Mcgrimes

I disagree with a lot of what you said. I didn’t elaborate on the delivery being to the wrong address, which I was displeased with. I didn’t expect them to be carded, I was happy for them to be loose. But the quality of the carding is poor. But surplus to requirements why I kept them.
I didn’t expect them to be ‘perfect’, but they’re not as good quality as the other Baird products I have purchased, I’ve never had this staining on any other product before. That’s the main concern here.
I don’t recall the premium, but I was happy with the price I paid. But the premium was higher than on the 2.5g, 5g, half ounce bars, which all display better quality 
I bought 1g bars because I wanted to. That’s the only reason. 
Low quality referring to the quality of the card, which isn’t as good as the other Baird products. The detail on the bars and subsequent  discolouration is, to me, of low quality.
 
appreciate the notes on the red spots. I’ve got a jewellers torch which will get it up to temperature, I’ll let you know how I get on!
Otherwise, been happy with previous purchases of 1g gold bars. As I say, I’ve never seen red spots before and my first thought was ‘fake’ - not that I’d suggest there were any nefarious motives. I’ll remove reference to the supplier as to not cause concern, generally

About 2.5 years ago, I bought a not insignificant number of golds bars from a supplier. I wasn’t happy with the delivery, generally, as the certicards were low quality (easy to open, marked, stressed around corners turning white). In all cases, I kept them as they were reasonably priced compared to other dealers, and it was the height of covid.
Ive still got most of these bars of gold, and today I got my collection out for inspection/inventory and noticed some discolouration on the bars. I don’t recall this being present about a year ago.
The first picture shows a carded bar, where the bar was inserted upside down, with a small discolouration mark near the 1g. The second pictures shows a different bar with a slight discolouration on the reverse. I have a few bars like this, all 1g bars, with discolouration and generally low quality. 

Ever see this before?
If these weren’t straight from such reputable supplier, I’d never of accepted in the first place.

Haha yeah, gold has been weak lately, but we don’t get the benefit because the pound is also weak!
 Bring on the bear market, I want more gold!

I think gold will lag behind as interest rates begin to rise further. I think institutions be be more inclined to lock in at 5% apr rather than chase gold which has an annual fee to store.
I don’t think gold is analogous to money, as mentioned further up - not any more than any other commodity is at least. 
im here because I like gold and hold some in my portfolio, and whilst I want it to shine in the upcoming short term, I don’t think it will compared to other asset classes.
Who knows how to invest in grain/wheat/food futures?

It’s all relative - so better fiscal policies like rising rates and would help other countries. But then, weaker currency actually increases foreign investment etc etc

Haha yeah, gold has been weak lately, but we don’t get the benefit because the pound is also weak!
 Bring on the bear market, I want more gold!

If you hold a bond to maturity, then there are no capital losses (assuming purchased below PAR). Bear markets present opportunity. For what it’s worth, I hold some PAXG in Nexo at 7% APY. Kinesis charges a transaction on purchases (I believe), which covers you selling your gold to an intermediary and then using the cash to pay for your product. Gold is not money; it may be used as a currency in areas with poor fiscal policies, but then so is farm stock. 
As I say, I like gold, but it doesn’t yield. Your gold holding in kinesis entitles you to a share in transaction fees on the platform. I looked into Kinesis but decided it wasn’t for me. Though I was interested in the physical redemption side.
honestly speaking, I think cash is king at the minute - I think there’ll be some bargains to be had when everyone feels higher rates on their mortgages, utility bills and food price increases. Gold has no comparable utility.
Long term, yes, gold is a great investment vehicle in a diversified portfolio. But I’m bearish in the near term on many things including gold. Worth noting gold has dropped about 20% in the past few months, so the market is certainly bearish.
 
 

But gold has dropped from $2000 in March to $1650 today - that’s nearly 20%

I think gold will lag behind as interest rates begin to rise further. I think institutions be be more inclined to lock in at 5% apr rather than chase gold which has an annual fee to store.
I don’t think gold is analogous to money, as mentioned further up - not any more than any other commodity is at least. 
im here because I like gold and hold some in my portfolio, and whilst I want it to shine in the upcoming short term, I don’t think it will compared to other asset classes.
Who knows how to invest in grain/wheat/food futures?

If you hold a bond to maturity, then there are no capital losses (assuming purchased below PAR). Bear markets present opportunity. For what it’s worth, I hold some PAXG in Nexo at 7% APY. Kinesis charges a transaction on purchases (I believe), which covers you selling your gold to an intermediary and then using the cash to pay for your product. Gold is not money; it may be used as a currency in areas with poor fiscal policies, but then so is farm stock. 
As I say, I like gold, but it doesn’t yield. Your gold holding in kinesis entitles you to a share in transaction fees on the platform. I looked into Kinesis but decided it wasn’t for me. Though I was interested in the physical redemption side.
honestly speaking, I think cash is king at the minute - I think there’ll be some bargains to be had when everyone feels higher rates on their mortgages, utility bills and food price increases. Gold has no comparable utility.
Long term, yes, gold is a great investment vehicle in a diversified portfolio. But I’m bearish in the near term on many things including gold. Worth noting gold has dropped about 20% in the past few months, so the market is certainly bearish.
 
 

I think gold will lag behind as interest rates begin to rise further. I think institutions be be more inclined to lock in at 5% apr rather than chase gold which has an annual fee to store.
I don’t think gold is analogous to money, as mentioned further up - not any more than any other commodity is at least. 
im here because I like gold and hold some in my portfolio, and whilst I want it to shine in the upcoming short term, I don’t think it will compared to other asset classes.
Who knows how to invest in grain/wheat/food futures?

Bear case - price of everything is increasing, but the market is in a downturn and wages aren’t increasing inline with cost of living, thus less money to spend on precious metals.
Interest rates increasing, thus allowing for higher returns on cash savings, when gold sits there looking pretty without returning anything

Bear case - price of everything is increasing, but the market is in a downturn and wages aren’t increasing inline with cost of living, thus less money to spend on precious metals.
Interest rates increasing, thus allowing for higher returns on cash savings, when gold sits there looking pretty without returning anything

2022 Sovereign for £370 in Costco this morning. 3 left in Glasgow @11:30 today.  

Sovereigns - low premium buying and typically higher sale values (low spread)

I love 1g bars, but I like to be able to feel the product which means I don’t get the full enjoyment of them being carded/sealed.
And then, the card takes up a lot of space, there are a lot of forgeries out there and they, generally, do not retain their resale value.
I one struck gold (pun intended at HGM) when I ordered some 5g bars at competitive cards, and received some Perth mint carded.

I’m not certain that makes sense, you pay for the weight of gold so the fact one is 22k has little significance.
 For me it’s all about whatever is cheapest per gram

Coming up with an error message. Others getting the same?

Sovereigns at £323.99 at Costco Manchester. Better rate than most online retailers, certainly when only buying one or two

The gold bars were about 2% cheaper than Bairds

Sovereigns at £323.99 at Costco Manchester. Better rate than most online retailers, certainly when only buying one or two

Sovereigns at £323.99 at Costco Manchester. Better rate than most online retailers, certainly when only buying one or two

1/4 Oz of au regardless of condition or aesthetics @ £375 landed it is a good price. 
Anyone wanting to add weight 999 as cheaply as possible it is a good shout in the current market conditions

This was my last purchase from royal mint bullion.     Think it was the 5th one they sent before I had one that wasn’t gouged, bent or rubbed.     Isn’t that nice of a coin really

This is a gold deals thread, every post should be about gold!
Whats going on with these deals threads????