Stu

53 minutes ago, LawrenceChard said:

No, I would have been more vocal if it has been Malcolm Bord's "Gold Coin Exchange". Well done for your awareness.

I only discovered his copyright abuse because a customer asked us to check a number of gold sovereign parcels he had bought there.

There were some fakes, some substandard, and at least one or two foreign items, which I also reported on.

He threatened to sue us for defamation, but failed to go ahead with his threat, for obvious reasons.

😎

Did you approach him in your speedo attire? 

That’s interesting, never heard anything of this. What period do they come from? Got any pictures you could post?

Folk have talked about a wealth grab from pension pots for many a year, I am old enough to remember Robert Maxwell plundering the pensions of his employees, instances are rare and few and far between. Also, many organisations, particularity public sector in the states do not have the resources to keep financing their obligations to members  years down the line, this is something different. The UK government does not have a pension pot for the state pension pot either, it just comes out of general taxation, but let’s not conflate this with private pensions.  I am easily convinced around arguments that the state will take your savings one way or tother but I am not convinced regarding pensions. The reason being is that the wealthy of this nation, I.e, the top percentiles, hold and have acquired more than half their wealth in their pensions. It is one of the best wealth generating vehicles we have and a big tax shelter. Now for the politicians to come along and retrospectively grab this money, mainly from their own? I don’t believe they would go down this route, the elites take care of each other. The wealthy have little in cash and you may find a haircut: bank bail in/ cash grab when the s**** hits the fan but the Uber rich will see this coming and have their assets elsewhere. To me, pensions are safe, have “free” money attached and encourage long term savings with the added benefit of compound interest but obviously folks must make up their own minds. I’m in my 50’s now, folks were decrying  pensions since my youth/ Maxwell era, but I wish I had saved like mad one into a pension from then, would be sitting pretty now and fairly confident it would last my lifetime and leave a legacy to pass onto my kids. 

13 hours ago, 1stsovereign said:

Have had a nice chat today with one of the most respectable dealer today regarding pension plan, well how to avoid brand new tax on it... his advise was very simple buy gold!

Would appreciate other members options/opinions on the matter as I am not a financial advisor.

Thank you

Pension contributions attract tax relief (extra money in) to your pension. You can deposit up to your annual salary amount, with a ceiling of around £40k PA. 
There is a lifetime allowance of just over 1 million £ for your pension pot before you pay additional taxes.

When you crystallise (start to drawdown) your pension, you can take 25% lump sum tax free. You can also take amounts tax free subject to the usual tax free thresholds. Currently around 12k PA.

Gold and other metals can be held within personal pensions via ETF , Royal Mint etc. 

Pensions are one of the best ways of growing wealth in the UK and the allowances are still fairly generous for most. 

4 minutes ago, GoldDiggerDave said:

I'll have a look for you mate.

Please report back by 6am!

4 hours ago, Simmoleon said:

When FOMO becomes JOMO 

Don’t worry guys, I steadfastly sat out on this one all the way so it is bound to rapidly appreciate.   

https://atkinsonsbullion.com/pre-owned/dated-sovereigns/elizabeth-ii-fourth-portrait-1998-present/pre-owned-2002-uk-gold-proof-sovereign-(1)
 

Atties , for anyone wanting a gold proof, golden jubilee,  gold sovereign 2002. Did I mention it was gold😄

9 hours ago, StackerBritt said:

Interesting counter argument, although his voice is almost as bad to listen to as Robert Peston’s 🎧

It’s not so much Preston’s voice as the way he structures and punctuates his sentences I feel. I think he does it on purpose the twat. 

On 03/12/2022 at 15:43, sixgun said:

It's a loan to pay another loan. It will give a few people a breathing space. You can still get overwhelmed with a rising cost of living and rising mortgages payments. There will be some people who survive and are locked into low rates but when things are turning sour for enough people you get a property slump.

HM Government is bankrupt so there certainly isn't the money to bail out the mortgage market. The increased taxes on landlords is very short sighted. If i had property i was renting out right now i would be out, indeed i would have got out a little while ago. The economic outlook for Europe and the UK is not good. It really is not good at all. Like economic collapse - long term collapse. Own your own home. Get rid of any mortgages and debts as much as you can. Maybe think about selling up and renting. i know of someone who deliberately doesn't own a house and is invested in precious metal b/c he firmly believes property values will go down whilst the purchasing value of precious metals will rise significantly. This isn't me, i own outright and have no debt. i am alright as i am but if i can recover all that precious metals from the bottom of the sea after my tragic boating accident, i will be able to buy a street of houses one day. 

Was listening to a podcast yesterday. Guys  take is all the central banks are currently insolvent and that a reset will come overnight after they close all world banks. In comes CBDC . The small man will be able to exchange all currency he has 1 for 1 and will probably get a few grand sweetener on top. Any debt (mortgage) you hold will rapidly become worthless as no one will want the old currency. There would be no point swapping all old for new as they would be back to square one again. Some concessions would be made to avoid rioting in the streets.  Banks and national debts would  effectively be written off. I am not saying I totally agree with this view. banks usually want their pound of flesh and screw the man in the street. However can they have their cake and eat it?. Perhaps they will enforce a partial claim on personal debt, say 25% and write of their own and nations debts only. The next couple of years are going to pivotal in how this unpacks. I believe the plans are already in place for a reset, it’s the crucial detail and timings that we don’t fully know. 
I suppose the point I am trying to make is it’s not clear cut and very few people know for sure the exact detail. Getting rid of debt is sound advice   In almost all circumstances however this could be one occasion where holding debt would be of benefit.

6 hours ago, blackadder said:

Someone didn't read the last few pages 😂😂

That goes for me also on a different matter, see 2 posts back. Helps if you (I) read the following posts. In my defence I quoted what I thought was the latest post on the thread. Wasn’t looking to steal anyone’s gag😄

4 hours ago, Mtaybar said:

Just spoke to the mint to see where my piedfort is and my brothers 1st Harry Potter 50p. They said that they are due to be minted on the 23rd of December so should have them early to mid January. The 2nd Harry Potter 50p isn't being minted until January some time. 

Production on the last working day before Christmas, jeez. Look out for mules and some interesting coins with QC stickers on! 

Breaking up is hard to do.

2 hours ago, Foster88 said:

We can lack patience at being in a queue like any other nation.

If anyone dare queue jump, expect silent mutters and ‘tut’s’ of disapproval and eye rolling.

Hell hath no fury like the rest of the queue against a queue jumper. That’s all I can say.

We love to hate queuing but we do it anyway.

It’s almost as bad as using a tea bag twice.

No, actually it’s not, that must never be  done.

Don’t tell Junkbond that.

Nor Goldiggerdave I would guess for that matter.

Not long ‘til $1800, then $2000?

16 hours ago, LawrenceChard said:

I wondered what 28.30 was supposed to mean. It could hardly be a time, but I clicked the link - $28.30!

I have never heard of Nicky Shiels, and her name is not one of the 666 on the official participants list, but then she might say exactly the same about me.

We did have a paid official delegate there, my colleague Ian. My wife Jane and I went along as a support act, but we have a few interesting meetings in the lounge / bar area of the conference venue hotel, our main one was with the RM UK bullion manager and Precious Metals Director. 

I guess that Nicky Shiels did similar to us, cheapskate!

Most of these ZeroHedge reports seem to feature dealers who are keen to hype silver. I have all but given up reading them. While I think silver is cheap, based on the Gold:Silver ratio, I try to avoid hype.

Seeing "Earlier Wednesday we noted a report from Ronan Manly of BullionStar.com, who revealed that more than 50% of deliverable silver on COMEX is suddenly 'not available.'" looks interesting, but there is no supporting evidence from Ronan Manly or Tyler Durden to support this statement. It seems to be aimed at further brainwashing the lunatic conspiracy who love to believe anything which sounds even vaguely conspiratorial.

She says "Polling takeaways from delegates:" I didn't know any of them got takeaways, and I don't know why they would. The "freebie" food in the hotel was all very good. I know because I felt duty bound to test it so as to be able to report on it here and elsewhere. I guess the wine was also good although as we were working, I didn't test it. The coffee was abysmal, and you had to order and pay for proper espresso. A capuccino was $8!

The "free food" was of course like "free postage", we paid £2000 or was it €2000 plus VAT for ours. LBMA members get it for only £/$1300.

The headline "As Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums" is rather shouty. Most bullion dealers, investors, and stackers, including TSF members know that demand for coins and small bars has been running high now for about 3 years. I seem to remember writing sommething about it only a few days ago. Nicky Shiels would have known if she had bothered to read it, but it may have spoilt a good story.

Of course, I could have answered your question in one word:

"No"!

😎

 

"soviet sausages"

How do they taste?

😎

They can give you the Trotskys.

On 25/10/2022 at 21:32, Paul said:

I've sold over 3000oz of silver through feebay being greedy taking profits, in past six months now. No shortage or buyers and constant sales every day

I'm moving into 100% gold. Sick of waiting to go to the moon since 2007

if I take a position in silver again, I'll do it through bullionvault 

Hi Paul. I know you are a very experienced eBay seller however I am interested to know if you have had any issues with buyers claiming goods not received etc with selling that amount? Also have you been selling individual coins?

I am possibly going to be parting with a few oz shortly to fund a car purchase however I think I will stick with the forum. 

If they are doing the logo, I’m in! 

£2.50

Just now, Stu said:

Drop down menu from RM email contact, says it all really. Why can’t companies just give their email address for “customer services” these days? 

The well done mint for doing a smashing job selection was just out of shot🤔

Drop down menu from RM email contact, says it all really. Why can’t companies just give their email address for “customer services” these days? 

4 hours ago, Paul said:

£1195 RRP for gold 50p - mintage just 250 in this presentation, 360 max mintage

SOLD OUT 

BBC saying they were struck before she died and not redoing due to cost and efficacies 😄 Then when you go to order saying there will be a delay getting these coins out, up to 16 weeks and they will have your sheckles now thank you very much. Innit marvellous. 

21 minutes ago, Goldfever20 said:

Received today 2002 Golden Jubilee Gold Proof £5 Coin in OMP. 

What is your opinion guys?

Would it be worth more in the future if kept as it is, or graded? (assuming  it would get PF70)

That is a very trusting purchase, presumably not direct from the mint given the year? How did you assess its provenance in such a purchase may I ask? 
Also, how do you establish trust, if you keep as it and sell on to the general community?

1 hour ago, LawrenceChard said:

I am impressed that you typed Kangaroos with an Australian accent.

I agree that they are an interesting and attractive series. The fact that there is a different design (almost) every year enhaces their collectability, in my opinion.

A common problem occurs for dealers, though. 

If we buy in 100 Krugerrands, we can simply add 100 to our stock system, which takes about a minute. This means we can operate an efficient market for Krugerrands. Similar applies to many other "popular" or "common" coins, and also bars.

If we buy in one Australian nugget or Kangaroo, we have a slight problem. Is it a date and design we already have in our system. If so, then we can simply add 1 to our stock count. If not, then we may need to photograph it, write a concise description of it, create a "product" for it, with a unique product ID, and allocate it a bin location, so we know where to find it.  We also need a system to handle the efficient flow of all this. None of this is particulary difficult, but it might take an hour or two of staff time, and perhaps happen over a few days. While all this is reasonably efficient, it still requires about 100x more human resource than buying a single Krugerrand, and is at least 1,000 times less efficient or productive than buying 10 or 100 Krugerrands.

This is of course about dealing with a "commodity" versus an individual collectable item, but it helps to explain why dealers might pay a lower price / premium for a desirable individual item than for a much more common, and less attractive commodity item. It is counter-intuitive.

There is also marketing and promotion to consider. A high proportion of people have heard of gold sovereigns and Krugerrands. Although I am not aware of any formal survey, I am sure that fewer people have heard of Britannias, even in the UK. We still get people asking about buying Krugerrands, and we try to ascertain whether they have heard of Britannias, with their potential CGT advantage. Sometimes we meet with resistance, and perhaps customers suspect we are trying to "upsell" them into something more expensive and profitable, rather than simply trying to help them.

One tangential thought here, is that Britannias, apart from being a more attractive design, are nowadays a better colour since Rand Refineries started to make only red gold Krugerrands, making them even uglier than before. New Britannias are fine gold, but even the early ones had a silver content, so looked a lovely yellow gold colour.

Back to my main thread. So, even when we have processed our individual Nugget, it can sit in stock for months, or even years before anybody sees it on our website. Our staff don't remember it, because we have many thousands of individual coins, and in any case are so busy dealing with our volume business, without which we would probably cease to exist.

On peer to peer markets, such as the TSF forum, someone with a handful of individual coins can find buyers for them, and probably more easily than they could sell 100 Krugerrands. Do TSF sellers all offer "free postage"?

😎

Or you could just bung them under one weight heading eg 1/4oz gold Aussie nugget/Roo like HGM did in the good ol days, call it a lucky dip/various years. Assuming you buy all at the same price and don’t select the rarer for individual sales. Tough life being a coin dealer. 

Ordered a British Monarch silver proof yesterday, they have dispatched today despite saying awaiting stock and 12 weeks wait I think it was. You may get these coins quicker than anticipated! 

12000, what a joke