HonestMoneyGoldSilver

I will take the remaining 2 please if still available

Are we keeping an eye on dealer prices? A tube of 2023 QEII brits from RM is currently £960 give or take and out of stock The cheapest silver coin at RM is roughly £37 inc VAT at current prices (2024 KCIII) A 10oz Britannia bar is £365 At BBP the prices are similar Atkinsons are a bit more reasonable at around £34.50 for the same coin (2024 KCIII) Chards and Tavex are bargains in comparison with £31.20 at Chards and £31.45 at Tavex (2024 KCIII) For things like older year ASEs the prices have officially hit the moon at £50+ I wonder if people are actually buying at these prices, they make eBay look cheap

Soon it will be 1984 Gold isn't doing too bad either!

If the gold price doesn't make you smile then maybe this will 💗

I was shocked by how tiny a sovereign is. The closest I've got to 1/10th is some 5g bars and those are tiny. It's all weird in money terms. I hate fractional but the market is heading that way, I need to buy some 1/10ths while the premiums are low I'm a big fan of S*****. It's so much less stressful to own (apart from milking) and when I move my stack it feels heavy, like it should be worth money. Go S***** 😁💪💪

Maybe. That looks like markets pricing in "higher for even longer" or "no cuts in 2024" along with "inflation is a b1tch" Gold and silver both outperform the 10-year Treasury over long horizons so if the 10-year is 4.63% then gold should be doing like 6-8% annually If real inflation is higher than Treasury yields then gold should do even better. Note should not will, not investment advice

Agreed but we're talking about timescales of decades and centuries. What do you think of this? It surprises many professional investors that gold has been the leading major asset class in the 21st century. It has beaten the US treasuries, US equities, developed market equities and emerging markets, even after accounting for dividends. $100 invested at the turn of the century has turned into $591

Interesting take: Is Silver About To Do A Cocoa? | ZeroHedge

I really hope so my friend. If gold doesn't react "as it should" to geopolitics, inflation and bond yields, then what's the point of holding it?

Up in Asia but slapped down when London opened. This is extremely troubling but the day and week are not yet over Let's have some optimism, eh? And from the LBMA of all places: The Rational Case For $7,000 Gold By 2030 | Alchemist | LBMA

For small amounts (< £50,000) try LV (Liverpool Victoria) insurance. They are the best one I came across, no stipulations that you need a floor safe, an Alsatian and 3 armed security guards to insure precious metals at home. For amounts over this you would be best advised to get a safety deposit box but remember you also need to get insurance on your safety deposit box!!

If we don't go up on Monday it's a disaster for gold IMHO The above from Dominic Frisby is interesting but I might disagree about some of the finer points. The western exchanges have become decoupled from the Asia-Pacific and non-western systems. I'm not sure the western paper markets are still the primary driving force behind global gold prices (they still dominate western markets). We will find out on Monday whether the tail (paper) is wagging the dog (physical) or vice-versa. For sure if gold dips on Monday it will be the most negative signal for gold I've witnessed as a stacker. The crypto market is a different beast. Apart from being a different asset class (100% digital, risk-ON) there's the ETF action which most believe has decoupled the halving cycle from the historical price action. The smart money is suggesting the price action in BTC has been front loaded by the ETFs and that BTC will actually dip after the halving, taking an early indicator from BTC cash (a different asset to BTC) as a precursor to what will happen with BTC. The strength or lack thereof in BTC drives the entire crypto market so an expectation that BTC will dip will cut the legs off the rest of the crypto market, with the wider crypto market being more volatile than BTC itself. That is precisely what we witnessed this weekend

The world's largest store of Plutonium is at Sellafield. It's owned by the NDA (Nuclear Decommissioning Authority) so you can't buy shares

It might add a few pennies to low cost electronics but the silver price is negligible compared with the price of an iPhone (0.34g of silver) or a laptop. It would affect solar panels (20g+ for an average 2m^2 panel) and EVs (a few ounces) but silver is not the primary cost driver in those technologies. The manufacturers can shrug off silver mooning but they can't shrug off oil, labour, shipping costs or regulation/taxation

Yes that would be Iran's worst nightmare if it's 3 mortal enemies - Israel, USA and Saudi Arabia - joined forces against them Don't forget to add some Vault-Tec 😁

BTC is a risk-ON asset Gold is a risk-OFF asset I'll take the blood pressure meds after this comment but BTC is not digital gold or anything close to it The crypto action over the weekend is concerning though from a gold POV as there has been a correlation between cryptos and metals of late. Metals haven't fallen as far or as fast as crypto (metals still up on the week as others have pointed out) What does Monday have in store for metals? Will metals follow crypto, exhibit risk-ON characteristics and have a big dip to mirror crypto, or will gold decouple from USD, interest rates and crypto? This is a litmus test for gold IMHO and will tell us whether the majority of the recent rally has been speculative paper action or long-term physical stacking. If gold drops significantly on Monday with all that's going on then the recent price action has been mostly a paper scam (gold acting like a risk-ON asset). If gold goes up on Monday/next week then physical gold is still the one true measuring stick of ultimate security and store of wealth, a risk-OFF asset, like it should be

Definitely looks like a bargain to me 👍

A small correction and it's tumbleweeds in here 😂 Look on the bright side - everything is heavy in the red today from the S&P (-1.6%) to BTC (-5%), except for oil (+0.45% currently). Gold only lost like 0.77%, it's fine. It's actually better because I chose neutral in @silversky's poll, which is the most important thing

I blame this guy

You must have seen me typing! Nice buy 👍

This was the kiss of death, my bad, apologies to all 🤷‍♂️

I'm not known for being bullish. My precious metals investment strategy is based on the AISC and the MINIMUM price it could be, not the maximum. Having said that, I'll be shocked if we haven't airmailed £24 by the close today

Screw £24 and $30 Let's go £30 by this time next week and $50 by the end of the month