Crossing the £10k threshold

[LawrenceChard]

16 minutes ago, MonkeysUncle said:

Ermmmm.... now let me think....

Pol Pot

Mugabe 

Mad Vlad

To save me looking them up, were any of them elected?

If so, were the elections free and fair, rigged, or dubious?

I don't think any of them could be classed as "benevolent dictatorships" which are generally considered to the the best form of government.

https://en.wikipedia.org/wiki/Benevolent_dictatorship

😎

[MonkeysUncle]

I think Sir Lawrence of Chard & Blackpool should stage a coup and take over this island.

At least we'll know the premiums we're paying!

🙂

 

[Bratnia]

On 20/02/2023 at 22:29, LawrenceChard said:

No, but...

We would ask for and expect to get some more information, to satisfy ourselves that the source was legitimate, otherwise we might fall foul of anti-money laundering regulations.

😎

If as a retirement pot, coins were bought from you (Chards) over a period of time, or a lump sum purchase made as part of a shift to a retirement asset allocation, my thoughts are that a regular relationship would have been pre-established anyway, and whether subsequent draw-down/retirement might be simplified. Once/month credit card bill comes in, sell (back to Chards) coin(s), to cover that, perhaps even where the payment were direct to the credit card (rather than cash or a bank transfer into my bank account, that would then have to be cleared before paying the credit card bill). Failing that I guess ETF's would be the way to go, but I would rather have no counter-party risk (even though some ETF's claim to be backed by physical, push come to shove I suspect 'whoops' outcomes could follow (there's 100+ times more paper-gold than physical gold). Maybe something like 'those allocated bars we said we held that back the ETF, well they'd been lent out and aren't going to be returned' in the event of a gold-run). Unlikely perhaps, but perhaps with a 30+ year retirement window - odd things happen during those years.

Just thinking through simplicity/convenience.

[pricha]

On 21/02/2023 at 01:13, Gordy said:

simple answer, buy it, enjoy it and dont worry about it, your data is protected by legit dealers, as if they misuse it then they are fined 1000's, hacking is different though.... 

and tbh all a crook would need to do is sell you a coin on ebay or other outlet and they have your address details

They don't even need to sell you a coin. Just list a rare coin with a stolen photo. After the sale, refund the buyer immediately . Now you have their address . eBay won't show any interest . This is why i always use my work address if possible.

[gji25]

On 19/02/2023 at 18:02, LawrenceChard said:

Anyone who stores personal data has to take adequate security measures.

We at @ChardsCoinandBullionDealer certainly take our systems security seriously, and this includes customer data, which is only kept locally on a different server from our main systems.

We also have "Penetration Tests" performed, similar to those done for "payment processors", even though we are not required to have these, as we are not "payment processors".

I would hope that any major bullion dealer would have similar security, but I would bet against many of the minor coin or bullion dealers having anything approaching a highly secure level.

Another reason for choosing Chards!

😎

if you dont store the data in the first place, then there is zero chance of it ever being leaked. 

[scotwasp]

On 27/02/2023 at 10:56, gji25 said:

if you dont store the data in the first place, then there is zero chance of it ever being leaked. 

But the our big brother state wouldn’t know who to keep their eye on 🤔