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Shep

Silver Premium Member
  • Posts

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    United Kingdom

Reputation Activity

  1. Like
    Shep got a reaction from JohnA1 in Just thinking out loud!   
    I don’t really feel that justifies a negative. A negative feedback on here = destruction of the persons ability to sell anything on the forum in the future. Not really a fair punishment for tardy communication, and as previously alluded to, whilst it’s annoying for the buyer people have lives and they might have something going on.
    Although it sounds you’ve had a pretty poor experience so far, if it does indeed arrive well packaged and as described surely it’s a neutral at worst? Each to their own though.
  2. Like
    Shep got a reaction from arphethean in Just thinking out loud!   
    I don’t really feel that justifies a negative. A negative feedback on here = destruction of the persons ability to sell anything on the forum in the future. Not really a fair punishment for tardy communication, and as previously alluded to, whilst it’s annoying for the buyer people have lives and they might have something going on.
    Although it sounds you’ve had a pretty poor experience so far, if it does indeed arrive well packaged and as described surely it’s a neutral at worst? Each to their own though.
  3. Thanks
    Shep reacted to sixgun in Pound Falls Further After Bank of England's Emergency Move - Breaking News   
    The UK Gilt market is crashing.
    As an example the 40 year Gilt has collapsed - last December it was around 100 and since had fallen to 25.
    The markets are not confident about the Truss Government - they expect as i do she will be a transient visitor to number 10. This puts the Tory Government in peril. You get a run on the pound and a vote of no confidence is not far behind. Truss was chosen b/c the other candidates were 4th division players as well. The market is not just unconvinced by Truss but they have a sinking feeling thinking about Sir Keir who doesn't even know what a woman is. Imagine him and the Ginger Minge leading the country. 


    UK pension funds hold large amounts of Gilts - the value of funds has evaporated. i hear that some pension funds are now insolvent. The price of Gilts is falling and there are no buyers - so the BoE has had to step in.
    The BoE has spoken of QT (quantitative tightening - off loading government securities) - what we see here is big time QE. They cannot stop creating currency - which of course is just petrol on the fire by inflating the money supply.
    As Gilts fall, Gilt yields rise. This puts pressure on the BoE to raise interest rates - we have been hearing about another interest rate rise. A 0.1% just wouldn't do - it would have to be a decent jump. The problem then is the property market Ponzi scheme is put in jeopardy. 
    We would be looking at a full scale financial crisis. A currency crisis with a housing market collapse. Let's imagine Sterling went into free fall. Gilts prices would collapse further - who wants to hold UK Government paper when the yield paid in GBP is worth less and less? The rising Gilt yield is the market saying interest rates must rise and the BoE would have to do that to support Sterling. The mortgage rates rise. When we have had what amounts to ZIRP - a zero interest rate policy for over a decade, even small increases in mortgage rates make huge percentage changes in repayments. We would see an avalanche of mortgage defaults and forced property sales.
    At the tail end of last year we saw headlines like Lloyds Bank aiming to become giant UK landlord - in my mind this was telegraphing that Lloyds - Halifax were expecting what we see now and expecting to scoop up fire sale repossession properties. The property market talks about small falls in property prices - they don't want to do otherwise for fear of triggering panic. 
    i have been expecting this - i have been expecting blood in the street. Now let's see.
  4. Like
    Shep reacted to Charliemouse in Today I Received.....   
    My pride:

  5. Like
    Shep reacted to ArgentSmith in GOLD DEALS - (UK & Europe) See a deal, post it here   
    I think the hype will die down quick enough 🤷‍♂️
  6. Like
    Shep reacted to SovereignBishop in GOLD DEALS - (UK & Europe) See a deal, post it here   
    But then as a raw coin, one could end up getting a less than perfect one and I have seen them struggle to sell. 
    I think people aren't willing to pay more than 12-1300 for these but the single sells for over 800. Weird 
  7. Haha
    Shep reacted to modofantasma in Share your worst PM incident please   
    I once bought physical silver 😬😉
  8. Haha
    Shep reacted to Petra in Binlord of the week on ebay   
    eBay will be loving all this with the fees they charge! Will have another look in my change and see if I’ve any ‘rare’ coins hiding, don’t want to be giving them to the grandkids when they can be ebayed!
  9. Like
    Shep reacted to Leonmarsh in Today I Received.....   
    From our very own **** puncher @Clockpuncher
    2022 SOTD sov first release recieved today lovely 




  10. Like
    Shep reacted to modofantasma in Today I Received.....   
    Few coppers and some other bits and pieces today


  11. Like
    Shep reacted to Goldfever20 in Today I Received.....   
    Received today 2016 Three-Coin Premium Set


  12. Like
    Shep got a reaction from Tn21 in BBP Prices on Gold   
    Bullion By Post.
    I don’t think they increase prices as such.
    Their prices do not appear to fall as quickly as they rise during large swings in the spot price. This means the relative premiums they are charging above spot seem to increase on large dips in the spot price.
  13. Thanks
    Shep got a reaction from SidS in BBP Prices on Gold   
    Bullion By Post.
    I don’t think they increase prices as such.
    Their prices do not appear to fall as quickly as they rise during large swings in the spot price. This means the relative premiums they are charging above spot seem to increase on large dips in the spot price.
  14. Like
    Shep got a reaction from StackerCollector in Today I Received.....   
    Visited the Royal Mint today for the VIP tour. Picked up two 2022 strike your own proof sovereigns.
    Well worth the tour just to be able to pick up the coins at near issue price….  and the fact I was able to do my own QC on them!
     

  15. Like
    Shep reacted to Happypanda88 in GOLD DEALS - (UK & Europe) See a deal, post it here   
    This is an example of what happens when someone buys a low demand / high supply overpriced proof coin. 
  16. Like
    Shep got a reaction from TheShinyStuff in 2022 Jubilee Sovereign.   
    They (bullion) will hold a small premium but don’t go getting scalped panic buying. 
    Same with the any of the 2022 proof coins, prices are exploding due to scalpers and the human condition of the fear of missing out. Whilst probably a good buy for the future, wait a couple of weeks / months and the price will likely correct downwards again once the hype has dispersed.
    The Queen has been on every single U.K. coin / note etc for the last 70 years and everyone is going about like anything with her effigy or cypher on is getting melted down next week.
  17. Like
    Shep reacted to Stuntman in 2022 Jubilee Sovereign.   
    Take your chances on eBay.  It's probably worth eleventy million pounds, currently.
  18. Like
    Shep reacted to Leonmarsh in Today I Received.....   
    Recieved today a stunning 4 sovereign set all graded NGC 70 Ultra Cameo 
    The double is simply a thing of beauty 
    RIP your majesty I will hold your coins with pride, her death affected me more than I had ever thought so felt compelled and managed to secure at a non arse penetrating price








  19. Thanks
    Shep reacted to Orpster in Doubled Premium in 1 Week on 2022 Gold Sovereigns - Cynical Rip-Off?   
    I spoke to Tavex yesterday to chase outstanding orders which I had placed prior to the Queens passing.  Chap on the phone said they had increased price on 2022 sovereigns to control demand as they were receiving a volume of orders they knew they would be unable to cope with in a timely manner.  The issue was compounded because they had given people time off as they did not intend shipping Thu/Fri last week because of postal strikes, they have had to have people working overnight since to get orders ready for despatch and they will not clear the backlog until this afternoon at the earliest.  
    I guess the proof of the pudding will be the price levels when things calm down again.  If there is a criticism of Tavex to be made here is is that they have proven they cannot flex to demand, but these were exceptional circumstances so I for one am happy to wait a little longer for my orders.  
     
     
  20. Like
    Shep got a reaction from goldmember44 in Today I Received.....   
    Visited the Royal Mint today for the VIP tour. Picked up two 2022 strike your own proof sovereigns.
    Well worth the tour just to be able to pick up the coins at near issue price….  and the fact I was able to do my own QC on them!
     

  21. Like
    Shep reacted to sixgun in Confused and need help   
    Well it doesn't look like this chap got any reasoned advice, just another episode of the Naughty Boys' Step.

    Elliott Wave is based on observed group psychology and that it moves it 5 waves. i have seen EW charts plotted and reinterpreted and reinterpret to fit - why aren't all the EW experts billionaires?
    If you say EW works and that gold is going to $1000 very soon - then i am not sure why you are asking the question about the gold price - you will be in cash waiting for the collapse of the gold market. 
    Gold hasn't been at $1000 since 2007. We have had off the wall QE expansion in money supply since then. The inflation has sent every fiat down the pan. The Western financial system could fold at any point. Two military super powers are locked in a proxy war in Ukraine. Russia is now escalating the conflict. We see an energy crisis in Europe and riots around the world as a consequence of shortages.
    The price fixing grip of the COMEX and the LBMA on the precious metals markets is being broken - Russia is opening a global gold exchange - The Shanghai gold exchange is being used to arb many tonnes of gold out of the West. China/Russia have the gold - many times more than the amounts claimed by the bankrupt Empire of Chaos. He who has the gold makes the rules. There are other gold trading centres being set up. The BRICS will have their commodity backed currency. The world is de-dollarising by the day. 
    Why would gold go to $1000? 
    The fundamentals are very strong for gold. Accepted the paper price, the dot on a screen could go to zero but like in the March 2020 crash, especially the silver crash, the paper price went to $11 but for those paying close attention they noticed that very quickly the price of real physical silver went shooting up, many US dealers were sold out. i do not see gold falling significantly and certainly not to $1000 - if the dot on a screen fell you wouldn't be able to buy gold at anything like that price. If something mad like that happened it would be part of a fiat collapse against the USD and certainly our GBP members would be struggling. But whatever you wouldn't be able to buy physical. Physical would be sucked up that hard it would be worse than a whore on double time. 
    The usual advice from the old timers is to start buying and keep buying - buy when you see a decent deal - buy in bits - a price averaging drip drip process. 
  22. Like
    Shep got a reaction from silversurf in Today I Received.....   
    Visited the Royal Mint today for the VIP tour. Picked up two 2022 strike your own proof sovereigns.
    Well worth the tour just to be able to pick up the coins at near issue price….  and the fact I was able to do my own QC on them!
     

  23. Like
    Shep reacted to Tn21 in Confused and need help   
    Right, the picture is very clear for me when it comes to gold.
    It is a good place to park some capital in, don't expect fireworks/100x returns. What you can expect is a steady appreciation over time for the physical products. I am under the impression that spot will climb but it will obviously fluctuate up and down. Having said that a crisis similar to that of 2008/2009 it will most certainly have an impact on the price of AU so expect some downside if and when a scenario comes. 
    If i do buy i forget about it and put it in the distant memory.
    sub 1kUSD tough ask in my estimation. 
     
    You have to decide whether you have the appetite/balls (does not have to be big in the case of AU) to buy for the right reasons:
    preservation of wealth over the long time
    forms part of asset allocation
    hedge against inflation
    many more which im sure you have read about and seen. 
  24. Haha
    Shep got a reaction from Tortoise in 2022 Jubilee Sovereign.   
    They (bullion) will hold a small premium but don’t go getting scalped panic buying. 
    Same with the any of the 2022 proof coins, prices are exploding due to scalpers and the human condition of the fear of missing out. Whilst probably a good buy for the future, wait a couple of weeks / months and the price will likely correct downwards again once the hype has dispersed.
    The Queen has been on every single U.K. coin / note etc for the last 70 years and everyone is going about like anything with her effigy or cypher on is getting melted down next week.
  25. Like
    Shep reacted to LawrenceChard in 2022 Jubilee Sovereign.   
    I guess you are referring the the bullion versions of both.
    Do you guys feel the 2022 Jubilee Sovereign will hold a premium in the future due to the sad passing of the Queen?
    Yes, a slight premium compared with most definitive years, because of type collecting.
    Also do you feel the 2023 Charles III Sovereign will hold a premium in the future due to it being the first of the new King?
    While this is usually good interest and demand for the first coin of each new monarch or design, this is usually at its greatest at the time, then dwindles to some extent over time.
    An example might be 1887 Queen Victoria Jubilee Head sovereigns. this was the first year of the design for her Golden Jubilee, and still the most popular date. Fortunately, especially with the London Mint issue, lots of people stashed one or morw away at the time, so that they still tend to turn up in minty condition more than other jubilee heads, or other mints.
    I also guess you are asking because you are thinking of buying one or both.
    If you like them go ahead and buy one of each. As long as you don't stampede into paying a stupid price / premium for them, they should be a good investment.
    the 2022 gold double sovereign will also be about 100 times rarer.
    Did anybody mention they are on a special TSF free postage offer from a well-known Blackpool bullion dealer?
    Buy one before they sell out, and you might also win a 2022 gold sovereign, which would definitely be a good investment!
    😎
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