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Lowlow

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    United States

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  1. Like
    Lowlow got a reaction from oldbottleman in Cashless Society   
    The United States had a city (Philadelphia I think ?) that passed a law last week requiring businesses to accept cash, said it was an issue of fairness to the poor many of whom don't have access to Credit Cards which are the predominate form of cashless money in the U.S.
    I don't have a link to the article as I just read it in passing.
  2. Haha
    Lowlow reacted to KDave in Brexit status ...   
    Imagine a bird called democracy accelerating towards a cliff edge, wings spread and trying to take flight. Now picture just under half of the UK population including most of the politicians at the last moment grasping on to the birds legs as it steps over the cliff. 
    We are at the part between falling off the cliff edge and hitting the floor.  
  3. Like
    Lowlow reacted to BackyardBullion in Good & Bad news from Mr & Mrs Backyard Bullion   
    Hello everybody!
    Mrs Backyard Bullion and I have some good and bad news to share with you all.
    First, the good news. Backyard Bullion (the business) has been growing well and we are excited at what the future may bring.
    This leads us onto the bad news. With such success and growth comes the inevitable attention from the tax man. As such Backyard Bullion is required to register for VAT (Sales tax for those non UK/EU readers).
    This will of course have some significant effects on our business but more importantly for you as our customers.   We have always been and always will be, fully committed to the strength and quality of the Backyard Bullion brand and products. The pieces we make are and will continue to be of the highest possible quality. We are a small business (Mrs BYB and myself) and have no plans or desire to hire staff. Each piece we make, be it small or large, will be unique and have been made by us with the same love, care and attention we have always put into our work.
    This means that effective from 1st April 2019 we will be increasing our pricing to accommodate for part of the VAT liability we incur for our sales. 
    Any items that have been pre-ordered but not paid for will have their original prices honoured even though the payment date might be after 1st April 2019. This seems the fairest thing to do for these pre-ordered items. However, for items ordered or purchased after the 1st April 2019 you will notice the price change. The most obvious product to be affected at this stage is the “1 oz & 250g Silver Forum Bars” that have not yet been reserved/paid for already.
    VAT registration is something we never envisaged happening at the outset of this business but it is now a reality that cannot be ignored.
    Whilst the bad news is certainly bad and only time will tell the true effect on the business we are confident about our brand and are excited about future projects we will try to bring to you.
    We want to finish this announcement with a very large and heartfelt thank you to everyone out there that has supported the brand, be it through our hand poured silver, YouTube channel and group orders over this last 3 years. Your support means the world to us and we will endeavour to continue to bring you the best quality video entertainment and hand poured silver in the future!
    If you have any comments or questions then please feel free to ask them here on this thread or contact me directly.
    All the best to you all!
    Mr & Mrs Backyard Bullion
  4. Like
    Lowlow got a reaction from EdRossi624 in Brexit status ...   
    For all their faults, lifetime totalitarian rule does have some advantages ...
    In the U.S., our legislators chase after the emergency of the day like kittens chasing lasers ...
  5. Like
    Lowlow got a reaction from EdRossi624 in Brexit status ...   
    Yeah, you've been around for a thousand years ... and you were a sovereign nation (or at least a free people) the entire time, through the Roman conquests, through Viking invasions, wars with basically every country in Europe, a falling out with the Roman Catholic church, left standing in the face of Nazi aggression in World War 2 ... that entire time England has stood up to all comers, all the way until a bunch of pencil pushers tried to sell her out to the European Union.  I just don't see how that isn't a big thing - your own countrymen stood up and said no, they wouldn't have it, as an outsider looking in I find that inspiring - it gives me hope, and makes me proud, and I'm not even from the UK.
     
    Edit ... when I look in the mirror I see a descendent from your country, the same hair, eyes, hands, .. hell, I'm literally typing words on a keyboard in the language your country gave to me.
  6. Like
    Lowlow got a reaction from EdRossi624 in Brexit status ...   
    I can't think of anything that could be more important to the people of the UK, you've made a decision about whether you will be a sovereign nation or a state within a larger union.  It's as life altering as an individual's decision whether they will be married or not.  Not a decision to take lightly.
  7. Like
    Lowlow reacted to mr1030 in Today I bought.....   
    Picked up some U.S. Modern Commemoratives at the LCS today, including a couple of special ones I couldn't pass up once I saw them.  2000-W Library of Congress $10 Gold/Platinum Bi-Metallic in Proof and BU.  In silver, the 2000-P BU Leif Ericson $1,  2001-P BU U.S. Capitol $1, 2002-W BU West Point $1, and the 2002-P BU Winter Olympics $1.




  8. Thanks
    Lowlow got a reaction from dicker in PM's biggest advantage - no retail banking   
    Nice post KDave.
    Reminds me of the old saying - as long as their are thieves and politicians there will always be cash.
  9. Like
    Lowlow reacted to Protegimus in Annoying New Person Questions   
    So far, thank you. I hope clicking the little ‘cup/medal thing’ means I’m appreciating your reply?
  10. Like
    Lowlow got a reaction from Tn21 in PM's biggest advantage - no retail banking   
    I'm saddened by the state of retail banking today, as I'm sure many are.  These places are so fee ridden, and feel so entitled to your money, that they're basically nothing but pickpockets now, charging you for everything from normal transactions to fees for not doing enough transactions, fees for absolutely everything they can charge fees for, minimum balance fees, I bet they'd charge you a "front door fee" for using the front door of the bank if they thought they could get away with it.  Combined with the lack of government protection of depositors, recent moves to pass legislation for "bail-ins" to treat depositors as if they were investors, with all the downsides and none of the benefits, and you have a recipe for future disaster.
    Whatever happened to banks needing and rewarding depositors who loan the bank money ?  Now it's just full of entitled people who feel its perfectly legitimate to rip depositors and customers off at every opportunity.
    Fortunately, there is an alternative if it all goes to hell, and that's precious metal.  Hopefully it never comes to it, but it's nice to know its there if it all falls apart.  It's no wonder so many are pushing for a cashless economy, because then the thieves get to steal with impunity.
  11. Like
    Lowlow got a reaction from CadmiumGreen in PM's biggest advantage - no retail banking   
    I'm saddened by the state of retail banking today, as I'm sure many are.  These places are so fee ridden, and feel so entitled to your money, that they're basically nothing but pickpockets now, charging you for everything from normal transactions to fees for not doing enough transactions, fees for absolutely everything they can charge fees for, minimum balance fees, I bet they'd charge you a "front door fee" for using the front door of the bank if they thought they could get away with it.  Combined with the lack of government protection of depositors, recent moves to pass legislation for "bail-ins" to treat depositors as if they were investors, with all the downsides and none of the benefits, and you have a recipe for future disaster.
    Whatever happened to banks needing and rewarding depositors who loan the bank money ?  Now it's just full of entitled people who feel its perfectly legitimate to rip depositors and customers off at every opportunity.
    Fortunately, there is an alternative if it all goes to hell, and that's precious metal.  Hopefully it never comes to it, but it's nice to know its there if it all falls apart.  It's no wonder so many are pushing for a cashless economy, because then the thieves get to steal with impunity.
  12. Like
    Lowlow got a reaction from CadmiumGreen in What's a list of "don'ts" for milkspotting?   
    Don't buy coins where this is an issue ... 90% constitutional silver is much better
  13. Thanks
    Lowlow got a reaction from Protegimus in Annoying New Person Questions   
    Inside the UK (and I'm not in the UK) my understanding is that you're basically swimming up stream when dealing in silver because of the way your VAT taxes work - rewarding (or at least not penalizing) gold purchases, but charging full taxes on silver.  The trouble is that the UK just doesn't consider silver an investment metal, apparently.  That is probably going to be a shadow over your desire to stack silver.  I don't know how VAT works, but I would assume that if you purchase silver in Canadia you're still going to have to file that tax when you get it back home.
    That said, I'm really the last person who should be talking about this since I have no idea what I'm talking about lol.
  14. Like
    Lowlow got a reaction from Rugbyplayer in What to add to my fledgling stack!   
    I'm not a collector, so I'd focus on whatever gave me the most silver for the least amount of premium over spot (to a point).
  15. Like
    Lowlow got a reaction from kimchi in PM's biggest advantage - no retail banking   
    I'm saddened by the state of retail banking today, as I'm sure many are.  These places are so fee ridden, and feel so entitled to your money, that they're basically nothing but pickpockets now, charging you for everything from normal transactions to fees for not doing enough transactions, fees for absolutely everything they can charge fees for, minimum balance fees, I bet they'd charge you a "front door fee" for using the front door of the bank if they thought they could get away with it.  Combined with the lack of government protection of depositors, recent moves to pass legislation for "bail-ins" to treat depositors as if they were investors, with all the downsides and none of the benefits, and you have a recipe for future disaster.
    Whatever happened to banks needing and rewarding depositors who loan the bank money ?  Now it's just full of entitled people who feel its perfectly legitimate to rip depositors and customers off at every opportunity.
    Fortunately, there is an alternative if it all goes to hell, and that's precious metal.  Hopefully it never comes to it, but it's nice to know its there if it all falls apart.  It's no wonder so many are pushing for a cashless economy, because then the thieves get to steal with impunity.
  16. Thanks
    Lowlow got a reaction from nazarkovn in PM's biggest advantage - no retail banking   
    I'm saddened by the state of retail banking today, as I'm sure many are.  These places are so fee ridden, and feel so entitled to your money, that they're basically nothing but pickpockets now, charging you for everything from normal transactions to fees for not doing enough transactions, fees for absolutely everything they can charge fees for, minimum balance fees, I bet they'd charge you a "front door fee" for using the front door of the bank if they thought they could get away with it.  Combined with the lack of government protection of depositors, recent moves to pass legislation for "bail-ins" to treat depositors as if they were investors, with all the downsides and none of the benefits, and you have a recipe for future disaster.
    Whatever happened to banks needing and rewarding depositors who loan the bank money ?  Now it's just full of entitled people who feel its perfectly legitimate to rip depositors and customers off at every opportunity.
    Fortunately, there is an alternative if it all goes to hell, and that's precious metal.  Hopefully it never comes to it, but it's nice to know its there if it all falls apart.  It's no wonder so many are pushing for a cashless economy, because then the thieves get to steal with impunity.
  17. Like
    Lowlow reacted to KDave in PM's biggest advantage - no retail banking   
    Agreed good points, PM's are a good tool for savings and a good tool for barter should it ever be needed (not part of my plan but its there I guess). Everything has a cost even PM's have a premium to buy, store and sell, just like most other investments and banking services but at least its upfront and once in your possession the costs are determined by your choices of what you do with the metal, not what some platform provider decides to charge, or the bank decides to steal. 
    Cashless is not going to happen, cash is a redundancy that the system needs, all digital is too unreliable. Well it depends how much they are willing to put people at risk vs control I guess, but I would imagine that is a step too far. As soon as digital banking went down for a couple of days the game as we know it - that the banks are winning and making a living from - would be over when the power came back on. People would not put up with it. Better instead to minimise cash, discourage, make it difficult, but they will never get rid of it completely imo.  
  18. Haha
    Lowlow reacted to GoodAsGold in How do you enjoy your gold/silver?   
    It's probably mine. In recent years we've had family breaks in Amsterdam, Den Bosch, Arnhem and Voorburg. I've been looking everywhere for that coin 😁
  19. Like
    Lowlow got a reaction from Sliopjbsail in How do you enjoy your gold/silver?   
    Yesterday I was sitting behind two young people and noticed a U.S. quarter (0.19£uk, 0.22€eu) laying on the floor and I asked the nearest of the two "Did you drop a quarter ?", and she responded no, and then just left it there.  I turned to the other and said "You ?" and he said no, and then they both laughed and said that it wasn't even worth picking up.  I said "Well I'm not to proud to pick it up" and picked it up and put it in my pocket lol.  Brats lol.
  20. Like
    Lowlow got a reaction from TheBeast in How do you enjoy your gold/silver?   
    Yesterday I was sitting behind two young people and noticed a U.S. quarter (0.19£uk, 0.22€eu) laying on the floor and I asked the nearest of the two "Did you drop a quarter ?", and she responded no, and then just left it there.  I turned to the other and said "You ?" and he said no, and then they both laughed and said that it wasn't even worth picking up.  I said "Well I'm not to proud to pick it up" and picked it up and put it in my pocket lol.  Brats lol.
  21. Like
    Lowlow got a reaction from GoodAsGold in How do you enjoy your gold/silver?   
    Yesterday I was sitting behind two young people and noticed a U.S. quarter (0.19£uk, 0.22€eu) laying on the floor and I asked the nearest of the two "Did you drop a quarter ?", and she responded no, and then just left it there.  I turned to the other and said "You ?" and he said no, and then they both laughed and said that it wasn't even worth picking up.  I said "Well I'm not to proud to pick it up" and picked it up and put it in my pocket lol.  Brats lol.
  22. Like
    Lowlow reacted to vand in What portion of savings should be in PM   
    This is true today, but it is only really a recent phenomena in the evolution of the fiat petrodollar standard. Not long ago banks made a clear distinction between "current" accounts and "savings" accounts. Current accounts paid zilch but you could access your cash instantly. Savings accounts tied your money up for a minimum period (usually 30 days) and gave you a guaranteed return that was above the prevailing inflation rate.  This was the last time you could say that banks were fulfilling their economic role of matching the needs of borrowers with the needs of lenders.  Today no such distinction exists anymore, because bank loans no longer represent someone elses' savings, they are just issues of new debt  created digitally. Unfortunately is a large part of the reason why we have such a dysfunctional economy now.
     
     
  23. Haha
    Lowlow got a reaction from Gildeon in 20 Francs Advice Please   
    Is it just me or does that coin look like an angel about to take a piss at a urinal.  with a rooster.
  24. Like
    Lowlow got a reaction from Ansel in How do you enjoy your gold/silver?   
    Having bullion is like always having a winning lottery ticket in your pocket just before you redeem it for your winnings.  It is pure possibility, a spring in your step, and a smile on your face, and the knowledge that you alone possess this small treasure upon which nobody can lay a claim.  It's tangible, and its yours, and for someone to take it from you they would literally have to fight you to take it from your hands.  Women will come and go, the stars will twirl around in their heavens, empires will rise and fall, but that bit of gold and silver will be as wonderful as the day you found it - forever a promise of a warm bowl of soup, or some shoes, or anything else your wistful mind might dream of.
  25. Like
    Lowlow got a reaction from Gedmunds in How do you enjoy your gold/silver?   
    Having bullion is like always having a winning lottery ticket in your pocket just before you redeem it for your winnings.  It is pure possibility, a spring in your step, and a smile on your face, and the knowledge that you alone possess this small treasure upon which nobody can lay a claim.  It's tangible, and its yours, and for someone to take it from you they would literally have to fight you to take it from your hands.  Women will come and go, the stars will twirl around in their heavens, empires will rise and fall, but that bit of gold and silver will be as wonderful as the day you found it - forever a promise of a warm bowl of soup, or some shoes, or anything else your wistful mind might dream of.