HonestMoneyGoldSilver

Looks like the seasonal summer dip will be a thing this year unless:
1) The Chinese reverse their increased margin restrictions on the shiffy (SHFE)
2) European central banks start buying gold
3) Someone breaks out the AK47s
I'm tempted to stop buying metals until August but I've bought a few things this week and will most likely continue to DCA but dial it back a bit until the end of summer

It's a huge battle ground at the moment to get and close above that psychological number

As for our golden friend, it would be very useful if gold closed the week above £1833.50/$2300
There's a lot of support around this live price level ($2295/£1829) but if we close below $2270/£1808 that would be a negative

Markets are stupid but the CME has known cuts would be deferred for a while now.
At the end of 2023 and start of 2024 traders were expecting a cut on the 1st May. Every man and his dog was predicting the Fed would cut at least twice before the US election. The penultimate action saw those expectations deferred to November as the soonest month with a better than 60% chance of a rate cut.
The latest based on the news today is that the cuts will start in September due to the loosening of the job market and major corporations (like McDonald's) saying they can see the consumer slowdown amongst the lower and middle classes in their sales data. The joint mandate of the Fed is to keep inflation in range but also to strive for full employment (price stability and maximum employment)
CME FedWatch Tool - CME Group

Nope, they have a habit of double tapping themselves in the back of the head whilst their hands are tied behind their backs, all the while swinging from a tree by their necks. It's an amazing feet of dexterity and ability

Markets are stupid but the CME has known cuts would be deferred for a while now.
At the end of 2023 and start of 2024 traders were expecting a cut on the 1st May. Every man and his dog was predicting the Fed would cut at least twice before the US election. The penultimate action saw those expectations deferred to November as the soonest month with a better than 60% chance of a rate cut.
The latest based on the news today is that the cuts will start in September due to the loosening of the job market and major corporations (like McDonald's) saying they can see the consumer slowdown amongst the lower and middle classes in their sales data. The joint mandate of the Fed is to keep inflation in range but also to strive for full employment (price stability and maximum employment)
CME FedWatch Tool - CME Group

April Payrolls Debacle: Biggest Miss Since 2021 As Unemployment Rate Rises:
https://www.zerohedge.com/markets/april-payrolls-unexpectedly-plunge-biggest-miss-2021-unemployment-rate-rises

I can give you some basics but there are much better coin experts on TSF than me:
1) A sovereign is 7.998 grams of 91.7% gold (22 Karat), or an AGW (Actual Gold Weight) equivalent of 7.322g fine gold (999/9999 gold or 24 Karat). A sovereign = £1
2) A double sovereign is like the name suggests - double the gold weight of a regular sovereign and = £2
3) A modern Britannia coin is 99.99% gold (24 Karat). The AGW (Actual Gold Weight) is equivalent to the weight of the coin - e.g. a 1oz Britannia is 1oz of fine gold
4) Those are Troy Ounces (31.1035g) not metric ounces (28.35g)
5) The design can make a difference to the premium although premiums are generally more closely tied to scarcity than the subjective beauty of the design
6) For investment stacking you don't need to consider the design you should concentrate on AGW (Actual Gold Weight) and low premiums
7) In the UK an important component of stacking gold is CGT-exempt coins. CGT = Capital Gains Tax. Any coin produced by the Royal Mint that has a face value (£1, £2, £100, etc) is CGT-exempt. This means you can buy and sell an unlimited amount of these coins without having to declare your profit to HMRC - i.e. these coins are completely tax free, no taxable events take place when buying/selling as a private individual
8 ) Other gold coins like world gold and some coins produced by the Royal Mint may not be CGT-exempt, so taxes might be due on realised profits above the CGT threshold (currently £3000/tax year). There is a whole library on the HMRC website detailing which coins are and are not CGT-exempt. The simple rule is as above - sovereigns are CGT-exempt as is any coin with a face value. Note that gold bars, even Britannia gold bars produced by the Royal Mint, are not CGT-exempt
9) For pure investment purposes you want the lowest premium coins that are still highly liquid, CGT-exempt and recognised globally. By those 4 metrics the single best coin to stack is arguably the sovereign and the half-sovereign (half the AGW of a sovereign). Any other CGT-exempt coin like the Britannia is just as good as a sovereign if you can get a similar size at the same premium, however, the premium for the closest equivalent AGW Britannia (1/4 oz) tends to be slightly higher than the premium on sovereigns, but not always
10) In short for simplicity you want to stack sovereigns and 1/4oz Britannias. If you have a slightly larger budget then buying 1oz Britannias (or any other CGT-exempt coin) is a good option. The premiums on 1oz coins are slightly lower but the trade-off is it's harder to sell a 1oz gold coin than a 1/4oz gold coin or 1/10oz gold coin. The smaller the coin the more liquid (easy to sell) the coin becomes. For this reason the smaller coins (half-sovereigns, 1/10th ounce, 1/20th ounce) are becoming more popular as the price of gold increases
11) There are all sorts of pros and cons with regards collectible gold like "shield" sovereigns, scarce coins, world and historic gold, etc. Before buying these you should do your own research. It's possible that some collectible (numismatic) coins will end up as better investments than bullion (best value) coins but you need to understand the market before paying extra premiums for collectible or world gold coins
12) The same rules about CGT-exemption also apply to silver - i.e. silver coins produced by the Royal Mint with a face value (£2, £5, £10, etc) are CGT-exempt. For this reason most silver stackers in the UK have Britannias and other CGT-exempt coins as the cornerstone of their silver stack. The CGT thing is less of a problem with silver though. Feel free to buy some world silver coins like Perth Mint, Germania, KOMSCO, etc. The coins from those mints tend to be higher quality than modern Royal Mint silver coins and so keep their premiums better than Royal Mint coins - i.e. better for resale if/when the time comes to sell
13) Remember that investment gold is VAT-exempt in the UK whereas silver is not VAT-exempt. By default this makes gold a better investment choice in the UK than silver. Having said that you won't be paying VAT on silver on TSF, so buying silver here on The Silver Forum can be very attractive

Privet i dobro pozhalovat'!

Hello! Welcome to the forum. 
.....but can your stack make her do this ?  Asking for a friend 😆

Hi all, new member here. I’m new to the world of precious metals and have started to buy the odd gold coin as a way to hold a bit of physical money that will hopefully rise in value. Looking forward to learning more on here 😁

https://www.telegraph.co.uk/business/2024/05/02/gordon-brown-decision-to-sell-britain-gold-disastrous/
Hmm, western media telling their central banks to stack gold? The media recognising the value of gold and that rates will be as persistent as inflation?Whatever next?

Welcome @EternalStacker to the forum!
You have quite a taste for collecting things! whats your go to model car brand?
I hope this place provides to be a handy tool to you. Fantastic place for information, buying and selling! Also lots of other threads to dive down that could be of interest! I would recommend taking advantage of the £1 silver membership trail it finishes on the 19th.
You'll be able to see new sails listings as soon as they are live. Free members wait 3 days after listings are live before they can see them.
Best of luck in your metals journey!

Privet i dobro pozhalovat'!