ZigZag

FINALLY got my hands on the final piece to my Ghana Kwame Nkrumah coin collection. This 1965 gold £2 OAU Summit coin in its original case popped up on eBay last week. I have one graded top pop but only seen 1 other example in its original case online which was sold in an auction years ago. I suspect a lot of these have been melted down so this is a great find. Doubt anyone in the world has all of these in one collection so something to be proud of. @DuncanWylieWilson it took a while but I’ve finally made it to the promised land! 😂

Can't actually see anything wrong with this coin, I'd be interested to know why it deserved a 68, feel bad to break it out but got it for a good price 👍 

Hi guys, I've been a bit quiet recently, but have been logging on and following the gold monitoring thread trying to keep up, not that I understand  much of it, but love the banter.
Took a nervous punt on three halves at the end of March at 1770, and then held my breath and pulled the trigger on three more at 1860 last week. Was excited yesterday, but still ok, even with the drop. 
Regards all

It might not be Christmas but it's still a selection box woo hoo!
We have a delectable choice of two silver ounce Charlies, a pretty little half sovereign to add some sparkle, and an individually wrapped one gram bar of golden pleasure. And why not, It might only be a gram but it's still a gram. And what do grams make? Yup, ounces. Besides, state of gold at the moment I can't afford anything else lo-lol. Happy gold and silver day - yayyyyyy!!!!

Bought pre dip and mid dip demolition.

Very nice Coronation Sov to add to my tiny stack. Thanks very much to @Auronum. 
Will wait for the mythical dip before the next one. 

Buy in the dip😮🤔early delivery 😁

A few back from grading.

Big thanks to @9x883 for the 50p
@kneehow2018 for the baby krugs 
@bigben for the baby brit
 

A cheeky half for the weekend.

Received today from @JamesH
I am finding because the premiums are literally zero on most coins atm and hugely shrunk on the rest, I can still buy shields at a very similar price I was paying in January
 

It’s only 1oz but that will do for now 😊
 
 

Thanks to @Brit2023 a nice pair of small Britannias. I think you should be able to see them without a magnifying glass😮🤔🤔

1/4 Brit from @James32 and an 1845 Sov from @SamThomasldn Thanks guys 👍🏻

Arrived yesterday from @modofantasma One of my all-time favourite coins. Gold 1oz Lion of England. Cheers.

So sorry if this isn't the right place to list this item, but have no clue where else to, so please let me know.
I bought this brand new from this forum, with the intention of testing everything I bought, I tested what I have (once) and it works a treat (and none of you ripped me off 👀🤣) but a change in circumstances forces sale 😔.
It has everything from new, used once, British plug.
Seems like they go for £1,200 on eBay so can we go £1100 900? which includes RMSD to your door, ready to go.
I could include photos but it is literally brand new what you would get from https://www.sigmametalytics.com/product-page/pmv-original-basic-set
I would like to add, to the person I bought this from, who seems to get them from the states for us all here (which is great), I never intended to re-sell and it has been over a year since purchase, I just didn't want it to seem like I am buying to sell on, this is a genuine reason for sale, not sure it was necessary to explain but just for transparency.
Great machine which seems like a necessity to me if you buy precious metals from different sources.
Cheers guys 👍

WARNING: TL:DR
Is the current gold rush sustainable?
A better question:
Are the sovereign debts of the US, EU, UK and China sustainable?
Gold is essentially the inverse of debt - when debt accelerates, gold goes up
We talk a lot about China buying gold but don't spend a lot of time fully investigating why. Is it BRICS? Is it a communist master plan of de-dollarisation? 
No, the CCP and Chinese financial system are doing it out of necessity, same as the rest of us. China has printed more money than the western world combined. The Chinese are in a desperate scramble to swap their currency for something a bit more, you know, valuable, like oil (Saudis) and gold
The local and regional banks in the Chinese system have been instructed to stack physical gold as a hedge against their property market and manufacturing sector. That's why there's a premium on physical gold in China - they don't just want it for political purposes, they need that gold for their survival
Despite the insanity going on in the USA with a POTUS more interested in pronouns than profits, it will be China's currency that goes to the wall first. When you hear commentators talk about de-dollarisation and the end of American hegemony, don't forget the studies show the USD will be the LAST currency to fail. The USD might not survive a great deal longer than other currencies but the Euro, Yen, GBP and RMB will collapse before the USD collapses. 
The concept of de-dollarisation is global, global financial collapse. Peter Schiff talks a lot about the collapse of the US but fails to provide a credible successor, other than the usual talk of currency revaluation vs metals (making gold and silver stupendously valuable like buying a mansion for a tube of silver Britannias)
Many have posted here before that the ATH for gold when adjusted for inflation is well north of $3,000. We can hit $3,000/oz without breaking sweat. 
If we use shadowstats or alternative metrics we can say the inflation-adjusted ATH is actually >$5,400:
https://www.bullionvault.com/gold-news/gold_price_inflation_010620119
We can go well beyond that with debt creation and inflation, with market expectations for debt to accelerate when the central banks cut rates. The debt burden is unsustainable. The only tool available to service that debt is to erode the real terms burden with inflation -> pump gold. It's not just sovereign debt but the robustness of corporate debt in general is starting to worry people. The commercial real estate debt component is a ticking time bomb
Rate cuts will be global. Nobody will cut before the Fed cuts unless they specifically want to encourage inflation (like Japan) or have an economic crisis, but once our global overlord flicks the switch, everybody else will likely follow. 
There is an argument for the BoE not cutting, allowing GBP to appreciate and using that as a tool to battle inflation. The penalty for that might be domestic recession and financial burden on mortgagees and borrowers, including the government itself. We'd also be living in cloud cuckoo land, identifying as a nation that can service its debts without inflation. The ugly truth is that inflation is essential to all sovereign governments due to the chronic corruption and mismanagement of previous regimes over several decades. 
If gold kept up its recent price action (adding 8%/month) for a full year then gold would be close to that $5400 inflation-adjusted ATH
Will gold keep up this pace? Theoretically it can but it would require some sort of additional catalyst IMHO
I have no doubt gold will continue to go up and the price is justified, my worry is does everybody else know this? How much of the recent price action is speculative and can be reversed vs sticky long term physical stacking?
If gold is the ultimate security, a stable store of real wealth, it's hard to justify rapid appreciations without expecting some sort of reversal. If a rapid appreciation (2.5x current price minimum) is justified then it tells us that the global financial system is close to the end times. That has all sorts of ramifications with the most likely one being a repeat of the 1930s (Great Depression - WWII)
We will get a better indicator this summer. The current price action while fun isn't of great importance. If gold continues to go up this summer then either we go to the moon when the central banks cut or it's been a paper scam, buy the rumour sell the news. A more gradual appreciation of metals is preferable to manic price action that causes global instability. High volatility does not favour us, it favours traders and the super wealthy (volatility = profit)
Gold might temporarily make you a king (Rafi Farber-style) but gold is not for getting wealthy, it is for preserving wealth

Sigma Metalytics Precious Metal Verifiers. Original £1050, Mini Pro £1700, Investor £1800, Pro £2300 + £695 External bridge. All units come with 3 Wands, brand new in the UK + 2 year UK warranty. Added information check out Backyard bullion on YouTube and Chards webpage. https://www.sigmametalytics.com/pmv-videos-improved . Distributor verification https://www.sigmametalytics.com/buy-from-distributor . Thanks Nick (www.trustimetrix.com)

Hi Folks 
16 Bullion sovs for sale within UK
All Sigma tested 
 
11 remaining (Sat 7am)
Free post on 5 or more
£8 on 1 £11 on 2
£18 on 3-4 due to Royal mail's new prices.


 

Young Head Elizabeth Gillick Sovereigns:
1 x 1957 6 x 1958 7 5 x 1963 4 2 x 1966 1 x 1967 5 x 1968  
Decimal Head Elizabeth Sovereigns:
3 x 1974  
All are in decent bullion condition, so expect a few marks, scratches and dings.
 
Prices (including RMSD):
1 coin: £445 £440 2 coins: £885 £880 3 coins: £1320 £1310 4 coins: £1750 £1740 5 coins: £2185 £2170 Number Price Per Sov Total (inc. SD) 1 £450.00 £450.00 2 £450.00 £900.00 3 £450.00 £1,350.00 4 £450.00 £1,800.00 5 £445.00 £2,225.00 6 £445.00 £2,670.00 7 £445.00 £3,115.00 8 £445.00 £3,560.00  
Payment by Bank Transfer or PayPal (f&f)
 

I can't wait till late August and November to add more at my collection...
 

Howdy all!
Been getting a few private messages about this so thought I would just make a quick post about schedules for 2024 releases. 
Normally we would have the 1 oz bars ready by about this time of year - and to be fair they are all manufactured but I am going to be releasing them in June. 
The reason for this is I am shifting how I work. 
I am trying to get ALL production for our annual products done in the first half of this year. This allows me more time to focus on the delivery of the projects when they are done. 
Shipping out all the bars to customers takes a lot of time and it often is all consuming. 
So, for now I am working away creating all the forum products for 2024 based on the following scheule:
Silver Forum Products
1 oz forum bars (250 mintage): Release June
100g forum bars (175 mintage): Release Late August
1oz, 3oz and 5oz forum rounds (50, 75 & 25 mintages): Release November
BYB annual products
1 oz BYB bars (100 mintage): Release June
100g BYB Bars (25 mintage): Release Late August
Interested in getting some of our products?
Just comment on this thread, or watch out for my future posts on the subject!

Thanks again @Auronum

10oz Silver QB Black Bull   I sold my previous example of the 10oz Bull last year when I was offered a truly exceptional price by a feebay buyer. Duly forgot to replace it until I noticed a superb offer from @Malthus101 at the weekend and I was delighted to receive this superb replacement.

Big thanks to @Heirlooms for today's duo.