Geovest

UBS down 14%, Credit Suisse Down 63% (basically takeover price

Thanks 4 this. Can you please clarify 4 us the significance of the number 4.

It’s funny this gold price thing. The price goes up, everyone is worried to buy in case it comes down again. If the price goes down, everyone is worried to buy in case it goes down more. Personally, I keep buying, less when I feel it’s run up too quick and more when it pulls back, but there is never a reason not to buy. I don’t know what the price will be tomorrow or next week or next month. But what I do know is that given the state of world finances, in 10 years time, the price of gold will be a lot higher, so, I keep buying.

Doing its job as we need it to!

Minting as much as demand dictates draws a firm line under easy money flipping. Patient investors may still benefit modestly. Point in case, queens beasts bullion coins were minted in near unlimited quantities, yet they sell at a premium after a few years.

What will happen to the Tudor Beast series? will the rest come out with King Charles's head? Interesting that the Yale that has just been released is dated 2023.

Thanks for the info, appreciated

Thanks. Do you know what the 2021 or 2020 was released at?

Do we have any indication what the release price will be? What was the RM release price for the 2021 £5 BU Sovereign?

Mostly it’s very accurate in its short term predictions because there are so many chartists and bots doing exactly the same thing creating a self fulfilling prophecy.

Well, I tend to take the view that a chart is just a pictorial representation of past history. Some swear by it, that history predicts the future and charts tell you what to expect in future. Others say that history is just that,... history, the past. I have seen many bull and bear markets. History doesn't repeat itself in the same form, but in a variation of the past form, and sh*t happens and when that happens, it doesn't stop to check the past, it just happens. So, I do look at history and at charts to see what has happened and what may happen, but don't rely on it. Check the road before you cross and recognise that when that brown stuff come running down the hill, it may be time to run (or gather some buckets if you are in need of fertiliser 😄). In the meantime, keep stacking, our currency keeps getting weaker.

From memory going back years, about 3.5g per tonne is considered average. With modern mining they can mine down to 1g per ton economically

True, but the purchasing power of £ Sterling has declined by over 8% over the last year as reflected by the inflation rate and even more than that in relative value compared to the USD. The gold price in £ just reflects that relative position. The primary quote for gold is in USD and is still 12% below its high.

US inflation up to 8.5%, our inflation not far behind and rising. This will continue to drive the Gold price higher. I would not be surprised to see it up to £1650 by June

I don't think that Russia would unilaterally go on formal gold standard. The BRICS countries have been working on an alternative monetary system backed by gold and other commodities for some time. The final "white paper" was presented to the group last week and accepted. The objective is to de-dollarise trade between them. It is thought that the Middle East oil producers are interested in joining the group as oil would likely form part of the commodity basket. If this happens, the US would not be able to knock down the gold price materially as there would be keen buyers and deep pockets to back it up.

That is much better than Albaba bullion. At least you can derive some pleasure from eating it!

It will track the price of gold, but after a few years may trade at a small premium because of the design. We don't know the number minted yet, but it will not be scarce.

In December I ordered the continuation coin, so both. An invoice for the portrait was placed on my account yesterday and the money taken today. So it is ready for dispatch. Maybe no launch as its all sold out anyway.

Now gone!

Essentially them re-selling coins that were previously owned. So VAT was paid on the original purchase and to avoid double taxation, VAT is only charged on their margin, not the full price. This is only applicable to "white" metal, silver and platinum mostly

Chards have it listed for £400 in their Special Scheme VAT free

Not to mention the ego's! 😂

Remember, a F1 stewards enquiry nearly always results in: "No action required" (We can bend the rules as long as it suits us")

I once bought a tube of silver Britannia's from a forum member based in NI a few months ago. It was sent SD, got denied boarding on the flight from Belfast, then got sent by road to Glasgow for further security scans. Fortunately they didn't blow it up and it eventually arrived a week later. Royal Mail's explanation was that all parcels to London had to undergo additional screening and this parcel was classed as suspicious. I guess it must have looked like a pipe bomb on the x-ray😃

So, is it about the label or the coin? 😂 Sorry, had to ask.