BBP Prices on Gold

[Sharron]

Quick question...

Is it me or as the spot price of Gold decreases...BBP prices seem to increase? Anyone else noticed this?

 

[SidS]

BBP?

 

[Shep]

10 minutes ago, SidS said:

BBP?

 

Bullion By Post.

19 minutes ago, Sharron said:

Quick question...

Is it me or as the spot price of Gold decreases...BBP prices seem to increase? Anyone else noticed this?

 

I don’t think they increase prices as such.

Their prices do not appear to fall as quickly as they rise during large swings in the spot price. This means the relative premiums they are charging above spot seem to increase on large dips in the spot price.

[SidS]

I was thinking Bargain Basement Prices.

I've never been good with acronyms.

Edited September 15, 2022 by SidS

[Gordy]

43 minutes ago, SidS said:

I was thinking Bargain Basement Prices.

I've never been good with acronyms.

Bullion By Post

[HerefordBullyun]

1 hour ago, Sharron said:

Quick question...

Is it me or as the spot price of Gold decreases...BBP prices seem to increase? Anyone else noticed this?

 

Theres a good reason why Mr Halliday Smith is a multi millionaire, hes nearly as rich as @LawrenceChard, not quite but nearly! 

[Pete]

Sometimes no logic to pricing but they do tend to follow spot trends changing every few seconds.
Also worth checking prices with their sister Company - Gold.co.uk
Often a relatively significant price differential with absolutely no idea why.
Could be cheaper, not available, or more expensive so always check.
Next week it will be totally different so obviously their sales/marketing manager has experience working in Costco.

[Defeatless]

If the late queen is on the coins, they will be significant more expensive.

Basic story of supply and demand.

[Orpster]

10 hours ago, Pete said:

Also worth checking prices with their sister Company - Gold.co.uk

I was looking on this site yesterday and noticed they had 2022 sovereigns for less than any dealer on the TSF compare page https://www.gold.co.uk/gold-coins/full-gold-sovereigns/gold-sovereign-2022/

And considerably cheaper than BBP

Edited September 16, 2022 by Orpster

[Darr3nG]

27 minutes ago, Orpster said:

they had 2022 sovereigns for less than any dealer on the TSF compare page

Yeah, their webhosting service actively blocks my script and I haven't had time to code a workaround (yet)... Cheers for the head's-up

[LawrenceChard]

13 hours ago, Sharron said:

Quick question...

Is it me or as the spot price of Gold decreases...BBP prices seem to increase? Anyone else noticed this?

 

 

13 hours ago, SidS said:

BBP?

 

 

13 hours ago, Shep said:

Bullion By Post.

I don’t think they increase prices as such.

Their prices do not appear to fall as quickly as they rise during large swings in the spot price. This means the relative premiums they are charging above spot seem to increase on large dips in the spot price.

 

13 hours ago, SidS said:

I was thinking Bargain Basement Prices.

I've never been good with acronyms.

I tend to refer to them as BbP rather than BBP.

They are a relatively new bullion dealer based in Birmingham, who now also sell some numismatic coins.

Theri marketing is highly professional. You will find for most of the time, they appear in the top 3 (Adverts) results for most relevant gold, coin, and bullion searches, along with their sister website gold.co.uk, and the Royal Mint. this entails buying the search words from Google in an auction-type pricing structure.

With most searches on Google, it can be better to start looking below the "Ads", where you will often find better value.

I am often guilty of using T.M.A. (Too Many Acronyms)/

😎

[Orpster]

6 minutes ago, LawrenceChard said:

 

 

 

I tend to refer to them as BbP rather than BBP.

They are a relatively new bullion dealer based in Birmingham, who now also sell some numismatic coins.

Theri marketing is highly professional. You will find for most of the time, they appear in the top 3 (Adverts) results for most relevant gold, coin, and bullion searches, along with their sister website gold.co.uk, and the Royal Mint. this entails buying the search words from Google in an auction-type pricing structure.

With most searches on Google, it can be better to start looking below the "Ads", where you will often find better value.

I am often guilty of using T.M.A. (Too Many Acronyms)/

😎

Or better yet - do not use google, I recommend DuckDuckGo

Although having just typed 2022 sovereigns into the duckduckgo search bar BbP are still top with Hattons second and the mighty Chards in Fourth - Chards are 8th in Google.

[Bars]

14 hours ago, SidS said:

BBP?

 

Big Busty Proofs

[Bars]

Tbf to BBP and Gold.co.uk they have some proper pants down deals sometimes amidst their excessive premiums. I remember their 1/4oz Queens Beast gold (hound and horse of Hannover?) were cheaper than other dealers regular 1/4oz gold at one point!

[LawrenceChard]

25 minutes ago, Orpster said:

Or better yet - do not use google, I recommend DuckDuckGo

Although having just typed 2022 sovereigns into the duckduckgo search bar BbP are still top with Hattons second and the mighty Chards in Fourth - Chards are 8th in Google.

I also use DDG (DuckDuckGo for @SidS) sometimes.

Unfortunately, it is not as good as Google much of the time.

In its first few years Google was extremely good. Before that, the best search engine was AltaVista, untill Disney bought it, commercialised it, trashed it, and closed it down, all in quick succession.

IMO, Google is now quite bad, and frustrating when searching for information, when it becomes necessary to scan through several top pages of results which are mainly sales pages, full of misinformation.

Part of our education should be how to use search engines, and how to detect fake news, bullshit, and misleading adverts. It may never happen because of the weight of lobby groups which would work against it.

Am I starting to sound like a "Conspiracy Theorist"?

Between 1998 and 2008, our websites used to appear multiple times in the top ten on most search engines, and most of that was based on relevant, meaningful content.

SEO (sorry SidS) is now sometimes more improtant than quality content when it comes to top search engine positions.

Google have added other "important" factors into their algorithms, including how fast a site or page loads, which favours bigger companies with bigger IT and advertising budgets, and tends to sideline companies thish are possibly better but smaller and better value.

In a lot of ways, that is where a site such as TSF come into their own.

Thanks @ChrisSilver!

😎

[HerefordBullyun]

58 minutes ago, LawrenceChard said:

 

 

.

I am often guilty of using T.M.A. (Too Many Acronyms)/

😎

W.A.Y.I .G.A.U.B.N.B.G.S.I.G.D?

Edited September 16, 2022 by HerefordBullyun

[LawrenceChard]

14 hours ago, Sharron said:

Quick question...

Is it me or as the spot price of Gold decreases...BBP prices seem to increase? Anyone else noticed this?

 

 

14 hours ago, Shep said:

Bullion By Post.

I don’t think they increase prices as such.

Their prices do not appear to fall as quickly as they rise during large swings in the spot price. This means the relative premiums they are charging above spot seem to increase on large dips in the spot price.

 

13 hours ago, HerefordBullyun said:

Theres a good reason why Mr Halliday Smith is a multi millionaire, hes nearly as rich as @LawrenceChard, not quite but nearly! 

I feel sure that @Sharron means their premiums increase.

I had not noticed it, and thank you for pointing it out. I will link this post to our management team, and we can look out for it, as I think @Darr3nG might also do.

It would not surprise me, because I think they, BbP, probably use a lot of very clever algorithms, mainly used to enhance their profits!

😎

1 minute ago, HerefordBullyun said:

W.A.Y.I .G.A.U.B.N.B.G.S.I.G.D?

Exactly!

😎

[HerefordBullyun]

Just now, LawrenceChard said:

 

Exactly!

😎

I was asking a acroynmed question

Where are you in GoogleSearch Algorythms are U Blackpools nine-hundreth best Search in golddealers?

[LawrenceChard]

14 hours ago, SidS said:

I was thinking Bargain Basement Prices.

I've never been good with acronyms.

 

13 hours ago, Gordy said:

Bullion By Post

I have not recently noticed any BBP (Bargain Basement Prices) from BbP (Bullion By Post or BullionByPost).

When they first launched, they did seem to have some very competitive prices, but appears to have stopped once they gained enough market share and dominance.

This strategy is well known, and is called sometimes called "Predatory Pricing*", which exists in various "flavours".

* "The practice of selling a product at a price below the cost of producing it to drive competitors out of the market or otherwise punish rivals in a way that reduces competition.", according to Practical Law - Thomson Reuters. "Predatory pricing may violate US antitrust laws when, after reducing competition in the market, the company will likely recoup its lost profits by raising prices above a competitive level."

It is probably worth reading the Wikipedia page https://en.wikipedia.org/wiki/Predatory_pricing

This page contains explanations, and also has a lpng list of links to examples of its use. The one which comes to my mind first is Walmart. From what I know, it used to use this locally whenever it opened a new store, forcing many mom and pop businesses our, leaving Walmart as the only choice in many smaller US towns and cities.

This has just made me realise that Gresham's Law ("bad money drives out good.") could equally well be applied to big business "bad companies drive out good."

I think I will call this "Chards Law"

😎

 

 

 

[LawrenceChard]

14 minutes ago, HerefordBullyun said:

I was asking a acroynmed question

Where are you in GoogleSearch Algorythms are U Blackpools nine-hundreth best Search in golddealers?

So shouldn't that be "W.A.Y.I .G.S.A.U.B.N.B.G.S.I.G.D?

😎

[LawrenceChard]

15 minutes ago, HerefordBullyun said:

I was asking a acroynmed question

Where are you in GoogleSearch Algorythms are U Blackpools nine-hundreth best Search in golddealers?

I.W.W.W.T.F.I.S.F!

😎

[HerefordBullyun]

Just now, LawrenceChard said:

So shouldn't that be "W.A.Y.I .G.S.A.U.B.N.B.G.S.I.G.D?

😎

 

[LawrenceChard]

3 hours ago, Orpster said:

I was looking on this site yesterday and noticed they had 2022 sovereigns for less than any dealer on the TSF compare page https://www.gold.co.uk/gold-coins/full-gold-sovereigns/gold-sovereign-2022/

And considerably cheaper than BBP

I just looked, and found:

It does not surprise me to see that @ChardsCoinandBullionDealer were the cheapest, and had the lowest premiums.

I "selected" the relevant section to ensure are the results were easily readable, otherwise you would see this:

At normal viewing size 

• Chards

  £361.04

  (+5.20%)

or

Chards    £361.04    (+5.20%)

is greyed out, and difficult to read.

This is because we are showing as Out Of Stock, although we will happily accept orders at the price, for delivery as soon as we receive new supplies.

Currently there is a delay in Royal Mint deliveries. This is due to the Queen's death, which undoubtedly creates a number of problems for the Royal Mint.

It would have been good if you could have taken a screenshot at the time.

For some reason BbP and Gold do not appear at all on today. Perhaps they have jacked their prices (premiums) up as the OP has commented.

😎

[LawrenceChard]

18 minutes ago, HerefordBullyun said:

 

I must get a video of my own "Light Show" and upload it!

 

[LawrenceChard]

2 hours ago, Darr3nG said:

Yeah, their webhosting service actively blocks my script and I haven't had time to code a workaround (yet)... Cheers for the head's-up

Do you suspect there is any ulterior motive for "their webhosting service actively blocks (your) script"?

If so, what do you think it might be?

😎