Credit deflation and the reflation cycle to come (part 3)

[Jesus Wept]

[M S E Refugee]

15 minutes ago, ThoughtCriminal said:

Yeah, I've seen your posts on that. Think I'm going to start attending as dealers are just taking the piss.

I keep looking at buying Silver Britannia's but I can't bring myself to pay the VAT and dealer mark up.

[HousePriceMania]

2 minutes ago, Jesus Wept said:

https://en.wikipedia.org/wiki/Rocket_science

[ThoughtCriminal]

3 minutes ago, M S E Refugee said:

I keep looking at buying Silver Britannia's but I can't bring myself to pay the VAT and dealer mark up.

I've been having a really good look around and its just laughable. 

[HousePriceMania]

4 minutes ago, M S E Refugee said:

I keep looking at buying Silver Britannia's but I can't bring myself to pay the VAT and dealer mark up.

Can  you bring yourself to see the £s you hold become worthless ?

I should be a silver salesman.

[invalid]

2 hours ago, Chewing Grass said:

Communism.

 

The headline below, looking for 'radical' solutions.

I'll bet they come up with stuff like this:

- take money from the workers and give it to the non workers (socialism)

- copy sleepy joe and pass laws to make it illegal for anything to be expensive (dumb politics)

- solve it with technology, does anyone have Elons number? (delusion)

- let them eat bugs (yuck)

- print money (crazy talk)

- lower interest rates (more crazy talk)

- steal stuff form the Russians (already done that, people can't eat super yachts)

 

Now if they did a bit of communism at least the non workers would have to put some work in.

My radical solution:

- import cheap energy from the Russians.

 

 

[Jesus Wept]

1 minute ago, HousePriceMania said:

https://en.wikipedia.org/wiki/Rocket_science

Exactly. It’s not rocket science. 
 

Seems pretty obvious that the lower the NAS, DOW, S&P and BTC fall below -30% ….they will take everything else with them -  as investors sell other assets to cover margin calls….. it becomes a feedback loop …. A vicious cycle….

This could really be the BK…..

[DurhamBorn]

33 minutes ago, Jesus Wept said:

We could be in the BK already….
 

Another day of turmoil.

As I speak….

DOW - 1.77%

S&P - 1.82%

NASDAQ -1.91%

Bitcoin tanking…..

Depression on the way ??

Commodity collapse ??? 
 

Be careful out there…….

AT&T are up,im overjoyed about how things are going,massive falls in everything we dont own,small falls in areas im laddering into and little gains in areas im heavy.Id say this slow long self off is very nice.Just need UK to win Eurovision ,well im a contrarian 

[M S E Refugee]

Just now, ThoughtCriminal said:

I've been having a really good look around and its just laughable. 

Even in the US the markup is mental.

You will get the premium back on ebay but I would be worried about a buyer switching your genuine coins for fakes.

[M S E Refugee]

12 minutes ago, HousePriceMania said:

Can  you bring yourself to see the £s you hold become worthless ?

I should be a silver salesman.

I am going to play the Gold to Silver ratio which at the moment is 87 to 1.

If I sold a Krugerrand I could buy around 91 oz of Sterling Silver or I could buy 75 Silver Britannia's.

 

[Pip321]

26 minutes ago, HousePriceMania said:

Posting this hear because people on twitter are too thick to get it
 

 

I don’t get it 😆😆

[Lightscribe]

oh dear…. KSI just lost a sizeable portion of his fortune.

 

[Democorruptcy]

39 minutes ago, invalid said:

 

Centamin is about to go ex dividend and its fallen a lot as well. I need to check but I think the div (not yet approved) is around 5 cents (bringing total for the year to 9 cents) and with a share price in the low 80s.

EDIT - CORRECTION

2021 FINAL DIVIDEND 

Consistent with the Company’s stated commitment to shareholders, the Board proposes a final dividend of 5 US cents per share (US$58 million). This will bring the total dividend attributed to full year 2021 to 9 US cents per share (US$105 million). The final dividend will be subject to shareholder approval at the 2022 Annual General Meeting on 10 May 2022.

 

At the AGM the 5c final dividend was approved by 767,228,879 votes to 9,286. It goes ex-divi on 19th May payment 10th June

https://www.hl.co.uk/shares/shares-search-results/c/centamin-plc-ord-npv

[ThoughtCriminal]

18 minutes ago, M S E Refugee said:

I am going to play the Gold to Silver ratio which at the moment is 87 to 1.

If I sold a Krugerrand I could buy around 91 oz of Sterling Silver or I could buy 75 Silver Britannia's.

 

I forgot how high it was just as covid was getting going, 122

[Siggy]

38 minutes ago, M S E Refugee said:

I keep looking at buying Silver Britannia's but I can't bring myself to pay the VAT and dealer mark up.

Last year I bought silver Britannias from coininvest for just under £19 +VAT. Now at the same silver spot price they are £22 + VAT. Extra markup plus sterling weakness I suspect. 

[Loki]

I stocked up before vat loophole closed with Brexit. I hate paying vat almost as much as Durhamborn

 

[M S E Refugee]

9 minutes ago, Siggy said:

Last year I bought silver Britannias from coininvest for just under £19 +VAT. Now at the same silver spot price they are £22 + VAT. Extra markup plus sterling weakness I suspect. 

The markups in the US are worse as usually there is no sales tax dependant on the State you are in.

An American Silver Eagle on APMEX is $37 and the spot price around $21 that is some markup.

[feed]

Buy them on the secondary market. 
ok, you'll be paying ~£30 an ounce, but it doesn't go to the government.  

 

[MrXxxx]

2 hours ago, Democorruptcy said:

You have attributed a quote to me for something that I didn't post. It was by @moneyscam

Sorry about that :-(...and thanks for the correction as I can no longer edit my post :-)

[Jesus Wept]

52 minutes ago, DurhamBorn said:

AT&T are up,im overjoyed about how things are going,massive falls in everything we dont own,small falls in areas im laddering into and little gains in areas im heavy.Id say this slow long self off is very nice.Just need UK to win Eurovision ,well im a contrarian 

Yep - your recommendations have ticked along nicely since April 2021…. Remember these? I didn’t buy every one of these mind. I wish !!! (Bought a few though).  Just a monitoring list to check your credentials ! 

You still holding all these @DurhamBorn ?

Bit disappointed about HFEL though…tsk …. tsk….. 🤣 Mind nice dividend.

 

 

[Sidd]

And the biggest fall of the day goes to... you guessed it.. Silver! (Well apart from ETH and some of the other shitcoins). When the world crashes silver literally burns 🔥 

[Jesus Wept]

2 minutes ago, Sidd said:

And the biggest fall of the day goes to... you guessed it.. Silver! When the world crashes silver burns 🔥

It certainly has a inverse correlation with the DOW ….. 😬

[feed]

https://www.teletrader.com/no-need-for-fed-to-go-over-50bps-at-next-2-meetings/news/details/57872790?internal=1

San Francisco Fed President Mary Daly stated on Thursday that at the moment there is "no need" for the Fed to consider altering its course regarding 50bps rate hikes at the upcoming two meetings.

Daly also noted that the debate between 50 or 75bps is currently not the central bank's primary concern, adding that the Fed is set on attaining a neutral rate of 2.5% by the end of 2022.

[ThoughtCriminal]

Long but interesting thread.

[ThoughtCriminal]

Blas makes an interesting point here.

 

There's nothing simple about finding a new oil supplier.