Royal Mint Black Friday Weekend

[fehk2001]

4 minutes ago, SiCole said:

He rents his gold so unfortunately not

But he told me he is Saudi Prince 

[FriedrichVonHayek]

Just bought two, the FOMO was too much to bear.

[jultorsk]

1 minute ago, FriedrichVonHayek said:

Just bought two, the FOMO was too much to bear.

You and me both, brother. The FOMO is real. 

[Spanishsilver]

Add two more for me. That’s 8 in total with 4 free 50ps and TopCashback. 
 

[Leonmarsh]

Genuine question 

Say if a 50g bar came up on the forum at spot how many would have jumped to buy it? 

As in the case of say people buying 10 x 5g bars 

I get their more liquid, bit I'm just curious whoever has say 5k in the bank why there has been a mass wave of purchasing 

There been loads of bars listed say a tenner more 20g, 10g, 5g and so on what made people but the trigger as in a must have 

Seems a lot to spend say 2-5k in some cases to save say 50 quid 

The other issue of course if forum knowledge that everyone knows what it was bought for so the psychology is then hard to pay more of that makes sense if one were to sell when they get their credit card bill through 

Just genuinely interested in the psychology of it all as in people who have never considered a bar walloping 6k on them in 20 minutes 

I bet if two 5g bars come up at say 52. Gram they would sit for ages on the forum 

Is it genuinely fomo 

Or are we the stupid ones, i.e the mint have been sitting on gold kilos from years ago and pumped them out at close to all time high and everyone has bit ? Whilst we are think they are stupid and we got a bargain 

 

Edited November 25, 2023 by Leonmarsh

[Fishy321]

I've often thought the same on, most, 1/4 oz silver bullion coins 

[James32]

7 minutes ago, Leonmarsh said:

Genuine question 

Say if a 50g bar came up on the forum at spot how many would have jumped to buy it? 

As in the case of say people buying 10 x 5g bars 

I get their more liquid, bit I'm just curious whoever has say 5k in the bank why there has been a mass wave of purchasing 

There been loads of bars listed say a tenner more 20g, 10g, 5g and so on what made people but the trigger as in a must have 

Seems a lot to spend say 2-5k in some cases to save say 50 quid 

Just genuinely interested in the psychology of it all as in people who have never considered a bar walloping 6k on them in 20 minutes 

I bet if two 5g bars come up at say 52. Gram they would sit for ages on the forum 

Is it genuinely fomo 

Or are we the stupid ones, i.e the mint have been sitting on gold kilos from years ago and pumped them out at close to all time high and everyone has bit ? Whilst we are think they are stupid and we got a bargain 

 

For me it was getting items at spot from such a large and extortionate/money grabbing entity. I'm simple minded like that.

[FriedrichVonHayek]

7 minutes ago, Leonmarsh said:

Genuine question 

Say if a 50g bar came up on the forum at spot how many would have jumped to buy it? 

As in the case of say people buying 10 x 5g bars 

I get their more liquid, bit I'm just curious whoever has say 5k in the bank why there has been a mass wave of purchasing 

There been loads of bars listed say a tenner more 20g, 10g, 5g and so on what made people but the trigger as in a must have 

Seems a lot to spend say 2-5k in some cases to save say 50 quid 

Just genuinely interested in the psychology of it all as in people who have never considered a bar walloping 6k on them in 20 minutes 

I bet if two 5g bars come up at say 52. Gram they would sit for ages on the forum 

Is it genuinely fomo 

Or are we the stupid ones, i.e the mint have been sitting on gold kilos from years ago and pumped them out at close to all time high and everyone has bit ? Whilst we are think they are stupid and we got a bargain 

 

I bought a couple because I have just got a 0% Credit Card on purchases.

I don't think anyone on the Forum accepts Credit Cards.

[Leonmarsh]

2 minutes ago, James32 said:

For me it was getting items at spot from such a large and extortionate/money grabbing entity. I'm simple minded like that.

Fair point , I suppose what I'm getting at is if they were sitting on gold bought from say 2010 to pick a random year

They have won haven't they and grabbed all the money at the all time high so we haven't beat them just fell for the bait 🪤 under the guise of bargain spot, with the bargain spot being nearly all time high 

I have been looking at the black Friday sales for example at H and T pawnbrokers, they have a 20 per cent of watch mega event, thing is the watches have gone up 20 per cent in price, but I bet people will think I have got a bargain with the reduction whilst h and t move on a thousand watches they have sat on and no one who bought one had the intention of buying watch other than they thought I have a. Good deal at 20 per cent 

Smart business 

Edited November 25, 2023 by Leonmarsh

[Spanishsilver]

8 minutes ago, Leonmarsh said:

Genuine question 

Say if a 50g bar came up on the forum at spot how many would have jumped to buy it? 

As in the case of say people buying 10 x 5g bars 

I get their more liquid, bit I'm just curious whoever has say 5k in the bank why there has been a mass wave of purchasing 

There been loads of bars listed say a tenner more 20g, 10g, 5g and so on what made people but the trigger as in a must have 

Seems a lot to spend say 2-5k in some cases to save say 50 quid 

Just genuinely interested in the psychology of it all as in people who have never considered a bar walloping 6k on them in 20 minutes 

I bet if two 5g bars come up at say 52. Gram they would sit for ages on the forum 

Is it genuinely fomo 

Or are we the stupid ones, i.e the mint have been sitting on gold kilos from years ago and pumped them out at close to all time high and everyone has bit ? Whilst we are think they are stupid and we got a bargain 

 

Personally I wouldn’t buy a bar more than 5g in this climate it’s an achievable goal to stack a sovereign or a 5g bar every month. 

[BullionBuyerUK]

54 minutes ago, RiverbankSilver said:

Looks like you don’t need to purchase 2 x 5g bars.. you can buy these two together for a decent discount £52 a gram + post

 

This is exactly what I mentioned I did last night. Plus the FREE platinum 50p of course

[Leonmarsh]

6 minutes ago, BullionBuyerUK said:

This is exactly what I mentioned I did last night. Plus the FREE platinum 50p of course

Again genuine question 

Were you after a 1g Christmas bar? For 63.99 ? as in I have been looking for one for ages 

Or was it the discount which motivated you 

Also if one was advertised today a 1g Christmas bar for say 63.98 would you have bought on the forum 

Edited November 25, 2023 by Leonmarsh

[BullionBuyerUK]

1 hour ago, Leonmarsh said:

Again genuine question 

Were you after a 1g Christmas bar? 

I was actually thinking of buying the 1g Dragon bar from tavex. But just because I don't own a 1g bar and wanted to get one for the sake of it. So not really fused what 1g bar I end up with

Edited November 25, 2023 by BullionBuyerUK

[FriedrichVonHayek]

3 minutes ago, Leonmarsh said:

Fair point , I suppose what I'm getting at is if they were sitting on gold bought from say 2010 to pick a random year

They have won haven't they and grabbed all the money at the all time high so we haven't beat them just fell for the bait 🪤 under the guise of bargain spot, with the barraging spot being nearly all time high 

You could also say that Sterling is at all time lows against Gold.

I'm not expecting Sterling to ever make a recovery against Gold, therefore I don't want to hold much cash apart from cash to pay the bills.

[James32]

7 minutes ago, Leonmarsh said:

Fair point , I suppose what I'm getting at is if they were sitting on gold bought from say 2010 to pick a random year

They have won haven't they and grabbed all the money at the all time high so we haven't beat them just fell for the bait 🪤 under the guise of bargain spot, with the bargain spot being nearly all time high 

I have been looking at the black Friday sales for example at H and T pawnbrokers, they have a 20 per cent of watch mega event, thing is the watches have gone up 20 per cent in price, but I bet people will think I have got a bargain with the reduction whilst h and t move on a thousand watches they have sat on and no one who bought one had the intention of buying watch other than they thought I have a. Good deal at 20 per cent 

Smart business 

Yeah unfortunately the house always wins. 

[fehk2001]

If you are using TopCashback , getting the free 50 p will potentially make your cashback invalid . 
royal mint spot price deal is just like playing roulette in casino red or back , price up or down 

and people love it , rather than cash in the bank and affect by inflation 

 

[Leonmarsh]

Apologies all for my spelling I'm dyslexic so struggle a little 

[JamesH]

27 minutes ago, jultorsk said:

You and me both, brother. The FOMO is real. 

Haha…the force is still strong with this one. Managed to avoid the FOMO. Was a good test

[SiCole]

22 minutes ago, Leonmarsh said:

Genuine question 

Say if a 50g bar came up on the forum at spot how many would have jumped to buy it? 

As in the case of say people buying 10 x 5g bars 

I get their more liquid, bit I'm just curious whoever has say 5k in the bank why there has been a mass wave of purchasing 

There been loads of bars listed say a tenner more 20g, 10g, 5g and so on what made people but the trigger as in a must have 

Seems a lot to spend say 2-5k in some cases to save say 50 quid 

The other issue of course if forum knowledge that everyone knows what it was bought for so the psychology is then hard to pay more of that makes sense if one were to sell when they get their credit card bill through 

Just genuinely interested in the psychology of it all as in people who have never considered a bar walloping 6k on them in 20 minutes 

I bet if two 5g bars come up at say 52. Gram they would sit for ages on the forum 

Is it genuinely fomo 

Or are we the stupid ones, i.e the mint have been sitting on gold kilos from years ago and pumped them out at close to all time high and everyone has bit ? Whilst we are think they are stupid and we got a bargain 

 

Exit strategies with any asset is key. 5 gram bars are liquid and you will make 10% overnight currently.

You make your money with any asset when you buy, not sell.

[jultorsk]

4 minutes ago, JamesH said:

Haha…the force is still strong with this one. Managed to avoid the FOMO. Was a good test

[paulmerton]

Just back from the mint, still some left.

[theman73]

45 minutes ago, FriedrichVonHayek said:

I don't think anyone on the Forum accepts Credit Cards.

Me

[HonestMoneyGoldSilver]

54 minutes ago, Leonmarsh said:

Genuine question 

Say if a 50g bar came up on the forum at spot how many would have jumped to buy it? 

As in the case of say people buying 10 x 5g bars 

I get their more liquid, bit I'm just curious whoever has say 5k in the bank why there has been a mass wave of purchasing 

There been loads of bars listed say a tenner more 20g, 10g, 5g and so on what made people but the trigger as in a must have 

Seems a lot to spend say 2-5k in some cases to save say 50 quid 

The other issue of course if forum knowledge that everyone knows what it was bought for so the psychology is then hard to pay more of that makes sense if one were to sell when they get their credit card bill through 

Just genuinely interested in the psychology of it all as in people who have never considered a bar walloping 6k on them in 20 minutes 

I bet if two 5g bars come up at say 52. Gram they would sit for ages on the forum 

Is it genuinely fomo 

Or are we the stupid ones, i.e the mint have been sitting on gold kilos from years ago and pumped them out at close to all time high and everyone has bit ? Whilst we are think they are stupid and we got a bargain 

 

The price was £256

Similar RM 5g bars sold on TSF recently for £285 + ship

The Tavex price is £296 delivered on the Christmas Tree bars, other dealers charge more

Arguably every bar bought is £40 saved. Mine are Christmas presents, cheaper than sovs so I'm chuffed. I imagine a few folks on TSF will be flipping these bars elsewhere for £300-330 and why not it's basically free money

You're right though I'm not keen on bars. Likely they started minting these bars back in Sept-Oct when spot was lower. RM aren't paying spot for their gold anyway so don't lose sleep for them. They make a boatload on gold and will still profit from these bars just not as much as they thought they would 🤗

[silverJEF]

1 hour ago, FriedrichVonHayek said:

I bought a couple because I have just got a 0% Credit Card on purchases.

I don't think anyone on the Forum accepts Credit Cards.

best hope they dont charge you a fee fir buying from royal mint. i tried once and they classed it as me buying cash 😨

[Leonmarsh]

43 minutes ago, SiCole said:

Exit strategies with any asset is key. 5 gram bars are liquid and you will make 10% overnight currently.

You make your money with any asset when you buy, not sell.

What if spot drops ? But again what if we go to the moon 

If it drops does it become a liability but interestingly if it mooned does it become a liability i.e unliquid if it say doubled in 12 months 

I suppose every asset will face the same issues ime if property doubled no one would buy or sell