Kookaburracollector

1 hour ago, richatthecroft said:

Mmm 🤔 @augur?

A good guess...but I am the llama shepherd😂

Augur is more into minty pigs 🐷😂🐷

My two children are reunited..1967 Una Libra No2 just back from grading:- (see above for No 1)

The grade was a real surprise...

At time of going to press...412 Una Libras have been graded by NGC, and only one previously has been graded as Proof Like! Hence the happiness with the grade...

28 minutes ago, sixgun said:

A small fraction of the $billions they have made - robbing b@stards.

Unfortunately, as JP Morgan are one of the owners of the Federal Reserve they are never likely to see justice served upon them. A $billion fine but no one goes to jail...well ain’t that a surprise!

@augur what did you do to the coins to get the significant uplifts...Must have some magic dip I reckon🤔

A real rarity just back from grading, and a far better result than I could have hoped for.

So...why so rare?

Although this coin has a mintage of 2002, something happened in 1968 that resulted in most of these coins being melted for scrap 😱. The price of gold rocketed by over 22% in a short period of time, meaning the scrap value would have been too attractive to resist...So into the melting pot they went!

So far, this is the only 1967 to be graded by any grading company, and I am only aware of one other known example, and that is held in very tight hands.

I hope the Perth Mint don’t get any more cities involved...this is getting expensive!

Word on the street is that JP Morgan placed an Open Order (to sell at any price) on the COMEX yesterday, for half of their interest...and that’s why Silver bombed! (See Gregory Mannarino YouTube from yesterday https://youtu.be/0UhSjGgFTkk

Looking like a quick recovery this morning..so far!

Watch the 10 year yield, (great chart above @Kman), lots of things are linked to the 10 year very closely... if it rises, it’s normally stock market positive. A lot to study late into the night for me this eveningt...I am currently 77% in cash, so have been waiting for this pullback like a lot of people on here...just don’t want to try and catch a falling knife, and buyback in too early.

I am curious as to how this type of plunge in metal prices affects the large dealers...must be a nightmare when margins are tight!

10 Year yield has rocketed up 14% today 🤔

1 hour ago, dicker said:

@Kookaburracollector

I had missed this thread - many thanks for the very detailed ifo and great pictures.  
 

When I looked to see if there were restrikes on the Peru coins I could find no info to indicate there were. 
 

Best

Dicker

Hi Dicker...I don’t think there are any restrikes for this coin, none that I have discovered anyway. The history of these coins is a little sketchy in places, as not even the Peruvian Mint know the exact mintage figures for some of the years they were made.

What I really like about them, is that they are the same size as a sovereign, but you can collect them more or less without any competition!(at the moment)..

I recently acquired a rare date, a 1961 with a mintage of only 402...it is now with Numi for grading..it cost less than £600. Can you imagine how much such a rare sovereign would cost?...way out of my price range that’s for sure.

Glad you like the thread...I have sent another seven Una Libras off for grading, and one of them is something really rare🤔...

I am also looking at another coin to collect from South America..5 Quetzales from Guatemala...but maybe not just yet.

2 minutes ago, DarkChameleon said:

Its through..does your market close in 4 minutes...?

If @Kman is using a CFD his market will probably close at the same time as yours in the USA...our stock market will close in about 30 mins time from this post...but the big boys trading club will continue for many hours to come!

Good timing on the trade @Kman..hope it works out well for you.

Goldman Sachs new forecast released

The asset that stole the show on Monday, of course, was gold GCQ20, 0.18%,which climbed to $1,931 an ounce, the highest settlement in history. That juiced the crowd expecting $2,000 an ounce soon, and leads us to our call of the day from Goldman Sachs, which has ditched its own $2,000 forecast and says we’re going to see $2,300 an ounce in the next 12 months. 

The bank also lifted its silver outlook to $30 from $22 an ounce.

Lets hope they are right!

1 minute ago, DarkChameleon said:

Massive sell order.

A coordinated attempt to flood the COMEX with paper contracts and smash the price down...which worked. I think the dip will be bought back into very shortly..I hope so..I just bought a good chunk! 

7 minutes ago, HerefordBullyun said:

Ive heard its kensington!!! I am sure @motorbikez is some sort salubrious gent!

Got him the perfect pad:-

Maybe if gold hits $20000👍🤑

15 minutes ago, motorbikez said:

No pal I'm not holding out to buy a property I already have one, just saying to kookaburracollector I could buy one. But thanks for the info I'm letting my PM shares run HOC has gone insane, I may unload a few if/when it hits £3.00

Hi...When you said you had enough Invested in PM’s  to buy a two bedroomed house I forgot to ask where you live...I hope it’s Mayfair!

I have about the same, but unfortunately a two bed house where I live is not that expensive👍