Buying gold for first time

[dicker]

4 minutes ago, Silvistone said:

Im doing ETFs/ ETCs and Im charged over 9 quid a transaction, so putting little amounts in every other week would be quite expencive

Avoid bars; Why???

Not CGT exempt

Harder to shift than bullion coins

Heavily counterfeited 

[Silvistone]

On 27/09/2022 at 12:35, Scootermuppet said:

But if people shift their wealth to cash in banks, what's stopping the banks clamping down even more on large withdrawals? There's a lot of rumours about already, and I believe some banks are starting to question / block large cash withdrawals... and we've all read about the way banks use your cash once they have it 🤦‍♂️ (or I hope we have...)

Might be sensible to stick with PM's then turn in to cash if / when needed? 🤔

Well the co-op bank did it with me when I made a large withdrawal and come up with some BS excuse as the always do we are doing it for your own safety. looks like they are clamping down for when people actually do not a walk on the banks but a run on the banks

See page for hear https://thelightpaper.co.uk/assets/pdf/Light-24-Final-Web.pdf

What do the banks do with the money when they have it? well I herd a story then when your money is in the bank you dont actually own it; they do! But they certainly dont lend it to borrowers so you can earn interest on it any more. No need the money is created out of thin air these days (said the David Icke)

But my advice to anyone is do not having saving in fiat currency. But if you are going to do it, dont use a bank

 

 

 

[dicker]

17 minutes ago, Silvistone said:

What do the banks do with the money when they have it? well I herd a story then when your money is in the bank you dont actually own it; they do! But they certainly dont lend it to borrowers so you can earn interest on it any more. No need the money is created out of thin air these days (said the David Icke)

Factually incorrect.  Your money in a bank doesn’t belong to anyone but you.  The bank is simply the custodian of your funds.

Lending to borrowers…they certainly do and you currently get greater than 2pct interest at banks and more in building societies. 

A banks primary operations are balancing its loan book versus its cash and investments. 

David Icke…..Queen turning into a reptile when not in public, son of god?  I rest my case.  

[Scootermuppet]

53 minutes ago, Silvistone said:

<snip>….

What do the banks do with the money when they have it? well I herd a story then when your money is in the bank you dont actually own it; they do! But they certainly dont lend it to borrowers so you can earn interest on it any more. No need the money is created out of thin air these days (said the David Icke)

…..

Yep, I’d wondered about what they do with it too.

This video explains it all….

 

Edited September 29, 2022 by Scootermuppet
Spelling

[CANV]

if you want to get a large sum of cash out of Barclays (if you are a customer and have the loot of course ) you can normally get 10 k at the big branches with minimal security questions.  Im pretty sure if I called up and preordered the day before I could easily get 50 k out  

[CollectForFun]

4 hours ago, Silvistone said:

Im doing ETFs/ ETCs and Im charged over 9 quid a transaction, so putting little amounts in every other week would be quite expencive

For this problem I would have one simple solution for you - just start using a cheaper broker...

[Chandler365]

13 hours ago, Silvistone said:

So its like the daily hedge thing? Having a bit of a gamble I guess. But as the bookies and casinos the broker always win! I mean you pay 9 odd quid for a transaction with Halifax share dealing and 0.39% with wisdomtree comodities

I have a price in mind I would be willing to pay for coins , and if that price is reached by the current spot price I’ll make a purchase , nothing fancy about it

So YOU don’t actually have any gold , to hand so to speak ? 

[Silvistone]

15 hours ago, Scootermuppet said:

Yep, I’d wondered about what they do with it too.

This video explains it all….

 

I read this; part of an artical out of my UK independent wealth. But its kind of the same thing as said video

 

In short, under normal conditions, new money is created every time a commercial bank makes a new loan. If you get a loan from, say, Lloyds Bank, it creates two entries on its balance sheet. A loan asset, being the money you owe to the bank, and a deposit liability, being the money it owes to you (and which you can now go and spend).

Every day, banks are busy making new loans and receiving repayments on existing loans. Meanwhile, deposit money flows around between customers within the same bank or between banks

[Silvistone]

15 hours ago, dicker said:

David Icke…..Queen turning into a reptile when not in public, son of god?  I rest my case.  

no no no! its son of god head, and what he meant by the Queen is a reptile is he has interviewed victims that have gone though these satanic rituals (the very few that survive that is) carried out by these hybrid blood line (Prince Andrew I rest my case!) and he says that as they went though these rituals that these hybrid blood line would ever so slightly start to change shape into a reptilian force.

 

Further more. He has stated several times going on TV and being in the dressing room where they are dressing him up to go on TV and Ted Heath came back into the dressing room to dress him down. And he said to T.H hello mate! And T.H did not reply his eyes went black and he scanned him dont with his eyes like a computer

[Silvistone]

5 hours ago, Chandler365 said:

 

So YOU don’t actually have any gold , to hand so to speak ? 

I just made my first purchase of Wisdomtree physical gold in my Halifax share dealing account

Wisdomtree say the gold is backed up in a vault with HSBC. But I dont think I actully own the gold its self

[dicker]

2 hours ago, Silvistone said:

no no no! its son of god head, and what he meant by the Queen is a reptile is he has interviewed victims that have gone though these satanic rituals (the very few that survive that is) carried out by these hybrid blood line (Prince Andrew I rest my case!) and he says that as they went though these rituals that these hybrid blood line would ever so slightly start to change shape into a reptilian force.

 

Further more. He has stated several times going on TV and being in the dressing room where they are dressing him up to go on TV and Ted Heath came back into the dressing room to dress him down. And he said to T.H hello mate! And T.H did not reply his eyes went black and he scanned him dont with his eyes like a computer

Lolz 

[Bigmarc]

@dicker

I know you work in the banking industry, just wondering. I have never watched a Maloney film as am not one to have the patience for YouTube but many on here have recommended it. Before I give it a go, do you think it's an accurate description of the industry? I am just a bit weary of content posted and made buy dealers.

[SidS]

1 hour ago, Bigmarc said:

@dicker

I know you work in the banking industry, just wondering. I have never watched a Maloney film as am not one to have the patience for YouTube but many on here have recommended it. Before I give it a go, do you think it's an accurate description of the industry? I am just a bit weary of content posted and made buy dealers.

In those History of Money videos, Maloney isn't actually 'selling' as such. They are more factual to my mind. What he tries to do is explain how fractional reserve banking actually works (the US variant at least). There's no real mention of gold in that video as gold isn't currently part of the monetary system. It's a bit of an eye opener to be honest for those of us not working in finance.

Edited September 30, 2022 by SidS

[Bigmarc]

12 minutes ago, SidS said:

In those History of Money videos, Maloney isn't actually 'selling' as such. They are more factual to my mind. What he tries to do is explain how fractional reserve banking actually works (the US variant at least). There's no real mention of gold in that video as gold isn't currently part of the monetary system. It's a bit of an eye opener to be honest for those of us not working in finance.

I've read a bit about the guy himself and actually really like his story but just wondering if a banker made the same documentary would it be similar.

[SidS]

14 minutes ago, Bigmarc said:

I've read a bit about the guy himself and actually really like his story but just wondering if a banker made the same documentary would it be similar.

Ah to that I couldn't say. I'm currently reading through some of Jim Rickards' material lately. He often appears in Maloney videos, but unlike Maloney he has a background in finance. He also tends to present a fairly balanced view of metals - sticking to facts rather than pumping, at least that's my initial feeling thus far.

[Bigmarc]

5 minutes ago, SidS said:

Ah to that I couldn't say. I'm currently reading through some of Jim Rickards' material lately. He often appears in Maloney videos, but unlike Maloney he has a background in finance. He also tends to present a fairly balanced view of metals - sticking to facts rather than pumping, at least that's my initial feeling thus far.

Cheers, I will have a look. I find it very difficult to find someone with a balanced view. Its only natural that people make content with a indusrty they are associated with but it is nice to find someone with a balanced outlook. 

[Silvistone]

1 hour ago, SidS said:

In those History of Money videos, Maloney isn't actually 'selling' as such. They are more factual to my mind. What he tries to do is explain how fractional reserve banking actually works (the US variant at least). There's no real mention of gold in that video as gold isn't currently part of the monetary system.

If your refering to the above video, then the video its self is more trying to explain how the money system works and that is that its all fake! its all credit borrowed on credit from start to finish where you start out with $1 back by nothing and eventully it turns out to be $1 trillion or so.

 

Infact prior to 1933 (33 where everything is free, need to look at words and numbers guys, big clue there) $1 was worth the coins weight in silver and it had one line down the S not two that it has now

 

1 hour ago, SidS said:

 It's a bit of an eye opener to be honest for those of us not working in finance.

Well I dont and have never worked in finance in my life; but I know the basics of this anyway from reading people like David Icks work. The video is just a lot more detail for which I dont understand most of it

[dicker]

3 hours ago, Bigmarc said:

@dicker

I know you work in the banking industry, just wondering. I have never watched a Maloney film as am not one to have the patience for YouTube but many on here have recommended it. Before I give it a go, do you think it's an accurate description of the industry? I am just a bit weary of content posted and made buy dealers.

I have not watched it, will put it in the list of things to watch!  I do keep an open mind!

[dicker]

16 minutes ago, Silvistone said:

Well I dont and have never worked in finance in my life; but I know the basics of this anyway from reading people like David Icks work

With all due respect to Mr Icke and his conspiracy theories, I suggest there are better books and sources.  It is very easy to generate articles that characterise and pick out parts of a story that suit a narrative.

My Icke’s conspiracy theory “smash hits” are well documented in the following.  Being of sound mind, my favourite are his comments around science and the scientific method is “bollocks”.

https://en.m.wikipedia.org/wiki/David_Icke

 

As a balanced introduction this is a reasonable intro.

[Bigmarc]

1 hour ago, Silvistone said:

Infact prior to 1933 (33 where everything is free, need to look at words and numbers guys, big clue there) $1 was worth the coins weight in silver and it had one line down the S not two that it has now

There is a big swing prior to 33, when were you thinking? 

[Stacktastic]

17 hours ago, dicker said:

With all due respect to Mr Icke and his conspiracy theories.

There is something about Ike I just don't trust - his eyes say it all. 
I dont follow people so wrapped up in 3d fear, but I guess everyone has a place in all this?
 
And he has been waking people up for decades much to the cabal's annoyance. 😛 

Edited October 1, 2022 by Stacktastic

[SidS]

17 hours ago, Silvistone said:

Well I dont and have never worked in finance in my life; but I know the basics of this anyway from reading people like David Icks work. The video is just a lot more detail for which I dont understand most of it

Well I'm not ashamed to admit I knew nothing of finance to be honest.

We never learned anything about it at school, and even if we had I'm not sure much would have gone in. I was one of those kids who always struggled at maths, absolutely hated the subject, tried to avoid it at all costs and breathed a sigh of relief every time the lesson was over and I got out of the door.

I guess I knew what most people in the street know. You go to work, pay your taxes, pay into your pension, pay your bills, whatever savings you've got are in the bank earning a thin sliver of interest. Rinse and repeat.

I always assumed fiat money was backed by land or something, companies, investment banks, something real and tangible. I can see now that was wrong.

I always like gold and silver though.

[Silvistone]

15 hours ago, Stacktastic said:

There is something about Ike I just don't trust - his eyes say it all. 
 

How you become a profesanol football player then that dose not work out, then stright onto the leading head spokes man of the Green party then did not like that then onto BBC sports presenter then that failed and now this

All this happening to one person by coincidence; I dont think so! Would look like to me that he is one of the club! one of the family blood lines that he has been deeming ever since 1991

Edited October 2, 2022 by Silvistone

[RoughDog]

On 25/09/2022 at 11:26, Pete said:

If any of us could predict the price movements of gold we would all be considerably richer.

I predict it will considerably more in £ and $ in 20 years time.

[Stacktastic]

13 hours ago, Silvistone said:

How you become a profesanol football player then that dose not work out, then stright onto the leading head spokes man of the Green party then did not like that then onto BBC sports presenter then that failed and now this

All this happening to one person by coincidence; I dont think so! Would look like to me that he is one of the club! one of the family blood lines that he has been deeming ever since 1991

Dont know, but if you add fear and anger to anything its the best way to not only add to collective energy, but you start to become what you hated at the start as your connected to millions of like minded people in entanglement. I noticed russel brand following on the same lines actually, a real change from his 2020 videos. Best way to deal with all of this and the cabal or whatever is neutrality & love. I am now personally treating it like a very funny bond film as some of the narratives are so ludicrous, you just have to feel sorry for the little fellers below. 

I bit of humour never goes amiss either.   

Edited October 2, 2022 by Stacktastic