HonestMoneyGoldSilver

Silver at £100/oz they can piss right off

The Lion and The Eagle | The Royal Mint

No doubt it's a spectacular coin but I'd like to see a high premium Germania product that has doubled in price relative to RRP. Let's say this one is £260 RRP, who will pay £500 for 2oz of silver? Perhaps it might be possible to get that price flipping on eBay within a short window after the release date if they're all sold out elsewhere, but what about next year or 5 years from now? Will that premium hold or go up?

For items like the Fenrir with gold, ruthenium and the flashlight, how have those done? No doubt a spectacular coin, it's very Game Of Thrones, but they're still in stock with authorised distributors, reduced in price, and the secondary market just isn't interested paying those premiums for that coin. The same is true of the regular Fenrir, they can't be sold for RRP

What coin did you buy for €200 that you were able to sell for €900 and when did you sell it relative to the release date? 

Seems highly speculative to me to pay that sort of premium for silver when you could get a really high-grade sovereign for the same price or a regular sov and a night on the town for the same price. If silver moons the ultra high premiums will melt anyway so I think you hit the nail on the head when you called it an "art piece" or "artwork". Yep, that's exactly what it is, it's not a precious metals investment IMHO

I have an idea that might work

Get all the buyers on TSF, list the items. If you have 100 Britannias then limit them to 25 coins/one tube per person per hour

The same person could still buy all 100 coins but at least there would be a chance some coins were available for a period of 3+ hours rather than selling out in 5 minutes

If for whatever reason 25 coins are not sold in the first hour you could up the limit to 2 tubes per person in the 2nd hour, 3 tubes person in the 3rd hour, etc

If it's done on TSF then people can comment in the sales thread and the buyers can see which username is getting which coins and when they are bought. Of course you could still sell all 100 coins in the first minute but to 4 different people

To be fair to yourself you should probably put in a minimum purchase of 5 or 10 coins

The bigger buyers shouldn't be upset as it's possible they can still buy all the coins they want. The smaller buyers should be happier as they have more of a chance to get some coins. The original seller and the intermediary (BYB) should also be satisfied as if demand is there the coins will still sell out on the same day within minutes or 3-4 hours

To be extra fair you could have set times for when these listings would go live like 12pm, 6pm, or whatever suits your schedule

It doesn't bother me and you did generously offer to hold some Maples for me once, but I've missed out on your deals via email/website and on TSF on several occasions. That's just how the cookie crumbles sometimes, the same thing happens to some extent with every other seller who has a limited quantity of attractively-priced items

You do some great business, GLWS sir!

Some lovely items. Are these your personal stack? 

I wholeheartedly agree with the security features and how good the "humble" Britannia is. Take away the milk spots on silver Brits and they would be amazing coins

As for shrinkflation and 1oz gold being too big, hmm, I disagree. I don't like small gold coins, you can't see the fine detail without stressing your eyeballs. For me a sov or 1/4oz is as small as I go, you've just said the same yourself as I type

If you're talking about £2,000/oz gold and unaffordability, well, that would apply to everything in the economy, right? What about numismatics? Over the last decade gold (-0.53% per annum) and silver (-4.89%/annum) have not outperformed inflation. Gold and silver should be more expensive today and it's likely both will revert to normal (mean reversion) over the next decade to reflect price action over the last century or at least since 1971 - i.e. gold and silver will increase in value faster than inflation, especially in a tightening monetary environment

That would make 1oz gold (or numismatics) more unaffordable but the relative unaffordability (assuming mean reversion) will only be 2-5%/annum above inflation. If we keep getting poorer then yes, over multiple decades gold will keep getting more and more unaffordable for the masses but there's a caveat - the masses do NOT buy physical gold and silver in the UK. Less than 1% of the population hold physical gold. Silver (assuming mean reversion) will accelerate in price faster than gold over the next 10-20 years but regardless, if you're talking about a luxury item (gold) that is bought by < 1% of the population and that is heavily weighted towards middle, upper-middle and upper-class households/institutions, then marginal price gains in gold relative to inflation would be meaningless to a significant portion of the population that currently own significant gold holdings

I buy a fair bit of silver on eBay, auctions that are going for under market value. I've bought coins under spot

I wouldn't buy any expensive item on eBay and definitely not gold

Hmm, interesting if somewhat concerning

With gold there is no reason why a bank should have an issue buying or selling. Gold is the only Tier 1 asset in the world alongside USD and US Treasuries. Would the bank have a problem with you buying USD or Treasuries? One suspects not

I'm more than a little suspicious when banks start interfering in gold purchases when previously they didn't. Not just for private sales or eBay but for registered bullion dealers and the oldest company in the UK - the Royal Mint. What possible reason has a bank to interfere in those trades? No legitimate reason. Are we supposed to believe that after more than 1,000 years the Royal Mint has suddenly decided to try its hand at fraud?

If anything videos like this and the previous ones you've released have done nothing but encourage me to buy more gold. If my banks want to shut my accounts for buying precious metals they can go right ahead. I'll drain every penny and go buy more. I hate crypto but I'll use crypto before I let criminal banksters dictate to me what I can and cannot buy

I would have guessed Bullionbypost if not for the low turnover figures

Anyone who overcharges by an egregious amount is committing a morally reprehensible act. Nobody would say BBP are committing fraud by listing a product at £375 than can be bought at other dealers for £250 but in effect it's the same as the story you just told

The gentleman bought that 1 kilo James Bond coin and let's say it's worth the RRP of £65K. If he was charged £90K for it then as a % that's actually less of a mark-up than many items currently on sale at BBP. What makes it stand out is the magnitude of the figure, being over-charged by £25K on a single item

If you shopped exclusively at BBP, "The UK's #1 online bullion dealer", over several years buying gold and in particular silver, you would get ripped off by an even greater sum in both magnitude and mark up

If you're saying that gentleman got ripped off by the unnamed company then what are BBP doing? It's also legalised fraud IMHO. The guys at BBP offer a slick service but with margins as high as theirs they could hand deliver their items on a silver platter and still make a killing

"Legitimate reason"

OK you will label me a conspiracy nut but a "legitimate reason" like the one given to Nigel Farage? Like those given to the English vicar? Like those given to the Christian charities? Those reasons are claimed as being "legitimate" but it's quite obviously suppression of freedom of expression. And that's not me saying that, for once I find myself on the same page as Jeremy Hunt (the Chancellor of the UK) and Rishi Sunak (the Prime Minister of the UK)

You mentioned Nigel Farage in that other video IIRC so perhaps that's why you got a number of people expressing some interesting views

Very suspicious "the algorithm" won't let you buy gold and silver

I'm sure they'd let you spend it at HMRC or Amazon!

The dude was hammering so fast he entered The Matrix

From Pressburg:

Maltese Cross:- €26.67

Equilibrium:- €27.50

Icon:- €30.83

The Icon are more expensive due to being "Proof-Like" whereas the other two are described as "bullion". I bought the Icon coins on TSF for IIRC £26 inc delivery and quite enjoy them. None of them are perfect. Like you said the obverse of the Equilibrium lets it down a bit, the Maltese Cross could be "busier" and the Icon is both plain obverse and could be more intricate. I think you did the scores pretty well. I would give both the Maltese Cross and the Equilibrium 9/10 and the Icon 7/10 based on desirability/value. If they were all the same price I'd give the Icon 8.5/10 and my preference would be for the Equilibrium with both it and the Maltese getting 9/10. I'm not sure if Pressburg is pricing wrong but I'm told the prices I quoted above are inclusive of VAT. I'll update if this is actually the price I paid when they arrive at my door:

OK you sold me

@Panda6Pack something you can do maybe?

I'm curious about numismatics in general. Are you guys buying to flip or buying to collect? I enjoyed your video even though I have no interest in numismatics, subbed on YouTube 🙂