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My Precious Metals

  • What I am collecting / Investing in
    gold bullion || pre-1920 @ 10% premium (4s & 5s @ 50%)

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swanky's Achievements

  1. swanky

    £1225 Gold oz

    But the £ hasn't devalued much. What has happened is $ has appreciated against almost everything else. That's why £/gold hasn't moved much, and would be same if $ hadn't appreciated.
  2. I count gold being higher in the following month more often than it's lower after a upper BB hit. Daily candles are too short-term for a slow mover like gold, switch to weekly.
  3. What happened to his prediction for new gold ATH in 2021? ... Seems like he focuses on gold, that's fine for long-term forecasts (5+ years) but not for short-term.
  4. He's literally an author and comedian, just the kind of person I go to for financial information 🤣
  5. I collect both and can add some information. Except I don't collect near-mint-condition .925, premium too high, so potential for bias. .925 is more worn than .500, makes sense as silver is softer The first .500 alloy, 1920-22 with the 10% nickel, also wears a lot - less than .925 but more than the successive .500 alloys The next alloy, 1922-27 with 50% copper, fares slightly better Anything from 1927 holds up really well
  6. In my experience average premiums are: Crowns - 90% Half-crowns - 50% Smaller denominations - 25%
  7. If the market price is consistently above your valuation then you need to reassess your valuation. I buy pre-1920 on ebay frequently, at a premium I am confident of getting when I sell.
  8. Old (circulated) British coinage is the best way to stack silver in UK imo. Buy used = no VAT, and cost of minting covered by BoE many decades ago. That just leaves postage, and sometimes s a premium but you get that back when selling. Plus you get to handle it without worrying about smudges or milk spots.
  9. swanky

    Gold price today

    Nah. That’s like saying Nigerian gold scams badly knock gold investor sentiment.
  10. swanky

    Gold price today

    @Bixleyis referring to £ gold price ($ price did not move 3%), to which BoE is very much relevant and significant. It's worth cross-correlating price chart with time of announcements. The FOMC digestion was done before BoE spoke - $ price sharply dropped 1% immediately after FOMC briefing, then clawed it's way back to pre-FOMC price by the time BoE began speaking. Immediately on BoE's rate announcement a, £ price sharply jumped 1.7-1.8%, that's clearly triggered by BoE.
  11. £ gold price will still be green. Half of this move is sterling falling on unexpectedly dovish BoE announcement - $ gold price is flat over a week.
  12. I like this example: Back in 1900 in London, England, 10 shillings would buy weekly groceries for one member of a wealthy household (this is documented in diary records). That's was half of £1 sterling then, same as half a gold sovereign today. Today that gold is worth £150 ($110), definitely enough for a luxurious weekly shop. So at least gold has maintained purchasing power. But in those 10 shillings is 1.68oz of silver, at today's market price that would get just £28 ($21), barely enough for a minimal weekly shop. If silver was widely adopted as everyday money like in 1900, the nominal value in £ or $ should be 5x.
  13. No because the units are wrong. Read my last post in full, which was mostly about units. This guide should help (jump down to 'Multiplication and Division') - http://www.gmatfree.com/module-999/math-with-units This works, thought it might help to show why with the units: g/$-old x $-old/$-new = g/$-new
  14. Forgot about this thread, need to follow-up because this point is critical: You just repeated yourself. And made maths worse, did you mean divide? I will assume that. I will try another way - the maths is fundamentally broken, it's not a matter of dislike. Let's analyse the left-hand side: 24g ÷ $0.04 = ? That means the right value must have the unit of g/$ - grams-per-$ - but you just put $ which is wrong. To get a $ value on right side, and starting with 24g on the left, then the divisor has to have unit g/$ - grams-per-$. Then maths works out - g ÷ g/$ = $.
  15. Why has no one questioned the maths? What is going on here? Why would you do this? What if I did this: 24g ÷ $1 = $24 What does that mean? 24g of silver should have cost $24 in 1900?
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