Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011 
Likes: 1,013
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Post by Godanubis on Jun 11, 2019 8:12:29 GMT
that's for sure, this late in the economic cycle, staying in P2P seems unwise to me A crash is inevitable despite all desperate attempts by central banks around the globe... time for precious metal holdingMmmm , that advice has been on offer for the last 20 years, but it never seems to work out in the modern era. In relatively recent times of crisis (eg. the 2007 crisis), there was much more of a flight to the US Dollar than to Gold (or Silver). To all physical gold holders who feel they are "protected" , I ask them this : If the Armegeddon they are predicting (ie. a total financial meltdown) actually happens, how exactly are they going to profit from their gold holding ? Best of luck when you try paying for your Tescos shopping with a Gold sovereign .... ok that's flippant, but if there is a total loss of confidence in fiat currency there will literally be blood on the streets, and there won't be any way of actually using Gold coins as a medium of exchange. How could the recipient trust them , value them, weigh them etc etc. Rare earth metals. High demand, Low supply
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Post by patright on Jun 11, 2019 9:17:29 GMT
Mmmm , that advice has been on offer for the last 20 years, but it never seems to work out in the modern era. In relatively recent times of crisis (eg. the 2007 crisis), there was much more of a flight to the US Dollar than to Gold (or Silver). To all physical gold holders who feel they are "protected" , I ask them this : If the Armegeddon they are predicting (ie. a total financial meltdown) actually happens, how exactly are they going to profit from their gold holding ? Best of luck when you try paying for your Tescos shopping with a Gold sovereign .... ok that's flippant, but if there is a total loss of confidence in fiat currency there will literally be blood on the streets, and there won't be any way of actually using Gold coins as a medium of exchange. How could the recipient trust them , value them, weigh them etc etc. Rare earth metals. High demand, Low supply mmm How about QE in 2011 when gold went to 1900 and silver to 50 silver is now sitting at 15, seems all of that is within the last 20 years to me Did Powell just mention that QE was no longer so unconventional? Now for the remaining of your comment, have you been to Venezuela lately and see what gold means when "blood on the streets" Anyway, I am humble man, I don't bet against 5000 years of History
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dovap
Member of DD Central
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Post by dovap on Jun 11, 2019 9:45:11 GMT
Mmmm , that advice has been on offer for the last 20 years, but it never seems to work out in the modern era. In relatively recent times of crisis (eg. the 2007 crisis), there was much more of a flight to the US Dollar than to Gold (or Silver). To all physical gold holders who feel they are "protected" , I ask them this : If the Armegeddon they are predicting (ie. a total financial meltdown) actually happens, how exactly are they going to profit from their gold holding ? Best of luck when you try paying for your Tescos shopping with a Gold sovereign .... ok that's flippant, but if there is a total loss of confidence in fiat currency there will literally be blood on the streets, and there won't be any way of actually using Gold coins as a medium of exchange. How could the recipient trust them , value them, weigh them etc etc. Rare earth metals. High demand, Low supply fwiw - despite the name supply is relatively plentiful. oh well always bitcoins suppose
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Jun 11, 2019 10:16:44 GMT
Rare earth metals. High demand, Low supply fwiw - despite the name supply is relatively plentiful. oh well always bitcoins suppose Like diamonds there are plenty but supply is heavily controlled by a few. With “the Donald” stirring things up there could be a shortage soon. Latest News
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sydb
Member of DD Central
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Post by sydb on Jun 11, 2019 11:31:11 GMT
China and Russia main banks continuing to buy lots of gold I believe.
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copacetic
Member of DD Central
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Post by copacetic on Jun 11, 2019 11:46:21 GMT
that's for sure, this late in the economic cycle, staying in P2P seems unwise to me A crash is inevitable despite all desperate attempts by central banks around the globe... time for precious metal holdingTo all physical gold holders who feel they are "protected" , I ask them this : If the Armegeddon they are predicting (ie. a total financial meltdown) actually happens, how exactly are they going to profit from their gold holding ? Best of luck when you try paying for your Tescos shopping with a Gold sovereign .... ok that's flippant, but if there is a total loss of confidence in fiat currency there will literally be blood on the streets, and there won't be any way of actually using Gold coins as a medium of exchange. How could the recipient trust them , value them, weigh them etc etc.
In the case of a armageddon and a total financial meltdown the things that have tradeable value would be food, weapons, medicine, solar panels, some tech etc.
Actually, come to think of it a "large fortified house" might also have some value. I think Lendy may have sold that one off too soon.
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sydb
Member of DD Central
Posts: 345
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Post by sydb on Jun 11, 2019 13:02:09 GMT
People often forget community as being important, too, even if you want to call that a gang. Anyway, somewhat off topic now.
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averageguy
Member of DD Central
Posts: 1,188
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Post by averageguy on Jun 14, 2019 9:00:20 GMT
Await the update re the reconciliation
‘’This exercise is not finalised; however, we can report that the initial analysis shows that the client account balance matches the sum held in the bank account, being £1 0.17m. We will provide a further update in this matter next week.’’
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Post by Deleted on Jun 14, 2019 15:26:41 GMT
The FCA require the reconciliation due to the current restriction in place, ie the administrators are doing in three weeks what Lendy failed to do in 5 years. Did the overdue accounts ever end up at CH?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
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Post by ilmoro on Jun 14, 2019 16:14:58 GMT
Update received - doesn't add much
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averageguy
Member of DD Central
Posts: 1,188
Likes: 895
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Post by averageguy on Jun 14, 2019 16:21:40 GMT
Update received - doesn't add much No update re bank rec as suggested last week
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Post by Deleted on Jun 14, 2019 16:22:03 GMT
Well that was a totally pointless non-update.
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Mucho P2P
Member of DD Central
Posts: 946
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Post by Mucho P2P on Jun 14, 2019 16:50:39 GMT
that's for sure, this late in the economic cycle, staying in P2P seems unwise to me A crash is inevitable despite all desperate attempts by central banks around the globe... time for precious metal holdingMmmm , that advice has been on offer for the last 20 years, but it never seems to work out in the modern era. In relatively recent times of crisis (eg. the 2007 crisis), there was much more of a flight to the US Dollar than to Gold (or Silver). To all physical gold holders who feel they are "protected" , I ask them this : If the Armegeddon they are predicting (ie. a total financial meltdown) actually happens, how exactly are they going to profit from their gold holding ? Best of luck when you try paying for your Tescos shopping with a Gold sovereign .... ok that's flippant, but if there is a total loss of confidence in fiat currency there will literally be blood on the streets, and there won't be any way of actually using Gold coins as a medium of exchange. How could the recipient trust them , value them, weigh them etc etc. Nice one lobster, how about Armageddon in the streets, Somalia et al = Gold for Kalashnikovs, seems to work in most lawless societies. As for the minuscule update…..not sure I am satisfied with the wording “we are in the process of reviewing these” and “share analysis”…… deciphered, that is likely [hopefully i am wrong] to imply - brace for impact.
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mikeh
Member of DD Central
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Post by mikeh on Jun 14, 2019 17:10:19 GMT
Update received - doesn't add much They are clearly getting acclimatised to the Lendy way of doing things!
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Post by Badly Drawn Stickman on Jun 14, 2019 17:17:12 GMT
Update received - doesn't add much They are clearly getting acclimatised to the Lendy way of doing things! Arguably the email clarified a few points that have been mentioned on the forum, I am going with the glass half full approach. Any contact is better than none.
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