Stuntman

I think the terms of the Brexit deal will ward off the Spanish Armada coming to fish in UK waters, and therefore my prediction is £1588.  

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 🙂

^^^ @Leonmarsh that's a really nice stack you've got there.  Something for everyone and a little bit of everything.  Nice work!

2014 proof version for me.  I also like the 2007, 2020 proof, and 2018 Oriental Border.

I have a few Monkeys and I bought my Mum a couple of Roosters, as these are our own Chinese Lunar signs.  
I quite like those two designs, but had no interest in collecting the series.
I suppose that collectors of Lunar coins have stuck to the more established series from other mints such as the Perth Mint.

The non-uniformity (randomness, bizarreness) of the designs didn't help much either!

Wow.  The RM are absolutely rinsing whatever licence they have bought to the James Bond intellectual property.

Not for me, but I can see the appeal to some.  If I was in the market, I'd buy the 10 oz silver, put it in a nice plastic capsule, and probably leave the rest well alone.

Edit: they've missed a trick with the mintage numbers.  Should be 70,007, 6007 and 5007, surely!

The Greyhounds have arrived:

It just needs to crash in September when the last Queen's Beast gets released.

Once I've bought the 1 oz and 1/4 oz bullion coins it can resume its journey to the moon 😀

I won't be selling any PMs for at least 6 months.

On 23/07/2020 at 22:16, Martlet said:

  It can be hard going.  The "f" for "s" do me head, inconsistent with Silver, paffing (passing), Sixty fix (six) and my favourite finefs (finess).  How did we rule the globe?  

It's a good job the coin is called a Sovereign and not, for instance, a Honeysuckle... 😉

^^^ It'll just about cover the bus fare home, if I don't win the speedboat!

Feast your eyes on some prime platinum beef (and various other meats...) 

^^^ Wow!  Is it yours?  Fantastic if so!

Well I hope it does dip to $400 for at least a week in September 2020 and when all UK dealers have full physical inventories.  We can all back up the truck!

I have somewhat less confidence than our esteemed OP that the above is somehow going to happen.

Wow, those quintuples are fantastic.  Very envious here!

I originally ordered this coin on 19 March and returned it to the Royal Mint after speaking with them by email, because it was jammed inside its capsule (the capsule was too small for the coin).  They received the returned coin on 2 April.

After waiting almost 3 months and chasing them multiple times by email, phone and their facebook page, the replacement coin arrived today.

Unbelievably - it was also sent out in a capsule that was too small for the coin.... 💣😠😲🥵

This time, however, I have managed to extract the coin from the capsule (very carefully and painstakingly) and put it into a capsule that actually fits the coin properly.

The coin is not perfect, it has a couple of small nicks - likely to have been caused when it was originally pressed into the too-small capsule - but I can live with it.  I certainly have no desire to send this one back, wait another 3 months, only to receive yet another coin in a too-small capsule...

I will chalk it up to experience, and only order from them again unless the product I want is completely unavailable anywhere else.

Anyway - here it is:

Maybe he's been repossessed 😉😆

I have been waiting for a platinum coin from them for almost 3 months now.  Have contacted them by telephone, email and facebook but nobody seems to be taking responsibility.  I will chase them again on Monday.

NEVER again will I order from them if I can help it.

2 hours ago, SilverApe said:

I'll have a stab at this. It comes down to a liquidity crisis. In every market there are stratas of investors; institutional, retail, hedge funds and many others. In the event of a sharp loss in the stock market or somewhere else, gold holdings might be sold off to cover those losses, or previously held longs/shorts would be unwound. This was obsevered during the 07/08 crisis when the price fell as there was a run for cash (or cash equivalents), which means the gold price fell as there were fewer bids up. 

Personally, I can't see a fall in price as we are technicallly already in a deflationary period as seen by the central banks' worry to keep pumping money to get the inflation target of 2% realised. Money suppy, M2, M3 has expanded enormously, and gold's ability to keep accounting for this, if not magical in some sense, is really telling of what is to come. I think there is going to be a delay of around 3-4 years before we see an unrelenting uptrend as either the pumped money sees a reckoning as currency value is massively devalued.

Attached image shows how gold, through the market, seems to be able to price monetary expansion.

But then, this interview from some years ago highlights how it could simulataneously over-valued.

https://m.investing.com/analysis/paul-van-eeden-on-why-gold-is-overvalued-145483

The chart in the link shows how gold has over-run the M2, M3 supply, but in fairness, the pumping today as caught up with gold value. From my point of view, it's another leg upwards.

 

 

Thanks @SilverApe for those thoughts and charts.  I agree with the part that I have highlighted in bold, but I think that phase of the gold price happened in March, and then again in early April.  Since then, the prices of other assets have stabilised or risen.  If we see another big leg downwards in the stock markets, I reckon there will be another short term sell-off of gold (and I'm watching this closely, ready to buy) but I think it will be very short lived, and a narrow buying opportunity - if indeed it occurs at all.

My own view remains that the medium-term conditions for holding gold remain very positive: a flight to safety coupled with negligible costs of holding in terms of lost interest etc.

I will be buying more this year, rather than looking to sell.

2 hours ago, Ranger2girls said:

wow 107 and your wife still treats you  happy birthday 

He's surely on his fourth wife by now, who is about 28 years old and "doesn't just love him for his money..." 😉