ziknik

Did you get Britannia's in capsules from CID?

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)

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.

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.

HMG and BofE respectively

Yes, you will see your total in Euro You can change your home currency at any time. Click ‘profile & settings’ then ‘preferences’

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. -----------------

If what you have written was true*, I would take my salary in gold sovereigns. * It isn't true.

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 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’.

Silver IS currency

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

Thanks for the correction. I didn’t know that. And thanks to id5 for the extra information Silver IS currency. http://www.iso.org/iso/currency_codes_list-1 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. *

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

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

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

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

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.

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) Yes EDITED TWICE

This high: £8.72 (2 hours ago) Next stop: £7.50 (within a month) Final desitnation: £The Moon

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

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

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?