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Reputation Activity
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KDave reacted to GreatBritishBullion in Britcoin
It's worrying because 1) Zero privacy on transactions, everything recorded 2) They can place expiration dates on each unit of currency forcing you to spend within a certain time period 3) They can assign 'types' to each unit of currency, i.e. this is a groceries unit, this is a unit for paying rent, etc
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KDave reacted to Stacktastic in Britcoin
Fabulously catchy name. Why has no one thought of that before!
Sh*tcoin would be better IMHO.
Cr*pcoin - I could go on all day!
All of this has been planned a long time ago in a far off galaxy - nout we can do about it.
Looking sat some of the dimwits on the streets I am starting to think that little bit of totalitarianism, might benefit them.
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KDave reacted to ilovesilverireallydo in Alfred the Great - Royal Mint 9am 22nd April
Looks more like an alien than Canute
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KDave got a reaction from Chorlton in Special delivery claims process and experience
@Tn21 I would expect the agreed sale on here would be enough to back up the value of a claim. I have not had the misfortune yet, but would be confident that the item would be paid out if I had proof of agreed value and a bank transfer or payment for that amount as evidence.
I have only had one issue with a royal mail claim, it was my mistake with a single digit in the postcode; due to covid no signature was required and the item was delivered to a completely different person at a completely different address - but right postcode. This was guaranteed delivery on a 1/10 ounce platinum coin which has never been refunded as the item was technically correctly delivered to the postcode with signature (the postie's) just not the right person and address. An expensive mistake but could have been worse, and a tough one to argue given the circumstances.
In the past I have made a claim for a fraudulent sale from eBay, an item I bought from ash that I sold on ebay (kilo silver bar). Item sold, item posted, seller then changed address and claimed the account had been hacked and forced eBay to issue a refund from my PayPal. The silver bar had been delivered at this point to initial address. In the end PayPal covered the sale based on the sold price on eBay under seller protection, so someone in Glasgow got a free kilo and PayPal are out of pocket a few hundred quid. Not much could be done differently just luck of the draw, but seller protection worth the fees in this case. Royal mail didn't get involved in that one but I needed tracking/proof of postage AND the postage receipt for PayPal's fraud team, not just the tracking, so keep all receipts until a transaction is sorted.
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KDave got a reaction from Tn21 in Special delivery claims process and experience
@Tn21 I would expect the agreed sale on here would be enough to back up the value of a claim. I have not had the misfortune yet, but would be confident that the item would be paid out if I had proof of agreed value and a bank transfer or payment for that amount as evidence.
I have only had one issue with a royal mail claim, it was my mistake with a single digit in the postcode; due to covid no signature was required and the item was delivered to a completely different person at a completely different address - but right postcode. This was guaranteed delivery on a 1/10 ounce platinum coin which has never been refunded as the item was technically correctly delivered to the postcode with signature (the postie's) just not the right person and address. An expensive mistake but could have been worse, and a tough one to argue given the circumstances.
In the past I have made a claim for a fraudulent sale from eBay, an item I bought from ash that I sold on ebay (kilo silver bar). Item sold, item posted, seller then changed address and claimed the account had been hacked and forced eBay to issue a refund from my PayPal. The silver bar had been delivered at this point to initial address. In the end PayPal covered the sale based on the sold price on eBay under seller protection, so someone in Glasgow got a free kilo and PayPal are out of pocket a few hundred quid. Not much could be done differently just luck of the draw, but seller protection worth the fees in this case. Royal mail didn't get involved in that one but I needed tracking/proof of postage AND the postage receipt for PayPal's fraud team, not just the tracking, so keep all receipts until a transaction is sorted.
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KDave reacted to Bumble in Chart Of The Day thread
Bloomberg published this chart, showing how in recent months money has been flowing into BTC funds and out of gold funds. There are two separate scales.
I modified the chart to put both on the same scale. It is true that money has being flowing out of gold funds, but only a fraction has been flowing into BTC funds.
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KDave reacted to HerefordBullyun in Lithium and Uranium and green energy investments
Ive mentioned it before GCL gieger counter
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KDave reacted to sixgun in GameStop / Reddit News
GameStop reported earning last night - crappy figures as expected. The stock is tumbling - as expected as reality sinks in. The chatter on Reddit is so inane - a lot of naïve people will have lost a lot of money. The company is not a viable concern but it has been viable for me to keep selling calls - i suppose it was good whilst it lasted.
Look at this insanity.
https://www.reddit.com/r/wallstreetbets/comments/mc5ku7/this_is_how_i_start_my_day_also_watch_it_again_as/
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KDave reacted to AndrewSL76 in Three graces coin
Holy moly, @1stsovereign.............that’s absolutely filthy. Should be R rated with ID checks needed to view it.......you can go to jail for sharing films like this.
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KDave reacted to Bumble in Gold Monitoring Thread $ (USD) only
I'm not usually a big fan of drawing lines on charts. I've tried to understand technical analysis, but it looks pretty wooly to me. I do believe in the bubble curve, and the gold price peak in 2011 was a classic example of the bubble curve in action. So, just for the sake of a pessimistic assessment of gold's prospects, I made the chart below on the basis of the conjecture that 2020 was also a bubble. So what would happen if we have a long term uptrend, starting from 2000-2002, and a bubble in 2020 which pops this year? The two blue lines show possible upward trend lines. The two magenta lines show possible trajectories for gold, one on the basis that the bubble is popping straight down, the other on the basis that bubbles usually have a second smaller peak. The result is that we could see gold fall to $1400 to $1600 by the end of 2021. As I say, bear in mind this is a pessimistic view, which assumes that 2020 was just a bubble, so it might be regarded as a worst case.
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KDave reacted to Stu in My first trade - Shell / BP
If it wasn’t for my oilers and precious metals, my portfolio would be totally under water at the moment. Even my HSBC world tracker is displaying numbers in red, who’d have thought!
Actualy BTL equity will be up also I guess but tend to forget about this. Really starting to see the benefit of the aft discussed, diversified portfolio.
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KDave reacted to HerefordBullyun in My first trade - Shell / BP
Given the fact there is more middle east geo political tensions. I expect oil to rise at an even faster pace. It was the Yemini attack on a Saud Oil facility that pushed brent over the 70 mark. Its going to get worse before it gets better. Having personally spent a lot of more my former career in the middle east, its a hotbed of problems. ISIS to boot and Turkey helping ISIS smuggle oil also. Erdogan is a mass loon, and should be kicked out of NATO. The turkish Lira is absolutely broken also, and is as bad as Greece.
Western intervention will only make it worse. OPEC countries squabbling over production rates and USA cant produce as much so they will have to buy, again pushing prices higher. Throw in the commodities super cycle in also. Its not looking good if you drive your car a lot or your business is dependant on it.
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KDave reacted to Kman in Why is gold so precious?
It's all about money
Lets say for every hour you work you get one pebble
That pebble represents an hour of your life you gave up, you can swap it for food or if you save up enough pebbles you can swap them for larger items
Whats good about the pebble is you don't have to spend it right away, you can work your whole life until you're not as physically capable, retire and still have thousands of hours of work saved up in pebbles
To have a civilised society you need money to facilitate trade and to be able to store and log your hard work
You can't use pebbles of course because you can find them anywhere, what's not just anywhere? gold
We can all agree we need money and we can all agree gold is perfect for it, that's why it has value, the value is the tool of money
Its obvious why oil has value
It's obvious why electric has value
Money is just as important to humanity that's why gold has value
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KDave reacted to Roy in The REAL rate of Inflation?
Anyone who thinks inflation is less than 2% must be living in their mother's basement.
If you own/rent a house, pay the utilities, run a car (or two) and put enough food on the table for a family of four, then you know inflation is hovering around 10%.
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KDave got a reaction from HerefordBullyun in Gold Monitoring Thread £ GBP only
Yes when real return is shown to be negative due to inflation, then gold will be back on the menu.
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KDave reacted to sixgun in Gold Monitoring Thread £ GBP only
The Fed is controlling the yield curve to put a brake on bond yields.
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KDave got a reaction from Bars in Gold Monitoring Thread £ GBP only
Yes when real return is shown to be negative due to inflation, then gold will be back on the menu.
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KDave reacted to Kman in Gold Monitoring Thread £ GBP only
This is TLT (30 year US bonds) and Gold
If bond yields continue to go up expect gold to come down
I wouldn't be shocked if it comes down another 5-10% in the next few months but who knows, will depend on the new normal - how well the vaccines seem to work and how optimistic people are on global economy recovery
I personally think at some point this year an event will happen or a signal will appear that things aren't going to get back on track and that's when gold will kick on but who knows
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KDave got a reaction from Martin1983 in Gold Monitoring Thread £ GBP only
Back to the forever wars we go!
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KDave reacted to HerefordBullyun in Gold Monitoring Thread £ GBP only
All glitters isnt gold ask gary glitter the dirty old nonce