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Bumble

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About Bumble

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  1. That video is 5 days old and the BTC price has fallen more than 10% since then. I'm dubious about people who claim to have inside knowledge about what big investors are planning to do. I have a little BTC and ETH just in case, but I won't be buying more until I see the next stage of a bubble frenzy actually taking place.
  2. Bumble

    Western Australia - Metal Detecting For Gold

    The really hot area at the moment is the Pilbara region, where Novo Resources and others have been finding nuggets of gold the size and shape of pumpkin seeds. I've no idea about the legalities of metal detecting there. >>> Whatever you do, be careful of spiders and snakes  ... and ants, crocodiles, sharks, box jellyfish, irukandjis, cone snails, cassowaries, stonefish, blue-ringed octopus, in fact pretty much anything that moves.
  3. Bumble

    1925 Half Sovereign - no mint mark

    Just to chip in belatedly... @Roy asks, If it is a fake, you have to wonder why pick a date that is only minted outside of the UK? A possible answer is that a forger might pick an invalid date so if they are prosecuted they can legitimately claim that their coin cannot be a forgery since there exists no genuine coin for it to be a forgery of. I believe at least one forger has successfully made this defence. HGM must check everything, surely? FWIW, I have had the experience of selling a krug to HGM over the counter, and the tests they performed were: visual inspection (by eye, not using a loupe), weighing, pinging and xrf scan. This would not catch a good quality fake made of gold of the right quality. As @Barney's post above explains, many fake sovereigns were made between 1925 and the early 1950s for the simple reason that the Royal Mint were not making them, but there was a significant demand. The forgers stepped in to supply this demand, usually with coins of 22 ct quality, or close to it, profiting from the difference in value between the gold content and the coin price. Fakes of this kind are still common in India and in South America. If you are only interested in the gold content, then you might not care whether it is an authentic Royal Mint coin; you could regard it as a round that will never be worth less than its scrap value.
  4. Bumble

    Fractionals and fakes

    I usually put a lot of trust in the ping test. The Bullion Test app covers sovereigns, but not half sovs. Coins that are the wrong size or a different metal should fail the ping test badly, though I suppose a fake numismatic made from real gold might pass. Have you tried ping testing your coins?
  5. @Dicker. Thanks for your post. I'd be interested to know what investment professionals think about precious metals as an investment vehicle. My limited experience is that they won't touch physical PMs because they have no yield and won't touch the PM miners because they are too volatile. What do you think it would take for investors to make a significant rotation into PMs? Even an average 5% or so in portfolios would create a large demand and make a big difference to PM prices.
  6. Bumble

    Gold Monitoring Thread £ only

    Seasonally, this is usually a weak time for the gold price. 2016 was an exception because of the brexit vote, but we can usually expect the price to be weak until late August or September, and then weak again in Nov/Dec. If gold is going to reach $1400 this year, it will probably be in Sept/Oct.
  7. Bumble

    best safe for under £250?

    http://www.safeoptions.co.uk/home-safes This company has a good selection. Your budget will extend to a silver rated safe.
  8. Bumble

    Perth Mint Visit

    The Perth Mint has a one tonne gold coin. If you can work out a way to steal it, I'll help you melt it down and we can split the money.
  9. I re-watched a few episodes of The Onion news network. Ten years on and they still crack me up. The Onion seems to gone off the boil in recent years. Here are a few of my favourites: Diebold leaks the results of the 2008 election https://www.youtube.com/watch?v=LBrDzZCOQtI How the USA can wipe out its national debt https://www.youtube.com/watch?v=TRgRz3nSG7o Pre-emptive use of Hillary Clinton https://www.youtube.com/watch?v=uH8owcMHc34 What happens when a bus leaks slut https://www.youtube.com/watch?v=iMucmRlPZK0
  10. Bumble

    Retirement...

    Yes, sort of. In the UK, road tax, along with other particular taxes such as those on alcohol, tobacco, fuel, etc., all go into the general taxation pot. One might well argue that national insurance is just tax under another name, but it is hypothecated towards the payment of pensions and benefits. One consequence is that while you can set charitable donations against income tax, you cannot set them against NI. Another is that pensions are subject to income tax, but not to NI.
  11. Bumble

    Retirement...

    I think you are confusing two different things here. In the UK, health care is paid for out of general taxation. National insurance pays for pensions, sick pay and benefits. National insurance is a ponzi scheme: the money you pay in is immediately disbursed to recipients of the benefits. In the private sector this would be illegal, but hey, we're the government, so there.
  12. Bumble

    SHTF

    I have heard of people putting foil in their homes to protect against alleged health problems caused by high frequency radio transmissions, such as those from TETRA or from smart meters.
  13. Bumble

    SHTF

    40% interest is pretty tasty. Anyone brave enough to open a savings account in Argentina, or maybe buy some government bonds?
  14. Bumble

    Devil's Advocate

    I agree with Martlet that a currency ending is not the same as a currency failing. Currencies fail when ordinary people are unable or unwilling to use them any more because their value has been inflated away. The German papiermark and the Zimbabwean dollar are currencies that failed. Sometimes a currency experiences a great deal of inflation but continues to exist at a much lower level of purchasing power: for example, the Indian rupee or the Turkish lira. To say that all fiat currencies fail is a bit like saying all people are mortal. There are 7 billion people who have never died, but we're pretty sure they will because everyone in the past has, and we've no special reason to think the people alive today will be any different. We don't know for sure that the current fiat currencies will fail, but on past experience the outlook is not bright. Gold and silver, on the other hand, never failed in this way. Currencies based on metals were brought to an end by government decisions. A common explanation is that having a currency based on a tangible asset that cannot be printed into existence imposes a discipline on governments. It prevents them from debasing the currency and effectively stealing from their citizens to fund deficit spending. Governments put an end to gold backing because they wish to rid themselves of this discipline, and they blame the standard as a pretext for whatever economic woes they are suffering. It is not a historical accident that gold backing of currencies is typically suspended in order to pay for wars. The flip side of this is that if we had sound money there would be far fewer wars, for the simple reason that we would not be able to afford them.
  15. Bumble

    Retirement...

    I tend to agree that buy-to-let has had its day. Buying for yield doesn't add up, not where I live anyway, unless you are planning to turn a property into a multiple occupancy residence. In the past, B2L buyers profited because they benefited from appreciation in the capital value and were even able to remortgage their properties when they rose in value to free up money for deposits on further purchases, so pyramiding their profit. Nice while it lasted. But prices can only rise if people can afford them, which means either wages must rise substantially or mortgage rates must fall. With a fairly stagnant economy and interest rates still at emergency lows, I see only a little room for either. Government subsidies and benefits only distort the market and don't solve anything. Combine this with the fact that B2L owners are blamed in popular opinion for driving prices up, and politicians will be motivated to crack down on B2L. For example, in the UK, the Conservative government withdrew the ability for B2L owners to set off their mortgage costs against their rental income before paying tax. I'm pretty sure this was just a populist move to discourage further B2L, not something to please their supporters.