Robda1986

1 hour ago, spookyandroid said:

Silver is prime to explode IMO. Fiat (mostly USD) is currently rallying, without logic or reason, whilst simultaneously being irrecoverable, regardless of tack, growing an economy and paying off debt without affecting interest rates and running up more debt. Zero chance. 

So economic hardship, twinned with a new "greener" outlook, of which silver is a main component, its hard to see these price levels hold much longer. 

Obviously everything is speculative unless you're an inside trader but seems a no brained to me.

True but seeing as how silver has just had the perfect storm to cause it to explode and it didn't I'm not seeing how this stands any better chance.

Media attention from Redit,

Supply restrictions from covid,

Availability issues from most of the major mints and refineries,

You only need to look at the last 10 years and see its not doing anything it hasn't before and given inflation is around the 20% its less now than it was at the beginning of the year before Russia, fuel hikes ect 

6 minutes ago, Paul said:

They might be CGT free if they are RM issued lol 

Oldest was mid 1700s my guess is it'll get deemed as treasure with several being from Brazil 

Hmrc will be following the auction closely 

Canceling and relisting an item with minutes to go because they didn't set a reserve and aren't willing to sell at the auction price 

My crypto investment is down 80ish % I'm just going to rough it out maybe one day it'll jump but till then meh 🤷‍♂️

1 hour ago, Luketeach said:

Lovely collection, where did you pick up the tombstone bars if you don’t mind me asking?

The 5oz of @Leonmarsh the 10 and the kilo off ebay the only one I'm now missing is the 1oz hammered gold 

Ouch depends how badly you want it. I tried selling a kilo lunar dragon at 20% over spot on here and zero interest so Im passing on kilo coins as bars seem to be more desirable 

What's the rough price on the 1ozs? 

Omp as much as a pain it is it takes up 4-5x the space I went down the same route a while ago and ended up getting 1oz bar tubes think I had a little over 200oz of them at 1 point 🙄

I've got a couple kicking around that aren't worth what I paid for them I'm just going to hold them till either I peg it or the price shoots up. tuvalu gear coins 

Now comes the argument of ownership again think Spain won the last fight over sunk treasure 

Loose especially in relation to sovs otherwise they don't fit in the box 

On topic but off topic if your new to the market stick to the bog standard britanannia / krugerrand for silver. Sovs, krugs and capital gains tax exempt items for gold. Umicore/ pamp/ metalor for bars and avoiding hand poured items as liquidity can be problematic to say the least. 

2 hours ago, Sc391 said:

Paul

Thanks for your thoughts.  I’m mostly a collector- sell a few now and then- so I’m not overly concerned about short term gains.  I have all the coins you mentioned above which I purchased because they are unique and special.  I hope they increase based on their beauty, but even if they don’t I still get to appreciate them as a bit of history I can hold in my hand.

Just look at the 1989 proof sovereign Royal mint couldn't shift them for love nor money to start with now their asking 2.5k. I agree with everything Paul said excluding the 2022 sovereign design. My proof got sent back the same day it arrived. 

The gruffalo 50p. The original £2 coins not the bi metallic ones. And........ 🤔 A series of pre decimal into decimal coinage just to string things out 

The cheapest option if your looking for kilos are the kilo coins oddly. ? As to why. They frequently sell for less than a generic metalor/umicore bar

The smaller the bar the higher the premium I suggest steering clear of the 1oz bars especially Scott's Dale the one bars as there is so many fakes. 10oz bars are a popular size not too many 5oz bars other than fortuna or Scottsdale 

I'm guessing it's Russian investors trying to hold on to their investments explains the removal of tax on pms in Russia and their doing the same with their yachts as their off shore accounts are getting seized 

21 minutes ago, silversky said:

Anyone have any links to people chatting about the physical market?  Curious to know whether it's just paper shorts being closed, or whether there's a demand on delivery.

I've not seen a jump of 10% in physical prices yet so guessing it's just paper swapping hands 

7 minutes ago, CaptCaveMan said:

Nearing £1,475 

1478 and still climbing could it possibly be inflation has hit 🤔

Tempted to start Stacking drums of electrical cable opposed to silver 

😒 You add inflation and geez silver has taken a beating in the last year 

With the shear valve of just the 2oz silver arms and gothic alone rrp is just shy of £2.1million why haven't they brought in automated qc controls that photos each coin prior to packing and rejects any that are damaged or have imperfections? . Most if not all car manufacturers do it to make sure holes are in the right place any defect is then flagged up.