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BYK

Member
  • Posts

    61
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  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    BYK reacted to westminstrel in Tudor Beast Bullion Bull of Clarence Available. Thoughts..?   
    It doesn’t make sense, but almost everything costs more to buy direct from the Royal Mint than from dealers. 
  2. Thanks
    BYK reacted to Gordy in The Aztec Calendar 5oz Silver Round - How many minted   
    Bullion coin made by Golden State Mint, no limits on mintage as far as I'm aware
  3. Like
    BYK got a reaction from GoldDiggerDave in Queens Beasts Completer 1oz gold bullion are they in stock anywhere ?   
    What's LPM? 
    Also I heard they were releasing a 2oz silver and maybe a 10 oz too? 
    Do you know anything about these?
  4. Like
    BYK reacted to BackyardBullion in Spot price, link to dealer prices and spot price apps.   
    Most dealers will have their prices linked live to spot price and often when "checking out" via their shop pages you get a window of a few minutes before a live price is updated. 
    As to checking spot price, I have just gotten into the habit of having Bullion By Post as one of my home tabs on my browser, so I just have that open every now and again to check on live prices. 
  5. Like
    BYK got a reaction from DennySilver in New to Silver   
    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.
     
  6. Haha
    BYK got a reaction from modofantasma in Has Gold Only Remained Flat in Purchasing Power Over The Past 40 Years ?   
    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.
  7. Like
    BYK got a reaction from pricha in Has Gold Only Remained Flat in Purchasing Power Over The Past 40 Years ?   
    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.
  8. Like
    BYK reacted to Pete in Has Gold Only Remained Flat in Purchasing Power Over The Past 40 Years ?   
    I was reading some recent threads from fellow forum members considering trickle buying PMs for their kids future inheritance, so I started to wonder if this is such a good idea or not.
    Looking at the spot price of gold in early 1980 it was around £300 per ounce and remained flat for the next 25 years.
    Same story in late 2011 with no upside for the next 8 years.
    HOWEVER
    Going back to early 1980 when gold was £300 and came out of your salary I entered this value into the Bank of England Inflation Calculator.
    The number that popped out for 2020 was £1,316 for parity so inflation created a multiple of over 400%.
    Now check this against the current price of gold at £1,280 and what can you deduce ???
    Maybe buying / cost averaging over long periods of time all you are doing is preserving wealth and not necessarily growing wealth.
    Had you bought a property, then over the same period, you would most likely have doubled your wealth ( or much more in many parts of the UK ) in real terms.
    Of course if you kept your money in the bank it would be worth only a quarter today in spending power.
    So all that glitters is not gold !!
     
     
  9. Haha
    BYK got a reaction from GoldenGriffin in Who actually thinks the price of silver will rise?   
    Make sure you reply. I'll be the one sending it! LOL
  10. Haha
    BYK got a reaction from HerefordBullyun in Who actually thinks the price of silver will rise?   
    Make sure you reply. I'll be the one sending it! LOL
  11. Like
    BYK reacted to HerefordBullyun in Who actually thinks the price of silver will rise?   
    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!
  12. Like
    BYK reacted to sixgun in Who actually thinks the price of silver will rise?   
    https://www.tfmetalsreport.com/blog/8075/42-years-fractional-reserve-alchemy
  13. Like
    BYK reacted to EdwardTeach in Who actually thinks the price of silver will rise?   
    Mike Maloney - Platinum & Palladium vs Gold & Silver
    https://www.youtube.com/watch?v=AJy1bfuZByM
  14. Like
    BYK got a reaction from stefffana in Who actually thinks the price of silver will rise?   
    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 ?
  15. Like
    BYK reacted to dangelo in Who actually thinks the price of silver will rise?   
    Silver and gold will both shoot up in-line with what's being done by the WHO, WEF and fascist governments under Bill Gates & friends orders. 
    Hyper-inflation is coming for most economies which are not raking it in from the fake pandemic, together with food shortages, poverty spikes and lockdown damages such as no healthcase, delayed healthcare and add in the vaccine damages - adverse effects and deaths and all the rest (in total reaching a millon cases soon in the UK alone, and only a few percent are ever reported or recorded).  Several commodities have hyper inflated already and continue to like pork and lumber.  Employment is only available at cult-linked and cult-benefiting companies so for most unemployment is a big problem.  These are just a few things going on in the world.  When currency becomes worthless and you have the likes of China (and more to follow) rolling out trackable digital currency then people will have nowhere to turn but to gold, silver, subsistence farming or bartering in order to trade without having everything monitored and controled by a cult. 
    The cult has brought mortality rates back to 2010 levels by killing people with lockdowns (and blaming a "virus") and they will keep driving hard while they are winning, people will continue to lose more freedom and the poor-rich divide gap will continue to widen as people are further enslaved by things such as UBI - sucked up by the poor and in return they have to abide by the demands of the hands that feed them.  In view of this there may be a window to save "money" in gold and silver in the short to mid-term as it shoots up, but in the long term the governments and the cults above them will put an end to it because it is an "out" of their systems, just like they will put an end to cash money which can't be tracked and controled.  Also unless you have enough gold and silver to last a lifetime it's only going so far as you sell off an ounce for $200 for example one week to get a weeks food supplies then next week an ounce might get you $220 in FIAT but the price of the shopping has doubled so you need to sell 2 ounces for $440 to get a weeks food and so on... you will need a large stack to get you and your loved ones though life.

    The WEF dictates no one should own anything, as a consumer you will only be allowed to rent things - property and vehicle ownership will end fully and everyone will need to submit fully to the cult narative and dystopia they have decided upon for you.  You will have no stack at this point, everything belongs to the cult, including your life.
  16. Like
    BYK reacted to GoldenGriffin in Who actually thinks the price of silver will rise?   
    I think if something is going to start to happen with gold or silver, it'll be from January 2022 onwards, when parts of basel III are implemented and the paper market starts to taper, which I think the UK has more control over.
    End of June, nah!
    More likely to be 6/7 months later, which may kick off and continue with small increments, which aren't very noticeable, slightly higher highs and slightly higher lows from that point, but heading upwards overall, at a turtle's pace, not like a hare (Bitcoin).
  17. Super LOVE
    BYK reacted to Patyq in Who actually thinks the price of silver will rise?   
    Here you go buddy.
    Personally I also dont think silver will go to the moon.
    Everyone is talking about it going up, so that "goup" might already been included in price.

  18. Like
    BYK reacted to Midasfrog in Queens Beasts Completer 1oz gold bullion are they in stock anywhere ?   
    Lovely coins and stunning design 👍 I think it will be a keeper for most coin collectors for sure.


  19. Like
    BYK got a reaction from SilverStorm in Queens Beasts Completer 1oz gold bullion are they in stock anywhere ?   
    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. 
  20. Like
    BYK got a reaction from Midasfrog in Queens Beasts Completer 1oz gold bullion are they in stock anywhere ?   
    Yes they just rang me a short while ago!  
  21. Like
    BYK reacted to GoldDiggerDave in Queens Beasts Completer 1oz gold bullion are they in stock anywhere ?   
    BUY BUY BUY!!!!!!!!!!😀😀
  22. Like
    BYK reacted to Midasfrog in Queens Beasts Completer 1oz gold bullion are they in stock anywhere ?   
    Atkinsons have them back in stock this afternoon 👍
    @BYK
    @Slam
    @GoldDiggerDave
  23. Like
    BYK reacted to GoldDiggerDave in Queens Beasts Completer 1oz gold bullion are they in stock anywhere ?   
    You can still pre order at Chards, ordered 2 a few weeks ago due in mid June hopefully.  
  24. Like
    BYK reacted to BackyardBullion in GOLD DEALS - (UK & Europe) See a deal, post it here   
    Getting this post back on brand and true to it's purpose...
    Cannot say no to 1.25% over spot price for a whopping big gold coin.
    https://www.chards.co.uk/mexico-gold-50-pesos-coin-grade-C/14502
    Pulled the trigger, let's see what a C grade bullion coin looks like!
  25. Like
    BYK reacted to TringSilver in New visitor - Hello All   
    Hope to help, I am by no means an expert just the reading I have done here which has lots of helpful members so trying to pass on the knowledge! 
    Your Brit bar looks like it was about £100 premium, whatever that works out in % about 8% maybe ? That's not too bad for a 1oz bar and is about the going rate. I wouldn't say they were collectible per se but I think if you wanted to sell it here you would get your money back or close to I'd imagine as people like them. I am not aware there is a limit as they aren't dated.
    All of the dealers listed are well respected here. There is also Sharps Pixley and Hatton Garden Metals who I have both used and they are good. Bullion by Post have a slick website and it is good for info but you will see they have hefty premiums due to said, I think a lot go there first then work out after a while that it can be had cheaper. 
    What I have found is that in this game it is literally a case of looking at all the dealer pages a few times a day to spot the deals as they come up. 
    Europa look good and I want to use them but I wouldn't personally order silver from them as you will get import charges applied, although am not sure they are even shipping to the UK due to said. If you know someone who lives in a European country and you can bring it back though then that's another matter! 
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