Mcgrimes

50 minutes ago, Pete said:

You are allowed £390 ( but please check this figure as I am merely repeating your number ) in purchases and gifts before having to declare anything.
Provided your stash is not above this you can walk through the green channel.
I strongly recommend you keep a purchase invoice as proof in case you are stopped.

Anything above this value would incur VAT at 20% but there is no duty on PMs.

Thanks Pete!

 Understood this to be the case, but no personal experience

Hi all

 I’ll be on a business trip to Texas in the foreseeable term, and would like to bring over some cheap silver bullion.

 I’m aware of a £390 duties limit; do I just rock up at the airport through the nothing to declare line?

 I’d imagine there are a few guys with some experience here

 thanks!

8 hours ago, JohnA1 said:

Traditionally an investment would command an expected rate of return over and above the 'zero risk' interest rate.

So if the 10-year govnt bonds yield 5%, a long-term investment proposal would need to promise over and above that 5% depending on the perceived risks, otherwise nobody would be attracted to it - they'd stick to the zero risk governmental promises.

That's the theory

In the good'ol times according to the same theory people with a large amount of money in the bank could live off the interest and keep the capital intact.

We know that is not true nowadays, if someone dares live off the interest, the capital shrinks to nothing. And the 'zero risk' interest rate is not pereived as zero risk by everyone anymore. Plus we've woken up to the definition of 'money in the bank' being neither money, nor ours anymore.

 

In any case, gold would be expected to keep its purchasing power in the long run, so nobody would bet their life on guaranteed returns over and above the 'zero risk' interest rate.

It would just be expected to keep up. I don't think that has changed. Retention of purchasing power is all we expect in the long run.

I Concur that preservation of wealth is the primary aim of long term gold hoarding. But, I still consider that an investment.

Is purchasing government bonds at 5% considered an investment? Yes, I would say so.

Would purchasing government bonds at 5% whilst the economy runs at 6% inflation still be an investment? Yes, I'd say so.

Is the aim to return an increase in wealth, or value?

I think that investing is the active decision taken to try and preserve or increase wealth; actual returns are immaterial.

On 09/01/2024 at 16:37, trozau said:

Gold is not an investment tool. It is a hedge for preserving wealth. The buying power of gold has been constant for the past 4 centuries or so. It is the fiat currencies that have been losing their value/buying power hence the increase in price of a troz of gold (in relation to fiat currencies).

Isn't that, by definition, an investment?

Even investments that devalue are investments; just poor ones

I watched this last night - enjoyed it! A lot of hassle indeed

As soon as I saw sunshinemint i expected fakes

44 minutes ago, MBTPSilver said:

Strange, I wonder why they're telling everyone else they don't have them, or perhaps don't have enough to fulfil their orders. I'll have to chase up with them. Tough getting straight answers from them even B2B.

I’ve spoke to one of the main dealers - apparently they just never arrived with this weeks shipment without prior warning

7 minutes ago, paulmerton said:

They were...

Oh yeah so they were haha 

On 05/12/2023 at 07:21, paulmerton said:

 

The 2024 1/10oz and 1/4oz should be released tomorrow morning.

Do you know why they weren't released?

Sorry, I meant on royal mint

I can’t find them on their website?

I want a few tubes of each, I just want to pay the lowest price possible - any group buys going?

Hi Guys - as a lover of fractional silver, I've been waiting for this opportunity for what feels like a lifetime.

Anyone else likely to pick up a tube of 1/4's or 1/10's? Do their premiums carry forwards, or am I wasting my money?

I Can see they're at Atkinsons and Bleyers, with bleyers being the cheapest that I can find. Anyone found a cheaper dealer? Will the RM be cheaper when they finally announce them on their site?

Thanks!

yeah that's a good price! let us know if there are any more please

Hi still got 20 left?

1 hour ago, paulmerton said:

I would expect the 2023 Charles III 1/10oz silver Britannias to come out before the 2024 ones do. That's likely to be in December, when the 2023 Charles III 1/4oz tubes might come out again too.

nice one!

Is the best bet to just subscribe to RM's newsletter? Or will they all be sold out before the mail arrives?

thanks guys! will keep my eyes out - love fractional silver.

Anyone ever had success ordering from geiger-edelmetelle?

Hi Guys

I've just noticed a few tubes of 1/10oz 2023 Brittanias floating around - how do people manage to get hold of these? How do I get a tube of 2024's if the get release?

TIA!

There’s a 30x nectar code coming up on eBay on Valentine’s Day - can anyone think of any reasonable bullion sellers that would be worth buying from?

Alternatively, if anyones selling an item up to £300, whilst making use of the 80% final value fees, let me know - sounds like a decent way of getting something close to spot…

@BackyardBullion - pretty certain you’ll have a few items!

20 hours ago, Earthmetal said:

Apologies for being a bit of a thicky, but does this refer to the price of shares in gas/electric, or does it refer to the cost of energy bills to consumers?

I would suggest gas/oil suppliers

2 minutes ago, Midasfrog said:

Getting back on track to gold £

Where will gold £ be in ten weeks time on the 4th March could it be as low as £1227 , looking at 4th March 2021 it is very possible that gold could see a drawback after the resent highs.

Maybe £1300 🤔 for a while

Past performance doesn’t guarantee future returns….

19 minutes ago, goldsilverdash said:

Well, isn't it the case that people all over the world have attached value to gold for thousands of years? It is hard to imagine a scenario in which they would just stop. But maybe if it becomes possible to manufacture gold, or if an enourmous quantity of gold would crash into earth?

We’ve been trying to turn poop into gold since at least the medieval times 😄

11 hours ago, honestinjun said:

Why do people have to make this more complicated than it is? Over the last 30 years the price of gold has risen 1400%. In the last 50 years, the dollar has lost 85% of its value - not rocket science!

 

What an unfair comparison, using two different time scales! Over the past 9 months, gold has lost 10% of its value against the dollar….

 Isn’t it easy to Cherry pick to prove a point.

 Now why don’t you look at the lost growth opportunities of having gold in a paid safety deposit box against pound Sterling stored in a interest bearing bank account over a long term duration?

2 hours ago, goldsilverdash said:

According to Investopedia, stores of value (other than currency) "... such as gold, silver, real estate, and fine art, have proved their worth over time. The price of gold, in particular, will often skyrocket during times of national peril or when a financial shock hits the broad markets, earning it a reputation as the ultimate safe haven." They go on:

Source: https://www.investopedia.com/terms/s/storeofvalue.asp
 

It is hard to imagine that gold will ever become worthless. Fiat currencies becoming worthless, on the other hand, is not hard to imagine, and it has happened many times.

 

I’m glad to see that someone else has bothered to look up the recognised examples of store of value and seen currency listed, even if there are more reputable sources out there.

 Why is it hard to imagine gold being worthless, even when it has petty much no industrial use?  (Apart from the fact that is humans find it irresistible!)

 As an example, in the event of a sustained nuclear war, I’d rather be holding cans of beans than a sovereign.
 

3 minutes ago, JamesH said:

No. Not to say that it isn’t, I just don’t understand it well enough to place enough faith in it as a store of value

There’s definitely advocates on both sides