Martlet

It is subjective, because its not easy to be definitive on trading. That said the guidance is easy enough and rule of thumb is if you're not making a living, or regular income, its not trading. Which is good, because you dont want to be paying income tax on a few ebay sales. You will have to consider CGT, where you get a another allowance of 12k before paying anything, and pay half the rate. Unless you made 12k profits elsewhere, you'll pay no tax on that 5k profit.

Inflation is a measure across all gods and services. Petrol prices are not a good indicator of inflation, being dictated by oil prices. Oil has doubled in the past year, 30% up from a dip in August. That is itself a large contributor to inflation, because its an input cost to so much as a material or for transportation. Like fertiliser and foodstuffs. And the reason for oil price increase is restriction of supply, in part from OPEC+ keeping production tight and in part US not permitting fracking to restart after the Covid shutdown. The past 10 years, subject of the tweet, has seen inflation average around 1.5%-2.5% depending on country. Significant inflation is maybe 5-6%+ sustained. In a robust economy a few % is absorbed by efficencies and doesnt cascade into the next cycle. Hyperinflation, that everyone fears, is at least double digit. Even then thats not the sort of numbers we see in places like Venezuela, more hyperbole than hyperinflation. The other fear many economist have is that as the price increased are from supply shock (stuff not being made), rather than increasing demand, we could very quickly flip from a modest inflation to deflation.

That was not the claim in the tweet. It's an explaination of why there has not been significant inflation since 2008, despite quantative easing increasing wide money. It's demonstrably true.

Charting is the emotions of trading. It's taking a cue from the trend to gauge where or how far the herd will go next.

Reckon the best that can be done is to arrive a maximum possible. Number minted minus known melting, which im sure the mint records (though published?). Exports as noted would also be reasonable to subtract. After that difficult to see how anyone could confidently guesstimate how many have survived over a century. I recall seeing a similar attempt for silver morgans recently, full of assumptions and guesses without much in the way of justification.

Are we questioning if the Kinesis silver vault is genuine? Maguire says it's 1000 oz, they're all the same size and shape, though he does seem to lift with ease. Having just watched an "unboxing" of some 1000oz bars, i'd wager the ones in this video are considerably lighter, and i'd say smaller.

Nobody told them about silver?

I recall fiscal year 2019/20 the UK deficit was about £11.5bn. The calculated Scottish deficit was £11bn. It's going to be a very tricky budget to balance when the Scottish Nationalist Party have their way. Especially now they are promising to go green, so all that oil will stay where it is.

Social media is there because free market made it so and people want to use it. Can't have government intervening, controling what people post or how the data is used.

The Crown lands refered to are the vast stretches of Canada, Australia, coastal area of UK and a few other bits and pieces left over from the commonwealth. Mostly not economically viable boreal forest or desert, and where they are (forestry or mining), the economic activity is taxed locally. They are own by the Crown in name, in practice owned and run by those nation's governments.

Producing goods domestically or overseas has nothing to do with taxation, and a peculiar conflation of issues. We had tax when we were the manufaturing hub of the world, and those places have taxation of their own. The idea of a tariff to pay for basic services would mean only the well off could afford them and harks back to feudalism. Public goods and quasi-public goods should be paid for by the state, and that necessitates some taxes to pay for them, long established principle by proponents of sound money. I see from the quoted Mises text you agree with this too. All the more odd to make the original point about tax being about economic failure.

Public services without any public funding from taxation? Private roads, private police, private fire brigade, private refuse collection? Schools, health, army all run as a business? Does not sound like much fun, and nothing ecomomically sound about that. There's nothing "Keynesian" about having taxes and public expenditure, been going on forever. This term seems thrown around as an insult without understanding what it is. Certainly isnt what we have today, Keynes advocated paying back all the debt in short order after the economic stimulus had taken effect.

There have always been taxes with or without central banks. They are a consequence of governement, whatever form. Now, there are taxes that come from poor economic principles, thats a very different case.

Good. People who fiddle their taxes should have the decency to spend proceeds on the quiet, otherwise deserve anything coming to them.

This is not the solution. Two problems, firstly there is still the matter of total generation capacity, time shifting only smooths out the peaks. Secondly, if we have a couple dozen million EV set to charge overnight, that will be the peak hours. If you look at total energy use and current capacity, how much is used in transportation (UK), we'll have to roughly double generation to replace petrol and diesel. Too much focus is on realtivly minor issue of how to charge, without looking at this massive infrastructure shortfall.

There's no precious metal play here, unless want to count rare earths.

That's a great link, well presented data. Not sure where your got 2021 numbers from. When i ran, food gave £23, and looking at the break down i'd say thats Waitrose prices (or even Harrods). For the per ounce of silver, 1921 would have been 3.1 oz for the basket, 2021 would be 1.4 ounces. Purchasing power of silver in the supermarket has doubled in 100 years. Interesting one is petrol, usually see this as driver of inflation. Both the US example and this UK one show a large fall in prices of petrol, once you account for taxes applied today that weren't then.

Questions about what you can buy with 1921 silver are potentially loaded. Here's something from US publication Country Living https://www.countryliving.com/life/g33398396/what-things-cost-100-years-ago/?slide=12 Its a mixed bag. Property have increased a great deal, while basics foodstuffs cheaper. Notable that a car is a lot more expensive now, though if you were to look at one from China i suspect it may be closer price. Thats because a large amount of costs in developed world are labour, pensions and regulatory costs. So to silver today, its worth $23.20 at time of writing. The cost of production, energy, transportation, labour, machinery, leases, etc have all changed a great deal in 100 years. Simple comparisons are flawed and open to manipulation if you want to make a point.

Or can understand the difference between demand side and supply side pressures. Like, for example, price of oil going up not because of demand increasing but supply being restricted.

Some one did manage to extract the numbers for the first 3-4. Then RM decided it was a state secret and wouldnt share anymore. Search interwebs for freedom of information request relating to Queens Beasts.

You'd have to read the wiki or other sources for the detail, its a bit obscure. Its to do with the seperation of state and Fed and what the government can do. The Fed can and does issue notes, with rules. The Treasury, that has the debt, and isnt allowed to issue notes but can issue coins.

I was trying to work out if this is bonkers or genius. I read that its technically plausible, though seems like pandora's box. The more legit way to do it would be to sell the coin as a numismatic interest, since there arent many trillionaires around, do a $billion coin. Sell a few hundred for $2bn a pop, ultimate collectors item.

This issue is all about silver, both for the full effect.

Only affording one in gold I think (like i'll even get in the door), portrait is far more preferable.

I'd go with a mix of sets and seperate. Covers the market better, sets only would make them expensive. I'd also expect a higher mintage as its effectively two seperate issues.