RDHC

Premiums on P2P sales are that low it’s not really worth the effort on bullion.  If when I sort through there are some particularly nice ones I might, just to give the forum dibs.

The worse by far is some idiot called Ron from the basement. Why have YouTube not got a filter button where these idiots do not show up on my screen

Are the Naughty Boys' Step comments being transferred to the gold thread these days?

Finland and Sweden only joined after Putin invaded Ukraine, as he had been doing for many years by allocating Russians to live within the Ukraine Donbas region until it had been invaded/conquered via the back door (migration - transitioning the local schools to teach Russian doctrine etc.).
The population of Western Europe is 3x the population of Russia, as is its GDP multiples that of Russian GDP, and that's before adding in the US/others. I suspect Putin would not favour his chances of being a David in a Goliath contest. 90% of the Russian army is already within Ukraine and struggling against comparatively small numbers/resources - Ukraine has been fighting largely with one arm tied behind its back, has caused the Russian navy much damage despite not even having a navy of its own ...etc.

I mean hopefully nothing major will happen but don't underestimate Poland. They are currently the strongest land army in Europe (other than Russia) and they've got historical scores to settle. The Polish population will demand a response if Russia starts killing Polish civilians and destroying Polish assets. Poland always seems to be an important battleground when it comes to World Wars

I don't know about the particular sovereigns you show, but I seem to remember that Lawrence Chard did an analysis of the current £5 matte BU sovereigns about two years ago and found that their more pleasing colour came from a slight addition of silver, not much but it made all the difference.

OK thanks, that makes sense 👍
Yea the ones I showed were not great examples being the 2022 matte BU and proof, but I do not have any modern bullions left in my stack having swopped them all out for other things or sold them off to clear my mortgage last year.

I don't know about the particular sovereigns you show, but I seem to remember that Lawrence Chard did an analysis of the current £5 matte BU sovereigns about two years ago and found that their more pleasing colour came from a slight addition of silver, not much but it made all the difference.

I don't know about the particular sovereigns you show, but I seem to remember that Lawrence Chard did an analysis of the current £5 matte BU sovereigns about two years ago and found that their more pleasing colour came from a slight addition of silver, not much but it made all the difference.

I don't know about the particular sovereigns you show, but I seem to remember that Lawrence Chard did an analysis of the current £5 matte BU sovereigns about two years ago and found that their more pleasing colour came from a slight addition of silver, not much but it made all the difference.

Counts and does math like ol' Jacob Zuma!
 
 

Italian news feed are reporting "No more Raisi, he burn in heli"

Sadly a vote for Liebour is a requirement unless a real option outside the main uniparty candidates presents itself.  The traitors in the so called conservative party all deserve to be booted out.  Treason is worse than petty larceny, and many are guilty of supporting the most egregious policies against the British people and our nation's very fabric.  They care not just about making bank for themselves and their corrupt pals, but for their globalist mates and their corrupt mega social projects too.  Most of their time in office has been spent resisting the will of the British people, and hell will freeze over before they do what the British people actually want.  They survive encamped on the right, solely on the justifiable fears of progressive lefty loons, but there are none in the general population who openly praise them.  It is only the fear of more madness from the left (ironically enacted by the consocialists) which sustains them.
Liebour may openly hate the majority of us, but the consocialists block any true conservatives from ever occupying the right of politics.  They've played that game for a very long time now and it must end if the nation is ever to have a happy future.  They as a party are far worse than the openly progressive commies in Liebour.  They pretend and promise to oppose the progressives before every election, only to steal and enact Liebour's terrible policy ideas.  They are the very reason why some form of mandate to carry out key election manifesto pledges is a must.
A massive landslide which obliterates the consocialist party would be the best thing for the nation in the longer term.  At least the process of forming a new party which is actually conservative could then begin.  The corrupt grifters could be retired, and all of their hangers on would be unemployable in any new party.  It must happen if the nation is to be saved.  I will be choosing to vote for a patriotic candidate if one stands in my constituency, or voting for Labour against the treacherous incumbent who was parachuted in for services rendered.  There is nothing representative about this fake democracy, and sadly the nation has dark days ahead of it while these charlatan conservatives hold the reins.
Any which way the pound is going to take a beating, and gold in £££'s is going to rise come the end of the year.  It's lagging the dollar bounce at the moment, and there's got to be more to come in the latter half of the year when Liebour take control.

Yep. If things are bad now, we should prepare ourselves for the descent into hell which Labour will gift us with.

Indeed. He's been holding meetings with Ursula von der Lying for at least two years, along with His Royal Wokeness, KCIII, about getting the UK back into the EU. I believe that's why we've seen softening tones from Brussels and EU leaders about having moved on from Brexit, now it's time to work together. They are using Russia as a smokescreen but it's about the Supreme Soviet in Brussels dominating the UK and ROI 
I hope you are right mate or we need to prepare for more inflation. It would do great things for gold/silver in GBP but it wouldn't really matter if our profits were eaten by higher bills and transport costs. I don't see how the BoE can even consider cutting before the Fed. They waited for the Fed before hiking so wait before cutting, or better yet, don't cut at all!
That was last night, this morning the odds are 71% of Fed cuts in September
CME FedWatch Tool - CME Group

What's more, Starmer won't be willing/able to contain his screaming leftards on the bench. Voting him is a vote for Angela Rayner and the retun to Trade Unionism, which we know is a 100% failing proposition in this day and age. Hard times ahead.
£1881.28

I've had this problem as well on Britannias, so I sympathise with you, but best left alone, I would suggest.

Why not.
I don’t see why they’d need them after the coins had been struck. 😆

Fascinating. Thank you. And did you hear the throwaway line that gold was then '£12 per fine ounce'? A different world!

Fascinating. Thank you. And did you hear the throwaway line that gold was then '£12 per fine ounce'? A different world!

What is the point of this thread when prices are endlessly posted all of which are way behind the actual price after posting and which are available to everyone who has an interest? I’m frankly pissed off having to scroll down to find a decent post to read when a quick glance at the top left gives the current (supposedly) price. As for Onion Soup…

From the beginning of the monetary tightening cycle the situation has been as the CEOs of major banks understood it to be - for inflation to be truly tamed then rates had to be aggressively hiked. When inflation in the US and UK was edging 9%, the highest level in decades, our central rates should have risen to match - so rates could arguably be 8%+ in the UK and 8% in the US - Jamie Dimon was floating 8% as possibly how high the US needed to go to tame inflation
There is a flip side. Raise rates to 8% during an inflationary period while wage growth is lagging far behind and what you end up with is a spate of delinquencies, people struggling to meet their obligations, having their houses foreclosed, banking crises, recessions, etc. Of course in the modern era repossessing cars or foreclosing houses is racist, heaven forbid we ask people to adhere to the agreements they signed - just cite mental health, colonialism and the patriarchy as valid reasons to break the law. We know that when banks struggle - which they would if there were mass defaults - that the central planners will magic up another few $trillion, which would require further monetary tightening down the line
Ranting now, but the compromise we came up with was "higher for longer". I got moderately dissed for suggesting rates may be hiked again above 5.25% before they were cut. Rate hikes are unpopular with everybody except pension funds and anyone who lives within their means, which is nobody. My current hope/feeling is rates in the UK will stay at 5.25% until summer 2025. I'm reading constantly from the Evening Standard and several other newspapers how the BoE are making such a hash of things and need to cut rates immediately. Those are pay-to-play opinion pieces with zero grounding in economic reality. They want cuts before the elections.
If the BoE cuts before the Fed cuts it would be borderline suicidal for GBP. I hope we maintain rates above the US rate for long enough for GBP to go back to where it should be trading - in the $1.35-1.50 range, not $1.2-1.3
From the POV of gold it's shrugging off any rate pauses or hikes, gold is the cool kid who has no figs left to give. Gold is confident in its value and positioning regardless of what the central manipulators tell the public or do in practice. Gold has been on the march the entire time that rates have been rising and steady at 5.25%. That's incredibly bullish for gold. If gold can make stellar progress during headwinds, when rates flip to become a tailwind then gold is going to sail off over the horizon, exit earth's atmosphere and head to the moon

This has been shared before on the forum but for the newer members and members who haven’t seen this I thought I’d share.
It’s quite interesting to see.
Which makes me wonder, what would your job title be as the person to authenticate each coin.
Ring tester?
Future Numismatist’s Nightmare?
The video will explain all in plain Queen’s English nonetheless.
 

Better question, why do people take PBOC figures at face value?
Edit: having read article it mainly focuses on retail demand which is no doubt high, PBOC are main driver and under reporting imo.

Options/Futures/Swaps. Mostly those are cash settled. I write (sell) a Option to deliver 100 ounces of gold on a particular future date - or many multiples of such contracts. Come that date and the contract expects the seller of 100 ounces of gold to be provided to the buyer. With many such Options/Futures contracts however, oil, pigs bellies, whatever many don't actually want to take delivery, rather they'll accept (or pay) the cash value/difference instead. Investors aren't buying to get a ton of pork delivered to them at home, rather they're buying to hopefully make gains, more money. Similarly sellers/writers create those Options in expectation of making money. One side wins, the other loses, same with any other investment such as stocks. When there are few taking actually delivery of Options, cash settlements instead, so more Options/contracts are created than what actual amount of gold/whatever is actually available. What is commonly considered as being paper-gold, exists on paper only (or nowadays in a computer system/virtual). Basically its a way to leverage, scale up gains (or losses) relative to small changes in prices. The market is more efficient when leverage is being used as even a whisper of a small change can yield a decent profit (loss) that otherwise non-leveraged might incur too much in the way of dealing fees/whatever in order to be viable to arbitrage.
You can generate a form of 'dividend' from gold with Options/Futures as the price includes a element of time-value, reflective of interest that might have been earned/paid over the length of time of the contract. So some investment houses may hold gold and buy (or sell) some Options/Futures rather than just holding gold alone. Or even just buy (or sell) Options and hold no gold. The sellers of contracts often buy those back again just before expiry (delivery date) in order to avoid having to find (buy) gold in order to hand over to the Option contract holder.
The 123 paper-gold to gold ratio is indicative that a lot more gold is being offered for delivery than what gold is actually available. If all of those that opted to buy contracts did so with the intent to take delivery of physical gold, not sell those contracts before the contract expiry date, then there's no way all of those contracts could be honoured.