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KDave

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KDave last won the day on October 8

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About KDave

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  1. Today I Received

    A lifetime's worth of sovereigns in one go. Where do you get them in such volume?
  2. A good point, but in context, this was a yes or no vote, clear cut, rather than a list of promises to fall by the way side. I don't think people will forget about this one if they make it go away.
  3. It is as you say. The problem is people voted expecting a result. Voted being the key. Democracy is on the line, if the majority are ignored then the precedent is set and democracy is something to be ignored in the future, perhaps law too.
  4. FED Rate impact

    I read that the fed are using a new measure of inflation which included asset prices showing inflation at 3%. Still think dollars at 1.5% are a good deal? Neither does anyone else. They can not keep interest rates low when inflation is this high. That is my thinking anyway. There is also the huge debt mountain looming over everything, we have gotten used to living in its shadow but it hasn't gone away, it has gotten bigger. Higher interest rates are going to make the threat it poses worse not better. What is ultimately happening here is the fed thinks it can put out signals and the market will react accordingly. The truth is they are a side show and raise because the market reality says they must not the other way around.
  5. The news tells me that the Bank of England thinks inflation has peaked so no need to raise rates. An excuse to continue 'carnage do nothing' policy. They are cautious and want to wait, test peak theory and buy time, before they are forced to raise. I've not been paying attention but has the US dollar continued it's fall? If so the next raise will be the fed, which will put the pressure on BOE to raise, it won't be done without that outside pressure imo.
  6. 4 Ducat

    Agreed they are nice coins, thin but good size, more diameter than some ounce coins. Being thin they are delicate. Good value bullion imo. If you buy from hgm ask condition first, one I bought last year was knackered so I sent it back. They are available elsewhere.
  7. silver price by 2020

    Supply increased last year, speculative element suppressed due to alternative in crypto, industrial demand falling across the board except solar panel tech. Where is the bullish case. Taking this alone, lower up till 2020. The currencies. Dollar - higher or lower? Sterling - higher or lower? This matters more I think.
  8. The ratio you are looking at is the paper price of the metals, if you look to physical and include costs such as buying premium, lower % in premium recouped when selling silver, the real ratio is much lower for private individuals wanting to trade physical. I read that paper silver is being sold to drive gold prices down, so they are linked but not in a monetary capacity, the label precious metal is nice but an irrelevance imo. There is a decent investment case for silver in industry, so it's worth holding as it gives a wide exposure and chances for gains when gold rises. Gold is the more practical of the two for physical though and it's primary investment case is it's continued use as non inflationary money, which is evidenced in its continued use as money on the sovereign level and being held and accumulated as reserves by nations and banks. Bearing in mind who holds gold and who holds silver, gold has the greater potential for future revaluation under a controlled reset. My preference is gold.
  9. Why we don't own bitcoin

    The banks have already said they don't think they can make money out of it. Still if there is a big wobble the ability to properly short will add balance to a market that up until futures has been driven entirely by greed. We need some fear, give the bears some tools and we might finally see the equilibrium that I am told about happening in the future some time and crypto being used as an actual currency instead of a tulip bulb. I had a good laugh at the story of the Dutch couple buying bitcoin with their house. History does like to repeat, but then perhaps it's different this time.
  10. Hi ht welcome back hope you are well. I used bitgild to get my wealth out of the Internets as I couldn't get my bank verified. I've just got rid of what I had left into cash for the time being and will convert back later to buy some silver when volatility in tulip coin is less. This is the blow off top if there ever was one, it's quite beautiful. I feel lucky to have lived in a time in history to see one, they are rare things. All imo!
  11. GOLD DEALS - See a deal, post here :)

    They sell fakes but it's all gold in the correct ct in my experience. Personally I have stopped buying from them as they send out knackered coins and charge a premium for the privilege. I have stopped selling to them after they reduced paid prices. It's a market place, plenty of other dealers with integrity and equal treatment of all customers.
  12. Herd Anticipation

    Good post I enjoyed reading. It is my opinion that Taxes are theft - money taken without permission using the threat of force. It's not an attitude it is more akin to a logical definition in my opinion. Moral arguments of where the money goes next are questionable under that context. Necessity is a better starting point, what does society actually need - this has sadly been lost among the noise of virtue signalling that has near bankrupted this nation and has transformed a great deal of attitudes, mostly that the government should look after you whether you contribute or not (especially if you don't contribute). The UK is one of the most tax heavy nations on earth. Look at the problems we have and consider that the solution is perhaps to do away with the things taxes are spent on and perhaps that taxes should be cut? An unpopular idea among the herd. I agree with you that pms are undervalued and are one of the few assets that are left in that state. I don't think that silver is a monetary metal, but it's a mute point. It has investor demand near to industrial demand, but unlike gold it is not used as money today as gold is on the sovereign level, nor is it used at local level. It has a great case for investment without this though. Given sentiment around silver, it's safe to assume you are not following the herd
  13. Bitcoin and Cryptos

    Every time I see a picture of bitcoin it is represented by gold coins. Why is that?
  14. Silver mistakes - yours or others

    Biggest mistake I made was buying silver from bullion by post, 2 tubes of britannias , high premium, VAT, the lot. This was my first silver purchase back in 2014.
  15. Fake 1887 £5 ?

    I had a fake one of these bought from HGM as bullion, it was the correct weight and size but fake. There are many fakes some extremely high quality. I sent mine back to hgm to be melted I feel your pain.