Member Info for FunkyGibbon

Been looking for the shares compensation scheme!!!!
As I understand it, or unless I’m miss informed this is what you get back if your bank goes to the wall.
https://www.moneysavingexpert.com/savings/safe-savings/

With shares I’m sure compensation is much less, that’s where a share certificate could be very beneficial in that scenario. No third party risk.

I’m just fearful of what might happen,
Just google Britain’s Dept Clock. Scary stuff

As I understand it once you have a certificate, it’s no different to having them sat in your invest direct account.
If they Re List and you choose to sell, phone HSBC tell them you want to sell and post them the certificates.
Only the price of a stamp and a days price fluctuation.
That sounds logical and why would it not be so.

Hey Bud, HSBC wrote to me yesterday about Lion, come the 13th December my shares will automatically be transferred into certificates or I can have them transferred to another broker of my choosing, which will hold them in limbo or till Re Listed.
ISA status lost. I’m not too worried about that.
Got loads of these certificates now, all dead money.....

19th January is a Saturday so that would appear nonsense to me, but what do I know.

Anyone got a time, date and place for the AGM ?

Thanks in advance xx

Hey Bud, think you need to delve deeper into the backers of the project.

QUESTION ????????

Hypothetically if a mainstream bank goes bust, would one consider putting ones funds in a project such as https://www.goldbloc.com , that was backed by Gold & Silver. No third party Obligation. Great idea to me......

Here is a link to the Dow Jones. Think this is about to rally by the way. 😉

https://stockcharts.com/h-sc/ui

Now up the top left you can see $INDU
Change this to $BKX Bank Stock index (update)
I believe Lehman Bros went bust at 83. Is it on its way there ????

The scary thing is the Libor Rate. Enter ($Libor3) on a weekly chart. Cost of borrowing is rising rapidly!!!!
London inter bank rate.

You can play all day on this.........

Dow is $INDU
Canada $TSX
Transport $TRAN
S&P $SPX
Nasdaq $COMPQ
Japan $NIKK
India $BSE
German $Dax
French $CAC

US 30 year Treasuries $USB
US 10 Year $TNX

$USD
$GOLD
$SILVER

Endless

Amazing what happens when the cost of borrowing rises, Government bonds collapse, short term bond rise, Gold and Silver rally, people and governments up to their necks in Dept.
Looks to me like it’s just about to become interesting, open the champagne, party is just beginning LMAO 😂

Big Short (part 2). Just having fun. AIMHO ...... DYOR

Need to add, I know someone who has a much larger stake than me, he is very relaxed as well.

Blimey you’re harping on about 50,000 shares, I’ve got close to a million.
At the last meeting, certain things were talked about with various stakes in different pots.
These are currently growing in value, and very lightly could quadruple a few times in value.
I have no worries whatsoever. So chill out.

Thanks for the last couple of days Fres, just sold a wedge with a four figure gain, maybe back in tail end of next week lol

Banked a nice cheque earlier, recon I will have me a top up first thing in the morning.

IMO.... ABC finished.... what do I know

Come on three, I want rocket fuel 🚀

Just had a little top up here, would like to think that 7.69 was the limit to the downside here.
So anything close in my opinion could be a safe bet.

Probably wrong though.
We shall see.

If you think this is bad, try spread betting Silver. Up and down like a yo yo with leverage, never seen anything like it.
Tests your ability to stay sane.

The best way to end up with a small fortune is to start with a large one.....

Great opportunity to top up IMHO may dip a little more. Who knows ?

Down she goes

https://goldprice.org/gold-silver-ratio.html

Nice to see the POS breaking out, up nearly 2%
https://silverprice.org/silver-price-per-kilo.html

Noticed INDU and SPX have come to a grinding halt last couple of days.
Could this be a turning point ?
https://stockcharts.com/h-sc/ui

I bought a shed load at £1.58. That’s the good news but today we stopped at the 50 and 200 DMA
Daily and weekly.
Sit on hands with trepidation...........

Naaa Thursday morning
Gotta cash the cheque first and drink the champagne.

Be nice to see this break out into a canter....
Come on gee up .....

Nice to see this moving up, did I catch the low earlier?