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  1. Bumble

    Storage of your stack

    If you are looking for ideas for unusual hiding places for your stack, check out these two videos: https://www.youtube.com/watch?v=8QDXfgbKKf0 https://www.youtube.com/watch?v=B8qoT0APi_8
  2. Apropos of nothing in particular, I came across this video of Bryan Ferry performing live in 2011. He must be 66 and he's still rocking it. Superb version of Let's Stick Together. https://www.youtube.com/watch?v=lj0XD1NFa1I
  3. Bumble

    Kinesis Gold and Silver currency

    @Mildred"Preventing any possible deliveries" does make sense. You have entered into a long contract, i.e. a contract to purchase physical metal. If you don't sell or cancel this contract, then the counterparty will deliver this metal to you, or rather, to your broker, since the contract is probably in a nominee account. Since your broker does not want their entrance lobby to be filled up with crates of metal belonging to their clients, it is part of their terms of service that you close your position in advance of the completion date.
  4. Bumble

    saw this and HAD to share.

    A curious fact I learned from a BBC documentary series is that for most of history, right through the middle ages and the renaissance, sugar was more valuable than gold, weight for weight. You had to be seriously rich to be able to afford to eat sugar. It became the main economic driver for the colonisation of the caribbean islands in the 17th and 18th centuries. While the Spanish were busy plundering Aztec gold, Britain, France and the Netherlands were building sugar plantations on the caribbean islands and making a fortune selling sugar back to Europe. By the end of the 18th century, the price of sugar had fallen so much that the English tradition evolved of having afternoon tea, with sugar, and cakes, made with sugar. Afternoon tea is basically the UK thumbing its nose at the rest of the world and saying: look at us, we're so prosperous we can afford to eat sugar every day.
  5. Some of these coins are pre-decimalisation, i.e. pre-1971 when we still had shillings and pence. The coin on the right in the second row is an old two shilling coin, commonly referred to as a 'florin'. The large coin on the left in the fifth row is an old penny. The second coin in the bottom row is an old halfpenny, and the twelve-sided coin next to it is a threepenny bit. They aren't really worth anything to collectors, because they are not rare, but those old coins have enough copper in them that they have scrap value if nothing else.
  6. Companies like Google and Facebook are able to collect vast amounts of data about you. Google records all the searches you make. If you use the Google Chrome browser they record all the wesbites you visit. On YouTube they record all the videos you watch, channels you visit and ads you click on. If you use Gmail they index all your incoming and outgoing emails and analyse them for content and keywords. Facebook likewise collects information about your interests, your network of contacts, the ads you click on, etc. Not only do they sell this information to advertisers, but they can use it to manipulate behaviour in subtle ways. Jaron Lanier's concern is that the business model of Google and Facebook, by being free to users, places the source of income for these companies in the hands of those who want to do the manipulating. A better model would be for these to be subscription services. If you want to protect your privacy and improve your security, here are some suggestions from me: 1. Only use Gmail or other freebie email services for fairly trivial stuff that you don't care about. Have several different email services, some reserved for more private communications. 2. Don't use freebie cloud storage offerings, except for trivial stuff. 3. Don't use Google search directly. Use an anonymising front end such as StartPage, or an engine that does not track you, such as DuckDuckGo. 4. Use an ad blocker, such as AdBlock Plus. 5. Use a script blocker. NoScript is the best one, but is only available for Firefox. It will block all active content on a webpage by default, including javascript, Flash, Java applets, PDF, executables, etc. It is a pain to use at first because you have to expressly enable javascript for all the sites you trust, but once these are set up it is fairly transparent. 6. Keep your private information encrypted. Veracrypt is a pretty good and free encryption product. 7. Keep things like microphones and webcams switched off unless you are actually using them. 8. Don't put any confidential or sensitive information on a smart phone. They are not at all secure.
  7. It depends on how much enrichment it has received. If it is highly enriched (over 5% U-235) then it is best to divide it up between several different locations in case it fissions spontaneously which would be bad because your house insurance probably doesn't cover that risk. If it's just some depleted uranium you bought second-hand on Craig's List then you don't need to worry about how much you have, unless you are worried about silly things like radiation.
  8. Bumble

    Silver Monitoring Thread £ only.

    Most silver (about 60%) is consumed: it is used industrially and it is not valuable enough to recycle. There is a healthy supply however, and plenty of silverware that could be scrapped. Commodities can go below their cost of production, sometimes for years. Uranium has been substantially below the cost of production since the Fukushima disaster. Closing a mine is expensive. It is not like turning off a tap that can be turned on again later. There are lots of regulations to be complied with to ensure that the mine is safe and non-polluting. In the case of gold, the stock to flow ratio is so high that potentially the price could go below the production cost for ages, as long as there are parties willing to sell their stock.
  9. The interest rates set by the central banks are just the rate at which the banks lend to each other overnight without collateral. The interest rate on a bond is determined by what investors are willing to pay for it. If investors buy bonds, the price goes up and the rate goes down. Under normal conditions this means that the rate would be determined by the aggregate behaviour of the market, and would correctly reflect the perceived riskiness of the bonds by the market participants. QE disrupts this process by creating artificial demand for bonds, in order to keep the rates low. The result is that even now, short dated Italian government bonds are paying 0.8%, while US bonds are paying 2.7%. Which would you rather own? The USA certainly has plenty of problems of its own, but it is the least dirty shirt in the laundry. If bond prices properly reflected the currency risk and default risk, Italian bonds would be cheaper than US bonds and so the rates would be higher, perhaps even 4% or 5%. The ECB say they will end QE, but without it the rates seem set to rise. The same problem will likely affect the UK at some stage. It is all very well the BoE setting the bank rate at 0.75% but without QE the rate on UK bonds will reflect how investors perceive the currency risk and default risk. If they don't like what they see, rates will be forced up, whether the BoE likes it or not. The bond market worldwide is huge: much bigger than any government.
  10. You may recall that back in May, in Italy, a coalition of 5-Star and Lega won the election and nominated Savona as finance minister. Savona is a euro-skeptic and favours either withdrawing from the euro, or introducing a new Italian currency alongside it. There was a subsequent rise in the yields of Italian government bonds - meaning that the bonds were sold off and became cheaper. I thought at the time that this was simply a market reaction. Turns out, this wasn't the case. The European Central Bank, which has been constantly buying government bonds under its QE program, decided to fire a warning shot across Italy's bow and stopped buying Italian bonds for one day. The result was an immediate spike in Italian interest rates of two whole percentage points, from 0.4% to 2.4%. The Italian president, Mattarella, duly kowtowed to the EU by vetoing the appointment of Savona the next day. Lessons learned. The ECB can whip into line any country in the euro-zone that does not do what it wants. And without the prop of QE, interest rates in some European countries would be a lot higher.
  11. That would probably suffice in practice. HMRC are not going to hire someone just to follow people around and count the days they sleep over. But if a person had a substantial portfolio of BTL properties and kept 'relocating' every six months, HMRC might judge that they were trading in properties and tax them accordingly. Bear in mind, there are other potential consequences of making a property your primary residence, e.g. you may be called up for jury service in that location.
  12. If two people, say Alice and Bob, are not married, and jointly own a property then the answer is straightforward. As soon as Alice transfers her share to Bob this creates a chargeable event. The property would have to be valued at the current market price and Alice would be liable for CGT on the gain in her share in the tax year in which the transfer occurs. This holds even if the transfer is a gift. If Alice and Bob are married, then normally no chargeable event occurs when they transfer property between them. In this case, Alice is not liable for CGT, but the share in the property transfers over to Bob at the original purchase price. CGT is not avoided by doing this, although there may be an advantage if Bob is paying tax at a lower rate than Alice. Up until 2008, capital gains could be reduced by inflation indexing, and since you mention the cottage was bought over 30 years ago, it should still be possible to take advantage of this. The other option, as others have mentioned, is for Alice and Bob to live in the cottage for at least six months, in order to make it their primary residence at the time of sale. Even then, HMRC are clamping down on this kind of arrangement, because too many BTL owners have been using it to avoid CGT, so Alice and Bob could expect HMRC to demand all kinds of evidence that they were actually resident there. I'm not an accountant and this is not tax advice.
  13. Bumble

    Glint Gold App tried

    I would expect that when you convert between your home currency and gold, this is a chargeable event and will result in a CGT gain or loss.
  14. Bumble

    Is there any reason that gold keeps dropping?

    Here is an article claiming that the gold price is being managed against the SDR. https://www.sprottmoney.com/Blog/china-takes-control-of-gold.html?platform=hootsuite
  15. Bumble

    Is there any reason that gold keeps dropping?

    Bear in mind that gold demand is seasonal and these are the summer doldrums. The months in which gold usually rises are January and September, due mainly to the Chinese new year and the Indian wedding season. If we are experiencing a seasonal downturn, expect gold to rise towards the end of August and into September, then fall in November and December. If gold has not recovered to at least $1300 by the end of September, then it is not a seasonal downturn and something else is happening. Either way, this is not a bad time to buy a few more gold coins.