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Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts

1/31/18

Best exchange rate for digital currencies.

I have tried a lot of various exchanges and I have been not happy with the vast majority of them. The majority of the problems are that besides having to check their sites extensively, I use scamadviser.com as the first check, then what other write about various companies and apps.

This is the best app for exchange of digital currencies https://LocalBitcoins.com./, but remember that if the offer is too good to be true then use a few minutes to check the profile and the country of origin. The amount of confirmed info and reviews from the other users.

I have noticed that the majority of claims of sites being ponzi scams often are selling even more dubiuos scam websites, that they present after their analysis of the site that they deem as a ponzi scheme. In the end there is only common sense that can be the most useful tool.

Is the reward unrealistic high, sadly in most cases the loss of investment is the most common result for 24 months cloud mining contracts, compared to what a simple calculator programs return as results for the returns of the investment.

If is not possible to pay with a credit or debit card and only with Bitcoin, Ether BitcoinCash, Bitcoin Gold or other digital currencies, then there is no help from anyone or any government agencies or banks. It requires a huge amount of trust and research, try to find a customer review page and get ready to be chocked with how little many huge companies care, they don't even bother to to remove the most sad stories and crying for help with people going bankrupt.

If the settling of disputes is in a nation that does not care about foreign investors that are not able to prove that they have been scammed. If the legal matters are solved in countries like China, Cayman Island or other tax free heavens for dodgy criminal companies and rich individuals who hide their wealth in shell companies, then it is a risk factor that has to be accounted in the risk assessment.

Gold and silver coins are still the best as they are tax free in almost every nation and with a little research silver can be purchased VAT free in the EU, with free shipping. But that is only for securing your wealth and not the best way to get a return from it.

Digital currencies can be used to get decent return from an investment and convert it to the most stable valuable goods as gold and silver coins are, but it looks like the digital currency market is behaving like gold and silver which is a cartel.

The majority of gold and silver are owned by a few companies, the best way to see it is the fixed relationship between the price index between the two precious metals, that is not determined by the demand and supply, it follows each other. When the price was sky high around 2012 it was due to the lack of silver, but after the discovery of one of the largest silver deposits in South America, the supply was so big that some gold and silver specialist investors predicted that the supply was big enough to to last 15 to 20 years. The result was that gold was suddenly very cheap with no change in the supply and demand, it followed the price index of silver. That is either really strange or a hint of cartels agreeing on a fixed ratio, I don't know for sure so any other guess is valid.

My own strategy is to be sceptical, assuming that the game is rigged and not panic when prices plunge down as it is an old tactic in the gold and silver trading, to create panic and buy cheap while others freak out and sells as much as possible to save as much as possible.

12/3/17

Good news for the collectors of gold and silver.

There is finally good news for gold and silver collectors, the easiest gold and silver exchange shop to use and find in Copenhagen in the Central Station. Tavex has installed an X-Ray scanner to ensure the purity of the gold and silver that they trade. As the technology to create fake gold has improved and the amount of fake gold and silver is rising, the ability to trust if it is fake or not, requires more than trust to the seller, as they can be scammed too which has been seen from reputable companies. 

The only time it is necessary to purchase gold and silver scanning equipment is when buying from private individuals, where common sense and a little research should cover most problems.


I offer help with checking the purity of gold and silver, safety advices, personal protection for purchases to private individuals in Copenhagen for a fee, depending on the amount of the transaction and risk evaluation.


For more information about my training, teaching and experience with more than 30 years of martial arts training in various systems, I have since 2005 specialized in EQCB combative methodologies trained and instructed in how to survive armed assaults, learned from the best knife,blade and firearms experts in the world. You can get more info on the link below. 

https://copenhagencombatives.blogspot.dk/https://copenhagencombatives.blogspot.dk/

3/1/17

Welcome to the Blog


This blog is a new project started after purchasing two 5-gram Special edition PAMP gold bars from a reputable gold, silver and currency shop with departments in many European Countries. 

I noticed that the verification serial number was not correct; it did not have a letter in front of the 6-digit verification code. After a lengthy request to check the flaw, the 3rd time the manager of the shop came and gave me the worst BS excuse about the missing letter in the verification code of authenticity.The problem was that the manager claimed that first digit was the letter O and not the number zero, 0, and the missing last number in the 6 digit code was correct, as they trusted their source, I gave up and sold 1 back and will scan the other later.

I will not name the shop this is only to create awareness about being careful and not lose money. The laws for refunds of precious metals are against the consumers due to the fluctuations of index prices, and vendors have the laws on their side as they are not obligated to refund when the purchase is done, only if it is fake then it often the vendor that checks it. Most if not the vast majority of shops with honest intentions are victims themselves, as counterfeiting is getting constantly better, but they should do a better job and buy the proper testing equipment.

The problem is that they are among the few that are on the PAMP list of trusted

venders, but they state on their own website that all their products must have a letter and six numbers to be authentic as a minimum. The Special edition gold bar series was old, it was visible looking at the ultra-thin plastic sheath cover, and was sold at a lower premium than normal, it seemed as the best deal ever, numismatic and cheaper looks like a win win situation. The condition made it doubtful is was from PAMP, most likely from a collector with a large surplus of gold bars with a missing letter in the verification id, as they all had two 0 as the first id letter or numbers

But I have really good update about the experience, it is now tested with X-rays and the customer can see it tested and I was offered to bring anything I would like tested for free, that is fantastic service. 

There are a few apps that I am testing, that can test gold and silver coins for smartphones, so far the silver test app is very good, I will review them all later and compare them. 

I will post about positive and negative experiences, how and where to get gold and silver coins tested for purity and precise percentage content of metals found in the test. I write it in English, as this is a problem for everyone living in Copenhagen, and as I purchase from other European countries, feedback from others living in other cities could help everyone if they have information that can be vital before investing a lot of money.

I have expanded the blog to more than gold and silver, I have included the new digital gold and silver, digital currencies like Bitcoin, Bitcoin Gold , Ether, BitcoinCash other currencies are not interesting enough to me to spend more time studying. 

The ICO is IMO the best way to get poor fast, with often a simple concept that is so specific that it borders to stupidity, crazy high bonus for early investors, the white papers are scary to read on how worthless they are, how they have so many various ways to keep the investment, total control, no liability or in countries that are infamous when it comes to legal action,   extremely limited use outside their project.

The vast majority of them are basically a greed scam, a few have interesting ideas, a few out of more than 1200+ ICO soon. For the first time I agree with China that it can destroy the economy, as it is huge amount of money that are scammed, we have already seen an ICO crash with an approximate loss of US$250M, 250'000'000US$, imagine if only half of them don't reach the soft or hard cap, in a few years it could be over 1000 ICO that don't reach the goal, nearly every day a few new ones start up, it's improbable that the majority can be reach the funding, get a hold of a new market that has not been explored yet, get the trust from the users, companies, developers that is vital for its existence, have the functionality promised, the lack of exchange in vast majority of them to any other kind of currency, use outside of the very specific use between those who have invested in them, except for the inventors. 

I could be completely wrong but I don't want to spend any more time on if ICO is a good investment at all, I don't want to and can't waste any more of my time and others as I don't know much about them. 

I will narrow my time researching  news on gold and silver coins that I have spent most time researching as a collector and as a safe investment and the traps to avoid, but I have expanded my time researching Bitcoin, Ether, BitcoinCash, Bitcoin Gold as the digital currencies that I am most interested in. 

Any questions or comments are welcome. 
Best regards Kim H