azazel
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Posts posted by azazel
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I was listening to the radio yesterday evening. They were talking about Worcester Ceramics and its resurgence due to the impending royal wedding. The most expensive piece was 400£.
You got to move atleast 10 tons of earth to mine 9999 fine gold 1 oz. And it costs only 900 £. Its cheap still.
Its amazing how gold and silver represent hard work. Both these metals have been viewed as valuable for thousands of years, and with all the advances in mining technology, they are still only available in trace amounts.
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At least another $120 inflation adjusted dollars to go according to Jeff Clark
And with much more inflation to come, it will be much higher than another $120 when that time comes.
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BTW, I am still here. You would not believe the trouble i've had with BT the last 2 months. Broadband has been done most of that time!
Good, I missed your posts.
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TAX
Do people realise that if you are based in the UK and you invest in gold sovereigns. You are not liable for capital gains tax on this investment.
So if you make £100,000 on your coin investment then you keep the lot.
If you choose to invest in shares or an ETF then you are liable for the tax and you only get to keep 72,000 and you have to give the rest to the treasury.
For me this is a major reason not to invest in shares. You have a 28% head start over any share investment.
I don't think people are aware of this tax free perk.
You do not even have to declare anything about sovereigns. So you still get the cgt allowance on top of that.
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azazel?
Nope....... dont get it.......
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Birth of Britain
Season 1 Episode 3 of 3
Tony Robinson goes in search of the UK's gold, visiting mines in Wales and Northern Ireland, and trying his hand at panning for the precious metal in Scotland. He also explores the geological events that came together to produce the deposits. Last in the series.
Documentary
Channel 4 8:00pm-9:00pm (1 hour ) Mon 31 Jan
Its very interesting, thanks.
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SHK Asset Management = WEAK HANDS.
Good riddance.
I hope the investors in SHK remember this when gold hits 1600, 200, 2155.
You must have been listening to Realist bear and Ker. Theres no way gold is going back to $200
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How they could stop it going down to far is to create loads of inflation, that would mean that even with prices just drifting down they would really crashing against real things. I think that is their aim to stop as many mortgages being defaulted on, let the market drift slowly lower while creating massive inflation.
I agree, that is exactly what they are going to do. This is why the crunch point for HPC came when you either accepted the gold arguement or rejected it. They rejected it by moving it off topic. Thanks to goldfinger and cgnao and others I seem to have made the right decision. When the massive inflation hits, there will little that can be done to preserve any wealth you have in currency, as the lifeboats of gold and silver and other commodities left long ago.
A clue. Why are they replacing coins such as 1p, 2p and starting with the 5p, 10p, with steel versions? To save 10 million a year? Rubbish! It will cost much more than that to change the machines and all the copper and nickel in circulation has not been consumed. The copper coins have been harvested from the population by the bank to recall all that copper, so if anything, its been a good investment as the price of copper has gone up since the mint bought the copper to make the coins in the first place. The coins are being made of steel so that people do not hoard them to preserve their wealth as the metal content of the coins will be worth more than the face value.
Will they be able to control the inflation, as history shows that many have failed in the past.
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Can anyone add how much the average wage has increased by from 1978 to present? That would give us an interesting comparison of the ridiculous rate of house price inflation.
Yes it would. My Dad earnt £2500 a year. If he was still doing the same job he would be on about £18k. Interestingly, that means wages have gone up by 7.2x, the same as gold today (if the price was correct for 1978 not 74)
He had a mortgage of 3.5 x and £2500 deposit which is how they afforded the £11,150. Houses have gone up 22 times. She was trying to sell for over £280k and has reduced to £250k. They have been a fantastic investment with a rental income and tax free if you got round the CGT. I cant see how they can continue to be a good investment until there has been a correction in asset prices. I dont think houses are going to crash more than 20% as the banks have an interest in keeping thier values up. The HPC bunch will be dissapointed. Its much more likely to end in very high inflation and gold to £2500 an ounce and the cost of living will go to the moon, followed by wage rises.
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My Mum has been clearing out a flat of a old lady she worked for, who has now died. She has found 5 sovs with the reciept dated 1974 when they cost £31.50 each. They now cost £228.50 or 7x more.
Interestingly, she bought her house in 1978 for £11,150 and now she is trying to sell for £250,000 which is 22x more.
I think think this makes gold look very cheap still.
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Say hello to £20.00 silver!!
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WTF!!!???
Fake silver panda for sale £40.....LOL... Its like discovering that the krugerrand I bought for £950 was a fake and then trying to sell it for £1500
http://cgi.ebay.co.uk/2008-CHINA-PANDA-10-...=item2308f829c8
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Ugly as a barrel of monkeys' wotsits - but an ounce is an ounce.
I might buy one as it might be the only one sold (seeing as you lot wont be buying one)
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OK, my daughter and I went through my pile of approx 1000 x pre 1947 3ds and picked out the 1920 ones. We then did a tinkle testby dropping them one at a time and listen to the sound they make. The 925 ones make a more brilliant tinkle. Compare other .925 3ds with othe .500 3ds and they have a different sound. They also look different, more grey, not so green.
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Yeah. Some 3ds and 6ds issued in 1920 are sterling. No way to tell them apart for sure though. All shillings and higher from 1920 are .500.
Thanks, I thought so. Im going to sift through my pile of 3ds and 6ds and see if I can spot the .925
Does anyone else have any experience with this? Warpig, you buy old coins dont you?
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An entertaining video with Max Keiser & Mike Maloney In Paris (1/3)
http://goldsilver.com/video/Max-Keiser-Mik...y-In-Paris-1-3/
Sorry, I dont know how to embed video.
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Are some 1920 dated British coins .925 silver? I have noticed that some 1920 coins have the greenish appearance of pre 1946 coins due to the copper content but some 1920 coins have the grey colour consistant with the higher silver content.
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I get all mine delivered to my work address
It really bugs the hell out of me that I can no longer buy silver on ebay as the postman will steal it or I have to pay recorded delivery and monitor the parcels state of delivery. I would have to do a sting or investigation type work to catch him out. One of the parcels he stole was signed for and the record shows it was signed for. Fortunately, the losses are not too bad at about £50.
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Az, how can he have opened the front door?
Is this the countryside where you leave everything open?
BTW I met Vince Thurkettle the other day. Have you heard of him? A treasure hunter.
Finally, in this mish mash of a post, Mish on silver - http://globaleconomicanalysis.blogspot.com...end+Analysis%29
We just left the door unlocked on that occassion. Do you lock all the doors on your house when you are in? I remmeber you telling us about being burgled. At least the wife locked the bathroom door! I recon he has stolen another parcel with a small amount of silver in it. Im going to confront him about it and say that unless my post turns up, I will be going to the post office and the newspaper to report the intrussion.
No, I have not heard of this Vince chap. I will look him up on google later.
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I guess a discussion about the title could engulf in due course.
Maybe it should just be called: GOLD
Nice! 1,500,000 views. Should have done this in the begining
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I merged the old gold threads together so they don't always get lost. I am not sure whether I found all of them, but quite a few I think.
Let's hope this thread won't cause a black hole with so much gold in one place!
You make a good case to have just one gold thread pinned.
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If you have so much silver that you cannot keep track of it all, I would like to apply for the position of Azazel's administrator!
How come the postman knocked on the bathroom door - did he let himself into the house? Not just creepy but a clear and present danger to wife and silver.
Yeah, he rang the bell and my wife thought "thats the postman, he will post it through the letter box". The next thing, he opened the front door, gone down the hall and knocked on the bathroom door. WTF????
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Look, this is not really about silver except very tenuously. But I really had to tell you all about it.....
I lost an item (of silver in the post recently) but I may of had it. My postman signs stuff for me to save me the hassel of going down the post office to get it later. Im 99% sure I did not get it, but I buy quite a bit so I may have over looked it....
Anyway, while I was out taking the kids to school, the post man came in our house and knocked on the bathroom door while my wife was in the shower. "special delivery" Do you think think this was 1st class service or a bit creepy???
Ive got my eye on him.......Its one thing trying it on with the wife but stealing my silver.....!!!!??????
azazel?
SILVER
in Gold, FX, Stocks / Diaries & Blogs
Posted
http://uk.reuters.com/article/2011/02/21/u...E71K2P020110221
(Reuters) - The Heraeus Photovolataic Business Unit is building a new facility in Singapore to produce silver metallization paste used in crystalline solar cell applications, the company said on Monday.
The company, a unit of German precious metals house Heraeus, said the plant will include research and development, manufacturing, sales and technical services, and is expected to being operations in the second half of 2011.
The new facility will be Heraeus' fourth manufacturing site of its kind. The company already produces paste for the photovoltaic industry in the United States, Germany and China.
Silver use in the fabrication of photovoltaic cells has grown rapidly in recent years and is set for further expansion, metals consultancy GFMS said in its latest industry report on the metal for the Silver Institute.
Silver prices have rallied sharply in recent years, reaching a 31-year high at $33.50 an ounce on Monday. Analysts say rising industrial demand for the metal is set to be a key support to the market this year.