Miles Franklin has a Canadian website and when I asked what their buy back price were for Eagles, I was offered below spot which made me very unhappy since the American website was buying $3 above spot! Can you address this to Andy next time he's on your channel?
It's my understanding and I may be wrong that the Enbridge project was basically going to be some form of blockchain, that is a distributed ledger. It's very difficult to hide transactions on a distributed ledger unless there's some sort of encryption and that doesn't make sense when the idea it distributed ledger is to make everything open and transparent to all people with the ledger. So the fact that all countries involved would have a copy of the ledger seems to me as though it would be very transparent.
One correlation that no one ever has made is if you take that house in germany in a swanky part that you could purchase for one hundred dollars ($100) exactly HOW MUCH WAS THE AVERAGE WAGE AT THE TIME? It was probably around .35-.50cents per hour or $ 20 per week . Let's open the window and let some fresh air ( realistic) onto the subject. While you are correct that $100 bought a great property at the time that was STILL A LOT OF MONEY taking into account .10-.15c for a loaf of bread $500-$800 for an automobile, coffee -.10c a cup ,candy .01c each. Etc.
This a very fair and relevant point. He did seem to flip over the gold to silver ratio at that time, which I'm led to believe was 1:20, so we can say with some degree of accuracy that anyone with a little bag of silver was able to buy these 'super cheap houses'. Being the the UK - England specifically, we have a convoluted legal process to buy houses, along with super slow and often incompetent solicitors, 'buying chains' where 4-5 buyers are all somewhat symbiotically glued and dependant on each others sale going ahead. Not forgetting the dodgy 'stamp duty' to tax buyers even more. Aside from all this, I'd like to get my head around how anyone is able to buy houses with silver or gold, when the price might be volatile, but if not that, securing a price in silver or gold and some kind of biding contract being drawn up to commit both seller and buyer at a given agreed number of units. Who would be drawing up such a contract? The last 'trap door' would fall under due diligence for the buyer to check there was no mortgage owing, just in case the old owner vanishes with your gold/silver and you're left holding the asset the lender really owns. If we can work through these elements and silver climbs to the optimists levels of £1,000 or more, then I'll get excited.
11:52 I would ask Andy would you buy if you weren't the one who sold me the metals and are you only buying back because he's storing it with you if somebody outside your purview has the metals and is willing to sell it to you what would be your premium to buy
Wow Andy, you’ sound slippery. I gave up trying to understand how I can sell my coins back if I need to. This is the problem with buying coins, when you need to sell you get a 10 minute confusion. What I understood is that I can’t sell
Worldwide currency collapse has never occurred in modern times. It's unknown territory for all of us. Anyone claiming to understand what will occur or how to deal with it effectively is just their perspective on it. Consider the ones that said to hold cash. The cash value is zero! It's just a barter system when no established rate is set. Maybe you have 20 1 oz. Gold coins. It won't help when you just want a hamburger. No one would have a way to cover the return money. A bag of silver dimes would be better then. Even if each was 100.00 value.
How do you purchase property trading gold or silver in a hyperinflationary scenario. How do you get the deed and make it legal. This is the biggest question I have and no one will answer it. Please tell me the nuts and bolts of the transaction.
I think isnthe best. Give the owner the gold and you get the legal right for the property but always use a lawyer or the legal institution in your country for the transfer. And after getting the property. You take a 20k mortgage on it to avoid wealth tax
Probably not the best solution to keep gold in the west. You can be sure of extreme limits on gold transactions and super heavy taxation/ fees in case of a currency crash. If you have gold abroad it might be confiscated. How can you secure that? Move to Dubai before the crash, take out yr gold and put it in yr safe? And then what? I simply assume that the idea of 'security' will change according to the circumstances. And nobody can tell you exactly how to safeguard investment. Yes, you can diversify. I know some people who have bought land with a well, built a house and have an extended garden, plenty of seeds, some chickens. Stocked up on dry food supplies. Solar panels etc.
@@jeromehaymaker5071 Okay, we agree, but, you did not address the point of my post. The down and dirty truth is that CBDC's have nothing to do with fiat, per se, but they are using the denigration of the dollar (which they themselves are causing to happen by printing more dollars -- commonly referred to as "inflation") to *SELL* the concept to the masses, which *will* give the gov't. the ability to have complete control over our lives. And, because the average I.Q. is just that, average, they have a very real chance of succeeding. So, my question remains unanswered.
If I build a house and when I got to the roof it wouldn’t fit I would get fired. The government employees should have the same consequences for not performing in their jobs
Thank you Jesse for bringing this golden trio of gentlemen back. Many blessings from Turkey.😊💚💙💚
Miles Franklin has a Canadian website and when I asked what their buy back price were for Eagles, I was offered below spot which made me very unhappy since the American website was buying $3 above spot! Can you address this to Andy next time he's on your channel?
MF bullion is not my company, it is a partnership with one of the two RCM distributors in Canada. If sold back in the US, they
would be 2% over spot.
Maybe currency exchange cost
Thanks jess Andy Alister and Steve for bringing us this great content God bless you all stay safe and well
Thank you!
The BIS can’t undo mBridge. The software is written, it can run anywhere. BIS is just saving face. They can’t actually prevent anything.
It's my understanding and I may be wrong that the Enbridge project was basically going to be some form of blockchain, that is a distributed ledger. It's very difficult to hide transactions on a distributed ledger unless there's some sort of encryption and that doesn't make sense when the idea it distributed ledger is to make everything open and transparent to all people with the ledger. So the fact that all countries involved would have a copy of the ledger seems to me as though it would be very transparent.
Thank you gentlemen
Excellent, thank you.
Another question I would like to ask is do they really need the bis why can't they just create their own Swift system
One correlation that no one ever has made is if you take that house in germany in a swanky part that you could purchase for one hundred dollars ($100) exactly HOW MUCH WAS THE AVERAGE WAGE AT THE TIME? It was probably around .35-.50cents per hour or $ 20 per week . Let's open the window and let some fresh air ( realistic) onto the subject.
While you are correct that $100 bought a great property at the time that was STILL A LOT OF MONEY taking into account .10-.15c for a loaf of bread $500-$800 for an automobile, coffee -.10c a cup ,candy .01c each. Etc.
This a very fair and relevant point. He did seem to flip over the gold to silver ratio at that time, which I'm led to believe was 1:20, so we can say with some degree of accuracy that anyone with a little bag of silver was able to buy these 'super cheap houses'. Being the the UK - England specifically, we have a convoluted legal process to buy houses, along with super slow and often incompetent solicitors, 'buying chains' where 4-5 buyers are all somewhat symbiotically glued and dependant on each others sale going ahead. Not forgetting the dodgy 'stamp duty' to tax buyers even more. Aside from all this, I'd like to get my head around how anyone is able to buy houses with silver or gold, when the price might be volatile, but if not that, securing a price in silver or gold and some kind of biding contract being drawn up to commit both seller and buyer at a given agreed number of units. Who would be drawing up such a contract? The last 'trap door' would fall under due diligence for the buyer to check there was no mortgage owing, just in case the old owner vanishes with your gold/silver and you're left holding the asset the lender really owns. If we can work through these elements and silver climbs to the optimists levels of £1,000 or more, then I'll get excited.
Jesse, thank you for fielding my question.
Happy to, thanks for submitting it!
11:52 I would ask Andy would you buy if you weren't the one who sold me the metals and are you only buying back because he's storing it with you if somebody outside your purview has the metals and is willing to sell it to you what would be your premium to buy
Wow Andy, you’ sound slippery. I gave up trying to understand how I can sell my coins back if I need to. This is the problem with buying coins, when you need to sell you get a 10 minute confusion. What I understood is that I can’t sell
Good LCS will give you spot + part of the current vig, for sovereign coins. Less for rounds. Just ask around. They are happy to buy from you.
I agree.
When you buy these coins no one really explains to you the exit strategy.
LCS VIG ? Would you define those terms for me?Thank yo@@andrewbradnan
Worldwide currency collapse has never occurred in modern times. It's unknown territory for all of us. Anyone claiming to understand what will occur or how to deal with it effectively is just their perspective on it. Consider the ones that said to hold cash. The cash value is zero!
It's just a barter system when no established rate is set. Maybe you have 20 1 oz. Gold coins. It won't help when you just want a hamburger. No one would have a way to cover the return money. A bag of silver dimes would be better then. Even if each was 100.00 value.
On-shoring. Great stuff. Who in the West will work for USD 3 per day?
Anyone that’s hungry
How do you purchase property trading gold or silver in a hyperinflationary scenario. How do you get the deed and make it legal. This is the biggest question I have and no one will answer it. Please tell me the nuts and bolts of the transaction.
I think isnthe best. Give the owner the gold and you get the legal right for the property but always use a lawyer or the legal institution in your country for the transfer. And after getting the property. You take a 20k mortgage on it to avoid wealth tax
There is no teacher for the market. The market is the teacher. #Patterns
The teacher is corrupt than🤡
Hey Jessie, you have a massive Silver etc (I think) mine in Serbia…any chance you can do a mine tour?
That would be pretty cool, do you know the name of the company?
@ yes, but the Vares Project is in Bosnia and Herzegovina. Adriatic metals.
Very interesting. I hope they do mine tours.
Good luck, cheers from 🇦🇺
They never tell you when Gold crashed
Unless I missed it, they did not answer the question, “How to buy a house with gold.”
Lynette Zhang follows the strategy. When gold revalues, she's going to pay off her fixed rate mortgage with gold.
Its impossible for US government to apply gold confiscation today like they did in 1933.
Probably not the best solution to keep gold in the west. You can be sure of extreme limits on gold transactions and super heavy taxation/ fees in case of a currency crash.
If you have gold abroad it might be confiscated. How can you secure that? Move to Dubai before the crash, take out yr gold and put it in yr safe? And then what? I simply assume that the idea of 'security' will change according to the circumstances. And nobody can tell you exactly how to safeguard investment. Yes, you can diversify. I know some people who have bought land with a well, built a house and have an extended garden, plenty of seeds, some chickens. Stocked up on dry food supplies. Solar panels etc.
Sorry guys this is not working any longer. PM crashing again. weak market. No backbone no stability
Why can't these seemingly knowledgeable people answer the question about using gold if the govt. goes to a CBDC?
A cbdc is stupid. If currency has no value because trust is lost in government, the cbcd is worth the same. They are both fiat currency.
@@jeromehaymaker5071 Okay, we agree, but, you did not address the point of my post. The down and dirty truth is that CBDC's have nothing to do with fiat, per se, but they are using the denigration of the dollar (which they themselves are causing to happen by printing more dollars -- commonly referred to as "inflation") to *SELL* the concept to the masses, which *will* give the gov't. the ability to have complete control over our lives.
And, because the average I.Q. is just that, average, they have a very real chance of succeeding.
So, my question remains unanswered.
Where does Trump stand to on cbdc!!?
That is a major question!!!
He's against it.He claims it would never happen under his administration.He wants to save the dollar.
If I build a house and when I got to the roof it wouldn’t fit I would get fired. The government employees should have the same consequences for not performing in their jobs
Completely agree with you.
Gold crashed hard!
Were long term, gold will rise.
@ Hope so!!!
Has done before......amazing it's lasted for over 5000 years and always appreciated in value. I know what I'm sticking to.
Andy Salesman - Best in Show Award for "Answering a Simple Question in 10 Minutes Which Should Have Only Taken 30 Seconds" award.
Its called business, keep the sheeple busy .
What are ypu contributing to this space?
@@ARyderK A. I.
黃金和白銀價格下個月要大漲！！！
So many adverts, it's unwatchable.
Lol😂 bye bye gold
Gold didn't go away for over 5000 years & you think it's gonna go away anytime soon because of Trump, cryptocurrency......who's laughing now ?
I have a solution, contact me