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Anteater

Silver Premium Member
  • Posts

    340
  • Joined

  • Last visited

  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Haha
    Anteater got a reaction from BigSid in Today I Received.....   
    You've been waiting 130 years for your Christmas pud?
  2. Like
    Anteater reacted to codenamedtango in Bristol Bullion   
    I can’t speak from experience as I’ve never been to them, but, I think they’re part of something bigger.
    I knew I recognised a couple of the videos they have on their website.. It’s the same as the Nottingham one.
    https://nottinghambullion.co.uk
  3. Haha
    Anteater got a reaction from MrStacker in Today I Received.....   
    You've been waiting 130 years for your Christmas pud?
  4. Like
    Anteater got a reaction from Midasfrog in Queens Beasts, a good time to sell?   
    Some potential reasons come to mind:
    - most people who are collecting a set already have some;
    - for many people the hunt itself is part of the attraction; and
    - buying a whole set at once is harder on the budget.
  5. Like
    Anteater got a reaction from steve1905 in Today I Received.....   
    You've been waiting 130 years for your Christmas pud?
  6. Haha
    Anteater got a reaction from Mtaybar in Today I Received.....   
    You've been waiting 130 years for your Christmas pud?
  7. Haha
    Anteater got a reaction from Charliemouse in Today I Received.....   
    You've been waiting 130 years for your Christmas pud?
  8. Like
    Anteater got a reaction from kimchi in Intrinsic value of bronze & copper coinage.   
    The fact that some old coins would cost more to produce (if produced today) than their face value doesn't necessarily mean that there is money to be made by melting them down, refining them and selling the metals to the market at spot. That whole process takes time, equipment, energy, etc.
    You might think that at some point people will start to think that these coins are actually worth more than face value due to their metals and start trading them at above face value like we currently do with bullion coins. I don't see this happening any time soon because, for the reasons given by other posters above, I don't expect stacking copper etc to become popular (certainly not on an amount-of-value-stacked basis).
    My guess is if you stack old copper coins with below-spot face value you probably won't lose money but it probably isn't a good use of time, money, storage space, etc that could be better used for other things (opportunity costs).
  9. Like
    Anteater got a reaction from Scootermuppet in Buying gold coin   
    To answer the original question...
    Is it worth buying? The coin is a well-known coin from a well-respected mint, so if you want a gold coin that is a decent one. Whether it's the best for you is another question. Are you taking physical possession of it or are you buying it with storage/vaulted? (Vaulting/storage is a whole other subject.)
    Will it go up in price? No-one can reliably predict the market better than current sentiment and if they could they'd be making tons of money in finance instead of giving away the information for free on a forum. In the long run it will likely rise in price as denominated in most currencies due to inflation.
  10. Like
    Anteater got a reaction from ZRPMs in Intrinsic value of bronze & copper coinage.   
    The fact that some old coins would cost more to produce (if produced today) than their face value doesn't necessarily mean that there is money to be made by melting them down, refining them and selling the metals to the market at spot. That whole process takes time, equipment, energy, etc.
    You might think that at some point people will start to think that these coins are actually worth more than face value due to their metals and start trading them at above face value like we currently do with bullion coins. I don't see this happening any time soon because, for the reasons given by other posters above, I don't expect stacking copper etc to become popular (certainly not on an amount-of-value-stacked basis).
    My guess is if you stack old copper coins with below-spot face value you probably won't lose money but it probably isn't a good use of time, money, storage space, etc that could be better used for other things (opportunity costs).
  11. Thanks
    Anteater got a reaction from AaaGee in Worth buying for investment purposes?   
    Probably not as bad as some, but still more in the 'advertise high-priced "collectables" to people who don't know what they're buying' market. Also note they're not a mint - "London Mint Office" might sound somewhat official but they're basically just a retailer.
  12. Like
    Anteater got a reaction from Divmad in Worth buying for investment purposes?   
    TBH the fact that the URL has "londonmintoffice" in it is a clue in itself
  13. Haha
    Anteater got a reaction from MonkeysUncle in Worth buying for investment purposes?   
    TBH the fact that the URL has "londonmintoffice" in it is a clue in itself
  14. Like
    Anteater got a reaction from AaaGee in Worth buying for investment purposes?   
    TBH the fact that the URL has "londonmintoffice" in it is a clue in itself
  15. Like
    Anteater reacted to LawrenceChard in Buying gold coin   
    The filename is "1-4tigercoinfront.webp", which seems to indicate that it is an image of a 1/4 (quarter) ounce gold lunar tiger, however it shows the reverse or back side, rather than the front side, so I would further conclude that the dealer in question, Gold Secure Bullion does not know much about coins, or care whether its website is accurate and informative.
    The obverse images it uses has the filename "1-4-tiger-coin-back.webp", and is indeed the front (obverse) side and states itself to be a 1/4 ounce 25 Dollars.
     
    We all hope you did not buy the image.
    Sure, but which size and weight?
    All sensible questions and suggestions.
    Almost impossible to answer otherwise, unless we know which size and weight of coin, and at what premium.
     
     
     
    An excellent question, still unanswered by the OP.
    Which / what?
    But you asked opinions, and people have tried to provide them, but need further information if they are to give any meaningful answers.
     
    Most are trying to be helpful, but finding it hard work.
    @harry12, if you are still there, please tell us which size and weight of coin you are askiing about.
    I think most people responding have assumed it is the one ounce version, but you have not said which.
    I notice that Gold Secure Bullion does not list thew one ounce version on its website.
    Curiously I notice that it uses the same pairing or obverse and reverse images of a quarter ounce coin on all three of its 2022 gold lunar tiger pages, which are for 1/10th ounce, 1/4 ounce, and 1/2 ounce versions. Very lazy, and possible misleading.
    To be able to anwer your questions, people would need to know which coin you bought, and what price and / or premium you paid.
    You have failed to state this, even after gentle nudges, so I inserted the values into a speadsheet, including Gold Secure Bullion's curent prices:
    I inserted the current spot gold price in AU$ into a spreadsheet.
    Spot Gold AU$ Weight Intrinsic GSB Price Ratio Premium Premium % 2717.38 1 2717.38 ? #VALUE! #VALUE! #VALUE! 2717.38 0.5 1358.69 1495.37 1.10 0.10 10.06 2717.38 0.25 679.35 795.26 1.17 0.17 17.06 2717.38 0.1 271.74 361.61 1.33 0.33 33.07 The premium would almost certainly have been lower, probably around 5%, on a one ounce coin, which would be better value.
    It may be worth the OP reading this:
    https://www.chards.co.uk/blog/advice-guide-for-uk-bullion-investors/1041
    Even though it is titled "Advice Guide for UK Bullion Investors", it still contains much useful and relevant information for Australian, Pakistani, or other nationalities.
    (Assuming they bother to read it).
    😎
     
  16. Like
    Anteater got a reaction from ZRPMs in Strategy, I don't like Silver, am I wrong?   
    This makes sense and I guess value for bullion is fairly easy to establish (harder for numismatics). I guess you'd just keep the message history/logs as records?
  17. Like
    Anteater got a reaction from ZRPMs in Gold Monitoring Thread £ GBP only   
    I'm not an expert but there are a few factors at play here. One is that with a "normal" platform you are the beneficial owner (?) of allocated shares whereas any platform that offers fractional shares by necessity is doing something else and may place you in a different position if, say, the platform goes bust.
    A separate factor is that a lot of these newer platforms provide easy access to margin and derivatives (including options). These can be difficult to understand properly and very risky. I am reminded of a post on Reddit where someone thought they had set up (I think) options trades with limit orders to limit their downside, had their limit orders execute, and were surprised to somehow still make a large gain. It turned out that their limit orders weren't really protecting them due to differences in market opening times for different instruments and they could just as easily have lost a fortune.
    Another issue is that I believe a lot of these platforms cut costs by selling on your trading data to HFTs/etc. If you're a buy-and-hold investor this likely won't affect you too much but fundamentally it isn't a free lunch.
  18. Like
    Anteater reacted to ZRPMs in Strategy, I don't like Silver, am I wrong?   
    When bartering, both parties should assign a value to their item/ items. Usually both parties end up having a similar value for their goods. It's then up to the individuals to then declare to HMRC the value they had for their item. Any increase then on CGT exempt items would not be included in your capital gains for that tax year. However, non CGT exempt bullion, Any increase would be included and would be taken from your allowance. Care has to be taken that the value that is assigned is reflective of the market value should the items have been sold instead of swapped or exchanged.
    Not a tax expert or adviser. This is only how I understand it. I could be wrong, But I have asked the question in the past and its how the accountant explained it to me. Please do your own research as things change and my understanding may be at fault.
  19. Like
    Anteater got a reaction from ant1882 in Gold Monitoring Thread £ GBP only   
    I'm not an expert but there are a few factors at play here. One is that with a "normal" platform you are the beneficial owner (?) of allocated shares whereas any platform that offers fractional shares by necessity is doing something else and may place you in a different position if, say, the platform goes bust.
    A separate factor is that a lot of these newer platforms provide easy access to margin and derivatives (including options). These can be difficult to understand properly and very risky. I am reminded of a post on Reddit where someone thought they had set up (I think) options trades with limit orders to limit their downside, had their limit orders execute, and were surprised to somehow still make a large gain. It turned out that their limit orders weren't really protecting them due to differences in market opening times for different instruments and they could just as easily have lost a fortune.
    Another issue is that I believe a lot of these platforms cut costs by selling on your trading data to HFTs/etc. If you're a buy-and-hold investor this likely won't affect you too much but fundamentally it isn't a free lunch.
  20. Like
    Anteater reacted to LawrenceChard in Strategy, I don't like Silver, am I wrong?   
    Most people seem to misunderstand the CGT rules on coins, and misquote them or omit parts.
    CGT – Capital Gains Tax
    Most British legal tender coins are exempt from UK capital gains tax, so it may be worth larger investors paying slightly higher premiums when buying. Other coins and bars are not exempt from CGT, but this might not matter for many smaller investors. 
    This includes platinum, and base metal coins, not just silver and gold ones.
    This guide is comprehensive, even though it mentions gold in its title, but might still benefit from further review:
    https://www.chards.co.uk/blog/capital-gains-tax-on-gold-and-silver-bullion/4
    Of course, you can read the HMRC website if you prefer a real challenge!
    😎
  21. Like
    Anteater got a reaction from Fenlander1 in Buying gold coin   
    To answer the original question...
    Is it worth buying? The coin is a well-known coin from a well-respected mint, so if you want a gold coin that is a decent one. Whether it's the best for you is another question. Are you taking physical possession of it or are you buying it with storage/vaulted? (Vaulting/storage is a whole other subject.)
    Will it go up in price? No-one can reliably predict the market better than current sentiment and if they could they'd be making tons of money in finance instead of giving away the information for free on a forum. In the long run it will likely rise in price as denominated in most currencies due to inflation.
  22. Like
    Anteater got a reaction from AaaGee in Buying gold coin   
    To answer the original question...
    Is it worth buying? The coin is a well-known coin from a well-respected mint, so if you want a gold coin that is a decent one. Whether it's the best for you is another question. Are you taking physical possession of it or are you buying it with storage/vaulted? (Vaulting/storage is a whole other subject.)
    Will it go up in price? No-one can reliably predict the market better than current sentiment and if they could they'd be making tons of money in finance instead of giving away the information for free on a forum. In the long run it will likely rise in price as denominated in most currencies due to inflation.
  23. Like
    Anteater got a reaction from harry12 in Buying gold coin   
    To answer the original question...
    Is it worth buying? The coin is a well-known coin from a well-respected mint, so if you want a gold coin that is a decent one. Whether it's the best for you is another question. Are you taking physical possession of it or are you buying it with storage/vaulted? (Vaulting/storage is a whole other subject.)
    Will it go up in price? No-one can reliably predict the market better than current sentiment and if they could they'd be making tons of money in finance instead of giving away the information for free on a forum. In the long run it will likely rise in price as denominated in most currencies due to inflation.
  24. Like
    Anteater reacted to James32 in Postal strike stopping you buying ?   
    If buying, I'd ask seller to delay postage till the new year.
    Is selling, I'd most certainly wait till the new year to post ( obviously agree this with buyer)
    Whilst the strikes have been ongoing for months, December had an awful lot close together causing a severe backlog. 
  25. Like
    Anteater got a reaction from AaaGee in Postal strike stopping you buying ?   
    I've just received the last outstanding item that was in transit to me. Not expecting anything else until the new year.
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