Why silver price is going down when we have such inflation?

[theman73]

No more money in the bank, keep your saving safe.

[modofantasma]

1 hour ago, theman73 said:

"Large cash withdrawals" £2000+

Just incase you need a weekly shop AND a tank of fuel on the same day as you top up your electric meter 🤣

Edited August 12, 2022 by modofantasma

[Scootermuppet]

5 hours ago, GoldDiggerDave said:

I posted this on another thread yesterday, Halifax have updated their T&C’s

I try and keep just enough to pay Rent, Direct Debits (thankfully few) and cover any PM forum purchases - the rest comes out as SIPP payments, ISA payments & odd amounts of cash anytime I'm passing an ATM, and will get turned in to PM's at a coin fair or similar

They won't need to be charging me for excesses of cash in the account 😏 <engage ChurchMouse Mode> / ChurchMouse Mode engaged>

[Petra]

2 hours ago, Scootermuppet said:

I try and keep just enough to pay Rent, Direct Debits (thankfully few) and cover any PM forum purchases - the rest comes out as SIPP payments, ISA payments & odd amounts of cash anytime I'm passing an ATM, and will get turned in to PM's at a coin fair or similar

They won't need to be charging me for excesses of cash in the account 😏 <engage ChurchMouse Mode> / ChurchMouse Mode engaged>

Being a relative newcomer to the forum, I decided today to check up and confirm what I have been buying. Gold wise I was pleasantly surprised to see how much I have accumulated. Small change to some on here, however, I know that I wouldn’t now be sitting with all that equivalent in cash in the bank… would have been spent on something! So nice to know that I am accumulating something worthwhile and it’s not dependent on poor interest rates and what now appears to be tighter restrictions on your own money!🤡🤔

[Bigmarc]

There is probably no need for a bank to keep massive amounts of cash on site anymore. 

[TomBarn]

They are pushing for digital currency like in Israel. There is no telling to what lengths these psychopaths will go. 

[GoldDiggerDave]

29 minutes ago, Bigmarc said:

There is probably no need for a bank to keep massive amounts of cash on site anymore. 

My local Natwest only holds 2k of £2 coins (I know because I withdrew every single one)  I was looking for rare £2  found the Ireland common wealth one and sold to for £48 🤣

You are spot on mate the banks are doing everything they can to get rid of cash,  today I was went to the dentist tried to pay by cash and they only would except it if i gave them the correct amount so had to use my card, I will take my change jar with me next time.  I also had to go to the bank because Santander had canceled my bank card not because it had expired because i'd not used it for withdrawals I've got a sizeable amount of cash in that account,  yet they can cut me off form my own money so I had to go in with a pile of ID to get a new card. 

once we go cashless we are trapped, we all will be locked into a system where's theres no work around except for bartering.  

[Bigmarc]

59 minutes ago, GoldDiggerDave said:

My local Natwest only holds 2k of £2 coins (I know because I withdrew every single one)  I was looking for rare £2  found the Ireland common wealth one and sold to for £48 🤣

You are spot on mate the banks are doing everything they can to get rid of cash,  today I was went to the dentist tried to pay by cash and they only would except it if i gave them the correct amount so had to use my card, I will take my change jar with me next time.  I also had to go to the bank because Santander had canceled my bank card not because it had expired because i'd not used it for withdrawals I've got a sizeable amount of cash in that account,  yet they can cut me off form my own money so I had to go in with a pile of ID to get a new card. 

once we go cashless we are trapped, we all will be locked into a system where's theres no work around except for bartering.  

Yes I have kind of given up fighting it now, I've had two family holidays over the last couple of years where I have come home with as much cash as I've taken. I have been quizzed when putting a few grand into my kids savings account and the other day I took the kids swimming and needed £1 for the locker, I tried to change a tenna at reception only to be told "sorry we are cashless now". I do wonder how the bartering would go on, how are the youngsters going to buy their drugs? 

[dicker]

I went into a Nationwide this week to get some £50’s with the Turing design.

I asked how many they have - 4 in total and that was unusual!  This was apparently the first lot of the new design they had received and no one usually wanted them - well so said the cashier!

Best

Dicker

[Petra]

29 minutes ago, dicker said:

I went into a Nationwide this week to get some £50’s with the Turing design.

I asked how many they have - 4 in total and that was unusual!  This was apparently the first lot of the new design they had received and no one usually wanted them - well so said the cashier!

Best

Dicker

Apart from the fact that a fifty is quite a step up from the usual five, ten etc. for a lot of people, a lot of places get iffy about them because they don’t see them and think they can’t recognise a forgery. Rather self fulfilling. More work, but I would be forging fives and tens as never a question about them!🤔

[James32]

36 minutes ago, Bigmarc said:

Yes I have kind of given up fighting it now, I've had two family holidays over the last couple of years where I have come home with as much cash as I've taken. I have been quizzed when putting a few grand into my kids savings account and the other day I took the kids swimming and needed £1 for the locker, I tried to change a tenna at reception only to be told "sorry we are cashless now". I do wonder how the bartering would go on, how are the youngsters going to buy their drugs? 

Card reader?

[Bigmarc]

8 minutes ago, Petra said:

Apart from the fact that a fifty is quite a step up from the usual five, ten etc. for a lot of people, a lot of places get iffy about them because they don’t see them and think they can’t recognise a forgery. Rather self fulfilling. More work, but I would be forging fives and tens as never a question about them!🤔

According to Wikipedia the 50 and 100 euro notes are the most commonly used. I wonder if they get iffy about them there.

[Bigmarc]

7 minutes ago, James32 said:

Card reader?

Traceable, it would have to be something like they did with Johnny's in barbers years a go. " Something for the weekend sir". 

[Fadeingstar]

Over the past few years cash has been on the decline. I remember taking my parents to DFS to buy a sofa about 4 years ago they paid in cash and the people in there had what can only be described as a breakdown. More recently there has been a surge in people using cash as they quite literally count the pennies. Also I think there probabaly are more costs for businesses usuing cash as apose to tapping your plastic card or even mobile phone and the magical internet fairies move "money" round which we all know are just numbers on a screen.

Edited August 12, 2022 by Fadeingstar

[sixgun]

2 minutes ago, Bigmarc said:

According to Wikipedia the 50 and 100 euro notes are the most commonly used. I wonder if they get iffy about them there.

Not in my experience. i have only rarely seen 100's used. i would have to check but the cash machines don't dish out 100's.

[HillWalkerDundee]

It is well underway. 

[CANV]

I am about to embark on my last move house do it up thing.     I will do lots of it in cash. I am sure this will be the last time I can pull this off. 

cash is dead.  and quite frankly I dont care.  and will laugh at the youth that didn't listen to my advice to use it.....

[flyingveepixie]

6 hours ago, CANV said:

I am about to embark on my last move house do it up thing.     I will do lots of it in cash. I am sure this will be the last time I can pull this off. 

cash is dead.  and quite frankly I dont care.  and will laugh at the youth that didn't listen to my advice to use it.....

I don't think any of us will be laughing....☹️    Good luck with the house, wouldn't mind doing another one meself..

[GoldDiggerDave]

14 hours ago, Scootermuppet said:

I try and keep just enough to pay Rent, Direct Debits (thankfully few) and cover any PM forum purchases - the rest comes out as SIPP payments, ISA payments & odd amounts of cash anytime I'm passing an ATM, and will get turned in to PM's at a coin fair or similar

They won't need to be charging me for excesses of cash in the account 😏 <engage ChurchMouse Mode> / ChurchMouse Mode engaged>

The walls are moving in on us all, as much as we don't like fiat we are being eaten alive by inflation and the banks are imposing further controls, this utter BS to prevent fraud is laughable, they want total control and dominance of our finances and they will get it.

It's becoming harder to use cash, the banks now are dictating how much of your own money you can withdraw (the reality the second to deposit the cash its no longer yours you are only a creditor) and they can change the rules over night to impose more control over you and your credit.  

They have not eliminated cash yet  it will need to be inflated away to nothing so lets see how 2023 goes if inflation and especially energy prices keep on the upward curve by the end of 2023 most people will be begging for help,  and this is where they will impose CBDC on us in the form of UBI.  Between now and then they will QE more cash in the form of council tax rates and energy grants, I've already had £150 rebate in council tax which I did not need or did not ask for, I'd be happy if they just reduced the bill by £150 but this will not allow creation of more currency and also makes the people dependant on government handouts to live.   We all will get a £400 payment for energy and this will only be the start by the end of this year they will be giving more cash away at ever increasing rates. We are not seeing the end of a fiat currency it's nothing new we are seeing the end of physical cash.

 

[GoldDiggerDave]

Thought I do a silver video, please don't hate me, I will do another for a pro silver argument...............

 

 

[HerefordBullyun]

22 minutes ago, GoldDiggerDave said:

Thought I do a silver video, please don't hate me, I will do another for a pro silver argument...............

 

 

Does thy bisto stay up with inflation?

[HerefordBullyun]

24 minutes ago, GoldDiggerDave said:

Thought I do a silver video, please don't hate me, I will do another for a pro silver argument...............

 

 

 You are this guy do I win 5 quid

[GoldDiggerDave]

2 minutes ago, HerefordBullyun said:

Does thy bisto stay up with inflation?

LOL!.....Problem it has a shelf life, currently the answer is yes my jar of Bisto best is likely to out perform silver of the next 3 years of it's shelf life! As it's lily to cost £6 a jar at the current rate of inflation it's already gone up over 50p this year! 

[GoldDiggerDave]

2 minutes ago, HerefordBullyun said:

 You are this guy do I win 5 quid

When was this film they were only £19.99.......They have out performed silver more than I thought!  They are £169 now!!!!!!!

[HerefordBullyun]

12 minutes ago, GoldDiggerDave said:

LOL!.....Problem it has a shelf life, currently the answer is yes my jar of Bisto best is likely to out perform silver of the next 3 years of it's shelf life! As it's lily to cost £6 a jar at the current rate of inflation it's already gone up over 50p this year! 

Glad to see you have your eye on the most prized of the asset class moreso than ya stack lol!