dicker

£1704 as I type.
Whist the fat lady has not yet sung, it’s been a good week for Gold. 
- 5 days with no mysterious slam down
- Price increment has survived todays US employment number release (see the temp spike earlier)
- Ditto for 2 days of Powell pronouncements in the US
My guess is that we will see further highs next week.  There seems to be “momentum”. 

The key question is what is driving the upward momentum.  Lots of “experts” are keen to opine, but I suspect multiple factors are at play.  Are people looking for safety?  If so what has gold sniffed out?
Hope you are enjoying the action as much as me.

Not only bonus payment time but also HMRC tax refund season.  They take time to repay after Self Assessment. 
 

Not only bonus payment time but also HMRC tax refund season.  They take time to repay after Self Assessment. 
 

So I finally got it right. I was hoping for 1705 at closing but we had quite the entertaining few hours this evening! 😁
There are many possibilities but in my opinion I don't think many are buying at present. March is bonus month for a lot of people. It'll be interesting to see if the gold price sustains 1700 at the end of the month.
KING ARTHUR COINS? Da fuq! I dislike that coin with a passion. I guess you were referring to the proof gold king arthur coins? Can't believe they were that popular...
Most expensive 1oz gold coin I purchased from a dealer during lockdown was £1,600 from Bleyer. It was one of the QB coins I was after.
If you are strictly referring to gold bullion 1oz coins your buddy ripped off the masses. 😂
I feel a slamdunk happening mid week next week. Going back to mid 1600 levels.

£1704 as I type.
Whist the fat lady has not yet sung, it’s been a good week for Gold. 
- 5 days with no mysterious slam down
- Price increment has survived todays US employment number release (see the temp spike earlier)
- Ditto for 2 days of Powell pronouncements in the US
My guess is that we will see further highs next week.  There seems to be “momentum”. 

The key question is what is driving the upward momentum.  Lots of “experts” are keen to opine, but I suspect multiple factors are at play.  Are people looking for safety?  If so what has gold sniffed out?
Hope you are enjoying the action as much as me.

I have just had a mail from Atkinsons saying they have reduced premiums on Sovs and Brits.  I guess the price may hurt sales.

Hi @BackyardBullion
I have occasionally looked at the Historic coin section, and have always been left with the feeling that the RM are simply using their reputation to overprice coins. My thoughts are:
1. Many of the coins are not are not historic.  Some are current issues - so why advertise them as historic, or Trial of the Pyx from very recently?
2. All of the coins I have looked at are overpriced.  This can get subjective for hammered coins, I accept but I suspect a hammered expert would agree with me.  Good example is a 1957 Gillick advertised as EF for sale for £575. 
3. Confected sets - RM create historic sets and put them in a nice box and mark have spectacular markups.  
4. Prices are more expensive than buying at auction
5. I don’t have any information on how the RM source coins but I would imagine:
- High end hammered from auctions / dealers
- Most Sovs from trade (I bet they don’t buy from an account called “Royal Mint” - I bet they use some sort of intermediary
- Individuals selling out their coins which are vaulted at the RM
- Coins that the might hold back from new issues….
I no longer buy from the RM - I don’t like their new issues, detest their sales of Trial Pieces for silly money and their two tier customer experience - those with an account manager and those who have to queue.  I do wonder if account managers are selling confected “sets” of “historic” coins to the unwary.  Who in the future will come to sell and be very disappointed.
Best
Dicker
 

Can't believe any of the big dealers would be able to do a deal like that. They're all buying back at near spot so no way they'd be able to sell at 20% under. There is that one dealer (can't remember who, gold something or other) that advertises selling at 15% under but I think they're doing something with futures contracts.

Is it £1,800oz yet ? ( asking for a friend )
Im bored with £1,700 already 

I have just had a mail from Atkinsons saying they have reduced premiums on Sovs and Brits.  I guess the price may hurt sales.

£1704 as I type.
Whist the fat lady has not yet sung, it’s been a good week for Gold. 
- 5 days with no mysterious slam down
- Price increment has survived todays US employment number release (see the temp spike earlier)
- Ditto for 2 days of Powell pronouncements in the US
My guess is that we will see further highs next week.  There seems to be “momentum”. 

The key question is what is driving the upward momentum.  Lots of “experts” are keen to opine, but I suspect multiple factors are at play.  Are people looking for safety?  If so what has gold sniffed out?
Hope you are enjoying the action as much as me.

£1704 as I type.
Whist the fat lady has not yet sung, it’s been a good week for Gold. 
- 5 days with no mysterious slam down
- Price increment has survived todays US employment number release (see the temp spike earlier)
- Ditto for 2 days of Powell pronouncements in the US
My guess is that we will see further highs next week.  There seems to be “momentum”. 

The key question is what is driving the upward momentum.  Lots of “experts” are keen to opine, but I suspect multiple factors are at play.  Are people looking for safety?  If so what has gold sniffed out?
Hope you are enjoying the action as much as me.

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

Removed

On a serious note, congratulations everyone ( both big and small stackers ) it's great to see, irrespective of where it goes next. Justification that we are on the right road at least.

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

£1704 as I type.
Whist the fat lady has not yet sung, it’s been a good week for Gold. 
- 5 days with no mysterious slam down
- Price increment has survived todays US employment number release (see the temp spike earlier)
- Ditto for 2 days of Powell pronouncements in the US
My guess is that we will see further highs next week.  There seems to be “momentum”. 

The key question is what is driving the upward momentum.  Lots of “experts” are keen to opine, but I suspect multiple factors are at play.  Are people looking for safety?  If so what has gold sniffed out?
Hope you are enjoying the action as much as me.

I have just had a mail from Atkinsons saying they have reduced premiums on Sovs and Brits.  I guess the price may hurt sales.

I have just had a mail from Atkinsons saying they have reduced premiums on Sovs and Brits.  I guess the price may hurt sales.

Right I'm going for a smoke. I can't take this excitement anymore I'm too old

I have just had a mail from Atkinsons saying they have reduced premiums on Sovs and Brits.  I guess the price may hurt sales.

I have just had a mail from Atkinsons saying they have reduced premiums on Sovs and Brits.  I guess the price may hurt sales.

I have just had a mail from Atkinsons saying they have reduced premiums on Sovs and Brits.  I guess the price may hurt sales.

Interesting evening ahead perhaps, feet up for me gingernuts n coffee calling

£1704 as I type.
Whist the fat lady has not yet sung, it’s been a good week for Gold. 
- 5 days with no mysterious slam down
- Price increment has survived todays US employment number release (see the temp spike earlier)
- Ditto for 2 days of Powell pronouncements in the US
My guess is that we will see further highs next week.  There seems to be “momentum”. 

The key question is what is driving the upward momentum.  Lots of “experts” are keen to opine, but I suspect multiple factors are at play.  Are people looking for safety?  If so what has gold sniffed out?
Hope you are enjoying the action as much as me.