It's the usual name for the little sewing tools......and my sets are contained in etuis
Open question - Financial
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It's the usual name for the little sewing tools......and my sets are contained in etuis
Derr... also easily forgotten; I forgot I had a few sovereigns in my coin collection
Brochs storage chambers.
nearly a grand each atm. xDerr... also easily forgotten; I forgot I had a few sovereigns in my coin collection
Independent financial adviser should be next to description of legalised theft, there are plenty of horror stories. Day trading another disaster.
I've spoken to several financial advisers in the past and this is what I have discovered:
- None of them knew the difference between Austrian and Keynesian economics.
- None of them knew what the difference is between real money and a fiat currency.
- None of them knew that historically all fiat currencies always end the same way.
- None of them knew about the changes made to UK laws regarding bank bail-ins (as apposed to bank bail-outs which happened last time).
That's not to say that good financial advisors don't have their uses though. With things like mortgages, insurances, paper investment products like ISAs and other tax or law related issues they tend to be very knowledgeable. Especially regarding the products they sell on commission and any laws pertaining to them.
But when it comes to understanding the fundamental underlying concept of what money actually is and how it functions they seem to be rather lacking in my experience. There are probably some financial advisors who are an exception to this but I am yet to fine one.
But when it comes to understanding the fundamental underlying concept of what money actually is and how it functions they seem to be rather lacking in my experience. There are probably some financial advisors who are an exception to this but I am yet to fine one.
Some of them have a vague idea about some of the concepts like money verses fiat but none of them really understood it and thought me to be a bit weird for trying to discus it with them. I think it's due to the way they're educated. From primary school right up to university all that people are taught nowadays is Keynesian economics.
Financial advisors and bank staff exist in a world of fiat currency and paper/digital financial products which don't actually exist other than as imaginary concepts in peoples minds and as data stored on the hard drive of a server somewhere. They're not really real things in the true physical world we exist in.
When Chris gets his silver coins he will feel the weight and density of them in his hands. When he taps them together he will hear the unique resonance that silver makes. I've seen it with my own eyes when you hand two silver coins to someone and they feel them for the first time. People seem to understand it on an instinctive level. Its like they can 'feel' its value.
Gold and silver are real money with real value. They've been real money for longer than civilization has existed and they will still be real money many years from now long after the dollar and the pound have been forgotten about.
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thats to a dealer. sell it private 1k all day long. x
So the markets have opened and silver is up 2.2%, gold 2.7%. Oil initially jumped up from $73 to $79 and has now settled at around $78. No surprises there then but nothing too major either all things considered. Stock markets are down a fraction but largely unaffected by events. But what comes next? Unless the US can bring an end to this war very quickly (possible but unlikely) it’s safe to assume that precious metals and oil will continue to rise for the foreseeable
So far Iran has been focusing on hitting military targets (I’ve heard reports that the hotels were largely occupied by military personnel in civilian clothes from the recently evacuated local military bases). Iranian communications have been cut off but that just means there are now thousands of rocket launchers hidden underneath mountains and in civilian looking articulated lorry trailers all of which have their predetermined target lists and will effectively now be running on autopilot so this war has the potential to go on for a long time yet.
The mainstream media is currently focusing on whether the Strait of Hormuz get closed or not. That would be significant but personally I’m more interested to see if Iran will start hitting oil fields, refineries and shipping port oil depots in the area. I think if that happens we would see another even larger spike up in the oil price than we have seen so far.
Elsewhere this Iran war will be a big benefit to Russia as the higher oil prices will help support their war economy and the US/NATO sending resources to the Middle East means there will be less available for Ukraine putting them on the back foot. Could a desperate Ukraine respond with a tactical nuke or dirty bomb? Something like that would certainly upend the markets. Also how will China respond to the Iran war as China largely depends on Iranian oil to function. Two potential black swan events right there which would upend the markets if anything happens there.
So how best to play this situation? Crypto is proving not to be a safe haven so is best avoided for the time being. The stock markets could take a dive at the first major black swan event so best avoided for the time being too. In my opinion (not financial advice) the safest places to be invested during war time is gold, silver and oil.
So far Iran has been focusing on hitting military targets (I’ve heard reports that the hotels were largely occupied by military personnel in civilian clothes from the recently evacuated local military bases). Iranian communications have been cut off but that just means there are now thousands of rocket launchers hidden underneath mountains and in civilian looking articulated lorry trailers all of which have their predetermined target lists and will effectively now be running on autopilot so this war has the potential to go on for a long time yet.
The mainstream media is currently focusing on whether the Strait of Hormuz get closed or not. That would be significant but personally I’m more interested to see if Iran will start hitting oil fields, refineries and shipping port oil depots in the area. I think if that happens we would see another even larger spike up in the oil price than we have seen so far.
Elsewhere this Iran war will be a big benefit to Russia as the higher oil prices will help support their war economy and the US/NATO sending resources to the Middle East means there will be less available for Ukraine putting them on the back foot. Could a desperate Ukraine respond with a tactical nuke or dirty bomb? Something like that would certainly upend the markets. Also how will China respond to the Iran war as China largely depends on Iranian oil to function. Two potential black swan events right there which would upend the markets if anything happens there.
So how best to play this situation? Crypto is proving not to be a safe haven so is best avoided for the time being. The stock markets could take a dive at the first major black swan event so best avoided for the time being too. In my opinion (not financial advice) the safest places to be invested during war time is gold, silver and oil.
Mod Hat on.......this was supposedly a thread about financal matters....and you have firmly taken into politics.
I quite understand the correlation, but the reality is that we don't discuss three things....politics, religion, racism.
Please pull back and think about this audience.
I quite understand the correlation, but the reality is that we don't discuss three things....politics, religion, racism.
Please pull back and think about this audience.
Speaking of financial matters, particularly high finance.. I've been bursting to let everyone know of my fairly recent magnificent monetary windfall. It's no good..I can restrain myself no longer.
I've been saving the increase for almost two years now and I estimate that by July 2029 I will be able to afford a wild day out somewhere glamourous. Skegness even..
I've been saving the increase for almost two years now and I estimate that by July 2029 I will be able to afford a wild day out somewhere glamourous. Skegness even..
Speaking of financial matters, particularly high finance.. I've been bursting to let everyone know of my fairly recent magnificent monetary windfall. It's no good..I can restrain myself no longer.
I've been saving the increase for almost two years now and I estimate that by July 2029 I will be able to afford a wild day out somewhere glamourous. Skegness even..
Woah easy there, Warren Buffett!
Beers are on saxonaxe.
With my new wealth I applied for membership of Lloyds of London..
They were very rude...
They were very rude...
Speaking of financial matters, particularly high finance.. I've been bursting to let everyone know of my fairly recent magnificent monetary windfall. It's no good..I can restrain myself no longer.
I've been saving the increase for almost two years now and I estimate that by July 2029 I will be able to afford a wild day out somewhere glamourous. Skegness even..
Congrats on reaching this milestone.
Had it professionally evaluated, think we’re OK.
Nice. You clearly have a trained 'Money dog' there - bit like a Pointer but more attracted to shiny things.
We've got Golden Retrievers, I bring you the Silver Labrador.
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