Member Info for NoelShempsky

LemonTree1, I enjoyed listening to this man talk about his gold coins in relation to currency debasment. One of his coins is a 1904 double eagle. I have a 1904 double eagle. This is an interesting talk (I found it interesting) about why you should have gold coins.

"URGENT MESSAGE For Gold and Silver Stackers! GET OUT NOW Before It's Too Late - Mario Innecco"

https://www.youtube.com/watch?v=oxFibTwcOn8

"I like to hold gold coins as opposed to silver coins.... " Well done. (Whats' your address? ;) )

I originally suggested silver coins as Christmas presents. They will be appreciated more than frankesence or myrrh and they are cheaper than gold.

"some Youtubers are find it hard to sell their silver hoard" - just wait until the mania starts. Dealers will be begging for them or you might not not even need a dealer, friends and relatives might be keen to buy from you so no dealers margin.

"soon you they will be hard to get" - whoops, muddled thinking, take your pick from "soon you will find them hard to get" or "soon they will be hard to get".

I suggested buying silver coins and I said that soon they will be hard to get because dealers will have "Sold out" \ "Out of stock" on their web sites.

Just out - "Schiff: Expect Gold & Silver Panic Buying, Plus The Big Move In Silver Is Coming"

https://kingworldnews.com/schiff-expect-gold-silver-panic-buying-plus-the-big-move-in-silver-is-coming/

I suggested buying silver coins and I said that soon you they will be hard to get because dealers will have "Sold out" \ "Out of stock" on their web sites.

Just out - "Schiff: Expect Gold & Silver Panic Buying, Plus The Big Move In Silver Is Coming"

https://kingworldnews.com/schiff-expect-gold-silver-panic-buying-plus-the-big-move-in-silver-is-coming/

"Considering the age of this video if it was to have an effect on SP it would already" - when I saw it it was six hours old and that was hours after the market had closed.

However there is no mad rush to sell this morning. I doubt that one man (other than Trump when he announces tariffs then changes his mind)) could influence the share price.

"Fair enough Norel believe what you like" - all I believe is that the prospectus says what this man tells us it says.

"all I’m saying is PAF has a lot going for it" I agree. In an earlier post I said "why sell good companies" - I regard PAF as a good company.

But that wasn't what you said. You said you were "surprised people here even believe the video off a xcel spreadsheet" but you did add the :) symbol so perhaps you were joking or being sarcastic so please don't think I am having a dig at you, I am just clearing up what I believe or don't believe. I don't want others to be misled about that because on other boards that has led to pretty strong attacks on me for things I never said.

We will just have to wait to see what happens to find out if this does hit the PaF sp.

In the video, he says that he is surprised to see Fresnillo because he thought it was a silver miner.

In this video that he made three weeks ago he talks about the largest gold mining companies and Fresnillo is on the list of gold miners.

https://www.youtube.com/watch?v=XkhT_0KmoEU

I've just watched the last few minutes and he talks about market disruption.

"I’m surprised people here even believe the video off a xcel spreadsheet" it would have been better if you had given some rational argument about what is wrong with the spreadsheet. The man is just telling us what he has read in the prospectus and he uses their spreadsheet to show what the result will be.

I've just thought of a snag that undermines my theory (I knew there'd be one).

The changes will take place over a period of months so they will drip feed the sales and look for opportunities to buy at good prices.

" In 1999 when Gordon Brown sold off a third (or was it half?) of Britain's gold reserves, he announced it in advance and the gold price fell" I think he should have gone to prison for treason.

" can't find a good reason for VanEck to sell PAF" I know what you mean, why sell good companies but the reason is in the video - the change of the index. It is the whole point of the video.

A bit of a theory, just seeing if anyone thinks it is valid.

By announcing it in advance they will drive the prices of the ones they are selling down and the ones they are buying up. In 1999 when Gordon Brown sold off a third (or was it half?) of Britain's gold reserves, he announced it in advance and the gold price fell.

VanEck will get less from their sales and pay more on their purchases. So why did they announce it in advance?

"I look at fundamentals first" - of course. I post on so many boards I can't remember who said what but I think it was on where that Ghengis said something like that and that it it was good to have the "tea leaf readers" (cheeky b@st@rd) on board. Use all of the tools available,

Talking about the 1970 has reminded me of a craze or fashion item that took off in the early to mid-seventies - a gold ingot on a chain around your neck - men and women. They were usually only 9 kt. I don't recall the sort of prices but I think about ten to fifteen pounds for a 1oz 9 karat ingot would be a reasonable estimate.

This is with reference to "I've got news for you. The price of silver coins has already gone up. A lot. Be very careful" - because I never bought one, I thought people were mad paying that sort of money. A year later I wished I had bought one. That experience is what made me a gold bug.

"I've got news for you. The price of silver coins has already gone up. A lot. Be very careful." This government has wrecked the economy, they have added over £30 billion to our debt and the end result will be massive inflation. Everything will be going up - a lot.

I've seen it before the last time Labour did it in the 1970s. It felt good getting a 25% pay rise, but prices were going up so quickly that a few months later the cost of living had gone up so much that the pay rise wasn't enough to keep up.

People used to stock on consumables - food, toilet rolls, batteries, coal (still more coal fires than gas central heating back then) to try to beat the price rises.

They are going to to up a lot more. A mania is on the way.

Anyway, back to my original point - silver coins as Christmas presents. They will be appreciated more than frankencense or myrrh and they are cheaper than gold.

Anyway, back to my original point - silver coins as Christmas presents. They will be appreciated more than frankencense or myrrh and they are cheaper than gold.

Thanks for all the responces and the points of debate.

"Pay near to spot prices for those" - are you in the USA?

"You can get a delivery, but i think the smallest is a 100oz bar." Builion By Post will deliver a single 1oz coin.