TheCoinCabinet

1 hour ago, Nick1368 said:

After some advice from a forum member, decided  to buy this 1989 Quintuple Bullion sovereign instead of a 1989 proof double sovereign.
 

That looks very nice. We had a raw BU one with the same box sold in auction 16 end of April for £3,100!

In my view, nationwide average house prices only show half of the truth. Look at London house prices (link to Land registry) 

All property types (London only)
Jan 1970 £4,949
Sep 2018 £476,545
9500 % Increase (but still not as high as gold  )

Perhaps around 10,000 % in last 50 years is a realistic marker for scarce tangible assets?

I had a quick look in Seaby's (now Spink's) Standard catalogue of British coins, 1969 (I don't have the 1970 issue at home)

1838 sovereign in EF: £35 in 1969, this is quoted £3,500 in Spink's 2020 issue
1841 sovereign in EF: £250 in 1969, £22,500 in 2020
1839 £5 Una and the Lion in FDC: £100 in 1969, try to find one now for £100,000 - impossible!

On 16/04/2020 at 14:19, Safestacker said:

How does this work. I’m on your website now and there are bids already on each coin? 

Hi Safestacker,

You should be able to see the starting price and the current bid for each coin. Some of the pieces have already received quite a few prebids, so the price has climbed up. If a piece has not received any bids yet, it should display the words "Minimum Bid" in light grey next to the "Place Bid" button. We posted some details on the bidding process in an earlier post this year, see link below. Let us know if this helps and if there is anything else we can do.

Thank you,

The Coin Cabinet

Good morning, 

Just to let everyone know that The Coin Cabinet auction 16 is up and while the focus is on collectable and semi-collectable gold coins, there is a great deal of bullion coins this time around to cater for the surging demand in these unprecedented times. Our auctions have a 0% buyer premium and bidding start at 90 % of gold bullion value so a cost-effective way to buy bullion. Here is a link to the auction taking place next Sunday 26th April, 3 PM.

We will also hold a webinar next Friday with gold market commentary joined by Tom Pelc our investment director, a macro-technical strategist with 30 years experience in banking and trading. Please contact us for more information and to receive the invitation link.

Stay safe everyone!

Andreas Afeldt
The Coin Cabinet Ltd

Hello all,

We will host a LIVE webinar tomorrow evening at 8pm UK time, covering topics such as

- Reasons behind gold price fluctuations during COVID-19 crisis.
- How investment into gold coins can help your financial situation
- Semi-collectable gold coins as a cost-saving option to bullion

I thought this could be of interest to some of you. 

Tom Pelc, our investment director with over 30 years experience in banking, a leading figure on macro-technical strategy, will co-host and share his professional analysis on what has been going on in the gold market lately. This will not be the standard information you read in the newspaper.

Here is a link to the webinar which happens on Zoom 

https://zoom.us/webinar/register/WN_IjHGMNpiRrO9JBdYbfR4Dw

All the best and stay safe,

Andreas Afeldt
Managing director, The Coin Cabinet

On 18/03/2020 at 08:19, BazzaC said:

Morning all

so is this possibly a buying opportunity with a dip, Or is there still some time to sell?   Physical I'm referring to that is.

Thoughts and ideas if you please... if I can request this here.

Hope above is also answering your question. Yes gold is a buy and recently it tested the 260-day moving average @$1448 and bounced, any move towards there is imo a buying opportunity and even if drops below MA won't sit there long

On 18/03/2020 at 08:25, Roy said:

So a hit in USD but not much of an effect in GBP.

Why is that? 🤔

This is the currency effect. GBP keeps getting pounded (excuse the pun) so although USD price looks cheap, GBP is near all-time high. Don't be fooled by the expensive looking price in GBP and sit on the fence, it's still cheap and gold will go to new all-time highs in USD too soon. GBP is unlikely to recover anytime soon so even for UK investors gold is a buy imho. My baseline is this: money in the bank is costing you money with 0 % interest and (soon rising) inflation. Some shares may be an option, but I don't have much confidence in stocks right now

Gold has sold off recently not because of gold-related factors, but merely for it being a liquid and volatile asset. Highly leveraged players had to dump any such assets on their books (gold probably booked them a profit too!) to meet margin calls when equity markets drop 20+% in such short time. Same thing happened In 2007: gold dropped 33 % in 3 months then went up 55 % in the following 3 months and went to all-time high $1920. What we are seeing is temporary and there will be a huge upswing soon, especially after all CBs and Sunak writing blank cheques. Don't get me wrong its the right thing to do at this point but will inevitably lead to rising inflation. 

Sorry for quoting USD prices in GBP thread but imo gold must be looked at as a currency of its own and measured against multiple currencies to get a clear picture

On 16/03/2020 at 13:14, MetalMandible said:

I hope forum users were able to take advantage of the gold spot price plummeting to $1455 this morning. Wow. Can't say I'm surprised but still, it's rather telling of the times we are in.  

Yes, gold price literally touched the 260-day moving average at $1448 and bounced. Any reversion back to the MA now should be an opportunity to buy, even if breaking below MA won't sit there long

On 16/03/2020 at 11:32, Abyss said:

In the 2008 financial crisis things happening using the same play book but a lot quicker and faster. We have the shortest amount of time Dow losing 20% in bear market. What we are seeing in global markets, currency markets (GBP/USD at 1.32 last week now at 1.22) moves in PM happening at record pace. My initial thought wait a month for Silver below $14 and Gold below $1500 and back up the truck but witnessing volatility and price movements in all assets classes never seen before.

Agreed, in 2007 same thing happened-- gold sold off as highly leveraged players had to dump their liquid assets to meet margin requirements. Gold sold off not because of gold-related factors, just for it being liquid, volatile and probably also booked at profit. In 2007 gold dropped 33 % in 3 months then went up 55 % in the following 3 months and went to all-time high $1920. What we are seeing is temporary and there will be a big comeback soon, especially after all CBs and Sunak writing blank cheques. Don't get me wrong its the right thing to do at this point but will inevitably lead to rising inflation

Hi all

Just to let everyone know we have a 2019 Gold 200 pounds Una and the Lion NGC PF70 Ultra Cameo in our upcoming auction tomorrow. Here is the link

https://auctions.thecoincabinet.com/auctions/4-9B8PF/the-coin-cabinet-auction-13-0-buyer-premium

Please note there is a 0 % buyer premium in our monthly auctions.

Thanks,

The Coin Cabinet