id5

Okay back to house prices. I was just going through the local area using Rightmove with Property Bee and noticed that asking price on rentals are falling as well. Been a while since I have seen that happen in their area? As an anecdote, in the last 5-6 years we have been renting we have never had the rent put up.

Understand where you are coming from Iggle but you are 6 days out and the repression of the pagan festivals of the beginning of winter occurred in the Roman times across the whole of the Empire of Rome as Christianity took over, the festival was replaced with a Christian festival sometime before the 4th century. Rome was very good at hearts and minds and rather than forcing change they took the longer term view of adopting the festivals and changing the practices, something the US and UK need to relearn in their various conflicts. Bonfire night didn’t start until 1606 and wasn’t a religious festival, pagan or otherwise but was a festival by Parliamentary Act that went on until the mid 1800’s. I wonder if the common people in 1606 celebrated it with joy or sorrow?

What the ell. It gets worse than that wren. When I started my surveyor training we still had to deal with furlongs, chains, links, rods, poles, perches, roods, acres, hides, fathoms, shackles and cables. If you did not understand fractional math you were well and truly f^&ked. The math surrounding length, area and depth are so much easier with the metric system.

Yes, rational thought is hard to find in the UK, for example, why on Nov 5th do we celebrate the failure of someone to blow up politicians.

With inflation picking up prices will go down. I still think that the only reason that prices have gone up is due buyers being offered a better house for their money. I wish that UK houses were sold on sq ft rather than just flat, terrace, semi, det, etc

The US banned performing this on the same FX account in the US. I have never been able to successfully get a strategy using this method working for many different reasons but many claim that they have. I prefer to use an order to buy or sell when the price hits a certain point. Like all trading trying to perfect a new strategy can be difficult.

You are correct, I also have no wish to for a slanging match and I understand your honesty statement and will end with this thought “Offered money for nothing would the majority of people take it”

The All is your inflection and not mine. I wasn't bashing, I was stating how situations are perceived by others especially the situation Riggers was discussing, and I was trying to put forward the view from the other side. The banker at the upper end of the scale sees the right to a bonus, the cleaner at the bottom sees the right to cream the system at the other end using invalidity benefit. Bizarrely, both now seem to be funded by the tax system

Why bash my peers

It depends where you are going from and to and what type of gold it is, have a quick look at this post as it may help you. If not tell me where from, where to, how much, when, a picture of what you look like and I will mug help you

Mr Invalid maybe one of the latest ‘stressers’ or just one of the others that have won the ‘mini-lottery’ ticket to invalidity benefits because that is how the working class see them. Luck put them in a situation where they can claim invalidity such as a minor injury at work or a car crash. A back injury is the best because that one can be dragged on for ever. We had a woman near where we used to live who had whiplash from a minor shunt. You could always tell when she was off to the doctors because the neck brace and crutch came out. Stress is fast becoming the in vogue form of invalidity benefit in very large companies. If you have been in the company for a couple of years, are not in the flush of youth and trying to climb the greasy pole, and are lucky enough to get promoted to a team leader or above then you are in with a chance. The next stage is to go to stress counselling, paid for by your large employer, and as time goes by you do enough work to keep the pretence of being a worthy team lead but slowly increase the amount of days off that you have sick from stress until you get to working only a few days a week. The company cannot get rid of you easily as you have followed all of their policies and your job is even more stress as you can no longer get it done in the time that you are at work. You can continue this on full pay for doing half the job for nearly ever or if your lifestyle allows you to live on less money you can then drop the job and live off invalidity.

I would not forget them as someone in their wrong mind has obviously authorised them, I would follow the money. Since some of them are not really mansions but are large houses the amount of rent becomes extortionate and paid for by the tax payer. I suspect that the owner of the property is in league with someone in the council to provide rental properties at a high rental value for a backhander. The owner gets the mortgage on the property paid for and cash, the official in the council gets a backhanded and no one dare complain or the racist remarks start to flow.

Notice that the stories are also about immigrants receiving the benefit rather than those who were born here. There are a few things at work here such as the slow increase in public perception that there has now been too much immigration and the system is weighed too heavily in the immigrants favour. Before it was only the red top newspapers that would bring up the race of the people involved, now it is the broadsheets. As the Telegraph has stated the race of those involved then immigration is now a subject that those in the UK will soon be politically allowed to discuss in public again whereas it was not politically correct to do so under Labour. This makes me think as there is an election coming and immigration controls will be one of the items heavily discussed. To me this shows that my post about the rise of the power of minority parties in the UK is having an effect as it helps to make sure that main stream political parties begin to add the minorities concerns into their own agendas or lose votes. As I said in that post, First society has to change, then the elected, then the body of laws, guidelines, rules and regulations. Consider the gap from Maggie being elected to No: 10 and Brown’s hopeful ejection next year, 30 years! Like the financial crash, it takes time and in our high speed society we think it will all be over in a few weeks, there might be quick shocks such as the collapse of Lehman’s but it is going to take years to get to the bottom or for the political pendulum to swing.

Click on a currency on the main kitco page at the bottom and it opens up a separate graph then just click on the currency you require.

It is very nearly the end of the year and about time that I updated my charts. Here is the Price of Silver in GBP as a %

It is very nearly the end of the year and about time that I updated my charts. Here is the Price of Gold in GBP as a %

If you are that concerned about breaking the law then take your countries coins to another country and swap them, bring back the foreign coins and melt them. If you are not worried about breaking the law then just melt them. The reality is that if the coin contains precious metal then the government does not own it, you do, that's one of the reasons that they wanted them out of circulation. If the government collapses then you still have precious metal unlike the remaining steel coins which would be currently valued at about £200 per tonne.

At the moment I can see the argument for both the ownership in commodities/assets and also that of liquidity through currencies. I think that until the country in which you value your 'store of wealth' in slides fully into either inflation or deflation it is best to try and sit on the fence because in that position you can if needs be alter the mix between commodities/assets and currencies. Time and the actions of both a countries CB and its Executive will denote which way an economy will slide. At the moment the possibility of a premimum in commodities and liquidity still exists.

When I lose money I wish I was lazy as well but when I gain ;-) An subjective logic index that equates to troy ounces, hmmm... no I would rather if I must take one, take that of GF's House Price in GBP even though I have no wish to own one especially as renting is so cheap.

I sold my Yen on Wednesday at 142.75 hoping to buy back in the next few weeks at 148. I also sold some GM gold on Monday and will also sell in Jan and Feb as I expect that gold will follow its seasonal trend and I can buy back in May at a lower price. If I make a profit then a proportion of that will be spent on physical gold. It is this value of the 'Store of Wealth' the 'how we should value currencies ' that we have discussed before and I am still looking for that elusive index value that one can use to compare all 'Stores of Wealth' against.

Your leaning on an open door here RH but until fiat collapses or is replaced with a commodity backed fiat then gold will not be used for living, so whilst I have a core of PM’s I still have to value them in the paper that I have to live with on a daily basis. Regardless of the ‘units’ that I use my end game is to increase my store of wealth.

I have been doing this for the last couple of years but using GBP pricing as it is my base currency rather than USD. Gold is a currency, the tools and prcesses that work on other currencies work on gold just as well.

I agree with this as no matter what you invest in and regardless of the level, even if it is the change in your pocket you are suspectable to risk. At some point, one which is obviously different from person to person, that risk becomes a gamble.

I am going for early February as the top before the spring consolidation next year, just as it was in the spring of this year. Gold will still follow the seasonal pattern as the global fiat experiment is not yet about to collapse and there is still money to be made from the markets, bonds, FX, etc.

I have been telling everyone on here for ages that you should always work out your exit strategy when you buy including the tax implications. FYI the best way to sell gold coin is to a bullion dealer unless it has numismatic value in which case then sell to a numismatic dealer. There are some bullion dealers that will buy at just under spot when the market is going up of course