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TerryGriffiths
Reputation Activity
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TerryGriffiths reacted to Spyder in Ebay Authenticity Guarantee
I think this is good news from ebay. Just received an email that from the 11 October any jewellery sold for more than £500, you can post directly to ebay who will authenticate and post on to buyer. Any returns goes the same way. This will stop scammers posting back a Christmas card or a swapped item.
I wished they would include gold coins.
A step in the right direction and no extra charge to the seller
Spyder
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TerryGriffiths got a reaction from BOOLIAN in London Coin Fair - worth going?
I was not that impressed, mainly overpriced. Only a few dealers worth buying from.
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TerryGriffiths got a reaction from iacabu in Mixed US silver
both 90 and 40 oercent
Can i also have the quarters as well
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TerryGriffiths reacted to sixgun in What percent of our currency will be gold backed if we ever go back to a gold standard?
Only true if i post it. You should know that by now.
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TerryGriffiths reacted to sixgun in Today I bought.....
i just decided to get a tube of the 1 oz silver Myths & Legends 2023 King Arthur from Goldsilver.be. They work out at £23.04 with the delivery costs spread over several orders as i also called in all the other coins i was holding with them.
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TerryGriffiths reacted to Oliman in Today I Received.....
2 peace dollars, 1 morgan, 1 Britannia and 3 eagles with gold liberty.
Very happy from my local antique shop
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TerryGriffiths reacted to GoldDiggerDave in Bit of advice
A sovereign a month is a slow and steady sensible savings plan. Look at it as savings rather than thinking the price will go to the moon.
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TerryGriffiths reacted to sixgun in The coming Gold crash
@Martin1983The graph shows the number of GC (gold) futures contracts.
These contracts are long and short. One party wants to sell gold (short) and counter party wants to buy (long).
For every short there must be a long.
The holders of contracts are classified into various groups. The commercials are the banks - the speculators are the hedge funds and the like.
You can see the darker bars below the line are the commercials which Net hold the opposite side of the contracts to the light coloured bars above the line - the speculators
If the banks hold a large number of short contracts it generally predicts price will fall. They have deeper pockets, there are fewer of them and they act together - there is a concentration of positions. They are short - want the price to fall and act to drop price by dumping more short contracts into the market. This is the origin of the claims of market manipulation by a small number of banks acting together to move price. Dumping 10's of thousands of contracts into the market over a matter of minutes.
Wonger came to the forum last year stating silver would fall - he based this on the build up of short positions with the banks. Price did fall a bit but nothing like he was predicting.
Since Wonger predicted the collapse in the gold price the 'open interest' - the number of open contracts held has reduced. You can see the green line - it peaked in mid January and has declined since. We have seen no end of commotion in the paper markets - i think it unlikely banks will want to ramp up short positions. We have seen Scotiabank announce they are pulling out of the gold trade. There has also been mentioned several times that the banks use the COMEX futures market to hedge their positions in the LBMA over the counter market. So they are long in London and short on the COMEX. i have also heard comment that some of the long positions classified as speculators are actually commercial positions on the quiet, so perhaps the short position of the commercials is less than it seems.
Wonger has more recently changed his tack - he says there is going to be massive deflation. That asset prices and commodities will fall in price. This he believes includes precious metals.
We will see but i am not with Wonger in his investments.
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TerryGriffiths reacted to sixgun in The coming Gold crash
It's getting harder and harder - exactly - Wonger he say he go down hard.
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TerryGriffiths reacted to Minimalist in The coming Gold crash
Regarding some comments on here with being short, long, "we dont know where its going" "the 30s" etc.
Truth is everyone has got to realise that the central banking cartel that dominates the planet have interests at work that keep us as an underclass - so our working life is treated as numbers while they act against the best interest of the average citizen so we are getting nothing out of any daily/monthly price action. The very existence of the paper / virtual gold/silver market illustrates how central banks preserve the status quo by greasing their protection of power and profits. I laugh at the perception people I know when they use 2008 as a reference point to demonstrate financial crashes or corruption when it was the LAST largest crash in the conventional eye. So, for all intents and purposes nearly everyone on this forum is familiar with 2008, Bill Murphy became whistleblower for exposing the system. The interaction of central banks using anonymous positions to push $3.8billion in metals contracts down and then buy back up reverberates their is one winner in their arena, in their system, in their game and that is the central banks. Even Joseph Cassano, the leading cause of the sub-prime-mortgage failure produced the product in The City of London because its city-status is free from any checks and balances. Its honestly exasperating reading certain posts in here, listening, watching from people I know, friends in the financial industry, assumptions and preconditions about markets are just somehow spontaneously manipulated... And that the system isnt somehow unconditionally against the us. Its even got to the point where I see the retired in our country moan, criticise and take their frustrations out on my generation because they dont have the intelligence to protect themselves accordingly against this gangster inflationary hyperdebt scheme. The existence of a pension is for all of us to retire with the appropriate income. Yet you still have people in their late 60s, early 70s work part-time and claim they are retired then somehow lay the blame on whatever insane cognitive pathology they come up with. Nearly all assumptions on here are wrong. I can guarantee you that if we keep buying gold until we retire we have protected ourselves from this global heist. If you dont want to believe that fair enough its no skin of my nose but unfortunately the truth extinguishes deceptions, delusions and insitutionalised market conditioning.
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TerryGriffiths reacted to sixgun in The coming Gold crash
Who is being encouraged to buy gold? i don't see it. All but a handful are buying gold - that handful may be buying it hand over fist but it is still but a handful. Some people need to open their eyes to the world around them.
The situation is improving on the purchase side, but buying gold has been difficult as mints and refineries closed down. Most people are struggling to survive let alone hoard gold. Are jewelry shops open? - they're certainly not on the Continent.
The COMEX as far as precious metals is on its last legs - the LBMA has similarly been exposed for what they are - paper tigers. The spot price of silver is meaningless. The spot price of silver fell and the price to buy physical went up. i listened to the TF Metals interview with Andrew Maguire - Maguire said the Chinese are taking over the London gold market through the LME (London Metals Exchange) - that liquidity will flow to the LME. Maguire has a tendency to be a bit over enthusiastic at times but i find it hard to believe this one is a baseless statement.
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TerryGriffiths reacted to Arganto in Gold Monitoring Thread £ GBP only
Strikes me as gambling against a manipulated system rather than true capitalism. A proper free market shouldn't allow for the kind of situation we're in now including using other people's money to buy and sell rapidly. But then I don't dabble so only see it as an outsider. It's easy to make grandiose statements on the internet thinking it's all very gauche when I'm not experienced in the subject.
Shiny stuff pulled from the earth and refined to be even more awesome, that I can dig 😋
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TerryGriffiths reacted to gustavus in Today I bought.....
All non-paper silver has gone up but needed to buy something. So got few dollars from auction.
26,5€ for morgan dollar 1889
20,5€ for peace dollar 1923
Saw everything 1oz bullion going 23-30€. Even more popular were silver forks etc. All thought those have always had more bidders than coins in some auctions. I dont know if that is age question, but older people bid on those.
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TerryGriffiths reacted to sixgun in Today I bought.....
More nice stuff from @arshimo2012 a lovely £5 sovereign.
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TerryGriffiths reacted to sixgun in The coming Gold crash
People of the forum are looking for physical gold and silver. We don't give a flying f*ck what JPM and Goldmans are doing - there isn't a lot of physical around, so if JPM and Goldman could flood the market with physical that would be great - but they won't - they are doing the same as us - stacking physical. We are on the same side.
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TerryGriffiths reacted to Minimalist in The coming Gold crash
Well, we all are. Common sense indicates that we hold metals through this depression. Meanwhile the forum maniac is all in short Gold. Couldnt make it up.
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TerryGriffiths reacted to sixgun in Today I bought.....
A couple of bars i got today. From the boss @arshimo2012
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TerryGriffiths reacted to Nick1368 in Today I Received.....
I was at sharps pixley at 10 am today to pick up these two sovereigns and spot price was £1248 , I got back to work at 11:30 am and spot price is £1199 🤣🤣
But who cares, I’ve got gold in my possession 🤩🤩
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TerryGriffiths reacted to Nick1368 in Today I Received.....
Had a beautiful 50 Pesos but I sold it to backyard bullion in the summer, now I’m stacking again and buying back all the coins that I loved and sold last round.
that happy feeling after buying gold is better than sex 😆🤪💪😍😋😜🤩
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TerryGriffiths got a reaction from watchesandwhisky in 1st Feb 2020: The Silver Forum Lounge with Numistacker @ London Coin Show
Picked up a 1 oz lunar rabbit for £18, in the silver forum Lounge. Many thanks
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TerryGriffiths got a reaction from jultorsk in 1st Feb 2020: The Silver Forum Lounge with Numistacker @ London Coin Show
Picked up a 1 oz lunar rabbit for £18, in the silver forum Lounge. Many thanks