Spark268

Wrestlemania?

Ahh I see now. Think I've seen a few different sources say you need around 1000 ounces to live comfortably through a hyperinflation scenario. Hope we can all achieve that, or whatever that would be in gold if you ain't got the room for silver. 

Great to see, but that’s an eBay replica. @GoldDiggerDave has the original sat on his mantelpiece.

£120 back then would be worth about £19,500 today.
Modern equivalent of nearly £28/oz.

Kilo bars currently at dealers; £870+ for preowned and £920+ for new
(Meanwhile you probably can't shift one for £700 on here 😆)
Actually, what's the going rate atm on TSF? Not seen many going.

I've decided to part ways with my beloved Vito... It's a 64 plate (end Dec 2014 registration), 33,500 on the clock and in immaculate condition... will be putting it up for sale in all the usual places, but thought I'd also post it here it case someone was looking for such a thing.
These are rare to find in the LWB model and even rarer to find with such low mileage, I've found a small selection with 100K+ on the clock selling for £20K+, so I'm looking (and open to offers) for around the £23K mark.
If you need more info or have questions, shoot me a PM, I'm London based, and you're more than welcome to come and have a look if you'd like 😃
Cheers
TA

When I visit Costco in Wembley I have a look at their sovereign prices and take a photo. Just been through my phone to see the prices since last February so I thought I'd list them here. I've added the rough spot price for the day of images taken. Didn't want to add all images, only the latest one.
My IT skills aren't that great, apologies for that, so i've taken a shot of the prices on my work screen.

Is this the twilight zone

RM Pricing/Cover from 2nd April - The Small Print
Although most TSF members will be aware of the forthcoming RM price rises, other than the 6-7% in standard prices there has been precious little news/comment on RMSD and none that I have seen regarding "Signed" compensation. After thoroughly reading the latest price booklet from my local PO...
RMSD prices are rising by an average 70% Compensation for "Signed" has been reduced from £50 to £20 Claims for loss/non-delivery of, for example, 1oz silver coins have previously been honoured by Royal Mail - cheerio to that. This is printed below the "UK Signed" title on page 6 - no bold type, underlining etc. Small print only. Free cover on International Postage remains unchanged at £50.
I'm sure that the huge hike in RMSD is, at least partially, down to the RM's continuing failure to meet its Next Day by 1pm guarantee - and subsequently being obliged to refund postage to anybody who can be arsed to claim.

ahh the bain of textual conversation, and mis understandings thereof. I have taken some flak earlier on in this thread and that made me overly defensive. I'm sorry for this and thank you for perservering
You are right in that the price needs to compensate buyers for the hit that they take on VAT, otherwise they lose money.  Recently, since 2020 atleast, there has been a difference between the quoted silver price (currently at £19.91) and the sales price on here £22-23, or on other secondary venues, known as a premium.  Dealers have this premium plus VAT on top, meaning that places like BBP are charging up to £29.
I think this premium is more as a result of supply and demand, rather than a compensation for any VAT paid. If supply continues to outstrip demand, then that premium could disappear also.
 

No sir, you took a small spelling error as a criticism which was never meant. I meant to write “ very confused BY this answer” but I had a small child climbing on me at the time and I missed the ‘by’.  
very easy to do , and my fault. I was genuinely interested. 
 
Over text misunderstandings are easy, I’ve done it myself  .. but on TSF at least .. usually exactly that . Misunderstanding and genuine interest. 
Let that be the end of it sir  
 

I did miss that and i apologise. You started that post critisising mine and lost me there.
I'm going to move on, if you don't mind. 
 
 
 

if you wanted to ask for a clarification, you should have just asked for one.  Things like please and thank you are optional, but go a long way, both in the the UK and Australia. You did not do any of this.
Given all my posts confuse you, i am flogging a dead horse anyway.
 
 
 
 

so if some one sells silver at spot -5% + 20 % vat = spot +15% then its VAT fraud and of questionable origin - as per fenlander and honestmoneys arguements ... but someone selling gold at spot - 5% + 0 % vat = spot - 5% , is all okay, dealers do it and krugs are common? It doesn't matter if the latter is covered in blood.
 
I'm still boggled that someone attempting to sell a monster box of silver in one go is complaining about volumes!
 
 

this topic is nonsense - the guy wanting to sell a monster box of silver is complaining about volume??

a market is a market imho - if there is a large amount of supply then that is going to push prices down.
on tsf - gold krugs and sovereigns have been available for spot or below - do you also view these as questionable origin?
What nonsense  - someone has even managed to bring immigration into the fray.
This just sounds like sour grapes to me.
 
 
 
 

I wrote my original post quoting yours, using language a 12 year would understand.
if this confuses you, i can only apologise.
 

there is no law, natural or otherwise that says you should do this. The only way this is possible is that the market premiums have been sufficient larger than 20% for some time, but this is not guarunteed.
you only get back spot when selling to the dealers.
The VAT sucks, but the expectation is that over time, any price rises should cover this.
 

a market is a market imho - if there is a large amount of supply then that is going to push prices down.
on tsf - gold krugs and sovereigns have been available for spot or below - do you also view these as questionable origin?
What nonsense  - someone has even managed to bring immigration into the fray.
This just sounds like sour grapes to me.
 
 
 
 

That is the same with most gold miners on the AIM market, most are there to hoodwink shareholders and are lifestyle companies for directors. Very few ever make real money and it would be cheaper to open a WEBUYGOLD website and refine the gold from that.

a "reasonable" debate where somehow mass migration from the indian subcontient has been implicated.

I have got a cracking solution to this wonderful thread.
how about two trading sub forums? Like the graded versus ungraded we have now.
Free Market Trades
Trades more or less as it is now. Prices rise and fall based on free market supply and demand.
Price-Controlled Forum
This is where prices are limited to spot + 40 %, it is acheived to limiting quantities to 10 oz per month maximum, with one exception for the chap who wants to offload the monster box.
The ability to trade is based on your nationality, ethnic origin and where you went on holiday in the rolling 12 month period, based on the stereotypes associated with that specific region. These stereotypes will be determined based on an annual forum poll.
 
there - everyone should be happy !

VAT Fraud is illegal, and must not be condoned, as with all illegal activity.
That aside, the market for silver is quite poor at the momemnt and clearly this is impacting emotions. In recent years the large premiums far exceeded 20% on the secondary market.
Now that it is not, and in some cases turning to a discount to spot, doesn't mean that we should go round making false allegations and insinuations.  As far as I understand it, people are still able to sell way above spot on here - even though there are many anecdotes about people selling even slabbed eagles below spot. It might be that the prices on the forum have to fall further, not necessirly due to the actions of one or two sellers, but because of the reaities of the market in the real world.
And I'm still struggling to understand what mass migration has to do with any of this.
 
 

a "reasonable" debate where somehow mass migration from the indian subcontient has been implicated.

a "reasonable" debate where somehow mass migration from the indian subcontient has been implicated.