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Posts posted by Abyss
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Recently come back from India and emptied a safety deposit box in India while I was there (no longer required). Managed to bring back into UK fair amount of gold without being questioned by customs. Visited Saint James in Manchester today to deposit some items and took opportunity photograph the family entire gold stack:
A lot gold held in the form of Indian jewellery
I have no idea how many oz gold is in jewellery form and 18 to 22 carat gold with some items having real diamonds. Best part of the gold stack Queens Beast bullion coins.
Six months stacking fortunate picked up most of the stack when spot prices much lower. Most of the jewellery purchased by my late dad when gold spot prices $250 oz.
Hand poured silver by BYB adding Tetris and Puzzle set to this collection
10 oz coins have 50 of them
Proof Sets
Coins in capsules
Rwanda Series
Miscellaneous
2 oz Queens Beast
Gold stack 60 oz unknown quantity gold jewellery. Silver stack 1,400 oz.
- MaxeBaumann, Robski, Money2Metal and 51 others
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Provident Metals 2oz Egyptian Gods Series High Relief Rounds sold by @richatthecroft I have been looking for these rounds for a while now just goes to show if your patient enough you will get rewarded. These are the set of the first 4 released: Cleopatra, Anubis, Sobek & Khnum.
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8 hours ago, ilovesilverireallydo said:
Hey man where did you buy these from? Was it hard to find a decent dealer? Am heading to Delhi soon and would love t get some of the MTC Pamp stuff back with me - as well as maybe India issue Sov.
I bought them from MTC Pamp retail outlet in Ahmedabad. They have few retail outlets in Delhi but I would phone in advance to make sure have all the stock you are after.
https://www.mmtcpamp.com/products-services/where-to-buy
MTC Pamp retail did not have everything that I was after and purchased some items from Coinbazaar (very well packaged and delivered by courier).
- Gruff, Agpanda and ilovesilverireallydo
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Before leaving India and heading back to the UK managed to acquire the remaining Wildlife series to complete the full set from MMTC Pamp
2018 series now adopted the same rear coin design
Bought some other unique 1 oz Silver coins while in India
Best part of coming back to the UK find Xmas present from @AlphaBeast Armenia Noah's Ark coin - thank you.
Received package from @BackyardBullion Silver Forum rounds simply stunning I still cannot believe that I managed to get 04 & 05 serial numbers.
Last pieces silver from @BackyardBullion new Aztec Rounds he imported from the USA and sold in the UK and Europe forums. Looking forward collecting the series. Managed to add fair bit silver to the stack .
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In India on annual leave visited MMTC Pamp retail store and purchased some premium silver coins not available outside of India
Each silver animal coin has unique almost proof like reverse that has the associated feature for that animal
Missing some animals to complete the collection hoping to acquire before returning back to the UK.
- StackSellRepeat, motorbikez, h103efa and 22 others
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1st time in Dubai with my wife and my two year old son. Amazing holiday unbelievable how the city has grown out of the desert and still booming with construction. So many tourists from all over the world lots of attractions for the whole family. Certainly worth visiting just a bit hard to see everything while trying to keep to my son routines. There have been days when I did not see a cloud in the sky sure beats Manchester weather at this time of the year .
In India I have family and relatives and a family bungalow that is well maintained and it like a second home.
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Flying from Dubai to Mumbai tomorrow morning and will not get chance to check emails for a couple of days. If my name called as a recipient or I need send my nominated prize draw (via PayPal) please bear with me. Thanks.
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5 hours ago, Bdean316 said:
Good work and if you have any 1oz gold queens beast's lions I'll give you a spot price 😉
Thanks @Bdean316 I will take your generous offer and lock in the current spot price £971.42 on the 5th December 2018 at 17.15
I really appreciate you offering me the option to offload my 10 oz of Gold Queens Beast Lion coins at current spot price in the next five years allows me to protect myself against any adverse spot price movements and saves me the hassle of hedging my physical gold position in the futures/options market.
At current spot price the total is £9,714.20 could you please provide proof you have the funds to the pay for the items below?
Joking aside even though I have collected all the QB Gold coins that I am after (10 for each in the series) anyone is nervous and wants to exit their position in Queens Beast's Gold coins drop me a personal PM and I will offer more than dealer rates (established Silver Forum members with lots of feedback normal selling process applies, otherwise we can use @BackyardBullion intermediary services).
- Roy, BackyardBullion and FlorinCollector
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Thanks @HawkHybrid but I need to make sense what happened in the past as the markets are a representation of human behaviour that has repeatable patters. Looking for areas of confluence Fib retracement level with prior resistance should now act as support and then looking for how price action represented as candlesticks forms at those key levels before allocating larger proportion of my portfolio into physical gold.
I don't believe 2016 low is the base because of the recent break in the trend line and over the next year or two the 2016 low price in spot should be challenged imho. I am bullish over the long term (next 10 years) but shorter time frames bearish.
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25 minutes ago, Mcgrimes said:
I came here to say that chart analysis is a load of bad; if the patterns were true then everyone would be a millionaire.
I have my gold as a hedge against a bad Brexit.
Technical analysis has lot of negative associations. I could add hundreds of indicators to the charts and come into state of paralysis by analysis. You need devote time energy, effort, dedication into the study of Technical Analysis before dismissing it as voodoo science. I use Technical Analysis to avoid the following situation happening and keep my emotional state in check.
But as with everything in life the more you study/practice the more proficient you become.
- dicker, FlorinCollector and JohnA1
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@HawkHybridthank you for your analysis very much appreciated. Redraw the Fib levels start of the bull market June 2016 then price reacted 50% retracement and next level down the 61.8%. Did the bull market in Gold start in June 2006 instead Oct 2008 then yes it did. Will I use this point for the start of my Fib levels the answer would be no.
The reason why I will not have my starting point in 2006 because of the trend line created in the bull market or the start of 2008. This trend line provides clear explanation of price action and allows individual manage their risk and provide clear break in the bull market trend that allowed holders of gold to exit their position when the bull market had finished.
Start the trend line 2006 then hard to provide an explanation to the price action that followed. We have a difference of opinion.
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@HawkHybrid going try justify my explanation why I don't consider 2015 bounce as the major low for the bull market retracement
The 2015 low did not hit the Fibonacci retracement level of 78.6 or touch previous resistance zone should now act as support.
Three failed attempts after the 2015 low prices break above 1370. The power of three significant in Japanese candlestick patterns and a break in the trend line.
Spot price of gold may go higher back to the 1370 level but ultimately I see gold spot price heading below 2015 low to find major support and trigger liquidation positions from those with weaker hands. Gold spot prices move below $1,000 level very physiological and would also have an impact to those holding gold (paper and physical) to accept losses and exit their positions as well.
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@HawkHybrid everyone interprets charts differently according their perspective and experiences hence technical analysis has an element of art. I don’t count 2015 as low on larger time frame because did not retrace back to broken resistance that should now act as support.
Sorry chats not as accurate and as clean as I would like them but using work laptop rather than my desktop on 27inch monitor away as I am abroad.
@sixgun you are most likely right spot hit $1,000 let alone $700 physical metal no longer available for delivery but financially the world stop making sense for some time now. I know western central banks do everything in their power to maintain status quo and with help from other central banks they will keep rigged game going. Gold does not need fall in price further but in the next 10 years kept range bound below $1,300 have they not achieved the same objectives? Punish those that hold PMs while trying to inflate other asset bubbles.
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2 hours ago, HawkHybrid said:
don't agree with this interpretation of the charts. gold had been moving up large amounts from it's bottom. it got temporarily over bought and peaked. it then corrected sharply before continuing its upward trend. the correction is from a peak. that's not the same as saying that gold will go down sharply from a point that's already ~50% correction of it's move from $1050-$1360. we might already be near the bottom of that corrective move.
HH
I held similar beliefs until recently. Gold international commodity not dependent upon who is in government or the politics of a single country but the UK does represent the 5th largest economy in the world and plays a significant role in Gold in international trade so impact of Brexit cannot be mitigated. GBP and the strength or weakness will be positive or negative (short term) for those hold gold in the UK.
My analysis of the charts show that in this 7+ year bear market retracement gold should hit $1,000 and retest the break out that resulted in the bull market starting 2009. But if this level does not hold then next major level support (looking at monthly charts) $700 range.
My strategy continue purchase 10 oz Gold in the QB series for every release regardless of where the spot price is at the time. Gold hit $1,000 oz level then I will purchase physical Gold in quantity that will double existing Gold stack. Gold reaches $700 level than I will triple physical position in Gold at which point I will have converted all my fiat into Gold. My strategy buy on the way down at key levels.
Will price of Gold ever get to $1,000 or $700 who knows. I don't want to scare anyone but I am mentally preparing myself and having a strategy in place to cope with $200 or $500 lower spot prices in Gold and trying to avoid the roller coaster of emotions I am sure that @Glorfindel experienced when he/she liquidated their position. I can see two circumstances where significantly lower Gold spot prices can happen. Collective efforts from central banks to continue fiat system and suppress price of Gold. Dollar Index continues to strengthen.
I don't know where the saying comes from but I hope for the best and prepare for the worst.
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3 x Britannia (2016, 2017)
1 x Queens Beast Lion
2 x Queens Beast Dragon
2 x Queens Beast GriffinSomeone offered the above at spot +3% I would buy without hesitation because of number of QBs for sale. New seller or don’t have enough feedback @BackyardBullion offers intermediary service. As for @Glorfindel nobody knows the future and you maybe right to liquidate your position (most likely got better liquidation price on the Silver forums than a dealer).
My stack PMs going used for one of two purposes.
Pass on as inheritance to my son or convert into another asset type (rental properties) if/when circumstances right in my lifetime.
This posts raises some interesting concerns and fears that are within everyone who has purchased PMs (including myself) have we made a bad decision? From current Gold spot price if it was to fall further 10-40% there would a lot individuals who would experience the same anxiety and fears as @Glorfindel.
I am in Dubai on annual leave just now but before I left spoken senior ICICI life insurance people managing funds for NRIs (Non Residential Indians) in India and asked wanted anything from UK/Dubai and they stated just bring as much gold as you can 😁 (I was referring to sweets/chocolates). Go from on country to another swooping one piece of paper for another but Gold espically in Asia is viewed as real tangible wealth.
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Confirmed. Thanks
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Fingers cross let me draw the price that @SilverStan has generously donated to the Xmas prize draw the 100 oz Royal Mint bar . All I want for Xmas is you......... 🤣
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22 minutes ago, danmc82 said:
I bet most of the stacks in this thread are out of date now. Stacks change all the time, we could just start again 🙂
Just look back at the photos in this thread when I posted my stack photos I had collected 500 oz Silver and 3oz Gold. With lower spot prices my stack now stands at 1282 oz Silver 60 oz Gold. On annual at the end of this week and will pick up some nice premium silver pieces in India and most likely add to the stack in January 2019. I will post full stack photos in the new year. On target hit my goal 2,000 oz silver and 100 oz gold by end of 2020.
- FlorinCollector, Ansel, mr-dead and 2 others
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1 hour ago, h103efa said:
I'm in love, the wife knows it and cant compete! The premium was offputting but i wanted it and knew i would regret it if i didnt go for it!
A low 5,000 mintage and most dealers out of stock (I have checked) they should not only hold but appreciate in premium. I have 10 of them in Silver in my stack but Gold looks amazing.
Gold Monitoring Thread £ GBP only
in Gold
Posted
The charts I look at seen significant spikes price of Gold / GBP/USD and EUR/USD. Does anyone know what caused these spikes last couple of hours?