6
6feetdown
Well-known member
Maybe it's time to start a bank, no overdrafts loans mortgage etc just access to what you own with a .other fee
V8Druid
do it as well as you can,but learn to do it better
getting hold of it in the first place is getting ever harder to do though James ... even if it's in your own account, getting it back into your mitts is bloody nigh on impossible ... try closing an account and taking possession of YOUR cash money. Nightmare, unless it's being transferred to a.n.other account elsewhere
doobin
Well-known member
Druid, if I were you I'd empty one of your £75k bank accounts and put it all into physical precious metals. Gold, yes, but I would say that currently (even allowing for the 20% VAT premium that you loose with physical silver), there is more of a potential upside to silver.
The theory is that it's currently trading at below the cost of production due to shorting and speculation in the derivatives market. Sooner or later the COMEX will be out of physical silver and the state of affairs will be laid bare for all to see. Silver is in much more demand than gold for industrial uses too.
It's a win-win for you mate- it won't loose any more than sat in a bank, you get to hide a load of shiny tish about the place, and if s**t really hits the fan then it'll be a total lifesaver.
The theory is that it's currently trading at below the cost of production due to shorting and speculation in the derivatives market. Sooner or later the COMEX will be out of physical silver and the state of affairs will be laid bare for all to see. Silver is in much more demand than gold for industrial uses too.
It's a win-win for you mate- it won't loose any more than sat in a bank, you get to hide a load of shiny tish about the place, and if s**t really hits the fan then it'll be a total lifesaver.
M
Monkeybusiness
Well-known member
Just paint it all brown and stick it on a pallet outside, nobody will look at it twice!
V8Druid
do it as well as you can,but learn to do it better
doobin
Well-known member
It's not like you're short of means to dig holes either....I've heard of dafter ways to hide stuff MB
Grahams
Don't complain - suggest what's better
The trouble with precious metals seems to be selling small amounts of it. You can't use it in the shops, so you are relying on someone giving you a fair price and they are onviously going to want to make their margin on it. It's not like you can take it to the scrap man for cash any longer.
doobin
Well-known member
A decent jeweller will buy at around 3% below spot and sell at 2% above. So 5% margin overall.
If s**t really hits the fan (like Germany 1920s) then a silver or gold coin will buy you an awful lot.
V8Druid
do it as well as you can,but learn to do it better
in one Gra
Grahams
Don't complain - suggest what's better
And if the s**t really hits the fan what will the spread be then?
you have to remember most of the civilised world was still on the gold standard back then, so paper currency was linked to gold. We didn’t come off the gold standard until 1931.
TiltyShaun
Well-known member
Gold coins rather than Silver. Trouble with Silver is the volatility that might give you 20% upside can give you 20% downside.
As at old man @V8Druid needs not to lose his investment.
Gold is a historic hedge for a reason. You can’t print it!!
D
DaveDCB
Well-known member
Talking of control, paid £8 to drive around Birmingham today , chose to go In My older pickup over the new car which would of been free, mainly because it’s a sh*t hole and I didn’t fancy getting robbed! Kinda defeats the objective of the whole scheme!
pettsy
Well-known member
6
6feetdown
Well-known member
Waiting for Rick to appear
V8Druid
do it as well as you can,but learn to do it better
was reading somewhere the other day that the Great lakes're full of gold, washed down by all their tributaries
.... 's a wonder that no one's been suction dredging them?
V8Druid
do it as well as you can,but learn to do it better
coming to a town/city near you - soon
assuming you're not locked in to your local area first of course 
Left hooker
Well-known member
Shouldn't have sold your 3cx handy big key that wascoming to a town/city near you - soon
doobin
Well-known member
Gold has been a store of value since c 5000 years ago. I don’t see that changing.
In a true SHTF scenario, paper notes backed by the government will be toilet paper. So will bitcoin, paper silver, shares etc.
Things of value, in no particular order, will be medicines, food, weapons, cigarettes and precious metals in easily tradable and recognisable amounts (coins)
Grahams
Don't complain - suggest what's better
I completely agree gold is and has been a store of value, probably the best over the long term. But, what I was getting at was in todays world small amounts are not very usable for shopping. If I got offered gold as payment for my work I would refuse as I have no means of telling if it is real as I am not used to handling it. Gold coins seem the easiest to use, but even then I couldn't tell if they are fakes that are just gold plated or contain impurities. There are plenty of fake £1 coins in circulation and by defination you are only being conned out of a £1, but gold coins are of much higher value so the incentive to fake them is higher. A bit like the crypto currancy frauds where there are billions at stake, who can you trust?
If we get down to a dooms day scenario weapons and organised groupings are what will count, but I think we are a way off from that yet. Civilisation has too much to offer most people to let it get too out of hand.
D
DaveDCB
Well-known member
To be fair, it’s a lot easier to tell a fake gold coin over a fake £1 coin.a basic Gold tester is £17 on Amazon.
Problem being, I don’t think Sainsbury’s accept gold as a payment for your weekly food shop yet
Problem being, I don’t think Sainsbury’s accept gold as a payment for your weekly food shop yet
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