Pre 1993 copper 2p coins for investment?

edinburgher

This thread reads like another battle cry for compulsive sad bar...staff everywhere

There's a difference between sticking to 'conventional' investments and being some sort of sad corporate tool who can't think for himself. If an 'investment' requires more of my time than I'd earn at work in the same time, it's a waste of effort.

Visions of borderline conspiracy theorists with store cupboards full of corned beef, instant noodles, BOGOF shampoo (to hedge against inflation, dontcha know?) and jars of pennies. Surely there's more to life?

listonosz

Surely people must be worried a little bit that economic powers
like the U.K and U.S.A keep debasing its coinage.
Its the sort of thing I would expect from third world countries.
How long before we see the return of the pound note as paper is far cheaper than metal.

bendix

edinburgher wrote: »

This thread reads like another battle cry for compulsive sad bar...staff everywhere

There's a difference between sticking to 'conventional' investments and being some sort of sad corporate tool who can't think for himself. If an 'investment' requires more of my time than I'd earn at work in the same time, it's a waste of effort.

Visions of borderline conspiracy theorists with store cupboards full of corned beef, instant noodles, BOGOF shampoo (to hedge against inflation, dontcha know?) and jars of pennies. Surely there's more to life?

Well, let's not forget that smeagold has aspirations to be a 'back-to-the-lander', growing his own food etc. It all fits, doesn't it? Hoarding metals, dropping out . . . . . the next we hear he will have joined some kind of militia and be a gun nut.

Of course, noone has yet pointed out the irony of smeagold calling other investors 'sheep' for not 'thinking outside the box' on investments when his sole investment strategy seems to be gold and silver, perhaps the most 'inside the box' of all asset classes.

bendix

listonosz wrote: »

Surely people must be worried a little bit that economic powers
like the U.K and U.S.A keep debasing its coinage.
Its the sort of thing I would expect from third world countries.
How long before we see the return of the pound note as paper is far cheaper than metal.

No. Not me. I have better things to do that worrying about things that are completely unimportant.

bendix

edinburgher wrote: »

This thread reads like another battle cry for compulsive sad bar...staff everywhere

There's a difference between sticking to 'conventional' investments and being some sort of sad corporate tool who can't think for himself. If an 'investment' requires more of my time than I'd earn at work in the same time, it's a waste of effort.

Visions of borderline conspiracy theorists with store cupboards full of corned beef, instant noodles, BOGOF shampoo (to hedge against inflation, dontcha know?) and jars of pennies. Surely there's more to life?

Have you also noticed that it's the same group of conspiracy theoriest (Asheron, smeagold etc) who get all their investment and economic knowledge from Youtube?

'nuff said.

listonosz

I think this could turn out to be rather important as debasement leads to economic collapse eventually.

smeagold

All these comments just make me laugh, you people just don't get do you? You don't realise whats going on at all. your 'wealth' when stored in paper, no matter if its cash or bonds is being stolen from you while you sleep.

Government-sanctioned monetary theft by deception is being instituted on a scale the world has never seen. If the cause of inflation were understood by the people, then totalitarian, socialistic government would be unattainable. This ruthless theft is not an accident! President Franklin D. Roosevelt

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a
million is able to diagnose.”
– John Maynard Keynes

You think this recent bout of inflation is a blip? wrong. it is a deliberate policy of all governments to steal your wealth with a 'global printing paper money into oblivion' bonanza that will not end.
If you don't start dumping the paper and buying real assets wether its gold, silver, copper, farm land, food, oil or whatever some day soon your gonna wake up a pauper cos your paper money will be printed into nothing

You all need to wake up to whats going on and start thinking outside of the box and start protecting yourselves. The financial system and with it paper currency is collapsing.

Paper money eventually returns to its intrinsic value ---- zero. Voltaire

smeagold

And whats this nonsense?

bendix wrote: »

On the plus side, you could add the profits from this latest enterprise to your stellar £25-£30 trading profits a day trading gold and silver. Carry on like this, and you'll be rich beyond your wildest dreams.

I make on an avg month about 2k occasionally I have a bad month due to the movement of gold/silver(or lack therof) thats 20 trading days at £100 a day and I don't even need to leave the house. I'm quite content with that as I'm sure most would.

bendix

smeagold wrote: »

You think this recent bout of inflation is a blip? wrong. it is a deliberate policy of all governments to steal your wealth with a 'global printing paper money into oblivion' bonanza that will not end.

If you don't start dumping the paper and buying real assets wether its gold, silver, copper, farm land, food, oil or whatever some day soon your gonna wake up a pauper cos your paper money will be printed into nothing

You all need to wake up to whats going on and start thinking outside of the box and start protecting yourselves. The financial system and with it paper currency is collapsing.

Paper money eventually returns to its intrinsic value ---- zero. Voltaire

What's scary is that you actually believe this. How old are you smeagold? Serious question. If find it incredibly sad to see someone disintegrating like this.

Tell me . . if you're so concerned about this, why do you allow your wife to go out and work to provide for you and your family? Does she get paid in gold or turnips, or in cash?

Do you remember the periods of double digit inflation in the early 1980s? Economic fortunes - unemployment, inflation, high and low growth - is cyclical. It's always been thus.

At the moment we are in a low inflation period heading into a higher period . . big deal. Been there, done that, got the teeshirt. I suppose i understand why some alarmists are worried, but I'm not. It's called having perspective.

The internet combined with too much time on your hands . . it's a dangerous combination for the gullible, don't you think?

bendix

smeagold wrote: »

And whats this nonsense?



I make on an avg month about 2k occasionally I have a bad month due to the movement of gold/silver(or lack therof) thats 20 trading days at £100 a day and I don't even need to leave the house. I'm quite content with that as I'm sure most would.

Really? Oh, because last week it was £1-£2k a month, but now it's £2k an average month. Those goalposts keep moving, don't they smea, sonny boy?

But yes. Those are stellar figures, indeed. I'm sure you're comfortable with it. Yes. Quite. A massive income of £24k a year trading something you tell me is the best investment asset class - no, the ONLY asset class, in existence.

And you get all the time in the world to watch nutters on Youtube frazzle your brain too.

£24k a year, huh? Must be nice to be so loaded.