Paul

bbp report it as a flash crash on their news section

 from BBP below 

"The gold price fell to £690 per ounce and silver £9.35 per ounce during Asian trading as the price crashed in a matter of seconds to levels not seen since 2009. The gold price has since recovered to £714 per ounce.

Just before China opened for trading all four of the precious metals tumbled when “someone” sold 2.7bn in gold contacts.

The price fall triggered a large number of automatic sale orders which would have wiped out the entire bid stack. This latest price smash could have been a well-orchestrated trade initiated by a high frequency trade or the BIS gold and FX trading desk.  The only other explanation could be a Chinese commodity deal unwinding.

Ironically moments before the price fall the Peoples Bank of China announced they have increased their gold holdings by 57%."

Also here is zero hedges take on things 

http://www.zerohedge.com/news/2015-07-19/gold-precious-metals-flash-crash-following-27-billion-notional-dump

Any bullion company that offers FREE SHIPPING has the cost of insured delivery factored already into the price shown

That is nice thing having a good bullion well priced source local to where you live 

You can always have a nose see whats in when you're in town see what they've got,

Buy it, cash exchanged, invoice given, walk out with your single half/full sovereign .

No fear of failed delivery or missing parcel and a £6.50-£9 saving on postage from buying online

Assuming it keeps loosing its current rate of around a tenner a day - in around 10 weeks gold is going to be FREE !!!

Greece for x1 euro & a plate of left over sunday kleftiko

Silver smashes through the dizzy heights of £11 (!) 

 

Back up the truck - silver tooooooooo ddaaahhhhhhh moon !!

 

....oh hang on we must be due a massive smash back down some time soon (again) by the silver paper pusher banksters just like the last time, and the time before that, and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that, and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,................................and the time before that

Just call me " Paul the Prophet " from now on or "The Oracle" - i dont mind - really i dont 

Silver smashes through the dizzy heights of £11 (!) 

Back up the truck - silver tooooooooo ddaaahhhhhhh moon !!

....oh hang on we must be due a massive smash back down some time soon (again) by the silver paper pusher banksters just like the last time, and the time before that, and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that, and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,and the time before that,................................and the time before that

@

They are lighthouse Quadrum cases.

http://www.coingallery.co.uk/quadrum-coin-cases-36-c.asp

Bought for cash is great - much better than using the invisible binds of D-E-B-T and costly % APR's to finance a depreciating asset

Probably worth a little more in the card but they take up so much more room to store.  I'm going to chuck them into a box with the other odd bits which don't go into tubes.  I wonder if these were removed from the gift pack box or whether RM sold them in this form.  They confuse me with so many variations of packaging.

I suspect that HGM have binned the outer packaging of these 2011s.  

The 2010 britannias came in similar card and out box/sleeves

£15.68 per coin delivered

(x30) 2011 britannias from HGM - all carded nice surprise - many thanks @Cornishfarmer

No - its not me.  The joys of google images.

No way would you catch me wearing x10 dwarfs condoms on my digits 

I believe the core market of stackers/collectors go for 1oz coins. Aside from a few 2oz coins i have picked up here and there i have nothing larger.  

Just look at the mintages and sales and it is nearly always the 1oz coin that sells out first. 

Also a 1oz coin is a proper coin sized ..........errrrr..........'coin'. 

Im sorry, but the 5oz and bigger gets a little silly in size in my opinion, a coin certainly shouldn't cover more than the size of your palm and i cant personally class them as coins.  

A 10kg silver coin is just a near £5,000 ultra fast window exiting device in event of a fire with a fancy emblazoned design on it

Rember it is all well and good buying these fancy sizes but always consider your exit strategy when you come to sell 

curved coin 

Looks a cracking coin especially a cricket fan.  

It is hard to stack curved coins though, those round bits will send your stack toppling quick sharp 

 a ruined coin in my opinion but well under spot

You can sharp grow to love an 'ugly' coin when you pay well under (£) spot for it (!)   

Silver up nearly £1 an oz for this past week about 8.5% increase

We must be due a paper trader's cricket bat to hit a six and smack it back down again before long ??

please remember folks we are basing exit strategies for 20-30 years down the line in a lot of cases here.

Just wind the clock back to 1985 (30 years ago) and if a stacker THEN was in the same position as we are now, looking to exit his position in retirement in 2015

• There was no internet then
• No bullionvault/goldmoney
• No bailouts
• No multi trillion pound derivatives exposure
• Financial markets were still mostly all regulated
• No euro currency kicking about 
• A much smaller buyers market

We have seen what has happened and lunacy that has occurred even just since the crash of 2008 and the madness of decisions made and more to follow no doubt.

Stack yourself in folks it will be a bumpy ride for sure in the 20-30 years until you need to exit your position

• At that time we may be all speaking Russian/Chinese 
• We may be in the euro ourselves
• We maybe fiat paper trillionaires ourselves by then with the print print print race to the bottom mentality
• We may have been stripped of the rights to hold PMs
• We may be in Marxists socialist work camps to earn our carbon credits to get our right breath fresh air and earn fresh drinking water, like Peter Brabeck, chairman and former CEO of Nestle said In his view, citizens don’t have an automatic right to more than the water they require for mere “survival”, unless they can afford to pay for it.
• We might be giving people six fingered high-fives as a results of a nuclear fall out in any major financial hub like NYC or London or Frankfurt

...................Who knows ??

Adapt as the year pass , reassess your PM position annually

Even if you just bury your haul of Krugerrands in a sparse desolate moorland, buy a good GPS and hide the co-ordinates 

I'm pretty sure you'll be able to afford from the proceeds some party poppers & pomagne mock-champas to celebrate & toast how you stand in 30 year time from now - roll on 2045. (To think, my post count might be over x1000 by then, I might speak sense by then and I might have bought myself a new tinfoil hat ! ) :) 

Yeah this trend seems to be developing the past few months.  Might have to re-name us The Gold Forum

Speaking for myself, I'm married to silver but I'm having a secret affair with gold at the moment ;)

does anyone know the reason for our friday super spike in silver ?

Yeah January is always NO precious metals month for me  

I dont know why it is, but i have from April last year, I just need an hour or so out of my day to submit my self assessment and i put it off and put it off and put it off

I think every year bar none in the past ten year it has been submitted between the 20th and 31st on January

............Woosh ! nearly up 4% in past 24 hours

Normal routine has been resumed !!  

good call Cointreau

it is certainly a unique & visual piece  

but it is price, £10,648.56 / 300g = £35.4962 per g x 31.103 = £1104.03 per oz (!)

Current HGM stock £880 per coin @ 3% over

£10648 / £880 = 12oz of gold + £88 quid change

Would be a hard piece to move I would think, might only get melt for it which would be a great shame

Even if the price is up but you can buy below your average it is a win win.

Thanks SP ! In that case, I've just won the lottery then  !  :