Martlet

They are called pensioners.

Royal Mint dont give out bullion mintage numbers any longer claiming commercial sensitivity.  Some early data slipped out but more recent request get blanked.  Ironically they continue to give mintage for proofs and collectables where the mintage is expected to be price sensitive.

I'll be blunt and point out the irony you know these "facts" but hadn't researched into the best way to buy gold.  (At least two are not true ).
You should be speaking to Lawrence Chard, who's given the best deal and a fish supper. 

You will see how helpful fellow forum members are in trying to both share their own direct experience and offer some advice.
The problem ( not a bad one to have ! ) is that you have 3 x 500g bars worth about £22k each.
It is a store of wealth for sure and easily kept in a (Metro perhaps ? ) safe-deposit box.
I would guess it will be impossible to sell privately and and who is going to trust whom ?
Your only option would be to sell to a bullion dealer and they might need some time to verify the bar and that it isn't just a gold plated bar of tungsten.
Initially I was going to suggest you wait until gold increases in price so that you could sell at breakeven but if you are intent on holding gold for the longer term then the price really doesn't matter. You are selling and buying the same weight so whatever the price on the day is wholly irrelevant.
The problem you may come across is twofold - supply and premium.
Buying sovereigns is a good strategy but only if you can buy at a fair premium and not overpay if supplies are limited.
If you can exchange into gold coins and sovereigns aren't available in sufficient quantity or reasonable price then buy any gold coins that are only a few percent over spot but are preferably 24 carat like Maples, newer Britannias, Krugerrand etc. You are not a coin collector so it doesn't matter and you can always sell back and buy sovereigns at a later date.
Failing that you could buy best value gold bars 50g or thereabouts. It is all about staying in the game and not the variations in price.
Timing the market is a mugs game in your situation.
Buyers of gold will wait hoping for a decent dip whilst sellers of gold are praying for rises.
You shouldn't really care as you are remaining invested in gold.
Waiting on gold to rise to sell only means you are going to pay more for your coins and smaller bars.
If you sell and wait, the price of gold can continue to rise so you will have missed the growth potential.
It is impossible to predict peaks and dips but very rarely someone might strike lucky.
If gold falls then many people will not sell so the availability of coins etc diminishes.
If gold rises then some will sell to take profit but your buy price rises and if there is more demand then the dealers increase their premiums.
In conclusion if I was in your shoes what would I do ?
I would consider selling 1 bar to swap into smaller bars and coins, sovereigns - if there are sufficient.
Give a call to HGM, Atkinsons, BullionbyPost, Chards and ask if they could supply 500g of fine gold in coins and small bars and see if they could trade on a 3% or less premium over spot. If one of them has sufficient inventory then ask if they would buy your 500g bar for as near to spot as possible - maybe 98% ?? If yes then it might be possible to strike a deal and fix everything whilst physical exchanges takes a day or so but the deal is locked solid. It doesn't matter if gold tanks or rises to the moon the following day because you remain with 500g of gold. If the dealer can supply 1kg or 1.5kg at the time then go "all in" and get rid of your bars. At the end of the day you will see that there have been losses in paying a premium to the RM day 1 then a second premium buying coins etc and a small premium selling your bars. Added up this might amount to 10% but in a year gold could swing 30% so if you aren't willing to absorb the losses, hold your bars in your vault until hopefully you can sell at a profit but if you buy back into gold then you will still have incurred the same percentage losses. 
Please note this is nothing more than friendly banter, or simply "food for thought", as to what I would do, but please don't take this as financial advice as I am not qualified to make recommendations of any sorts.
 
 
 

What you are asking is, does having a lot of insurance cover will make you profit?  No, it covers you for losses. 
The hyperinflation scenario means your silver pays for ordinary things without using increasingly valueless currency. You can also preserve some wealth, savings across a period of economic turmoil.
There is another scenario, that silver is manipulated to be dramatically undervalued, which will be corrected in time.  In this case, the price of silver will surge.  However the proponents usually assert this will usher in a economic reset and your really back to the preservation of wealth.  You will seem to have made a paper profit but not in practical real terms as the economy collapses around. 
Yet another scenario is some situation causing a price bubble, and there would be a significant profit to be made.  This will be short lived and unlikely to reach near 10x, as at some price point before that thousands of tons of supply would become economical to come to market. 

This retail silver squeeze doesnt work, unless the plan is to make money for the dealers.  100,000 buy their 100oz, until the dealers are out of stock They probably dont hold 10m oz collectively anyway so a lot of people wont get their 100oz.  The dealers put in orders to the wholesalers, mints for new stock next week and in the queue for delivery. 
And wait. At some point they'll get their new stock. Or not, who knows. However, the effect on the upstream market is diminished because of those delays and steps between demand and supply. This isnt like a short squeeze on a stock where there is a single market, one source of supply and demand funnelled together.  The "signal" from the demand surge will be filtered out through the dealers, wholesales, mints and finally make through to exchanges to affect futures pricing.

This retail silver squeeze doesnt work, unless the plan is to make money for the dealers.  100,000 buy their 100oz, until the dealers are out of stock They probably dont hold 10m oz collectively anyway so a lot of people wont get their 100oz.  The dealers put in orders to the wholesalers, mints for new stock next week and in the queue for delivery. 
And wait. At some point they'll get their new stock. Or not, who knows. However, the effect on the upstream market is diminished because of those delays and steps between demand and supply. This isnt like a short squeeze on a stock where there is a single market, one source of supply and demand funnelled together.  The "signal" from the demand surge will be filtered out through the dealers, wholesales, mints and finally make through to exchanges to affect futures pricing.

Crack down on it?  I think they encourage it.

This retail silver squeeze doesnt work, unless the plan is to make money for the dealers.  100,000 buy their 100oz, until the dealers are out of stock They probably dont hold 10m oz collectively anyway so a lot of people wont get their 100oz.  The dealers put in orders to the wholesalers, mints for new stock next week and in the queue for delivery. 
And wait. At some point they'll get their new stock. Or not, who knows. However, the effect on the upstream market is diminished because of those delays and steps between demand and supply. This isnt like a short squeeze on a stock where there is a single market, one source of supply and demand funnelled together.  The "signal" from the demand surge will be filtered out through the dealers, wholesales, mints and finally make through to exchanges to affect futures pricing.

This retail silver squeeze doesnt work, unless the plan is to make money for the dealers.  100,000 buy their 100oz, until the dealers are out of stock They probably dont hold 10m oz collectively anyway so a lot of people wont get their 100oz.  The dealers put in orders to the wholesalers, mints for new stock next week and in the queue for delivery. 
And wait. At some point they'll get their new stock. Or not, who knows. However, the effect on the upstream market is diminished because of those delays and steps between demand and supply. This isnt like a short squeeze on a stock where there is a single market, one source of supply and demand funnelled together.  The "signal" from the demand surge will be filtered out through the dealers, wholesales, mints and finally make through to exchanges to affect futures pricing.

Clutching at straws, people buying something else is not any sort of confiscation.  The risk profile, motivations and horizons for gold and crypto investments are very different.  There are a few that see crypto as a hedge to dollar inflation, a very small minority in market where most are interested in the tech, the decentralisation, or mainly number goes up. 

Clutching at straws, people buying something else is not any sort of confiscation.  The risk profile, motivations and horizons for gold and crypto investments are very different.  There are a few that see crypto as a hedge to dollar inflation, a very small minority in market where most are interested in the tech, the decentralisation, or mainly number goes up. 

Clutching at straws, people buying something else is not any sort of confiscation.  The risk profile, motivations and horizons for gold and crypto investments are very different.  There are a few that see crypto as a hedge to dollar inflation, a very small minority in market where most are interested in the tech, the decentralisation, or mainly number goes up. 

Yet the market price of silver has consistently and persistently stayed around the levels it has for years.  That is reality.  
Consider a basic TV would have cost around £250 in 1980, today a superior basic model would be £150.  Adjusted for inflation it should be £800-£1000.  Are prices of TV not reflecting reality or are they fair market price?  Not everything goes up in line with inflation.  
So apply Occam's razor, has the entire silver market been suppressed, year after year, in an open market with thousands of participants looking for advantage, or is it fair market value? 

Yet the market price of silver has consistently and persistently stayed around the levels it has for years.  That is reality.  
Consider a basic TV would have cost around £250 in 1980, today a superior basic model would be £150.  Adjusted for inflation it should be £800-£1000.  Are prices of TV not reflecting reality or are they fair market price?  Not everything goes up in line with inflation.  
So apply Occam's razor, has the entire silver market been suppressed, year after year, in an open market with thousands of participants looking for advantage, or is it fair market value? 

Money creation has zero direct effect on gold.  It springs forth into accounts for institutions to give liquidity and hopefully lend.  The amount might have an indirect effect on gold, depending on how much money and a dozen or more other economic or geopolitical factors. And speculation, never forget the daily (even weekly) prices are much about traders speculating what will happen next. 
I say hopefully lend, because having all that money sitting on bank balance sheets means its not doing much useful. Part of the reason we haven't seen much inflation the past decade is a lot of the liquidity is sloshing around bank balance sheets, not flowing out to the wider economy.

Because the ancient aliens that created us through genetic experimentation, put in our genes the desire for gold, to collect and horde it for their return.  Or something like that. 

I don't believe negative rates are going to happen in UK, and neither would it appear does the market. Haven't work elsewhere and cause more problems.  And if they where to go down that route, we know its 6 month away. 

£ will creep upwards as we come out of recession and economy restarts.  Gold:$ been in a downward trend since August and probably continue as risks subside.   $1750 / £1230 by end of Q1.

those who claim silver is worth $1k/toz in the near future should put their money where their mouth is.
I'm willing to sell all of my bullion silver holdings today to any that is willing to pay half of that price.
or maybe it's only worth that price when they are the ones doing the selling?
 
HH

The WSB pumpers dont want physical, that'll be snapped up by existing silver stackers.  WSB's will buy the wide range of ETF and derivatives they can get their hands on, which will pump everything but also spread their firepower too thin.  I'm eyeing up the 3x ETF, enjoy the rollercoster, just remember to get off. 

The WSB pumpers dont want physical, that'll be snapped up by existing silver stackers.  WSB's will buy the wide range of ETF and derivatives they can get their hands on, which will pump everything but also spread their firepower too thin.  I'm eyeing up the 3x ETF, enjoy the rollercoster, just remember to get off. 

I had $240  of Dogecoin from 3 years ago..Friday night sold for $1462.46 ..not a fortune but a nice week end present :}
 

He has been saying that for over a decade. One day, he might be right.

That is not how it works.  The manufacturer can claim back the VAT for goods and services they buy.  Only the end consumer pays the VAT.