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Kman

Premium Member
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Reputation Activity

  1. Haha
    Kman reacted to Paul in The Ultimate - "Show us your stack" Thread   
    I hope your window cleaner isn't a stacker
  2. Like
    Kman reacted to Lowlow in When did you start stacking metals?   
    Sure, okay, I'll give you kids a little primer on the 1990's lol ..
    So ... gather round children for story hour lol ... so anway, way, way back in the 1990's when we were still listening to 80's pop and Nirvana and grunge music started to be a thing, there was a recession.  Actually, back up a few years before that, in 1987 there was a stock market crash, and we were all ABSOLUTELY POSITIVE we were going to die in a nuclear war, the cold war was in full swing, they didn't know what HIV was but people were dying of AIDS, all that ... then the heavy metal rockers played the biggest concert in history (at that time, look it up) and then the Berlin wall fell, .. and we were in a recession.  Bill Clinton was elected, mostly because of Ross Perot being in the race and taking votes away from Bush, and because of Perot and other people's influence and a focus on the national debt .. deficit reduction was becoming a thing, and the "Contract for America" happened.
    So ... anyway ... commodities were in deflation throughout the 1990's, with precious metals leading the way, and the PM markets were full of dreary gold and silver bears.  You think you have it bad now after the 50$us/oz silver high and subsequent bust, you should have seen the 1990's after the 1980's top, everyone was convinced for a decade that silver and gold were DEE. EEE. AYE. DEE. dead.  Dead forever.  Goldbugs and stackers were tormented by the Internet Stock geniuses who would troll them mercilessly (trolling, yep, it was a word by the mid-90's), and this was before the Nasdaq crash in 2000, so bugs and silver stackers pretty much believed that they themselves were brain damaged for stacking lol.  Anyway, silver was about like 5$us/oz, and NOBODY WANTED IT.  I mean nobody.  You think nobody knows what gold and silver is now, believe me, it was worse in the 1990's, there weren't an endless stream of commercials on television trying to get you to purchase gold and silver, etc ... NOTHING.  You had to already know what it was, what it was worth, where to buy it, have a friend who knew where to buy it, etc, and this was before Internet forums and the web and Amazon, Ebay, and all that &^%# too, so it was a market mainly for rich people who already knew about it.  Later in the mid- to late- 90's you started to get the Internet as you now know it and people learned more, but back then it was a very niche market.
    The exception to that is that there were a pile of survivalists from the cold war days who knew about gold and silver, much like preppers today, they were convinced then as now that &^%$ was about to go down.  It's hard to describe that, but a lot of it was Vietnam soldiers who had experienced a lot during the war ... keep in mind 1990 was only 20 years after Vietnam, it was as far back as the year 2000 is for you kids, very fresh in people's minds, and those guys were in their 40's by the 1990's.  Anyway, that whole crew knew about PM too and were active buying and selling it.  The cold war was on every person's lips.  See the movie "The Day After" for a taste of that.
    So to the actual question ... what were we buying.  Mostly silver and gold eagles, but bars were available, rounds, Englehards were huge back then and are still very popular today.  You have to remember, just as you are coming off of a 50$us/oz PM high, people in the 90's were still coming down from a peak in the inflationary 80's, so a lot of the PM in circulation was minted in the 80's PM boom.  Most PM transactions happened between people, at local shops (which were very rare and usually either coin shops for old PM, or jewelry dealers), and people bought and sold precious metals at gun shows.  Banks sold silver dollars, but I don't remember if they sold gold.  Back then, back in the mid-80's at least, we didn't really have ATM cards, so people used savings books, check books, etc, and made transactions at the banks where they could purchase silver eagles, buy U.S. savings bonds, and a whole host of products that banks don't deal in now.  It wasn't until the late 80's and early 90's that people started dealing with ATM cards, Credit Cards, etc, and it was about that time that personal Credit Card debt became a thing.  Younger people might now know this, but until then there really was no such thing as credit card debt, most people who wanted to borrow money borrowed it from a bank or more often from friends and family, or they charged to store accounts.  Back then pretty much every large retailer had shop accounts where you could buy on credit, kind of like running a bar tab, and then as now it wasn't that unusual for women, mostly housewives, to get into debt at shops (that's not a sexist statement, btw, 85% of all consumer purchases are made by women today).  Back then going to get U.S. currency coins at the bank to search for silver was still a big thing too because it was still floating around in the currency, and people made a lot more cash purchases, so it was quite common to find silver coins in your change.  We also didn't have checkout scanners, so it was all done with amazing speed (and a good many errors) by mostly women working checkout registers by hand, fingers flying over buttons at fast speeds, you used to have to stand there in the store and check your receipts if you were money conscious because errors were common, but the upside was you had a constant supply of coins with the potential to find silver.  Coupons and green stamps were also a thing, again, it's important to remember that most of the people buying for their families had grown up in the 1970's and had seen real recession .. like, stand on the corner at the courthouse trying to get picked up for day work type of recession.
    So anyway ... yeah, I was about your age back then, so I was like most of you and just getting started in stacking.  Except that silver was only around 5$us/oz and we were all a bunch of punk rockers listening to music and &^%$ all the time and riding around with our friends wasting our lives chasing girls and what-not.  Youtube "Violent Femmes Add it Up Live" for a taste of what that music was like.  There was a bit of a revival among men in those days, a reaction to early PC culture, much like the MGTOW and Jordon Peterson crowd today, except they cussed a lot more than you kids do, called each other worse names, and got in a lot more actual fights instead of pissing on each other on the Internet.  Attitudes for bugs and stackers hasn't changed that much ... stackers gonna stack.
    I could go on about what it was like before cell phones, computers, etc, I remember it all lol ... I remember the first time I looked at an LED light, the first time I touched a digital calculator, the first video game I ever played, the first time I watched MTV, etc lol.
  3. Like
    Kman got a reaction from Xander in Who got you into Gold and Silver?   
    I think it was maybe conspiracy theories
    I started learning about the Rothchilds, money, how fractional reserve banking works
    Then maybe Mike Maloney
    Then smaller personal youtube channels
     
  4. Like
    Kman got a reaction from Roy in Index fund vs other investments   
    Probably anything rare and historically collectible, antiques, paintings etc prices only ever seem to go up and up (assuming it's not something that's a short term fad) 
    Domains in the past 20 years also, but who can say what will happen with the internet in the long term now so maybe that's not as safe anymore. 
    Personally I like investing in myself, trying to use my own knowledge and skill, at least then if it goes tits up I only have one person to blame
    Investments that require nothing but giving someone else a meaningful amount of my wealth make me feel very uncomfortable, that's why I would avoid anything like this. 
     
     
  5. Like
    Kman got a reaction from Xander in Who got you into Gold and Silver?   
    I think it was maybe conspiracy theories
    I started learning about the Rothchilds, money, how fractional reserve banking works
    Then maybe Mike Maloney
    Then smaller personal youtube channels
     
  6. Like
    Kman reacted to TheByzantine in Who got you into Gold and Silver?   
    numistacker. he randomly appeared on my youtube feed and that's where it all began.
  7. Like
    Kman got a reaction from arcglide in Some Upcoming Royal Mint Releases   
    Upcoming.. 
    https://m.thegazette.co.uk/notice/2965801
    "for the reverse Our portrait taken from Our Coronation and accompanied by the dates “1953” and “2018”. The coin shall have a grained edge.’"
    "for the reverse a garlanded depiction of the Royal Arms below a crowned depiction of Our Royal Cypher, and accompanied by the inscription “· SAPPHIRE ANNIVERSARY · 1953 - 2018”. The coin shall have a plain edge and in incuse letters the inscription “SHINE THROUGH THE AGES”."
     
     
  8. Like
    Kman got a reaction from Xander in Who got you into Gold and Silver?   
    I think it was maybe conspiracy theories
    I started learning about the Rothchilds, money, how fractional reserve banking works
    Then maybe Mike Maloney
    Then smaller personal youtube channels
     
  9. Like
    Kman reacted to Pipers in Chards   
    Over the last few months I have ordered  gold and silver from a few dealers,
    A few weeks ago I made an order from Chards again, I received the order today 3 sovereigns.  I have to say I asked for a delayed delivery which was fine with Chards, the Sovereigns were delivered today via special delivery very well wrapped. 
    I am very pleased with the service Chards provide they are very polite, efficient and i got what I expected. I thought I would share my experience
    Thank you chards
     
  10. Haha
    Kman reacted to kimchi in 2018 silver Emu coin from Perth at LPM with only 30,000 mintage   
    So do skinny fellas, but I'm not minting a coin with my ugly mug on it
  11. Sad
    Kman got a reaction from MickB in Magnetic slime   
    http://www.dailymail.co.uk/news/article-5412761/Girl-poisoned-ARSENIC-playing-Amazon-toy.html
    "Young girl is 'poisoned by deadly ARSENIC' after playing with banned Chinese magnetic putty toy her mother bought on Amazon"
  12. Like
    Kman got a reaction from Nora in Former builder 20, quit his job and now makes up to £70,000-a-year selling rare COINS on eBay   
    "James Grear, 20, from Bristol, set up The Coin Supplier with his friend Harry when they were both 18 and looking to increase the £9 an hour they earned in the construction trade. 
    They got the idea for the company after Mr Grear noticed a rare WWF 50p from 2011 that was selling for eight times its value on eBay and realised there was cash to be made. "
    They initially struggled to find enough rare coins to sell - as they were limited to withdrawing £100 of change a day from banks and could not find cash backers. 
    But two years later - after working on their supply chain - the company now has an annual turnover of between £50,000 and £70,000, with coins sold under fixed prices rather than auctioned.
    Mr Grear told Sun Online's Tara Evans: 'I will literally sit and sort through all the coins. Since we started, I've learnt which coins are good and got much quicker at it'.
    'It wasn't easy to find a supplier. We had to go out and find people that would support our business."
    http://www.dailymail.co.uk/news/article-5250171/Businessman-makes-70-000-year-selling-COINS-eBay.html
     
    So as best I can tell, he is saying they make £70,000 a year just noodling through bags of coins
    Does that seem plausible?
     
     
  13. Like
    Kman reacted to Paul in Shopping Around Pays Off   
    Car parking charges
    Nazi gestapo parking goons on every corner to fine you for going over your white line by 1mm or overstaying 1 mins past your ticket
    Having to run the gauntlet of charity muggers
    Having to avoids beggars, alchos and druggies smacked off their head on Spice
    Having to avoid Sky salesmens, survey monkeys and TalkTalk reps
    Having to avoid smoke in my face 
    Avoiding people who are allergic to soap 
    Congested traffic
    Bad roads
    Radgie drivers every where
    Items being out of stock
    Useless staff of under 50 IQ
    Queues because of not enough staff in store
    Cold, wet winter weather outside
    Bashed car door on your return
    ........Oh, and wait, i can get it cheaper to online. bonus
    The price of Prime is well worth it, bring it to me, i will be sat with a mug of Yorkshire Tea waiting for your knock, thank you very much
     
  14. Like
    Kman got a reaction from arcglide in Queens Beast Bull - First look   
     

    Or
    "The Snooty Shopper"
     

  15. Like
    Kman got a reaction from arcglide in Queens Beast Bull - First look   
     

    Or
    "The Snooty Shopper"
     

  16. Like
    Kman reacted to mr-dead in Today I bought.....   
    Gold 4 Escudos cob type (hammered coin)
    Double Doubloon of pirate fame.
    King Phillip II.
    Dated 1556 to 1598
    Mint: Sevilla
    Weight:  13,50 g
    diameter:  32 mm
    Recently purchased the 2 Escudos so now have to get the 1 & 8 Escudos to complete the set. 
    The premiums on these really hurt, this baby works out at nearly £7k/oz

  17. Like
    Kman got a reaction from arcglide in Queens Beast Bull - First look   
     

    Or
    "The Snooty Shopper"
     

  18. Like
    Kman got a reaction from mongo28 in Today I bought.....   
    Depending where you bought it from, it might be nice to have the peace of mind it was confirmed genuine by a grading company if nothing else 
  19. Like
    Kman reacted to fehk2001 in Beatrix Potter Series 2018   
    Peter Rabbit 2017 UK 50p Silver Proof Coin
    Denomination 50p Maximum Coin Mintage 40,000 Alloy .925 Sterling Silver Weight 8.00g Diameter 27.30mm Reverse Designer Emma Noble Obverse Designer Jody Clark Quality Proof Year 2017 Pure Metal Type Silver
     
    Peter Rabbit™ 2018 UK 50p Silver Proof Coin
    Denomination 50p Maximum Coin Mintage 45000 Alloy .925 Sterling Silver Weight 8.00g Diameter 27.30mm Reverse Designer Emma Noble Obverse Designer Jody Clark Quality Proof Year 2018 Pure Metal Type Silver
  20. Like
    Kman got a reaction from mongo28 in Today I bought.....   
    Depending where you bought it from, it might be nice to have the peace of mind it was confirmed genuine by a grading company if nothing else 
  21. Like
    Kman got a reaction from arcglide in Queens Beast Bull - First look   
     

    Or
    "The Snooty Shopper"
     

  22. Like
    Kman got a reaction from arcglide in Queens Beast Bull - First look   
     

    Or
    "The Snooty Shopper"
     

  23. Like
    Kman reacted to mr-dead in Today I bought.....   
    Finally got a pirate gold doubloon
    A Spanish 2 Escudos Philippe II (cob type), dated between 1556 and 1598.
    Crappy picture, will take a better one when it arrives from France.
    Wonder if its worth getting this one graded as the detail on the cross seems better than most.
     

  24. Haha
    Kman got a reaction from Goldmick in Wales earthquake   
    comment of the year so far lol 
  25. Like
    Kman got a reaction from arcglide in Queens Beast Bull - First look   
     

    Or
    "The Snooty Shopper"