Compounded

That your ebay group? Did you buy the 10 sovereigns outside of ebay or did he do a listing for them?

I think I joined and introduced myself then just lurked several people were highly motivated to persue him and nothing much came of it.

They were listed on ebay - ebay offer insurance only if payment is made by PayPal, this chap wanted cheque only which did not seem that unusual as I had already bought a couple of Krugers from buyers with cheques.

I havent bought gold on ebay since as Coininvestdirect, Chard and Goldline offer a simple and reliable service its not necessary to take the risk.

It could be an awful lot worse, I might well have never found out about gold investing at all, that was a complete fluke, I was thinking BTL but felt quite sceptical about it and unsure of why. I visited HPC with a genuine enquiring attitude about BTL. I rapidly learnt BTL is a dead loss.

I think it was about the time GF joined and the gold thread really got going, the subjects of high finance, history of money etc. are something I had never thought about at all but they really interested me especially as it became more and more plain that I really did need to protect myself from a greed driven dishonest financial system thats falling apart.

Thing is I would never ever have found this thread here.

Tell me about the sovereign scammer? How did you know that the coin was fake?

I paid for sovereigns and they did not arrive, He delivered one quite promptly and then I waited and waited for a second order of 10 of which one arrived, think I lost about £800, one chap I think lost about £8k. He got away with £50k in total, his history went back several years and feedback was good on many sovereign sales. ebay not the slightest bit of help they only seem to be interested in their fees. The police were no use.

There was a similar scam a couple of years ago just before christmas on wii's, there was a chat forum on which I took part and some of the wii victims were there but it became pretty obvious that I would have to stump up money to persue him with little hope of a return. He pleaded poverty and it appeared he may have had a gambling problem and run off to somewhere in Ireland. (Just going from memory of a deleted thread)

http://groups.ebay.co.uk/clubforum.jspa;js...mID=18000010720

I bought quite a few kgs of scrap UK 50% coins on ebay last year as a long term hold, I did not see much USA scrap silver but I havent really looked.

Most around spot at the time but VAT would have made newer coins dearer.

I lost interest in ebay after I was ripped off by the sovereign scammer and have bought Ag Phils from coininvest direct they are quite good value as I think they are in Germany and the VAT is lower I think its 7%.

I caught my daughter eating fluoride toothpaste, she had consumed nearly a whole tube. I wondered where it was all going. Who can blame her, its called sally strawberry, looks like strawberry and tastes like strawberry. I bet she is not the only child to have done that. All species of animals have survived millions of years without fluoride tooth paste so why do we need it now?

Cheap to produce sugar loaded c*ap foods are the main cause of dental decay.

BTW in many countries fluoride toothpaste has a health warning - not in the UK mind.

Many people have simply can't see how much they're losing when the currency tanks. I myself only woke up to this when I started working outside my native country.

Yes it has taken me a while to appreciate that a wad of notes is losing value all the time, must be years of indoctination that the pretty paper has value.

I've recently been buying more Sovereigns. The reason is that the premium is comparably small even for small quantities (7.5%, not 10%-12% like Britannias or Pandas), but they have the CGT advantage. Another advantage is that they are only 0.2354 ounces, i.e. you can sell them in very small quantities should the price ever go astronomic (or you can buy only half the supermarket, instead of buying the whole chain with a 1oz Kruger). Other coins in that size (1/4oz) usually carry a much higher premium.

I have almost exclusively krugers and sovereigns but like soveriegns best, a real historic coin at very little extra cost. I suppose its because so many were made. I understand they did not circulate much because of the high value a bit like £50 notes now so I suppose they would not wear out much.

Please take the time to review this TV clip of Peter Schiff on Fox Business news. About half way through Peter warns them on the demise of the dollar and everyone starts to laugh like a pack of hyenas. The bearers of truth are being ridiculed in the media.

 

http://www.europac.net/Schiff-FBN-3-04-08_lg.asp

It's depressing me, the more I see the more scared I get.

They just talk about quick fixes that seem to get more and more idiotic.

As an Admin issue...

 

I will probably break this thread into Monthly installments.

I hope there is no objection.

 

The old ones will get saved in the archives section.

That is the plan anyway

No problem with me,

Would it help if we refrain from too many pictures??

Many rocket pictures are likely to get posted when gold goes over $1,000

Thank you Dr Bubb for letting us come here, it's better without all the noisy detractors. Quality has improved I am learning more.

Before I publicly posted a farewell I PMed several posters. cgnao was one of them. Although, given recent actions, I would not be surprised if most of my PMs had gotten deleted by the Mods before receivers were able to read them.

I was alerted to mine by email and received it, I arrived here a bit later but the posting rate has been so high I seem to be pages back most of the time.

Thanks for the message I have been a member here for a few months so prob would have found it anyway.

Faber is a contrarian bases his research on past historical cycles over many many years he spotted well befor J Rogers (who gets all the credit) that commodities were and still are cheap on a historical basis adjusted for inflation.

An example Potatoes non-inflation adjusted UK farmers recieved £15 for a 25kg bag in 1976 and they were very profitable then.

Since then prices fell and farmers have received £3 a bag for years, it's up to around £6 now, food is still cheap.

If potatoes had risen in price since 1976 at the same rate as UK houses a bag would be £180 now.

Now I know why HPC wanted you lot gone.

 

You use up too much bandwidth and cost them too much

No problem with speed here.

Gold approaching $1000 makes the UK mainstream press twice today from what I can see (below). I expected more coverage.

 

But in both cases, the UK press use the upcoming $1000 marker as a way of attacking PM Brown for selling UK’s gold kitty a few years ago on the cheap. No mention of gold as an investment opportunity.

 

IMHO $1000 may unavoidably start the media attention phase of the idealized bubble psychology graph. But if newspapers use the $1000 mark as a means of commentating on the state of the economy, rather than touting precious metals as an investment opportunity, then perhaps gold/silver can stay clear of the public enthusiasm phase.

 

As long as Joe Public see gold/silver as something exclusively to do with bullion dealers and governments, the public enthusiasm stage will not start IMHO. When there are articles in the main sections of papers telling the public how and where to buy, and giving case studies of successful investors (common with property investment for years) it’s a different matter.

Gold is a world market, whats the attitude to gold in the US press?

In the last hours of the old gold thread, I made several posts trying to plead the case that that type of thread could serve as a starting point for people unfamiliar with modern fiat monetary systems and how very new they are: an essential education which could be priceless (I nearly wrote gold-dust ) for people who are unfamiliar with it - I reckon over half the population.

I think over 99.9% are unfamiliar with fiat monetary systems, they are very hard to understand - hence all the arguements in the other place about Fractional Reserve Banking.

Did'nt Ron Paul say that even members of the treasury committee in the US think the dollar is still backed by gold?

This ignorance make inflation and other monetary frauds easy.

Oops. Alright, I DO post too much.

I am still pages back, off to bed now.

The move has been a success - I am a happy, I thought for a while I would lose my regular doses of "The gold thread"

Good afternoon from downunder (the southern hemisphere rather than the dungeon that the gold thread at HPC went to )

 

Anyone know if Cgano is here too? I enjoyed his posts!

Yeah this one is good

Slowly, slowly, the idiots are beginning to understand it.

In a futile, desperate attempt to save the system, central banks are decimating the purchasing power of all currencies. This will lead to total loss of confidence in the international monetary and banking system, utter financial and social chaos and ultimately a return to the gold standard by popular demand.

This is all you need to know and is 100% correct, guaranteed. All else is pure and simple BS.

Hello

I paid off mortgage and saved a bit, found the gold thread on HPC about a year ago and have read the lot.

Put all the savings into gold in the summer and saved in honest money (including Ag) ever since, still wondering about when to exit but I am sure its years away.

48% gain so far (minus real UK inflation over that time) I am deeply indebted to GF and Pluto and many others who have contributed there.

I have spent time on here but like many feel a bit out of my depth so dont contribute much, but have learnt some.