Shep

12 minutes ago, dga00 said:

In this link, https://www.collectorcoins.ie/en/proclamation-of-the-irish-republic-50-gold-proof-coin-2016.html, the specifications say 7.08.

---

Added 0 minutes later...

 

No I realise that but if you check other sources they confirm 7.8g.
 

I think it must be a typo, I don’t see how they could sell a coin as being “1/4 oz fine gold” and shave .72g off it. It would be deliberate mis-selling. 
 

At current prices and if using 0% commission currency exchange (Revolut or similar) it represents a purchase of 1/4oz gold under spot price. I can’t find any other gold available at the minute at a premium that good!

1 hour ago, dga00 said:

Irish coin 7 grams
sovereign 8 grams

It may be the same price, but you loose a gram for the proof finish.

It’s 1/4 oz (7.8g) of fine gold Vs 7.3g fine gold in a 22ct sovereign.

Its the fine gold weight that is important.

https://en.numista.com/catalogue/pieces99670.html

6 minutes ago, zhoutonged said:

Meaning the market price for physical is not the same as the paper price on the comex

Oh I see, forgive the lay speak -  there is a disconnect between the comex paper price and the value seen in silver by physical consumers?

17 minutes ago, zhoutonged said:

The physical market versus the paper market

Meaning what exactly?

When comparing a UK and a USA physical silver bullion buyer how does that sentence explain why a USA buyer is paying $26 for a bog standard ASE?

At least here in the U.K. we can blame the excessive premiums charged partially on VAT.

2 minutes ago, zhoutonged said:

Unless you are selling to a dealer the premiums get passed on at point of sale.

Yes the premiums get passed on but in the past 10 years the increase in spot price for silver has been negligible. 

The increase in spot price has not kept up with the pace of devaluation, effectively chipping away at your wealth while you have cash sat in silver (when compared to gold).

1 minute ago, Horse said:

It's still better to put into silver than the regular useless junk

I suppose after all is said and done that there is one of the most salient reasons to become a stacker. Whether it be gold or silver.

1 hour ago, Horse said:

If I pay 10% premium today, hopefully with future spot increase, I'll get what I paid in the future.  I see it as a store of wealth and not a money maker. 

But is this not exactly the problem? You get what you paid in. It hasn’t kept up with inflation and the rate of devaluation of the fiat you bought in with.

With the example of an oz of gold I used earlier, I haven’t made any money on it, it’s just helped to retain the buying power of the pounds I purchased it with. I can buy now with £1400 the same amount of goods and services I could purchase with £1049 4 years ago.

I just don’t see how silver can provide this function with the crippling premiums and floundering spot price.

@Horse I understand why in the U.K. the premiums are so high for silver bullion (VAT). With more reasonable sales tax over the pond, what in your opinion are the reasons for such high premiums in the USA?

^ forgive me if this sounds ignorant, I’m genuinely interested in what the reasons are.

7 hours ago, Divmad said:

I want real protection of my long term savings

7 hours ago, Divmad said:

I WANT to stack.

If you’re a UK buyer who wants physical PMs for wealth preservation - Cut the sickly, poor cousin, silver middle man out as it will do no such thing for you.

A real world (simplified) example:

I bought an oz of silver in 2016 it cost me around £18 and is now worth approximately about the same in a private sale and far less to a dealer.

I bought my first oz of gold in 2016 and it cost me £1049. It is now worth over £1400 in a private sale, or to a dealer.

Fancy charts, obnoxious YouTube silverbugs and our lord and saviour the fabled “gold silver ratio” can all go hang. As the buying power of my £s have evaporated over the last 4 years, it is clear to me which metal has preserved my wealth

Don’t be attracted by the false economy of being able to buy larger quantities of silver than gold due to its relative per oz affordability.

Save up and focus efforts on buying gold.

That being said, no one truly knows what the pms are going to do day to day and holding a small amount of silver is clearly a good idea for the sake of a building a diverse stack. 
 

(Posted in the spirit of friendly discourse - apologies to the silverbugs)

https://buckinghamcollection.co.uk/product/2019-gold-bullion-sovereign/

2019 Sovereigns at £284.99 inc p&p from The Buckingham Collection.

Caveat emptor.