17RSB

@Auronum Can i have one please

Thanks

@JamesH - did any of the winning bidders take the unsold shield? I would be interested if not

3 - £457 please

3 - £455 please

£20

22 minutes ago, James32 said:

It's not a 1/4oz , but a memorial sovereign. 

Ah makes sense now

Hi can you send photos of the 1/4oz gold memorial please

Thanks

1 minute ago, artalien said:

All now under offers. Sorry.

Sorry mate just had a trade offer if it falls through you are up. Apologies.

No worries thanks for the update 

Can i take the full sov if still available please

What a beautiful coin - GLWS

Welcome to the forum mate

Wheres best to get a sigma verifier from?

31 minutes ago, Petra said:

Atkinsons is £399.12 and free postage (as usual)🤔😮

Ah even better thanks 

Just seen Bleyer Bullion have got it at £402 inc delivery. Seems to be the cheapest for pre order

7 minutes ago, Silverlocks said:

This ^^^^^^

1oz Krugerrands made sense in the 1970s when gold was relatively much cheaper, and it doesn't necessarily hurt to have some 1oz coins in your stack as long as you don't overpay for them, but . . .

You may have heard a term 'exit strategy'.  This is just a fancy way of saying 'how am I going to flog my gold if I need to raise some cash?'.  Broadly, there are two approaches to this:

1. Sell back to a dealer.  This will give you the lowest return, but is convenient.  In this case, larger items like 1 oz Brits or Krugerrands make some sense, as the spreads will be a bit lower overall.  Still, I suggest you still don't buy individual items bigger than 1 oz for various reasons, not the least of which being that RMSD only insures up to £2,500, and courier services that will insure bullion are significantly more expensive.
2. Sell on the secondary market.  This will give you a better return, but you have to pay attention to the liquidity of the items - i.e., how easy are they to sell.  In this case, smaller items like sovereigns or 1/4oz coins are much easier to shift than 1oz coins as there are far more people who can afford one or two sovs than can afford £1,600+ for a 1oz coin.  I've seen folks rock up here with 50 or 100 sovs and flog them all in days or even hours.  The market is a bit slow at the moment, but people will still buy sovereigns.

I suggest you do a bit of homework about this and then work out what you want to buy.  If you get into sovs, you will likely want to do a little bit of homework about their numismatics as there are a few gotchas.  What I will say is that I have a type 2 exit strategy and I haven't bought anything bigger than 1/4 oz or so yet.  I may get a few 1oz coins, but it will likely only be a small minority of my stack.    

You raise a great point about RMSD and the insurance ceiling. Interesting to see what happens when gold reaches that figure. 

15 hours ago, Luketeach said:

Just my two pennies for the OP as I was in a very similar situation a couple of years ago. I spent ages waiting for the right time to go in and agonising over that entry point. I also felt like I was late to the party compared to the veterans on here with enviable entry points. I went for a big spend over a short time. On the surface a couple of years later it looks to be working out as in at 1450 and now hovering around the 1600 mark.

However in hindsight I wish I had spread the purchases out as suggested by others. Not so much from an investment point of view as I take the opinion it will trend up over time regardless as long as you hold. But for the fun of buying. The joy of making a shiny purchase and then waiting for the mail. Also there are so many products and forms the shiny can take my taste has changed massively from seeing sales come and go and I wish now I hadn’t spent big all in one go and now not having the firepower to grab something awesome when I see it. If I could go back spreading the investment into chunks would be the way I would go 😊. 

This comment really resonates with me. I had done tons of research back in 2015 and was very close to pulling the trigger of entry however I bailed and chose to invest in property instead. I didnt pay much attention to the gold market but then decided to again last month and I have jumped on the train. I am sort of kicking myself now as the gold price has doubled since 2015 but thats life. I am still glad I am now on the train rather than off it. 

3 minutes ago, iggypop said:

Article From FT 

Nothing to worry about? 

Monopoly money swirling around. 
 

Billions of dollars of debt will fall due this year on hundreds of big US office buildings that their owners are likely to struggle to refinance at current interest rates.

There are $117bn of commercial mortgages tied to offices which either need to be repaid or refinanced in 2024, according to data from the Mortgage Bankers Association.

Many of those were taken out a decade ago in an era when interest rates were far lower. Since then, commercial mortgage rates have nearly doubled, while the performance of many buildings has sunk, raising the prospect of billions of dollars of losses for investors.

“It’s going to be a problem to get some of these refinancings done,” said John Duncan, who heads the real estate finance practice at law firm Polsinelli. “We’re seeing deals where even sophisticated borrowers are calling it a day and asking their lenders whether they would like to take the keys.”

Unlike US home loans, commercial mortgages are almost entirely interest- only. That means developers of large properties tend to have low monthly payments, but face a balloon payment equal to the original loan the day the mortgage comes due.

 

The expected losses at this point are on a much smaller scale than during the 2008 housing crisis. But soured loans could cause billions in losses for investors, wipe out some property developers — such as the unravelling of Austrian property owner Signa — and lead to forced sales in the already struggling office market. In December, Signa’s insolvency administrator put the company’s ownership of half of NewYork’s Chrysler Building up for sale in order to raise urgently needed cash.

Interesting insight - would be interesting to know the geographical split of where this would be in the US

Atkinsons are saying 9th Jan despatch

PM sent regarding the 2000 sov mate

41 minutes ago, Go65 said:

@Zeton you must learn to pace yourself. A lesson that is hard to learn as I have found out. 

This comment is so underrated 😅 - I am waiting for my bank balance to look healthy before i jump back in but I cant keep myself from this forum

18 hours ago, SovereignBull said:

ThankYou I had wondered & that’s a good way of going about it. I won’t be parting with anything soon and by the time I may sell something I’m pretty sure everyone on here will know my home address from all the buying I will have done! 🤣

I am in the same boat 😄 

Hi mate sent you a PM regarding the 2013 sov.

Thanks

Welcome I have recently joined on the same journey as you and excited to see where the stacking takes us