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Credit deflation and the reflation cycle to come (part 2)

spunko

By spunko
in Property Prices & Economy

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Hardhat

Hardhat

Posted
Posted
5 minutes ago, Harley said:

Most concerned about an overall equity market turn here though given valuations and the great excuse/cover provided.

I've also been thinking this, Harley, will be setting some stops tomorrow, that's for sure.

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Harley

Harley

Posted
Posted
3 minutes ago, Hardhat said:

I've also been thinking this, Harley, will be setting some stops tomorrow, that's for sure.

Yep, I need to retrench on my open opinions.  A few others here and in podcastland have expressed similar concerns.  This could all be another plandemic, or the financial world equivalent, or indeed the next phase of the current one.  Remember, we will own nothing and be happy (in which regard isn't the WEF meeting taking place as we speak - kept very quite, even more so than usual!).

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Yadda yadda yadda

Yadda yadda yadda

Posted
Posted
32 minutes ago, sleepwello'nights said:

I feel really stupid asking this, why doesn't it add up?

Arithmetically I can't get any total or subtotal from the numbers shown in any year. 

Assets add up. Although I've only looked at the first column. For some reason they included property, plant etc before depreciation and also the amount of depreciation. The text is indented but the numbers aren't. Leave those out as there is a net figure.

With current liabilities they add up if you exclude payable/accrued so presumably that means they've been paid?

Total liabilities is total current liabilities plus the long term liabilities excluding the indented text as they're components of the total long term debt figure.

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A tremendous # on the lung

A tremendous # on the lung

Posted
Posted
1 hour ago, Green Devil said:

All these guys have suspended trading simply because they are expecting a ramp higher, and they can PROBABLY sell it for more in a few weeks :CryBaby:

If they do this, just cancel /postpone the squeeze?

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Harley

Harley

Posted
Posted

The current WSB stuff is very relevant here given the potential change in the environment in which we operate (my burning building similie - optimising things but in a burning building which we should be getting out of - optimising the wrong thing).  May amount to nothing or could herald a seismic shift.  One to watch.

Food for thought from a sometimes annoying Boomer/Gen X source:  Max and Stacy.  Actually quite a good narrative this time, not banging on about BTC and their past buy silver campaign so much as usual (at least the first section).

Orange Pill Podcast: Orange Pill [OP26] - Monetizing Dissent https://www.buzzsprout.com/1263314/7577551-orange-pill-op26-monetizing-dissent.mp3?blob_id=33386374

 

 

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Harley

Harley

Posted
Posted

Coininvest email.  I've highlighted the key bit.  Still not 100% (whats wrong with people!): What is the customs clearance fee?  VAT or something more and if it is then what and how does the VAT get paid?!

"Calling all UK-based coininvest.com customers!

We know that the rules and regulations around trade post-Brexit have been very confusing. We are here to help and make your life easier when ordering with us.

First of all, what hasn't changed?

We haven't changed our prices as a result of Brexit. Our rates remain extremely competitive, even when you consider VAT!

So, what's different now?

VAT is payable at the same rate as any local purchase in the UK, currently 20%.

This 20% is not added to the price visible on our website and is payable once your order arrives in the UK. A customs clearance charge will apply.

For orders of more than 1,000 Euro, please expect a couple of days delay as we need to complete customs declarations".

Update: They have FAQs which says "There are no customs/tariffs due for precious Gold, Silver, Platinum or Palladium".  But what's a "customs clearance charge" then?  Rubbish!

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leonardratso

leonardratso

Posted
Posted
4 minutes ago, 5min OCD speculator said:

Silver 27 christ what a fecking snorefest, I stayed up and had a shave for nowt...xD

still red yet, havent opened, but the daily %ages have reset.

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Bricks & Mortar

Bricks & Mortar

Posted
Posted
2 minutes ago, Harley said:

VAT is payable at the same rate as any local purchase in the UK, currently 20%.

This 20% is not added to the price visible on our website and is payable once your order arrives in the UK. A customs clearance charge will apply.
 

After this pandemic's over, I can imagine myself taking the occaisional daytrip to Dublin.  Via Belfast.

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sleepwello'nights

sleepwello'nights

Posted
Posted
6 minutes ago, Harley said:



VAT is payable at the same rate as any local purchase in the UK, currently 20%.

This 20% is not added to the price visible on our website and is payable once your order arrives in the UK. A customs clearance charge will apply.
 

It also says that VAT is charged on the margin scheme. In which case it should be on the dealer margin. We'll see when my order arrives how much I'm being charged. If I'd bought from Baird I would still have had VAT to pay. So no real difference to the total cost whoever ordered from.

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wherebee

wherebee

Posted
Posted
8 minutes ago, Bricks & Mortar said:

After this pandemic's over, I can imagine myself taking the occaisional daytrip to Dublin.  Via Belfast.

just remember the thresholds on declarations at the border......

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wherebee

wherebee

Posted
Posted
1 minute ago, Bricks & Mortar said:

I'll try to...

naw, seriously, I used to know a customs guy in australia and seizure of money and gold for non declaration was one of the easiest wins for them.  There is some limit above which if you don't declare, they can take it immediately and you've got a hell of a fight to get it back.  Same in UK and USA.

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nirvana

nirvana

Posted
Posted
16 minutes ago, Loki said:

It's saying 10pm which is market close on Friday, it opens at 11

https://uk.investing.com/commodities/real-time-futures

christ thats midnight here, I might turn into a pumpkin and explode...

6 minutes ago, Hancock said:

why First Majestic?

methinks it was identified as a heavily shorted stock a la GameStop

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Harley

Harley

Posted
Posted
30 minutes ago, sleepwello'nights said:

It also says that VAT is charged on the margin scheme. In which case it should be on the dealer margin. We'll see when my order arrives how much I'm being charged. If I'd bought from Baird I would still have had VAT to pay. So no real difference to the total cost whoever ordered from.

It'll be interesting to know:

. What VAT you get charged.  Germany charges on the dealer margin but the UK rate is 20% on the goods value so do they charge you that or will customs or the courier charge you that later and will you get credit for the German VAT they originally charged you?

. What is the "customs clearance charge"?  It's not duty as their FAQs say no duty is charged.  So what is it, how much is it, who charges it, when, and how do you pay?

Paying Bairds sounds a lot easier.

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