Keenstacker reacted to MikeSol in 1964 South African Proof Set
I have for sale a 1964 South African Proof set (some toning/copper spots).
Price is £140 for the 1 Rand and the Silver + Base proofs.
Or to split.
2 Rand Gold Proof - SOLD 1 Rand Gold Proof - £120 Silver + Base Proofs - £24 Prices excluding postage.
Payment by Bank transfer or PayPal F&F
Keenstacker reacted to Vern in Ending soon - Offers-Nice & Chunky 5 kg Umicore Silver Bar
Yes to prevent copy
By the way testing on these is fine - acid tests welcome - drilling at local jewellery store at buyers cost also fine if prearranged with me
Keenstacker reacted to Vern in Ending soon - Offers-Nice & Chunky 5 kg Umicore Silver Bar
I thought it would be obvious....
I cant speak for everybody else but I do it for security reasons.
Does my potential buyer want his serial number known to anybody and everybody, I think not.
If he / she doesn't care either way they can then show it off as they please.
Keenstacker reacted to fehk2001 in Ending soon - Offers-Nice & Chunky 5 kg Umicore Silver Bar
Some one may copy , same as coa , slabs there are plenty of copies out there
Keenstacker reacted to Sovsaver in Ending soon - Offers-Nice & Chunky 5 kg Umicore Silver Bar
I wouldn’t, but maybe I’m naive.
Keenstacker reacted to Lowlow in Advice for a total beginner in stocks / shares
My advice, stay single and don't have children, and don't start living an expensive lifestyle, do that and you've already won.
Having said that, the best investment for most people is buying debt.
What kind of debt ? What if I told you that you could invest in debt that would pay you 15-20% interest, have zero chance of default, and would give you peace of mind all at the same time, would you invest in it ? That's the situation if you purchase you OWN debt i.e. pay off your own credit card. There's no mathematical difference between buying a debt instrument that pays 15% interest and paying off your own credit card to save yourself from paying 15%, the math is the same, so if you have credit card debt buy the best investment you have available to you ... your own credit card debt.
Then once you've paid off your CC debt, buy other debt that you owe. If you are paying 8% on a loan, or 5%, you're not likely to find a better note to buy than your own debt at that rate, not without taking risks ... and you know you aren't going to default on yourself, so your own debt is a perfect investment.
Same with a home mortgage. If you can't find a debt investment that pays higher interest than what you are paying on your own home mortgage, with comparable risks associated with it, then you are better off paying off your own mortgage than investing in lower paying notes. It simply makes NO sense to invest in a certificate of deposit paying 1.5% if your own mortgage is costing you 3%, that makes NO sense at all. There is no mathematical difference if you had your home paid off and decided to mortgage it at 3% so that you could invest in a certificate of deposit paying 1.5% ... you would never make that decision, but that's exactly the decision you've made if you choose to get something like a CD without first paying off your mortgage.
Stock investing, same thing. Buying stocks (shares) before you've paid off all the debt you have is the same mathematically as if you borrowed money from the bank so that you could buy shares, and would you do that if your debts were paid off ? Yes, you might make 10% in the stock market, or it might go into a bear market and you could lose money ... everyone is a stock market genius at a market top, not so much once the bear starts chewing your face off.
All that said, if you don't have a penny in debt ... have at it! The world is yours. Once you are in the black you can start investing in whatever you want at your age, you are young enough to lose money and have the chance to start over from scratch. I highly recommend "The Richest Man in Babylon", available as a PDF online for free (search "the richest man in babylon pdf"), available in any bookstore in the United States, probably available in any bookstore in the English speaking world (and beyond ?).
The other book I would HIGHLY recommend if you are going to be speculating in stocks is "The Disciplined Trader" by Mark Douglas. Trading stocks (not buy and hold, but actually moving in and out of positions), futures, options, etc, is mostly about your own mind and how you react to what is going on, and this book is about disciplining your own mind, understanding yourself and how your ego and feelings influence your own behavior in the markets. Most don't know this, but the overwhelming number of people who trade the markets LOSE MONEY, they do WORSE THAN CHANCE, and this book explains why that happens. That is not an exaggeration, you could literally write a computer program that randomly buy and sells stocks and do better than the overwhelming number of people who actively trade stocks, because their own feelings work against them in the markets.
Just my opinion.
Keenstacker reacted to JB3 in Advice for a total beginner in stocks / shares
There's plenty of evidence that 'time in the market' beats 'timing the market'.
Indeed, the Times did a retrospective study of three (fictional) people putting a fixed amount into the market, buying a FTSE tracker, each year. The first bought at the top of the market, the second bought at the bottom (so got more for their money) and the third just put a little in each month.
The guy who bought at the bottom significantly out-performed the guy who bought at the tops, as one would expect.
However - the one who just bought when they could did best of all.
Dividends. Everyone forgets dividends but, over the long term, they form the majority of the increase value especially if you are buying blue chip / large cap stocks.
But you get zero dividends on the side lines, waiting for the bottom you will never see until it's passed.
'The best time to invest in the market is when you can.'
I still only have about 25% of my investments in stocks - I split them equally between stocks, bonds, hard assets, and cash - but I never try to time the market.
Keenstacker reacted to MrGeorge in Advice for a total beginner in stocks / shares
I would recommend reading a book or two first. I recently read the book unshakable and the little book of common sense investing, booth really good books. I dont know why people are recommending silver and gold when your asking advice of stocks but me personally i went with a global all cap isa index fund after doing my research and i would recommend isa index funds and dont listen to people saying there overpriced and at all time highs. Stocks are at all time highs every year, so best to get in sooner than later but obviously do your own research first and maybe join a stocks investing forum this probably isnt the best place to ask advice.
Keenstacker reacted to Lowlow in The lifecycle of a sovereign country
Ca .. can ..can't .. st-o-p .. wa..wa-tch-ing Clarke .. a .an.and Dawe ..on Youtube ..
Can't ..lo.look ..a..away
lol, I've never seen these guys before, they are freaking hysterical... thank you for posting that link, an hour of my life .. gone forever.
Keenstacker reacted to KDave in The lifecycle of a sovereign country
Yes it is disturbing and this is an old map I had it saved in a dusty research folder from a few years back.
Someone said they wonder who we borrow from and I remembered this picture, the answer appears to be we borrow from each other. It's perpetual debt lending between nations, all of their currencies linked to the dollar.
How many unborn generations can we borrow from? It can't go on forever.. can it?
Keenstacker reacted to vand in The lifecycle of a sovereign country
We're in late stage 4. In the next downturn I see us moving into stage 5.
I would add that this life cycle reflect the political cycle of a country, as it becomes more prosperous on the ingenuity and productivity of its individuals, the have nots of society vote themselves ever increasing claims on wealth they didn't earn, while the politicians play a game of increasing promises of everything to everyone and expecting someone else to pay for it, firstly with tax claims on other members of society, and then debt claims on the unborn.
Keenstacker reacted to Bumble in The lifecycle of a sovereign country
I came across this really helpful account of the stages of the lifecycle of a sovereign country. It is from Bridgewater, which is a highly successful hedge fund run by Ray Dalio. It's well worth taking a few minutes to read.
1) In the first stage countries are poor and think that they are poor.
In this stage they have very low incomes and most people have subsistence lifestyles, they don’t waste money because they value it a lot and they don’t have any debt to speak of because savings are short and nobody wants to lend to them. They are undeveloped.
2) In the second stage countries are getting rich quickly but still think they are poor.
At this stage they behave pretty much the same as they did when they were in the prior stage but, because they have more money and still want to save, the amount of this saving and investment rises rapidly. Because they are typically the same people who experienced the more deprived conditions in the first stage, and because people who grew up with financial insecurity typically don’t lose their financial cautiousness, they still a) work hard, (b) have export-led economies, c) have pegged exchange rates, d) save a lot, and e) invest efficiently in their means of production, in real assets like gold and apartments, and in bonds of the reserve countries. (This is where China is today.)
3) In the third stage countries are rich and think of themselves as rich.
At this stage, their per capita incomes approach the highest in the world as their prior investments in infrastructure, capital goods and R&D are paying off by producing productivity gains. At the same time, the prevailing psychology changes from putting the emphasis on working and saving to protect oneself from the bad times to easing up in order to savor the fruits of life. This change in the prevailing psychology occurs primarily because a new generation of people who did not experience the bad times replaces those who lived through them. Signs of this change in mindset are reflected in statistics that show reduced work hours (e.g., typically there is a reduction in the average workweek from six days to five) and big increases in expenditures on leisure and luxury goods relative to necessities. (This is where the UK was in the latter half of the 19th century, and where the USA was in the latter half of the 20th century.)
4) In the fourth stage countries become poorer and still think of themselves as rich.
This is the leveraging up phase – i.e., debts rise relative to incomes until they can’t any more. The psychological shift behind this leveraging up occurs because the people who lived through the first two stages have died off and those whose behavior matters most are used to living well and not worrying about the pain of not having enough money. Because the people in these countries earn and spend a lot, they become expensive, and because they are expensive they experience slower real income growth rates. Since they are reluctant to constrain their spending in line with their reduced income growth rate, they lower their savings rates, increase their debts and cut corners. Because their spending continues to be strong, they continue to appear rich, even though their balance sheets deteriorate. The reduced level of efficient investments in infrastructure, capital goods and R&D slow their productivity gains. Their cities and infrastructures become older and less efficient than those in the two earlier stages. Their balance of payments positions deteriorate, reflecting their reduced competitiveness. They increasingly rely on their reputations rather than on their competitiveness to fund their deficits. They typically spend a lot of money on the military at this stage, sometimes very large amounts because of wars, in order to protect their global interests. Often, though not always, at the advanced stages of this phase, countries run “twin deficits” – i.e., both balance of payments and government deficits.
5) In the last stage of the cycle they typically go through deleveraging and relative decline, which they are slow to accept.
After bubbles burst and when deleveragings occur, private debt growth, private sector spending, asset values and net worths decline in a self-reinforcing negative cycle. To compensate, government debt growth, government deficits and central bank “printing” of money typically increase. In this way, their central banks and central governments cut real interest rates and increase nominal GDP growth so that it is comfortably above nominal interest rates in order to ease debt burdens. As a result of these low real interest rates, weak currencies and poor economic conditions, their debt and equity assets are poor performing and increasingly these countries have to compete with less expensive countries that are in the earlier stages of development. Their currencies depreciate and they like it. As an extension of these economic and financial trends, countries in this stage see their power in the world decline.
Keenstacker reacted to sixgun in Are luxury watches the best investment ever?
i bought a Rolex Double Red writing Sea dweller in about 2005 for something like £6k. i didn't realise it was a collector watch when i got it, i just liked it.
i haven't worn it in years. They seem to sell for about £18k now.
Keenstacker reacted to ilovesilverireallydo in 2010 Full Sovereign
I think if you listed closer to hgm scrap prices they would be picked up. In that last couple of months there have been solid deals on the forum, 1/10 at £100 and under sometimes, sovs for £225 and half’s for £115 and under. 1/20 usually £50-52.
If I look at my own buying pattern, I seem to hold out to buy as there is always a deal coming in. I bought a fair few of those deals myself. Although those prices may seem low, they are still better than what HGM would pay you especially for the fractionals.