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richards
Reputation Activity
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richards got a reaction from DuncanWylieWilson in Byzantine Scyphate Electrum Coin – 11ct (45% Gold) – 4.16 grams – UK 🇬🇧
It's pretty. I'll go £111.
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richards got a reaction from Griffo in Silver Monitoring Thread £ (GBP) only.
This is why I've been buying pre 47 junk, as it's possible to get it for spot, or near to. (or probably less than for some of you traders)
I appreciate there's a processing cost to refine it to .999 .. but if we do get a big rise in prices at some point, that processing cost is fixed more or less to the volume rather than to the price, so should proportionally fall as the prices rise - whereas I suspect premiums of ~30% will not stick around if we hit a genuine shortage, that will put demand more on the physical market to pull it in.
At least that's my reasoning. However I appreciate the prices indicates it's clearly not a popular option.. what am I missing? Am I the (very heavy) bagholder here 🤣
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richards got a reaction from Mphys in Silver Monitoring Thread £ (GBP) only.
This is why I've been buying pre 47 junk, as it's possible to get it for spot, or near to. (or probably less than for some of you traders)
I appreciate there's a processing cost to refine it to .999 .. but if we do get a big rise in prices at some point, that processing cost is fixed more or less to the volume rather than to the price, so should proportionally fall as the prices rise - whereas I suspect premiums of ~30% will not stick around if we hit a genuine shortage, that will put demand more on the physical market to pull it in.
At least that's my reasoning. However I appreciate the prices indicates it's clearly not a popular option.. what am I missing? Am I the (very heavy) bagholder here 🤣
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richards got a reaction from katyc in Silver Monitoring Thread £ (GBP) only.
This is why I've been buying pre 47 junk, as it's possible to get it for spot, or near to. (or probably less than for some of you traders)
I appreciate there's a processing cost to refine it to .999 .. but if we do get a big rise in prices at some point, that processing cost is fixed more or less to the volume rather than to the price, so should proportionally fall as the prices rise - whereas I suspect premiums of ~30% will not stick around if we hit a genuine shortage, that will put demand more on the physical market to pull it in.
At least that's my reasoning. However I appreciate the prices indicates it's clearly not a popular option.. what am I missing? Am I the (very heavy) bagholder here 🤣
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richards reacted to Carpe Diem in Refining scrap
blimey, doing that in his living room?
my mrs won't even allow me to eat me plate of spaghetti bolognese in front of the telly for fear of splashing sauce on the carpet!!!
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richards reacted to Bigmarc in The dreaded VAT
All of my collection has some sort of alloy in it, I sold my last bit of 999 last year, just not for me. Pre 1920s, 1947, Britannia Brits and sovs. Just write down what percentage over spot you are paying and average it out, that way you know what to sell at. To be honest the financial crash thing looks different to many eyes so it's good to have view of when to sell. Especially silver imo.
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richards got a reaction from artalien in Was it wrong to clean these coins?
They've come up really nice. I'm not sure why anyone would be bothered by it really, though I doubt I'd do it to anything with much rarity value.
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richards reacted to Happypanda88 in Hello
Hello! Welcome to the forum.
To pickup low premium silver on the forum, you might have to upgrade to premium membership. This is because for a non-premium members, you won't see items for sale until after 72 hours of listing. By which time, any good deals will have gone.
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richards reacted to James32 in The dreaded VAT
But it does sell, a member recently moved around 10kgs of 50% on here in a couple of weeks.
One thing I will add on the premium/vat side of .999, is that whatever premium you pay on here, you will get back when selling.
Example, let's take an arbitrary spot price of £20 an oz. We'll say you can get an oz of 50% at £20 but an oz of .999 costs £26 ( seems logical to go with the 50?) Now let's pretend spot stays at £20 for a month, you need some quick cash and have to sell some silver. Your 50% will bring you spot but your. 999 will bring you £26....
So both get you back what you put in, but one appeals to a handful of forum members/buyers and the other appeals to a 100+ on any given day.
Basically what I'm trying to say is that when bought right ( usually from the forum, and as long as you have looked around at average prices/going rate, which will meanyou haven't overpaid) there's like an unwritten rule that your premium always comes back to you!!
Hopefully that makes a little sense.
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