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Martlet

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  1. Martlet

    Next queens beast?

    For some reason I believe the next is the Greyhound of Richmond, though i'm unsure if i have read this somewhere or imagined it.
  2. Martlet

    Some Musings on Gold

    On the matter of production i read this week about recycling. I knew this happens but I didn't realise quite how productive it is, upto 350g per ton compared to an ore mine producing 8g/ton is considered high quality ore. I wonder how much of that filters through in the numbers or gets missed.
  3. Martlet

    Should you clean coins?

    There's toning, patina, and then there's dirt. I think if they're of little, low value, clean away if it makes you happy. Not harshly, just some soap, cleaning fluid, rubber. And of course "properly" cleaned means its acceptable when done by the grading company for a large fee.
  4. Martlet

    Brexit means Brexit

    Only in English. Go to another language and these sort of links disappear. I dont know if shoes are universally linked to death, its a new one to me.
  5. Martlet

    Brexit means Brexit

    Brexit is failing because the proponents spent 25 years calling for us to leave but did nothing to plan how to implement that. Even now, two years on from the vote they dont have coherent policy or planning on how to manage the transition. They have let us down badly, Brexit is dead.
  6. Haven't watched, but the premium on copper bullion is outrageously high, about 10x spot. Perhaps buying wholesale would offer a better pricing. Its good for collectable rounds and pouring own designs though, where the product will still be cheap even accounting for material premium.
  7. Martlet

    Kinesis Gold and Silver currency

    Well quite, we dont know if this concerns redeemable bonds as noted, unallocated or allocated holdings, if a outright refusal or requiring some time for withdrawal. Into this information vacuum much speculation follows. The interesting one is that its prelude to a bank bail in. This is disingenuous as bail-in relates to cash depositors and bond holders both being creditors of the bank, so can find their credit used to shore up the balance sheet. Allocated gold does not belong to the bank, the owner is not a creditor. To take this gold would be introducing confiscation.
  8. An advisor emailed thier minister that it was a "good day to bury bad news", and the department did release some news/numbers that weren't great. The news was so trivial we only remember the cynical spin.
  9. Do you seriously believe a couple ill in Wiltshire, for any reason, would distract the politicians, press and public from Brexit?
  10. Authorities covering up a cockup seems very probable. Doesn't explain any notion of switching vehicles though.
  11. Martlet

    New Coin from Scottsdale - Sea Horse

    Odd, i'm sure i saw another seahorse coin this week, though cant find it now. Its an odd subject for a coin.
  12. I would point out we have preconceived notions of how accidents, incidents should look or sound. Mostly from film and TV that like to play up imagery and sound. I dont know how the front of a truck thats collided with many people should look. I know from car/animal collisions it can be pretty minimal to non existent. What's interesting is you state you know people were killed in the incident. If you know this, but doubt this lorry involved, that supposes another vehicle involved, and i wonder why "they" would switch vehicles.
  13. Martlet

    Kinesis Gold and Silver currency

    Its true I was skeptical, though have come round to the concept of the KAU itself. I remain suspicious of the path they are taking, and there is little to gain trust when they have been less than transparent about the delay. Bottom line is, i'd rather keep the $ in my pocket to buy actual KAU rather than fund the startup.
  14. Martlet

    Kinesis Gold and Silver currency

    ICOs are launching every week raising $10-30m, only a fraction of which is for those purposes (the rest being the currency itself usually). If Kinesis have no problem with funding, they should be able to find VC funding for startup. You also highlight another issue, that the wallet, exchanges, blockchain integration are apparently not yet started. So they'll have a 4 month window to do quite a lot of technical implementation, which many blockchain startups will take up to a year to deliver (or not, as so often the case). I can see why this is necessary, thats partially what i'm refering to, the funds are to prime the market. So they buy $200m of gold (not 50t by long way) to have on hand and funds for market making and liquidity. The question is cant they do this with a base of $20m and grow? Or even just $2m? Isn't the whole objective to buy new gold on ABX exchange and commit it to KAU as you go? Instead people are paying to fill the vaults with gold which no one actually holds any title to, on the premise people will then buy it from there rather than elsewhere.
  15. Martlet

    Kinesis Gold and Silver currency

    Kinesis could launch without the need for this pre-pre-ICO funding round. The KVT is not, or should not, be a dependency to create the systems for minting, deposits, buying, selling of gold back tokens. The $300m is unnecessary, other than to run a large market making operation to support trading at the start. And lack of transparency around the reasons for delay should receive far more scrutiny than it is.