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FourNinesFine

Member
  • Posts

    347
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  • Trading Feedback

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  • Country

    United Kingdom

Reputation Activity

  1. Like
    FourNinesFine got a reaction from Happypanda88 in Today I Received.....   
    Thanks to @ST1986 and @Sh97if for some of today's additions to my stack.
    The 2012 continues my one-man vendetta against the Pistrucci sovereign (which will get me banned from the forum at some point I'm sure).
    And the 10oz bars have helped me realise a life-long dream of owning PMs that look like it does in the movies!
     

  2. Like
    FourNinesFine reacted to Britannia47 in Latest auction prices for 1989 Proof Sovereign   
    I agree the 1989 design by Bernard Sindal is a must.  There's something interesting on both sides! I rather like Paul Days' 2012 design but not as bullion. The all-over shiny surface makes it difficult to discern the detail, so I imagine the proof version is easier on the eye. My first proof sovereign was in 1997 at £149 which seemed a lot of money then - ordinary sovereigns were going for about £50! As a collector/keeper for over 25years I have never sold a single gold coin! although I have procured a couple of 1/2sovs for TSF members. It seems inadvertently I have become a stacker/hoarder, so keeping gold for the medium/long term has worked for me should I sell. Anyway couple of photos as always to finish off🙂
     


  3. Like
    FourNinesFine got a reaction from slack in Bullion vs Proof vs Graded   
    What a great article. Thanks for pointing me at that @MonkeysUncle.
    I think we'll all continue to interpret this guidance in our own ways:  "...a small allocation of British gold Sovereigns can be a useful diversification in an investment portfolio."
    Also, I've never bought precious metals from there, but I'm pretty sure I used to drink in the Knuckle Dragger Central.
    Cheers.
  4. Like
    FourNinesFine reacted to MaxeBaumann in Today I Received.....   
    This series has excited me from the start, these are beautiful coins. But believe me, the 3oz in Antique Finish in Ultra High Relief (minting height 6mm) are even more magnificent. Show pictures of the first issue again. Love from Maxe and have a peaceful weekend.




  5. Like
    FourNinesFine got a reaction from silvergaga in Complaint letter against the Royal Mint sent to Anne Jessopp.   
    Wow, talk about advertising your backlog.
    Good luck with getting iit resolved.
  6. Like
    FourNinesFine reacted to ZRPMs in Bullion vs Proof vs Graded   
    My collection Is mostly bullion. As far as proof and special issues go. I have a few but only because I got them for not much more than the bullion. I've found £ cost averaging works well for me. 
    I've often wondered about the graded coins. and whilst they are usually stunning coins, My interest is not really in any numismatic value. 
  7. Like
    FourNinesFine reacted to Zeuk in Today I Received.....   
    Late home from work and a couple of nice shineys waiting for me, thanks @AndrewSL76

  8. Thanks
    FourNinesFine reacted to MonkeysUncle in Bullion vs Proof vs Graded   
    Made perfect sense.
    I suscribe to the fact that I can ditch bullion to a dealer or pawnbroker at spot (give ir take) quickly and easily.
    If you need to shift a proof then you need somebody who is prepared to pay premium. If you're in a hurry, then you could end up shafted.
    This article written by BBP agrees with me.
    https://www.bullionbypost.co.uk/index/gold/gold-sovereigns-good-investment/
    I'm sure many won't!
    A bullion coin can be nice and shiny and pretty and unblemished. So long as it's not a 1oz piece of silver from KnuckleDraggerCentral. Never been dissatisfied with a new Sov or oz of gold, it's the silver monkeys in my experience that don't give a toot.
  9. Like
    FourNinesFine got a reaction from kimchi in Wanted - Good condition 1970 Sovereign   
    I'd imagine if there's one to be found for you... this may just be the place. 
    Good luck. I'll keep my eyes peeled.
  10. Super LOVE
    FourNinesFine got a reaction from lst65 in Wanted - Good condition 1970 Sovereign   
    Oh, I see. Just thought it was a rare one.
    Yes, a little project for you maybe... to unearth something else just as special.
  11. Like
    FourNinesFine reacted to lst65 in Wanted - Good condition 1970 Sovereign   
    Thanks so much buddy. It appears the Mint didn’t do any that year! I’d hoped to get one for her, my son and I. New plan me thinks. 
  12. Like
    FourNinesFine got a reaction from Solly in Today I Received.....   
    Thanks to @ST1986 and @Sh97if for some of today's additions to my stack.
    The 2012 continues my one-man vendetta against the Pistrucci sovereign (which will get me banned from the forum at some point I'm sure).
    And the 10oz bars have helped me realise a life-long dream of owning PMs that look like it does in the movies!
     

  13. Like
    FourNinesFine got a reaction from Nowhereman in Today I Received.....   
    Thanks to @ST1986 and @Sh97if for some of today's additions to my stack.
    The 2012 continues my one-man vendetta against the Pistrucci sovereign (which will get me banned from the forum at some point I'm sure).
    And the 10oz bars have helped me realise a life-long dream of owning PMs that look like it does in the movies!
     

  14. Like
    FourNinesFine got a reaction from HonestMoneyGoldSilver in Today I Received.....   
    Thanks to @ST1986 and @Sh97if for some of today's additions to my stack.
    The 2012 continues my one-man vendetta against the Pistrucci sovereign (which will get me banned from the forum at some point I'm sure).
    And the 10oz bars have helped me realise a life-long dream of owning PMs that look like it does in the movies!
     

  15. Like
    FourNinesFine reacted to bobski in Today I Received.....   
    And another 2022 jubilee sov from gold bullion co


  16. Like
    FourNinesFine reacted to bobski in Today I Received.....   
    Cheers @NGMD
    chocolate bar a nice touch 👌🏻

  17. Sad
    FourNinesFine reacted to lst65 in Wanted - Good condition 1970 Sovereign   
    Thanks buddy. Basically my wife died in January. Her birth year…1970. No worries, thanks for the sensible response and not laughing. 
  18. Thanks
    FourNinesFine reacted to HonestMoneyGoldSilver in The rally in gold and silver prices is just getting going   
    Fear, Uncertainty and Doubt
  19. Thanks
    FourNinesFine got a reaction from HonestMoneyGoldSilver in The rally in gold and silver prices is just getting going   
    Very interesting @HonestMoneyGoldSilver.
    Humour an inexperienced stacker... what's FUD?
    Ta.
  20. Like
    FourNinesFine reacted to GoldCore in The rally in gold and silver prices is just getting going   
    Some who are considering buying gold bullion or silver investment often look closely at the price and ask ‘is now a good time to buy gold’. This is understandable after all no buying decision should be one that you take lightly and often people want to feel like they have bought ‘at the right time’. So, in this week’s blog, we look at recent gold and silver price gains in the perspective of the financial crisis of 2008 – 2011. Remember, whether you buy gold today or tomorrow, it should be viewed not just as an investment but also as insurance for your portfolio. 
    In our post on April 13 Has the IMF Told the World to Buy Gold? we discussed the IMF’s (International Monetary Funds) recent release of its Global Financial Stability Report and World Economic Outlook and pointed out that many of the major financial stress factors caused by the rapid tightening of the monetary policy outlined in the reports are positive for gold and silver prices. 
    How does financial stress impact gold and silver prices
    This week we start with putting gold and silver price gains from financial stress in perspective of the recent Great Financial Crisis of 2008-2011. 
    The chart below shows that silver prices have already rallied 40% from September 1, 2022, with a steep climb starting in mid-March as the problems of Silicon Valley Bank started to unfold and gold prices have climbed almost 20%. We also remind readers that one of the signs of a bull market in precious metals is when the silver price is rising faster than the gold price. 
    Gold and Silver Price Chart Looking back to the last financial crisis, from the first market concerns about liquidity, and when NetBank failed in September 2007, to the peak of that bank failures cycle, because of the series of quantitative easings by central banks, and the bailouts of Greece, Portugal, and Ireland; Silver reached a peak in April 2011 with a 400% gain and gold reached a peak in September 2011 with a gain of 280%.  
    In other words, the rally in gold and silver prices is only now getting going and has quite a distance to run higher as current financial vulnerabilities are exposed.
    Gold and Silver Price Chart There is the added complication of inflation (see our post on March 30 The Fed is now in a tug-of-war between fighting inflation and saving the banking system) and the much higher debt levels of governments and households. 
    The third flagship report published by the IMF last week was the Fiscal Monitor which discusses fiscal policy (governments sending less) tightening after the rapid increase in spending to support their respective economies during Covid.
      Governments must deal with high debt levels, alongside modest growth (negative economic growth in the near term) while having to pay higher interest rates on their own debt.
    The report states that governments are likely to face additional spending pressures in 2023 as ongoing geopolitical tensions may lead to further increases in defense spending and fiscal support to address negative effects from disruptions to international trade. Industrial policies, including government subsidies, may also emerge to foster import substitution … 
    … Low-income developing countries, many of which are in or near debt distress or have limited fiscal space, face a particularly difficult balancing act. Many developing countries are grappling with tighter budgetary constraints.
    The additional spending pressures, combined with slower growth, and tighter monetary policy due to ongoing inflation pressures will add to debt levels.
    3 Reasons Why Patrick Karim is Bullish on Gold
     
    Over the medium term, under current policies, public debt is expected to rise to close to the record levels seen at the height of the pandemic.…. Related fiscal risks typically manifest themselves in weak growth and tight financial conditions. (See chart below from the Fiscal Monitor report.)
    Low Growth, Rising Rates and High Debt The IMF expects debt governments to continue to run deficits and debt levels to rise in all three major categories – advanced economies, emerging markets, and low-income developing countries.
    General Government Primary Balance and Debt Chart, 2019-27 In China, it’s not the central government that holds massive debt, but instead the local governments in aggregate.
    China, one of the world’s most indebted nations, has not experienced a full-blown financial crisis, yet. There were a few close calls. In 2019, the government had to seize a regional bank, for the first time in decades, to prevent a run on deposits.
    Last year, a wave of real estate developer defaults ended up with homebuyers threatening mortgage boycotts. Both scares got defused. One may even argue that China is now a safer place for investors after Beijing tightened regulations on unruly local banks and aggressive home builders.
    There is one more elephant in the room
    But there is one more elephant in the room: Borrowings from local government financing vehicles. For years, municipalities have been relying on these off-balance-sheet entities to fund infrastructure and support the local economy.
    LGFV debt rose to 57 trillion yuan ($8.3 trillion) in 2022, or 48% of China’s gross domestic product, according to estimates from the International Monetary Fund (Bloomberg, 04/16). 
    Elephant in the room With land prices tumbling and slowing growth in China some provinces are appealing to the central government for a bailout.
    And in the US there is the eroding of confidence due to the ongoing raising of the debt ceiling debate which will turn into a crisis and a possible US government shutdown in mid-June if Congress continues to bicker and stonewall (for more on the debt ceiling see our post from January 19 What happens if the debt ceiling raises).
    Bottom line – there are many crises on the horizon which will turn more investors to precious metals thus propelling prices higher.
  21. Like
    FourNinesFine reacted to Pete in The rally in gold and silver prices is just getting going   
    I don't look at any forecasts these days because most of them are total B.S.
    So called "experts" and "people in the know" spew out endless videos and recommendations.
    My memory takes me back to the period when silver was heading for the moon etc. etc. and all the pundits were analysing Chinese buying, shortages of metal vs paper contracts, Morgan Stanley .... blah blah blah.
    Now over a decade later silver hasn't returned near to its highs despite the expert predictions and the market at the time.
    Gold to me looks high and is trading high but remember to strip out inflation and currency weakness.
    It is still a great asset to own especially if purchased a while back but will it maintain its steady upward trend ?
    No-one knows but you can attach any global event to explain an upward or downward trend.
    Not so long ago pundits were predicting the collapse of the USD and last Autumn the pound was essentially parity with the dollar.
    Everything currently is risky and the tide could change without warning so maintain a diversified portfolio at all times.
  22. Like
    FourNinesFine got a reaction from SilverPlatinum in Today I Received.....   
    Thanks to @ST1986 and @Sh97if for some of today's additions to my stack.
    The 2012 continues my one-man vendetta against the Pistrucci sovereign (which will get me banned from the forum at some point I'm sure).
    And the 10oz bars have helped me realise a life-long dream of owning PMs that look like it does in the movies!
     

  23. Like
    FourNinesFine got a reaction from Ducat916 in Today I Received.....   
    Thanks to @ST1986 and @Sh97if for some of today's additions to my stack.
    The 2012 continues my one-man vendetta against the Pistrucci sovereign (which will get me banned from the forum at some point I'm sure).
    And the 10oz bars have helped me realise a life-long dream of owning PMs that look like it does in the movies!
     

  24. Like
    FourNinesFine got a reaction from bobski in Today I Received.....   
    Thanks to @ST1986 and @Sh97if for some of today's additions to my stack.
    The 2012 continues my one-man vendetta against the Pistrucci sovereign (which will get me banned from the forum at some point I'm sure).
    And the 10oz bars have helped me realise a life-long dream of owning PMs that look like it does in the movies!
     

  25. Like
    FourNinesFine reacted to 1stsovereign in 2008 GB gold proof sets just above the spot!!!   
    £8100 posted SD
    84.76g/each set 
    Just above gold spot!
    Great investment 
    Bank wire only 
    Thanks for looking 


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