Maxx546

Silver Platinum and Palladium have all gone on an upward trend today ..yet gold has dropped...will gold follow the trend as the above later on this afternoon... or will it drop more ... I've a feeling it's going to drop a little more 

Carnt see inflation coming down.. more than likely it will go up soon come Autumn and winter.. two big factors are they have cut oil production and now Russia has pulled out of the grain deal and blocked the ports in the black sea ..Prices are going to rise substantially...The government can spin it how they want but Hyperinflation is just around the corner and coming to you very soon

6 minutes ago, MergingCultures said:

Yeah, pretty happy with how it looks and it's g&d. I wonder how much though!!

6 minutes ago, MergingCultures said:

Yeah, pretty happy with how it looks and it's g&d. I wonder how much though!!

Wouldn't be surprised if it's around £795 

Just got an email from Royal Mint about the Coronation sovereign 

Quite like it being the first Charles sovereign with G&D on the reverse..

But wont be going through RM if I decide to get any ..and you will probably be looking at Christmas before they start sending any out after the last performance with the Memorial sovereigns 

On 17/04/2023 at 14:52, dvl said:

They certainly were active at some point, however RM confirmed that this was an error (please see below). Good news everyone, the second market will not be flooded with new proof memorials 🤪

Looks like The Royal Mint IT department have made another so called error..They are back online again... cannot see me dealing with these buffoons ever again.. 

This seems a good price for the 4 coin set 

https://www.ebay.co.uk/itm/295586689090?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=EiKeOHuBQ7q&sssrc=2349624&ssuid=tX1yzNkzRB-&var=&widget_ver=artemis&media=COPY

20 minutes ago, CazLikesCoins said:

Are all the scratch marks on the coin or the capsule?  I'd be a bit unhappy with it to be honest with you if on the coin. 

These:

Looks like capsule to me

35 minutes ago, SimonD said:

I have been collecting/stacking for about 2 years in a small way(small budget) and have bought a small amount of gold, all fractional. My largest is a 1/4 ounce Britannia. Would it be better to save for MANY months to buy larger pieces or buy smaller fractional pieces?

What are the thoughts on this by members here? 

Bullion sovereigns are the way to go in my opinion..  if you manage to buy one sovereign every 2 months  its 6 sovereigns a year and can soon mount up over a few years  ..but wishing all the best in stacking in the near future my friend 

2 hours ago, Midasfrog said:

Here is the buy to let compared with buying gold 

Dont know how they worked them house prices out ...must of been taken from London house prices.. certainly not from up north lol...  The upkeep, times when empty, tenants not paying their rent and tax  can take quite a bit of your rental income... and the time and effort you put into them ..  I would go for gold anyday of the week 

7 minutes ago, katyc said:

Just.... Wow! Thats very interesting.

I'm a huge fan of both property and PMs.

I am still resistant to non-tangible / touchable investments but do want to diverse a little at some point. Perhaps I will when the S&P plummets another 20% this year (according to Gareth Soloway). 

It does make you think...  l started looking at the gold market around 2010 and how much gold had gone up from 2000 to then..and changed my mind about property..

£180 an oz in 2000 to around £800 an oz in 2010 ..it really was a no brainer..

Best thing I ever done.. 

Gold will go up and down ...But if you plan on keeping it as a mid to long term investment you won't fail.. just think what it could be in another 10-20 years time 

2 hours ago, MancunianStacker said:

On larger properties yes, a correction - some will downsize, but on smaller ones, the 2 bed terraces and apartments/flats no. These are your first step properties usually owned by landlords. Landlords sick of the legislation and tax issues, so selling them leaving tenants with credit issues unable to rent as most require a credit check. Rental yields gone up more now, landlords are re-entering who didn’t leave or new landlords entering the market. Tons of Hong Kongers buying multiple properties with cash (smart move). 

MSM is telling people there will be a correction / crash but it’s only a crash if you are planning on flipping your house for a quick profit. If you need somewhere to live for 25 years plus, it’s still cheaper to buy than rent. They want generation rent and will put you off buying at all costs.

Give me any property address (outside London at least), certainly in the North West, a couple with average incomes and a 5% deposit and I’d find them a mortgage.

They’ve been predicting a crash for 5 years and without wanting to sound like “Wonga” (old forum member) on Gold Price - no chance of a property crash and you’ll double your house price in 25 years! Guaranteed!!!!

Rates will go up another 0.5% (maybe on 23rd of March) but will be back down lower than today within 2 years, it might just stay this high for another year. People could wait to buy for 2 years but the prices I expect will still be higher than today.

Mortgage product rates have dropped significantly, it’s people’s credit history and lack of knowledge in this area that is preventing them from buying. I have one client in overdraft on 3 current accounts wondering why he’s getting rejected.

Carn't see it happening..Big lay off's coming soon, energy prices set to go up in the next month or so plus interest rates set to rise .. people are struggling now paying their mortgage.. lots of people are going to lose their homes and will flood the market..no way will house prices hold their price or go up in price.. 

I'm glad I got out of the property market and sold all my houses when I did ..

Gold and cash for me at the moment...maybe land or forestry if it comes up at the right price ..

2 hours ago, MancunianStacker said:

 

51 minutes ago, James32 said:

 people line up and say 20 years, but then shat themselves during a dip and sell at a loss 😆 

 

So true mate ...Got to be in it for the long haul... only ever sell if it's for necessity.. 

1 hour ago, James32 said:

Wow, the fact you just quoted a dealer price and not the real world price is frightening. 

I've lived through the market very closely, I'm specifically talking about the secondary market where real amounts are changing hands. 

A pf70 jubilee couldn't sell at £900 posted last month on here.

Never ever believe the inflated prices on dealers sites ffs.

Lol I do agree with you on some aspects of what you say ...But the vast majority do buy from these dealers..if they didn't they wouldn't exist...go on most dealers sites and they are going for about the same price around £1200 and may well be over inflated ... But they seem to get it right on the Bullion price around £800 for 2 sovereigns and they are not over inflated.. If the price for these proof Jubilee sovereigns are so much over priced I'm sure they wouldn't sell and they would have to drop their prices on them and still make a good profit if they are getting them for around £800... as for the pf70 not going at £900 there could be a few factors.. ie dont like them stabbed.. personally I dont like them never have and another factor is it would have been the start of the new year and money can get tight around that time...

I mostly collect bullion only have about 20-25 proof coins in my collection and got most of them at around bullion price... But I do think both the 2022 proof sovereigns are a very good long time investment.. 

14 minutes ago, James32 said:

No really much more success than their bullion counterparts. 

My proof "raw" was £585 and reached a "raw" average of approximately £800

My bullion sovereigns at the same time were £303 and reached a top price of £400 each... £400 × 2 =£800, so similar in comparison. 

If we change the scenario to graded ( assuming you get top pop) then you are ahead in the proof, as the jubilee reached an average of £1k although it was very short lived. True profits will come from bigger proof coins £2 £5 sovereigns etc

The 2022 Jubilee proof sovereign is going for £1225 on Chards ..and the 2022 bullion sovereign is going for £411.86 x2 would be £823.72 ...Big difference there mate

My opinion is it's got to be the proof for longterm investment...just take a look at how the 2022 Jubilee proof sovereign has done within the last year .. The memorial sovereign is the first sovereign of Charles III  and can only see it going the same way the Jubilee proof sovereign has gone once all the flippers and short term investors have all but gone ..But good luck with what ever you decide 

On 25/02/2023 at 10:13, honestinjun said:

If you're new to collecting gold coins, you may be wondering what the best coins to start with are. I get this question a lot. Share your experiences and recommendations for coins that are easy to find, affordable, and have potential for appreciation. What are the best gold coins for beginners to collect?

I would most definitely say that gold bullion sovereigns are the way to go ..Try and get it as close to spot as you can ...depending on your budget start off on half sovereigns..That's how I first  started off as money was tight at the time .. if you can afford it at the moment a memorial half or full proof sovereign is a good investment.. these will only go up in price..you can still get these from  Chards for a good price ..But I mostly stick to bullion sovereigns

2 minutes ago, MonkeysUncle said:

Free delivery 😛

Only for 3 days though..Best snap it up quick lol

Wow ..This has got to be the bargain of the year ... I wonder what the full sovereign goes for 

https://www.ebay.co.uk/itm/144955465483?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=Gli_ceRkT32&sssrc=2349624&ssuid=tX1yzNkzRB-&var=&widget_ver=artemis&media=COPY

16 hours ago, Skyfiller said:

What a shame. Just received my first couple and maybe it’s just my eyes but it looks like an old coin I’ve just picked up off of the road that’s been run over a few dozen times. Can’t really see the design as it’s so small and cluttered.

That was my thinking before it was minted..just a shiny blobby mess just like the 2012 Diamond Jubilee bullion..The proofs are so much better 

19 minutes ago, 0laf5on said:

Damn, i'm waiting for this one too. Well, they say that patience is a virtue, but i'm running on empty😅.

Lol..Same here.. 5 months is a ridiculous time to wait when you have paid your money up front ... as I said in a previous post ..I don't think I will be ordering anything else from Royal Mint in the near future..The Charles Coronation coin is going to have to be something really special for me to commit to buying from them..you probably wont receive these coins till Christmas the way Royal Mint are carrying on ... The Jubilee and The Memorial will do for me for the time being Back to Bullion for me 

15 hours ago, sovereignsteve said:

Striking or sending out?

Just been back intouch with Royal Mint and now they are saying that it won't be till 17th March that the three box sovereigns will be ready, to be sent out....absolutely ridiculous 

14 hours ago, sovereignsteve said:

Striking or sending out?

Striking..so hopefully should be sending out anytime..not heard anything else as of yet 

Just been onto Royal Mint and they are starting on the 3 coin box set this Friday