Go65

4 hours ago, ArgentSmith said:

9999 fine gold doesn't incur refining costs if ending up with LBMA

Im pretty sure forum members holding older Brits wouldn’t be too happy getting £18.50 less for pre 2013? I was really just highlighting Atkinsons strange pricing. Obviously they can do what they want. It’s their business. 
Just an observation really. 
Cheers 👍

5 hours ago, modofantasma said:

 

Perhaps covering themselves if gold dips back as quick as it rose up? Protecting the margins... Maybe as simple as supply and demand? I'd guess that if they've plenty of stock they don't need to be as competitive with their bid

If you needed to buy stock in more aggressively to meet demand, like times when they were paying over spot for some items, they'd increase their bid? 

If price stabilised for a period of time I think margins could settle down but keen to hear other ideas

Definitely. The difference between pre 2013 Brits is the interesting bit. I understand Krugs not being CGT exempt. But just being 22ct the pre 2013s Brits discount is odd to me. 

Is this difference reflected on TSF?

54 minutes ago, Thelonerangershorse said:

Let's compare it to this:

Now I’m sad🙁

What is going on?

There are some serious margin differentials going on here.

On 20/04/2024 at 16:23, ZRPMs said:

A little pic of what I've managed to pick up thus far, Less my recent ones. Just to try to inspire folk to part with their cherished sovereigns. 

When you have to do a panorama shot of your stack because it stretches from horizon to horizon. 
Absolutely stunning. An utter joy to see. ❤️

2 minutes ago, Go65 said:

OK people, best guesses as to how far this will dip/correct??

$2319

Its as good as done now

Trust me. I know stuff. 

GBPUSD high in 2021 was $1.42

GBPUSD high in 2022 was $1.35

GBPUSD high in 2023 was $1.31

If spot is  $2400

UK gold price today would be 

2021 exchange rate £1690

2022 exchange rate £1777

2023 exchange rate £1832

Besides all the geo stuff for us it’s all about the exchange rate!

In normal times the strength of the dollar reduced dollar cost of gold.

Where do we think the exchange rate is going from here?

A weaker sterling seems possible if we reduce rates.

20 minutes ago, Sovhead said:

I bought the dip this morning a Vic young head for £450 result 👍🏻

And it was a terrific one. Just missed it. Looked pristine. 

Making a break for $2400 right now. 

12 minutes ago, 9x883 said:

not long to find out. 

And then the SMACK DOWN. 🫣

4 minutes ago, Bratnia said:

You either see patterns, or you don't. The human brain however is hard wired for pattern recognition

 

I see 
beer

more beer

9 minutes ago, James32 said:

Spot is £742 +£12.95 postage ( £754.95) give me £10 for getting drunk on the way and going to the post office tomorrow and you can have this one for £765 posted

Excellent offer. But have you got the £10 to get drunk correct?

I thought you were from the Emerald Isle?

1 hour ago, HerefordBullyun said:

Not forgetting the cost of the increase of dry cleaning curtains. If you want to test that theory let me know when you aren't about...

Well as it happens…

Dry cleaners, already under threat from a dramatic decline in their business because of the pandemic, are raising prices. Operators and owners of dry cleaners say the prices of starch, steam irons, clothes hangers and utilities such as natural gas h

£1917

❤️

4 minutes ago, Paul said:

Inflation figures the great unwashed can relate to and understand 

Nothing used to be better than ordering the cheapest thing on the menu, get receipt. Fill satisfaction survey out on phone eating your cheapest item, code generated, your code for £1.99 big Mac and fries.

Musk, gates and bezos don't tell you this is the true path to wealth and saving 

If you have a Tim Hortons nearby, an offer everyday. Breakfast wrap £1 before 11am.

£1918

1 minute ago, Sovhead said:

Reported

Hope you noticed the £1918. 😀

McDonald’s prices have go up 20% in on price increase

Price increases since March have included its coffee, which went from 99p to £1.19; mayo chicken (99p to £1.19); bacon mayo chicken (£1.59 to £1.79), and bacon double cheeseburger (£2.49 to £2.69). Last July its classic single cheeseburger went up in price for the first time in 14 years, from 99p to £1.19.

£1918

10 minutes ago, Anteater said:

That isn't really cost averaging. Cost averaging would be investing a certain amount of cash per month (possibly inflation-adjusted). Of course, doing that with physical gold coins is difficult unless you're buying a load of them per time period. The way you're doing it you invest more the higher prices are.

 

Or less as the price goes lower.

Swings and roundabouts id say. 

Still get a sov a month😀

2 minutes ago, CaptCaveMan said:

I've been cost averaging i.e. a coin a month up until the beginning of April but this does have me thinking...  I started out in 2021 at around 1,260.  We've had C-19, Ukraine, inflation & Gaza all impacting and it's done what it's expected to do, now in the 1,900s so at some point is it wise to keep buying at all time highs or to be a little cautious?

...and yes, today's high is tomorrow's low but can't help thinking of Brown's bottom... ooh err!

What else can you do with your money? Interest rates aren’t too shabby ATM.

As it stands I firmly believe that true inflation is getting up to 10%. Everything I want has gone up by that much. So you are losing say 6% having your money in a savings account. 
Is gold going to lose 20%…maybe. 
just don’t sink all your money in and keep doing what your doing. It’s worked so far 😀

This is not advice

For educational purposes only

@BackyardBullion

Crazy times. At least you have a topic for your next YouTube video! 😀

1 hour ago, katyc said:

Well air raid alarms are going off where I am (West Yorks). Probably a drill of course, but me no likely! (Never heard them go off in my life!)

Also, went off a few mins stopped and back on again now. Makes you wonder why they're testing them now.... 

1 hour ago, katyc said:

Found an article confirming they're being tested.  But in my 40+ years on this planet, I've never heard them once. Not trying to be a conspiracy theorist, but it does make you wonder why now. WW3 threat does concern me. Iran and UK don't have the best relationship apparently.

Please don’t concern yourself. 
Posturing and bluff. 
There is no way West Yorkshire is getting targeted… just think about it.

🤔

11 minutes ago, modofantasma said:

Hope we don't drop below 1842 😬

I can help out at 1817

Doesn’t count 

Just now, modofantasma said:

 

doesn’t count. 

I always think when you chart watch through tumultuous times and then go back a few weeks later, how normal all this stuff looks on a daily or even more so, a weekly basis. 
The proverbial storm in a teacup. 
 

Just an observation