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Martlet

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  1. Haha
    Martlet got a reaction from HerefordBullyun in JP Morgan caught spoofing silver market YET AGAIN   
    Really.  Unless you have any sensible evidence we'll leave it there.  The Rememberancer is now a ceremonial role, most important thing they do is the Trial of the Pyx. 
    Most amusing thing here is the largest beneficies of the bailout, Royal Bank of Scotland and Bank of Scotland, are headquartered in Edinburgh.  All those insurance companies and pension funds based there too.  So whats going on in the Scottish capital we dont know about, with their own laws, own police and multinational banking? 
  2. Haha
    Martlet got a reaction from Minimalist in JP Morgan caught spoofing silver market YET AGAIN   
    It should be really easy to cite the exemptions then. 
    Most counties have their seperate police force, its really not that important if they are enforcing the same law.  The fixation on this i think is related to US view where jurisdictions and police powers differ and matter.  But i reckon you know that. 
  3. Like
    Martlet got a reaction from jultorsk in Coins of the Realm Auction 19   
    With photos... how is this done?  Do dealers get one and put them up for auction immediately?
  4. Like
    Martlet got a reaction from stefffana in Gold Monitoring Thread £ GBP only   
    Because gold is a hedge for risk, not inflation, and UK data is marginal influence anyway.  Stronger pound today has offset $ increase, partly because oversold and more likely to see interest rate rise. 
  5. Haha
    Martlet reacted to James32 in Gold Monitoring Thread £ GBP only   
    Naf toys for me of course😁
  6. Like
    Martlet got a reaction from dicker in Gold Monitoring Thread £ GBP only   
    Ever is a long time.  Could have a large market adjustment to below £1000 once inflation recedes, we have some interest rate hikes or the £ strengthens considerably (in descending order of likelyhood.  Not likely in the short term though.  The current "floor" is in 1260-1280 range, hard to see support below that though. 
  7. Like
    Martlet got a reaction from NewCoins in HMRC Trawling for Sellers using Social Media   
    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. 
  8. Like
    Martlet got a reaction from silversky in Silver Monitoring Thread £ (GBP) only.   
    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. 
  9. Like
    Martlet reacted to Pete in An impossible question?   
    The way I see it with older sovereigns and half sovereigns is that there was a period until relatively recently ( maybe 8 years ago ) where most gold coins sent to bullion dealers e.g. HGM were simply melted. Since then bullion buyers saw the opportunity to gain a few extra percentage points over scrap metal by selling back their coins. The market for gold coins rapidly grew and dealers started advertising on TV and forums like this spread the word. More suppliers came on the market and with on-line shopping these coins were deemed more valuable than just their weight in precious metals. Therefore the loss of older coins essentially ended say 5 - 8 years ago and few are now sent to their grave.
    Who has all the coins ?
    Dealers want to shift inventory so I assume the bulk is with private investors like us.
    Governments, banks and any other institutions tend to hold good delivery bars so coins aren't of interest.
    Private investors will fall in to several categories -
    (a) older wise savers and investors probably well past retirement and holding their loot for their 'middle-ageing' kids or grandchildrens' inheritance.
    (b) middle aged people who are about to inherit their treasure and will most likely sell to get a quick return. Most will not know any better than to sell to 'we buy any gold' and I guess these buyers of gold will sell on to the bigger bullion dealers who in turn will keep the coins for the resale market.
    (c) others e.g. forum members who believe the slow ramp in scarcity will ensure not only growth in value due to demand and rareity but also a steady increase in spot of gold.
    Personally I believe there are not as many Victorian sovereigns as later era based on the assumption that category (a) has already seen 2 generation cycles and maybe also (b).
    Looking at the prices being asked by most sellers, a higher price would definitely attract more sellers from (b) and sometimes (c). Many dealers seem unable to shift their often overpriced coins so maybe (c) is sitting on the fence.

    Looking back the best time to have purchased reverse shields was 8 - 10 years ago before the bullion dealers saw new demand for collectible coins rather than just any piece of old gold.
    Figuring out the numbers will be impossible I'm afraid.
     
  10. Thanks
    Martlet reacted to SeatonKev in GOLD DEALS - (UK & Europe) See a deal, post it here   
    Just signed up to the forum looking to buy some silver but noticed NMmoney are selling 1oz Baird gold bars for £1359 delivered. Seems a decent price and might be of use to someone.  
  11. Haha
    Martlet got a reaction from VelociteeSteel in HMRC Trawling for Sellers using Social Media   
    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. 
  12. Like
    Martlet got a reaction from FlorinCollector in HMRC Trawling for Sellers using Social Media   
    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. 
  13. Like
    Martlet got a reaction from Gordy in HMRC Trawling for Sellers using Social Media   
    Good. People who fiddle their taxes should have the decency to spend proceeds on the quiet, otherwise deserve anything coming to them.  
  14. Like
    Martlet got a reaction from RustyShackleford in What PM will perform well during the rise of electric cars?   
    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. 
  15. Like
    Martlet got a reaction from HawkHybrid in What PM will perform well during the rise of electric cars?   
    There's no precious metal play here, unless want to count rare earths. 
  16. Like
    Martlet got a reaction from Bigmarc in What is the Value of Silver? Part II   
    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. 
  17. Like
    Martlet reacted to Bigmarc in What is the Value of Silver? Part II   
    https://www.hillarys.co.uk/back-in-my-day/
    https://www.chards.co.uk/silver-price/silver-price-history
    According to chards (your biggest fan) the price of silver was 17p per Oz. 
    Today's price £17.00
    1921.                               2021
    house £320 (1882oz)...£250,000 (14705oz)
    car £270 (1558oz).........£18000 (1058oz)
    food £0.59 (3.5oz).........£5000 (294 Oz)
    wage £178 (1047oz)......£31000 (1823oz)
    food prices seem way off so not sure about that one.
     
     
     
     
     
  18. Like
    Martlet got a reaction from Gruff in Silver Monitoring Thread £ (GBP) only.   
    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. 
  19. Like
    Martlet reacted to Roy in A change of monarch, what happens to the currency?   
    I don't know the definite answer to your question, but I remember George VI shillings and florins being in circulation perhaps up to the '90s?
    The sixpence was currency up to the '80s too?
    Actually, I think George V silver coins too, although perhaps people had cottoned on to the silver content and these were being 'stacked' as early as 1947?
    It was probably decimalisation that killed the King's coins. Folk struggled to understand the old denominations, I don't recall them being particularly worn, although it was a long time ago!
  20. Like
    Martlet got a reaction from AgAuEire in RM next Engraver depiction choices in SILVER   
    This issue is all about silver, both for the full effect. 
  21. Like
    Martlet got a reaction from Spanishsilver in Royal Mint - Great Engravers 2021 - Gothic Crown information   
    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. 
  22. Like
    Martlet reacted to Roy in Silver Monitoring Thread £ (GBP) only.   
    “A man’s right to work as he will, to spend what he earns, to own property, to have the state as servant and not as master—these are the British inheritance.” 
  23. Like
    Martlet got a reaction from jultorsk in RM next Engraver depiction choices in SILVER   
    This issue is all about silver, both for the full effect. 
  24. Like
    Martlet got a reaction from swanky in Silver Monitoring Thread £ (GBP) only.   
    I can see the problem here. Theres a difference between how one would like things to be, and how the world actual works. We adapt to it or howl at the moon about how wrong it all is. That is lunacy. 
  25. Like
    Martlet got a reaction from Frenchie in RM next Engraver depiction choices in GOLD   
    Only affording one in gold I think (like i'll even get in the door), portrait is far more preferable. 
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