Arisian

8 minutes ago, westminstrel said:

 

Which one of you tampered with the colour grading? 😏

What is the actual colour of the SotD - is it more yellow or tending towards rose gold?

unortunately the ipad doesn't allow me to change colour temp (that I can find) mine is possibly a bit anemic. it's more rose than yellow I would say.

On 05/05/2023 at 11:57, MintageSeller said:

Haha, no I think tsf is great but the prices i see people pay on reddit are significantly higher if verified seller. 

 

It's difficult to get anything, other than marginally above spot, past the TSF price police. 🙂

Yep I have 3 or 4 of the Albion half kilo bars, they get a 👍

18 hours ago, Sc391 said:

My 2 coin set is shipped and due next week🎉

Mine arrived today.

31 minutes ago, Frenchie said:

Anyway, If I don't have it at the end, I am  happy as I have been lucky to secure a more reasonnable SOTD on  tuesday (incredible as I was in the 40000s in the queue...the difference with other was maybe that I have been able to pay without a glitch

I don’t think there were 40000 “people” in the queue. I think most people had their computer, laptop, phone, tablet, partners phone all on the website hoping to get a low lottery number on one of the screens. 

https://www.silvertrader.uk/product/2023-australian-wedge-tailed-eagle-1-oz-silver-bullion-coin/

I randonly went on the Britannia Coin Company website this morning and found a 1KG SIlver Coronation available - so bagged it. It was top of my wanted list yesterday but it didn't make it to the RM website. They still had other stuff in stock this morning.

2 minutes ago, Jake0111 said:

I didnt think they would have started shipping till after the 8th 

It’s a Silver 1oz…. I would have been somewhat surprised if it had been the Sovereign 😆

Someone working late at the Mint tonight. Just had notification one of the coins I bought today is on it’s way. 🤯

As I sent you some money 15 minutes ago, assuming I can pay with the same details?

Thank you I’ll take it 😀

14 minutes ago, Spyder said:

This is absolute bargain at £400 per Sov equivalent and it a proof set. Why is still not sold?

I can say yes to buying it, just wanted confirmation of the coins. 😃

Can I confirm it’s a 5, 2, 1, .5 and .25 coins please?

If it’s still available I’ll take it thank you. PM me your details.

Great advice from everyone - thank you.

I don't hear anyone say buy it :-) 

Often I do hear pundits say "buy the best coin you can" - but I guess that tends to be in the numismatic areana. 

Ok I'll stick to the 1oz Coronation if I can get one and consider my choices from there. I'll report back.

Again thank you to eveyone who spent time to comment.

2 minutes ago, flyingveepixie said:

Me too!   There are obviously a fair amount of wealthy folk out there who could consider buying a £14000 lump of gold if, or when, the time to resell comes along, but if you were to buy 35 sovereigns instead at approx £400 each, they would be a lot easier to shift in the future.   I'd go with Caz's advice....🤔

Yep I can see the sense in that. 😬

7 minutes ago, CazLikesCoins said:

In ten years whatever you buy will have probably tripled in value and a 10oz lump of gold will be hard to shift short of bullion dealers. Do you really want to be stuck with that when you could have diversified into smaller denominations making it easier for you to sell, split, and transport? Also consider storage. Is this an eggs in one basket approach or will you be using numerous secure storage locations? £14000 isn't a massive amount in terms of gold acquisition but its still substantial and needs looking after safety. If it were me, full sovereigns. Factor in secure storage, easily £100 + annually. It's a nice amount of money to play with but as I mentioned if it were me sovereigns all the way.*

*All of this waffle was brought to you by my opinion, which is often not worth listening to  

Those are great points Caz, thank you. Offsite secure storage is already in action and I don’t keep anything at home. But your other point is really the crux of the matter. My heart says I want to own and enjoy a once in a lifetime piece, but my head reflects what you say and thinks bullion has a lot of exit advantages but is somewhat boring.

1 hour ago, Chorlton said:

Worth considering how and when you would sell whatever you may decide to invest in. Any sudden sale for various reasons could cost you a fair amount of loss in the price to sell quickly or mean you have to sell when prices are lower.

Thank you for point, Yes I have thought of exit strategy and although I said 10 years the expectation is It’ll be the next generation that has the pleasure of selling it. I’m fortunate enough to have enough liquidity elsewhere in my portfolio that I don’t expect the need to sell - but never say never right! Essentially this money is profit taking from the BullionVault account. 
I put some extra money in 5 or 6 weeks back and just caught the rise quite nicely. Taking the profit out and putting it into physical seems like a sensible diversification to reduce the 3rd party BullionVault risk. But which physical is the question.

there is also a taxation issue with CGT, putting it into legal tender will help with that, especially with the CGT limit going to £3000 next year.

Yes I’ve been buying Silver and Gold since 2011 so have acquired a little knowledge along the way. Most of my metal investments are held in BullionVault and I’ve been moving a small amount out of BullionVault into physical, mainly for the pleasure of actually owning beautiful things. 
so my reason for buying the 5oz would be primarily for the pleasure of buying a rare thing of beauty. But I just need to pinch myself first to make sure this isn’t a really bad idea and would I just be better off leaving it in BullionVault or buying physical bullion.

I don’t mind if it’s not the best investment return, for the exchange of enjoyment in ownership. Just so long as it’s unlikely to be a real dog.

With the approach of the Coronation sale from the Royal Mint I’m trying to decide on my buying strategy.

While I realise it’s going to be very difficult, if not impossible, to get a hold of one of the 2oz or 5oz Gold coins I’m wondering if I should try?

OR

Rather than spending £13-14000 on a 5oz Proof coin, would I be better advised to put that money into Bullion Brittanias which would buy about 8oz?

I’m looking at a 10 year investment period.

I’m very much interested in the wisdom of the crowd on this.

Moved to Gold

1 minute ago, HonestMoneyGoldSilver said:

@Arisian - I've been banging on about AISC since my first post on TSF: 

I believe the current average AISC for the major silver mines is $18/oz and that this floor is currently rising

1. Pan American Silver Corp (PAAS, Canada, Latin America) - $17.97/oz (+ 10% YoY)
2. SSR Mining Corp (SSRM, Turkey) - $15.91/oz (+29% YoY)
3. Hecla Mining Company (HL, United States) - $14.20/oz (+11% YoY)
4. Fortuna Silver Mines Inc (FVI, Canada, Latin America, Burkina Faso) - $14.46/oz (-8.8% YoY)
5. Endeavour Silver Corp (EXK, Mexico) - $20.27/oz (+16% YoY)

Average AISC for those companies (Q3 2022) is $16.56. It seems obvious that as AISC goes up (which is the way it's trending with inflation, energy, labour, finance, ESG, etc) or down, that this would correlate strongly with the spot price of these metals, although this relationship is perhaps not as robust as one might expect. Regardless, if the spot price goes below the AISC, the mines will reduce or stop production as you can't run a business indefinitely that is unsustainable/unprofitable. It is my hypothesis that the absolute bottom of the market for silver was/is $18/oz and that it's unlikely to remain below $20/oz never mind $18

I would agree with everything you said, it could dip below$18, but once productions stops it'll rebound pretty quickly.