FriedrichVonHayek

Shanghai
8 Apr 2024 AM
USD 29.86

Shanghai
8 Apr 2024 AM
USD 29.86

Shanghai
8 Apr 2024 AM USD 2,372.26

Shanghai
8 Apr 2024 AM
USD 29.86

Shanghai
8 Apr 2024 AM USD 2,372.26

Special offer £630!
Under spot including RMSD. 

Special offer £630!
Under spot including RMSD. 

Speaking of swapping to CGT free, I swapped a 20g bar +£120 for 3 sovs (a dealer friend) last week. He was up about a tenner. I've got 3 CGT free sovs. Both happy.
Bought the bar at an amazing price originally so was all worth it.

Random bag of hallmarked Sterling Silver Ingots and Medallions weighing a minimum of 1kg. 
£680 freepost, bank transfer.

The US treasury holds 8000 tonnes of gold, that in turn is loaned (non redeemable) to the Fed at $42.42/ounce, so at $2121/ounce market price the Fed has a 50x leverage factor, as though it held 400,000 tonnes of gold (more than all of the gold in world), where as part of that it might buy/sell leveraged versions of paper gold (even more scaling/leverage). The more the price rises the greater its leverage factor. With that the Fed can direct the price of gold to align with the US Dollar (align the dollar to gold). Yes there's much paper gold around, 120 times more paper gold than physical gold, but at the end of the day the one who holds the physical bars wins, even if each bar might have been sold many times over - on paper.
The end game is more likely to arise out of isolationism. The former 'West/capitalism' was predominately the US, Canada, UK, Europe, Australia, Japan. Biden hates the Brits, Trump is a isolationist, and the EU/US are distancing. If/when punitive barriers are erected between the US and UK/EU, along with Australia and Japan preferring to side with its geographically closer neighbours, so the 'West' might be reduced down to just 5% of the global population, US and Canada, with high barriers/tariffs, and disregard of US dollars (international trade settlements made using physical gold rather than US dollars). The giants, Apple ...etc. may very well look to relocate outside of the US when otherwise trade barriers limit their market to just the US/Canada. As will the US's ability to export inflation (print/spend dollars) end, it will have to settle international trade in physical gold, see its ability to fund a massive military might end, combined with high domestic inflation, perhaps even hyperinflation. Most empires last around a century before decline, especially fiat based empires. The longer surviving empires are typically gold based.
The US lost in Vietnam, is losing in Ukraine and in Israel, lost in Afghanistan, is alienating the UK and Europe. Is directing its own decline. And yes, as part of that it will see the decline of its ability to manipulate gold along with a potential rapid mass exodus away from the US Dollar as the official international trade settlement currency.

Sold .... thanks all

I have a for sale a few sterling and proof coins from around the world. Most have come from proof sets. All lovely condition and many with the capsules intact.
Countries include Canada, UK, Australia, Bahamas, Jamaica etc...........
Being sold as bullion and by the kilo.
Price is £635 per kilo.
Please see the pictures provided below for details.
Postage is on top and at cost. Payment is by bank transfer.
Thanks all for looking. * Kindly contact me to check the stock as sometimes I list on other sites and some items might have already sold.
** Postage is by Royalmail. Also, only special delivery is insured for bullion though I am happy to send by recorded too if you are happy to accept the risk. Postage is at cost.

Another 1kg available.

I believe the Shanghai metals exchange is closed until Monday.
Could be a smackdown incoming!

You may scoff but our day will come!
 
 

You may scoff but our day will come!
 
 

You may scoff but our day will come!
 
 

I vividly remember this interview, aged well in Manchester 😆 

You may scoff but our day will come!
 
 

You may scoff but our day will come!
 
 

Yeah... I had a dream....
In my dream silver gone up to the moon and gold dropped to the bottom. I was doing swaps with @James32 one table spoon for 1oz gold and one teaspoon for two sovereigns... James paid for shipping both ways, because was desperate to offload his fooking sovereigns and to gain some good quality silver.

Silver will have it's day. Tech, AI etc.... As I've said before; copper is the highway, silver is the glue.
It's COMING (even if it's taken 50+ years so far 😆). And with the price of gold people will have no choice but to move over!

https://www.bullionstar.com/charts/silver-price-today
Silver is a few pence shy of £22oz in Shanghai.

I know what their remit is, I just find it amusing knowing when they will / won't mention certain things.