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Bigmarc

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Reputation Activity

  1. Like
    Bigmarc got a reaction from 17RSB in Gold 2024: How low can it go?   
    I had some time at work today and thought I would do some research. This may help you visualise it a little better. 
    I went back 50 months on the for sale section of the forum. I picked a random bullion sovereign in the middle of each month (one carded and one blister as slim pickings some months). I also filtered it to individual sellers. Also I added 50 special delivery postage cost. Here is the list. 




    So over 50 months a total of £17938 would have been spent, this is a cost average of £358.76 per sovereign and would have 50 sovereigns
    If you belly flopped in 50 months a go you would have 67 sovereigns for the same cost. 
    The beginning of 2021 and 2022 with the same value you would have 54 sovereigns.
    And 2024 you would only have 46 sovereigns with the same value spent. 
    Considering you can't beat the pound cost average price in the last two years I must admit it does look a better option for the long term. Me personally I am not a cost averager as I like to do many things elsewhere. 
     
     
     
     
  2. Like
    Bigmarc got a reaction from katyc in Gold 2024: How low can it go?   
    I had some time at work today and thought I would do some research. This may help you visualise it a little better. 
    I went back 50 months on the for sale section of the forum. I picked a random bullion sovereign in the middle of each month (one carded and one blister as slim pickings some months). I also filtered it to individual sellers. Also I added 50 special delivery postage cost. Here is the list. 




    So over 50 months a total of £17938 would have been spent, this is a cost average of £358.76 per sovereign and would have 50 sovereigns
    If you belly flopped in 50 months a go you would have 67 sovereigns for the same cost. 
    The beginning of 2021 and 2022 with the same value you would have 54 sovereigns.
    And 2024 you would only have 46 sovereigns with the same value spent. 
    Considering you can't beat the pound cost average price in the last two years I must admit it does look a better option for the long term. Me personally I am not a cost averager as I like to do many things elsewhere. 
     
     
     
     
  3. Like
    Bigmarc got a reaction from RDHC in Gold 2024: How low can it go?   
    I had some time at work today and thought I would do some research. This may help you visualise it a little better. 
    I went back 50 months on the for sale section of the forum. I picked a random bullion sovereign in the middle of each month (one carded and one blister as slim pickings some months). I also filtered it to individual sellers. Also I added 50 special delivery postage cost. Here is the list. 




    So over 50 months a total of £17938 would have been spent, this is a cost average of £358.76 per sovereign and would have 50 sovereigns
    If you belly flopped in 50 months a go you would have 67 sovereigns for the same cost. 
    The beginning of 2021 and 2022 with the same value you would have 54 sovereigns.
    And 2024 you would only have 46 sovereigns with the same value spent. 
    Considering you can't beat the pound cost average price in the last two years I must admit it does look a better option for the long term. Me personally I am not a cost averager as I like to do many things elsewhere. 
     
     
     
     
  4. Haha
    Bigmarc got a reaction from Brit2023 in Newbie with some questions   
    Equally don't listen to the endless moon posts.
  5. Haha
    Bigmarc got a reaction from katyc in Gold 2024: How low can it go?   
    Stick to your gut instinct it rarely lets you down. Besides how old is harry if he has been putting £500 a month for 50 years. 
  6. Like
    Bigmarc got a reaction from LemmyMcGregor in Newbie with some questions   
    I tried looking for a couple a few years back and found them relatively hard to come by. Always out of stock so just went for best value instead
  7. Like
    Bigmarc reacted to Kitalon in Gold 2024: How low can it go?   
    Thank you, I think I understand the cost averaging concept a lot better now. Listening to everyone here has definitely changed the way I'm thinking now. But it still doesn't make me want to buy without delay, I want to be more like Harry carefully choose my moments and end up half a million richer than Amanda. 😜
  8. Haha
    Bigmarc got a reaction from SeverinDigsSovereigns in Newbie with some questions   
    Equally don't listen to the endless moon posts.
  9. Like
    Bigmarc got a reaction from Earthmetal in Newbie with some questions   
    Equally don't listen to the endless moon posts.
  10. Like
    Bigmarc got a reaction from Earthmetal in Newbie with some questions   
    Yes tavex is good, bought from them a few times. It's good to ask the question most newbies go to bbp. 
  11. Haha
    Bigmarc got a reaction from Gordy in Newbie with some questions   
    Equally don't listen to the endless moon posts.
  12. Like
    Bigmarc reacted to SilverDrum in Christmas gifts   
    Gifted some silver to my mother and aunt. I actually made these myself, first time making jewellery. Have been meaning to make a post about them and the process. 
    This is a rose leaf pressed in to make an imprint.

    This one is some Thyme. 

  13. Like
    Bigmarc reacted to SovereignBull in Christmas gifts   
    Did any of you gift the joy of gold to anyone this Christmas or were you all Golem like & kept the precious to yourself?
    I gave my eldest son his first piece of gold for Christmas, the 1g Christmas bar from RM
    He has just moved out & I wanted to give him something special. He was over the moon & it felt great to gift it to him.
    Im going to make it a tradition to gift him gold for Christmas & just wish I’d done it when he was born (He would have 25g if I did).
  14. Haha
    Bigmarc got a reaction from JohnA1 in Gold 2024: How low can it go?   
    Can't believe that vid has had half a million views.
  15. Like
    Bigmarc reacted to Roy in Gold 2024: How low can it go?   
    Thank you! 
    I am not alone.
  16. Like
    Bigmarc reacted to SeverinDigsSovereigns in Gold 2024: How low can it go?   
    Not trying to argue against you mate
    Gold and oil are different though. Oil is constantly consumed while gold was used in daily circulation and preserved. The total amount of gold doesn't change. Oil is never a liability for Iran, Russia or Venezuela, socialism is. And Russia is doing well with their oil and gas- it would be much worse for them if they didn't export all that to China and India.
    There really isn't comparison between Spanish Empire and the likes of Iran. The mass import of gold and silver from the Americas drove inflation because there was an over supply of circulating currency. Oil is not a circulating currency, and having too much oil does the opposite of inflation, as in other Gulf countries. Venezuela's failure has everything to do with socialism and nothing to do with oil.
    You spoke of sacrificing all other industries to extract resources. You are absolutely right, because that reduces supply of goods and hence drives up prices, as in my original post. However, if there is a healthy balance between industries, a strong consumption, and OK political atmosphere, fiat will do just as well.
    Also, there is a difference now that gold standard is no more, as gold had become more speculative. Even when gold standard was still in place the purchasing power of gold varied from countries, and international exchange rates were largely arbitrary. It seemed that gold partially played the fiat role of today's paper money (e.g. 20 marks were officially values at 2/3 pounds)
    All that said, it doesn't stop me buying quite as much as I can at the moment. I'm not Wonger and I buy gold as if I'm crazy. I just don't dream of becoming a billionaire from my stack. Some lunatics may be hoping for that (as in a free fall of fiat) but good luck with everything else.
    Edit: I have no doubt in your intentions and my original post was certainly never directed at you. But it does seem to me that there is a degree of Chinese/Russian propaganda in some of the speeches floating around. People can have ulterior motives
  17. Like
    Bigmarc reacted to SeverinDigsSovereigns in Gold 2024: How low can it go?   
    A lot of very wishful thinking on pm forums like this, from people with absolutely zero understanding of economics
    Fiat money worthless, pm all good, but meanwhile pm are all manipulated by the DS (so pm not so good after all)
    Pm keep purchasing power all the time - no they don't. The Spanish Empire went broke by having too much of it, or at least that's one contributing factor of the empire's decline, and they talk about purchasing power of metals without the slightest mention of production of good
    blah blah blah
    The world is more than black and white, goodies and baddies, but even that is too complicated for some
     
  18. Haha
    Bigmarc got a reaction from stefffana in Best silver memes   
  19. Like
    Bigmarc got a reaction from Goldfever20 in Gold 2024: How low can it go?   
    The op started by looking for a entry point, everyone said pound cost average is the best way, it's only fair to point out that many buy big on a dip. People on here already have a position and the op wants a position but not in at the top. 
     
  20. Haha
    Bigmarc got a reaction from Junior in Best silver memes   
  21. Like
    Bigmarc reacted to justadood in Help with silver dollars   
    I ran into some silver peace dollars. First and foremost, I'm not selling or meeting people on here. Won't be scammed. But I'm trying to figure out I guess first, what are they worth, who do I contact to possibly get them valued, any information will be helpful. Here are what some of them look like. 
     

  22. Like
    Bigmarc reacted to Kitalon in Gold 2024: How low can it go?   
    Indeed. I know that I'm already late to the party so need to hedge my bets and cut my losses. But looking at the trends over the past 6 month to a year I can see no reason for things to return to more favourable odds (which has also been some of the advice I've already received). I just want to be prepared to press the button at the right moment.
  23. Like
    Bigmarc reacted to Kitalon in Gold 2024: How low can it go?   
    Thanks for your advice. I'm sadly not in a position to be able to buy monthly due to a rather drastic cut in salary but I do have one significant savings pot which I intend to transfer into more tangible assets and after much research I feel that gold bullion is definitely the way I want to go, and then forget about and not touch the lump sum for at least a decade or two. The difference between between buying now or waiting for a more favourable spot price would be for me several ounces. So it just seems like common sense to me, hence my caution and trepidation. I'm only sorry that you think I'm a monkey for trying to use my head. 🤨
  24. Like
    Bigmarc reacted to Kitalon in Gold 2024: How low can it go?   
    I'm not sure I follow. Surely it's better to wait until gold is cheaper so I can buy more than I could today?
  25. Like
    Bigmarc reacted to HerefordBullyun in Gold Monitoring Thread £ GBP only   
    Hope the gold price goes up for the year of 2024 for all stackers and collectors enjoy the roller coaster. Wishing you all a Happy new year especially to
    @James32 @katyc @Gruff @GoldDiggerDave @stefffana 《my bert 
    @Lyrinn @Darr3nG @Silverlocks @ChrisSilver @ZRPMs  @Charliemouse @MickBand all members of NBS even though I've retired.
    Shout out to mr @LawrenceChard also.
    @BackyardBullion and the other forum sponsors.
    And especially to all the other forum members and contributors who also make it the best metals forum in the world.
    Happy new year and look after yourselves your families health, kindness  mental health, show love and prosperity. Wishing you all the best for 2024
    PS Wen moon
    Best HB 
     
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