Shep

They’ll be bullion grade. Best f buying bog standard sov a unless you’re doing a date run.

Just in case anyone was ever in doubt - except it was much more widespread and involves the central banks.
JPMorgan gold desk ripped off market for years, jurors told
https://themalaysianreserve.com/2022/07/09/jpmorgan-gold-desk-ripped-off-market-for-years-jurors-told/

Yesterday the Fed released the minutes from the FOMC’s July meeting. There were few surprises, but two things really stood out; members are anxious about inflation and they’re anxious about a recession.
As you will read below, this is good news for the gold price and anyone who has already decided to invest in gold.

This might sound odd as generally an increase in interest rates is believed to be bad news for those who own gold bars or coins, but actually, history shows that when central bankers and governments get nervous about the economy then we are set to see a positive environment for gold and silver prices.
Jim Rickards and Gareth Soloway on Metals, Markets and Money
 
The economic cycle never stands still. In fact, the global economy is such a tricky thing to comprehend we almost pity the central bankers who believe any effective control over the economy is possible! Needless to say, they are once again wrong.
Central banks have been lifting interest rates to combat inflation. But those same interest rates have caused a recession. Or may it be fairer to say that recession had already begun before interest rates rose, but the bankers could not see the recession starting?
Either way the world is rolling over now from rising inflation fears into recession fears. Signs of recession setting in are popping in many data sources.
When will this recession end?

The U.S. is most likely in recession, which is two consecutive quarters of negative GDP growth. 2022’s first-quarter U.S. GDP growth came in at -1.6% and the Atlanta Fed’s GDPNow model currently estimates that second-quarter growth will be a negative 2.1%.
And since one definition of a recession is 6 months of negative growth…we are already in one and it began back in January – surprise!
The next big question is – when will this recession end? Followed by asking how deep will it get? Further questions will be about when central bankers decide to reverse course and lower the interest rates they just rose.
Remember the central bank playbook is quite a short document. They raise rates to fight inflation and lower rates to fight the recession. They continually ‘provide liquidity’ when not playing with interest rates.
Source: Atlanta Federal Reserve It’s not just the U.S. feeling the squeeze. Bloomberg reports that U.K. real household income is forecast to decline a record 2% this year.
UK Households Face Record Income Squeeze chart And growth is expected to decline for 2022 in Japan as real household disposable income declines and the misery index climbs.
The misery index is measured by the sum of the unemployment rate with the annual change in consumer price inflation.
Japan Misery Index, Real Household Disposable Income Chart The equity markets, with steep declines this year to date are reflecting that recession has already begun.
And bond yields are also signaling recession with 2024 interest rates lower than today’s rates. And even oil has declined to under US$100 this week because markets expect that consumers will fly less and drive less.
What does gold do during a recession?
Recessions are not generally good for gold. But recession fighting by governments and central bankers is very positive for gold! Politicians always print money as a response to the recession and this time will be no different.

The continual growth of government printed money has accumulated for decades. This accumulation is why gold prices move ever higher over time.
Gold Price Chart And even though gold and silver generally decline at the beginning of a recession a study put out by Bloomberg shows that since 1971, when then President Nixon ended the gold standard, that gold outperformed the S&P 500 for the two-year period surrounding recessions by 50% on average.
That two-year period is measured one year before the recession and one year after the recession.
The largest relative gain was the 1973-75 recession where gold outperformed the S&P 500 by almost 190%.
The relative gain during the 1980 recession was the second largest at almost 115%.  The 1981-82 recession period and the 1990 recession period where the only two out of seven recessions that S&P 500 outperformed gold.
Looking at 2022’s current experience year-to-date gold; has held its value – while the S&P 500 has declined more than 20%.
Gold and S&P 500 performance year-to-date chart This weekend we’re releasing the second episode of our hit new show The M3 Report. Presented by GoldCore’s Dave Russell, The M3 Report brings the viewer the best from GoldCore’s commentary and analysis, top guests, Chart Watch, and bonus clips from industry experts.
In Episode 2 Dave and the team take a cogent look at inflation and the dysfunctional relationship between it and the actions of central bankers.
We also have clips from our latest interview with Dr. Marc Faber, and Gareth Soloway brings us some brilliant chart analysis in Chart Watch.
And, have you ever wondered what you would do if you were Head of the Fed? We asked six of our favourite guests. Be sure to stay tuned to hear their answers!
If you haven’t already then make sure you’re subscribed to GoldCoreTV, so you’ll never miss an episode!
Click Here to Subscribe and Be Notified When it’s Live

I received this from @SilverAngel
 

I could write a little essay on this on how things are and my opinions on things. Sadly I've only got an android phone to pen this reply on 3g connection 
a full stack reveal would be nice one day, but after @mr-dead I would always feel erectile dysfunction here

So i added the 2 sovs required today. 50ozs!
Gonna try and put the breaks on any more gold purchases for now.

Sovereign Saurus

Something old and something new.
Elizabeth I, milled coinage, sixpence, 1562, mm. star, crowned bust D, curly Z in ELIZABETH, wt. 3.05gms. (S.2596; N.2027; Borden & Brown 27-01/R1).
Ex Studio Coins & Christopher Comber Collection. 


 

RM Gold Proof UK £1 Floral Icons Collection   Issued between 2013 and 2014 these four gold proof coins each weigh in at a respectable 18g AGW. When I saw them offered below spot by @shawy2510I decided to offload a few duplicate sovs and half sovs and fill all available boots.    Switching from RM bullion at spot+4% to gold proof at spot-0.5% has rarely been a tough decision. As a somewhat keen collector of PM round pounds this was a particularly felicitous bonus.

Today (recently, lol) I received...
This fantastic and scarce coin which for the time being is the crown jewel of my LMU collection.
The coin is an 1848 Republic of Venice (San Marco) 20 Lire. A one-year edition only, as the revolutions of 1848-49 sweeping Europe generally, and the Italian States in particular, turned out to be fairly short lived.
A total of 5,210 of these absolutely breathtaking 20 Lire coins were minted (I believe in Turin, but I haven't confirmed). The obverse is the Lion of St. Mark, and value within wreath on the reverse.
One thing that I have noticed with graded pieces is there is a prevalence of Prooflike designations for these coins. I've tried to capture the reflective, prooflike nature of this coin but its really difficult to do in photos. In hand, it is amazing to see. A very, very beautiful mirrorlike finish. Angle it in the sunlight the right way and you could signal an airplane with it! One of the nicest coins I've had the privilege to add to the LMU collection and one of the very few raw coins I would consider sending off for grading to validate and conserve it.
 
 

https://cambridgeshirecoins.com/
If anyone is thinking of buying anything from here they can apply the following discount codes!
FREESHIPPING30
for free shipping
SAVE_5 
for £5 off over £10 I believe 

We charge 0% Buyers Premium - only postage on top.  When you open the App there's a button that says Terms of Sale and this tells you it's 0% Buyers Premium.
 
Regards
 
Louise

Everyone should have a double and 5 quid sov in their life...🙂

Full disclosure, I'm no expert on gold prices. But this special offer at Bairds is the lowest price I could find on Gold Krugs.
https://www.bairdmint.com/products/1oz-south-africa-gold-krugerrand
 
EDIT: 'Non-expert' status confirmed. Please see posts below for better prices, seemingly everywhere. I shall retreat back to the shadow realm.
 

Upwards or outwards?
😉

Often the elderly who are 'putting something away for the future' as either savings or inheritance.
The marketing is fierce, morally criminal.

I wish this could be the case. The Royal Mint has cultivated the perfect hype/FOMO combination for its releases. Everything from the 1000000s long queues to the anxiety inducing wait to see if your order is confirmed, and then the further anxiety of waiting to see whether you receive a coin that looks like it’s been run over, all of which feeds the hype and FOMO machine.
I feel many people are driven to purchase these modern releases primarily by the fear of missing out on a potential profit, rather than truly liking the coins. For example, the James Bond and Music Legends in my opinion are just complete trash tier releases fed by unworldly amounts of hype and now people who bought to flip are getting badly burned. 
The Royal Mint knows it can churn out utter sh*te and simply get away with it because if I don’t buy next time, there will be some other mug in the online queue who will take my place. There is no incentive for them to change any of the issues you have highlighted in your post.
I nearly blew my stack when I received my 2022 SOTD Sov this morning complete with tank tracks across the obverse. What makes it worse is that they have the bloody nerve to put that little QC sticker in the box! Its the equivalent of seeing your mashed up coin and then being flipped the middle finger directly by the Mint!! 😡
Much like you this has become a watershed moment for me. For the foreseeable I’m going to stick to buying coins that have a bit of history and a story behind them, I always find I enjoy owning these types of coins much more in any case.

You have to be careful with fractionals.

"No... I'm afraid I lost all my gold in a boating accident. Yes, it was the 'Barnard's Castle Annual Remote Control Sailing Regatta' of '22.  I'm afraid I didn't see the replica of the Bismarck before it was too late, what with my poor eyesight. Luckily, they're great with that kind of thing round there - Specsavers on every corner! Didn't help with my 1/10th Britannias though. They're now part of Davy Jones' locker. Well, his petty cash tin at least."

Karen’s back with a splash

Oh I dunno, I'll have to consult Wonger first.

Another very good acquisitions, beautiful and very elegant french coins.
Unfortunately, my camera should be changed.😁 So, I have added few pictures made by seller (shame on me!).
 
 

Honestly excited, 1st ever 1oz coin I've ever purchased, being bullion I know it may not be in the best condition but i'm hoping for a nice one. Thanks for the help!
 

Off the top of my head, everyone hates Silver so it is probably a buy, Gold is King so is probably a sell and Platinum is about to enter a cyclical bull market due to "supply chain issues" growing industrial demand and long period of under investment in PT mining sector.
In other words... Putin

Golds going up and down more than a whores draws at the moment! 

See below for a perfect demonstration of the Royal Mint hype bubble beginning to burst.