PeteUK1960

Have just heard back from Atkinsons and the deal is 148 x full sovereigns total 49,040 and 20 x 1/2 oz Britanias total 14,829 grand total 63,869. This equates to 98.5% spot.

Interesting facts US national debt increases by 330,000 per second. A 2% rise in interest rates would mean the total US GDP wouldn`t cover the interest. The gold/silver ratio is the highest in history at 65/1. True ratio historically is 15/1. For every one ounce of gold above ground there are 50 ounces on unallocated paper contracts. Banks all over the world are buying gold at a rate never seen before.

Duly Noted

Question, Is this interesting or should I keep the business to myself? Be blunt I wont cry..

He cant have got this right? Hi Pete, Thank you for your reply. The offer price for the bars is based on 98.5% of spot with the coins being based on the appropriate quantity tier discount that is on each coin’s listing. Kind regards, Ben

The only reason I mentioned it is I`m awaiting a reply from BBP

I believe those and BBP are one and the same?

I think I agree

which is 95% spot and no discount on coins am I right?

Thats 95% spot and no discount on coins am I right?

Spot is 43 dead, what you recon?

Just had a reply from Atkinsons adds up to 61,259 retail. Thank you for your reply. We’ve worked out a transaction for you which is substantially higher than the price shown on our website. We propose the below quantity of coins which will mean no funds changes hands. 20x 2021 1/2oz Gold Britannias 147x 2021 Full Sovereigns 1x 2021 Half Sovereign We’ve tried to give you the best possible deal, please contact us to discuss how you would like to proceed from here on.

Oh god how long before someone suggests a motor pike and side carp

😃 Hundred percent agree,

I`m allways up for a day trip to Blackpool 👍

Love it Roy and yes a fellow man of Leisure, donkeys years involved in that silly F1 debacle and got out while I could still feel it ticking. As I`ve said before I know its a problem most would love to have I just want my grandkids to get a leg up.

For a starting point I`ve asked Atkinsons and BBP and are both interested in trading, I`ve said I want 1/3 in half oz new and 2/3 in new sovereigns. This is for all 3 bars so will be interesting to see what they come back with.

I`ve heard back from both Bullion by post and Atkinsons and both are interested in trading the bars for coins, I`ve told them both I`m looking for 1/3 in half oz new and 2/3 in new sovereigns all British. I`ll let you know what they offer.

I`ve messaged them thanks.

I cant believe how great the folks here are and its honestly a great comfort. You make perfect sense and I fully intend to keep my gold and silver for the long haul. As you have probably gathered I rushed into purchasing without getting correct advice for my needs but I`ve had great solutions suggested. I`m acutely conscious that I have a first world problem to solve and it could be a lot worse, I`m also aware that I`m maybe not in the right place because my focus is fiscal where you guys are dedicated to element 79. However, I`m learning an awful lot. Cheers Pete

Thank you, currently it is in a safety deposit box in a local bank and I can access it 7 days a week. In line with what HawkHybrid said I will sell it at the right point and commit the proceeds to buying sovereigns, however, if theres a significant rise in spot I could consider a straight swap.

I`ve clearly got to resist this urge I have to move too quickly and I intend to follow your advice to the letter. To try and put a degree of sense to my intention of transferring everything to kinesis, they tell you that you can withdraw your physical at any point you choose to the value of the KAU you own at that time so as I saw it you can grow your stack within their system but with the ability to access your capital via their visa debit card in an emergency. In the event that I withdrew in physical would I not have the opportunity to take it in coins?

Great advice very much appreciated, Andrew Maguire predicts a 1480 spot at the back end of this year after Basel 3, if we are lucky and that comes off I`ll trade for coins and should at least break even, as for the silver, it has utility as well as monetary value and at some point there will be a squeeze so I plan to sit on that for longer but ultimately exchange it for coins.

Yes totally agreed, I cocked up by buying the bars as I can only spend them by exchanging them for fiat, I`m not hiding the fact I`m an idiot I`m just trying to figure out the next move.

Yea that sounds like sound advice, I was hoping maybe I could deposit it into my Kenisis account but unfortunately once you have taken posession of your physical the chain of possession is broken and they will no longer take it, seems weird but thats what they told me over the phone. My fear for the imminent fate of Fiat and the inevitability of hyper inflation is freaking me out and being such a newbie I`m worried about doing the wrong thing. I`m contemplating waiting till my gold (and recent 10kg of silver) go into slight profit and selling then transferring everything into Kinesis. What do you think?