modofantasma

On 22/07/2022 at 18:18, Scootermuppet said:

Oh no...😯 I shall check my 50p's out and double check... mind you they haven't been in that long TBF

I have seen a few people say the same about those foam inserts. I would get them into normal plastic capsules without the foam if it were me 

6 hours ago, Foster88 said:

Something that I can’t quite understand is the dismissal for 1/2 oz gold coins

Worst of both worlds I think.

Generally the premiums aren't better than sovs and aren't as good as 1 Oz so there's less people buying them and therefore less selling them and it becomes self fulfilling. 

I've owned one or two when they've been remarkable deals but I'd rather just buy multiple sovs or 1 Oz coins 

5 minutes ago, LawrenceChard said:

then why is she standiing in front of a load of silver bars?

Probably like how I end up with a pack of Mars bars when I get to the til with a big shop.

They have them just sat there to get the impulse purchasers.... Go on then throw em in. 

Similar to what? 🧐

Only just seen this 😐 Thanks for the heads up 👍🏼

21 hours ago, LawrenceChard said:

denomination of two thousand pounds

🤔 £1000 per kg Vs £500 per kg on the silver kilo they used with the completer. Interesting ratio?

Sounds a bit complicated for me. I have it written down, carefully encrypted in my illegible handwriting 🤣

Great progress that mate 👍🏼

1 minute ago, Scootermuppet said:

SUMIF

Sumif £5k/Oz 🤣🤔

5 hours ago, LawrenceChard said:

 

 

Our impression of a likely 2024 gold sovereign:

Of course, the actual design might be different.

No link yet, give us time!

 

What about when we hit the next millennium? Will it be a special design for year 3000? 🤔

12 minutes ago, Scootermuppet said:

Finally had to join the Box Club

Smart move 👍🏼

6 minutes ago, Piperscoins said:

I was going to buy from Tavex only to be stopped at the postage step.  There does not seem to be a special dleivery option only tracked.  Has anyone been sent items tracked and had problems or is there a way to alter delivery to special delivery. 

Delivery has been fine. If you ask on their website chat pop up they usually answer anything rapidly. I imagine they have a 3rd party insurance for their items but asking will give you exact answer 👍🏼

£87.2 billion in interest forecast for the current year. I heard the gov debt is £2.4 trillion in the latest figures 

Getting in there early 🧐

Didn't have any success buying them all for £0.01 though

https://britanniacoincompany.com/buy-coins/gold-coins/2023-gold-sovereign/

12 minutes ago, LawrenceChard said:

No, that's never a safe assumption. Prices can and do move in both directions. Sometimes at the same time, if you are tracking them in different currencies!

😎

Up down or sideways 

46 minutes ago, James32 said:

Did George have Jamaican ancestry 

Looks like he's been on the streets for a few weeks before the portrait

6 minutes ago, GoldDiggerDave said:

@modofantasma you know me mate I whinge about inflation all day🤣 we are definitely seeing the wealth divide becoming a chasm.  Fewer with loads more money while the masses are being skinned alive……1/8 or 1/16 sovereigns next? 

Will move over to the inflation topic 👍🏼

6 minutes ago, Gruff said:

I'm glad you can afford kilo gold bars. That'll be me selling a kidney on the black market to afford them 😀

Don't think I'll be buying them kilos by the tube just yet but £140 a tenth Oz... Fuel for a week at the moment? A weekly shop? 

18 hours ago, FFposh said:

As @Mtaybar eluded to, if gold rises much more, and given the current financial crisis with the cost of living going through the roof, a large percentage of people who might once have looked at buying one ounce coins may well find themselves priced out and have to look at the smaller denominations just to stay in the game

Maybe worth a separate thread but the "rich" are getting richer too maybe kilo bars are the way to go?

Will we see times where it isn't worth selling a tenth or a quarter Oz because you can't buy anything with £200 or £300 🤔 I mean can barely feed myself and fill the car up for a week on that as it is now 😂

Appreciate its the GBP thread so off current exchange rate that would be £1304 but could be in the £1200s if the dollar loses some strength Vs the pound.

8 hours ago, Mtaybar said:

Next stop sub £1400 🤞🤞

Seems like there's a level $1563ish if the buyers don't find some momentum soon

Average in gradually over time and no worries 😎

Just now, Bumble said:

gold

Move along, nothing to see here 🤔🤔🤔

9 minutes ago, AaaGee said:

As per title. A few months ago a friend of mine told me that he had started buying 1oz silver Britannia coins as an investment.

So shortly after i decided to do the same.A mid 40s average bloke with average earnings.

So far i have 30oz of brits, all 2021 & 2022.

2x 1/4oz gold, 1x 1/10 brit and a couple of 1g bars. 

The plan is to keep buying in small amounts for the next 15 to 20 odd years to help towards our retirement.

To be honest, i cant afford to buy big due to lifes expenses. Little and often works for me.

All purchased from Bullion By Post. Purely because what turns up is what ive paid for. Ive been browsing on here for a little while now and seen other vendors you use who maybe cheaper but still unsure who to trust.

Also im struggling with variety.  I dont want to buy any fakes which is keeping me down the brit path. But looking on the pictures only thread on here i see some of you really go to town on weights and variety. How do you know youve bought legitimately?

I haven't really got a set amount i buy a month. More a case of buying whilst i can and not when i cant.

Are these rarer 1oz coins with pandas and other animals etc that are more than the price for weight worth buying as an investment? 

I do like the idea of at some point buying a 500g or kilo bar of silver but with the price they cost wouldn't it be better to put that sum of money into gold?

See, total beginner lol.

As a small time collector, is it better to buy 4x 1/4s than 1ozs in gold as will be easier to sell in the future? Although the initial outlay is slightly more.

As i sead, im investing for the future just to add to the retirement pot if and when it happens.

Wont be selling any whatever the prices do untill then unless i have a real personal financial crisis.

It seems like a bullet proof plan to me but ive had many of those before.

 

Although youve probably read threads like this a million times before is like your opinions on what ive written as ive gone into this pretty blind. Only clinging onto the fact that in selling in 15 to 20 years i shouldn't loose.

 

Thanks 

AaaGee

You'll have a far easier time selling Sovs and Brits than larger gold bars, the smaller pieces eg 1g and 10th oz do come with pretty high premiums which I'd avoid if possible and just keep buying the best value sovs/ half sovs/ quarter oz brits/ 1 oz brits from which ever dealer is cheapest.

Once you've got a feel for the coins that you know to be genuine you could get a bit more adventurous on the 2nd hand market (for example reputable sellers on here) but I'd rather pay a few quid more on a sov than risk buying from a new seller. 

The variety you see is more the hobby/ collector side of people coming through, if selling to a dealer you'll probably get very very similar prices for a 1 oz brit/ panda/ dragon/ etc despite paying varying prices to acquire them. The odd coins do end up commanding a higher premium if you can afford to take the time on the 2nd hand market when the time comes.