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FriedrichVonHayek

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  1. Like
    FriedrichVonHayek got a reaction from MonkeysUncle in Store of value?   
    From starting work in 1989 I have on average earned the equivalent of just over 1 Gold Sovereign a week after tax.
    So in 33 years of work I would say its a decent store of value.
  2. Like
    FriedrichVonHayek got a reaction from Goldfever20 in Store of value?   
    From starting work in 1989 I have on average earned the equivalent of just over 1 Gold Sovereign a week after tax.
    So in 33 years of work I would say its a decent store of value.
  3. Like
    FriedrichVonHayek got a reaction from Tn21 in Store of value?   
    From starting work in 1989 I have on average earned the equivalent of just over 1 Gold Sovereign a week after tax.
    So in 33 years of work I would say its a decent store of value.
  4. Like
    FriedrichVonHayek got a reaction from pricha in Store of value?   
    From starting work in 1989 I have on average earned the equivalent of just over 1 Gold Sovereign a week after tax.
    So in 33 years of work I would say its a decent store of value.
  5. Like
    FriedrichVonHayek got a reaction from Lyrinn in Store of value?   
    From starting work in 1989 I have on average earned the equivalent of just over 1 Gold Sovereign a week after tax.
    So in 33 years of work I would say its a decent store of value.
  6. Haha
    FriedrichVonHayek reacted to sixgun in Spot price tanked   
    i call it a draw and will leave it there. 
  7. Like
    FriedrichVonHayek reacted to ArgentSmith in What the heck is going on with bullion prices!?!​ 😱​   
    Disconnect between COMEX spot price and physical in both Gold and Silver. In the Soviet Union prices were controlled by experts who knew better than the market. Whenever prices are controlled or fixed shortages result. Bullion behaving like soviet sausages, good price but try buying.
  8. Like
    FriedrichVonHayek reacted to HerefordBullyun in If HSBC went bust then what would happen to my gold   
    Ask Venezuela, how they are getting on repatriating their gold from the UK.
    Ask people when they tried withdrawing money from Northern Rock during the financial crisis of 2008.
    I trust banks like I trust the government. Zero percent.
  9. Haha
    FriedrichVonHayek reacted to James32 in If HSBC went bust then what would happen to my gold   
    As the wise man once said.. if you don't hold it "you don't own it"
  10. Like
    FriedrichVonHayek reacted to Shinus73 in Gold To Silver?   
    Difficult to get these around spot now. Only bought one set in the last 12 months.
    Similarly, it’s a struggle to find these much below £20/oz.
    80% Canada Dollars and Halves are still my favourite.
  11. Like
    FriedrichVonHayek reacted to Happypanda88 in Gold To Silver?   
    There were plenty of unloved sterling silver coins out there when I last bought. For example, the 1976 Canada Olympics $5 & $10 silver sets can be had below spot price at the time. I purchased quite a few ounces.
  12. Like
    FriedrichVonHayek got a reaction from MetalMandible in Gold To Silver?   
    It is well worth the headache if the ratio heads back to 50/1 or lower.
  13. Thanks
    FriedrichVonHayek reacted to LawrenceChard in Tudor Beasts - 2023 Yale of Beaufort - Pre-Orders Available Now   
    Yes, of course.
    It sounds like you have not read this:
    The Royal Mint is undoubtedly striking thousands of coins as I am writing this. I think most of their machines run 24/7.
    Many of them will be UK coins, and dated 2022, yet the queen is dead, at least according to most media reports.
    Some of them may be dated 2023, yet the queen is still dead.
    George V, for example died on 20th January 1936, but millions of UK coins were struck that year, including:

    No UK coins were issued for Edward VIII, and none for George VI, (who acceeded to the throne on 11th December 1936), until 1937.
    😎
     
  14. Thanks
    FriedrichVonHayek reacted to LawrenceChard in Changes of UK Coin Dates and Monarchs at Accession Precedents - But What is Different This Time?   
    Changes of UK Coin Dates and Monarchs at Accession Precedents - But What is Different This Time
    I have answered numerous questions on TSF in the past week, and also about when the monarch's names and portraits change.
    I have mainly borne in mind the effect on precious metal bullion coins, but these matters will also affect base metals, and commemorative coins.
    Year Dates
    Before 1970, the year date of coins in producing and being released would usually be the same as the current calendar year, although the exisiting dies would remain in use for the early part of the next year, for reasons of economy. It would be very inefficient to destroy perfectly usable dies, and also inefficient to halt production while coining presses were stopped to install the new dies.
    It was not usual to start minting coins with the next year's date.
    Some time after the Royal Mint started actively marketing collector coins, things changed, but not immediately. Without doing some checking back, I cannot remember when this change arrived.
    I do know that other mints started to produce and release the next years coin during the last few months of the current year, mainly to get a jump start on other mints for sales of collector coins and sets.
    Eventually, the British Royal Mint succumbed to this commercial pressure.
    Monarchs Names and Portraits
    If we look at all reigns from George III through to George VI, when the reigning monarch died or abdicated, it was normal for their portrait to continue being used for the current years coins. Again, this made good sense from the point of view of efficiency, and the avoidance of waste. It wowuld be wasteful to scrap all the good working dies, and halt production until new designs were approved, then dies made for the incoming monarch. 
    It also seems to be tradition that two different monarchs names and portraits did not appear on coins of the same year date. It hardly mattered which part of the year a monarch died, his or her name and portrait contunued to be used, at least until the end of the calendar year. The the new monarch's name and portrait would be released for the next year.
    Some of this might be due to practicality, because it would always require planning, production of designs, preparation and approval of dies. This necessarily takes time. It is likely that this pratical aspect then turned into tradition.
    So there are two factors which used to be traditional, but one of these factors has already changed. Is there any reason the second factor should change? The obvious answer is no, the new monarchs name and portrait does not need to wait until the next year to be changed.
    But this ignores the fact that some coins now get released with next year's date on them. This might not have mattered if Elizabeth had died earlier in 2022, well before any 2023 dated coins were issued. Now it is too late, as a number of UK collector coins have already been issued using Elizabeth's name and portrait.
    If the tradition is followed that no two monarch's name and portraits are used with the same year date, then we would need to wait until 2024 before Charles III's name and portraits would be used. Slight correction: coins of Charles III might be issued late in 2023, but bearing the date 2024.
    This would be a long time to wait, and would seem to be a rather silly solution.
    For this reason, I now believe we will see a break in tradition, and that we will start to see 2023 dated coins with Charles' name and portrait. Exactly when is the next question, and will surely be one of the matters being debated, or soon to be debated between the powers that be. These include the Royal Mint, The Treasury, The Privy Council, the Accession Committee, and the King himself. These discussions will take time. I do not think the new King Charles would wish to see his own portrait appearing on 2023 dated coins while those of his mother continue to be produced, more or less in parallel. It would appear disrespectful.
    While nothing much is certain at this stage, it is my guess is that Charles III coins will be issued starting in January, and dated 2023.
    Of course, it is not quite so simple, and the changeover might be made denomination by denomination.
    The coins which have already been released, or are "awaiting stock" are:
    2023 Lunar Calendar Year of the Rabbit, in various metals, weights and denominations, including base metal, silver, and gold.
    2023 The Royal Tudor Beasts The Yale of Beaufort, in various metals, weights and denominations, including base metal, silver, and gold.
    I believe 2023 dated silver bullion Britannias of Elizabeth were probably scheduled fro release in October, and possibly also gold Britannias. Whether these two issues will now still be released very soon is in doubt. These two must surely be the first two decisions. Gold bullion sovereigns of Elizabeth would probably be the next 2023 dated possibilities.
    There are probably other new commemorative issues in the pipeline which could appear before the year end, with either 2022 or 2023 dates.
    Because we are now in September, it seems likely that January 2023 would be a convenient monarch changeover date for most denominations, circulation issues in particular. Coins in mint and proof year sets may be an exception.
    All that sounds slightly complicated, any of it could be wrong, or subject to change.
    The main points are that for previous reigns, date changes occurred at their natural point in time.
    Mass coin collecting and marketing of collector and investor coins only arose during the reign of Elizabeth, so things have changed since any other precedents and traditions arose.
    Possibly the only certain thing is that there will be change.
    As usual, I welcome all comments, suggestions, corrections, and opinions. I guess there will also be questions!
     
  15. Like
    FriedrichVonHayek got a reaction from LawrenceChard in Tudor Beasts - 2023 Yale of Beaufort - Pre-Orders Available Now   
    With regard to the 2023 Yale of Beaufort Coin, has there ever been an instance where a coin was minted when the Sovereign was dead?
    It seems odd that there are coins minted for 2023 featuring the Queen when she died in 2022.
  16. Haha
    FriedrichVonHayek got a reaction from Stuh in GOLD DEALS - (UK & Europe) See a deal, post it here   
    Unbeatable deals from Gerrards.
    https://www.gerrardsbullion.com/
    2022 Little John Myths & Legends 1oz Gold Coin
    from £10.30
  17. Haha
    FriedrichVonHayek got a reaction from modofantasma in GOLD DEALS - (UK & Europe) See a deal, post it here   
    Unbeatable deals from Gerrards.
    https://www.gerrardsbullion.com/
    2022 Little John Myths & Legends 1oz Gold Coin
    from £10.30
  18. Haha
    FriedrichVonHayek got a reaction from Touvex in GOLD DEALS - (UK & Europe) See a deal, post it here   
    Unbeatable deals from Gerrards.
    https://www.gerrardsbullion.com/
    2022 Little John Myths & Legends 1oz Gold Coin
    from £10.30
  19. Haha
    FriedrichVonHayek got a reaction from SilverJacks in GOLD DEALS - (UK & Europe) See a deal, post it here   
    Unbeatable deals from Gerrards.
    https://www.gerrardsbullion.com/
    2022 Little John Myths & Legends 1oz Gold Coin
    from £10.30
  20. Like
    FriedrichVonHayek reacted to Pipers in Gold Monitoring Thread £ GBP only   
    Disagree here FVH, Trade wars means inflation, with all the western countries in large Debt both public and private sanctuary will be sort in Gold and other tangible assets rather than paper. Trump also has around a 25% of his vote and 33% of Hilarys Vote who are Angry at being left behind and he has promised them a job and better pay!!!   This is a very big promise to live up to, I hope he does it just not at the UK's expense.  As far as calling Clinton a Socialist you made me laugh her politics are closer to Mussolini (apart from the racism) than she is to the late Tony Benn.  Clinton is a Neo-Liberal  who wants to cosy up to big business wall street basically the 'fire' economy and that is why she lost enough normal ordinary people, people no longer believe the lies told by the old right and left parties they feel betrayed and its the left that is losing, though there is a warning from history the further the pendulum swings one way it will swing the other way just as hard.  
    Also has anyone else noticed the mainstream media propaganda is not as effective anymore.  
  21. Like
    FriedrichVonHayek got a reaction from Scuzzle in Gold Monitoring Thread £ GBP only   
    The way Sterling is crashing holding Gold looks like a shrewd move if you live in the UK until we officially Brexit.
     
  22. Like
    FriedrichVonHayek got a reaction from walesdave in Gold Monitoring Thread £ GBP only   
    The way Sterling is crashing holding Gold looks like a shrewd move if you live in the UK until we officially Brexit.
     
  23. Like
    FriedrichVonHayek reacted to SilverPirate in Today I bought.....   
    Today i bought a 1oz isle of man angel, from Pobjoy mint, first time i have bought from them.It is a very good looking coin in my humble opinion.
  24. Like
    FriedrichVonHayek got a reaction from HighlandTiger in Today I bought.....   
    I have bought 4 Gold wedding bands from eBay for slightly over spot.
  25. Like
    FriedrichVonHayek got a reaction from Agpanda in Today I bought.....   
    I have bought 4 Gold wedding bands from eBay for slightly over spot.
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