US default, USD collapse: which currency to do best?

Hilarious, Pat has gone from a free-market hating Socialist to Doomsday Prepper!:LOL:
 
new_trader said:
Hilarious, Pat has gone from a free-market hating Socialist to Doomsday Prepper!:LOL:
Click to expand...

I expect NT is wishing Carol Thatcher could hand bag the offenders like her mother.

I just hope there is enough common sense to resolve the situation.
 
Pat494 said:
I expect NT is wishing Carol Thatcher could swot the offenders like her mother.
Click to expand...

Why don't you want to keep your Government issued money? You better stay away from that nasty free-market money, otherwise you might look like a hypocrite...or worse, a traitor! :-0

World collapse? Bring it on!
 
darktone said:
Coins are good, divisible, easy to verify. Under the bed is good, in a hidden house vault is better. Dont store them with anyone, especially not a bank! Imho, if SHTF, you dont own it if its not in your hand.
Click to expand...

Now darktone is giving advice about gold...:LOL::LOL::LOL:
 
new_trader said:
Why don't you want to keep your Government issued money? You better stay away from that nasty free-market money, otherwise you might look like a hypocrite...or worse, a traitor! :-0

World collapse? Bring it on!
Click to expand...

I'll keep the pounds in my pocket if I can.

It's free market capitalists like you that are risking world collapse. As for " bring it on " - what makes you think you will survive the chaos ? Or have you a convenient bolt hole somewhere ?
 
His views are a lot more sensible than some I could mention.
Smash and grab capitalism has had it's day !!

It's going to take cool nerves of steel to sort out this mess, regardless of the " free-money blow-flies "

:clap:
 
Pat494 said:
It's free market capitalists like you that are risking world collapse.
Click to expand...

This is a Sovereign debt problem if you haven't figured it out yet. Keep that Government paper in your pocket, in the event of collapse you'll need something to wipe your ar5e :LOL:
 
Historians may well look back and point to this debacle as the end of Americana and it's fantasy world as projected by Hollywood.
A study showed that 10% of the under tens in the USA believed in Superman etc.
That figure may even be surpased in other centres of power.
 
Pat494 said:
If everything goes tits up ( thanks US ) and the coinage collapses how are you going to pay for the little things if you have sovereigns etc. ? Are you going to snip a bit off ?
It would be better to buy a gold necklace or bracelet and hand over 1 link for a cabbage etc.
Click to expand...

Hold some silver coins also. Smaller value.
 
darktone said:
Ive never had a problem with gold NT, I just dont see it in the same 'fix for all' way as you.
Click to expand...

Really? Maybe you can highlight the threads/posts where I claim gold can fix problems other than inflation. Anyway, I don't really care if you do or don't, I'm confident you can't and therefore won't. It is good that you are 'educating' people on why gold is money.(y)

Even Pat494 is on board with the gold bugs!
 
new_trader said:
Really? Maybe you can highlight the threads/posts where I claim gold can fix problems other than inflation. Anyway, I don't really care if you do or don't, I'm confident you can't and therefore won't. It is good that you are 'educating' people on why gold is money.(y)

Even Pat494 is on board with the gold bugs!
Click to expand...

Well, going on our previous exchanges, you'll likely misrepresent and distort anything I offer, sooo ill just leave you to the er "Government issued money" mishaps.. :sleep:
Merry monday to you.
 
darktone said:
Well, going on our previous exchanges, you'll likely misrepresent and distort anything I offer, sooo ill just leave you to the er "Government issued money" mishaps.. :sleep:
Merry monday to you.
Click to expand...

This is a good example of why I *CAN'T STAND PEOPLE*

You fail to provide any evidence of your assertion that I promote gold as a "fix for all" because you know what you said is utter baseless B.S. You then have the audacity to say that I will distort anything that you offer.

Why did you feel the need to post in this thread advising people to own physical gold? Could it be for the same reason I've highlighted, that you imply is so boring?

I expect another spurious reply from you because you can't seem to formulate a debate based on facts.


f*cking people!
 
Absolutely no disrespect intended new_trader, but an observation that research suggests psychopaths and sociopaths cluster in the high-achieving end of the success spectrum. Business and political leaders as well as historical figures who are noted for their significant achievements seem to be endowed with good measures of what the masses would normally consider defects - or perhaps are taught to consider as defects.

As I've noted in a post before, the majority of the good & the great from the past on this site seemed to have had what we would term significant issues and been a bit on the bristly side too, but their competence and confidence was tangible.

Your obvious intelligence in the areas you discuss always makes it a worthwhile effort to read your work, while your equally obvious disregard for anger management and the human race in general, makes you compulsive research material for those interested in the human dynamic in trading.
 
new_trader said:
You fail to provide any evidence of your assertion that I promote gold as a "fix for all" because you know what you said is utter baseless B.S. You then have the audacity to say that I will distort anything that you offer.
Click to expand...
Ohhh maybe I was being too generalised for you. But, based on our previous exchanges, imo, in general, you do seem to luva da gold! I think, maybe. Better?
On the distort thing, well, you do, imo! You also like to try and discredit and insult those who dont share your view, imo, in general. Dare say theres some fine examples in the money thread I did a while back. Ill bump for anyone who has nothing better to do.

new_trader said:
Why did you feel the need to post in this thread advising people to own physical gold? Could it be for the same reason I've highlighted, that you imply is so boring?
Click to expand...
As far as im aware, I can post as I where I choose, cant I? Given the obvious fragile state of our current system, I can see the sense in physically holding any asset. Rest assured though, my view on gold has 100% nothing to do with anything youve said!

new_trader said:
I expect another spurious reply from you because you can't seem to formulate a debate based on facts.
Click to expand...
Whaaaaatever! :p
 
http://uk.reuters.com/article/2013/10/15/us-usa-fiscal-idUKBRE98N11220131015

Cracks are showing in the game of chicken, simple fact is no one
on either side will want to be blamed for default.
Thats all they really care about, how they look coming out of this.
Just a case of who blinks first.

Lets face it, whichever party gets the blame for default probably wouldn't
win an election for the next 3 terms at least.
Pretty powerful incentive to avoid default at all costs.

Agreement to kick the can further down the road is highly likely
to be reached before Oct 17, if only for the sake of the political
careers of those who would be held most responsible as it would
probably end said political career...
 
I calculate the 1oz Britannia to be worth around £801.25 on current gold spot price which would suggest BBP are keen to build rather than retail their stock. But yes, just like the airport currency exchanges - money for old rope.
 
All coins carry a premium:
http://www.goldcore.com/products_services/bullion/details/GBRIT/EUR
Extract from above site:
"As with most one ounce gold bullion coins, they are made
available to world bullion dealers at a small premium over the current gold fix,
so that after distribution costs, the coins would be available to investors in
quantity at a attractive premium over intrinsic gold values."

You want CGT and VAT free physical gold, thats the premium you pay.
Every other coin dealer is exactly the same:
http://www.atsbullion.com/Home/AllP...-2013/ProductID/30/CategoryID/30/Default.aspx
http://www.thegoldbullion.co.uk/buy-gold-britannia-coins/2013-gold-britannia

Then you have the issue of selling it on:
http://www.telegraph.co.uk/finance/...Buy-gold-they-say-but-how-do-you-sell-it.html
Thats the price of tax free physical ownership with no storage costs (uninsured is something else...).

For those reasons, I personally think this is the more efficient option:
http://www.bullionvault.com/
Secure storage is covered, and the gold is audited as good delivery:
http://www.bullionvault.com/modal/_good-delivery-system-modal.html
Read the FAQ on that site, the world gold council has an 11% stake:
http://www.gold.org/investment/partners/bullion_vault/
Also you can choose storage jurisdiction, most BV clients choose Zurich.

Other than that, this is the best value option in spot price terms for physical:
http://www.valcambi.com/products-and-metals/combibarTM/au/50-x-1-g/50-x-1-g-gold-combibarTM/
 
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