azazel

I asked the manager at Morrisons if he would accept them and after checking with head office they said it would be OK. I only use them for payment of fuel (popped out their packaging so they arn't so collectable) in case theres a dispute. I might start using them in the store also soon. Anyone wanting to do the same could mention this when asking.

When I get time, I will try out a few other Tesco branches to see if they respond in the same way. Its interesting that they want my name and address when I refuse to offer any other payment and its my refusal to give my private details that provokes them to call the police. They have called the police three times now. First time (tarnished metal detecting modern coins) the police bullied me into giving Tesco my details and the second time (big bag of new coins from the post office maximum within the legal tender limits) the police said it wasnt a police matter. Still it was an interesting experiment on many levels. I should have videoed it as the managers faces were quite a picture, but it was hard enough concentrating on the confrontation what with the adrenalin rush.

You can buy in mutiples of 5. I bought 10 the other night in two transactions. Free post if you buy at least three. I will wait for those 10 to show up and then buy 10 more. I always pop them out of the packaging for spending. Morrisons and a local pub accept them now too, without a fight.

my god, it's a small world. Sometimes, when i'm on a plane i look out the window at all the cities below and wonder how many people down there own silver or gold in any significant amounts; more than their wedding ring and a few necklaces... I think my estimate just went down.

 

Good for you, Aza... I might try spending mine. Course, you have to have them by the short and curlies (i.e. the fuel in your tank) before they take it seriously. In a shop they would just say no. You got it in for Tesco, or just the manager btw?

Its a matter of principle as well as a bit of fun. Given the choice I would like to see a return of gold and silver as circulating money. The £20 coin gives me that choice. Its legal tender, lawful money and I dont see how the countries biggest retailer can refuse to accept them. Who the hell do they think they are! I dont have any grudge against the staff but some of them were very hostile and it was quite entertaining when the police were called and they were expecting me to be arrested only to be told its not a police matter and that they had to accept them. They now accept them in the hope that I will go away but I have a stockpile and some of the new ones are on the way too.

 

Dispute with the manager

 

Dispute with the police

 

 

 

They are back...

£20 silver coin for £20 delivered (if you order 3 or more)

Just ordered mine.

You can't lose really, I mean just spend the £20 if silver never makes a moonshot.

 

 

http://www.royalmint.com/shop/Outbreak_2014_UK_20_Fine_Silver_Coin

 

 

 

 

 

Which one of you was it?

 

???

Just how has he been "treated" ?

 

I am slimming down Mods, as I have stated.

One by one, I have transferred 4 to "Members" for reasons mentioned.

 

Why should I pay for an maintain a website for "azazels" who simply want to sling mud and abuse the host?

 

Shocking bad manners, Az.!

 

Because this thread was goldfingers thread and you moved it to the loony forum and removed goldfingers moderation. I think thats disrespectful of a truly great contributor. Clearly he also did which is why he has quit. I do not want to "sling mud and abuse the host", I have always been respectful to you as you generally are well mannered, but I do not see the sense in vandalizing what is probably the most popular thread on the site, upsetting some of the most regular contributors here. It seems like a moment of madness.

By the way, how do I have to interpret that I am no moderator anymore?

 

Have my times at GEI come to an end?

 

EDIT: Oops, sorry, I saw your private message. I also see that the hyper-deflationist RH still IS a moderator. OK, so, that is the end then. Bye everyone. I had a good time on here. You know where to find me.

 

--- POST 11,440: GF OUT. ---

 

Thanks Goldfinger, I for one appreciate all your posts and its outrageous that you have been treated in this way. It seems the same moronic behavior that occurred at HPC 3 or 4 years ago has also occurred here. I do hope you visit Pix site.

I was thinking philharmonics or maples. It was silver maples for me and unless this "correction" goes further, I may have nailed the bottom at £549 a kg. We will see.

 

I think I nailed the bottom to the day. Makes a change! Perhaps I should try trading....

Thanks for the advice. I don't quite have enough money for 100 sovs

 

azazel, any reason why you prefer sovs?

 

 

I like them as they are about 1/4 of an ounce and so a more reasonable size and value thus more affordable in that sized unit. They are also CGT exempt. There is no VAT to pay on gold at all. You can "make" over £10,000 without paying tax due to your allowance, and double that if you are married so depending on the gain, you might not have to pay any tax on a £20 grand investment anyway.

 

This will be the first time I've actually purchased physical. Do you guys have any tips? Ie : what size bars, coins, websites, countries (guernsey vat free?), ebay?

 

Cheers

I would buy only sovereigns. If you phoned all the various coin dealers and negotiated a discount, im sure coininvest would match or beat that price. Buy in lots of 100.

Perhaps I should mention that the most aggressive "disrupters" here, are the core posters on another website. It is very easy to imagine what their motive is. Perhaps I should just ban them here. I haven't seriously thought of that, but I welcome comments now.

 

 

I dont think you should ban anyone, why would you want to do that? Its exactly this attitude thats thats gone wrong here.

 

I just cant understand you. The world is facing financial meltdown and escalating wars and there is a very compelling argument for gold as a defence to this, which is why the price of gold is rising, and yet you think that holding physical gold coins is in someway a cult type behaviour and not to be encouraged on this site? I dont know of anyone who has been disruptive here, unless you think disagreeing with you is disruptive.

Bubb, your behaving like a troll.

 

In Internet slang, a troll is someone who posts inflammatory, extraneous, or off-topic messages in an online community, such as an online discussion forum, chat room, or blog, with the primary intent of provoking readers into an emotional response or of otherwise disrupting normal on-topic discussion.

 

I suggest its just to provoke a reaction to drum up more activity on your site.

I dont know why you have such a problem with those who want to own some gold. Of course you will say you dont but the things you say prove otherwise.

 

You never ever accept any of the criticism. You ask "what changes are needed?" I foolishly thought you meant changes to the website but clearly its "changes to the thinking of the GEI people" you are referring to.

And Crashman Begins

 

Agree

 

Certain people on this site pleaded with everyone to understand what was going to happen. TO PROTECT THEMSELVES

 

A fair 50% crash was due, but they decided that it would be best to crash the system so hard that they could move the goal posts.

Youve got to keep up with how this is playing out.

 

An idea / plan from 2004 is not going to work in 2012

 

http://www.housepricecrash.co.uk/forum/index.php?showtopic=174795&st=60

Here is a great post from Sir Harold M at HPC that sums it up nicely

 

I don't like the way this country has been run. I can see the flaws.

I do not cry about my personal circumstances because I can take action to hedge against mistakes.

 

We all know our currency is being devalued . Stop whinging that your 50k or whatever savings you have are being inflated.

 

By retaining in cash you are deliberately, wilfully, and explicitly accepting a counterparty whose credibility you doubt.

 

You are no different than a sub prime investor.

 

If you don't like the monetary policy of your fiat issuer short them or move your cash to gold .

 

This forum is full of people who were banging on about their pile of savings this time last year and how they hated chopper and merv and how qe was destroying their savings.

 

Did any of you keep it in Gbp despite your knowledge? Then stop whinging! You took a gamble and now you blame someone else for a decision you knew was wrong!

 

If you had 100k for a 50 pc deposit this time last year and you had switched it to gold, ( with a bit of quanto ) you could now almost buy your house . One year to buy half a house? How much more of a ******in crash do you want?

 

If you didn't move to gold ( I didn't) then you chose the wrong currency to invest in, proably because you didn't want to ! Your choice, your outcome, not my fickin problem !

 

http://www.housepricecrash.co.uk/forum/index.php?showtopic=174795

LOL, the anti gold bias is in full swing, even suggesting that those who own it are in a cult, to discourage others from joining this "cult" by owning some themselves.

 

The same thing happened over at HPC when the controllers, the moderators, decided that all this talk about gold was dangerous and was to be discouraged. Some still talk of their regret of not listening as they feel they missed the boat on gold. So it turns out that the controllers at HPC were wrong as gold did appreciate against houses and the crash came when valued in gold not GBP. So, who do they think they are, deciding how people should think? Surely a forum is a place for people to come and think not come to be told how to think.

 

The thing is, gold is not like owning google shares or barclays shares. Owning gold can be a way of rejecting the system. Its removing your wealth from the banks, rejecting fiat money as a means of saving. If the system collapses, financially speaking, owning gold may prove to be the best defence.

 

Bubb says, "I WANT GEI people to use Gold as a Tool, not behave like a "Gold holders support group." You say "post more and post what interests you", (which is like the psychiatrist saying lye down here and tell me how you feel) but who do you think you are telling any one of us how you want us to behave?

 

I say again, is this place some sort of a clinic where sick people come to be treated by the good DrBubb for the affliction of not thinking in the way that the Dr see best? You will drive away all those who do not want to be one of your "GEI people", who want to think differently to you.

 

May I suggest a new name for the site, "Gold Enthusiasts Institution, where goldbugs can be healed from their sickness"

 

Good luck with that then.

I think Maples 25 a tube, Eagles 20 a tube. Forgot how it is with Phillies.

 

Phillies are tubes of 20.

My thoughts are that they have really moved the goal posts by printing shed loads of money. Just look at how the Fed's balance sheet has changed since then, e.g. take the $1,200 and multiply with the factor the balance sheet of the Fed has increased since then (where would we be, $3,000?). Then try to figure how it WILL change from here... I also paid less attention to money supply and velocity at the time. Had I done so, I'd most likely not called $1,200 an equilibrium (I was a little too much influenced by van Eeden's model back then). Also note that I used government CPI in that statement. I am still on a learning curve, and was all that time, like hopefully everyone. That possibly explains why I was more happy to write about much higher potential gold prices over time, when I moved my focus more to the monetary models for the gold price. As for the overshooting part, yes, I think this will happen again. It's most likely going to be maniac, so we haven't seen any of this yet.

 

Thanks, I thought this would be your view, but its nice to hear it and Im sure others will agree.

Nice charts Goldfinger. I was reading your comments at the start of the gold thread over at HPC. I wonder what your thoughts are today on this post of yours back in march 2007.

 

"I would not sell below USD 1200, which is in my opinion the equilibrium price today.

But I expect it to go much higher, since markets are not rational. Just look at house

prices - another case where it's difficult to call the max. Inflation adjusted maximum

prices for gold in 1980 were around USD 2000/ GBP 900 per ounce. That might give

you an idea. Gold would have to triple from where it is now. But 1980 was not Armageddon."

 

http://www.housepricecrash.co.uk/forum/index.php?showtopic=43821&st=15

 

BTW, your in box is full.

From 31st Oct 2010:

 

 

 

http://www.greenenergyinvestors.com/index.php?showtopic=4058&view=findpost&p=190279

 

Azazel took me up on the wager:

 

 

 

http://www.greenenergyinvestors.com/index.php?showtopic=4058&view=findpost&p=190289

 

I will be good on my word, although I had completely forgotten the bet and still don't even recall making it. I must be getting old! Looks like you will win at this rate.

Two stories I was told (1st/2nd hand):

(1) Self-employed software developer in UK. Would get no mortage at all, not even at an 80% down payment!! Bought house for cash in the end (he could).

(2) Young couple, he bought a while ago. Now they want to move together. He won't sell, since it would be at a loss. He tries now to become a BTL, and buy another one. Good luck, given (1).

 

My bank would not give me a loan as I am self employed and not a home owner, regardless of my income and other assets. I thought it was a bit cheeky considering they had just been downgraded by a credit agency.

Why? This thread is about GOLD so really I would of thought it was open to all discussions/questions relating to GOLD is up for grabs. Lets take GOLD on face value without the speculation and you will clearly admit GOLD has not hit the targets boasted by the multitude of GOLD cheeleader sites.

So far the advice on this thread regarding buy and hold does not stack up. The whole point of hoarding GOLD is to support vested interests by limiting the local supply, and forcing up market values. Yes I know you have ingrained response that is clearly echoed all over the internet, about GOLD will be the last man standing that represents a safe haven of wealth. So why then is Gold being sold off to prop up other failing asset classes? Well perhaps GOLD is not an income producing asset? So if we all bought gold and buried in the ground how would this help the economies?

 

Talk about conspiracies........ Ooh maybe the chosen few will reap the golden Nirvana.............

 

Other than this reply, all others are a waste of time.

Is that £549 a kg plus VAT?

 

I think the next 7-14 days will show if it is a Bottom!

 

To be fair it has had a real pounding, and with all the gloomy news about, it is usually a sign of a very good time to buy!

 

Regards

 

ML

That was the spot price. The coins turned out at £22.88 each with VAT which is 20%.

Hmm, maybe you shouldn't get all your information from the North Korean ministry of propaganda.

 

I am sitting here totally relaxed, sipping a Nespresso with the sun shining through the bay window, asking my wife whether we should go for Silver Eagles or Maples, and as an American she wants Eagles not at least also because of the "pretty lady" on the back.

 

This year silver has again shown what it is capable of during fairly civil market times. I buy now at a third off the high, which is an old all-time high from the 1980s!! No doubt silver will go times 3, 10 or who knows how much higher from here.

 

What was M3 in 1980? What was the average income in 1980? How much smaller was the world population in 1980? How much less solar energy was there in 1980? Etc.

 

 

It might very well be.

 

I was thinking philharmonics or maples. It was silver maples for me and unless this "correction" goes further, I may have nailed the bottom at £549 a kg. We will see.

I might not be able to post much over the next few days. So, ho-ho-hold on to your gold foil hat in 2012. Merry Christmas (to whom it may concern)! Ho-ho-hold!

Thanks for all your input over the years. 2012 looks like a spectacular ride on the PMs, best wishes to you and your family in the future. Regards, Az and family