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id5

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Everything posted by id5

  1. May your God bless you as well cmj. I have no God so proxy use of someone else’s is good enough for me Nor do I believe, if such do currently exist, in ability of the Illuminati, NWO, Lizard Men, etc to control world events, I find it more logical that people find it easier to blame others for their misfortune rather than taking the error on themselves, gaining understanding and moving on. I still lurk occasionally but this site is more fringe than financial reality rarely post.
  2. JD & Wisebear, I saw this and thought that it would give you a
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. Steve ask for a guide in thread http://www.greenenergyinvestors.com/index....ost&p=49050 like this so here is my attempt to guide people in buying coins Should I Buy Coins or Bar The choice is yours but you should ask the question, “What is easier to sell, a bar, commemorative medallion or a coin that is legal tender in the country that it is produced in?”. If you buy certain coins then in the UK they remain free of Capital Gains Tax as all sterling coin ("Legal Tender") is not a chargeable asset under the Taxation of Chargeable Gains Act 1992 What is Sterling coin or "Legal Tender" is a bit more confusing as all coins before the Coinage Act 1870 are within the prerogative of the Crown and every else is covered by Parliamentary Acts. Basically everything before 1969 is no longer legal tender and can be melted down anything after cannot. Gold coins are treated separately in the different Coinage and Currency Acts and these make all gold coins from 1837 legal tender and they cannot be melted down, this is also why gold coins are CGT free. Silver coins are different again you have to go back to 1947 when there were 50% silver, pre 1920 they were 92.5% silver, none of these are legal tender and are not free of CGT in the UK but modern silver Britannia’s are. Other countries have different rules so you do need to understand the ones in your country What Coins Should I Buy, Numismatic or Bullion, Krugers, Ducats, Sovereigns, Maple, etc If you want a coin may go up in the future because of its rarity value then buy a numismatic coin. You can buy them from most numismatic dealers, in the UK have a look at http://www.bnta.net/ for a list of dealers, there are loads and the coinage does not have to be gold, in fact some of the rarer and more expensive ones are not gold. Like anything rare the price increases but only when there are buyers who have the cash to buy them. Keep away from them unless you want to be a collector as there are better things around to waste your money on. If you think that the financial markets are rigged then you just would not believe the antique market. If you just want a bullion coin then are many but I suggest that you stick to ones that are easily available in your country as then they are easier to resell as your local dealer will know what they are just by touch and sight. If you take in something like a Poltina then the dealer will not know what it is and you will not get a decent price for it. Precious metal dealers like Bairds in the UK are not numismatic dealers they are bullion dealers, even though they sell coin it is in the main bullion and not collector quality. Physical bullion is a different business, if it is rare they can't melt it so they do not really want anything to do with numismatic quality coin and they just want to pass it on for as much as they can get. How Do I Tell That It Is Not A Fake Whatever you do don’t buy a Fisch, you don’t need one just buy a small metal ruler and a small digital scale that reads to 0.1g, that’s all you need and unlike a specific tester you can use them elsewhere, also a high quality print of the coin helps. You don't need coin testers, specific gravity tests, resonant frequency tests, hardness tests, etc... Check the coin against the print. Measure the diameter, measure the depth and measure the weight. A clean coin, not drilled, chipped or bent will always be within a few percent of the official size and weight of the coin. If it was gold covered lead it would be 1/3 thicker, it does not sound much but place it next to a real coin and you will see just how much it is. If it is 9ct gold and not 22ct or pure then it would be close to a 1/4 thicker. Your fingers can tell the difference of over 1/1,000 of an inch, it is very, very noticeable! Last test for coins that are not proofs, balance it on your finger over a carpet and tap the coin lightly with a pencil, this tests to see if the coin has been pressed or stamped and not cast or made of a sandwich of metal. If it goes ‘ping...’ and has passed the other tests it is so real I would be happy to buy it off you, regardless of what you think it is. If it goes ‘dofh’ then it is a fake. That’s all you need. What Fakes Are There They are likely to be fake coins made from 9ct gold or plated lead or other metal. Lets take Krugerrands as an example, if you did get a fake 9ct Krugerrand you would spot it quite easily but not just through the colour as that can be matched by adjusting the metals used to make the coin. Size and weight would be the biggest indicator, if the size was right the coin would only weigh about 25g, the difference of 9g is about the same weight as a £1.00 coin. If the weight was right then it would be a 1/4 larger than its true size be it either wider, deeper or both. A 1/4 of anything is a huge amount and easy to spot. Trust your senses, I received a 9ct Austrian Ducat fake and as I took it out of the packaging I could tell that it was wrong without resorting to scales or ruler. If you handle a 100 or so 22ct or pure gold coins and then pick up a 9ct or 14ct coin, it will tell you. Handle a 1,000 and you will not even need to pick it up to see that it is wrong. Not everyone has the opportunity to handle lots of coin so reply on the ruler and scale method. There are meant to be fake coins out there that do weigh the same as the real coin they are supposedly made out of platinum. So even if you find one then don’t worry if anybody found out as currently it would be worth more than gold. Nobody has found tungsten fakes yet because the metal is just too hard to work with and gold is still too cheap. Try stamping tungsten in the same way that a coin is made and it will destroy the stamp mill after a few rounds have been through it. The only way to do it would be to use a tungsten core with a gold bonded outer shell that could be stamped. A setup that can do this would be costly, it would have to produce a lot of fake coins to make it worthwhile or the price of gold would have to be far higher. Apart from Tungsten and Platinum just about everything heavier than gold glows in the dark and makes your hair fall out if you near it for too long. Selling Private buyers if you can find them but be careful of selling anything but numismatic coins in an auction as the margin may just wipe out your profit. Dealers are good as they basically charge spread/commission on the price of gold, gold price futures, the size of their stock and the amount of demand they are seeing. They are interested in turnover not investment, sell 1 coin make £10, sell 1,000 coins and make a £10,000. A good dealer will fill up when they think the price of gold is low, future price looks upward and the demand that they see is high. At present most dealers have little stock left and demand is high even though gold price has stabilised. In a selling market they will increase the spread/commission as much as they can to cover any short fall. Some will even hedge the market to reduce any potential loss. Remember that just because you are aware of the market conditions the next person in line may not be or will believe that the price of gold will go up or they must buy gold to fulfil a previous order or buy for manufacturing. Also you would be amazed at how many people want to buy or sell PM’s without having to notify someone. Relatively compact, easy to sell, price may spike up and down intermittently but over a longer term is quite stable. Buy a coin a month, save them and give them to your children, grandchildren or lover before you pop your clogs or even leave them a letter in your will with a pirates map. Take a few abroad and flog them to pay for you holiday spending money. Physical is so hard to tax, that’s one reason why governments hate PM's
  8. id5

    SILVER

    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.
  9. id5

    BLACK SWAN ALERT

    I am not aware that the British yacht crew fought the any Somali pirates with iron bars, stones. Are you trying to suggesting that the F-16 pilots hang out the window and drop stones on to the anti-aircraft weapons that Hamas possess?
  10. id5

    BLACK SWAN ALERT

    So if there is justification then that is OK. I have gold so it is OK to rob me.
  11. And how long I wonder until similar articles appear such as “Those dastardly Chinese, we must get the unfairly hoarded materials back, at any cost, even lives if necessary” or “If they never brought our bonds in the first place we wouldn’t be in this mess”, not very far to stretch is it.
  12. http://www.lloydsbankinggroup.com/media1/r...halifax_hpi.asp Bottom of the page choose 'Historical House Price Data'
  13. id5

    OIL DISASTER: Worse than we are Being Told?

    Hmmm...I better remember not to over pressurise my 3,000 psi aluminium scuba tank then
  14. id5

    Our coming Agrarian society

    The power of family, a strange force, after 21 years of being together, I still would rather be poorer off than be without them. I could not do what these ‘storks’ do but they are making sure that their progeny live or do they have cuckoos in the nest But if the future is really to be agrarian or even if there is depression then I suspect that they will have to fly home as I think that the first things that will get protected by all countries would be jobs and productive land.
  15. id5

    BLACK SWAN ALERT

    Hitting people armed with guns with iron bars is not the brightest move. If they did not want to be a martyr then some are obvious candidates for a Darwin award.
  16. id5

    Our coming Agrarian society

    Somehow I don't think the missus will go for it
  17. id5

    SILVER

    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.
  18. id5

    mounted coins

    There are some obvious 9ct gold 'fake' sovereign rings, the widowed Victoria ones spring to mind but there are some that are very hard to spot that are starting to arrive in the market place. But I have recently been informed, althgough I have not seen one yet, that some enterprising soul has worked out that newer technologies can produce very fine saw blades, ones that can split a coin leaving both faces unmarked and that each face can then be mounted on a solid 9ct ring shank with a rub over setting and sold as if it was a solid mounted coin, legally by the way as the coin is assayed 9ct. As gold increases in price so the wolves and sharks come out to play.
  19. id5

    Vaulted gold - CGT or income tax?

    For it to be income you need to be actively earning an income from the trading otherwise it is a sale or disposal of an asset. Shares, antiques, fine wines, cars, etc all follow the same principle. I think that the case that he was thinking of related to CGT on a large estate where the inspectors followed the rules “a main residence its grounds, but only to the extent that they are required for the reasonable enjoyment of the residence.” It is often quoted in accountancy courses as an example on CGT.
  20. Crossbows are still legal in the UK but if you are after weaponry and do not have a shotgun license then I suggest a catapult with a small supply of ball bearings as they are far easier to conceal if necessary and the reload is far quicker. If you have a shotgun license then just get a solid shot mould and some scrap lead as they are not illegal to own although firing solid shot is. But make sure you can un-choke your shotgun before you use it. It seems an obvious thing to say but I know one doughnut that forgot to do it and blew the end of the barrel apart.
  21. id5

    CGT - House deposits in gold

    Legal tender is purely 'that which must be accepted by the courts as a means of payment'. If you, as a thirsty pig owner, goes down the pub and proffers a pig or a platinum piedfort for a drink then the medium of exchange that is used between you and the landlord is solely between yourselves providing that the landlord accounts for any taxes in a manner that is suitable to the tax inspector at a later date. But if you go and order a pint, drink it and then offer a pig and the landlord refuses then you could end up in court and be forced to pay fine or restitution in legal tender.
  22. id5

    The Future of Gold as Currency

    I agree with you here Schaublin. Gold could be a future version of the index that I have been looking for over the last couple of years, not one of how much I am worth but more about are my investments increasing or decreasing. I say future because until Governments calculate their currency in gold in relation to each other it doesn’t really exist in the minds of the many, only the select few that think of gold still as a currency. If I was to treat 1 gram of gold as a unit then I have a index that I can measure the success or failure of any investment which is often calculated in different fiat currencies and subject to the fluctuate between them. But as gold is seen by many as a commodity that index is unstable it could still crash to near zero. If you think that gold is a commodity then it can be in a bubble as it is measured in fiat If you think that gold is a currency then it cannot be a in a bubble because fiat is measured by it
  23. id5

    ConDem Manifesto

    There has been lots of words for the 'Brave New World'. Now lets see what they can enact before recess and before any seeds of infighting take hold.
  24. id5

    CGT - House deposits in gold

    Thanks for that, id5. If you hear any more please keep us posted. You are our coins expert! I have another Q re CGT. Is there any on those lovely 5 Pound Gold Proofs? Or the Proof sets? Does CGT free just refer to Brits and Sovs or all british coinage? What about Proof sovs and Brits? Piedfort platinum and so on... Ditto silver. I wouldn't dream selling my sets in return for a property but keeeping abreast of the CGT laws would be wise and may sway future purchases. Thanks, J. All gold proof sets of Sovereigns and Britannia’s are CGT free as they are still legal tender, the silver £2 Britannia is also legal tender and CGT exempt. Piedforts are generally not CGT free and that includes the £5 platinum piedfort.
  25. id5

    CGT - House deposits in gold

    Apologies all just really busy at work doing 12 hours days so no time to post. Gold is treated exactly the same way as silver as far as exporting goes.
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