StackedBorlaseWarren

TSF has now reached over 1m forum posts, thank you to everyone who has posted useful and helpful posts for other members  
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I'll take one please

1847 Gothic Crown - £3100 + POST
EF + CONDITION - Absolute Beauty




 




IMG_5067.mov  
 

Specs on the duck please?

Nice. Now if anything goes wrong @stefffana can pay himself. Genius really. 

Let it be known I did NOT post this
 

Agreed. I’ll give you face value instead 

The Street Name is Dr. Richard 🍆
So we're saying the technical race is between $1930 ($1927-1940) and $2080 ($2090), with $2000/oz an important psychological and technical support:

 
If you don't want to buy now or continue with your DCA purchases, then you're waiting for the price to cascade through all of those supports above and around $2000. If you're waiting for a dip then you need gold to drop below $2000 and stay there long enough for you to buy. (Incidentally you'd also want to see gold break those supports with momentum as opposed to drip-feeding $1/day)
Do I think gold will remain below $2000/oz for a significant period of time? No, but I've been wrong before and I will be again. There's been greater volatility in gold prices in recent years than the historical norm, with swings of +/- $100/day not unheard of. It's feasible you could wait for a temporary (perhaps intraday) dip and find a nice buy point but should you be banking on that? Probably not and especially not if it requires constant monitoring and premiums to dip to match gold spot price
I believe $2000/oz is the new floor but if we get dips when and why will we get them? 
To get a major dip we might need a major recession (aka a deflationary event). A major recession historically leads to a temporary dip in gold prices as traders sell off their prime assets to cover their losses in other markets. There's no guarantee a recessionary gold dip would occur this time as conditions are different with central banks engaging in sustained record buying sprees and money managers seeing gold as ever more important to their financial stability and hedges against what is perceived to be a bubble in asset prices (stock markets/cryptos). It may be the case in the next major financial crisis that everything is sold except for precious metals and miners (a theory some have already put forward)
Another possible cause of a major dip that is robust is a strengthening of DXY (the USD index) or BXY (GBP index). We saw DXY (most important for global commodities like gold, oil) strengthening recently and it had a directly proportional effect on the price of silver in real time. The USD strengthening occurred as traders (those still behind the curve) shifted their expectations for rate cuts in March to rate cuts no earlier than May. While the DXY relationship with PMs is robust the logic behind it is questionable. The DXY strength is a multi-decade long indicator that has been obliterated by gold (USD lost 99%+ of its value vs gold). So when DXY strengthens on the back of them not creating as much new money as expected, I take that with a pinch of salt. The USD and fiat in general are still weak and being diluted at an ever greater rate (debt creation accelerating). I struggle to see the logic of the perceived strength of USD vs physical assets when the USD is infinite (MMT) while physical assets like gold are finite. That's besides the point though, the market will still react to DXY strength and weakness
If it was a normal year we might expect dips in gold in the summer, especially August-October/early November. This year our expectations for that time period are that USD, GBP, Euro and RMB will see rate cuts (weakens fiat, boosts XAU/XAG and reduces opportunity cost of holding metals) due to economic slowdown and the major US and UK elections (politicians want to boost the economy on a temporary basis, even if it's a negative efficiency, to make them look better in the eyes of the masses, "It's the economy, stupid!")
So the seasonal weakness we might expect in gold/silver may be replaced by a seasonal strengthening
That's a lot of words to say I don't see how we get a major dip in gold prices in 2024, dips large enough to make a significant difference to your buying patterns. I'm more worried about missing the rocket to $2300+ than I am about potentially overspending by a few £s at current price levels. The most you could lose by buying today is probably 10% with a retracement all the way back to $1800 but that's unlikely in my view
If I had the same stacking goals as you then I would just DCA. If I felt the price was too high then maybe I might slow the DCA a little bit to create a fund to buy the dip. An important point to consider is your physical premium and buy price. You could easily see an item listed for £400 at Tavex and find someone on the forum selling at £390. That hypothetical saving of 2.5% is cover against a dropping spot price. So if you're asking for my advice, I would DCA and buy every time I saw the items I wanted at low premium and see that as perhaps being more important than the spot price or trying to "time the markets" (which is theoretically impossible). 

Very nice set GLWS  

Very nice set GLWS  

As the title nice set, no returns UK only £310+RMSD (will only post RMSD)
Free RMSD for anyone who's bought off me before and or uses my NGC grading services. 
 
 

A proper knocking shop was that hotel btw stunning girls obviously I kept away from that..but a cracking pub 👍🏻

I like privacy. What I do with my money is nobody's business.
With a very few exception, I don't trust anyone, and the State is the entity I trust the least. Historically the worse atrocities have not been committed by individuals, but by governments, and the fact that the government would want to track everything I do is a scare proposition.
Polish extermination? Government.
Cossaks extermination? Government.
Jew extermination? Government.
Holodomor? Government.
Armenian genocide? Government.
Ah! But those are things of the past!
Uyghur genocide. Ongoing, government.
Rohingya genocide. Ongoing, government.
Darfur genocide. Ongoing, government.
Governments that want to abuse their population first remove their ability to defend themselves, queue gun control and removal, then remove their ability to store wealth, so they take the gold.
Now, I am confident that you have absolute trust in the British government, all parties have solid proven records of trustworthyness and we should give them all our details knowing that are in safe hands, who would not trust our Tory government or a possible Labour government with all of out private information? You know, the guys that keep repeating that we need a wealth tax.
But bare with me for a minute, say that by chance someone not trustworthy takes over, or maybe we are invaded by a foreign entity or, without going to excesses, the government gets hacked, or someone steals and sell that data, and now you have a bad actor that knows exactly what and where you have it, would you not have wanted to keep that data private? And what better way to keep that data private than to use cash?

There’s a few from the East Midlands that look in here 🙂 definitely in the right place.

Hello!
I'm new to this online forum business, but since it turns out there is virtually no-one in my social circle that shares this hobby I thought it best to seek out some way to interact with others in this space. I'm quite young and new to this game so I've only got a small collection of some old UK silver florins, shillings, sixpences etc. that I've managed to get from car boots and eBay. Just now getting into gold, bought my first half sovereign last year and I'm in the market for more   
If you made it this far, thanks for reading and if you're near me I'd love the opportunity to network!
Regards.

Welcome !
You'll meet @James32 very soon on the 'for sale' threads no doubt, to your disappointment

Theres load of different threads and some very knowledgeable guys sometimes it takes a while to find out who's who and what they specialise in.  
I specialise in sovereigns, offer NGC grading services ,   coin conservation (aka cleaning)  and new coin sales from the RM.  
 

Hello!
I'm new to this online forum business, but since it turns out there is virtually no-one in my social circle that shares this hobby I thought it best to seek out some way to interact with others in this space. I'm quite young and new to this game so I've only got a small collection of some old UK silver florins, shillings, sixpences etc. that I've managed to get from car boots and eBay. Just now getting into gold, bought my first half sovereign last year and I'm in the market for more   
If you made it this far, thanks for reading and if you're near me I'd love the opportunity to network!
Regards.

Hello!
I'm new to this online forum business, but since it turns out there is virtually no-one in my social circle that shares this hobby I thought it best to seek out some way to interact with others in this space. I'm quite young and new to this game so I've only got a small collection of some old UK silver florins, shillings, sixpences etc. that I've managed to get from car boots and eBay. Just now getting into gold, bought my first half sovereign last year and I'm in the market for more   
If you made it this far, thanks for reading and if you're near me I'd love the opportunity to network!
Regards.

£380

gg 
 

gg 
 

£382