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Anteater

Silver Premium Member
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Everything posted by Anteater

  1. Thanks. The coins don't roll off those to the side? (I guess I could modify them to stop that if necessary...)
  2. Can anyone recommend display stands for 10oz silver coins (in capsules)? I've been looking for something like this but big enough for a 10oz silver coin in a capsule: https://amzn.eu/d/g0gSKcJ I haven't been able to find anything appropriate. I have tried a plate stand like this that I found lying around: https://amzn.eu/d/3tHPZqP While it kinda worked the coin was too thick to fit into the bottom properly and the whole thing was a bit too flimsy for the weight.
  3. There are always more problems with their time travel products.
  4. If you're stacking (not collecting) gold coins for gold value (not numi value) in the UK then I don't really see the argument for buying anything except Brits, Sovs and Krugs (and the fractional versions of them). Brits and Sovs are both CGT exempt and are highly liquid in the UK. Sovs allow you to buy a smaller amount without paying quite so much premium as on 1/4 Brits (and allow you do go smaller with fractional Sovs). I think the 9999 Brits are likely to be rather more liquid if you end up disposing of them outside of the parts of the world in which Sovs are common, as they're "standard" (for most of the world) weights and also state the gold content and purity on them. Also, again if you might dispose of them in another part of the world, in many places there are tax and market desire advantages to 999+ gold over 22ct. (2013 and after Brits are 9999/~24ct.) I also particularly like the security features on 2021+ Brits as they might make it easier to convince someone else that they're genuine, particularly in a face to face deal. (But I haven't tested that theory.) Krugs also seem to be fairly liquid in the UK and are widely known around the world. I mostly include them because you can likely buy them for a lower premium compared to Brits or Sovs. But they don't have CGT exemption and are 22ct. Most of the other options are worse in terms of premium and/or liquidity in the UK (at least, if you want to retain some of the premium). I'm waiting for someone to argue with me but unless you particularly expect to dispose of the coins somewhere else in particular (eg North America which prefers Eagles, Buffalos and Maples) I don't really see the point in pursuing them. (Though if it's definitely genuine and the price is low enough then I guess any gold is a good buy...)
  5. This is quite important, given that up to 2012 were 22ct whereas 2013 onwards are 24ct, so it wouldn't be surprising if there was a colour difference...
  6. Bitcoin isn't, and isn't intended to be, untraceable. Every transaction on the blockchain is public, forever. Every fractional coin can be traced through every transaction and wallet. It is pseudoanonymous in that you can have a wallet without anyone knowing it's yours, like an old-style numbered Swiss bank account where the bank doesn't have your details. But the pseudoanonymity of wallets can be breached because while the protocol and cryptography is probably good, things like transactions/behaviour or your device being breached (or seized) can reveal ownership information.
  7. Gulf Gold Refinery Better image: https://www.lancashire.police.uk/media/1346568/ajb6072138-image-of-cash-and-gold-ingot-dated-080218.jpg
  8. Anteater

    The Krugerrand

    Me too. I have a couple and I kinda want to sell them and replace with more 2021+ Brits (it's nice to see them all looking the same, and with the gold content stated, security features, etc). But I do like the fact that the Krugs make me feel just a little like an international crime-boss.
  9. Is it significantly more advantageous to import gold into Ireland from Germany than from the UK (tax etc)? I ask because there have been a few Krugs for sale here on the forum recently for less than that (1819 EUR ~= £1612 currently). If importing from the UK works for you and you're happy to consider buying from a forum member rather than a dealer (or perhaps use BYB's intermediary service if he's happy to send outside of the UK) then perhaps consider getting a Silver Premium Membership and looking out for one here on the forum.
  10. Another point about recent (generally 2021 onwards) Britannias is that they have security features that might give you extra confidence (although, as James32 says, the key point is buying from a reputable source). There are many videos on Youtube which cover this if you search for something like "Gold Britannia security features". Edit: maybe try this one:
  11. I think it's more to do with high demand and mints being constrained by their production capacity than them having inside info on the future of gold spot prices. (Maybe also energy prices and other increased production costs.)
  12. Yeah, do it to all your bullion; you'll make a fortune!
  13. Are those the "this used to be a coin until someone out a hole in it" keyrings?
  14. @SilverDrum has a 2022 sov up for £400+post. That's a little more expensive than Chard's random year minty sovs, but might fall within "reasonable" for you? I suppose it depends how much you want to buy but it might be worth getting a "Silver Premium" account here so you can see the deals as they come up? Obviously there's a different risk profile with buying from a forum member rather than an established dealer and that's something you have to account for too.
  15. (Comment deleted. Attempted joke didn't make sense.)
  16. I'm going with Occam's Razor here. Most major governments seem to be improving the security of their bullion (the US's rather unimpressive missing reeds not withstanding) and if they were trying to discourage bullion there would be a lot of other things they could do (not minting it, to begin with). Plus if we're talking apocalypse then I'm not convinced that bullion will be a means of exchange nor that any remaining government would care. (For someone to accept bullion for, say, food, they need to have confidence that they will later be able to exchange that bullion for something else that they want. That doesn't seem likely under apocalyptic conditions.) And, conversely, given the apparent increase in consumer demand for bullion plus the increase in new buyers that seems to have happened, it would make sense for there to be more fakes created and more effort put into creating them, no conspiracy required.
  17. I'd just tell them no thanks. It's not like another bank will necessarily be any better.
  18. Anteater

    Gold Premiums

    Mostly from watching Youtube videos I think there are two (similar but different) common uses of the word "fractional" for gold (so far as stackers are concerned, at least): a. anything smaller than 1ozt; and b. simple fractions of 1ozt (so excluding sovereigns, ECU, etc).
  19. It's basically an opportunity for the bank to get marketing info and to sell you stuff. Unless you're really clueless I'd stick with https://old.reddit.com/r/ukpersonalfinance for any sub-IFA help (read the flowchart there first). And if you do want an IFA I'd stick with fee-only ones. But even the fee-only ones all seem to want an ongoing percentage for managing your money rather than just charging a sensible rate for advice.
  20. Yeah, "MintShield" won't be in the patents themselves. Searching for "Royal Canadian Mint" at https://www.ic.gc.ca/opic-cipo/cpd/eng/search/basic.html returns quite a lot of result but I haven't looked through them (yet). Trying to work out which patents might be relevant may be difficult.
  21. It generally isn't, though. Even if we assume you're buying new at £32/ozt that's 62% premium, which is a lot but well under 100%. Copper at £150/5kg is a 333% premium (using @ShineyMagpie's copper spot value above), a factor of ~5.4x compared to the premium on silver. So while silver premium is high it's not even close to that premium on copper (and that with a higher min spend as presumably premium on small copper rounds/bars would be higher). If we build 20% VAT on spot value into the comparison (which you might want to do if you're assuming that any sale of PMs would be to people who want bullion and would have to pay VAT on new bullion) then it's 34% on silver vs 261% on copper, a factor of ~7.7x. (Now I'll wait for someone to point out all the silly errors in my numbers given how late in the evening it is...)
  22. He paid £150 for it, so it's mostly premium rather than metal. While that does increase the value density, excepting an highly unrealistic rise in copper prices, it's not really a metals investment so much as a collectibles investment. (And if that unrealistic rise does happen I'm sure there are more efficient ways of obtaining exposure to it.) So far as a collectible goes there is only one recent UK sale of a similar bar (Geiger 5kg copper) on eBay, at a price slightly higher than he paid (£155 plus post vs £150 inc post). (It's important to look at sold items, not just asking prices.) So he might be able to flip it for a small profit but it's such a small market that reliably estimating value on it is hard.
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