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KDave

Member
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  • Country

    United Kingdom

Reputation Activity

  1. Like
    KDave reacted to Roy in Britcoin   
    Consider the quote*,
    'Permit me to issue and control the money of a nation, and I care not who makes its laws!'
    and it is quite worrying!
     
    *possibly Rothschild?
    Usually @Minimalist weighs in here 
  2. Like
    KDave reacted to dicker in Britcoin   
    I am far from a conspiracy theorist but I see real risks to individual freedoms where CBDC's are implemented.
    Governments and their agencies cannot resist databases and monitoring of citizens.
    Best
    Dicker
  3. Like
    KDave reacted to GreatBritishBullion in Britcoin   
    It's worrying because 1) Zero privacy on transactions, everything recorded 2) They can place expiration dates on each unit of currency forcing you to spend within a certain time period 3) They can assign 'types' to each unit of currency, i.e. this is a groceries unit, this is a unit for paying rent, etc
  4. Like
    KDave reacted to Stacktastic in Britcoin   
    Fabulously catchy name. Why has no one thought of that before!
    Sh*tcoin would be better IMHO. 
    Cr*pcoin - I could go on all day! 

    All of this has been planned a long time ago in a far off galaxy - nout we can do about it. 
    Looking sat some of the dimwits on the streets I am starting to think that little bit of totalitarianism, might benefit them.  
  5. Haha
  6. Like
    KDave reacted to ilovesilverireallydo in Alfred the Great - Royal Mint 9am 22nd April   
    Looks more like an alien than Canute
  7. Haha
    KDave reacted to Paul in Alfred the Great - Royal Mint 9am 22nd April   
  8. Like
    KDave got a reaction from Chorlton in Special delivery claims process and experience   
    @Tn21 I would expect the agreed sale on here would be enough to back up the value of a claim. I have not had the misfortune yet, but would be confident that the item would be paid out if I had proof of agreed value and a bank transfer or payment for that amount as evidence. 
    I have only had one issue with a royal mail claim, it was my mistake with a single digit in the postcode; due to covid no signature was required and the item was delivered to a completely different person at a completely different address - but right postcode. This was guaranteed delivery on a 1/10 ounce platinum coin which has never been refunded as the item was technically correctly delivered to the postcode with signature (the postie's) just not the right person and address. An expensive mistake but could have been worse, and a tough one to argue given the circumstances. 
    In the past I have made a claim for a fraudulent sale from eBay, an item I bought from ash that I sold on ebay (kilo silver bar). Item sold, item posted, seller then changed address and claimed the account had been hacked and forced eBay to issue a refund from my PayPal. The silver bar had been delivered at this point to initial address. In the end PayPal covered the sale based on the sold price on eBay under seller protection, so someone in Glasgow got a free kilo and PayPal are out of pocket a few hundred quid. Not much could be done differently just luck of the draw, but seller protection worth the fees in this case. Royal mail didn't get involved in that one but I needed tracking/proof of postage AND the postage receipt for PayPal's fraud team, not just the tracking, so keep all receipts until a transaction is sorted. 
  9. Thanks
    KDave got a reaction from Tn21 in Special delivery claims process and experience   
    @Tn21 I would expect the agreed sale on here would be enough to back up the value of a claim. I have not had the misfortune yet, but would be confident that the item would be paid out if I had proof of agreed value and a bank transfer or payment for that amount as evidence. 
    I have only had one issue with a royal mail claim, it was my mistake with a single digit in the postcode; due to covid no signature was required and the item was delivered to a completely different person at a completely different address - but right postcode. This was guaranteed delivery on a 1/10 ounce platinum coin which has never been refunded as the item was technically correctly delivered to the postcode with signature (the postie's) just not the right person and address. An expensive mistake but could have been worse, and a tough one to argue given the circumstances. 
    In the past I have made a claim for a fraudulent sale from eBay, an item I bought from ash that I sold on ebay (kilo silver bar). Item sold, item posted, seller then changed address and claimed the account had been hacked and forced eBay to issue a refund from my PayPal. The silver bar had been delivered at this point to initial address. In the end PayPal covered the sale based on the sold price on eBay under seller protection, so someone in Glasgow got a free kilo and PayPal are out of pocket a few hundred quid. Not much could be done differently just luck of the draw, but seller protection worth the fees in this case. Royal mail didn't get involved in that one but I needed tracking/proof of postage AND the postage receipt for PayPal's fraud team, not just the tracking, so keep all receipts until a transaction is sorted. 
  10. Like
    KDave reacted to Bumble in Chart Of The Day thread   
    Bloomberg published this chart, showing how in recent months money has been flowing into BTC funds and out of gold funds. There are two separate scales.

    I modified the chart to put both on the same scale. It is true that money has being flowing out of gold funds, but only a fraction has been flowing into BTC funds.

  11. Like
    KDave reacted to sixgun in Never done this in my life   
    Irresistible.

  12. Like
    KDave reacted to Stuntman in The Royal Mint is out of all silver bars   
    I suspect that some stock will magically appear once the silver price climbs back about £20 per oz...
    In the meantime, there are always ETFs and similar.  
  13. Like
    KDave reacted to Roy in 100 pieces of gold   
    I've acquired 40 x 1/25oz gold coins which amounts to about 50g or 1.6ozt so I am on my way!
    Whilst this weight of coin is usually an inefficient way of stacking, I've maintained a £40.45/g average (£1258/ozt) by buying on the forum.
     
  14. Like
    KDave reacted to HerefordBullyun in Lithium and Uranium and green energy investments   
    Ive mentioned it before GCL gieger counter 
  15. Like
    KDave reacted to sixgun in GameStop / Reddit News   
    GameStop reported earning last night - crappy figures as expected. The stock is tumbling - as expected as reality sinks in. The chatter on Reddit is so inane - a lot of naïve people will have lost a lot of money. The company is not a viable concern but it has been viable for me to keep selling calls - i suppose it was good whilst it lasted.
    Look at this insanity.
    https://www.reddit.com/r/wallstreetbets/comments/mc5ku7/this_is_how_i_start_my_day_also_watch_it_again_as/
     
  16. Haha
    KDave reacted to AndrewSL76 in Three graces coin   
    Holy moly, @1stsovereign.............that’s absolutely filthy. Should be R rated with ID checks needed to view it.......you can go to jail for sharing films like this.
  17. Like
    KDave reacted to 1stsovereign in Three graces coin   
    Beginning of the weekend treat The Three Graces:
     
  18. Thanks
    KDave reacted to Bumble in Gold Monitoring Thread $ (USD) only   
    I'm not usually a big fan of drawing lines on charts. I've tried to understand technical analysis, but it looks pretty wooly to me. I do believe in the bubble curve, and the gold price peak in 2011 was a classic example of the bubble curve in action. So, just for the sake of a pessimistic assessment of gold's prospects, I made the chart below on the basis of the conjecture that 2020 was also a bubble. So what would happen if we have a long term uptrend, starting from 2000-2002, and a bubble in 2020 which pops this year? The two blue lines show possible upward trend lines. The two magenta lines show possible trajectories for gold, one on the basis that the bubble is popping straight down, the other on the basis that bubbles usually have a second smaller peak. The result is that we could see gold fall to $1400 to $1600 by the end of 2021. As I say, bear in mind this is a pessimistic view, which assumes that 2020 was just a bubble, so it might be regarded as a worst case.

  19. Like
    KDave reacted to Stu in My first trade - Shell / BP   
    If it wasn’t for my oilers and precious metals, my portfolio would be totally under water at the moment. Even my HSBC world tracker is displaying numbers in red, who’d  have thought!
    Actualy BTL equity will be up also I guess but tend to forget about this. Really starting to see the benefit of the aft discussed, diversified portfolio. 
  20. Like
    KDave reacted to HerefordBullyun in My first trade - Shell / BP   
    Given the fact there is more middle east geo political tensions. I expect oil to rise at an even faster pace. It was the Yemini attack on a Saud Oil facility that pushed brent over the 70 mark. Its going to get worse before it gets better. Having personally spent a lot of more my former career in the middle east, its a hotbed of problems. ISIS to boot and Turkey helping ISIS smuggle oil also. Erdogan is a mass loon, and should be kicked out of NATO. The turkish Lira is absolutely broken also, and is as bad as Greece.
    Western intervention will only make it worse. OPEC countries squabbling over production rates and USA cant produce as much so they will have to buy, again pushing prices higher. Throw in the commodities super cycle in also. Its not looking good if you drive your car a lot or your business is dependant on it.
     
  21. Like
    KDave reacted to Kman in Why is gold so precious?   
    It's all about money
    Lets say for every hour you work you  get one pebble
    That pebble represents an hour of your life you gave up, you can swap it for food  or if you save up enough pebbles you can swap them for larger items
    Whats good about the pebble is you don't have to spend it right away, you can work your whole life until you're not as physically capable, retire and still have thousands of hours of work saved up in pebbles
    To have a civilised society you need money to facilitate trade and to be able to store and log your hard work
    You can't use pebbles of course because you can find them anywhere, what's not just anywhere? gold
    We can all agree we need money and we can all agree gold is perfect for it, that's why it has value, the value is the tool of money
    Its obvious why oil has value
    It's obvious why electric has value
    Money is just as important to humanity that's why gold has value 
  22. Like
    KDave reacted to KevjustKev in Always take the Lump Sum?   
    Life expectancy? Really didn't think I'd make it to 30! Everyday over 40 has been a very unexpected bonus
    Getting stuff to an advisor within the next few days.
  23. Like
    KDave reacted to Clockpuncher in Always take the Lump Sum?   
    What’s the commutation rate - ie how many pounds upfront are they paying you for each pound of annual income you are giving up?
    usually the rate on state schemes is pretty low - eg £12 upfront for each annual £1 forgone or 14x whereas if you look what the market rate to do the opposite is by buying an annuity (ie turn a lump sum in to an inflation linked income for life) then it can easily be 30-40x.
    The inflation index income is a very valuable benefit so don’t give it up lightly.
    As mentioned above, you do need to weigh this up though against your life expectancy and if your health is going to prevent you being around in the long term to collect the rising income.
  24. Like
    KDave reacted to sixgun in Always take the Lump Sum?   
    If you have ill health i would take the lump sum - it is cash you have in hand, not cash you might get. 
    Now for some that sum will be frittered away and they would have been better not taking the lump sum. 
    The trick would be to invest it in such a way that you could liquidate the value if needed but it will grow. Personally i expect many paper assets to go to rat sh it. 
    i have no idea about benefits as i have never received any.
  25. Like
    KDave reacted to Roy in The REAL rate of Inflation?   
    Anyone who thinks inflation is less than 2% must be living in their mother's basement.
    If you own/rent a house, pay the utilities, run a car (or two) and put enough food on the table for a family of four, then you know inflation is hovering around 10%.
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