Geovest

Look at the 20, 30,50 year charts and see all those "tops". Just keep buying, pond cost averaging will take care of the rest...

Haha, you have to see it in context. The modern sovereign has been in production since 1817, so the change in 1957 is therefore recent 😄

Sovereigns are 22 carat, which means 11 parts pure gold and 1 part another alloy, typically copper and/or silver. Pre 1957 Sovereigns used copper and a small part of silver, resulting in a yellow colour. From 1957 onwards the Royal mint used copper only (cheaper) resulting in a "rose" colour. See attached https://www.chards.co.uk/blog/analysis-of-alloy-content-of-gold-sovereigns/180

Totally agree!

It is also covered in various news articles. China is the most difficult one as they have official holdings and unofficial holdings in wealth funds etc. They have recently authorised substantial permits for gold imports.

Watch what the Russians and Chinese are doing. They are both still buying gold and reducing USD reserves. I agree that there will probably not be a quick uplift in gold, although it is possible, but in the medium term will increase substantially.

The security features on the 21 Britannia doesn't change things at all in my opinion (unless maybe you buy on ebay or facebook etc). I stack both, depending on the premium. Hate the colour of the new Sovereigns so I avoid them where possible. I prefer Britannias as you can generally get them at very low premiums and they stack (literally) easy.

Welcome Sparkie, you will find the forum and members to be very helpful and informative.

A wise investor once said something to the effect of: "You know you have too much when you start losing sleep over your investment. In that case, sell down to your "sleeping point" and keep the rest"

Thanks guys, I appreciate the feedback. Golden Griffin, I share your sentiment. I love the designs and artwork associated with some of the proofs. I have a decent amount in plain bullion which is the main investment. The proofs are more of a hobby that gives me enjoyment and is not something I would easily sell, but it is there for my enjoyment. My son can decide what he wants to do with them when I'm pushing daisies. I would love to have the 2014 as well, but haven't been able to get one. Some day ....

Thanks for the feedback. I will keep an eye out for lower premium proofs coming up.

I have generally been very sceptical about most proofs because of the high premium over bullion. Over the last few years I have been buying Britannia's concentrating mostly on lowest premium over spot. I came across a few pre-2013 coins with the variation designs which I found interesting but hard to get. That let me back to proofs and noticed that RM have been bringing out a different proof design every year since 2013. These are mostly beautiful designs, but the prices tend to be very high. Some of it I assume is related to the RM marketing department starting to use highly polished wooden "display" boxes which adds a lot to the cost. (I tend to subscribe to the view "buy the coin not the box"). The plus side is that the mintages are quite low. I do like the coins, but I have a real concern if it makes a good investment. If you try and sell it in a few years time, how easy is it to sell and will you get much over the bullion price? What advice can those members who have "been there and done that" give me as well as those in the trade. Your advice will be greatly appreciated.

Hi Atomic, I'm from Surrey too. The biggest problem with stacking silver is the VAT. You are immediately down the hole by 20% plus the premium. That means you need a silver price of $35+ just to break even. Some coin dealers such as Chards occasionally have pre-owned coins available under the special VAT scheme, which means you only pay VAT on the margin. You can then generally buy the coins at around £25 - £27 which is a much better deal. You will have to keep an eye out as it is only available infrequently and sells out quickly. Worth setting a reminder to get notified. Happy stacking!

Hi All, I started stacking gold about 10 years ago and silver more recently. Came across the forum thanks to Backyardbullion and Numistacker. I the past I have mostly bought from Chards and Arkinson's but have recently been looking more widely as I am now selectively expanding into numismatics. There is a lot to learn and hope to benefit from the wealth of knowledge on the forum. It is great to see that members seem to be very generous with their advice and guidance. I look forward to taking part in the forum and hopefully acquire some quality coins.