Abyss

How can you be in the USA and think that physical Gold not a worthwhile investment. Like you mention it is not an investment it is an insurance policy and it is not a volatile investment (that would be BTC/ETH). It is in the American constitution that payment can only be made in Gold/Silver not fiat currency. You should always trust what has been written by the founding fathers than the current crop of politicians / financial advisors. Next year planning on migrating to the states and I am really looking forward to stacking 1 oz Gold buffalo and buying 1 oz Gold maples and Britannia from 2.5% (you would have to buy 500 oz Gold to get a price 2.65% from a major UK bullion dealer) over spot from SD bullion...

In this day and age post covid, post massive debasement currency I personally would be thinking back to a time in history when a similar situation was happening in history. The gold price fallen over 40% in 1920 in Germany as the government was able to make all its financial commitments while it debase the Mark but what happens afterwards is sobering thought to anyone who got scared out of their gold position……

I am very surprised that it has taken you this long to come to this conclusion. The only time I have every bought directly from the Royal Mint is when the were releasing Queens Beast 2 oz Silver Proof set and in my experience (and what was shared on the forum at the time) with them with this one series alone was never be a coin collector for any series buying directly from the Royal Mint.

I am also not buying physical Gold mainly due to planning to migrate to the USA next year. When black Friday deals happened I purchased multiple Premium subscription of TradingView for £260.40 per year still have 800+ days left. Best advantages of TradingView is broker integration and the ability to place trades directly from the charts, you can manage trades and move stop loss or profit targets directly from the charts in TradingView IMHO it is the best charting software in the world (I am using Windows Desktop Application for TradingView). You can see all the brokers supported by TradingView in the image below.

I check the Gold price in USD 16 times in single day or 80 times week and the same goes for Silver. You would logically think I have a problem or suffering from some kind of addiction..... But I only check because it is part of my role as I am trading these metals and other instruments on the 1 hourly chart. @Kitalon you mentioned gold ETFs/ETC I am using CFD's with AfterPrime as my broker. The spreads are very good $0.013 Gold and $0.006 or Silver leverage 100:1 and round turn commission $3.5 per contract (negotiate with the broker for lower fees) using TradingView as my charting package. I find this to be the most efficient way to speculate on the short term price swings of the metals. My physical stack of Gold that I have already accumulated and will add to I have decided a long time ago will never be sold and passed down to my son when I pass away. Cautionary warning. I strongly advise anyone against trading on margin on Gold or other financial instruments (FX, Indexes, Crypto, Metals, Energy, Stocks,) unless you have a proven edge in the market place that has been thoroughly back tested (ideally 3 years). You have trading plan backed up with thousands of screenshots and notes collated during the back testing process and have a proven money management / risk management approach and have significantly worked on your emotions and can place margin trades without getting emotionally involved. If you don't have this in place then trading on margin will be fastest way to financial ruin / psychological damage.

These are my charts of Gold on the 1 hour and the selling was not normal price action.. Normal price action clearly see on the charts for Gold back and forth... $90 smack down in price in less than 4 hours......

Are we sharing charts, please sir can I share my charts? I have the 1 hour chart of Gold as part of my list of instruments that I pay attention to all the time. Sometimes I go into the higher time frames only to reinforce my belief that Gold has a lot higher to go over the next 2-10 years. My current long term analysis (looking at the monthly chart) broke above all time high $2080 was rejected. Have three months downside potential (end of March 2024) then if these monthly candles have not broken below $1820 then we could have another attempt and breaking and clearing the all time high in which case my price target would be $2800 in the next two years (measured move from the impulse up). We could also have another attempt at the all time high and fail in which result prices moving between $1660 to 1760 over the course of the year. Establish support at these level then my price target would be $2575 but would take more time to achieve (5 years). This is the problem with technical analysis is that the data is always changing and your analysis has to change with it. Have a constantly moving target both at the price and time axis. I personally would love lots of turns and twists testing this level and that level on the hourly chart. I am telling you it is impossible to predict with accuracy the long time chart of any financial instrument. The Gold chart is showing you it has lots of upside potential and as a result I will be holding onto my physical gold (for investment, safety, peace of mind it provides) into the long term. I want to see likes of CNBC, CNN, BBC talk about Gold hitting $3,000, visit my local hairdressers and hear the conversation that he bought some gold and so has some of his patrons. I will then know it is time to sell my physical Gold and move into other assets.

3 oz Gold 1.8% above spot from Chards Gold 1 oz Britannia Bullion Coin - Minty total price of £4,907.85 plus postage https://www.chards.co.uk/gold-britannia-coin-minty/12650 Job done.

Million dollar question the future asset price of a financial instrument into the future is inherently uncertain especially in the current technological time living in today. I have been following the Tesla story / Optimus Gen 2 robot and the improvements made over the last three years from a man in a suit to the current technological state of the general purpose Tesla bot is unbelievable. A recent webcast with Sandy Munro (automotive engineer who specializes in machine tools and manufacturing) given unprecedented access to the Austin gigafactory during the release of the Cybertruck stated Tesla bot will be in useful production roles on the shop floor in the gigafactory by the end of this year. I believe by the end of the decade Tesla will be selling a general purpose robot first to businesses and then to consumers. If this is the case then you have to ask yourself the major ramifications of a 30 trillion dollar labour market being disrupted by AI/general purpose robot. What will major UK home builders be selling a house for in 2030 when they have replaced all the bricklayers, joiners, plumbers and plasterers with Tesla bot that works 24/7 charges on cheap off peak electricity and not part of any union, does not require wages, holidays pensions and never reports in sick? What will be the price of a barrel of oil, tonne of copper, an oz of Gold when the major mining/refining companies able to buy a Tesla bots and significantly increase production and at same time significantly reduce labour costs? Ramifications of what about to happened in the next six years (IMHO) is food for thought.

No need to actually buy a 1 oz Gold coin to get a sense of how it feels. Pop into your local Jewellery shop and ask the staff if they have any 1 oz Gold bullion coin that you could possibly hold. State you interested in buying physical gold as a long term savings instead keeping your money in the bank. You would be surprised the number of staff who work in Jewellery shops who keenly keep an eye on the Gold price and also have some savings in physical Gold. One of the local Jewellery shops near me a member of staff is also a member on the Silver Forum and has helped me identify a few coins and determine some of the coins I have purchased are genuine as well. You would be surprised when pop into your local Greggs and buy a sandwich meal and give it to member of staff working at Jewellery shop the amount of help you can receive 😀.

@Kitalon I am in the exact boat you have describe my stack is exclusively has only 1 oz Gold coins. I had sovereigns and even some 1/4 gold coins but eventually sold them all. As for quickest liquidity option for 1 oz Gold coins all you have do visit Chards/Atkinsons see which dealer offers the best buy back rate. You will find if you were to buy a single coin from a bullion dealer and then upon delivery decided to sell back to the same dealer you would lose on average 3% plus postage cost for (to & from) the dealer provided spot price not changed significantly. Reduce these costs even further purchased from reputable Facebook groups/the forum itself. I have also taken 1 oz Gold coins and exchanged them for several percent over spot in India. Already had safety deposit box to me it made sense to stack 1 oz Gold coins due to the convenience of storage (fit 10 into a single Royal Mint tube), the lower premiums (both buy/sell) and the high liquidity of 1 oz Gold coins. But in the end have you ever held a 1 oz Gold coin? I remembering holding mine and it was very special moment and I knew if I was to buy Gold this was the form factor that made the most sense to me and still does......

This is the image that will forever be remembered when inflation runs out of control........ It lead to a change in Government in Germany to the Nazi party and then to World War 2.

A side note spoken with someone recently had a single 250 gram gold bar, 4 x 50 gram gold bars that were all stolen in a burglary. Took this individual a long time to accumulate that level of Gold (16 oz) had contents insurance but it did not cover and is completely out of pocket but subsequently had several more breaks ins into his house. Buying physical Gold be very conscientious of where you are going to be storing it for long term safety and security of the metal and your immediate family.

@Roy there was one point in time where started stacking sovereigns as well I believe at the time bought dozens of them from Harrington and Bryne running an offering (limited to 3 per order but free delivery) below spot price back in 2019 paid about £224 but had to opt out of the insane marketing material unless planning converting gas boiler to burn paper… Lots of member on the forum also participated in the feeding frenzy. I did eventually sell all my sovereigns on the forum and continued to stack exclusively 1 oz Gold coins until the beastly collection had been completed… Not reached my goal still in my early 40s want to double my stack size but I am in no rush to do so.

"Christmas cracker" after it turned out to be worth £1,462. I am happy to buy 1 oz Gold Buffalo at that price all day long. I am unsure if BBC reported incorrectly on the value or if this is the value Scotland's Charity Air Ambulance received from the "coin shop" but they should have been paid at least 97% of spot £1,545.45...

$1,850 I think in 2024 at some point it will hit $2400 get everyone excited and lots of people jump onto the bandwagon and then works its way down to $1850 also I think it would be an excellent to buy after the market has flushed out the weaker hands.

10 minutes by car to the train station, 20 minutes by train to Manchester Piccadilly, plus another 15 minutes brisk walk or 40 minutes by car paying for NCP car parking. I am glad it takes some effort to visit the SD box otherwise you could view it as a piggy bank that you could dip into every so often rather than a permanent safe storage location holding generation wealth in..... Unsure about London, but Manchester is fairly safe during daylight hours.

Same here. I use the Manchester branch and it has survived two world wars. Shame they only have two branches in Manchester/Leeds they could easily expand into other areas. My dad used them when he moved to Manchester in 1992 to initially store gold jewellery and subsequently when he passed away I inherited the contents and used them in addition to store my gold collection. As a family we have utilised this company to store our physical wealth for 31 years...... https://www.stjames-safedeposit.com/

Don't listen to @Paul Silver is the best thing since slice bread. I had bought several thousand oz's of the stuff starting stacking it in 2018. I was buying 1 oz silver Maple Leaf 2016 SUPERMAN 15.64 € 2 oz silver QUEEN'S BEAST 35.18 € 10 oz silver Queen's Beasts 242.40 € Perth Mint 1 oz silver 2017 MARVEL SPIDERMAN 21.38 € From Goldsilver.be, the European Mint and group orders on the forum. Obviously before VAT on Silver and I have sold my entire stack with the exception 60 oz when GameStop reddit community moved over to the silver short squeeze. People waiting for Silver to hit $50 oz I can recall certain coins (1oz Marvel Spiderman) sold for £70. In hindsight pure dumb luck and good timing when stacking Silver and my decision to exit my position and fully transition it into Gold. Unless have a time machine to go back to 2018 @Paul is right, stack Gold, buy Silver as a hobby.

I have given up on ever in my lifetime seeing a Gold backed major reserve currency. The government can easily steal via a hidden stealth tax known as inflation why would they want to ever stop this scheme. Taxation without representation many years ago in 1775 after refusing to hear of the plight and concerns of the colonist due to unfair taxation from King George III they formed the Continental Army. Does not matter where you are in the world everyone has to pay this unfair stealth tax for the rest of your life....... Unless @JohnA1 steps up to the plate and form the new Continental Army...

But lets not forgot that it is always fun to try and buy gold while it is on a downward price spiral and time the markets (not advisable it is always better to average into long term position) but you certainly get a ego boost if you can get right. Right now spreads from Chards has the lowest premium on a newly released 1 oz Gold Britannia 2.5% above spot (not for 100 oz, but a single oz) I have ever seen in my lifetime. This should tell you that dealers having to reduce premiums to either compete or because demand is drying up due to higher prices. I am predicting Gold price heading towards $1600 oz once Hamas defeated, F16's delivered and more Ukraine territory liberated and inflation brought closer 2% most likely due to sustained higher interest rate plus a recession. Yes Gold long term hedge against inflation but why would I want to buy the metal after it has spiked $200 due to geopolitical reason I personally would rather wait and see what happens to price after returning to more normal market conditions. All because I believe short term Gold headed lower does not imply I would be willing to sell any of my physical Gold, just to much risk at the present moment in time in the world, US elections 2024, possible further bank failures....

Waiting to see if my sons gets into Manchester Grammar school, if not as a family migrate to USA. Continue stack Gold but unsure which side of the pond it will be done and regardless of location I want to keep the original QB stack, blood sweet and tears to accumulate that….. After QB stack was completed I did pause gold purchases.

Wow this brings back some memories....... Deja vu...... Almost like you are in the matrix....

Hit the nail on the head, scammers have tried multiple times on eBay to defraud me (changed the delivery address after payment, obtained a brand new coin from myself and returned a fully scratched coin and obtained a refund. Trading on the Silver Forum taught me all the safety precautions need to take and early on when trading on the forum I was blown away with the communication and the quality packaging and service above and beyond from likes of Chards / Atkinson also help me up my game. Even now whenever I receive a high ticket valuable item (regardless of if it is a precious metal) I video record the unboxing process with proof of the date and time in the video in case something has gone wrong. Think about this poor couple received a power bank instead of £800 iPhone when ordering directly from Apple UK unable to obtain a replacement/refund I bet if they had video evidence of the unboxing process they would not have to rely on their word alone. If this goes to a small court case it will be on the basis on the judge determining who is telling the truth, make the judges job easier, video record the unboxing process..... https://www.walesonline.co.uk/news/uk-news/couple-devastated-after-paying-800-28037497