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id5

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Everything posted by id5

  1. I have not only read the article I have also read many others, one of the first I ever read back in 70’s was Daniken’s ‘Gods from Outer Space’, it got me interested in many things. I found out later that it like most of this type of material was based on a few facts surround by unsubstantiated ‘what ifs’, misdirection’s and outright lies that the author had to be aware of in order to write the book or article. Your assumption – I haven’t read the material – Wrong Your assumption – I know nothing of the subject – Wrong Your belief that I am not advancing the discussion on the thread – Wrong, it’s just not what you wish to hear My advancement to the thread is not about the points in the article but about points in the thread brought up by WiseBear on the article being ‘Total rubbish’ and JD’s on scientific and philosophical theories. It advances these points but not yours, it is detrimental to your belief in the validity of the article and so you deride it. You have always asked for lurkers to be more active and that posters than have gone away to return and tell you why. I did and I have, you disliked it with venom and responded to polite thread conversation with hostility. What’s next, if posters do not follow your belief then they get banned like the anti-gold believers did in HPC.
  2. The rational of my argument is that of your failure to both understand and then apply the basic logical test of hypothesise, test, record, evaluate, re-hypothesise...you missed the salient point that I made. You fail to do to the scientific what you do in the finance instinctively, hypothesise, test, record, evaluate, rinse, wash, repeat... Instead you stated that I sprout negativity, and indirectly that I have a barrier to my thinking and I am prejudiced. Yet at no time did you ask had I read the article, had I read others in the Fringe section. You did not seem to apply thought, you seemed to instinctively react. When I challenged you what you immediately did was to personally attack, just as people do when their belief is directly challenged.
  3. I have been in engineering and science about as long as you have been in finance. You are ahead in finance and as I said in my previously post 'I have learned from you' but you have a very long way to go in engineering and science.
  4. You would be wasting your time WiseBear, they cannot understand the difference between a scientific theory and a philosophical theory, empirical data or logic means nothing to them and they just create another philosophical idea to ameliorate the empirical or logical, that philosophical idea then becomes a truth to them. You are arguing against belief. This dogmatic following of belief is the reason that I rarely post here. I lurk occasionally for the few financial posts that remain, picking up the odd tip and occasionally dipping in the posts on current affairs. Originally like others I came from HPC following Bubb, CG, GF, etc to get a better understanding of finance, its implications and how I should protect myself financially. I learnt how to begin to do that on this site and I thank all for that education. It’s Bubb’s site, it’s his playground and if he wants to turn it into a conspiracy site because that is his religion then so be it and those that are here for finance will continue to drift away.
  5. Steve ask for a guide in thread http://www.greenenergyinvestors.com/index....ost&p=49050 like this so here is my attempt to guide people in buying coins Should I Buy Coins or Bar The choice is yours but you should ask the question, “What is easier to sell, a bar, commemorative medallion or a coin that is legal tender in the country that it is produced in?”. If you buy certain coins then in the UK they remain free of Capital Gains Tax as all sterling coin ("Legal Tender") is not a chargeable asset under the Taxation of Chargeable Gains Act 1992 What is Sterling coin or "Legal Tender" is a bit more confusing as all coins before the Coinage Act 1870 are within the prerogative of the Crown and every else is covered by Parliamentary Acts. Basically everything before 1969 is no longer legal tender and can be melted down anything after cannot. Gold coins are treated separately in the different Coinage and Currency Acts and these make all gold coins from 1837 legal tender and they cannot be melted down, this is also why gold coins are CGT free. Silver coins are different again you have to go back to 1947 when there were 50% silver, pre 1920 they were 92.5% silver, none of these are legal tender and are not free of CGT in the UK but modern silver Britannia’s are. Other countries have different rules so you do need to understand the ones in your country What Coins Should I Buy, Numismatic or Bullion, Krugers, Ducats, Sovereigns, Maple, etc If you want a coin may go up in the future because of its rarity value then buy a numismatic coin. You can buy them from most numismatic dealers, in the UK have a look at http://www.bnta.net/ for a list of dealers, there are loads and the coinage does not have to be gold, in fact some of the rarer and more expensive ones are not gold. Like anything rare the price increases but only when there are buyers who have the cash to buy them. Keep away from them unless you want to be a collector as there are better things around to waste your money on. If you think that the financial markets are rigged then you just would not believe the antique market. If you just want a bullion coin then are many but I suggest that you stick to ones that are easily available in your country as then they are easier to resell as your local dealer will know what they are just by touch and sight. If you take in something like a Poltina then the dealer will not know what it is and you will not get a decent price for it. Precious metal dealers like Bairds in the UK are not numismatic dealers they are bullion dealers, even though they sell coin it is in the main bullion and not collector quality. Physical bullion is a different business, if it is rare they can't melt it so they do not really want anything to do with numismatic quality coin and they just want to pass it on for as much as they can get. How Do I Tell That It Is Not A Fake Whatever you do don’t buy a Fisch, you don’t need one just buy a small metal ruler and a small digital scale that reads to 0.1g, that’s all you need and unlike a specific tester you can use them elsewhere, also a high quality print of the coin helps. You don't need coin testers, specific gravity tests, resonant frequency tests, hardness tests, etc... Check the coin against the print. Measure the diameter, measure the depth and measure the weight. A clean coin, not drilled, chipped or bent will always be within a few percent of the official size and weight of the coin. If it was gold covered lead it would be 1/3 thicker, it does not sound much but place it next to a real coin and you will see just how much it is. If it is 9ct gold and not 22ct or pure then it would be close to a 1/4 thicker. Your fingers can tell the difference of over 1/1,000 of an inch, it is very, very noticeable! Last test for coins that are not proofs, balance it on your finger over a carpet and tap the coin lightly with a pencil, this tests to see if the coin has been pressed or stamped and not cast or made of a sandwich of metal. If it goes ‘ping...’ and has passed the other tests it is so real I would be happy to buy it off you, regardless of what you think it is. If it goes ‘dofh’ then it is a fake. That’s all you need. What Fakes Are There They are likely to be fake coins made from 9ct gold or plated lead or other metal. Lets take Krugerrands as an example, if you did get a fake 9ct Krugerrand you would spot it quite easily but not just through the colour as that can be matched by adjusting the metals used to make the coin. Size and weight would be the biggest indicator, if the size was right the coin would only weigh about 25g, the difference of 9g is about the same weight as a £1.00 coin. If the weight was right then it would be a 1/4 larger than its true size be it either wider, deeper or both. A 1/4 of anything is a huge amount and easy to spot. Trust your senses, I received a 9ct Austrian Ducat fake and as I took it out of the packaging I could tell that it was wrong without resorting to scales or ruler. If you handle a 100 or so 22ct or pure gold coins and then pick up a 9ct or 14ct coin, it will tell you. Handle a 1,000 and you will not even need to pick it up to see that it is wrong. Not everyone has the opportunity to handle lots of coin so reply on the ruler and scale method. There are meant to be fake coins out there that do weigh the same as the real coin they are supposedly made out of platinum. So even if you find one then don’t worry if anybody found out as currently it would be worth more than gold. Nobody has found tungsten fakes yet because the metal is just too hard to work with and gold is still too cheap. Try stamping tungsten in the same way that a coin is made and it will destroy the stamp mill after a few rounds have been through it. The only way to do it would be to use a tungsten core with a gold bonded outer shell that could be stamped. A setup that can do this would be costly, it would have to produce a lot of fake coins to make it worthwhile or the price of gold would have to be far higher. Apart from Tungsten and Platinum just about everything heavier than gold glows in the dark and makes your hair fall out if you near it for too long. Selling Private buyers if you can find them but be careful of selling anything but numismatic coins in an auction as the margin may just wipe out your profit. Dealers are good as they basically charge spread/commission on the price of gold, gold price futures, the size of their stock and the amount of demand they are seeing. They are interested in turnover not investment, sell 1 coin make £10, sell 1,000 coins and make a £10,000. A good dealer will fill up when they think the price of gold is low, future price looks upward and the demand that they see is high. At present most dealers have little stock left and demand is high even though gold price has stabilised. In a selling market they will increase the spread/commission as much as they can to cover any short fall. Some will even hedge the market to reduce any potential loss. Remember that just because you are aware of the market conditions the next person in line may not be or will believe that the price of gold will go up or they must buy gold to fulfil a previous order or buy for manufacturing. Also you would be amazed at how many people want to buy or sell PM’s without having to notify someone. Relatively compact, easy to sell, price may spike up and down intermittently but over a longer term is quite stable. Buy a coin a month, save them and give them to your children, grandchildren or lover before you pop your clogs or even leave them a letter in your will with a pirates map. Take a few abroad and flog them to pay for you holiday spending money. Physical is so hard to tax, that’s one reason why governments hate PM's
  6. id5

    SILVER

    It is a personal import so up to the money laundering limit is not a problem. I always try to bring something back from whatever trip I take with silver though weight quickly becomes an issue on airplanes so I generally only bring it back when I travel by train or car.
  7. id5

    SILVER

    You can import as much as you like Wanderer but you may have to pay import duties if it is from outside the Eurozone and those roughly equate to the cost of paying for the VAT in the UK plus you still have to deal with shipping costs etc. The only advantage is in personal importation by beating the VAT difference by going to Germany for example, buying silver there and bringing it back.
  8. id5

    GOLD

    Every time I buy gold I think that I am a fool to buy at the top but then I remember that is really a currency not just a commodity.
  9. I have been short with you but since 1.53, I am looking for the drop to continue until 1.40 - 1.39 but I will sell a half at 1.41 and then the rest when it bounces
  10. id5

    GOLD

    Widening trade deficit is one possibility, from -£6.5B to -£7.5B
  11. Think yourself lucky my private sector wage took a 10% haircut last year and no increase this year although hopefully by September when it is renegotiate it will increase but I suspect only by a couple of % maximum.
  12. id5

    SILVER

    Actually the 100% origin is for each individually. The value is the percentage increase or decrease in relation to each origin where the 5 and 10 year are percentage increase of the averages of the values that make up each set. It may have made more sense if I had used 0% as the origin but the graph would have stayed the same.
  13. id5

    GOLD

    Push up, I think as there is plenty of headroom. If we treat gold as a currency then TA works just as well with gold as USD or EUR. Lots of resistance at $1,159 but if it pops above $1,215 then up we go.
  14. id5

    The Beginners Guide to Gold/Silver

    Always ready with an arm to help the old ladies into the path of oncoming vehicles For coins see the advice in the coins thread here but for bar a very light smear of any oil will do then wipe with a dry cloth. The visual condition of bar is really immaterial to its price as it has no numismatic value, it’s just bullion. There are though collectors of 1oz bar style tokens and those should be kept in the same manner as silver coin as there is some premium over bullion value for condition. There are also a few buyers of old hand poured bullion bars that are interested in the pattern and style of the stamping on the bars but these collectors are very few and far between and more often than not their collection is sold or broken up rather than going to a new collector. Again they would advocate a light oiling and darkness as the best way to store the bars as the completeness of the stamps and patterns is of greater importance than the perfection of surface quality.
  15. id5

    SILVER

    It's been a while since I posted the previous chart for you all
  16. id5

    GOLD

    It's been a while since I posted the previous chart for you all
  17. It has been a while since I have produced these graphs, the scatter in Log y just to keep Goldfinger happy. Still looks like a falling market to me.
  18. id5

    GOLD

    If you still believed that seasonality occurred in gold then it should have dropped by now. The price is being kept in the ascending triangle by the weakness being shown in the EUR and people selling because they always at this time of the year. I put a chart on the gold thread a few months ago showing the march of the year peak to the end of the previous year, away from the seasonal influence.
  19. id5

    SILVER

    There is no finite list as the majority of these are not coins but tokens, coins are only produced by the offical mints, no one else is allowed to mint a coin but many produce tokens.
  20. id5

    Commander T's Diary

    You are not the only one that thinks that banks will go up especially Barclays. I would also add in to your thoughts that those with spare cash are thinking about buying stuff including stocks, etc because of the belief that the value of their currency is going to go down so they might as well be out of it. A guy at work was citing that as his reason to buy a new car, next year it will cost a whole lot more in GBP. I know it is not an original though that he was having and we all know what herds are like.
  21. id5

    Commander T's Diary

    An interesting chart but I would like to know yours reasons as to why you do not think this would be a likely path?
  22. id5

    SILVER

    Regardless of the quantity of PM's you hold, I will always buy them from you for 90% of their value If they have doubled in price you will still have made money
  23. id5

    SILVER

    Correct. Any purchasers should not worry because if was sold to you for a reduce VAT price and it is wrong then the seller has to pay the difference not the purchaser. The seller cannot request or enforce the return of the item because you paid the correct price for the item which is its un-taxed price. It is the sellers responsibility and risk if they have not collected enough tax.
  24. id5

    SILVER

    I think that you came out too early there RH, personally I would have waited until silver broke through the green trend line at least if I was confident that silver was going to drop. It is still cheap when compared to and is being pushed upwards by gold which is producing a big bull flag.
  25. id5

    Commander T's Diary

    Trade your plan. If you think it is going wrong then sell, if you do not have a profit taking rules in place then sell. It is about increasing value by cycles of evaluation, improving the rules, re-planning and trading again.
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