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What the heck is going on with bullion prices!?!​ 😱​


GBcoins

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So a short while ago I was purchasing 1oz silver coins from Atkinson's Bullion for £23 each and today I've looked and they're upwards of £31 EACH !!! 😱

And that's not all...

It seems EVERYTHING is SOLD OUT !!! 😑

Who else has noticed this?

Please can someone with some experience offer this newbie silver stacker some guidance on what I can do and where I can find the best prices 🙏 

Comment below !!!

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Take a look on the listings here as a start.  There are plenty of folks here flogging silver bullion and tubes of coins (or individuals) come up on a semi-regular basis.  If you do want to try your hand trading here, get at least a silver membership as non members get a 3 day delay before they can see listings on the buy-sell boards.  There are also a few facebook groups and suchlike as well.

 

 

The Sovereign is the quintessentially British coin.  It has a German queen on the front, an Italian waiter on the back, and half of them were made in Australia.

 

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Basically,you need a membership to enable you to see the "for sales" on here as soon as they go up,as you will not be able to beat the majority of asking prices. If anything is still available for sale by the time non-premium members get to see it,then it has been over priced to start with. 😁

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I've sold over 3000oz of silver through feebay being greedy taking profits, in past six months now. No shortage or buyers and constant sales every day

I'm moving into 100% gold. Sick of waiting to go to the moon since 2007 :(

if I take a position in silver again, I'll do it through bullionvault 

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51 minutes ago, MonkeysUncle said:

 

Patience!

Some of us have been waiting since mid 2000s ! Nothing ever changes it goes up n down up  n down. It still ticks every box to do well. Quote anything that is cheaper today than its 1980 high ?? 

Hope it goes to the moon  🌙🌙🌙🌙 but I'll do it through bullionvault instead where I can sneek some profits along the way 

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It is always lauded as the 1980 bunker hunt high in silver but look at the so so so small window it reached and stayed there. It certainly wasn't for very long.  So kind of disgreard that silver peaked and manipulated adjuster price, it  looks like . . . . . . . Well, mah, no that great to be fair :(

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3 hours ago, GBcoins said:

So a short while ago I was purchasing 1oz silver coins from Atkinson's Bullion for £23 each and today I've looked and they're upwards of £31 EACH !!! 😱

And that's not all...

It seems EVERYTHING is SOLD OUT !!! 😑

Who else has noticed this?

Please can someone with some experience offer this newbie silver stacker some guidance on what I can do and where I can find the best prices 🙏 

Comment below !!!

It seems like you only got as far as AB.

What comes next? "C" of course. Where you should have gone in the first place:

Price Comparison Against Other UK Bullion Dealers - Updated at 25-Oct-2022 07:52

Qty Chards (Excl Delivery) Chards (Inc Delivery) B* G* A BB GER
1 £25.78 £29.28 £32.52 £33.48 £31.37 £32.50 £32.40
5 £25.72 £26.92 £32.28 £33.00 £30.82 £31.79 £31.56
10 £25.66 £26.26 £31.92 £32.88 £30.66 £31.34 £30.24
25 £25.60 £25.84 £31.68 £32.52 £29.77 £30.91 £29.40
50 £25.54 £25.76 £31.44 £32.40 £29.54 £30.48 £29.40
100 £25.48 £25.76 £31.08 £32.28 £29.41 £30.10 £29.04
250 £25.42 £25.54 £30.84 £32.28 £28.87 £29.86 £28.92
500 £25.36 £25.46 £30.72 £32.16 £28.75 £29.50 £28.68
1000 £25.30 £25.40 £30.72 £32.16 £28.75 £29.20 £28.68

As for stuff being sold out, I have given detailed explanations about once a week.

Basically, milions of people internationally are buying coins and bars quicker than Mints and Refiners can churn them out.

It's all your fault!

Resist paying greedy, hiked up prices.

And actually it makes more sense to invest in physical gold than physical silver because of lower premiums and no VAT.

See:

https://www.chards.co.uk/blog/advice-guide-for-uk-bullion-investors/1041

😎

Chards

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38 minutes ago, MonkeysUncle said:

I think if you want to go to the moon you need to have words with Mr Musk. And rob a Swiss bank!

A pile of silver isn't going to cut the mustard. Now silver cutlery is another matter! 😉

 

Silver cutlery?

sterlingsilveroneandtwopiececutleryin4monsterboxeswithvarioushallmarksandregimentalmarksgroupshot.thumb.jpg.1fc10bcd896c2752be7c5719f33155d8.jpg

Next request please!

😎

Chards

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I see Atkinson's are paying over spot for silver coins. Is that normal?

I've never sold to a dealer before.

https://atkinsonsbullion.com/sell-to-us/silver-coins

Chard's too!

Edited by Roy

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live, and It's  Britannia, with one t and two n's.

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40 minutes ago, Roy said:

I see Atkinson's are paying over spot for silver coins. Is that normal?

I've never sold to a dealer before.

https://atkinsonsbullion.com/sell-to-us/silver-coins

Chard's too!

Wouldn't say its "normal " but demand has been outstripping supply for weeks/months. 

Atkinsons started with 1% and now offering 2% , but as spot has dropped 😕 

Edited by James32

I like to buy the pre-dip dip

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1 hour ago, James32 said:

Wouldn't say its "normal " but demand has been outstripping supply for weeks/months. 

Atkinsons started with 1% and now offering 2% , but as spot has dropped 😕 

Atkinsons are now offering 10% over spot on ‘selected’ silver coins. I.e. Britannia etc.🤔

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4 minutes ago, Petra said:

Atkinsons are now offering 10% over spot on ‘selected’ silver coins. I.e. Britannia etc.🤔

Are you serious? Still not enough obviously, but wow the tides are changing 👌 

I like to buy the pre-dip dip

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1 hour ago, James32 said:

Wouldn't say its "normal " but demand has been outstripping supply for weeks/months. 

Atkinsons started with 1% and now offering 2% , but as spot has dropped 😕 

 

43 minutes ago, Petra said:

Atkinsons are now offering 10% over spot on ‘selected’ silver coins. I.e. Britannia etc.🤔

And we complain in Germany when we only get 20% on Britannias, Maples, etc.

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@LawrenceChard as you were in Lisbon is there any truth  in this article about silver? Especially about 28.30 target bullishness?

Did you hear any talk of this?

https://www.zerohedge.com/commodities/physical-silver-demand-soars-bullion-dealers-offering-huge-buy-back-premiums 

Central bankers are politicians disguised as economists or bankers. They’re either incompetent or liars. So, either way, you’re never going to get a valid answer.” - Peter Schiff

Sound money is not a guarantee of a free society, but a free society is impossible without sound money. We are currently a society enslaved by debt.
 
If you are a new member and want to know why we stack PMs look at this link https://www.thesilverforum.com/topic/56131-videos-of-significance/#comment-381454
 
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Disconnect between COMEX spot price and physical in both Gold and Silver. In the Soviet Union prices were controlled by experts who knew better than the market. Whenever prices are controlled or fixed shortages result. Bullion behaving like soviet sausages, good price but try buying.

"It might make sense just to get some in case it catches on"  - Satoshi Nakamoto 2009

"Its going to Zero" - Peter Schiff 2013

"$1,000,000,000 by 2050"  - Fidelity 2024

 

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1 hour ago, HerefordBullyun said:

@LawrenceChard as you were in Lisbon is there any truth  in this article about silver? Especially about 28.30 target bullishness?

Did you hear any talk of this?

https://www.zerohedge.com/commodities/physical-silver-demand-soars-bullion-dealers-offering-huge-buy-back-premiums 

I wondered what 28.30 was supposed to mean. It could hardly be a time, but I clicked the link - $28.30!

I have never heard of Nicky Shiels, and her name is not one of the 666 on the official participants list, but then she might say exactly the same about me.

We did have a paid official delegate there, my colleague Ian. My wife Jane and I went along as a support act, but we have a few interesting meetings in the lounge / bar area of the conference venue hotel, our main one was with the RM UK bullion manager and Precious Metals Director. 

I guess that Nicky Shiels did similar to us, cheapskate!

Most of these ZeroHedge reports seem to feature dealers who are keen to hype silver. I have all but given up reading them. While I think silver is cheap, based on the Gold:Silver ratio, I try to avoid hype.

Seeing "Earlier Wednesday we noted a report from Ronan Manly of BullionStar.com, who revealed that more than 50% of deliverable silver on COMEX is suddenly 'not available.'" looks interesting, but there is no supporting evidence from Ronan Manly or Tyler Durden to support this statement. It seems to be aimed at further brainwashing the lunatic conspiracy who love to believe anything which sounds even vaguely conspiratorial.

She says "Polling takeaways from delegates:" I didn't know any of them got takeaways, and I don't know why they would. The "freebie" food in the hotel was all very good. I know because I felt duty bound to test it so as to be able to report on it here and elsewhere. I guess the wine was also good although as we were working, I didn't test it. The coffee was abysmal, and you had to order and pay for proper espresso. A capuccino was $8!

The "free food" was of course like "free postage", we paid £2000 or was it €2000 plus VAT for ours. LBMA members get it for only £/$1300.

The headline "As Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums" is rather shouty. Most bullion dealers, investors, and stackers, including TSF members know that demand for coins and small bars has been running high now for about 3 years. I seem to remember writing sommething about it only a few days ago. Nicky Shiels would have known if she had bothered to read it, but it may have spoilt a good story.

Of course, I could have answered your question in one word:

"No"!

😎

 

23 minutes ago, ArgentSmith said:

Disconnect between COMEX spot price and physical in both Gold and Silver. In the Soviet Union prices were controlled by experts who knew better than the market. Whenever prices are controlled or fixed shortages result. Bullion behaving like soviet sausages, good price but try buying.

"soviet sausages"

How do they taste?

😎

Chards

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On 25/10/2022 at 21:32, Paul said:

I've sold over 3000oz of silver through feebay being greedy taking profits, in past six months now. No shortage or buyers and constant sales every day

I'm moving into 100% gold. Sick of waiting to go to the moon since 2007 :(

if I take a position in silver again, I'll do it through bullionvault 

Hi Paul. I know you are a very experienced eBay seller however I am interested to know if you have had any issues with buyers claiming goods not received etc with selling that amount? Also have you been selling individual coins?

I am possibly going to be parting with a few oz shortly to fund a car purchase however I think I will stick with the forum. 

“Nowadays people know the price of everything and the value of nothing.” Oscillate Wildly

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