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Reputation Activity
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5huggy got a reaction from Foster88 in Gold Monitoring Thread £ GBP only
Its getting close to my "back up the truck level" 😉
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5huggy got a reaction from trp in Gold Monitoring Thread £ GBP only
Its getting close to my "back up the truck level" 😉
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5huggy reacted to stefffana in Gold Monitoring Thread £ GBP only
Hi, @Connor,
Probably it as a good idea in this moment. The gold price is undervalued now, and physical silver is still strong. Even from the waves of silver on sale last two weeks on forum you can see that almost all are doing the same.
I am really impressed how quick are selling all the gold coins with a low premium on here and at bullion dealers. For example, this evening are out of stock almost all of them with 2021 full sovereign.
So, if you can put in your stack some gold at max 5% over spot, just do it.
Cheers,
Stefan.
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5huggy reacted to MickB in Today I Received.....
Today I received the South African 5 shillings from @DuncanWylieWilson. On top of that is the 1938 half crown and a QE2 Cunard 1977 World cruise silver medal which I won on ebay recently.
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5huggy reacted to Pete in Why is gold so precious?
Historic reasons from coinage, jewellery, gilding of ornate furniture, buildings etc.
This is a malleable, highly electrical conductive inert, non toxic metal with a nice colour.
Gold plated onto electrical connectors ensures optimum long term connectivity because it does not oxidise.
It does not rust or tarnish and will not dissolve in anything but aqua regia.
It has only a few industrial uses so is not consumed in any quantity compared to other metals.
It can easily be bashed to such a thin layer ( gold leaf ) that you can actually see through it.
Platinum is a similar precious metal and was until fairly recently considered even more valuable as a coin or jewellery.
Credit cards were rated according to status like medals - silver / gold / platinum with platinum being the top.
As for gold price, because it is traded as a commodity, its price reflects the market which in turn is also determined by the amount of gold that exists and the cost of obtaining more out of the ground. Most metals are priced according to scarcity and cost of mining and refining. Many metals are much more expensive than gold some up to $5,000 per gram.
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5huggy reacted to Bigmarc in Why is gold so precious?
I often think the same about coins, legally we are not allowed to change the state of them (British ones at least). We buy coins based upon the metal content and spot price, yet we cannot use the metal for anything else other than being a coin. That gold just has a life of changing hands.
Throughout history nations have waged war on each other over it. It's the world's currency
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5huggy reacted to Derv in Why is gold so precious?
Enlighten me . I think I may have heard a rumbling about a sunspot but nothing on the occult, sorry climate .
I'm not Mr current affairs of late
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5huggy got a reaction from Derv in Why is gold so precious?
So you speak Japanese like me!😉👍
Honda,Mitsubishi, Sony, Kawasaki, and thankyou ! 😉🤣🤣🤣🤣
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5huggy reacted to GoldenGriffin in Why is gold so precious?
Ultimately, where does gold come from?
... it's gold in colour 🧐
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5huggy reacted to Tn21 in Why is gold so precious?
Mining gold and silver is also very energy intensive. Use of oil, water, labour etc all have to be factored in.
Great video fyi
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5huggy reacted to GoldenGriffin in Why is gold so precious?
Bitcoin, bitcon more like.
Total distraction, all powerful entities involved are in it for tax relief.
I mentioned this before a recent collapse when Elon made a 1.5 billion investment.
I agree, if you don't hold it, you definitely don't own it!
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5huggy reacted to GoldenGriffin in Why is gold so precious?
I don't think it's hard to understand, but I do believe there are injustices out there, in more places than you think.
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5huggy got a reaction from GoldenGriffin in Why is gold so precious?
42
- - BTW - I'm "hitchhiking" right now !
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5huggy got a reaction from GoldenGriffin in Why is gold so precious?
And "DOWN right WICKED " for electrical conductivity in "delicate" electronic equipment!
That can barely be beaten! 👌😉👍
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5huggy got a reaction from silversurf in Today I Received.....
The series one Lunar's are stunning - what do think if you had a set of "PROOF's" ? 😉
Here you go @Darr3nG - "DROOL AWAY! 😉👌😍
Some came with "pin badges"
BTW - they are mine 😉
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5huggy got a reaction from Keyira in Today I Received.....
The series one Lunar's are stunning - what do think if you had a set of "PROOF's" ? 😉
Here you go @Darr3nG - "DROOL AWAY! 😉👌😍
Some came with "pin badges"
BTW - they are mine 😉
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5huggy got a reaction from StackSellRepeat in Today I Received.....
The series one Lunar's are stunning - what do think if you had a set of "PROOF's" ? 😉
Here you go @Darr3nG - "DROOL AWAY! 😉👌😍
Some came with "pin badges"
BTW - they are mine 😉