BYK

Hi All, 

Wondering if anyone knows if there will be a Tudor beast, collector coin?

Similar to the queens beast collector coin they previously released? 

Also I have seen the full list of what is to be released in the Tudor beast series. But cant find the dates. Any one else know?

10 hours ago, Gordy said:

yep, but to be honest most silver sold has a premium of 20+% above spot at least and we all know how this market works, its about personal choice.

you very rarely get away with VAT on imports, you only get away with it if you bring it in personally and then there is an allowance of around £390.00 per person, anything over that needs declaring

The sender needs to delcare what is in the package but sometimes if they describe it as a medal it can slip through but when buying a few items it will more likely get flagged for VAT

 20% I can live with however I was working out the premium on this Aztec 5 pounds round and I'm paying more in premium than the silver value. 

I was under the impression a lot of these dealers imported without paying vat. 

For example atkinsons and chards are normally cheaper than the Royal mint. 

And even sellers on this forum sell there silver cheaper than those dealers?

Just now, Gordy said:

if you bulk buy you get them cheaper, and the shipping costs work out cheaper per oz if you buy more too... 

I thought you could get away with the vat because its imported. Is it luck of the draw or do customs always know its silver because of the sender ?

I've seen the 5oz advertised on here I might bite the bullet and just buy one. But at £180 incl vat 

It's basically double spot price. 

1 minute ago, Gordy said:

now thats a hard one, I'd say it has collectors value at least..... and you know you can start with a little 1/10th one and work your way up to a full set... I have loads of 1/10ths left 😂

Hahah you tryna up sale lol

I'm interested in the 5oz round. 1/10th will be so small you can't appreciate the artwork. 

Did you import yours ? Or buy from an importer?

39 minutes ago, Gordy said:

Bullion coin made by Golden State Mint, no limits on mintage as far as I'm aware

I know its not a proof. But would you say its a collectible and may go up in value ?

Does anyone know how many :

The Aztec Calendar 5oz Silver Round were minted or made? Or is it a continuing line?

Thanks

One bit of advice I have. 

Accumulate over a long time. 

Meaning spread your buying throughout the year and over multiple years. 

That way if the price drops or rises you won't have bought everything at the right or wrong time. But over time your price per ounce/gram will even out meaning you can sell at lower prices.

Diversify. 

Allocate equal amounts to 

Tracker funds etfs or shares 

Physical gold and silver 

Property

That way you are covered. The first two you can buy with little cash or savings. Property you may have to save longer. So it will take time. However all 3 give you the best strategy to come out on top in the future. 

Plus I think buying physical gold and silver has more of an allure because its cool to say I have "physical gold or silver" compared to I have stocks or Property. So most people don't really care if it doesn't make money. Backing up your point that it just holds wealth. But I also agree with @sixgun if you buy at the right time it can generate a nice profit. But minus the storage fees and factor in how much you have (economies of scale) and your probably just breaking even. 

Confirmation bias and all that I suppose to some degree.

21 minutes ago, HerefordBullyun said:

Nigeria ironically following suit with El Slavador on the crypto front!

I wonder how many emails I will get to say that I have inherited 18989133091803928 BTC from a long lost relative who won the lottery!

Make sure you reply. I'll be the one sending it! LOL

4 hours ago, sixgun said:

@HawkHybrid Indeed there is a lot, lot more to the end of that story.

i hear that Macron this week is noted to '...Urges G-7 To Sell Gold Reserves To Fund Bailout For Africa'
Why doesn't he get the ECB to create a few €billion for the alleged bailout rather than selling gold?
Surely he isn't interfering in price discovery. He should have a chat with One Eyed Gordon with a brown bottom about dumping gold on the market and how it doesn't work unless the intention is to bail out criminal banks like Goldman Sachs.

i read that a famous billionaire 'trader' was reported this week that Markets participants will continue to ignore risks “until the Fed stops canceling market signals,” hedge fund pioneer Stanley Druckenmiller wrote Thursday.

What is Stan the Man saying here? Surely he isn't inferring that the powers that should not be are interfering with price discovery. That there is no price discovery. We remember Richard Nixon took the USD off the gold standard and shortly after the COMEX paper casino was started. Wikileaks disclosed documents that proved the intention was to keep Americans from hording gold. Feed the masses with paper promises. Paper is cheap.

Bill and Ben don't make the rules, that is left to the so called authorities who act on the instructions of the likes of the BoE, the Fed and above all the ESF. This is not a free market - it is a rigged system. 

 

Interesting about the wiki leaks. Do you have a link to the wiki leaks page which confirms what you are saying? 

I know in retrospect that, as you said. They didn't want citizens to hoarde gold. 

33 minutes ago, SidS said:

In a word, no.

First, I don't think silver is going to hit the moon.

I bought into the hype back when silver was $5/oz, the fiat crash was coming, just around the corner in fact, the dollar was going to go down and burn.

Well it didn't. Did it lose purchasing power? Yes it did.

Has it been highly inflated since the early 2000s? Yes, for sure.

Has silver gone to the moon? Well that depends how high the moon is, $20? $30? or $40? 

What I did see was a healthy profit on those 50 or so oz of silver I'd accumulated at $5. So was it a bad move? No it certainly wasn't, it was quite lucrative in fact and I'm still in profit on all of those holdings.

The biggest problem for silver is that the financial system is heavily rigged against it. They will always find a way to knock the price down. Should silver be worth more? Yes probably.

So Basel III arrives, it won't make much difference they'll just restructure how they do the price knockdown. If the market is so lucrative for the big banks they'll find a way around the rules, they have lots of lawyers etc. All good for finding legal loopholes.

The whole banking crisis of 2008 was supposed to have brought in reforms and tightened up credit and brought about responsible lending. To be honest, people have short memories and I don't think much has changed, if anything it's same old, same old. The lure of a quick buck being simply too strong to resist, they'll just have rebranded and reworked how they run the same old schemes.

Am I a cynic? Yes totally.

So what if silver does head to $100, $1000 an oz? Well if that happens then there is a wider currency crisis at hand and that will result in one of two things: a revaluation - a la Turkey, where they knock a few zeros off the currency. So your $1000 oz of silver, suddenly becomes worth 10 new dollars. Or they will switch to a digital currency where your £1000 oz of silver becomes worth 15 Britcoins.

If silver does make $1000 per oz, then I ask you what will the price of bread be, $750 a loaf?

A rapidly rising silver price won't equal life changing profits in a currency collapse, it will hopefully simply sustain your current net worth until recalibrated into a new currency format. Or at best give you a tidy profit, like my $5 oz purchase going up to $20/$30. Can't exactly retire on it though can I?

I suspect the price this decade will mostly fluctuate between $15-$35 oz. We might break ground at $50 an oz by the late 2030s, based on the steady erosion of inflation.

If a pandemic and worldwide lockdown can't send silver heavily skyward, nor conflicts throughout the 2000s, 9/11 or the banking crisis of 2008, then I struggle to forsee what could send it to the moon and make it stay there.

Maybe we'll hit $100 by the end of the century? 2100 here's looking at you...

Beautifully written. I presume many who read this, were quietly thinking the same.

Ok so the consensus is that silver will not rise. 

Now let's transition this topic into.

Will the price of palladium and or platinum rise ?

7 hours ago, GoldDiggerDave said:

Am I just talking solely about gold bullion? No for example I bought a 5oz gold proof completer and they also sold a 10oz gold proof completer out of the back door, same for the 1kg silver proof, hay presto! A 2kg silver proof turns up on  LPM. 
 

once we all pile into the 1oz gold completer it would not require too much imagination from them to knock out more as they know were are all suckers and will keep on buying them. 

What's LPM? 

Also I heard they were releasing a 2oz silver and maybe a 10 oz too? 

Do you know anything about these?

Hi, 

So it is hard to get away from all the noise around speculation that silver will hit the moon. Every Youtube video, guru or investment company are shouting from the roof tops, that now is the time to invest in Silver. 

I have always bought pieces of silver that I like. I have never bought in expectation that silver will make me rich. Or that it will suddenly explode x200 in price. 

My analysis is thus:

1. All the people who say silver prices will increase, have bought lots of silver and therefore have the most to gain. The likes of Robert Kiyasaki, who openly admits to having hundreds of thousands of silver ounces. He is a great example of someone who uses his position to promote silver buying. Because he can easily sell now when the price is high and buy back later when the price collapses. As I think it will!

2. Their is supply issue pushing the price up, which some are saying will continue. I do accept that supply is being manipulated but I also don't understand why. As the suppliers could make more money but opening supplies. 

3. Some say it has been under valued, but silvers last bull run was at $50 an ounce and that was a considerable time ago. And the history does not show that Silver will hit the moon. 

4. The paper ETF silver market. Most of the paper ETF for silver is not backed by physical supply. How ever most ETF do not need to exchange for real silver, it can just settle in kind (stocks/shares) or in real money. 

I should have attached that "MEME" where the guys sat at the table with that sign saying "Silver wont hit the moon, change my mind" If anyone wants to make one I would love to see it!

Looking for peoples opinions. 

Good luck in your stacking endeavours. All the best!

BYK

3 hours ago, SilverStorm said:

I'm debating whether or not I should pick up a QB Completer, I noticed it's available for purchase at a Canadian online bullion dealer.   It would mean I would have to postpone my GML collection.   Decisions, decisions!

Edit: nevermind, it's sold out. 😑

 

Happened to me too once. Bullion by post had some and I took to long to decide. Now as soon as it comes up I just snap 1 at least. 

16 minutes ago, Midasfrog said:

Atkinsons have them back in stock this afternoon 👍

@BYK

@Slam

@GoldDiggerDave

Yes they just rang me a short while ago!  

55 minutes ago, Midasfrog said:

I think it was only struck for a very short period of time the Royal Mint have said in an email reply to me that if it says on their website "No longer available " then it is no longer being struck . Maybe they have a good stock level to supply dealers ? 

The premiums will rise depending on supply and demand 👍 Currently its in very high demand and the supply is very limited.

 

Ok cool. Thanks for the reply and explanation. 

I wish I had bought more than one now:( 

8 hours ago, MJCOIN said:

Sorry, I don't know.  Have they quoted a mintage figure?  

Hi

I couldn't find it. But following on from your chat above, when you mentioned the premiums going up. I naturally assumed there would be, or how else would the premium rise?

53 minutes ago, MJCOIN said:

No - I collected mine in person from Atkinsons last week and they told me they had some coming in this month.

Oh ok. Are the RM slowly starting to make more then? Or will they stop at the stated mintage levels they quoted?

1 hour ago, MJCOIN said:

Glad I picked up a couple in that case!

Me too. Sold out in a few hours. Should have bought more than 1  

Do you guys think the ones Atkinsons had today were previous stock that they slowly released? Or do you think the Mint are slowly producing more ? 

Interested to know why you think these will fetch a premium soon!

@MJCOIN @GoldDiggerDave @Midasfrog