SovereignBishop

Should be fixed now.  

This week's deliveries.
A tube of ASEs from @PercyItsGreen
2 ASEs from @bobski
2 ASEs from @ZEE123
And finally 3 Tudor beasts from @Fenlander1

1. If an airplane's black box is indestructible, why don't they make the whole plane out of it?
2. Why is there a 'D' in 'fridge' but not in 'refrigerator'?
3. If you try to fail, but succeed, which did you do?
4. If a tomato is a fruit, is ketchup a smoothie?
5. Why do we call them "apartments" if they're all stuck together?
6. Why do we say we 'slept like a baby' when babies wake up crying every few hours?
7. If one synchronized swimmer drowns, do the others have to follow?
8. If you had your arm amputated, would it still be there in spirit when someone asks you to "give them a hand"?
9. How can something be 'new and improved'? If it's new, what was improved? If it's improved, how is it new?

As someone who had a year away from the forum recently, I can't help but feel silver is on sale right now on here.
Minted bars for £25oz. Eagles for the same or less.
When silver was under £20oz I'm sure the above items were about the same price as they are now?
Previously on this forum I felt gold was the bargain and the premiums on silver were not worth it.
Of course it could be getting ready to fall back down, but I am backing up the truck.

Please don’t mention the fraction 1/200th before you send @treetop1280searching for the holy grail.

I’m 46 now and started collecting coins aged 6 when I was handed an 1886 Morgan.  It was an incredible thing to hold and my father still reminds me how he swapped it for a dollar bill with a waitress when on holiday.  
Fast forward 4 decades and I’ve a couple of coins kicking about… and it’s been a journey that has never been about anything other than collecting.  My profile says stacker… I am in someways… but I’m not going to collect and stack scrap.  I have proof coins… because they are important… but they are nowhere near as interesting as the ones that have been slid across a bar 🤠 for tequila or dropped by a pirate! 🏴‍☠️ 
I think the last few weeks have focussed me more on the bullion value of my two sovereigns, my old Morgan, and the bag of Peseta’s as oppose to the numismatic interest and history which someone eluded to the other evening.
Tonight - I’m reminding myself that the collecting journey is more interesting and important than the bullion weight.  I’m also inspired by the knowledge on this forum - understanding that after 40 years - I know not enough, but I’m doing ok if I wanted to melt and make a few bars.   But which melt pot would I throw the old Racketeers nickel in?  
£60.58 a gram…. Absolutely bonkers! 
Cheers 🥂 

I’m with @JamesH here.
Buy it as soon as you can. Yolo.
Worrying  about a few quid isn’t worth it. In 6 months you won’t even remember how much you paid. 

Why a Powerful Silver Bull Market May Be Ahead:
https://www.bullionstar.us/blogs/bullionstar/why-a-powerful-silver-bull-market-may-be-ahead/

£1884

As someone who had a year away from the forum recently, I can't help but feel silver is on sale right now on here.
Minted bars for £25oz. Eagles for the same or less.
When silver was under £20oz I'm sure the above items were about the same price as they are now?
Previously on this forum I felt gold was the bargain and the premiums on silver were not worth it.
Of course it could be getting ready to fall back down, but I am backing up the truck.

Anyway GOLD. Not doing a whole lot on open but we really don't want it to. If gold accelerated past $2471 then it would hit the 80% RSI and start setting off alarm bells that people should be selling. The current price is pretty much at the 70% RSI (Relative Strength Index) of $2380. A rating above 70 means a stock/commodity is overbought and might be in line for a correction. The higher the number goes, the more likely a correction becomes
So we chill at this price level comfortably above £1900/$2300 for a while until we consolidate our gains before the next leg up. There was a discussion about this a few pages back between @SovereignBishop and @SidS that covered most of it. As stackers and long-term holders we definitely want the price to go up but we don't want massive volatility, that doesn't suit us at all, high volatility suits traders and the ultra wealthy. Our ideal scenario is to be the turtle, slow but steadily accumulation in a sustainable fashion. Booms and busts make buying physical gold riskier as failure to time the market (timing the market is theoretically impossible) may lead to losses if you happen to be unlucky when making a large purchase.
We want things to be easy and for our decisions to buy gold, DCA or large purchases, to be straight forward. You buy, hold, number goes up, great, job done. We can see the recent volatility has had a negative effect on sales and premiums, depending on your POV. A slow, steady rise with steady premiums suits the dealers/sellers and the buyers
XAUUSD - Gold Forex Trader's Cheat Sheet - Barchart.com
Gold: Technical Analysis Chart | | XAUUSD | MarketScreener
You can use the cheat sheet linked above or if you prefer visual tools, a chart like the one linked to view the nominal price, RSI, Vol, Fibs, Bonnies, etc

I agree with these points completely. I was just giving my view on why people on here cheer the price rises. Swings are inevitable and I personally am not convinced this movement will not correct itself in due course.
Good discussion 🙂

I think people are happy to see a profit on their stack, while hoping future purchases will also increase from when they bought them.
So if gold keeps rising, and we keep buying, our wealth keeps growing.
If the price never moved it would be a terrible way to save and Inflation would erode any gains given time.
So unless you are purely a collector who doesn't see gold as a way to save and invest or you are just starting out and have no stack, price rises are great

Something a bit different.
50 Escudos coin. Portugal 50 Escudos KM 602 Prices & Values | NGC (ngccoin.com)
0.650 silver
Silver content 0.38 Oz
Selling at £15 posted (2nd signed for)
Thanks
 

As someone who had a year away from the forum recently, I can't help but feel silver is on sale right now on here.
Minted bars for £25oz. Eagles for the same or less.
When silver was under £20oz I'm sure the above items were about the same price as they are now?
Previously on this forum I felt gold was the bargain and the premiums on silver were not worth it.
Of course it could be getting ready to fall back down, but I am backing up the truck.

When would you like your investment value to increase? Once you have bought all the gold you want?
It's best to see the money spent each time as a total amount invested in to a commodity which will hopefully see returns, rather than focus on the cost of individual items.
This is what happens when investing gets blurred with a hobby and interest.
No one worries about their pension rising with the stock market, they keep putting the monthly contributions in regardless.
Do the same with gold.

44 sold
6 left

Guess we'll find out tomorrow.

I don't think it will either @SovereignBishopI believe this is long overdue. Either way, up, down, up the general trend is up📈

I agree with these points completely. I was just giving my view on why people on here cheer the price rises. Swings are inevitable and I personally am not convinced this movement will not correct itself in due course.
Good discussion 🙂

When would you like your investment value to increase? Once you have bought all the gold you want?
It's best to see the money spent each time as a total amount invested in to a commodity which will hopefully see returns, rather than focus on the cost of individual items.
This is what happens when investing gets blurred with a hobby and interest.
No one worries about their pension rising with the stock market, they keep putting the monthly contributions in regardless.
Do the same with gold.

I think people are happy to see a profit on their stack, while hoping future purchases will also increase from when they bought them.
So if gold keeps rising, and we keep buying, our wealth keeps growing.
If the price never moved it would be a terrible way to save and Inflation would erode any gains given time.
So unless you are purely a collector who doesn't see gold as a way to save and invest or you are just starting out and have no stack, price rises are great

When would you like your investment value to increase? Once you have bought all the gold you want?
It's best to see the money spent each time as a total amount invested in to a commodity which will hopefully see returns, rather than focus on the cost of individual items.
This is what happens when investing gets blurred with a hobby and interest.
No one worries about their pension rising with the stock market, they keep putting the monthly contributions in regardless.
Do the same with gold.