Gold Monitoring Thread £ GBP only

[MickB]

1 hour ago, Charliemouse said:

Someone on FB bought this yesterday, within minutes of it listing.

Anyone here got 61 grand sitting around doing nothing?

Someone's got money.

Nah I'm skint after buying this.

[Go65]

5 hours ago, modofantasma said:

 

Perhaps covering themselves if gold dips back as quick as it rose up? Protecting the margins... Maybe as simple as supply and demand? I'd guess that if they've plenty of stock they don't need to be as competitive with their bid

If you needed to buy stock in more aggressively to meet demand, like times when they were paying over spot for some items, they'd increase their bid? 

If price stabilised for a period of time I think margins could settle down but keen to hear other ideas

Definitely. The difference between pre 2013 Brits is the interesting bit. I understand Krugs not being CGT exempt. But just being 22ct the pre 2013s Brits discount is odd to me. 

Is this difference reflected on TSF?

 

Edited April 27 by Go65

[SidS]

James32 has a shed built out of these.

I had one but mine said "Made in China" stamped on the base. 😁

Edited April 27 by SidS

[Thelonerangershorse]

2 hours ago, SidS said:

James32 has a shed built out of these.

I had one but mine said "Made in China" stamped on the base. 😁

The big advantage of the chinese ones is they're easier to transport 'cause they're much lighter than others.

[Gruff]

3 minutes ago, Thelonerangershorse said:

The big advantage of the chinese ones is they're easier to transport 'cause they're much lighter than others.

Yep, I had one, then when it fell on the floor it shattered into a million pieces  

[AuricGoldfinger]

4 hours ago, Charliemouse said:

Someone on FB bought this yesterday, within minutes of it listing.

Anyone here got 61 grand sitting around doing nothing?

Someone's got money.

Who the hell is buying gold bars on FB. Probably filled with tungsten.

There is no way I would advertise something like that or buy something like that on FB.

[Aldebaran]

5 hours ago, Charliemouse said:

Someone on FB bought this yesterday, within minutes of it listing.

Anyone here got 61 grand sitting around doing nothing?

Someone's got money.

Probably the Audi/BMW drivers 🖖

[Charliemouse]

1 hour ago, AuricGoldfinger said:

Who the hell is buying gold bars on FB. Probably filled with tungsten.

There is no way I would advertise something like that or buy something like that on FB.

From the comments, I think they are very well known buyer and seller in that group.  I expect it to be legit, even if it is pretty shocking.

[Gruff]

2 minutes ago, Aldebaran said:

Probably the Audi/BMW drivers 🖖

Nope, it's the oldies in the Merc's or Bentley's  

[Chronos]

If 10-Year Yields Surpass 5%, Say Hello To QE (And Massive Inflation):

https://schiffgold.com/commentaries/if-10-year-yields-surpass-5-say-hello-to-qe-and-massive-inflation/

[theman73]

26 minutes ago, Charliemouse said:

I expect it to be legit money laundering scheme

Fixed for ya

[Brit2023]

6 hours ago, Charliemouse said:

Someone on FB bought this yesterday, within minutes of it listing.

Anyone here got 61 grand sitting around doing nothing?

Someone's got money.

Damn missed it.

[Gruff]

5 minutes ago, Brit2023 said:

Damn missed it.

Easily done when you're piloting your Cessna Citation X 

[Chronos]

USA: Interest on the national debt expected to hit almost $900 Billion this year ...:

https://www.pgpf.org/budget-basics/what-are-interest-costs-on-the-national-debt

... $12 trillion in interest in next ten years:

https://www.pgpf.org/blog/2024/02/what-is-the-national-debt-costing-us

Edited April 27 by Chronos

[9x883]

9 hours ago, Charliemouse said:

Someone on FB bought this yesterday, within minutes of it listing.

Anyone here got 61 grand sitting around doing nothing?

Someone's got money.

Who has heat resistant thumbs with prints that big😨? Oh I know:

 

 

[bobski]

6 hours ago, Charliemouse said:

From the comments, I think they are very well known buyer and seller in that group.  I expect it to be legit, even if it is pretty shocking.

He's got several different brick and mortar shops from what I've seen

Edited April 28 by bobski
SPAZZHANDS

[Bratnia]

16 hours ago, Charliemouse said:

Someone on FB bought this yesterday, within minutes of it listing.

Anyone here got 61 grand sitting around doing nothing?

Someone's got money money laundering

 

[Bratnia]

15 hours ago, SidS said:

James32 has a shed built out of these.

I had one but mine said "Made in China" stamped on the base. 😁

Buy British. and its nice to add your own personal painting/spray touch.

[ArgentSmith]

15 hours ago, Go65 said:

Definitely. The difference between pre 2013 Brits is the interesting bit. I understand Krugs not being CGT exempt. But just being 22ct the pre 2013s Brits discount is odd to me. 

Is this difference reflected on TSF?

 

9999 fine gold doesn't incur refining costs if ending up with LBMA

[Paul]

11 hours ago, Chronos said:

USA: Interest on the national debt expected to hit almost $900 Billion this year ...:

https://www.pgpf.org/budget-basics/what-are-interest-costs-on-the-national-debt

... $12 trillion in interest in next ten years:

https://www.pgpf.org/blog/2024/02/what-is-the-national-debt-costing-us

[Chronos]

8 minutes ago, Paul said:

It doesn't help:

 

[Go65]

4 hours ago, ArgentSmith said:

9999 fine gold doesn't incur refining costs if ending up with LBMA

Im pretty sure forum members holding older Brits wouldn’t be too happy getting £18.50 less for pre 2013? I was really just highlighting Atkinsons strange pricing. Obviously they can do what they want. It’s their business. 
Just an observation really. 
Cheers 👍

[ArgentSmith]

19 minutes ago, Go65 said:

Im pretty sure forum members holding older Brits wouldn’t be too happy getting £18.50 less for pre 2013? I was really just highlighting Atkinsons strange pricing. Obviously they can do what they want. It’s their business. 
Just an observation really. 
Cheers 👍

Potentially the same applies to Sovs if they are destined for the pot. It’s just reality of life. Same dynamics apply with 0.5 and .925 silver vs 9999

[Bratnia]

4 hours ago, ArgentSmith said:

9999 fine gold doesn't incur refining costs if ending up with LBMA

Still the same amount of gold in pre/post 2013, pre 2013 coins being heavier, and getting from 91.7% to 99.99% = much nasty chemicals and obnoxious vapours, whereas 2013 onward is just melt-reform between (LBMA) bars - coins - bars.

[9x883]

First bank collapsed this weekend. Gold up tonight?