KDave

You are the currency of the elites. From birth you are a corporation your name capitalized and on every official document, until your death when on your headstone your name is still capitalized. You are born into bondage/ slavery ie the financial bonds that are raised in the bond market are basically you. This is why suicide was illegal, it was viewed as destruction of state property. Tax is the theft of your labour. Government does not produce anything, it basically breaks your leg, and thinks it is doing you a favour by giving you a crutch. UBI just enables government further control, as with this currency they purport to give you comes with further conditions. Do you think they would let you vote if it really made a difference, all the parties are paid for. Be careful what you wish for.

I am always in two minds about UBI, previously I would have been with Roy on the issue, but I see how benefits work and if UBI replaces them (I assume that is the intention) then I am all for it. Benefits already keeps my BATS shares paying divis and keeps the off-licence in business, UBI won't make a difference on that front. But it will make things fair, and I am all about that.
I have watched my cousin live a life on the tax payer, handed a living for nearly two decades now for doing nothing. Perhaps half a million in sterling by now if not more. One example of millions. While those that work, pay taxes used to fund this waste and often have a lower quality of life due to not having time. Work you give up time for money. Benefits you give up nothing and get money. Seeing others who have made selfish or wrong choices rewarded with time and money, while I must give up my time, it is a killer. It has destroyed altruism and compassion. 
UBI is a lot more Just than the current system, if it replaces the current system. Everyone gets UBI. Now the worker has UBI plus the wage and is better off for trading his time for money. Work is encouraged and rewarded. Natural order is restored. People who used to cheat and play the system, made a career out of it can no longer do so. I assume the state pension will be paid to everyone now as well, no doubt it will.  
My major problem with UBI is the government. They will use it as a control mechanism. If you say things against xyz no UBI for you. If you don't vote, no UBI for you. If you do stuff they don't like, attend the wrong meeting, talk to the wrong forum member, no UBI for you. It will usher in Social Credit ala Communist China. Its another step on the totalitarian road - but to be honest we are already at the point of no return. Lets keep going. Its pointless arguing against benefits, I am in the minority on this, most think I am heartless when I discuss social security with them, so instead I will say lets have UBI. Bring it on. If we must have tax payer charity then lets have it in the most Just and fair way possible. It will not end well in either case.

I am always in two minds about UBI, previously I would have been with Roy on the issue, but I see how benefits work and if UBI replaces them (I assume that is the intention) then I am all for it. Benefits already keeps my BATS shares paying divis and keeps the off-licence in business, UBI won't make a difference on that front. But it will make things fair, and I am all about that.
I have watched my cousin live a life on the tax payer, handed a living for nearly two decades now for doing nothing. Perhaps half a million in sterling by now if not more. One example of millions. While those that work, pay taxes used to fund this waste and often have a lower quality of life due to not having time. Work you give up time for money. Benefits you give up nothing and get money. Seeing others who have made selfish or wrong choices rewarded with time and money, while I must give up my time, it is a killer. It has destroyed altruism and compassion. 
UBI is a lot more Just than the current system, if it replaces the current system. Everyone gets UBI. Now the worker has UBI plus the wage and is better off for trading his time for money. Work is encouraged and rewarded. Natural order is restored. People who used to cheat and play the system, made a career out of it can no longer do so. I assume the state pension will be paid to everyone now as well, no doubt it will.  
My major problem with UBI is the government. They will use it as a control mechanism. If you say things against xyz no UBI for you. If you don't vote, no UBI for you. If you do stuff they don't like, attend the wrong meeting, talk to the wrong forum member, no UBI for you. It will usher in Social Credit ala Communist China. Its another step on the totalitarian road - but to be honest we are already at the point of no return. Lets keep going. Its pointless arguing against benefits, I am in the minority on this, most think I am heartless when I discuss social security with them, so instead I will say lets have UBI. Bring it on. If we must have tax payer charity then lets have it in the most Just and fair way possible. It will not end well in either case.

Because that would to too easy!  And I feel the UBI will be the sweetener/mechanism for governments to open the door on state controlled programmable digital currency.  Once everyone has a state digital wallet it’s not a far step from destroying physical Fiat and shoehorning the population into the new system of control.  I hope that’s not the case but looks like we are heading in that direction. 

why dont they just give an extra 5k tax relief instead?

BINGO! Nice to see another thinking man.  You are spot on it will appear to be free money at first but then you will be controlled by it.  I’m expecting the UBI to be dished out in state controlled crypto wallets with programmable currency I’m sure as sugar it won’t let you buy assets with it if that was to be the case. 
I’m not against it, if it can really help the working poor those who graft all month just to make ends meet then I’m all for it.  
 
It’s likely to replace the currency benefit system and will end up creating a bigger divide between those who do and don’t work. It has to the current system is totally wrong no one should be better off not working than someone who gets out of bed everyday.  

Also I have friends in their early 60’s still working and wishing their life away to get to retirement, it could really help those in this position to work a little less have a better quality of life. 
 
 
 

I am always in two minds about UBI, previously I would have been with Roy on the issue, but I see how benefits work and if UBI replaces them (I assume that is the intention) then I am all for it. Benefits already keeps my BATS shares paying divis and keeps the off-licence in business, UBI won't make a difference on that front. But it will make things fair, and I am all about that.
I have watched my cousin live a life on the tax payer, handed a living for nearly two decades now for doing nothing. Perhaps half a million in sterling by now if not more. One example of millions. While those that work, pay taxes used to fund this waste and often have a lower quality of life due to not having time. Work you give up time for money. Benefits you give up nothing and get money. Seeing others who have made selfish or wrong choices rewarded with time and money, while I must give up my time, it is a killer. It has destroyed altruism and compassion. 
UBI is a lot more Just than the current system, if it replaces the current system. Everyone gets UBI. Now the worker has UBI plus the wage and is better off for trading his time for money. Work is encouraged and rewarded. Natural order is restored. People who used to cheat and play the system, made a career out of it can no longer do so. I assume the state pension will be paid to everyone now as well, no doubt it will.  
My major problem with UBI is the government. They will use it as a control mechanism. If you say things against xyz no UBI for you. If you don't vote, no UBI for you. If you do stuff they don't like, attend the wrong meeting, talk to the wrong forum member, no UBI for you. It will usher in Social Credit ala Communist China. Its another step on the totalitarian road - but to be honest we are already at the point of no return. Lets keep going. Its pointless arguing against benefits, I am in the minority on this, most think I am heartless when I discuss social security with them, so instead I will say lets have UBI. Bring it on. If we must have tax payer charity then lets have it in the most Just and fair way possible. It will not end well in either case.

The BBC reported Wales are looking to trial Universal Basic Income (UBI) and Scotland taking a sum of £5,200 per year for every adult.  Would we see a stampede of new precious metal buyers? I watch American YT stackers and many Americans receiving their stimulus cheques are just using it to buy gold and silver and LCS and dealers are selling out fast every time the US government prints a new stimulus cheque.
If you got £5,200 per year regardless of your financial status what would you do with it? I'd buy gold and solid assets like they were going out of fashion.  
Or would UBI just create inflation, we all get £5,200 per year but costs got up the same, they give it in one hand and take it from they other? 
https://www.bbc.co.uk/news/uk-wales-politics-57120354
 

Give me strength...
If you give poor people money, they will always be poor. If you give unemployed people money, they will always be unemployed.
The only people who will do well out of this are McDonalds, Imperial Tobacco, Golden Wonder and Coca Cola.
 
 

Also look to the gold coinage of Byzantium (Rome) for a more complete history of the money, the solidus was consistent throughout Roman history and then into the eastern Roman empire, it was not debased until much later, another 1000 years later, eventually coinciding with the collapse in late middle ages. The fall of Byzantium was the true end of the Roman culture. Silver is quite rare relatively in Byzantine coinage, perhaps because of the stigma associated with late western Roman coinage? From my limited reading the peasants used various bronze coins for day to day trade and exchange, and gold was important for paying the military and civil service, for use in diplomacy and paying mercenaries. It's been a while since I studied or read anything about this time period,very interesting post. 

been a while since ive been on , nowt to report in the buying department , as nobody was selling their silver cheap so ive been stuck at 205 oz  , then a 10 oz scottsdale bar at £325 on e bay just grabbed for £195 inc postage , a bit beat up  .will still have to magnet test though 

the maths should be
1.5% compounded over 7 years = 11%
then 4% compounded over the remaining 3 years and multiplied = 24.9%
(the above is assuming rates will hit their historic average of 4-6% or higher)
2% compounded over the same 10 years = 21.9%
 
so if rates hit 4% in 7 years time then you would be 3% better off with the 10 year fix.
both fixes will perform equally if rates are at 2.9% in years 8 to 10.
if you think rates will go above 2.9% in 7 years time then the 10 year fix will be less costly
than the 7 year fix.
 
HH
 

I’ve not spoken to a broker but checking on comparisons sites, I don’t think it makes much if any difference on rate if wanting to borrow 60% or less.
I’m in a similar position, probably have smaller loan but looking to break out of a 5 year deal remaining  (10 year initially) as rates are so low currently. I don’t see rates staying this low for. Much longer. Certainly not in next couple of years. I think it’s a reasonable hedge to lock in a great low, long term rate and take the calculated hit on ERC if it’s in your favour or circumstances dictates.
Something else I am considering which I thought I never would is to mortgage interest only also. I should have enough lump sum when accessing my SIPP to pay principle. In the meantime I get the tax relief uplift compounded and a few hundred more each month to add to SIPP. .
 

I heard from someone the other day that shipping containers have gone from £5k to £7k,    5 fold increase could be exasperating it a little.    What I can see is people taking the p?!/s at the moment they are charging more because they can.         The price of food is going up because farm gate price is going up at last. Got a few mates who are butchers and they said since Easter lamb sales fallen off a cliff because of the price

Cardboard box? 
That's it right there, the classic 'depreciating asset', the Motorcar is going up in price?
What a topsy turvy world!
The second hand car dealers are making a fortune, and they're putting it all into RM releases.
 

I've been waiting for this effect but it looks like the trend is for used car prices is to rise; their up about 30% since the nadir last year.

I have noticed some inflation feeding through to the consumer, took its time but its here now. At the supermarket last week some of the tinned stuff is up, one item was 33% higher for the same, some of the dairy products are up 10%, those are the ones that stood out. Not much you can do about it other than try front load and buy if things are still cheap and will last.
I bought some stone for building a patio last year, 1 ton pallet was £350, March this year was £430 for the same stone, this is to do with shipping container cost going up 5 fold from last year, not sure why the huge increase. Anything large and bulky being imported will see significant price increases added on if this continues. Small stuff probably won't notice much.
Begs the question as to what to do next regarding the big stuff, I am half tempted to buy a 3 year old used car now but part of me says wait a bit longer for secondary market to flood with cars being returned from unviable PCP contracts. I thought this would have happened already but furlough keeps being extended. Sods law says if I wait inflation will push out any gain and if I buy now I could have gotten one cheaper 6 months down the line.

I think they should call it BritCon instead!

Hi friendly forum folk 👋
Found my way here via @BackyardBullion, they speak very highly of TSF.
I've been stacking for just over a year focusing on gold due to those pesky UK VAT charges.
Mostly stacking Britannia's as it stops me spending money on stupid stuff I don't need, I'm treating it like a savings account.
B

I've 6 of them, 2020 and this years, horrid looking things, look no more like gold than I do  
Copper look is unappealing but its gold and nothing more
Kangaroos on the other hand mmmmmm lol

Yes they all look the same unless you are paying collectors prices, for stackers once you have one of each head then you are collecting date runs or mint runs, its not that appealing. They are bullion and often get sold over other gold to fund other investments or to raise more cash, in that way they are good as a semi-liquid savings alongside cash. There is only so much emergency cash and premium bonds before worries of inflation kicks in, sovereigns and halves are a good liquid next layer, or that is how I use them.
I prefer 1 oz brits for long term savings, 10 to a tube. Sovereigns are good too though if talking bullion.

I am also amazed the name was not taken earlier by another crypto 
People will follow and think what they are told to follow and think, whether it benefits them is determined only by who is in charge. The people currently in charge do not have our best interests at heart, head or anywhere else, they are pure evil and have been allowed to gain far too much. 

Money week tell me the BoE is preparing its own centrally controlled digital currency aka Britcoin. It seems they wish to use it to bypass banks, ie, centralise control of money creation and distribution into the hands of government/central bank only. Some very totalitarian things can happen then, credit rating would become social credit rating for example, the BoE would no longer need to QE but could just place new funds in whichever account they wish. It's fiat on steroids by the sounds of what I have read. 
Any thoughts on this. 

"The bigger the lie, the more people will believe it" 
Adolf Hilter. 😛

Very fitting this year. 

This is a great point. In my more naive days I would have advocated for food tokens, fuel tokens, etc to be distributed in lieu of benefits, to ensure a certain standard of living is maintained without rewarding the behaviour. However, I know for sure now that it would not work as intended, it would be abused as a lever of power in a way not intended. Such a system would also only further increase the levels of corruption/crony capitalism and just become another tax payer syphon.
Very interesting yes, it would allow greater control of over inflation and deflation of the money supply in the same/opposite way as the point made on QE. Direct control over currency existence at all times, and thus influence on the behaviour of the public's spending habits would be the ultimate power for central banks. You can see the attraction, and the dystopian potential.