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Roy

Silver Premium Member
  • Posts

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  • Days Won

    11
  • Trading Feedback

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  • Country

    Poland

Reputation Activity

  1. Like
    Roy got a reaction from Shep in Ethically sourced gold - opinions   
    The answer is B of course:
    but I would hope for a little bit of D too!
    i.e. the dealer (whether Chards or anyone, inc. private sellers) would thank me and offer a discount or gift for my honesty.
     
  2. Like
    Roy reacted to James32 in Ethically sourced gold - opinions   
    Didn't this scenario just happen recently with @BleyerBullion? And the 2022 sovereign ( not thousands of pounds mind) but a couple of hundred at least ( without knowing how many where purchased) 
    bleyer stood over the error which was very commendable, but if I thought for one second the difference came out of an employee's wage packet...then they can have mine back with a smile.
    Great question and very thought provoking, would I do a dealer out of a few thousand? Categorically no ( luck doesn't follow such actions)
    Would I buy a coin from a ( dealer )with a £10-£20 discrepancy? Yes, every day of the week and twice on Sunday's 🙂 as I can guarantee they have made multiple thousands from me over the years.
    I've pointed out by private mail a few times to sellers on here that their item was undervalued.
    What goes around comes around ( I hope lol )
     
  3. Like
    Roy reacted to Shep in Ethically sourced gold - opinions   
    I feel the Bleyer Bullion situation is somewhat of a false example.
    Correct me if I’m wrong but BYBs video is referring to the question of whether the mining/transport/minting of the gold we buy can be deemed ethical, or whether people are being exploited along the chain in getting our gold to us. If we can’t guarantee this with things like bananas (the fair trade programme has on many occasions been exposed for still using farms that employ child labour) I’m not sure how this could ever be guaranteed with gold. That’s not to say companies shouldn’t try.
    Regarding the Bleyer situation they had it covered within their terms and conditions to have the ability to cancel orders made against pricing errors on their website. Instead they honoured the deal and turned it into a PR win.
    I bought some and I didn’t lose sleep - if they had cancelled I wouldn’t lose sleep either, I would just go look for the next opportunity to buy. I buy to give my family security for the future. No company is going to actively protect my interests and would probably gladly scalp me if I walked in desperate to sell with a pile of proof coins by offering me melt value for them.
     
  4. Like
    Roy got a reaction from Griffo in How is inflation effecting you in 2022?   
    Apparently, if you use the same metrics as were used in 1980, inflation is currently 15% in America. And rising.
  5. Like
    Roy got a reaction from ZigZag in Lots of people are selling!   
    Surely the 'dealers sub forum' was conceived to solve this?
    The trade section is for private sales, no matter your membership status.
  6. Haha
    Roy reacted to GoldDiggerDave in 2022 Platinum Jubilee SOTD Sovereign   
    @Darr3nG What's the difference between a flipper and an investor?   About 2 hours 😂
  7. Haha
    Roy reacted to LawrenceChard in Are you a 22 or 24 carat kind of Guy or Gal. or person or...   
    I was deep in sleep very early this morning, when I got the eerie feeling that my name was being mentioned somewhere.
    Now I am wide awake, I can spring to the defence of my honorary title of Pedant in Chief.
    So:
    Carat and its abbreviation ct. is English.
    Karat and its abbreviations kt. and k. are Americanisms.
    American, sometimes called American English, United States English, U.S. English, is a language similar to English, used by most of the population of the North American Continent. 
    The word "carat" is used to denote the proportion of gold in its alloys, and also for the weight of diamonds and other gemstones.
    Americans use the word karat to denote the proportion of gold in its alloys, but inconsistently use the word carat for the weight of diamonds and other gemstones.
    There is an argument in favour of karat rather than carat, as both words are derived from the Greek keraton, referring to the seeds of the carob tree.
    Now, to be really pedantic, I should point out that 22ct gold is not 91.67% gold, but 91.66', where I have used ' to denote "recurring". Much depends on the use of approximation; how, when, where, and why it is used. The problem arises because base 24 numbering systems are not perfectly compatible with base 10 (decimal) systems.
    It follows from this that there are no 24ct or 24k gold coins, only coins which are approximately 24ct. Even .99999 fine gold coins like some Canadian Maples are only 23.99976ct.
    Thank you all for your mentions.
    😎
     
  8. Haha
    Roy reacted to Happypanda88 in Are you a 22 or 24 carat kind of Guy or Gal. or person or...   
    Sir Roy has spoken. I shall edit my post now ! 😁
  9. Like
    Roy reacted to Jvw in Newly minted Silver addict from Scotland   
    Welcome to the forum. I like my premium account. I like to support the forum and it give me the opportunity to have first dibs on sale threads. And I only buy from members with positive feedback, but never had any problem.
    Beware: Silver is a gateway metal towards gold.  
  10. Like
    Roy got a reaction from Fishy321 in Silver Monitoring Thread £ (GBP) only.   
    History could easily repeat itself- remember what happened in '91-'92?
    Interest rates shot up and house prices fell as people were desperately trying to get out. 'Negative equity' was the talk of the tea room.
    I heard stories of people packing a suitcase, walking out of the house and posting the keys through the letter box. Imagine owing more than the house is worth? Ouch.
    But this could be an opportunity for some. I bought a repossession in '92, it was a relatively new build (2 years old) that sold for £50,000 + when new but was now in the window for £28,000.
    It had been stripped, no light fittings and some kitchen units missing but was still under a builder's warranty and only needed cosmetic/home diy repair.
    My mortgage rate then was 9% but the monthly payments were less than £200. As you know, mortgage rates fell soon after but that was luck not foresight!
    Point is...have cash ready, act fast 'cos there'll be others in the game too, and don't worry about repairs. I'm sure everyone 'knows someone'.
  11. Like
    Roy got a reaction from Heirlooms in Are you a 22 or 24 carat kind of Guy or Gal. or person or...   
    22k of course!
    Pre-2013 Brits and sovs, .900 coins are ok too 😄
    There's no history with a 24k coin so these are purely for show, flipping or for sticking in tubes 😛
    (IMO of course, buy what you like 👍)
  12. Like
    Roy got a reaction from silversky in Silver Monitoring Thread £ (GBP) only.   
    History could easily repeat itself- remember what happened in '91-'92?
    Interest rates shot up and house prices fell as people were desperately trying to get out. 'Negative equity' was the talk of the tea room.
    I heard stories of people packing a suitcase, walking out of the house and posting the keys through the letter box. Imagine owing more than the house is worth? Ouch.
    But this could be an opportunity for some. I bought a repossession in '92, it was a relatively new build (2 years old) that sold for £50,000 + when new but was now in the window for £28,000.
    It had been stripped, no light fittings and some kitchen units missing but was still under a builder's warranty and only needed cosmetic/home diy repair.
    My mortgage rate then was 9% but the monthly payments were less than £200. As you know, mortgage rates fell soon after but that was luck not foresight!
    Point is...have cash ready, act fast 'cos there'll be others in the game too, and don't worry about repairs. I'm sure everyone 'knows someone'.
  13. Like
    Roy got a reaction from sovereignsteve in Silver Monitoring Thread £ (GBP) only.   
    Noted 🙄 😊
  14. Like
    Roy got a reaction from James32 in Silver Monitoring Thread £ (GBP) only.   
    History could easily repeat itself- remember what happened in '91-'92?
    Interest rates shot up and house prices fell as people were desperately trying to get out. 'Negative equity' was the talk of the tea room.
    I heard stories of people packing a suitcase, walking out of the house and posting the keys through the letter box. Imagine owing more than the house is worth? Ouch.
    But this could be an opportunity for some. I bought a repossession in '92, it was a relatively new build (2 years old) that sold for £50,000 + when new but was now in the window for £28,000.
    It had been stripped, no light fittings and some kitchen units missing but was still under a builder's warranty and only needed cosmetic/home diy repair.
    My mortgage rate then was 9% but the monthly payments were less than £200. As you know, mortgage rates fell soon after but that was luck not foresight!
    Point is...have cash ready, act fast 'cos there'll be others in the game too, and don't worry about repairs. I'm sure everyone 'knows someone'.
  15. Like
    Roy reacted to CANV in Silver Monitoring Thread £ (GBP) only.   
    I did the same thing around then . Double Miras had been binned and it took 10? years for property prices to get back to the same levels (not index linked!) 
    mine was also 2 years not a thing in it other than part of a cak MFI kitchen. and the for sale sign was wedged across the patio doors as the lock..   happy days.. pretty sure the windows and doors where the kind of cheap wood they made Abla stereo boxes out of. 
  16. Like
    Roy got a reaction from SovereignBishop in Are you a 22 or 24 carat kind of Guy or Gal. or person or...   
    22k of course!
    Pre-2013 Brits and sovs, .900 coins are ok too 😄
    There's no history with a 24k coin so these are purely for show, flipping or for sticking in tubes 😛
    (IMO of course, buy what you like 👍)
  17. Like
    Roy got a reaction from CaptCaveMan in Silver Monitoring Thread £ (GBP) only.   
    History could easily repeat itself- remember what happened in '91-'92?
    Interest rates shot up and house prices fell as people were desperately trying to get out. 'Negative equity' was the talk of the tea room.
    I heard stories of people packing a suitcase, walking out of the house and posting the keys through the letter box. Imagine owing more than the house is worth? Ouch.
    But this could be an opportunity for some. I bought a repossession in '92, it was a relatively new build (2 years old) that sold for £50,000 + when new but was now in the window for £28,000.
    It had been stripped, no light fittings and some kitchen units missing but was still under a builder's warranty and only needed cosmetic/home diy repair.
    My mortgage rate then was 9% but the monthly payments were less than £200. As you know, mortgage rates fell soon after but that was luck not foresight!
    Point is...have cash ready, act fast 'cos there'll be others in the game too, and don't worry about repairs. I'm sure everyone 'knows someone'.
  18. Like
    Roy got a reaction from FlorinCollector in Silver Monitoring Thread £ (GBP) only.   
    History could easily repeat itself- remember what happened in '91-'92?
    Interest rates shot up and house prices fell as people were desperately trying to get out. 'Negative equity' was the talk of the tea room.
    I heard stories of people packing a suitcase, walking out of the house and posting the keys through the letter box. Imagine owing more than the house is worth? Ouch.
    But this could be an opportunity for some. I bought a repossession in '92, it was a relatively new build (2 years old) that sold for £50,000 + when new but was now in the window for £28,000.
    It had been stripped, no light fittings and some kitchen units missing but was still under a builder's warranty and only needed cosmetic/home diy repair.
    My mortgage rate then was 9% but the monthly payments were less than £200. As you know, mortgage rates fell soon after but that was luck not foresight!
    Point is...have cash ready, act fast 'cos there'll be others in the game too, and don't worry about repairs. I'm sure everyone 'knows someone'.
  19. Like
    Roy reacted to sixgun in Silver Monitoring Thread £ (GBP) only.   
    House prices will ultimately crash in absolute terms. Whether inflation means they continue to go up in another matter but in absolute terms they will fall. Once we start to see interest rates climbing the collapse will happen quickly. 
    When i was in the property market a long time ago the interest rates were much higher - the earnings multiples were much lower - they had to be because of the high interest rates. As we move into a higher interest environment there will be many who can now manage but will find they can't in the future. The most distressed start to sell, property prices start to come down. A vicious cycle of distressed sales and lower offers sets in. Property prices have been able to climb to what are ridiculous levels b/c of cheap money. When the cheap money stops the property market resets. How much depends on the level of interest rates. Could they halve? Easily - when interest rates are so low, a doubling, a trebling of rates can easily happen. Governments are afraid of this but being afraid won't make the inevitable go away.
  20. Like
    Roy got a reaction from Gruff in Silver Monitoring Thread £ (GBP) only.   
    History could easily repeat itself- remember what happened in '91-'92?
    Interest rates shot up and house prices fell as people were desperately trying to get out. 'Negative equity' was the talk of the tea room.
    I heard stories of people packing a suitcase, walking out of the house and posting the keys through the letter box. Imagine owing more than the house is worth? Ouch.
    But this could be an opportunity for some. I bought a repossession in '92, it was a relatively new build (2 years old) that sold for £50,000 + when new but was now in the window for £28,000.
    It had been stripped, no light fittings and some kitchen units missing but was still under a builder's warranty and only needed cosmetic/home diy repair.
    My mortgage rate then was 9% but the monthly payments were less than £200. As you know, mortgage rates fell soon after but that was luck not foresight!
    Point is...have cash ready, act fast 'cos there'll be others in the game too, and don't worry about repairs. I'm sure everyone 'knows someone'.
  21. Like
    Roy reacted to MJCOIN in 2022 Platinum Jubilee SOTD Sovereign   
    I've seen the 2017 SOTD sell for over £1000 recently. At least 2 separate sales. It seems to cost about the same as the proof now. In time I think it will increase more than the proof due to the lower mintage.
  22. Haha
    Roy reacted to GoldDiggerDave in 2022 Platinum Jubilee SOTD Sovereign   
    @JeffM Your man fat comment made you a legend!!!!!!!   I know things can get lost in translation.  I know over your side of the pond some states sell beer in larger beer bottles called Growlers.    If you told the guys here you drink beer from a growler I swear to god you would get a standing ovation! 
  23. Haha
    Roy reacted to GoldDiggerDave in 2022 Platinum Jubilee SOTD Sovereign   
    Just tell ‘em your wife works for Cartier and Tiffany
  24. Like
    Roy got a reaction from Jeffers46 in Royal Mint - Great Engravers 2021 - Gothic Crown information   
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  25. Haha
    Roy got a reaction from jultorsk in Royal Mint - Great Engravers 2021 - Gothic Crown information   
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