Shinus73

To keep things in perspective, we’re back to where we were about 10 trading days ago.

Which is what happened in 2010/11.

Key fob.

Past is prologue. Silver is currently behaving as it did in late 2010 - if it carries on like this, the GSR is headed towards 30, as it was in early 2011. May not be sustainable, but that's where it's going.

You’re correct in relation to silver, but not many choose to grade silver coins.

You can’t really blame them when they see 2 oz gold coins in a 70 selling for more than £20,000. I guess they feel that should be their money.

https://www.ebay.co.uk/itm/274449364849 Maybe not, if this is the new normal....

I’ll wait a couple of years and buy one for less than the issue price of a raw one....that’s the plan anyway.

Exactly this. Bad news for those who like to buy raw coins and hope to achieve a bump in value by self grading and getting a 70. If they do this with limited mintage gold coins, the only prospect of collecting 70’s will be to pay whatever the mint decides they are worth.

Back to the below spot junk silver when prices / premiums go mad.

For anybody interested. https://www.royalmint.com/discover/uk-coins/circulation-coin-mintage-figures/strike-your-own-coin-sales/?utm_source=twitter&utm_medium=social&utm_term=&utm_content=&utm_campaign=2020-07-rme-opening

Was the buying that pushed it there also co-ordinated? Seems just as likely as co-ordinated selling.

You’re difficult to please, it’s up 6.5% on the day!

In 2011 it would certainly have been a better move to sell everything at the peak for silver and buy back gold 12 months later, rather than swapping silver for gold at the GSR low.

Many good things can be bought in a car park.