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Magritte

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    United Kingdom

Reputation Activity

  1. Haha
    Magritte reacted to Ted1945 in Where is Lawrence Chard?   
    Is it possible he is just in the phone queue to the RM QC department ?   a few ahead of him still believe WW2 is still raging
  2. Haha
    Magritte reacted to ChardsCoinandBullionDealer in Where is Lawrence Chard?   
    He's also not behind bars! ...possibly gold ones though...



     
  3. Like
    Magritte reacted to ChardsCoinandBullionDealer in Where is Lawrence Chard?   
    📣 Attention, everyone! 📣     Rumour has it that our beloved Owner, Lawrence Chard, has met some rather extraordinary fates recently. Speculations about his demise, the sale of our business (Not true), or even his intergalactic escapades have been floating around. Lawrence Chard is alive, the business is thriving, and he's very much here, working his magic behind the scenes.        
  4. Haha
    Magritte reacted to CazLikesCoins in 4-6 month wait for bullion sovereigns from Chards   
    That's next day delivery compared to Royal Mint times.
  5. Like
    Magritte reacted to SiCole in 2022 jubilee double sovereign bullion   
  6. Like
    Magritte reacted to matt1r in High grade Victoria Jubilee Crowns   
    1887 - Proof like minor hairlines on close inspection £195
    1892 - toned £135






  7. Like
    Magritte reacted to flyingveepixie in Investment Advice Needed Please   
    Buy UK legal tender coins - no CGT.   Gold is better than silver because there is no VAT on UK gold Sterling denominations.  Write it all down explaining what you have, and place your writings in with your will. Explain that if you pop your clogs, there exists a store of wealth which might need to be sold, and if it needs to be sold, a little bit of research would need to be done regarding special years for sovereigns,  the difference between bullion and proof coins, factors which affect spot price of gold and silver, etc etc, and if all else fails, and as a last resort if the family can't deal with it, then instruct them to shove it in the boot and take a drive to Chards in Blackpool, or your alternative preferred dealer, who will buy it for probably less than spot, but at least the family will be able to free up the much needed cash when the time comes..
     
  8. Like
    Magritte reacted to dicker in Investment Advice Needed Please   
    I don’t really give people specific advice but in general terms:
    - Pound cost averaging makes sense
    - Spread risk and portfolio
    - Pay off debts as early as possible
    - Invest using a risk model that matches your age.  If you are 25 you can take more risks than if you are due to retire in 5 years.  
    It’s easy to get carried away with “gold will be at 20k an ounce by the end of the decade etc etc etc”.  Just look at things in the round.  
     
    Best
    Dicker
  9. Like
    Magritte reacted to Tn21 in Investment Advice Needed Please   
    The benefit of physical metals is that it is tangible and somewhat off the records to an extent. 
    Buying coins or bars in theory should not make much of a difference (gold is gold) but as you may or may not know sovereigns and Britannias are capital gain tax exempt for the time being atleast. 
    Having standard bullion sovereigns will be easier to liquidate and there is no real need to worry about valuing them at the time unless they are special year designs or key dates. If you did go down the standard bullion sovereign route you can rest easy knowing they can atleast achieve 98% of spot at the time. 
    From what I have understood and experienced about gold so far is that it will be a fantastic private pension. Given your time horizon I think you & your family could probably utilise the metal at the time of retirement. 
    Whether you pass it down or sell it to fund a car,holiday,house work, children's education etc the hope would be it would have appreciated over time the 20 years. 
    I think you will have to also establish whether or not your family take a keen interest over the years if not your better of selling it and giving them the £. 
    Coins or bars get anything and everything. Others will disagree but over time you may develop a liking for one more than the other. 
  10. Like
    Magritte reacted to Orpster in What would you do? Gold buying dilema   
    If you want to be able to hold and appreciate it, avoid proof as handling it will immediately devalue it.
    I am not a fan of modern proofs, especially from the Royal Mint who's premiums have gone up as fast as their quality control has gone down.  For your money you can get a nice full tube of memorial sovereigns or some first year KCII Britannia's, then you can handle them while pretending to be a pirate (which, cough, I have heard some people, cough, may do)
      
  11. Like
    Magritte reacted to Touvex in Gothic Crown Quartered Arms 10oz Silver Proof   
    925 only. RRP was 1020 which I paid for upon release, but now need to fund another purchase. Plus post of choice. Thanks.











  12. Like
    Magritte reacted to GrahamDiamond in How to save/pay of mortgage/ pension ect ect   
    The only reason paying into a company pension for me is  the FREE Life Insurance. Most firms pay 5 times your salary if you die in work. Peace of mind for me and the other half, if either of us dies whilst in work, the surviving person will be able to live a reasonable life thereafter. I agree GOLD is a good way to save instead of a pension, I have built up a tidy stack since 2017.
  13. Like
    Magritte reacted to SiCole in How to save/pay of mortgage/ pension ect ect   
    Personally if I was you I would look into doing additional things in your spare time to make extra money. 
    I used to purchase things, refurbish them and then sell them for a premium. I ended up making more doing that than I did in my PAYE job so I went full time into that. Once that business was successful and on good financial standings i invested part of the profits into property with residential buy to lets and flipping. Now I've moved more towards commercial industrial units (like a lot of pension companies do).
  14. Like
    Magritte reacted to MagnusOpum in How to save/pay of mortgage/ pension ect ect   
    This is exactly my frame of mind too - I've worked in finance and pensions long enough to know that tangible assets (things to own and enjoy that have intrinsic value and you're not sentimental about) are much better. 
    Lego is a superb example and not to admit to being a total nerd but some of the sets and pieces I collected ten years ago now net a 200% return! Who's laughing now wifey 😂
     
  15. Like
    Magritte reacted to ZRPMs in Newbies, how do you see the current bank turmoil and the effect on gold?   
    One of my mentors once said to me when I was worrying If I was about to over pay for the house I'm in. He said " I don't know why your worried. It may look a bit expensive in the moment but once a year or two have gone by. and you look back. The house will look cheap." I think is the same with gold. I remember my grandmother buying a sovereign for about £36 when I was young. the conversation in the car on the way home between my mother and her was along the lines of my mother telling her she shouldn't have wasted her money. I know the time scale is large but £36 from the 80's in gold or cash. Which would you choose.  
  16. Super LOVE
    Magritte reacted to Gruff in Newbies, how do you see the current bank turmoil and the effect on gold?   
    Something to ponder... if you feel that £1650/oz is too high, and you're sitting with £20k in the bank, how would you feel if you woke up one morning and overnight you'd been part of a bank bail-in and now you have £15k in the bank and a 100 shares in a worthless bank?

    As @Tn21 says, average purchases over time even out the blips and dips and at least you have something to show for it. 

    I put the below together for my missus' friends who had inherited some FIAT and were concerned about it sitting in the bank (This was in September/October last year). I know that there are several people on here that echo the same thoughts, keep enough FIAT in the bank to pay several months bills and then choose wisely what to do with the rest. Keep adding to your stack is one option, but even asking opinions, is simply that. What serves one, won't serve another. The banking industry is the wild west and we need to remember that. They play fast and loose with our deposits (that aren't ours once deposited, they are unsecured loans to the bank), so the current turmoil should serve as a warning and a reminder to not keep all your eggs in a FIAT basket.

    Just my two pence worth
     
    UK Bank regulations:
    https://www.bankofengland.co.uk/paper/2021/executing-bail-in-an-operational-guide-from-the-boe
    - Check out the PDF on this page "Executing bail-in: An operational guide from the Bank of England"
    - This details basically how they banks can enact this scenario. However there is no mention of a limit or amount at which the bail-ins get taken. Eg: £85000 and above
    https://www.bankofengland.co.uk/freedom-of-information/2021/questions-about-bail-in-and-customer-deposits
    - Whilst they state that protected deposits are protected (FSCS Protection £85,000 per account per banking license**) and you wouldn't lose any money, you might not be able to access it for a period whilst the bank stabilises itself. As you could imagine, if a bank did perform a bail in, a lot of customers would want to move banks. This could trigger a further requirement for funds.
    - I wouldn't take the above to mean that upto £85,000 or £170,000 on the joint bank accounts would be safe, we know how the Central Bank and Government like to change the rules to suit
    ** - FSCS determines that an individual can have upto £85,000 or £170,000 jointly protected by a banking license.
    - https://www.fscs.org.uk/making-a-claim/customer-info/banking-licences/
    - As of March 2020 (PDF below ~52 banking licences that cover over 350 Managed Financial Institutions)
    - https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2020/fscs-banking-brands-march-2020.pdf
    https://www.gov.uk/government/consultations/bail-in-powers-implementation-including-draft-secondary-legislation/bail-in-powers-implementation
    - The Bank of England links above are backed up by the UK Gov website
    - This does however state the following:
    The BRRD also includes provisions regarding the ranking of deposits in the insolvency hierarchy in what is currently Article 98A (subject to renumbering). It requires Member States to ensure that:
    “eligible deposits – that is, deposits of any amount that qualify for protection under the Deposit Guarantee Scheme (in the UK, the Financial Services Compensation Scheme)
    – from natural persons and SMEs, have a higher priority ranking in insolvency than the claims of ordinary unsecured creditors
    covered deposits – that is, deposits that qualify for protection under the Deposit Guarantee Scheme, up to the coverage limit (in the UK, £85,000) shall have a higher priority ranking in insolvency than the part of eligible deposits from natural persons and SMEs that exceed the coverage limit”
    As outlined above, the government is seeking views in the consultation on the transposition of certain aspects of the BRRD. The government will consult on transposition of the remainder of the BRRD in due course.
    As for stacking physical PMs, the best company in the UK to buy from is Chards.
    https://www.chards.co.uk/
    The majority of the PMs that we have purchased come from them. This is for larger bulk purchases.
    https://tavexbullion.co.uk/
    Tavex is a European PM dealer that has recently opened in the UK. We’ve made several purchases and their customer service is the best I’ve found. Their smaller volumes of coins are the cheapest in the UK.
    European PM Dealers:
    https://goldsilver.be/en/ (Recommended from a TheSilverForum.com member)
    https://www.coininvest.com/en/ 
    https://europabullion.com/ 
    Stacking physical PMs won't make you wealthy or rich, it is however more over a hedge against inflation and better/safer than having all your net worth in a bank account that attracts no interest and bank sharks.
    If you are wanting to stack Silver/Gold I would recommend starting with Britannia's/Sovereign's (Gold only) as they are exempt from CGT. Bars typically attract CGT on either PM, as do coins and bars minted outside of the UK.
    Whilst both are legal tender (have an ascribed face value), silver is subject to VAT for whatever reason (I have a theory and happy to divulge if interested).
    So with Silver, you'll effectively be in negative equity in the short term. But if you plan on holding for a longer period than you will more than make up that initial additional expenditure as base currencies are devalued by ever more QE and debt currency creation.
    Gold Britannia's are VAT and CGT exempt, but obviously cost more.
    For both, the more you buy the smaller the premiums, this is the dealer/seller markup based on market dynamics of supply and demand to a certain extent.
    I would also suggest some smaller denominations less than 1oz. If we do find ourselves in a nightmare scenario (otherwise known as an SHTF) or an internet blackout (pray we don't) having smaller 1g/10g/0.5oz denomination silver might be useful for payment/barter as well having some cash on hand.
    This should cover most of the bases should you need to buy goods, pay bills.
    The below is a list of links from a friend of mine @HerefordBullyun. Thought I would share this list of the best financial related documentaries I’ve watched. I am listing them in my favourite order. If I can provide links I will.
    1. The four horsemen (link to watch)
    Great documentary and sums up (link in name) i actually believe that children should be taught this in their late teen's. Gives an overview how the world is today and correlation with war, economy, business and how the 1% work. If you’ve never watched this - you should and make your family watch it. But points to why you strongly why you should hold PM's.

    2. The Century of Self  (link to watch) - Adam Curtis
    Shows how the theory of how Freuds nephew applied psychological techniques to sell to the masses, and these techniques still work till this day. Intriguing and well researched. How Freuds nephew become a very rich man. Curtis Is great documentary writer.  Hypernormilisation and Bitter Lake are well worth a watch. The latter explains about how the birth of the mess in the middle east foreign policy and the mess we are in now.
    3.  Inside Job - Rotten tomatoes review -98% but you can get on various platforms
    An in-depth analysis of 2008 financial crash. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with major financial insiders, politicians and journalists
    4. The Big Short - on Netflix and Prime
    How Deutchse bank got shafted by Goldmans in a nutshell.
    5.  Overdose - the next financial crisis(link to watch)
    Explains about how the bankers can continue to kick the can down the road by increasing debt.
    6. Money for nothing - inside the federal reserve  Imdb review but you can get it various platforms
    Shows all members of the fed in all their glory - NOT  Especially Alan Greenwankspangle
    7. 97% owned(link to watch)
    Really good UK docu. 97% Owned is a new documentary that reveals how the creation of credit and the mystery that surrounds it, is at the root of our current social and economic crisis. Referring to the 97% of the world’s money supply that is represented by credit this thought provoking film presents serious research and verifiable evidence on our economic and financial system and is the first documentary to tackle this issue from a UK-perspective.
    Hopefully that is not an overwhelming amount of information for you in one go. I am more than happy to have a chat about this further.

     
  17. Like
    Magritte reacted to Tn21 in Newbies, how do you see the current bank turmoil and the effect on gold?   
    Hi, 
    As you have previously purchased from yours truly I would like to offer my opinion. The price action between £1600 &£1640 is miniscule and I don't think should be the basis of your decision whether or not to purchase. 
    If you don't mind me saying -
    If I remember correctly when you purchased the items of me, spot dipped and quite significantly too.  
    Right now the items are under spot. 
    No one can time purchases, because there are quite a few variables in play such as spot price, exchange rate USD-GBP and premiums on coins, politics etc.
     
    Depending on how much you want to buy I would suggest you average your purchases out during a period of time. 
    Gold only popped off recently due to the SVB / banking issues. If this event did not occur there was a slight amount of negative sentiment towards the metals and I don't think prices would be anywhere near where they are now. 
    In the grand scheme of things £100 here or there does not really make that much a difference. 
    I simply take pleasure in the fact that I have a tangible asset which is away from the 'banking system'. 
    Buy as and when you see fit 😉
  18. Like
    Magritte reacted to Spyder in New increased insurance on Special delivery   
    If like me who uses stamps. The first class stamp is rising to £1.10. Best saving investment in the market today. Buy stamps today at 95p and next week be 15p more. Beats inflation better then silver and gold.
  19. Like
    Magritte reacted to Spyder in New increased insurance on Special delivery   
    This was on the RM site about two weeks ago. upper and middle not changing. Prices seem the same. 

  20. Like
    Magritte reacted to Solachesis in New increased insurance on Special delivery   
    bleh, £800 would have been nice! allows for 2 normal sovs, a double sov, or potentially a half ounce to go in the cheapy bracket.
    3 x 10 oz heraeus bars though! that's cool.
  21. Like
    Magritte reacted to Foster88 in The Gold - New BBC drama starting Sunday 12th February   
    I thought this might be of interest here on the forum, for those who haven’t seen the adverts, a new drama starts next Sunday called The Gold about a 1983 robbery of three tonnes of gold in London.
    Some of you might even remember it at the time. Here’s the trailer and no I don’t work for the BBC. 😆
    I just thought it might be of interest to my fellow TSF members as it does look like it could be a good series.
    Now, what would you do with three tonnes of gold….
     
  22. Like
    Magritte reacted to dicker in The Gold - Brinks Mat Robbery Story   
    I bought the latest book on the Brinks Mat gold robbery.  Actually a pretty good read.  
    Finished it in one day while sitting in a pool in Bangkok….so yes fairly riveting.  


  23. Haha
    Magritte reacted to Uksilverstackers in What happens if the debt ceiling raises   
    This pretty much sums it up, figures might be a bit out of date now though.....
     

  24. Like
    Magritte reacted to LawrenceChard in Britannia Misinformation by a Reputable Dealer   
    Britannia Misinformation by a Reputable Dealer
    Anyone can make a mistake, but when "experts" are airing their knowledge to educate and impress customers with their vast knowledge, they ought to check their facts, and get things right.
    According to one of our competitors:
    These will be the first ever Britannia coins not to feature Queen Elizabeth II, marking a new chapter in this iconic British coin series.
    This is of course incorrect.
    The first ever Britannia coins were issued by the Ancient Romans. Here is a page of information about them:
    https://www.chards.co.uk/blog/roman-britannia/338

    Britannia Seated on the Reverse of an As of Antoninus Pius
    The first British coins to feature Britannia were farthings issued in 1672, and had King Charles II's portrait on the obverse, and were quickly followed later that year by halfpennies.
    Here is a page about these early British copper coins:
    https://24carat.co.uk/frame.php?url=britannia2.html

    Britannia on 1672 Copper Farthing of King Charles II
    There were then tin halfpennies and farthings issued from 1684 which still had Charles II's head on the obverse, as well as Britannia on the reverse.
    More of both denomination continued in tin for James II, then William and Mary, until 1692.
    From 1694, copper halfpence and farthing production was resumed for William and Mary, then William III.
    Copper Britannia farthings of Queen Anne are a famous rarity, and no halfpennies were produced for her.
    Britannia farthings continued during the reigns of George I, George II, and George III.
    There were even copper cartwheel pennies and twopences issued in 1797. These featured Britannia, and were the first two ounce and one ounce Britannia coin.

    Britannia on 1797 Copper Cartwheel Twopence Weight Two Ounces
    Copper Britannia pennies, halfpennies, and farthings were issued for George IV and William IV.
    There were also Copper Britannia half farthings and third farthings issued for both of these Monarchs.
    For William IV, there were silver groats, with a denomination of fourpence, issued in 1836 and 1837. These were the first ever British silver Britannias.

    Britannia on 1836 Silver Groat of William IV
    These Britannia groats were continued for Queen Victoria from 1837 to 1862.
    Copper pennies (1839 to 1860), halfpennies (1838 to 1860), farthings (1838 to 1864), half farthings (1838 to 1868), third farthings (1844), and even quarter farthings (1838 to 1868)were issued for Queen Victoria.
    Bronze coinage generally replaced copper from 1860, including Britannia bronze pennies, halfpennies, and farthings.
    These were continued for Edward VII. George V, and George VI, although the George halfpennies featured a ship and his farthings featured a wren.
    That is a long list, and I may have omitted some coins, please let me know if I have.
    I am always wiliing both to learn and to correct my errors.
    😎
  25. Like
    Magritte reacted to Bigmarc in How did metals perform in 2022   
    Really bored at work last night so thought I would have a look how certain things performed in 2022. I used the macro trends website and looked at the price on the 1st of Jan 2022 and compared to current price. If I am slightly off it was 3am so don't shoot the messenger but interesting to visualize. 
    Metals
    Gold (4.9% down), silver (0.54% up), platinum (4.4% up), palladium (16% down), copper (88.46% up), tin (44% down). 
    Crypto 
    BTC (64% down), Eth (67% down).
    Top companies
    Apple (25% down), Google (38% down), Microsoft (27% down), Amazon (49% down). 
    Copper seems to be a clear winner for the year and is interesting to see how it's unaffected from the downturn. The most disappointing for me is tin as both are used in industry and would thought they would be more aligned. metals in general have held up well considering everything else. 
     
     
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