• The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

sixgun

Silver Premium Member
  • Content Count

    2,751
  • Joined

  • Last visited

  • Days Won

    4
  • Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Haha
    sixgun got a reaction from Kookaburracollector in Who Do You Rate as Best for Explaining Gold Trends ?   
    i was thinking of Barry Manilow
  2. Haha
    sixgun got a reaction from Kookaburracollector in Who Do You Rate as Best for Explaining Gold Trends ?   
    That's a woman's eyes and a man's hands holding his crystal ball. Is that like a transsexual?
    Looks like Roy is drinking green tea.
    The analysis on Sterlling by Bullion-by-post is pretty much correct.
  3. Like
    sixgun got a reaction from silverdocket in BASHING on the forum   
    For God sake you put in a huge amount of work and time - many members have benefited. Stupid is as stupid does.
  4. Like
    sixgun got a reaction from Sliopjbsail in If silver shot up in value.......   
    The price of precious metals would be going to the Moon b/c there was sufficient buying pressure to drive up price and overcome the usual price suppression forces. This is likely big pressure on physical which starts to unravel the paper derivatives.
    The handful of coins members of the stacking community might be selling in those circumstances would be neither here nor there. Who would you sell to? - You just described a situation where there is huge buying pressure for physical. When this happens you start seeing adverts on the telly inviting people to sell all their gold. You won't see a situation where prices are racing up but no-one is buying.
    As Mr Dead points out, if metals are racing up then you will see problems in the fiat system. Metals move up b/c fiat is moving down. Metals are a safe haven and that means paper assets are getting dumped. When you sell real money you are buying fake money. Real money will be rising b/c people are falling off the Merry-go-round and paper assets crumble. Things go up for longer than you expect and down for longer than you expect. So i would not be cashing in my metal in a hurry when the bubble bursts. As mentioned here, there would need to be a better home for value than real money before moving.
    When we have seen recessions in the property markets they have tended to last for years. Land and property have been good longer term investments but they must yield more income than they cost or they become a liability. What was good farming land might become unproductive, property with many willing tenants paying high rents might cease to be. i have seen thousands of Victoria mansions that have become slums, that have roofs falling in. Many companies disappear or linger shadows of their former selves.
    When precious metals shoot up for real - i won't be rushing to sell. There will be a time to sell some of the precious metal but it is not a decision to be made on impulse.
  5. Like
    sixgun got a reaction from silverdocket in BASHING on the forum   
    For God sake you put in a huge amount of work and time - many members have benefited. Stupid is as stupid does.
  6. Like
    sixgun got a reaction from silverdocket in BASHING on the forum   
    For God sake you put in a huge amount of work and time - many members have benefited. Stupid is as stupid does.
  7. Like
    sixgun got a reaction from Sliopjbsail in If silver shot up in value.......   
    The price of precious metals would be going to the Moon b/c there was sufficient buying pressure to drive up price and overcome the usual price suppression forces. This is likely big pressure on physical which starts to unravel the paper derivatives.
    The handful of coins members of the stacking community might be selling in those circumstances would be neither here nor there. Who would you sell to? - You just described a situation where there is huge buying pressure for physical. When this happens you start seeing adverts on the telly inviting people to sell all their gold. You won't see a situation where prices are racing up but no-one is buying.
    As Mr Dead points out, if metals are racing up then you will see problems in the fiat system. Metals move up b/c fiat is moving down. Metals are a safe haven and that means paper assets are getting dumped. When you sell real money you are buying fake money. Real money will be rising b/c people are falling off the Merry-go-round and paper assets crumble. Things go up for longer than you expect and down for longer than you expect. So i would not be cashing in my metal in a hurry when the bubble bursts. As mentioned here, there would need to be a better home for value than real money before moving.
    When we have seen recessions in the property markets they have tended to last for years. Land and property have been good longer term investments but they must yield more income than they cost or they become a liability. What was good farming land might become unproductive, property with many willing tenants paying high rents might cease to be. i have seen thousands of Victoria mansions that have become slums, that have roofs falling in. Many companies disappear or linger shadows of their former selves.
    When precious metals shoot up for real - i won't be rushing to sell. There will be a time to sell some of the precious metal but it is not a decision to be made on impulse.
  8. Haha
    sixgun got a reaction from Abyss in BASHING on the forum   
    What do you think it is Eva in disguise?
    Surely not.

  9. Haha
    sixgun got a reaction from Abyss in BASHING on the forum   
    What do you think it is Eva in disguise?
    Surely not.

  10. Like
    sixgun got a reaction from Tn21 in 1/10th Gold Britannia   
    Wow - that was a great buy.
  11. Like
    sixgun got a reaction from Bran in Why are so many analysts out of touch with the majority of american's financial situations?   
    Cable Network News is simply a controlled propaganda outlet.  [The budget article was CNBC - but they are all the same] The US media is a collection of controlled propaganda outlets controlled by a handful of corporations which are in turn controlled by a handful of people. It does not matter if they are publicly quoted corporations - it is who is calling the shots in those corporations.
    You have spotted a common theme. This is not one that appeared by accident. You might say this is reporting the 'news'. Yes it is but whoever told you the 'news' is true? The 'news' is just another word for controlled propaganda. The BBC was set up to entertain and inform. Who said the people are informed about facts? Entertain and Inform means to Distract and Indoctrinate.
    So you have rightly identified what is being put out is false. It does not represent what is really going on.
    If we look at the official US data about the economy, inflation and employment - this is all false. The way statistics are collected and produced keeps changing. The figures are manipulated. The markets are manipulated.
    The data is telling the world that the US economy is booming. The employment is at record levels for Blacks, Hispanics and almost at record levels for women. It is all fantastic. Then you look out the window, then you talk to people, then you see stores closing, then you see empty factories, then you realise it is all a lie.
    I fully expect this family are actors, at the very least they are playing a part, this family (in the form presented) does not exist, it is a photoshop invention, all the spending is fictional. The budget appears unreal because it isn't real.
    The controlled propaganda outlet in question is putting out propaganda. People may be struggling, they may see local stores closing but they only see the immediate world around them. To see the rest of the world they look at the controlled propaganda outlets - these paint a different picture. The gullible masses often accept this nonsense. They have been born into this lie system, they accept everything with no sufficient proof.
    The authorities do not want those who could buy precious metals buying them - So buy them until your hands bleed.
    The authorities want people to spend all they can on consumer items to keep the beast going a little longer. So reject all this stuff. Go prepper and as part of that get precious metals.
    You have spotted what is before all our eyes but only the few who have lifted the veil can see the truth.
  12. Like
    sixgun got a reaction from harrygill111 in Gold Monitoring Thread £ only   
    The top of the cup is around the $1350 level - then a pull back if we are to see the cup and handle and then the push on up from there.
    There is a good deal of chart resistance at the $1350 level, so a pull back seems likely. Then another run up and through the resistance so completely the cup and handle.
     
     
    http://www.newtraderu.com/2012/08/20/why-the-cup-handle-chart-pattern-works/

  13. Like
    sixgun got a reaction from Cking83 in Bars Photo Thread...   
    @rob6 sent this 1kg cast Perth Mint over
     
                      

  14. Super Like
    sixgun got a reaction from ChrisSIlver in Lets talk watches!   
    i got a Rolex about 14 years ago when i was flush - i haven't worn it for a long time. This isn't my watch but this is my model - mine is in a safe.
  15. Like
    sixgun got a reaction from mr1030 in Kinesis Gold and Silver currency   
    Kinesis and Tether were compared b/c Tether is a good sized crypto which is backed (by the USD). Tether is being used as a means of exchange currency rather than a speculate investment like BTC. So a reasonable comparative would be Tether rather than BTC. The KAU and KAG coins are intended as everyday money (like Tether). Compare like with like as much as you can.
    The KVT is not the coins. In 6 months time say, you could be minting, selling, spending, sending and trading - whatever you like with the Kinesis coins and never have even heard of a KVT. Accepted that is unlikely but you won't need to hold KVT's or know what they are.
    Neither of us know how Tether raised the cash to kick start Tether but that doesn't stop us using it. i agree if KVT's were a lot cheaper to buy, then more people would buy and it would in the beginning encourage more people to use the coins. This is a decision Kinesis has made to keep launch costs down.
    You could sell your KAU's on the exchange and your gold is sold with the click of a mouse. Do a cash transfer and you are out. 
    Your house isn't a secure vault. There are no armchairs for rings to go down the back of. The audit process is part of the logging in and out of gold/silver from the vaults. This is one of those question about a theoretically possible situation that doesn't happen. It would imply that KAU's were redeemed - say 20kg of gold and a larger amount was handed back. This is an issue with a bank - i come to withdraw $20 000 and they mistakenly give me $25 000. It never happened to me. Does it ever happen? it could do but gold bars more unlikely.
    Kinesis is not for everyone. Not having the resources is not the same as being put off by complexity. Using a crypto wallet is a bit daunting before you start. Using an ATM machine is a bit daunting in the beginning. Kinesis can work with other currencies. If you don't want to use Kinesis that's fine but it doesn't stop me using my Kinesis to pay you in AUD.
    Yes dollar prices of gold have moved quite a bit over the decades. It is not like crypto which is volatile. And gold is at all time highs against the AUD. All fiat is guaranteed to go to zero. i would prefer my value in precious metal. It can pretty much be guaranteed not to go to zero. The other currencies fluctuate, the charts will show you how much. The main fluctuation is they all move down. They are all going to zero in the end.
    This is something i have not taken any interest in. i will be spending Kinesis coins, selling those i get from the KVT and then using the USD to buy more gold/silver to mint. If the cryptocurrency market livens up i might get involved with BTC/ETH. Generally i will be staying out of fiat as much as reasonable. Kinesis will be holding some actual physical cash in some fiat currencies. i am not sure why but they will have their reasons.
    The point was, any system can be attacked. i think you believe Kinesis is a threat to dollar hegemony and b/c of that it has a big target on its back. Well for Kinesis to be a threat to USD hegemony then you are saying you believe it will be a massive success. Perhaps you should buy a KVT. 😎
  16. Like
    sixgun got a reaction from mr1030 in Kinesis Gold and Silver currency   
    Kinesis and Tether were compared b/c Tether is a good sized crypto which is backed (by the USD). Tether is being used as a means of exchange currency rather than a speculate investment like BTC. So a reasonable comparative would be Tether rather than BTC. The KAU and KAG coins are intended as everyday money (like Tether). Compare like with like as much as you can.
    The KVT is not the coins. In 6 months time say, you could be minting, selling, spending, sending and trading - whatever you like with the Kinesis coins and never have even heard of a KVT. Accepted that is unlikely but you won't need to hold KVT's or know what they are.
    Neither of us know how Tether raised the cash to kick start Tether but that doesn't stop us using it. i agree if KVT's were a lot cheaper to buy, then more people would buy and it would in the beginning encourage more people to use the coins. This is a decision Kinesis has made to keep launch costs down.
    You could sell your KAU's on the exchange and your gold is sold with the click of a mouse. Do a cash transfer and you are out. 
    Your house isn't a secure vault. There are no armchairs for rings to go down the back of. The audit process is part of the logging in and out of gold/silver from the vaults. This is one of those question about a theoretically possible situation that doesn't happen. It would imply that KAU's were redeemed - say 20kg of gold and a larger amount was handed back. This is an issue with a bank - i come to withdraw $20 000 and they mistakenly give me $25 000. It never happened to me. Does it ever happen? it could do but gold bars more unlikely.
    Kinesis is not for everyone. Not having the resources is not the same as being put off by complexity. Using a crypto wallet is a bit daunting before you start. Using an ATM machine is a bit daunting in the beginning. Kinesis can work with other currencies. If you don't want to use Kinesis that's fine but it doesn't stop me using my Kinesis to pay you in AUD.
    Yes dollar prices of gold have moved quite a bit over the decades. It is not like crypto which is volatile. And gold is at all time highs against the AUD. All fiat is guaranteed to go to zero. i would prefer my value in precious metal. It can pretty much be guaranteed not to go to zero. The other currencies fluctuate, the charts will show you how much. The main fluctuation is they all move down. They are all going to zero in the end.
    This is something i have not taken any interest in. i will be spending Kinesis coins, selling those i get from the KVT and then using the USD to buy more gold/silver to mint. If the cryptocurrency market livens up i might get involved with BTC/ETH. Generally i will be staying out of fiat as much as reasonable. Kinesis will be holding some actual physical cash in some fiat currencies. i am not sure why but they will have their reasons.
    The point was, any system can be attacked. i think you believe Kinesis is a threat to dollar hegemony and b/c of that it has a big target on its back. Well for Kinesis to be a threat to USD hegemony then you are saying you believe it will be a massive success. Perhaps you should buy a KVT. 😎
  17. Like
    sixgun got a reaction from Groundup in Kinesis Gold and Silver currency   
    I don't know what Tether did. Why does it matter what the 'Tether Velocity Token' was sold for, if it existed? The reason for the high price of the KVT is to cut  expenses. Doing Know Your Customer checks costs the same however much an investor puts in, so Kinesis has cut out those unable or unwilling to put $1000 into the system.
    For small amounts of Kinesis you don't get to choose, but at the same time it may depend on how you got to have Kinesis coins. i bought 100g of gold at the Dubai hub. i will mint 100 KAU coins using that. Once i sell them, they are sold into the system. For me if you have enough cash to buy 100g gold and you want coins, then you should buy the gold in one of the vaults and mint with that.
    Well the issue of a large discrepancy applies to anything. What if you buy SLV shares and it turns out there isn't any silver, what if your safe deposit in the bank is magically emptied and so on. To imagine this large discrepancy occurs due to a fault on the Kinesis side implies someone from Kinesis went in and took a large amount of gold out - stole it. So the question would be, is that possible? i cannot see Brinks allowing that in a hurry but stuff happens. Can a bank clerk go into the bank vault and steal $1 million? Are there security systems in place to prevent this? i would expect so, as i say i cannot see Brinks allowing this to happen - it is their reputation on the line.
    As i said it may not be for everyone. If this employee is living hand to mouth due to you paying them subsistence wages then Kinesis isn't for them. Why would you impose payment with KAU/KAG? You offer this option - maybe you offer to pay 10%, 5% or whatever and then employees can save in gold coins which they can spend in the future if they decide. You get to mint some coins and they get to save in gold - but not have it locked up and difficult to sell if they need.
    The sender pays the fee, not those receiving the coins so employees don't lose 0.45% straight up.
    You have decided it is dead in the water - so that's it for you but as i said if you are an employer and you are seriously considering this, you should contact Kinesis.
    info@kinesis.money
    Why as the State Post Office of a Muslim country would i want to use Tether over a Sharia compliant gold and silver system? From my impression Indonesia is not pro-US - they will embrace a system using God's money.
    The point of adding this 'extra' layer of complexity is you can get your value into gold and silver and out of the fiat system. If you interact with someone who does not take KAU/KAG, then you can convert the gold/silver on the spot through your debit card. It is like, why get paid and hold in CHF (Swiss franc) if you mainly spend in USD? Why bother with extra complexity? Because i would like to hold my value in a stable currency up to the point i spend it. 
    If you are spending all your money instantly then perhaps Kinesis is not for you. Personally i will be getting income from KVT's. Say i get 534 KAU in a particular month - just a made up number. i can sell 500 KAU and then buy 500g of gold which i then use to mint more coins. The remaining 34 KAU is 76 short of the necessary number to mint, but i can put my day-to-day money in to make the 34KAU up to enough to buy another 100g of and then mint with that. i can keep cycling round, minting until i need to spend those KAU on bills. This way i use my cash which might be sitting in the bank making nothing, to mint coins which i will get a 'Royalty' from. Perhaps i can mint a few times before i need this cash. It does mean you need to a certain amount of resources but if you have those, use them to your advantage and not let the banks use your value for their advantage. Kinesis may not suit everyone but i am not concerned about everyone.
    Gold took 8 years to move from $400 to $1800.
    You don't need to think gold and silver are going to the Moon to use Kinesis. Personally i hope precious metals stay low for as long as possible. You will find many here want precious metals to stay low for as long as possible. If prices stay lower, i will be able to mint more coins and so generate a very large number and create a big income stream for the future.
    Tether claims to be backed by USD and will always be worth $1 - so it will always be going down in value due to inflation. Tether has failed to provide the audit to substantiate the financial reserves to prove it is fully backed. i would not be surprised if Tether is not fully backed - that the cash, what there is, is elsewhere and tied up. i do not know but i expect there are many layers of third party risk in Tether. The Feds are investigating regarding its use to manipulate BTC. 
    Tether is very stable compared to BTC and LTC and so on - the latter are way too volatile to use as an everyday currency, at least at the moment they are. So Tether then looks a good choice for an everyday crypto. It is the USD made crypto. What you are doing however is buying into the current dollar paradigm. If you are concerned about fiat currency down the road, Tether is not the place to be.
    The system primarily works on the blockchain, so if Kinesis is going to be attacked then why not all blockchain? Any system can be attacked. You should withdraw all your cash and keep it under the mattress but then your house might burn down or be burgled. i would be more concerned about a bail in.
  18. Like
    sixgun got a reaction from 5huggy in What is this JM Kilo Bar worth ?   
    These bars are worth more than those Umicore bars. i have paid over £500 for such bars. i have seen them go for over £600 on ebay.
    This one sold last November - this bar was on ebay for a long time but it eventually sold.
    https://www.ebay.co.uk/itm/1-kilo-1kg-999-silver-Johnson-Matthey-Silver-Bar-1-697-/323544718998?hash=item4b54c49e96%3Ag%3ADIsAAOSwH-9ZnatK&nma=true&si=xADXgoi2AXyYGMRd6L3YIT2bKyE%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
    The inscription adds nothing to the value of the bar - for me it detracts from it. This over £600 price is heavy, hence the bar took months to shift. For a JM collector something north of £500 is probably reasonable.
  19. Like
    sixgun got a reaction from JunkBond in Brexit status ...   
  20. Like
    sixgun got a reaction from JunkBond in Brexit status ...   
  21. Like
    sixgun reacted to dixiesilvergirl in Tiffany silver art coin   
    WTS https://imgur.com/gallery/7kXXwWY

    Very sad to part with this but. In order to keep the shop running and upgraded we are selling this gorgeous peice of art
    $495 includes shipping
    2016 Palau 10 Dollar Silver Tiffany Art - Jain Antique

       Palau 2016 $10 Silver Tiffany Art Jain Antique coin in your hand

    Jain art is a style of religious art known for its amazing and elaborate structures carved in rock, and your Jain Antique coin displays this art to perfection.
    Launched in 2004, Tiffany Art coins combine Tiffany glass art into exceptionally detailed coins through a highly technical manufacturing process. Because each glass insert is unique, each coin is unique. Adding to its exclusivity is the extremely low mintage of only 999 units


  22. Like
    sixgun got a reaction from Groundup in Kinesis Gold and Silver currency   
    I don't know what Tether did. Why does it matter what the 'Tether Velocity Token' was sold for, if it existed? The reason for the high price of the KVT is to cut  expenses. Doing Know Your Customer checks costs the same however much an investor puts in, so Kinesis has cut out those unable or unwilling to put $1000 into the system.
    For small amounts of Kinesis you don't get to choose, but at the same time it may depend on how you got to have Kinesis coins. i bought 100g of gold at the Dubai hub. i will mint 100 KAU coins using that. Once i sell them, they are sold into the system. For me if you have enough cash to buy 100g gold and you want coins, then you should buy the gold in one of the vaults and mint with that.
    Well the issue of a large discrepancy applies to anything. What if you buy SLV shares and it turns out there isn't any silver, what if your safe deposit in the bank is magically emptied and so on. To imagine this large discrepancy occurs due to a fault on the Kinesis side implies someone from Kinesis went in and took a large amount of gold out - stole it. So the question would be, is that possible? i cannot see Brinks allowing that in a hurry but stuff happens. Can a bank clerk go into the bank vault and steal $1 million? Are there security systems in place to prevent this? i would expect so, as i say i cannot see Brinks allowing this to happen - it is their reputation on the line.
    As i said it may not be for everyone. If this employee is living hand to mouth due to you paying them subsistence wages then Kinesis isn't for them. Why would you impose payment with KAU/KAG? You offer this option - maybe you offer to pay 10%, 5% or whatever and then employees can save in gold coins which they can spend in the future if they decide. You get to mint some coins and they get to save in gold - but not have it locked up and difficult to sell if they need.
    The sender pays the fee, not those receiving the coins so employees don't lose 0.45% straight up.
    You have decided it is dead in the water - so that's it for you but as i said if you are an employer and you are seriously considering this, you should contact Kinesis.
    info@kinesis.money
    Why as the State Post Office of a Muslim country would i want to use Tether over a Sharia compliant gold and silver system? From my impression Indonesia is not pro-US - they will embrace a system using God's money.
    The point of adding this 'extra' layer of complexity is you can get your value into gold and silver and out of the fiat system. If you interact with someone who does not take KAU/KAG, then you can convert the gold/silver on the spot through your debit card. It is like, why get paid and hold in CHF (Swiss franc) if you mainly spend in USD? Why bother with extra complexity? Because i would like to hold my value in a stable currency up to the point i spend it. 
    If you are spending all your money instantly then perhaps Kinesis is not for you. Personally i will be getting income from KVT's. Say i get 534 KAU in a particular month - just a made up number. i can sell 500 KAU and then buy 500g of gold which i then use to mint more coins. The remaining 34 KAU is 76 short of the necessary number to mint, but i can put my day-to-day money in to make the 34KAU up to enough to buy another 100g of and then mint with that. i can keep cycling round, minting until i need to spend those KAU on bills. This way i use my cash which might be sitting in the bank making nothing, to mint coins which i will get a 'Royalty' from. Perhaps i can mint a few times before i need this cash. It does mean you need to a certain amount of resources but if you have those, use them to your advantage and not let the banks use your value for their advantage. Kinesis may not suit everyone but i am not concerned about everyone.
    Gold took 8 years to move from $400 to $1800.
    You don't need to think gold and silver are going to the Moon to use Kinesis. Personally i hope precious metals stay low for as long as possible. You will find many here want precious metals to stay low for as long as possible. If prices stay lower, i will be able to mint more coins and so generate a very large number and create a big income stream for the future.
    Tether claims to be backed by USD and will always be worth $1 - so it will always be going down in value due to inflation. Tether has failed to provide the audit to substantiate the financial reserves to prove it is fully backed. i would not be surprised if Tether is not fully backed - that the cash, what there is, is elsewhere and tied up. i do not know but i expect there are many layers of third party risk in Tether. The Feds are investigating regarding its use to manipulate BTC. 
    Tether is very stable compared to BTC and LTC and so on - the latter are way too volatile to use as an everyday currency, at least at the moment they are. So Tether then looks a good choice for an everyday crypto. It is the USD made crypto. What you are doing however is buying into the current dollar paradigm. If you are concerned about fiat currency down the road, Tether is not the place to be.
    The system primarily works on the blockchain, so if Kinesis is going to be attacked then why not all blockchain? Any system can be attacked. You should withdraw all your cash and keep it under the mattress but then your house might burn down or be burgled. i would be more concerned about a bail in.
  23. Like
    sixgun got a reaction from ChrisSIlver in Bars Photo Thread...   
    Another chunky 1970's ingot from Great Western Coin & Bullion of Modesto, California.


  24. Like
    sixgun got a reaction from Abyss in Plan B   
  25. Thanks
    sixgun got a reaction from dicker in I think I want to cry...   
    i would wear it as a brooch in respect of your Nan.