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.

Sparrow

Member
  • Content Count

    40
  • Joined

  • Last visited

Profile Information

  • Gender
    Male
  • Location
    UK
  • Stacker/Collector
    Collector

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Sparrow

    New to Gold

    Also if you're new to gold this is worth knowing; tiny quantities like 1g are cheap, but they tend to not be a very good deal. At the time of writing the spot price for 1g of gold is about £48.50, so buying for £56 is a price increase of roughly 15.5%. If I pop over to Hatton Garden Metals' website, for example, they are listing their "best value" gold sovereigns at £370.97. If you discount the non-precious metal content of a sovereign and just focus on the 7.32g of gold in one of those coins, £370.97 ÷ 7.32 gives you a price of £50.68 per gram of pure gold, a mere ~5% increase on t
  2. I may be going off topic here, but I found it interesting and thought it might prove interesting to others. Apparently some political scientists conducted a study comparing non-violent and violent political campaigns since the year 1900, of which there were 323 at the time of the study. (I think it was sometime roughly around 2010.) Requirements were that the movement had at least 1,000 active members and they were deemed to have succeeded if their goal was achieved within one year of the event. Violent campaigns were completely successful 23% of the time, partially successful 10% of th
  3. I think the answer is rarely, if at all. I have had a quick Google and it looks like when an armed militia (or a lone gunman) takes an armed stance against the government (the US government at least) it pretty much always results in prison or death. Or a mixture of the two if there's more than one perpetrator involved.
  4. I definitely prefer smaller coins. The largest one I own is a double sovereign, and while the weight of a larger coin in your hand is undoubtedly satisfying, I have no intention of buying anything bigger than that that for the forseeable future. Three reasons really, - firstly I like to have variety in my collection/stack and by acquiring more, smaller coins I achieve greater variety than if I saved up for a 1oz coin, secondly to my mind it's more satisfying to have a pile of ten small coins than a smaller pile of say, three big ones. And finally, from a practical standpoint, being UK
  5. The French rooster is a beautiful coin, restrike or not. Got my hands on a 1901 rooster last year, no regrets.
  6. Yep. I think they bought something like 100 tonnes or more last year alone. As growth continues to slow and trade & geopolitical tensions increase, it's hardly surprising that a number of nations (such as China) will want to shield themselves from the risk of sanctions, trade wars, etc by converting their dollars into gold. (Even without a global pandemic.)
  7. The gold price is going to decrease by 40%? With substantial risks to global growth and growing geopolitical uncertainty thanks in no small part to covid-19? In this era of low interest rates that has driven central banks to buy record levels of gold in 2018, 2019, and to in all probability break that record again this year? Doubtful. And that's putting it mildly.
  8. Would recommend that you check here. https://www.thesilverforum.com/forum/12-buy-sell-trade/ If you can't see what you are looking for then make a 'Wanted' post.
  9. Definitely. Long term the price pressure is still in favour of being on the upside. On the one hand if there's a second wave and countries have to shut down their economies again then that will make price rises more likely (not to mention the question of unemployment), and on the other hand if there is rapid economic recovery - with all the money that the central banks are pumping out how could that not be inflationary?
  10. A little bit here, a little bit there 👌
  11. I like your thinking, but...money. 😛
  12. A sharp dip in the gold price today, lost ~£40/oz at the time of writing. This will be due to either to the dollar strengthening on better than expected US jobs data, or because I bought gold yesterday. 😅
  13. Here is a graph depicting central bank purchases of gold over the last two years. Suffice to say, I am not convinced by Wonger's arguments.
  14. I have received one coin this week which I had ordered from abroad on the 24th of April but I am still waiting on a coin that I ordered from a UK based company on that same date. Lol. Like @Clockpuncher said, it is very much pot luck apparently.
×
×
  • 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