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Posts posted by Michal
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1 hour ago, Martlet said:
But that's not how inflation is calculated, it uses a range of goods and services to arrive at a weighted average. If you track one item you'll be way out of alignment. Inflation number is a benchmark for prices, some things will be more, some less. Everyone's personal inflation will be different because we buy different weights of goods and services.
I got great and honest definition for inflation. Inflation = increase of money in economy - economic growth. New definitions are only smoke and mirrors game used to complicate this subject. When calculation process isn't clear and honest it allows you to get any desired score by picking suitable data, so called "magic of statistics". Personal Inflation is just reflection of our habits in light of true inflation. Just my opinion, not necessarily right one. 😉
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On 12/06/2021 at 08:25, Goldhooked said:
What ever happened to @Wonger? Does he still think we’re on for $385 in the next 6 months?!
Probably he had to sell his computer to cover margin call to cover his gold short position. 🤭
- daca and Stacktastic
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1 hour ago, stefffana said:
Yes, I totally agree with your opinion.
But I've seen a lot of new stackers from last September until now. I think a lot of them are now more informed after watching YouTube videos about precious metals, there are hundreds of very good influencers. Also, after what happened in February with the silver's price, another millions enrolled in PM.
Another observation: I've seen on forum another trend: old stackers selling some gold and silver to move into crypto. It is a smart move, to have some from your money invested in something new, apparently with a good potential.
There is a reason why people always back to gold after fiat currency rant. I am simple man, I see them print like crazy, I buy more PM. Question is not, If it end up in mess, question is when. Situation right now look like pure madness. They "struggle" to get inflation of 2% but my shopping basket went up ~15%. No point of holding cash now IMHO.
- GoldenGriffin, Tonyb959, stefffana and 1 other
- 4
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5 minutes ago, BackyardBullion said:
Seriously, when the appropriate time to break out the "i told you so" dance?
in 12 days if compare to Game Stop stock 😁
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It is a shame that this topic died. It was so entertaining.
- Hunter87, daca and 47Ag79Au78Pt
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8 hours ago, GoldStatue said:
Silver Britannia’s have a face value of £2, as it’s legal tender could you bring 195 of them back with you from Belgium? (mInus your carry on luggage value)
I think we had this discussion before on this forum, and as fare as I remember you are obligated to declare metal value not face value when entering UK, the same when you leave UK.
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13 minutes ago, silversky said:
Having spent many years abroad working in the middle east and Asia, I returned to the UK a few years ago and was struck by just how socialist it has become. Perhaps it was being away for so long that let me see it in a new light or perhaps it really is becoming more intrusive. A bit of both I suspect.
The free (but always failing) NHS is a classic example of socialist utopian thinking. But that's a topic which many are unable to view dispassionately due to the relentless conditioning. This year it was pumped really hard.
No. Free of tax duty etc up to £390 at the airport (total value of all possessions on you including potentially your laptop if it's reasonably new looking) is free of tax. It's an old number that hasn't changed in a long time. A duty free limit if you like for goods brought into the UK which aren't tobacco perfume or alcohol. Above that value the tax man unzips.
For post
VAT on goods ( read bottom)
https://www.gov.uk/duty-free-goods/arrivals-from-outside-the-eu
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11 hours ago, Pete said:
I thought to quickly check the new rules for buying silver from the EU.
Firstly in person you need to note the value of tax free goods -
Then buying on-line and having goods shipped there is an additional import declaration the needs to be made if the value exceeds £900 which was often the case purchasing from the European Mint or GS.be. I haven't invested any time in checking all the regulations and small print but on first glance it adds yet another obstacle.
Wait so even on goods worth under £270 you have to pay VAT ?
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9 hours ago, romcast said:
Who cares how much the pie cost, if the pie is in my hand and I can eat it whenever I want...
Man who wants your pie or want to tax it, cares. And he will get it in majesty of law.
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On 06/06/2020 at 21:17, Abyss said:
Agreed you only have to look at the stock markets to see the manipulation. Will there be a loss in confidence of any of the major fiat currencies that will lead to domino effect of the entire financial system being replaced?
Until this happens I like to quote Morpheus
"This is a sparring program, similar to the programmed reality of the Matrix. It has the same basic rules, rules like gravity. What you must learn is that these rules are no different than the rules of a computer system. Some of them can be bent. Others can be broken. Understand? Then hit me…if you can."
Until then play the rigged game to the best of your ability. Even if financial system replaced it would be manipulated again... Matrix within a Matrix with no ability to be unplugged.
But if you know game is rigged you can get ready. Black swan theory is very interesting in its core.
Basically people think matrix is SF, it is like that because they have no idea how financial/political/economical systems work.
"Best kind of slave is one who think is free and is willing to die protecting his own slavery" - me
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5 hours ago, dicker said:
Meanwhile, In the real world, depending on which variety of oil you trade, and where you take delivery the price has dropped 99 percent today.
Some oil trading negative. If you own a supertanker that can take 2 million barrels, the oil producers will pay you about USD40 million to take it.
Best
Dicker
If thy do that with gold I got huge backyard and will even rent a lory to grab it.
😁
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Well he is probably speaking about paper gold contracts and he might be right i would say even lower, when street realized how much paper gold is worth it will go to 0. But Physical will stay around 1700-1800$ any way or even go higher.
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Well QB from 2018 are sold by dealers for 1800+ and i assumed he paid 1000 per coin. 8x800=6400. But that is not the point.
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Just imagine that crying author of this topic missed like 6000 pounds in profit during 1,5 year which would come with no effort. Stunning if you think about it. How easy is to lose on something with minimum risk if you have no knowledge about your investment.
Edit
over 50% ...
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2 minutes ago, sixgun said:
More potential Wrong Think on the forum - this has been detected and reported to the Thought Police.
Wonger said he will buy gold for 400$ he just forget to say that will buy 1g of gold for it 😀
- sixgun and silenceissilver
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1 minute ago, silenceissilver said:
I think, I might be wrong but I think we are heading for rain somewhere in the UK, in 2020/2021.
But I might be wrong.
Globaly, and not rain but storm from hell. Interesting times we are living in. I just regret didn't accumulate more PM.
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First hunch is so important, I always overthink things and make wrong decision (or maybe not the best one). I remember when didn't buy 1 oz gold for 1010 pounds coz wanted to buy for under 1k and end up buying silver 😀.
In general i remember when this thread was started and my reaction to this guy complain 😲.
Understanding your purchase ( in any matter) is crucial.
1. Physical PM makes you a bit independent from current monetary system.
2. You buying Physical PM long term and should consider gain/lost in terms of decades rather than months.
3. You don't "invest" money which you need or will need soon.
4. You don't "invest" money that you can't loose.
5. You don't sell until have opportunity to buy something which fits your financial goals more.
- Fastnick, HonestMoneyGoldSilver and Derv
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15 hours ago, 5huggy said:
As a member of "GATA" - I , (in this instance ONLY SPEAK for MYSELF)
I follow a great deal of info as to what the "PROSPECTS" are rather than "PRICES" to be - -
There are MANY MANY factors that will influence the "VALUE" of the precious metals Gold,Silver,Platinum,Palladium, Rhodium e al!
here's one for example - - - ->>>
Chinese government newspaper suggests return to gold standard
By: Chris Powell, GATAfrom here - - - >>>>http://news.goldseek.com/GATA/1566916585.php
Going back in to gold standart in current monetary/econimic system would explode it. Gold would have to cover all derivatives and all other cr*p so called "financial assets". I don't think it will happened any time soon. Will be at some point in future but after huge and painful collapse.
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On 01/03/2019 at 03:27, STONE said:
In a manipulated silver market, they will never let the price go below $13.95. Its simple, they will not force the price below AISC of the mines. They will to continue to buy physical until their greed is satisfied. They may be greedy but they aren't stupid enough to crush the price so low as it forces the mines to close. It would be game over. Once supply begins to dry up and they have the market cornered(which they already do) and supply has been getting chewed up for the last 16 years, they will let it go. The only thing that will end the paper game is a physical shortage in silver and that is coming real soon. Its one of the oldest story's in the book. Suppress the price, buy everything in sight then allow the price to rise. Monopolies have been going on for a long time... JPM and a few other big players stand to make billion's on the play.
Hunt brothers were doing the same but in open market, they didn't have short option which work in secret stretching bow of price to maximum, when supply dries up and demand reach peak they let the price go, and will be biggest supplier on the market.
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How it is even legal to put more than 1 claim on physical unit of anything ? That looks like pure fraud.
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Believe me You don't want do live in socialism, sad true is most western countries are heading that direction and UE is becoming USSSER.
Edit
silver up to 12.81
Has Gold Only Remained Flat in Purchasing Power Over The Past 40 Years ?
in Gold
Posted
Sure Mate, but let me stick to Milton Friedman's definition.