id5

Excuse me for having an opinion different from YOURS !

 

I think I would say:

YOU are the one who has failed to: "hypothesise, test, record, evaluate" the available vast amount of material on these subjects.

 

You refuse to look at the evidence - and you know next to nothing of the subject. While I have spent countless hours examining the anecdotal evidence through various interviews and podcasts available on the web.

 

Do you claim to be more of an "expert"? :

That's funny, you are one who knows next to nothing on the subject, and you think that refusing to examine any of it makes you an "expert on logic" or some such nonsense. This exhibits the worst sort of blindness and stubborness.

 

Also: you have failed to muster a single point in favor of your argument, as I have requested you to do.

 

Why waste your time (and ours) posting on the thread, when you clearly have no interest in advancing the discussion?

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.

...

And I may have read more science than many on this site, but it is not a barrier for me in my thinking.

 

Instead of spouting negativity, why not make one or two specific points? (I have made several here)

 

You are doing nothing to advanced your argument, which I understand now as nothing but prejudice.

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.

I was years ahead of you and others in getting into Gold,

and am maybe will be years ahead of many in trying to understand these alternative ideas too.

...

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.

.... If you would like me to rip this topic to pieces with real evidence from real scientist I'd be happy to do so but I expect I'd only get another short ban. It would appear to me that many other people on this forum have decided to just ignore these type of topics completely and maybe I should do the same but I'm strangely drawn to such topics, not because I have any interest in them per se, but because I find it incomprehensible that any intelligent, logical, sane person could take them seriously and that’s interesting.

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.

Yes, that's what I'm wondering about. Could I, for instance, go to (lets say) Canada, buy British Silver Coins VAT free and come back with them through customs legally, thus saving the VAT? Not worth a special trip, but if you travel a lot with work it is worth taking the effort to do this if you were going to buy silver anyway. Only if it were legal of course.

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.

GF,

 

Thanks. I meant little bits of silver you could hold in your hand. Jersey is a possibility. I wonder how much you can import legally if you were to go there and buy, say, UK silver coins?

 

What about the USA or Canada?

 

W

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.

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.

Why did Sterling just shed 1.5c?? Anything specific trigger that?

Widening trade deficit is one possibility, from -£6.5B to -£7.5B

My (public sector) pay has been frozen which isn't great when RPI is above 4.4%.

 

No talk of pay cuts yet (would be difficult legally given our contracts) but plenty of talk of redundancies. Our Ministry has been through a tough time the last 3 years and I think we'll be spared the worst of it though. Wouldn't care to be in certain departments...

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.

Thanks for the great chart, id5.

 

I am right in thinking that 100% here represents the 5 and 10 year moving averages?

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.

SOME CAUTION is called for

 

Gold-in-Euros has reached a key resistance level.

...

Will it die here, or push up to the next one?

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.

How do you keep Coins/Bars in mint condition?

 

Remember several debates about taking coins out of the bags they arrive in, seem to recall Ziknik mentioned some silver lost it's shine and advocating airtight bags from Staples for instance.

 

There are plenty of airtite capsule suppliers around(see ebay), if not already encapsulated received from the mints.

 

But what about bars. Making an assumption some form of airtight container may also be wise as with coins? So wondered if people had any specific suggestions, trying to check i'm doing it right or am I concerned about nothing?

 

N.B Link to a post by ID5 as he's such a helpful chap

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.

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

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

Whether or not you buy here surely has to do with the percentage [of your worth] that's already in gold. A small percentage... you should be buying. A large percentage... perhaps can wait a little. Thoughts?...'cos even though there may be strong resistance to the up-side, there also seems to be strong support to the down-side.

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.

Does anyone have knowledge of proof / uncirculated british silver coins.

 

Ive seen a few but arent sure how to tell the silver from the copper/ nickel versions without a presentation box etc ?

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.

....

If PM prices go "to the moon" as we all hope they will, won't this mean that that the value of paper money will have been crushed across the board. So, as the ultimate store of wealth will there be anything worth exiting into and whose going to be a buyer at sky-high PM prices.

...

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

Maybe they are acting as agents for a third party company who supplies these and hasn't reached the VAT registration limit? I don't know, but they are definitely confirming orders of them at the stated price.

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.

Out at 17.90.

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.

It's turning again.

...

No problem, Budget Man will save it with No Stamp Duty for < £250K rule, for a couple of months anyway, come the summer it will be back to heading downward as the lack of incentives to get banks to lend to small and medium businesses will keep the lid on any rises along with imported inflation as GBP slides slowly downwards.

Central Bank Gold Holdings Expand at Fastest Pace Since 1964

Combined holdings rose 425.4 metric tons to 30,116.9 tons

And Brown sold a big chunk of the UK's at a low, what a clever man he is

Apparently it is vitally important on this board not to libel anybody.

 

It was morgan Stanley. I think though they issued Certificates and charged for storage when they had no silver rather than ran an ETF.

It was and it is not libellous to state a truth and below is a link to a letter published on a US Government web site.

"Here, it was found in court that Morgan Stanley gave false balances for Silver to investor accounts and even charged for Silver storage, for Silver Morgan Stanley never had and had never even bothered to buy in the first place."

How much have house prices risen during that time?

In our target area not at all, down about 15% - 20% so far based on sale prices of similar size houses.

At the moment there are a number of rentals coming onto the market that are currently lived in by the owners and they are looking to pay less by renting a smaller property and expect the renter of their bigger property to pay enough to cover their mortgage and hopefully some of the rent. Quite a few of them have yet to realise that rent does not go up in a straight line in relation to house value and larger houses normally generate less rent per £100K than a smaller house. They should have cut their losses earlier. I suspect that quite a few are already in negative equity or just unwilling to take a cold bath on the loss of a previously expected sale value.

There are a number of properties, 2 and 3 beds, that I know have been sold at auction in the area and these are always rented out. The landlords can afford to let them out at a cheaper rate driving the rental prices down.

GBP down, interest rates going up around the world, inflation creeping up, not a problem, the recession is over, Gordon has said so and the statistics of GDP do not lie, do they? Now can someone please point me to the life rafts as I cannot stand the this tune the band is playing.....

This is a good point in general, but can be tricky if no one else is around.

FWIW, my only problem with this is that the injured party was the one using the stick.

When emotionally involved I would suggest another mod dealt with the situation.

This is a good point in general, but can be tricky if no one else is around.

Then the mod should back off, not continue posting and hand the decision over to another mod

The whole banning, suspension and modding has gotten as completely out of hand as the baiting and trolling that came before it.

Mods also have no consistency between themselves because there is no set of rules here for them to be consistent by. The place has grown and like most communities that grow rules need to be defined so that people are treated consistently.

I'm also a cat lover, but please keep Tiddles away from Maples and other .9999's unless you want scratches all over your precious coins!

We must all be bored waiting for the next wave of the cycle to start if we are down to discussing dog or cat, trouble is we could be waiting a few months if the pennant on the GBPUSD monthly chart is anything to go by

By the way the answer is always dog