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Abyss

Silver Premium Member
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Posts posted by Abyss

  1. Monthly chart Gold. I am expecting Gold hit $1650 don't see Gold trading back to $1560 or $1360 level. I am expecting Gold to build a base in the highlighted yellow area and then prices to move higher.

    image.thumb.png.9f54c10937b0751280203c94e1e0929a.png

    https://www.youtube.com/watch?v=JuFxvOjwRqk

    Gold Price Update - March 4, 2021 + Rising Bond Yields... Sell Gold.... iGold Advisor

    Gold price is correctively moving lower rather than impulsively (need to watch YouTube video to ascertain the difference).

  2. My avatar is baby Yoda but I hope my advice still counts.....

    As Pete already stated with generic 1 oz raw bullion coin purchased in the UK it is about the type of coin and the premium over spot and delivery cost. Don't be fooled into thinking that 1 oz Gold 999 coin are all the same

    https://atkinsonsbullion.com/sell-to-us/gold-coins?sort=Please Select&quantity=24&page=1&view=grid&filter_weight=weight_1ozgold

    You will notice Austrian Philharmonic and UK Britannia Post 2012 1oz Gold coin difference in £30 dealer willing to pay depending what type of coin you are selling.

    Don't stick with UK dealers look bullion dealers in Germany / European mint / Coininvest (sometimes do special offers).

    In the current climate looking at 3.5 - 4.0% over spot from a dealer premiums will reduce if you buy a full tube. Holding your first 1 oz Gold coin has a special feeling. Be careful don't want to end up being called a Gold bug....

  3. 14 hours ago, Silverman2U said:

    I would would have love to have been around in the metals market in the 70's when the hunt brothers jacked the price up!! ;)

    Mark Douglas written books Trading in the Zone / The Disciplined Trader in his course How to think like a professional trader he talks about his Silver position had in 1980 (Hunt brothers Silver position started in 1979). Interesting history lesson starts 11 minutes into YouTube video

    https://www.youtube.com/watch?v=QgaTlTfQnZI

    Because of what happened to his positions in Silver lead him down the route of trading psychology and subsequently became an author.

  4. Direct link 1 oz Silver Proof coin https://www.royalmint.com/our-coins/ranges/queens-beasts/the-griffin-of-edward-III/2021-uk-one-ounce-silver-proof-coin/

    The links from RM not currently working to the Griffin proof coins https://www.royalmint.com/our-coins/ranges/queens-beasts/the-griffin-of-edward-III/

    44 minutes ago, Augustus1 said:

    wow gold  kilo version sold out already??!!

    I don't think it has sold out on the websit states request a call back.

  5. 49 minutes ago, Connor said:

    How much have you paid for a full set? Roughly I mean

    Earlier ones in the series were very cheap in comparison to what I paid for the Wolverine (£37 + postage).... Part of an order placed with GS.be July 2018 crazy to think how cheap Silver and the premiums on this series was back then......

    image.thumb.png.9e6532e267dff284f43b53c17542bcd1.png

  6. 4 hours ago, Silverman2U said:

    Got a spare Wolverine for sale?

    Spare Wolverine for sale?

    @Silverman2U I bought my Wolverine from Facebook page called UK Silver Stackers. Group orders from GS.be and sellers selling the Marvel (& other) series.

    image.png.c80939e76267c45f39e430682d0fcf6f.pngimage.png.00a5616167525de3a6f861f586eb6fad.png

    Members on there that are part of Silver Forum and the Facebook group. Request to join the group once approved you will be able to see all the listing.

  7. I still have to send out my Xmas prize/card unsure if it will arrive in time before Xmas day.........

    @trp any possibility announce the remaining allocations this weekend in the UK we can post on Monday 21st December 1st class signed for arrival on Xmas day. Miss posting via Royal Mail on Monday it will not arrive in time.... Thanks.

    https://www.royalmail.com/christmas/last-posting-dates#lastpostingdates

    image.png.a66c61602adc0c38c5935490bc35cb12.png

  8. 4 hours ago, sixgun said:

    i hear from Andrew Maguire that he personally knows someone who is standing for 30 tonnes of November gold deliveries.

    I initially thought no way a single individual would have the financial means to stand for 30 tonnes of Gold deliveries but I did the sums 30 tonnes equivalent 964522.3971 troy oz and and current spot price $1,723,456,845. In the USA alone 614 Billionaires https://en.wikipedia.org/wiki/List_of_countries_by_number_of_billionaires and all it takes is one of them to diversify into physical Gold. A single billionaire would need to open 9645 futures contract on leverage then I would assume pony up the rest of the cash on expiration and ask for delivery. Financially yes it is plausible and feasible but the Comex would never allow a single individual to take Gold deliveries of 30 tonnes and allow that much Gold to be moved outside it vaults (yes for a sovereign country / bullion bank but surely no for an individual entity) and demand the futures contracts settled in cash and have the legal right to do so.

  9. Despite short term bearish price action I am still bullish on a long term basis. Impulsive move started in March low $1458 to $2089 August. A 50-60% retracement bring the price between $1700-$1775 such move should take out all the weak hands and the longer it takes retrace/price to settle should build base for the next impulsive move up higher.

    Gold monthly chart below and I still targeting $2300 Gold price in the next few years.

    image.thumb.png.483f4121bd9138514a167bfed7f5edcf.png

  10. 4 hours ago, Heirlooms said:

    Would you have preferred to keep your Silver stack then?

    If Silver had stayed below $17 oz and Gold below $1400 oz and £/$ above 1.40 with no global pandemic with an increase risk in losing our jobs (already have few tenants struggling keep up with rent) then I would have completed both my Silver and Gold stacks I have no doubt. Don't get me wrong I loved my Silver stack and photos of the stack posted here it was always my intention to complete both. Weaker £ vs $ a higher PM price / premium and loss some rental income with job uncertainty mixed in I wanted to complete at least one of the stacks. Due to the portability of Gold vs Silver and I believe premiums with Gold QB coins will continue to rise over next X years we ( @h103efa it was an amicable discussion between me and my wife :)) decided sell the majority of the Silver and complete Gold stack. Was that the best decision I don't know only time will tell.........

     

  11. 2 hours ago, Stuntman said:

    I will add to the superlatives - what a fantastic and beautiful stack.  It must feel very special to lay out 105 1-ounce gold coins and admire them in all their splendour and loveliness.

    Well done 🙂

    I don't get to visit my safety deposit box that often and when I do go it is a very special treat especially when taking photos to look back on. The beauty of the stack is not at hand and it is out of sight and out of mind therefore never taken into consideration when looking at finances. When I visited the secure storage facility I could hear a customer in the next room and he was obviously counting cash he had removed from his safety deposit box. I was thinking at the time I am so glad I had saved and stacked Gold rather than polymer banknotes...........

  12. 3 hours ago, Mox said:

    I know where you live...

    @MancunianStacker I am way ahead of you. Before I posted this thread I have ordered and installed the following items to replace my front and rear old flood light system and door bell. Ring Floodlight Cam and Ring doorbell third generation. @Mox I have had a little upgrade in my security system since you last paid a visit everything stored and saved in the cloud ready and available to be provided to law enforcement. I have also purchased a bow and arrow and have been practicing every weekend and have become an ace shoot. Feel free to drop by anytime pal :).

    image.png.63f116d90807d9d6dfe6e2a9980cad64.png

    Adult Compound Bow with Accessories and Fiberglass Arrows

  13. 3 hours ago, Coolsmp said:

    Thats a great goal. Well done! Whats your average cost per oz on that???

    I know my stack is now heavy Gold focused but because bought my Silver stack when prices were below $15 oz and selling this part of the stack the profits offset higher Gold price per oz paid for the last four coins in the series. I have not done all the calculations but if you take into account Silver profits then price per Gold oz below £1300

  14. 9 hours ago, GSTrading said:

    Congrats! Always a pleasure to deal with. Make sure you give me a shout when looking to sell those 😅

    My idea at the start of the journey was when the collection was completed a couple years down the road provided premiums risen on all the Queens Beasts coins was to swap them with a dealer for 150 1oz Gold Britannia's. If @GSTrading willing to make that trade now lets do it :). No plans on selling Gold stack.

    9 hours ago, richatthecroft said:

    I’m sure the premiums on the last couple of releases will have made you wince somewhat, but these premiums will be insignificant longer term 👍 

    Premiums on the Yale hurt but the last three in the series were only 3.5% above spot not too bad (owner of the European Mint price matched other dealers). The spot price hurt more but that was my own fault for not pulling the trigger sooner.

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