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Slivers Anyone?


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Slivers Anyone?

In yesterday's (18th November 2022) print edition of the Daily Telegraph, page 26, there was a"news" article:

"Mint to export coins for collectors in cashless future"

It also appeared under a different headline in the online version:

Royal Mint prepares for life after cash with plan to sell collectable coins abroad
Mint switches focus to previous metals as Britain becomes an increasingly cashless society

By Simon Foy 17 November 2022 • 11:42am

The Royal Mint is planning for life after cash after it hired two executives with experience in luxury products to sell collectable coins abroad.

Britain’s oldest company, which is the official manufacturer of UK coins, has appointed luxury retail executives Matthew Woolsey and Lisa Montague to its board as Britain increasingly becomes a cashless society.

The wholly state-owned company has supplied the country’s coins since the reign of King Alfred the Great during the ninth century, but has expanded into sales of precious metals, historic coins, jewellery and luxury collectibles in recent times.

It comes after the Royal Mint posted record pre-tax profits of £18m last year after it was boosted by investors seeking shelter from riskier assets by snapping up gold and increased sales of commemorative coins.

The company, which is based in south Wales, sells gold coins and stamped bars, as well as “slivers” of the metal that can be purchased by smaller investors and stored in its vault.

Anne Jessopp, chief executive of the Royal Mint, said: “We have ambitious international growth plans as the home of precious metals, building on the success we’ve secured in the last year and we feel their expertise will help us further accelerate our overseas growth.  

“Our vision is to be a leader in sustainable precious metals, and we have a number of initiatives already in motion as we strive towards this ambition, but having the expertise of both Matthew and Lisa supporting us will be invaluable and I look forward to working closely with them moving forwards.”

Mr Woolsey is currently managing director of Hydrow, a rowing machine maker having previously served as managing director at fashion giant Net-a-Porter.

Ms Montague is chief executive of Sanderson Design Group, having previously worked for both Mulberry and Loewe

In recent weeks, the Royal Mint’s focus has turned to creating coins bearing King Charles III’s image.

It comes as the UK increasingly shifts to becoming a cashless society, forcing the Royal Mint to find growth opportunities elsewhere.

Earlier this year former chancellor Rishi Sunak instructed the Royal Mint to create a “non-fungible token” (NFT) in a step the Government said was “an emblem of the forward-looking approach the UK is determined to take”.

 

This raises a few question in my mind:

1) WTF are "slivers"?

2) What is the "metal that can be purchased by smaller investors and stored in its vault"

3) When does my subsciption to the Telegraph end?

4) Why didn't I cancel it earlier?

😎

Chards

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26 minutes ago, LawrenceChard said:

Slivers Anyone?

In yesterday's (18th November 2022) print edition of the Daily Telegraph, page 26, there was a"news" article:

"Mint to export coins for collectors in cashless future"

It also appeared under a different headline in the online version:

Royal Mint prepares for life after cash with plan to sell collectable coins abroad
Mint switches focus to previous metals as Britain becomes an increasingly cashless society

By Simon Foy 17 November 2022 • 11:42am

The Royal Mint is planning for life after cash after it hired two executives with experience in luxury products to sell collectable coins abroad.

Britain’s oldest company, which is the official manufacturer of UK coins, has appointed luxury retail executives Matthew Woolsey and Lisa Montague to its board as Britain increasingly becomes a cashless society.

The wholly state-owned company has supplied the country’s coins since the reign of King Alfred the Great during the ninth century, but has expanded into sales of precious metals, historic coins, jewellery and luxury collectibles in recent times.

It comes after the Royal Mint posted record pre-tax profits of £18m last year after it was boosted by investors seeking shelter from riskier assets by snapping up gold and increased sales of commemorative coins.

The company, which is based in south Wales, sells gold coins and stamped bars, as well as “slivers” of the metal that can be purchased by smaller investors and stored in its vault.

Anne Jessopp, chief executive of the Royal Mint, said: “We have ambitious international growth plans as the home of precious metals, building on the success we’ve secured in the last year and we feel their expertise will help us further accelerate our overseas growth.  

“Our vision is to be a leader in sustainable precious metals, and we have a number of initiatives already in motion as we strive towards this ambition, but having the expertise of both Matthew and Lisa supporting us will be invaluable and I look forward to working closely with them moving forwards.”

Mr Woolsey is currently managing director of Hydrow, a rowing machine maker having previously served as managing director at fashion giant Net-a-Porter.

Ms Montague is chief executive of Sanderson Design Group, having previously worked for both Mulberry and Loewe

In recent weeks, the Royal Mint’s focus has turned to creating coins bearing King Charles III’s image.

It comes as the UK increasingly shifts to becoming a cashless society, forcing the Royal Mint to find growth opportunities elsewhere.

Earlier this year former chancellor Rishi Sunak instructed the Royal Mint to create a “non-fungible token” (NFT) in a step the Government said was “an emblem of the forward-looking approach the UK is determined to take”.

 

This raises a few question in my mind:

1) WTF are "slivers"?

2) What is the "metal that can be purchased by smaller investors and stored in its vault"

3) When does my subsciption to the Telegraph end?

4) Why didn't I cancel it earlier?

😎

Telegraph obviously run by a lot of ‘hopeful’ people. There is no one on this forum will be alive to see a cashless society. Wishful thinking for any who think otherwise. All this does is give people something to chatter about. 

 

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Inquiring minds also would like to know what are these "previous metals"? 🤔

 

Screen Shot 2022-11-19 at 6.15.29 PM.png

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. - H.L. Mencken

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You can't make it up 😆

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.

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Oh, I actually do know what the 'slivers' are.

If you buy digi-gold, they describe it as buying allocated 'slivers' off a great big bar they store in their vault, so you can never ask to have the amount of digi gold you own as physical gold, although in theory that is what you own.
You can only sell it back to them if you want to get your money out & then you can transfer the money out of your investment account back to your bank account (or use it to buy their physical bullion products & have them posted to your house).

So, they mean your digi gold (or silver, or platinum)

You can buy it in amounts starting from £25 at a time (don't know what the upper limit is but it's more than I have. You probably have to phone them & have an account manager if you are loaded), so even people who can only dream of buying gold an actual oz at a time can work up to one £25 at a time.

You pay 0.33% buying fee, 0.5% + VAT p.a. storage fee (billed quarterly at the end of each quarter) & 1% sales fee.
It is also liable for CGT.
 

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12 hours ago, jultorsk said:

Inquiring minds also would like to know what are these "previous metals"? 🤔

 

Screen Shot 2022-11-19 at 6.15.29 PM.png

Good spotting!

When I get round to writing my first book, do you want a job as a proof reader?

Perhaps they are metals we used to use.

😎

Chards

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11 hours ago, TeaTime said:

he he.... I often search for 'sliver' on Ebay. Another good search is 'glod'

Once in a while it pays off. 

A quick Google search for 

glod cions

Returns about 132,000 results, the first page of which are mainly for our competitors.

Is that evidence that they target the illiterate and poorly educated, whereas we attract for well informed customers?

There was also one for AliBaba:

"Ins Vintage Boho Glod plated Anklets For Women Aesthetic Round Cion Pendent Anklet Handmade Chain Foot Party Jewelry Gift"

I can't work out what "Ins" is supposed to mean.

What sort of clod would search for glod?

and...

Which silly ****s would search for cions?

😎

Chards

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5 hours ago, Essendie said:


Oh, I actually do know what the 'slivers' are.

If you buy digi-gold, they describe it as buying allocated 'slivers' off a great big bar they store in their vault, so you can never ask to have the amount of digi gold you own as physical gold, although in theory that is what you own.
You can only sell it back to them if you want to get your money out & then you can transfer the money out of your investment account back to your bank account (or use it to buy their physical bullion products & have them posted to your house).

So, they mean your digi gold (or silver, or platinum)

You can buy it in amounts starting from £25 at a time (don't know what the upper limit is but it's more than I have. You probably have to phone them & have an account manager if you are loaded), so even people who can only dream of buying gold an actual oz at a time can work up to one £25 at a time.

You pay 0.33% buying fee, 0.5% + VAT p.a. storage fee (billed quarterly at the end of each quarter) & 1% sales fee.
It is also liable for CGT.
 

Thanks for that.

I did manage to make a correct guess, and I had wondered whether the Royal Mint had used "slivers" in their Press Release, perhaps without explaining it, or whether some lazy incompetent journalist had simply parroted it without attempting to understand it,  perhaps thought it was so obvious that he omitted it, or more likely too long and difficult for his readers. Whatever the reason, it is atrocious journalism to use jargon without explaining it.

It's bad enough when TSF members use jargon and semi-obscure acronyms. It is excusable considering the general context of the Forum, but not in a national newspaper, even in its "Business" section.

I did spend some time and effort wondering if he / they meant "small ingots".

😎

Chards

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1 hour ago, LawrenceChard said:

A quick Google search for 

glod cions

Returns about 132,000 results, the first page of which are mainly for our competitors.

Is that evidence that they target the illiterate and poorly educated, whereas we attract for well informed customers?

There was also one for AliBaba:

"Ins Vintage Boho Glod plated Anklets For Women Aesthetic Round Cion Pendent Anklet Handmade Chain Foot Party Jewelry Gift"

I can't work out what "Ins" is supposed to mean.

What sort of clod would search for glod?

and...

Which silly ****s would search for cions?

😎

I know a few people who despite barely being able to read and write have ended up making a lot of money in business. So, as they want to try something different. Maybe they’re not so good when it comes to searching the internet? 🤔😁 Also, may. Be people with fat fingers on the keyboard?😮

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37 minutes ago, Petra said:

I know a few people who despite barely being able to read and write have ended up making a lot of money in business. So, as they want to try something different. Maybe they’re not so good when it comes to searching the internet? 🤔😁 Also, may. Be people with fat fingers on the keyboard?😮

may. Be!

😎

Chards

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16 hours ago, jultorsk said:

Inquiring minds also would like to know what are these "previous metals"? 🤔

 

Screen Shot 2022-11-19 at 6.15.29 PM.png

I tried a Google search for 

previous metals

Which showed "About 539,000,000 results"

770108428_PreviousMetalsGoogleSearch.thumb.jpg.104789ae14e6c98af9514777c109d57b.jpg

Rather worryingly, it seems that Bullion by Post have reverted to claiming to be " UK's No.1 Bullion Dealer ·", despite an adverse ASA ruling years ago:

https://www.asa.org.uk/rulings/jewellery-quarter-bullion-ltd-a13-231419.html

I tried the same search, but with "previous metals" in inverted commas:

585486908_PreviousMetalsGoogleSearchcommas.thumb.jpg.42027054ede2de785d8e5b810aca42e8.jpg

This time there were only "About 61,100 results", which I thought was more surprising than the previous result.

The casual reader might query that the first result correctly says "A guide to precious metals...", but a look at the "Page Source" shows "<title>A guide to previous metals for bespoke jewellery creation..."

The rest of the first page results are shockingly from some precious metals professionals are self-styled experts, so I think they are worth reproducing:


previous metals Archives - The Full FXhttps://thefullfx.com › tag › previous-metals
previous metals. FMSB Publishes Final LBMA Auction Standard. March 1, 2022. The FICC Markets Standards Board (FMSB) has published the final Standard for the ...


Rick Rule - Massive Gold, Silver, and Previous Metals Bull ...https://www.youtube.com › watch

19:41
Rick Rule - Massive Gold, Silver, and Previous Metals Bull Market Incoming. Watch later. Share. Copy link. Info. Shopping. Tap to unmute.
YouTube · ABC Bullion · 13 Sept 2021


Read & Lucas, refiners and smelters of previous metalshttps://discovery.nationalarchives.gov.uk › details
Browse by Records Creators. Read & Lucas, refiners and smelters of previous metals. This page summarises records created by this Business.


Trade Previous Metals - VT Marketshttps://www.vtmarkets.com › Trading › Markets to Trade
Trade Previous Metals | VT Markets ...

 

Previous Metals Summit - Page 1 | MiningJournalhttps://www.mining-journal.com › tag › previous-metal...
The latest Previous Metals Summit articles from MiningJournal - Page 1.


LBMA launches new global previous metals codehttps://www.regulationtomorrow.com › 201705lbma-la...
26 May 2017 — LBMA launches new global previous metals code · ethics; · governance, compliance and risk management; · information sharing; and · business conduct.

 

previous metals - The Century Foundationhttps://tcf.org › content › tag › previous-metals
previous metals. Stay informed by signing up for our mailing list. Sign Up. Century International · PK-12 Education · Higher Education · Health Care ...

 

AmMetLife Previous Metals Fundhttps://www.ammetlife.com › investment-linked-funds
AmMetLife Previous Metals Fund. Get the latest updates on fund pricing. Fund Overview. Select a fund. AmMetLife Equity Fund, AmMetLife Bond Fund ...

 

Working with precious metalshttps://hwchamber.co.uk › working-with-precious-metals
10 Dec 2019 — Recently, the British Hallmarking Council (BHC) found that a third of gold jewellery sold online could be fake, so working with previous metals ...

"You couldn't make it up!

Well, actually you could, but there is no need to as once again truth has turned out stranger than fiction!

😎

Chards

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