Zhorro

Thar she blows!

I was confused by your title, but I now see "ONE POUND FINE SILVER" on the coin! At first I thought this was a poor copy of the American Silver Eagle ($1). I doubt it is one lb of silver! This coin would normally be 1oz of silver. I suppose the change of wording means that the coin could not be classified as a forgery. Whether it is actually silver, that is another matter... Have you tested it to see if it is actually silver?

This is on zerohedge.com: Israel Says Readying 'Imminent' Attack On Iran As Airlines Cancel Flights To Region | ZeroHedge

I would have thought the opposite. Don't the Americans (Banks) like to keep the price of gold down? We shall see!

But we don't know what Israel's response will be...

I've still not seen any analysis of what happened on Friday (other than gold went up a lot and then went down a lot!). The sell-off seems even stranger when you are expecting Iran to retaliate over the weekend (which it did). Part of the sell-off could have been computer generated when the price hit a certain level, thus pushing it down further, but the mystery remains, who initiated the price smack-down?

Yes, the RM does send some coins directly to be graded, but also some dealers get their coins sent directly for grading without without actually laying eyes on them - whether the logic is, the coins can't have any marks post minting because they have come straight from the mint and so must be PF70 or MS70, I don't know. I don't think an individual is disadvantaged, but they just need to be very careful about the coins they submit. If you submit your 5 coins, you have to remember a dealer may submit 50 coins, and a mint might submit 500 coins, so surely the probability of a top grade is stacked in favour of the deal or the mint (because of the quantity submitted) - but it is not necessarily meaning that you are at a disadvantage. Maybe contact @GoldDiggerDave

It this were correct then the paper to gold ratio would have deteriorated, which is not the case. These figures on the USA Debt Clock have remained fairly stable over the past few weeks. U.S. National Debt Clock : Real Time (usdebtclock.org)

I'd be happier if I knew who was selling and why.

£1,932.06 on BBP

I'd be happier if I knew who was buying and why.

Concerns over an Iranian response over the weekend?

Gold soars above $2,400... GODL! Precious Metal Soars Above $2,400 After Sudden Gap Higher | ZeroHedge

If you have gold it is good, if you don't have gold it is bad.

Higher inflation means interest rates will stay higher for longer, so I think that's bad for gold. But higher inflation means that fiat currency is worth less, so that's good for gold. So, gold will go up or down.