ziknik

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The coins have come in individual little plastic cases, quite good actually imo, but how on earth would you test each one it would take ages when you buy quite a few at a time.

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Did you get Britannia's in capsules from CID?

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I assume you get containers with the silver coins. ...

Not necessarily. My coins from CID have come in allsorts of different packets, capsules and tubes.

The last lot I bought were Britannia's and Philharmonics:-

Britannia’s came in a weird heat shrunk plastic leaf. Some of the coins fell out of the plastic as I took them out of the cardboard box (I bought a multiple of 20).

Philharmonics came in a 20 coin tube (I bought a multiple of 20)

I also bought a few Maples, Eagles, Libertads, Panda’s and Aussie coins, these all came in a capsule or a little plastic packet (I bought less than 5 of each)

crikey - what is it with this forum, romans, true north, yerself et.al all see pretty sure the pos is going to fall

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I thought the POS would fall too…. Those thoughts flew straight out of the window when the BofE extended its QE programme.

Mother ******* are determined to monetise every last bit of debt. They are not even bothering to pretend otherwise.

Nothing wall fall in price while this crazy money printing continues. Nothing!

By the end of this year (when I am more certain about my job) I will be buying hard assets with every last bit of Sterling from my bank accounts and taking out some extra Sterling debt – Probably in the form of a life-of-balance interest rate on a credit card and silver coins from Airdale Coins.

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When you position yourself for a depression and that depression you envisaged doesn't come, its well, rather depressing

The depression is going to be an inflationary depression IMO. It is possible that house prices rise in nominal terms but fall when measured against anything else.

That said, South Manchester has been falling steadily with zero signs of a bounce.

I’m going to see a flat on Friday evening. The asking price is 45% lower than the 2007 selling price.

I’m hoping to see many more discounted flats in the coming months.

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I mean where are the jobs and lending going to come from to support today's versus the '05 price?

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HMG and BofE respectively

At GoldMoney if you hold multiple currencies does it give the grand total in your "home" currency?

 

I know that silver and euros are given a grand total in euros.

Yes, you will see your total in Euro

You can change your home currency at any time. Click ‘profile & settings’ then ‘preferences’

Well, looks like the up-trend is broken for now. Well done Z, here is your virtual prize!

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Now, who would like to guess how long it will go?

Thanks, I’m going to pop that coin in my signature for one post (this one).

I’m sticking with my prediction. I don’t think we will see silver below £7.50 or $12.00.

I’m not in anyway changing my buying patterns btw, I will buy a little in GoldMoney each week and hold it.

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However, I am traveling through at the same time with 80 X one troy ounce gold britannias, which would be approximately 2.5kg of gold, however brittanias are legal tender, honourable to the value of £100 each, so my 80 brits come under the limit at £8,000. I could do even better with sovereigns as I could travel with 8000 X £1 sovereigns having a net weight of 58kgs in gold!

If what you have written was true*, I would take my salary in gold sovereigns.

* It isn't true.

Silver coins with a face value is cash, but a lump of silver is as much as a currency as a Mercedes Benz car.

You should take your disagreement up with the ISO. I will agree with you when I see silver removed from the list of currencies.

Until then – Silver IS currency

http://www.iso.org/iso/currency_codes_list-1

…

no matter how much you try and wish it, the HMRC do not class it as such. Silver is not cash if its not a bank note or coin.

I have nothing to hand that I can provide as evidence to prove you wrong on this point expect to say – "I don’t believe HMRC would be stupid enough to leave such a big loophole".

If I ever leave or enter any country with silver (or gold), I will ensure that I am below the £/€/$ threshold for taking cash abroad.

Did you hear about the two Japanese men who were travelling with US Bonds? They faced seizure of over $40bn of bonds for failing to declare. Bonds don’t exactly fit the definition of ‘cash’ you provided earlier. If a US Bond can be deemed to be a ‘note’ – a silver bar (or lump) can be deemed to be a ‘coin’.

Also regarding cash the Custom info is-

Definition of cash

 

The term 'cash' covers:

 

notes and coins in any currency

bankers' drafts

cheques of any kind, including travellers' cheques

Silver IS currency

Because there are direct flights from the US to UK and then to the regional's you would have to spend a few days in Paris to ensure that you do not get tracked, if you do you may find someone waiting for you to come off the plane.

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I know someone who has done it.

This person flew from Beijing to Manchester via Paris (because these were the cheapest and quickest flights) with a small sack of silver Panda’s. He was prepared to pay VAT when we returned to the UK.

At Manchester (Terminal 2 I think), there were barriers on the red and green exits so he asked a security guard where to declare goods (without naming the goods). The security guard said, “Go through there”, pointing to the EU Arrivals gate.

He walked through to blue gate and into Arrivals. He asked another security guard where to declare goods (without naming the goods). This security guard said, “You’ve come through Customs, you cannot go back. Go home”.

So he left and has heard nothing of it

If you are entering or leaving the UK to and from the EU there is no restriction on cash or a requirement for decleration.

Thanks for the correction. I didn’t know that. And thanks to id5 for the extra information

Also regarding cash the Custom info is-

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There is nothing specific to silver, however silver coinage would come under cash, but it would face value not metal value. ie. a £2 Britannia, 1.50 Euro Philharmonica.

 

http://www.hmrc.gov.uk/customs/arriving/declaring-cash.htm

Silver IS currency.

http://www.iso.org/iso/currency_codes_list-1

I bought about 40oz of coins through Dublin / Manchester airport in hand luggage. I was stopped by security as i guess a tube of a dense metal looks a little odd. They asked what they were then let me get on my way.

Were you stopped in Dublin or Manchester?

I’ve heard some despicable* people take advantage of the blue gate

Regional airports are often under staffed and can’t afford to open the red and green gates (especially if no flights from outside the EU ever arrive at the airport/terminal. So you could fly from the USA to Paris, change planes and walk straight through customs on returning to the UK.

*

Hi,

After some advice re bring silver into the UK. Have bought some coins from CID and had them shipped to a friends address in France to save a bit. Will there be any issues with him bringing them into the UK for me next time he visits? Will there be VAT to pay if declared?

Yes, if declared.

There’s no VAT to pay if you are travelling in to the UK from another EU country. You don’t even have the option to declare anything if you want to. There is a blue gate for EU (Red gate is ‘declare’. green gate is ‘nothing to declare’).

Silver is treated as cash. There is a limit to how much you can import/export. I think (check for yourself) France will allow €15k to leave the country and the UK will allow £10k in to the country. So make sure you are under the lower of the two.

Your friend cannot take any money from you for the coins or there will be taxes to pay. You won’t have a problem if you paid for your coins from your bank account… BUT, your friend must declare “I am carrying a package for my friend” when he checks in at the airport. I’d allow some extra time at the airport for body searches and so on

Thanks, the average time to sell property in the area according to Hometrack is 13 weeks and I'm hoping as it's an attractive FTB property I should be in with a chance of getting it sold before the turn. May have to throw in a sweetener for a quick completion if necessary/possible.

Don’t forget Capital Gains Tax. You might need to move into it for a while before selling.

Looks as if you're on the right lines there ziknk, another £75bln for purchasing commercial debt and that's just for starters I reckon. So much for green shoots and stability...

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It’s more fair to say, “I got it completely wrong”.

I thought they would focus on commercial paper. This would not have pumped the stock markets.

Instead it looks like they have gone for more of the same (Gilts). This will keep pumping the stock markets.

Silver will not go down significantly (in GBP) for the next three month. Trust me on this one, I am never wrong

 

Why don't they just buy £50bn worth of US dollars if they want to devalue the currency? QE might not do diddly and what a lot of debt.

Don’t worry about the debt. Apparently we can pay it off by printing more money. And we can also use the extra printed money to buy true love, real friends and happiness. Everything is going to work out perfectly

(The goal is to increase the money supply. Buying USD with printed GBP could cause the Fed to carry out an equal & opposite transaction. )

BofE extends QE by £50bn. I didn’t expect that. All my predictions are void.

Next Stop HYPERINFLATION

Sub-$500 gold ? Get a grip !

 

Who was that GEI poster calling $400 a few months back ? Produced all sorts of weird and wonderful charts to support his waffle.

To be fair, I believe BigT was expecting a low in the GBP gold price in the next few years. Not the next week weeks.

I don’t expect gold to drop that low over the next few years, but I do have a strategy* IF it happens. It’s best to think about these things in advance to avoid panic later.

* Strategy = Fraudulently take position of my parents house + MEW it + Back up the trucks + Wait for gold to go to The Moon + Sell gold and return house to parents.

Unwillng to hazard a guess in the dollar?

This high: $14.83 (2 hours ago)

Next stop: $9.87 $10.87 $11.87 (within a month)

Final desitnation: $(0.67274 x The Moon)

More confident that the pound will strengthen befor being toasted?

Yes

EDITED TWICE

Oh right. I should have said...."How high can it go on this move up?".... before going to the moon at a later date no doubt.

This high: £8.72 (2 hours ago)

Next stop: £7.50 (within a month)

Final desitnation: £The Moon

Well, I'm happy to say I took possession of my first Oz of physical silver today when I was given a commemorative coin. Nice. Shiny. I'll still keep the vast bulk of what I own in Bullionvault though.

Have BV started selling Silver yet? I can't see it

EDIT: Great chart above btw. It really helps keep the DCB in context

How much debt against these properties, I wonder?

How much real equity will be left after the crash is finished?

There is £1.23tn of debt secured against housing (Residential and Housing Association only)

Average equity is surprisingly high – 1.23/3.9 = 32% LTV

Assuming prices drop another 30% and net lending stays flat. The average LTV will be 1.23/(3.9 x 0.7) = 45%

I’ve downloaded a load of data, I will make a chart later today

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So my question is does buying a house without a mortgage make sense in this scenario?

I’d say buy with the maximum amount of debt and wait for Gordon Brown to wipe away your mortgage with unborn childrens’ blood (inflation).

Hold some gold & silver. AND hold enough Sterling to see you through some rough times.

You can sell some of your gold/silver at any time and reduce your mortgage* risk if you feel uncomfortable at any point.

That’s my plan anyway

* You need a mortgage that will allow overpayments to do this

Um, that's interesting as your target for Cable concurs exactly with mine, although we obviously differ on whether silver will hold up this time against the USD...

 

Out of further curiosity, do you envisage equities and the Euro following the same direction as Sterling? Also, how d'you see the US yield curve developing i.e. steepening or flattening in this instance?

 

Don't worry, I'm not trying to trip you up or anything sinister, it's just nice to be able to compare notes with someone that has thought things through thoroughly...

These are my best guesses.

Stock Markets – Depends on QE. The stock markets will keep going up for as long as QE lasts. Institutional investors are selling their Gilts/Bonds to Central Banks leaving them with cash to buy stocks, commodities and more Gilts/Bonds. I don’t expect the BofE to extend their gilt purchases this week; instead I think they will focus the next £25bn entirely on commercial paper/bonds. This could lead to a short sharp correction in the markets and allow a nice entry point for some extra silver. GBP could also strengthen a touch at the same time maybe 1.75 vs USD.

Euro – No idea. I’m not watching Euro very closely at the moment.

US Bonds – Prices will be down a bit at the end of the year. We might get to the stage where banks provide the most of the motive force for QE

Bank borrows currency from central bank using crappy collateral and lends money to a new investment vehicle. Investment vehicle buys Bonds and rakes in the coupon payments. Everyone involved is delighted and gets a huge bonus. Taxpayer pays.

Article in the Telegraph about pros and cons of various methods of gold investment. Article looks at: PHYSICAL GOLD, Jewellery, Allocated gold account, Unallocated gold account, Exchange-traded funds & Other unit and investment trusts.

I have not copied it in entirety because of copyright.

http://www.telegraph.co.uk/finance/persona...ng-in-gold.html

The pros and cons of investing in gold

Which is the best way to make a profit out of gold?