Gold Monitoring Thread £ GBP only

[artalien]

A safe haven where God put his money as a hedge against universal expansion of the currency supply.

He also serves who sits and watches, and LOOK ooohcha! £1636.4

[Paul]

3 minutes ago, Stu said:

Did you sell those as singles mainly on the bay right enough Paul? 

Yup, around 85%went on the bay. List price started at premium rip off rates, then slowly dropped fed over 12-18months

Sadly hard to get premium prices here. As I don't know them on eBay I don't feel guilty

did some good bargain deals here in the final few months 

Used silver sales to buy gold 

[Stu]

2 minutes ago, Paul said:

Yup, around 85%went on the bay. List price started at premium rip off rates, then slowly dropped fed over 12-18months

Sadly hard to get premium prices here. As I don't know them on eBay I don't feel guilty

did some good bargain deals here in the final few months 

Used silver sales to buy gold 

That’s a lot of packaging mate, and tell me , did anyone try a scam on the buyers side out of all those sales?

[Paul]

9 minutes ago, Stu said:

That’s a lot of packaging mate, and tell me , did anyone try a scam on the buyers side out of all those sales?

I've been on eBay since 1998 and done over half million separate/individual sales so wise to things, never had one charge back or hassle. Two bulk buys just red flagged me as dodgy and i refunded payment stating bank transfer only one paid was ignored/scammer..the one who paid actually bought around 600 Oz a tube or so every month that saved me on fees

I also had a tube of x25oz returned to me by royal mail as not collected from sorting office and I'm still waiting to rearrange delivery so take your pick what happened there ! Prison? Death? Murdered? Moved abroad? Evicted? 

All in all no issues really whatsoever. But yes, lots of admin when stuff is cheap

When stuff is listed dear it's a few orders a day going out, when you're cheapest on the eBay market and default 1oz coin in best match results, so can easily do 100oz in a day 

Edited October 25, 2023 by Paul

[Petra]

1 hour ago, Earthmetal said:

I don't get the argument that WHEN gold & silver increases in price no-one will buy it. Also that only small coins will sell not large ones. It's just cobblers. It's already way more expensive than it was say five years ago but people still buy it.

If we accept it roughly follows inflation, and that wages & prices roughly follow inflation, then when a 1oz coin becomes 'worth' £2,000 it will seem (again) roughly the same as it did at £1500. Likewise a £480 Sovereign will appear a similar pro-rata value as it does now.

If your wages go up like that I’ll come and have one of those jobs!🤔🤔

[HerefordBullyun]

I reckon tanks will be rolling into Gaza within next 72 hours... keep an eye on spot price.... you heard it here 1st 

[theman73]

19 minutes ago, HerefordBullyun said:

I reckon tanks will be rolling into Gaza within next 72 hours... keep an eye on spot price.... you heard it here 1st 

I'm available for a bet

[Thelonerangershorse]

18 minutes ago, HerefordBullyun said:

I reckon tanks will be rolling into Gaza within next 72 hours... keep an eye on spot price.... you heard it here 1st 

The big question is, at what point during the war in Gaza will China take the opportunity to invade Tiawan?

[Sovhead]

20 minutes ago, HerefordBullyun said:

I reckon tanks will be rolling into Gaza within next 72 hours... keep an eye on spot price.... you heard it here 1st 

It’s a given always was.

Spot price to rise ? I’ve got a 1911 Sov I need to punt well worn on the G&D side taken from a ring or necklace for £390 free postage 👍🏻

[James32]

15 minutes ago, Sovhead said:

It’s a given always was.

Spot price to rise ? I’ve got a 1911 Sov I need to punt well worn on the G&D side taken from a ring or necklace for £390 free postage 👍🏻

Need £2k spot to shift that lol

[Gruff]

14 minutes ago, James32 said:

Need £2k spot to shift that lol

He'd need tp pay me £2k to take that  

[9x883]

1 hour ago, HerefordBullyun said:

I reckon tanks will be rolling into Gaza within next 72 hours... keep an eye on spot price.... you heard it here 1st 

💯

[James32]

£1659

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gotcha...

[9x883]

Just now, James32 said:

£1659

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gotcha...

👏👏👏👏👏👏👏👏😂

[9x883]

1 hour ago, HerefordBullyun said:

I reckon tanks will be rolling into Gaza within next 72 hours... keep an eye on spot price.... you heard it here 1st 

pssssh 🤫 the buyers will hear you!

[HerefordBullyun]

Breaking 10Y yields bonds are not a million miles back to near 5% again

been going up since 1400 this afternoon

[HerefordBullyun]

This is an excellent presentation by Dr Chris Martenson

This breaks down the debt bomb that the US is facing. Its really simple to understand so really worth a watch and when the debt ceiling was lifted 134 days after 1.8 Trillion was added...... 

 

 

[gji25]

5 hours ago, BLOOMMAN101 said:

worth keeping this in mind

 

If it comes to it you dont buy it.  You barter with it 🙂

[LemmyMcGregor]

26 minutes ago, HerefordBullyun said:

This is an excellent presentation by Dr Chris Martenson

This breaks down the debt bomb that the US is facing. Its really simple to understand so really worth a watch and when the debt ceiling was lifted 134 days after 1.8 Trillion was added...... 

 

 

I can explain in a much shorter way using only 2 words, Weimar Republic.

There's even a shorter way! Venezuela.

[BLOOMMAN101]

 

[Foster88]

5 hours ago, Earthmetal said:

I don't get the argument that WHEN gold & silver increases in price no-one will buy it. Also that only small coins will sell not large ones. It's just cobblers.

Have you not looked at the ‘for sale’ thread of the forum recently?

I beg to differ.

1oz gold Britannias at or less than spot.

Sovereigns at spot or less than spot.

There is clearly a huge shift happening and it’s happening now.

I can honestly say that having been a member of this forum for five years I’ve never seen a time like this.

Cobblers you say?

I think not.

[gji25]

30 minutes ago, Foster88 said:

Have you not looked at the ‘for sale’ thread of the forum recently?

I beg to differ.

1oz gold Britannias at or less than spot.

Sovereigns at spot or less than spot.

There is clearly a huge shift happening and it’s happening now.

I can honestly say that having been a member of this forum for five years I’ve never seen a time like this.

Cobblers you say?

I think not.

They key word here is spot price. eg: if spot price was £1400 per oz then you would gladly pay 1%-2% over spot. If spot price was £1700 per oz then some people would be hesitant to pay 1%-2% over spot. if spot price was £2000 per oz you would say i wish i bought at £1700 

Edited October 26, 2023 by gji25
maths

[Foster88]

2 minutes ago, gji25 said:

They key word here is spot price. eg: if spot price was £1400 per oz then you would gladly pay 1%-2% over spot. If spot price was £1700 per oz then some people would be hesitant to pay 1%-2% over spot imo

You are right in that ‘spot price’ is what everyone fixates on.

Its no different to shopping in the supermarket, it’s what the buyer perceives to be either a bargain, an acceptable price or being ripped off.

Maybe the supermarket example wasn’t a good one with end of aisle (rip off’s) promotions but you get what I mean.

It all comes down to what you perceive as a ‘good deal’ as a buyer.

I think many on the forum are holding their breath because we don’t know where the gold price will go next.

Only time will tell.

On a side note, speaking of supermarkets, ALWAYS look at the price per grams when shopping. Sometimes you’ve got to buy more to save more.

[apachebleu]

5 minutes ago, gji25 said:

They key word here is spot price. eg: if spot price was £1400 per oz then you would gladly pay 1%-2% over spot. If spot price was £1700 per oz then some people would be hesitant to pay 1%-2% over spot. if spot price was £2000 per oz you would say i wish i bought at £1700 

 I think the challenge just now is the lack of belief the spot price will hold at these highs, recently we have seen big moves up and down so it's hard to buy when you expect the price to drop.

 I have noticed that some previous high premium coins like queens beasts are up at these prices too, damn near spot so if you believe these prices are the new normal you could do well.

 On the flip side recently I've been paying more attention to proofs which are really getting hit. Prices aren't rising in line with spot and if your struggling to buy bullion then proofs are out the question so there are bargains to be had and the rising spot only makes the proof prices more appealing.

 May have a bit to go before I can call the pf69 gold 3 graces in the graded section of the marketplace I've been drooling over a bargain but I live in hope

[Roy]

47 minutes ago, Foster88 said:

1oz gold Britannias at or less than spot.

Sovereigns at spot or less than spot.

It's almost like folk are embarrassed to be asking such a price!

'£1650 for a Brit? They'll never pay that!'

Look at what the dealers are asking, and work from there 👍