LawrenceChard

Still waiting for the callback!

Still no sell out, but there is a price increase. The kilo gold price just went up from £68,380, which was already £5K more than the Completer, but is now showing as £72,295 - An increase of £3,915 in a couple of hours! £68,380 at 9.00 this morning, then... £72,295 before midday today!

Eeyore eeyore eeyore, eey always says that. 🙂

It might have been for copyright or Trademark reasons.

@AndrewSL76 started a similalr topic at about the same time as you:

Ours looks better! 🙂

I don't know why the yellow version doesn't display without clicking it. I'll re-post it: ... and see if that works. I am waiting for photographs of the sovereign I tested, and will include the results with the photos, possibly later today, or tomorrow.

How about these? 🙂 Yummy yellow / glowing gold. or... Rotten red or pukey pink. It took hours and hours to do these!

What, for when they want to check their "facts"? 🙂

I got an interesting XRF test result yesterday. I would call it exciting, but that might be over-selling, even though it was a first... ... results to follow with photos.

Just waiting for my call back! 🙂

The right colour? Yummy yellow or rotten red? 🙂

Sure, it was just a quick, first shot. What, the RM confues people? Never! 🙂

You missed out "Oldfella Pili-Pili Him Bilong Misis Kwin" or perhaps: "Number One Bigfella Him Bilong Misis Queen"

Modern shield reverse sovereign did you say? ... or did you have a different shield design in mind?

Bt special request: I know this thread is about a new sovereign reverse, but this look better in silver than gold (or it could be platinum).

Well, at least it won't be easy to see any imperfections! 🙂

What makes you think there are any of the kilo golds available? (Presuming you are referring to the QB Completers)

Your mention of the "London Metals (sic) Exchange" is a red herring, as the LME are not a major trading exchange for precious metals, they specialise in base metals, with some ferrous metals. The main UK market for gold is the London Bullion Market. Many, if not most, trades are made directly between members of the LBMA. This is often known as OTC (Over-The-Counter). "Over-The-Counter or off-exchange trading is done directly between two parties, without the supervision of an exchange. It is contrasted with exchange trading, which occurs via exchanges." Other exchanges and markets do exist, including COMEX.

... and my dentist gives his girlfriend 7 apples when he goes skiing for the week, because: an apple a day keeps the doctpr away.

What make you think I do "not know of the LME"? I certainly did not say so, although I did not mention them, which does not mean I have never heard of them. I suspect I know more about the LME than you do, although I do not claim my knowledge of LME to be universal. Certainly LME are not the bigget or most important exchange for gold or other precious metals, and I was going to state that, but I like to double check my facts. Looking at the LME website, I find: "LME Gold* 1,780.00 LME Silver* 26.115" but as these are asterisked, I read on.. "*Gold and silver spot prices, per troy ounce, established basis LME select trading: 18.29-18.30", and I would be the first to admit I do not understand that, so I clicked through to LME Gold: "LME GOLD LME Gold combines daily prompts (including spot) out to 25 days with monthly and quarterly dates along a tradeable five-year forward curve. In this way, the system seamlessly blends the daily structure of the London over-the-counter (OTC) market, and the monthly futures approach of existing exchange offerings. The contract can be traded electronically from 01.00 to 20.00 (London time) via LMEselect, and through the 24-hour inter-office telephone market. Market participants can access LME Gold prices for free using LMElive." Looking further down the page: "LME GOLD VOLUMES AND MARKET OPEN INTEREST TRADING DATE VOLUME1 OPEN INTEREST2 25 Jun 0 - 24 Jun 0 417 23 Jun 0 417 22 Jun 0 417 21 Jun 0 417 18 Jun 0 417 17 Jun 0 417 16 Jun 0 417 15 Jun 0 579 14 Jun 0 579 11 Jun 0 579 10 Jun 0 579 09 Jun 0 579 08 Jun 0 579 07 Jun 0 579 04 Jun 0 579 03 Jun 0 579 02 Jun 0 579 01 Jun 0 579 1 Volumes are quoted in lots and published T+2 days in arrears" So, it appears that the total LME trading volume for 25 days in June was 0. This confirms what I have long known or believed, that LME is not a major or important exchange or market for gold, although it may be more important for silver. Wikipedia says: "Precious metals Contrary to popular belief, the precious metals, gold and silver, are not traded on the London Metal Exchange, but on the over-the-counter market usually referred to as the London Bullion Market, by the members of the London Bullion Market Association. Platinum and palladium are traded on the London Platinum and Palladium Market. Both members of the LBMA and LPPM trade the precious metals spot market on EBS (Electronic Broking Systems)—acquired by ICAP in June 2006. Many companies involved in minor metals are members of the Minor Metal Trade Association. The LME used, however, to provide trade matching and clearing services to the London bullion market and distributes gold, silver, and gold IRS (interest rate swaps) forward rates on behalf of the LBMA." The above may help to explain why I failed to mention the LME. 🙂 I

Does anyone know what spot price Bullion By Post uses? i.e. where they get their spot price? You could look on their website to see if it discloses their source, or you could ask them. They will probably say it is commercially sensitive information. An underexposed and annoying issue with "the" spot price is that no one seems to know what price they're talking about, or where it's coming from. There are lots of people in this world who don't know what they are talking about, but it doesn't stop them. In fact, the less they know the more they talk! There is no such thing as the spot price for gold or silver, as in a worldwide spot price independent of any specific market or exchange. The only spot prices that actually exist come from specific exchanges like COMEX, Shanghai, etc. I have no idea what is normally used by British dealers. There might be an exchange in London – I'm not sure. (I mean for up-to-the-second spot price, not things like the LBMA gold fix that happens twice each weekday.) Spot price can mean at least 3 different things. It is a shorthand way of saying the current or live price on the "spot" market. "Spot market" itself can mean more than one thing. Its general meaning is the market for immediate (often 48 hours) settlement. In futures markets, it usually means the price of the current or nearest settlement month. I posted about this last year, asking where people were getting their spot price, meaning which market or exchange. As I recall, no one knew. Nobody asked me. 🙂 We get our price feed from FastMarkets (they used to be called BullionDesk). It is a paid feed, and the fee depends on usage, number of metals, currencies, shares, etc., supplied, and whether you want them all "live". You could try asking them their sources, but may not get an answer unless you are waving a high value potential contract at them, and even then, probably not. Even the owner of this forum didn't know where his spot price was coming from, the one displayed at the top of the site – he said it was the World Spot Price, but that doesn't exist. The spot price feeds on different dealer websites differ significantly, and I've never figured out why that is. There will be latency in any system. Most dealers will be using a service like we use from any of a number of suppliers. These might include Reuters, Bloomberg, and others. It may depend on whether their data is continually "pushed" from their feed supplier, or whether they poll it, and how frequently. Then it depends on how frequently they refresh their own feed output. The more frequently, the more bandwidth they will use on their server, and their internet connection. Real time being the most bandwidth intensive. More than 20 years ago, I looked at getting a Reuters monitor feed. It was expensive. I cannot remember the exact figures, but it went something like this. £6,000 per annum for one monitor, plus installation or set-up charges. Extra charges for almost every price feed requested. The cost of an ISDN line installation and rental, plus usage (call) charges. These could have been hundreds or thousands of pounds per month. None of this included a licence to publish or share the supply. I guess something basic might have worked out at about £20,000 per annum. This was all in "old" money, probably worth two or three times in current money. Modern day prices have dropped, and you could probably get a basic feed for a few thousand pounds per annum. Our supplier used to do a "free" feed, but it had to carry their branding, and we did use this many years ago. It was supplied as images, to ensure that free users could not easily share it live. @ChrisSilver probably does know his feed supplier, but is perfectly reasonable to withhold the information. There was a 42 cent difference at one point between APMEX and SilverPrice.org, and that was when silver was under $15.00 per ounce, so it was a huge disparity. Now you know why! There is a lot more I could add, but remember what I said in my fourth line?

Who are they(B****** ** ***t)? ... What's wrong with Chards? 🙂

Nice plaque: with low issue number.

Royal Mint - please note new coin ideas: The End of a Dynasty The End of British Monarchy The Unroyal Mint The Last Coins Ever with the Queen's (or King's) Head Struck Down on the Day Republic of Great Britain... ...more suggestions invited. If the RM use any of these, do you think we could get "Royalties", or would they cease to be? 🙂