There is an “off to the races” feel about gold at the moment.  

Hi All

This is great thread for anyone considering buying at auction.  My thoughts are:

1. Use your own wits and resources to research any coin you are buying. Don't blindly trust the description / photo.

2. I agree that auction houses don’t always get it right - both mis-describing some coins and missing critical details / “sleepers” that they are selling. Sometimes even selling counterfeits….  Always bid know  if what you are buying and limits.

3. Don’t be out off by a grand name if you need to complain.  They are just a company and need to deal fairly with you - Auction houses need and want to maintain a decent name to stay in business.

4. Complain politely and follow up.  I don’t ever complain on email.  I write a letter - I find this much more effective.

Best

Dicker

All excellent comments here. 

I off back catalogues in pdf very useful because of their ease of search.

I do have originals of important coin auction catalogs to compliment.

My books on coins are filled with my own notes, post it pads and hand written comments that I go back to time and time again….

1 hour ago, Paul said:

Gold Price per Ounce

Current Price

£1,693.00

Week Change

5.29% £+85.01

Week high £1,697.06

 

Week low £1,603.87

 

not to shabby.

Wonga was apparently wrong in his $400oz prediction 

Wonger - gone but not forgotten.  

If he really was a trader and believed in his own rhetoric then he would have been financially burned to a cinder.  

Whatever he stated about COT futures prices it just didn’t stack up against the macro background of QE and inflating…and here we are at GBP1692.

1 minute ago, PapaLazarou said:

...and yet Bliar is still disturbingly keen on cottages.

Not so many people will understand that.  But yes. 

4 minutes ago, jultorsk said:

Yup, this 100%. Aussies were once again duped by the siren song of Labour and now the country's finances are an abject sh*tshow... 

 It'll only ever get worse under leftist policies.

As always is the case.  Irrespective of country.  

Every socialist that gets to power in the U.K. makes working people poor and themselves rich.

This is ONE of Tony Blair’s houses.

I remember reading he had a 30 million property portfolio…this is just one of his houses.
 

If you have the right skills the following are very tax friendly. 

BUT IF YOU GO TO WORK ABROAD GO AND PAY A TAX ADVISOR BEFORE YOU EVEN CONSIDER IT.   The caps are deliberate.  

The following are low tax - and there are jobs available in these locations.  If you want 9-5 it’s probably not for you. 

Irrespective of whether you are are low level or a CEO, you need to work pretty hard but can make a lot of money.

- Singapore

- Dubai

- Saudi

- Bahrain

Australia has zero inheritance tax…

9 minutes ago, katyc said:

I've heard they're doing another 2% NI cut. Ensuring that the Directors and (working) Pensioners get nothing (if they'd done a 2% tax cut we'd all benefit). Further solidifying my plans to leave the UK within the next few years.

 

Just wait for the incoming Labour government…..

GBP1674

Lots interest rate indicator news out this week in the US as well as unemployment numbers.

The last few days has apparently seen big volumes pouring into Gold and BTC.   As well as being news driven I suspect some traders are going in large to catch the upward momentum before selling out.  What does this mean for GBP Gold?

I don’t honestly know.

Gbp1671

 Back on topic £1666

A muted opening over here in Asia.  I’m currently in Bangers for a bit of R and R.

The Bangkok Post, had the below article. Always nice to see a positive article on Gold in the morning.

Best

Dicker

22 minutes ago, Muncle said:

It was a first for us.

Our postie the previous year was good.

Personally found very odd behaviour with the large value item. 6 doors down from where we live is over 100 metres away. With this and lack of other general mail and missing TSF all was reported to the police.

Will look at FedEx myself. Might be a good idea to mix delivery service mediums anyway than relying on just one company.

 

FedEx are used by a couple of the big auction houses for high value item delivery.  

It has been noticeable that in the last few years we have had fewer and fewer Christmas cards from older folk.  I am fairly sure it’s the prices.

SD for me is a premium service and worth it but it is getting expensive for what it’s actually worth.  

FedEx is supposedly good but expensive.  Lots of the other deliver services are to my opinion just junk.  I had a £500 hamper left on the road outside my door by one of the delivery companies who then bombarded me with “how did we do” messages.

SD remains the best out there for me.  Despite the cost  

T-Bond yields from what I saw.

Lots of data due over the next couple of weeks could take the price either way.  But Monday up for me.  

On 11/01/2024 at 20:03, SeverinDigsSovereigns said:

 

I tried to research some particular coins. Apparently their owner(s) cracked the boxes and sent the certs back, thereby invalidating the cert. However, the coins still appear in the population reports. Coins that were submitted to both NGC and PCGS appear on the population reports of both services.

Don't read too much into population reports. And don't subscribe to what PGCS and NGC say in general. They (according to their census) have graded more tha 30 million US coins each, and for UK coins? About half a million. And the numbers are still lower for coins from other countries. They're still America-centric services, and they primarily focus on American coins.

I sort of agree and disagree. The population certs are really useful - and you are right that some people crack coins out and send them for grading again in hope of a better grade.

For me the numbers are all about “sensitivity” if 1000 coins have been graded at MS60 and 2 at MS68 I would be super cautious about the lower numbers.  They are more “sensitive” to re grading.  I use the pop numbers for Morgan Dollar buying - just to get a sense if the books are right!

all the best

Dicker

Not helped by the effigy bearing more resemblance to Simon Cowell (in my humble opinion) than George Michael.  
 

Poor all round.  

Oh the intrigue…

6 hours ago, silversky said:

Here is the weekly chart in GBP

Seems like we are forgetting the third week of Oct.  £1655.30 was that weekends close.

 

Thankyou

147