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Martlet

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  1. Like
    Martlet reacted to ProfessorStacker in Reverse proof gold Libertads   
    Added 0 minutes later... I got my reverse proof libertad results from NGC today RP 70s for the 1oz and 1/2oz. I am very happy.
  2. Like
    Martlet got a reaction from Paul in Advice on £4k Diversification   
    25% is bonus is adding to wealth, unless inflation goes up substantially and/or gold price goes up 25%.  But get some gold as a hedge, though im personally reluctant at the moment waiting for £:$ to reverse. Split spare income into lifetime ISA, savings (for liquid access), and gold/silver, weighted to that lifetime ISA.
  3. Confused
    Martlet reacted to Paul in Advice on £4k Diversification   
    As most will agree here, im a black sheep a lone wolf.  I dont follow the herd. Think for yourself.  School and uni's learn you to be one of the heard another tax payer another useless eater 
    Firstly it is very, very rare you will become rich working for someone else unless you make it up the greasy pole to the top CEO etc
    Instead, create yourself a mathematical equation that "scales", then work that equation to death while acting, assessing, and adjusting along the way.
    Few people understand that all of our actions and career decisions implicitly tie us into an equation.
    This equation can be relatively simple or extremely complex.
    At the end of the day, it will be your self-directed EQUATION that determines how much wealth you can (or cannot) accumulate.
    Equations that scale make their owners rich.
    Equations that do not, make their owners slaves to the system of “trading time for money.” ie working for a set wage each week/month
    The beauty of this equation is that you can control its basic variable parameters.
    But most people DO NOT because most people don’t even realise this equation exists as you are not taught it in school 
    If you decide to get a job at McDonalds/Tesco and are paid £10/hour — congratulations, you just created yourself an equation to which you are now bound to:
    Monetary Wealth = (rate of pay) x (hours worked)
    If you work 37.5 hours, your equation is £10 X 37.5 hrs, which equals £375
    If you go to uni and accumulate £50K in debt so you can have the privilege of earning £40K/year, congratulations, that’s your new equation.
    Monetary Wealth = (hourly salary) X (years worked)
    To complicate the mix, you are then suggested to save your money and give it to Wall Street/Stock Market.
    There you get another equation:
    Monetary Wealth = Market investments X annual ROI
    This mainstream advice is the standard prescription for mediocrity.
    And it’s clearly not a method to create monetary success in the short terms but the long term
    As you can see, the problem with “trading your time for money” or “Wall-Street” as a conduit to wealth is that the variables are extremely limited and uncontrollable.
    You simply cannot work x3,000 hours at McDonalds in one week.
    You cannot force McDonalds to pay you £1,000+ per hour.
    You cannot ask Wall Street to give you a +4000% return.
    There are only so many hours in a day, and years in a life.
    And herein lies the lie behind uni: Young people are told to go to uni so they can increase their PER HOUR rate from £10 to, say, £25 or even£30 may be considered a good hourly wage.
    Or if they go into more technical fields (STEM stuff) they get away from hourly to annual pay. Now instead of making £50/hour, they make £50,000/year.
    The problem STILL remains.
    TIME CANNOT BE SCALED.
    You cannot work x1000 hours in day.
    You cannot live to be x500 years old.
    You cannot ask Wall Street to give you a +4000% return in one year.
    You cannot ask your employer to give you a raise from £50K/year, to £500K.
    Your hands are tied because the equation you’ve given yourself SUCKS.
    Instead of trying to scale time (more debt to earn a better education to earn a better paying job under an annual salary regime) start scaling units— units separate from your time.
    This means you become a creator of relative "value".
    Value ££ is the result of people pleasing or problem solving.
    Creators produce products, services, books, information, inventions, it doesn’t matter so as long as:
    A) Your creation can eventually become separate from your time.
    You can scale your creation to a level that can change your life.
    The other metric is relative value.
    Sure your blog full of fitness tips my be valuable— but it isn’t relatively valuable because the web is filled with ‘em.
    Whatever you create, it must be relatively valuable in the global pool of options.
    This doesn’t mean you have to be the next Steve Jobs — it just means to skew value on one or two attributes; faster shipping, improved operation, better logistics, better service, better UI, better this, better that.
    Entrepreneurship is about improving, more so than inventing the next hot thing.
    So let’s assume you invent a cool new widget that appeals to women who are mothers.
    Your equation now becomes:
    Wealth = Widget Profit X Widgets Sold.
    This is where things change.
    Now you can SCALE a part of your equation. There are billions of mothers on the planet. Additionally, you control your widget operations and can fiddle with pricing, sourcing, and other operations integral to your widget.
    So if you sell 100,000 widgets at £5 profit each, you just earned £500,000.
    If a IG influencer raves about your product in IG and you get a rush of traffic for 1 week, selling +4,000 units, you make £20K+ in week.
    Your ceiling for wealth can be influenced by your execution, marketing, and decision-making. You cannot do this under a “time trade” regime.
    This is how you create wealth beyond the BS preached in the mainstream (get a job, save your money, invest with Wall Street for 50 years blah blah)
    Of course I’m not suggesting this is easy.
    The key is to change the equation, change the probability, and change your potential outcomes. Nothing is easy, but neither is getting up at 6AM, fighting traffic for 50 years, and retiring with a gold watch on 50% of your income.
    And when you move to a “unit” metric, your markets expand beyond your local city — so what not appeal locally, might appeal globally. 
    Here’s my SIMPLIFIED equation for wealth currently. (Actually it’s much larger but I think you get the picture.) The sum is its many parts and always in development.
    (bup)(bs1)(bc1) + (bup)(bs1)(bc2) + (bup)(bs1)(bc3) + (bup)(bs1)(bc1) +(bup)(bs1)(bc4) + (bup)(bs1)(bc5) + (bup)(bs1)(bc6) + (bup)(bs1)(bc7) +(bup)(bs1)(bc8) + (bup)(bs1)(bc9) + (bup)(bs1)(bc10) + (bup)(bs1)(bc11) +(roy1)(bs1) + (roy2)(bs1) + (roy3)(bs1) + (roy5)(bs1) + (roy6)(bs1) + (roy7)(bs1) + (roy8)(bs1) + (roy9)(bs1) + (roy10)(bs1) + (roy11)(bs1) + (roy12)(bs1) + (roy2)(bs2) + (roy2)(bs2) + (roy2)(bs2) + (bup)(bs2)(bc1) + (bup)(bs2)(bc3) + (bup)(bs4)(bc2) + (bup)(bs5)(bc2) + (bup)(bs2)(bc6) + (bup)(bs2)(bc2) + (bup)(bs2)(bc2) + (bup)(bs2)(bc10) + (bup)(bs2)(bc2) + (wt)(webconv)(ad1) + (wt)(webconv)(ad2) + (wt)(webconv)(ad3) + (webtraffic)(insconv)(insfee) + (inv1)(roi1) + (inv2)(roi2) + (inv3)(roi3)+(inv4)(roi4) +(inv4)(roi5) + (inv5)(roi4) + (inv5)(roi5) + (inv5)(roi5) + (inv6)(roi6) + (res)(avg-app) + val(biz1)(pe) + val(biz2)(pe) + val(biz3)(pe) + altcoins(value) + altcoins(value) + altcoins(value) + altcoins(value) + btc(value) + eth(value) + …
    Most of those variables listed above I can CONTROL and SCALE.
    1) Create relative value.
    2) Don't chase Money ££,  money/cash is a direct result of being a "People pleaser", a solver peoples pain points and problems.  Money is everywhere and people will gladly throw money in your direction for pleasing them and solving their pain points whoever big or small.
    3) Recognize your equation.
    4) Work the equation.
    5) Act — Assess — Adjust
    6) Repeat +
    That my friend is how you create monetary wealth QUICKLY
     
  4. Like
    Martlet got a reaction from jultorsk in Metals vs Crypto: Trends, Potential and Priority   
    Bitcoin has a use for transfers but i'm not convinced on its long term use (despite spending a lot of time watching the markets).  Most of the benefits are isolated for small groups, particular scenarios.  There is no fundamental benefit for Bitcoin over cash or cards, for the vast majority of people, and the infrastructure gets in the way.  However cypto tech is going to have influence in the future. The emerging STO class (security tokens) is interesting, opening up investment to a wider audience.  More common will be use in online games for trading, proof of rarity for valuable items. 
    One thing that always gets me thinking is the basic economics.  Currently value is being driven by speculation, if you actually use the currency there is an immediate selling pressure from people liquidating to local currency.  Unless there are entire supply chains, business, workers, shops and services, making a transition to Bitcoin/other crypto, it doesn't gain real use. I dont see how it does that, chicken and egg situation. One day everyone will wake up to the false premise of bitcoin having any store of value, the limited supply and deflation are contradicted by they many thousands of other cyprocurrencies.  May as well use leafs. 
    But until that realisation, ride the train hopefully theres one more big pump 
  5. Like
    Martlet reacted to HighlandTiger in Climate Change - Fact, fiction or somewhere inbetween   
    As someone who has probably shifted through the climate change data more than most,  and as someone who works in conservation, and seen the effects first hand on wildlife I can assure you that climate change is 100% real.
    However.......the argument is how much is man made and how much is the natural cyclical warming and cooling the earth normally goes through.
    Now here I'm going to stray a little from previous posters and the eco protestors ends of the argument and come up right through the middle. The earth is currently in a warming stage, and has been since the younger dryas event about 12,000 years ago. With a few dips in temperature, since then caused in the main by huge volcanic eruptions that have lowered global temps for a few years here's are there. But in the main it's been steadily increasing. In the last few decades the temps have suddenly shot up, now this is not a natural phenomena, there have been no natural events to have caused this. This can be attributed 100% to an increase in co2 in the atmosphere. Now normally an increase in co2 wouldn't be an issue as co2 is the lifeblood of plants, and this would soon be mopped up by an increase in plant growth, but man is chopping down the forests. In other words man is hitting the earth on two fronts, increased co2 and destruction of plant life. This is what has caused the spike in temps. 
    The problem is, that this temp increase would have happened anyway, through the natural cycles, what should have taken 100-200 years we've created in a decade or two. 
    But changing from fossil fuels and going vegan isn't going to solve the problems from temperature increases. With the world's population increasing by the day, we simply won't have enough space to house people, grow enough food for a world population of vegans, and build all the wind towers and solar farms. (and we still have to sort the electricity storage problems. We need the batteries storing electricity for when there is no wind or its cloudy)
    As the poorer nations get richer, energy consumption will increase, and we run into another batch of problems.
    Climate change is not the enemy but increase in world population is. 
    But in the long run, in a million years, a blink of the eye in the earth's existence, man will no longer be here, but the earth will still be teeming with life. And I have no problem with that.
  6. Like
    Martlet got a reaction from Goldhooked in Selling Silver & Gold as a hobby or a trade - it really matters so take heed!   
    Sort of, the money usually only stays untaxed if it remains offshore.  Bring onshore and taxes become liable.
  7. Like
    Martlet got a reaction from mr-dead in Daft question, gold bars or coins   
    When looking for best premium pay close attention to postage.  The cheapest may not be once you have one delivered. 
  8. Like
    Martlet got a reaction from DarkChameleon in Daft question, gold bars or coins   
    When looking for best premium pay close attention to postage.  The cheapest may not be once you have one delivered. 
  9. Like
    Martlet got a reaction from goldmember44 in Daft question, gold bars or coins   
    When looking for best premium pay close attention to postage.  The cheapest may not be once you have one delivered. 
  10. Like
    Martlet got a reaction from ChrisSIlver in Daft question, gold bars or coins   
    When looking for best premium pay close attention to postage.  The cheapest may not be once you have one delivered. 
  11. Haha
    Martlet reacted to FoolzGold in 2019 Perth Mint Next Generation   
    Wait, there are elements of Australian wildlife that aren't either vicious or lethal or both? I assumed even the butterflies down there are venomous and/or drink your blood. 🦋😨☠️
  12. Super Like
    Martlet got a reaction from BackyardBullion in The "it's just bullion" defence - scammed by dealers?   
    If its being sold as a Premium coin, advertised as in mint condition etc, etc its wrong to ship something i substandard condition and claim its bullion after.  Though if its sold as is, with a higher price due to scarcity, its bullion with a high premium.  
  13. Like
    Martlet got a reaction from Shaunbarry in New European Mint Group Orders - OPEN NOW!!!   
    For anyone concerns about Transferwise or Revolut, can say they are both easy to use and useful if ever wanting currency transfers for other purposes.  Transferwise is easier for me as its PC browser based, better UI, and you can fast payment from debit card for about £1 added fee - no waiting a day for bank transfers to the account.  
    On subject of European Mint, some feedback if you can encourage them to expand their selection, particular the Rwandan series and Libertad are noticably missing. 
  14. Like
    Martlet got a reaction from firestacker in I made a huge mistake - assay test failure!   
    I dont follow why it couldn't be marked at lower purity?  Presumably it failed a test for "this is 24 ct gold", but would have passed "this 22ct" and could have gone on for the drilling test.  I see in comments that its closed now, I suppose the question is why this wasn't explored further, or go into more detail on the assay process?
  15. Like
    Martlet got a reaction from jonrms in I made a huge mistake - assay test failure!   
    Following with the sentiment above, i dont think it detracts from the brilliance of the bar either way.
  16. Thanks
    Martlet got a reaction from BackyardBullion in I made a huge mistake - assay test failure!   
    Following with the sentiment above, i dont think it detracts from the brilliance of the bar either way.
  17. Like
    Martlet got a reaction from Pipers in I made a huge mistake - assay test failure!   
    I dont follow why it couldn't be marked at lower purity?  Presumably it failed a test for "this is 24 ct gold", but would have passed "this 22ct" and could have gone on for the drilling test.  I see in comments that its closed now, I suppose the question is why this wasn't explored further, or go into more detail on the assay process?
  18. Like
    Martlet got a reaction from kimchi in I made a huge mistake - assay test failure!   
    I dont follow why it couldn't be marked at lower purity?  Presumably it failed a test for "this is 24 ct gold", but would have passed "this 22ct" and could have gone on for the drilling test.  I see in comments that its closed now, I suppose the question is why this wasn't explored further, or go into more detail on the assay process?
  19. Like
    Martlet reacted to savoyard in Wiki leaks founder arrested   
    The fact that the only people left to defend Assange are:
    - Russia
    - The Alt Right, and
    - Diane Abbott
    tell the whole story.
  20. Haha
    Martlet reacted to DarkChameleon in Safe model - More gold, less silver?   
    Take all your silver and melt it down and then make it into a safe, then keep your gold inside the silver safe...a thief's head would explode when they saw it...lol.
  21. Haha
    Martlet reacted to trozau in Safe model - More gold, less silver?   
    Recommend just keeping gold inside the safe. Silver has too big a footprint for its price to volume ratio to warrant being kept in the safe. Use them as door stoppers (LOL).
  22. Like
    Martlet reacted to SiliconToad in Selling Silver & Gold as a hobby or a trade - it really matters so take heed!   
    Sort of interesting that there is even an option to sell precious metals for a profit without paying any kind of tax on the sale in the UK. That actually makes silver/gold a reasonable vehicle for long term saving if you can minimize the front-loaded tax. 
    Here in the States, profits from gold, silver bullion coins or even US "junk" coins have to be reported for capital gains tax. Doesn't seem to apply across the pond, but US gains tax always made me wonder why heavy stackers are so convinced that precious metals "preserve wealth" as Uncle Sam takes 20+% of the un-adjusted dollar profits from the buy/sell spread, and that's even if silver prices don't keep up with inflation at a given sell point.  Sure, small-time stuff can go under the radar if one is less than scrupulous, but the folks trying to divest a life-time of stacking in their golden years are going to raise flags. 
  23. Like
    Martlet got a reaction from augur in Wiki leaks founder arrested   
    Normally you have to be in a country's jurisdiction for the offence to stand.  Also he'll claim first amendment anyway, he didnt obtain the material anyway, just published.  I recall a very long learned article from US lawyers on this, i was left with the impression a case wouldnt make it to court let alone an application for extradition.  Upto until now theres been no warrant only threats of one, so i dont know what changed. 
  24. Like
    Martlet got a reaction from StackSellRepeat in Wiki leaks founder arrested   
    Normally you have to be in a country's jurisdiction for the offence to stand.  Also he'll claim first amendment anyway, he didnt obtain the material anyway, just published.  I recall a very long learned article from US lawyers on this, i was left with the impression a case wouldnt make it to court let alone an application for extradition.  Upto until now theres been no warrant only threats of one, so i dont know what changed. 
  25. Like
    Martlet got a reaction from StackSellRepeat in Wiki leaks founder arrested   
    Silly really, holing up like this for 9 years and in the end upsetting the Ecuadorians to the point they kick you out.  Disappointed the US have requested extradition as best punishment they could give him would be to ignore him.  Not clear how he could stand trial there anyway as never committed offence in the US, so interesting to see how this plays out.