Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

sixgun

Silver Premium Member
  • Posts

    11,545
  • Joined

  • Last visited

  • Days Won

    37
  • Trading Feedback

    100%
  • Country

    United Kingdom

Everything posted by sixgun

  1. sixgun

    Speechless

    i am laughing but someone is going to be disappointed somewhere down the line. Just for illustration the fake next to an example put up by Chards.
  2. If i were you and interested in picking up a bit of precious metal (a good idea) i would start with gold. Pick up sovereigns and half sovereigns. They sell easily, there are no taxes on them, including CGT when you sell. Once you have found your feet then start looking into silver. Novices often pick up the wrong silver and end up disappointed and can drop out. No need for that if you kick off with sovereigns. Yes you seem to be paying a lot for a little coin. Little coins that look like pennies. Easy to move, easy to hide, easy to move across borders, easy to sell. That's why 9 out of 10 members recommend beginners start with gold sovereigns.
  3. The issue with this bar is it is it has no markings on and it is pretty big. Pretty big means it has a pretty decent price tag to it. An issue with larger bars is potential buyers wonder if it is all silver and with a bar this size plenty could be lurking inside. It might test as silver on the outside but what is deep inside? Certainly if you want some cash it is worth selling but will buyers trust it is all silver? You may well find buyers are distrustful and unless they can access the bar and test it before buying they might give it a pass. Why take the chance with a lump of silver like that? A refiner might take it, a dealer who has all the kit to test it they might be interested.
  4. The look of this suggests to me it is plate. i don't recognise any of the marks - they aren't British silver marks anytime in the last few hundred years.
  5. There was a thread about this topic maybe a couple of years ago. Some people get hot under the collar. Personally i have something of a morbid curiosity for such things. i am sure i have some. If you are interested in these coins for whatever reason, i would collect them. Why not? No reason at all. The more some people get hot under the collar the more i would collect them.
  6. The Silver Jubilee crown on the right was minted as a silver proof which obviously has value, the cupro-nickel are junk. The 1981 Diana Charles crown - again also minted as a silver proof and cupro-nickel. i expect your coins are cupro-nickel. The 1935 George v & Mary 'silver jubilee' medal - i expect this is a Middlesex one. i have seen the style of medal front you show which is Sterling - in this case it will be hallmarked.
  7. i expect you will find you will sell 999 bars more easily. How much is it costing you to refine the silver? If you are going to make very bog standard bars you might find you can get a better turnover selling the 999 silver grain. It depends on how much you are dealing in as to whether this is worth it. i recently bought 5kg of 999 grain from @ilovesilverireallydo - it was high quality pure silver grain and as i understand it, it flew off the shelf.
  8. You own your deeds. The bank has a lien on your deeds. God gave man dominion over all the earth. If the bank went pop someone will pick over the bones and take possession of the lien. i guess it might be available to buy at a decent price and then you could discharge it.
  9. Inflation is an increase in the money supply (Austrian economics). An increase in the money supply (Inflation) is necessary and good if the economy is expanding. Currency is the means of exchange and if there are more exchanges going on you will likely need more currency. Currency is needed to grease the wheels. The problem arises when governments issue more currency than the economy requires for stable prices. This is easy in a fiat system where currency can be turned on and off at will. They do this for wars, for political giveaways, to get re-elected, to fund their cockeyed plans and projects, to pay their mates overinflated contracts, to fund the scamdemic and so on. Prices may or may not go up with an increase in money supply. If the economy needs the increased supply there may not be price increases (unless say there are raw material / labour shortages). If the system is flooded with currency and if there is more currency chasing the same number of goods and the supply / demand equation leads to increased prices. If you take currency out of the system you will see deflation, where less currency results in falling prices. The Great Depression in America was a results of a number of factors but reduced money supply and money velocity with 2 big ones. You could have a situation where there was inflation (more money supply) but it was not keeping up with the expansion of the goods coming into the economy. In this case there is deflation and falling consumer prices. You could have a situation where there is more money supply but the money doesn't move around - where money velocity falls. No-one is spending money and so supply / demand causes prices to drop. Following the so-called financial crisis, $trillions were issued to make good the balance sheets of failing banks (too big to fail). That currency stayed within the financial system. The currency did not get onto the High Street. We saw bond prices rising, we saw stock prices rising (financial products). We saw cheap currency to borrow and as a result property prices also soared. However High Street prices remained low. Indeed the recession in the economy resulted in less demand for goods and stable / falling prices in some sectors. This time the financial sector and the High Street are being doused with a flood of currency. This is resulting in both inflation and a rise in prices.
  10. As long as you are comparing the same weight of chocolate it works. Chocolate bars have a tendency to suffer shrinkflation.
  11. It is working. i would reboot the computer, clear the cache, reboot the router, try another browser sort of thing
  12. Irrespective of whether Gamestop does rise from the ashes it is way overpriced. There is a lot of competition from game makers with gaming going online, so it feels like Gamestop is behind the pace and will eventually fall by the wayside. i keep selling well out of the money options and with so much volatility priced in, these are a money making machine to me.
  13. i didn't know it was cool to say i have "physical gold or silver." i lost all mine in a tragic boating accident. Many here keep the metal themselves. Particularly if you have gold it is very easy to hide if you think about it. Gold and silver are money. They have been for thousands of years. If they weren't, they wouldn't be manipulated like they are. The economic and financial data in the last couple of days should send gold and silver much higher but you see them falling off a cliff. These are the desperate thrashings of a dying animal. Property and stocks are in general in a bubble. Many of them will blow up. The same goes for much of the crypto. It is a craze. If the crypto token isn't part of a proper business which is starting to or actually doing business, it will fizzle out. It is like the dot com boom - lots of ideas going nowhere and on close inspection they were half baked ideas. When inflation takes off, then property will likely take off. We will have to see what happens when furlough finishes and reality kicks in.
  14. You says you have considered a drip feed of funds into precious metals. The sort of thing most of us do there. Not by so grand design but b/c we spend up what we have and then wait until next month for the next lot of play money. You then go on to compare the performance of gold since the early 1980's. i took a look at what i presume to be an inflation linked chart of the price of gold in USD. From this we can see in USD terms you would be quids in if you had invested in October 1970 which is the low point on the chart. Similarly you would have done very well if you invested in 2000. However if you bought all your gold at the peak on the chart in early 1980 you would have been losing every since. If you have drip feed cash into your gold buying account since the early 1980's you would have been buying gold at all different inflation linked prices but most of them would have been less than today's price. So no, a drip feed approach to investing in gold would not have broken even - you would have made a significant gain.
  15. i presume that you looked just now. When i posted my comment the out of stock was not showing and certainly not showing last night. i saw a comment by Dave Kranzler on twitter today where he said the drop in the silver price had resulted in dealers' phones ringing off the hook.
  16. i was looking at the price of monster boxes of Britannias on Atkinsons last night - i happened to write the price down. It was £11 115. Right now the price is £10,785. That is a fall of £330. That is a fall of 2.97%. Looking at XAG/GBP on Tradingview it looks like price fell 3.3% between the time i looked and now. So the price on Atkinsons is not following spot exactly but it is quite resposive. Now if price were to absolutely crash like March 2020 i expect the selling price of coins will not follow spot.
  17. Although we hear that sinister unstoppable and all powerful forces as working in the background i am increasingly coming to the conclusion that those at the helm are simply incompetent. Their ship which most of us are sailing on, it is going to sink. Whatever they do now is pointless - it is going to sink. No-one is manipulating your stack other than you. Just keep stacking, you know it makes sense. Which island are you from?
  18. I presume this is an enamelled Sterling silver badge / brooch. The CMR is Charles M Robbins. He was an American jewellery maker who established The Robbins Company in 1892 in Attleboro, Massachusetts. Champlevé is an enamelling technique which is presume has been used on your brooch.
  19. sixgun

    Priced in gold

    The text above the chart i have found reads The chart shows the RELATIVE price of a house over time when prices in gold and GBP. It starts at 100 - that is 100 units of GBP and the amount of gold that GBP would buy in 1952. So let's say it was 100 oz of gold in 1952. Up to about 1972 increasing amounts of gold and GBP were needed to buy the house but relatively more gold was needed. At the tail end of 1971 the dollar came off the gold standard. Less gold was needed to buy the house into the first half of the 1980's. Then house prices start going up faster compared to gold. More gold is needed until 2005 after which the price of this average house has been falling in terms of gold. @Roy In 1968 Decimalisation started to kick in. An excuse to put GBP prices up. The house price in terms of GBP went up but down in gold. Since 2005 gold has been a better investment than housing.
  20. i have seen some of his videos before. Certainly the one with Rick Rule. i don't agree that gold cannot be compared to other assets. Gold is money and money is something that is compared to anything with a price.
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use