Martlet

Not only not buying but selling metals. That is why they buy it in the first place, to sell in tougher times.  

I remember reading that, after the 1st world war, that it wasn't economically viable to produce sovereigns because the gold content value was higher than a pound Sterling. That's why the London mint produced no sovereigns after the war until 1925.

Value of sovereign decoupled from £1 worth of spot gold a long time ago.  Presumably 1931 possibly before. 
 

I start reading around the Basel III change though got lost in the weeds.  Suffice to say gold bugs talked up the impact, on the understanding that banks must increase collateral against unallocated gold holdings.  This over looks that banks dont need to hold gold on their balance sheets, they simply drop their unallocated gold position rather than meet the collateral requirement.  The major bullion dealing banks hold gold for clients, not on their own balance sheets, so shouldn't be affected.  

As @LawrenceChard highlighted, getting a live price feed from a market is expensive, and comes with restrictions.  It seems likely the API service feeds websites use are second or third hand, the primary and derivatives markets being aggregated along the way.  Tradingview for example only has various CFD market information on free service, for metals, commodities and many other instruments. 

That's a trifle pessimistic! 🙂
Whenever sales go a bit slow at the Mint. 🙂

Must have been a big dump of gold I think - probably paper maybe physical order.
Given the timing I would hypothesise manipulation. fine by me

Buying op - I dont think so not yet - I recon it will test the previous double bottom.
$1677 but £$1700 is more phycological. Not sure it will last as long as the last one though. 

If thats gets hit (ie strong dollar / bond yields) then it will probably drop to $1600 and have a strong recovery. 
If it breaks $2000 then it will probably rally like last year to higher highs. 
Thats my opinion & as I keep saying no expert, but I will be buying at these levels if that occurs. 
The money printing and inflation is in the eyes of mainstream media now. 
All it needs it a catalyst & news / attention (ie bitcoin crashing or inflation increasing)
Fabulous opportunity really, I did not expect it after the last down turn.

Got my eyes on Kinross Gold - on sale ATM due to a mine fire (all dealt with now)
Should perform well by all accounts & a solid gold stock. 
& GDXJ if that slips down enough + a few sovs, but i have limited funds. 
 

Usually November / December. 

Really top draw with these updates @westminstrel keep up the good work!
Been begging for a new shield back for years. The 2002 was a poor attempt, I'd like to see a S/B with the original quality of JBM.
Can you image die numbers............... We would be in meltdown! 
BTW I believe it would be the last monarch to use this coat of arms, as once a male hair takes over they use the coat of arms that run down the male side, which I believe would be Prince Phillips line,  could we get Hercules on our next coat of arms?  

I don't think any offer deserves a response other than a polite, professional decline. 

I was going to post about this.  It was painful, without spare cash watching all those nice coins go like that.  Lesson learnt there isn't a liquid market for general proofs.  

I was going to post about this.  It was painful, without spare cash watching all those nice coins go like that.  Lesson learnt there isn't a liquid market for general proofs.  

My experience with beautiful proof Britannia gold coins, boxed sets and very low mintages is that I paid a premium say 20% over spot when I purchased and ended up selling at 97% of spot. I didn't loose money because spot had risen by the premium and a bit more but I was very disappointed that the premium was completely lost. I tried to sell to coin dealers that were advertising the same coins at very high premiums and was being offered proofs at 5% to buy over spot at the time. I couldn't find buyers here either at spot price so in frustration I handed over to HGM just to get rid of them. I kept the empty boxes though as it didn't make any difference to the price but at least the dealers didn't have the box and certificate to double their asking price when reselling. Moral - don't pay too much extra for a proof if you think it will retain its value.

Its not the correct definition though. This is expansion of the money supply.  Its possible for money supply to increase and inflation increases at lower rate or not at all (as we've seen most the past decade); or inflation can occur without increased money supply (as happened frequently under gold standard).  This isnt something that has changed, its always been a complex statistical reporting, the point of it is to give an approximation across the whole economy. 
Individual goods and services are subject to supply and demand, technical advances and costs of production, that will raise and lower their price independently of other factors in the economy.  A chocolate bar might rise 500% in 30 years because increase cost of materials and labour abroad, cost of shipping and production, cost of marketing, and ultimately because the market will let them (large chunk of retailer margins). 

FTSE 100 was 620, so a tracker fund would be up 1200%.  Tracking the stock market is best long term, beats everything because it prices in everything..

Yeah, sadly the valuable resource was bought by the forum, helps drive memberships.

I don't think any offer deserves a response other than a polite, professional decline. 

I don't think any offer deserves a response other than a polite, professional decline. 

I don't think any offer deserves a response other than a polite, professional decline. 

I don't think any offer deserves a response other than a polite, professional decline. 

Not sure the full and honest picture is given on these changes, seems some commentators are using Basel III to promote a gold rush from banks, others see it as a problem.  Would need to read more into the detail of the change.
One thing stands out to me though, if banks can use 100% rather than 50% ratio on their balance sheets, they just effectively doubled their holding of that asset.  So they may see that as opportunity to reduce holdings for net same position. 

Royal Mint dont give out bullion mintage numbers any longer claiming commercial sensitivity.  Some early data slipped out but more recent request get blanked.  Ironically they continue to give mintage for proofs and collectables where the mintage is expected to be price sensitive.

I've had the time today to look into this in detail. With respect to @CadmiumGreen
Firstly, do not confuse the sponsor Rosland Gold with Rosland Gold UK. They are separate entities, albeit under the same umbrella.
The rosland.gold website is accurate, descriptive and easy to understand. (even in German!)
For example: https://www.rosland.gold/1-100-Unze-Goldmuenze-Cook-Islands-Hochzeit-Harry-und-Maghan-2018-PP
The rosland uk website however, is shoddy, full of inaccuracies and grossly inconsistent.
For example: https://www.roslandgold.co.uk/product/harry-and-meghan-wedding-1oz/
Is it 1/100oz or 1oz? 0.31g or 31.1g  $5 or £100?
What about this? https://www.roslandgold.co.uk/product/5-portraits-1oz/
It's a 1oz coin in a box..wait, there's 3 coins...it says quarter sovereign...it weighs 31.1 somethings...it says 2015 but the coin is 2016??????
 
There was something that made me smile on the favoured website:
If an error has crept in with the specifications, we will reward this with a credit of 5 euros for a reported correction *.
@LawrenceChard, if you fancy a retirement job? 😇
 
This post was written by Roy, it does not reflect the opinion of Chris Silver nor that of the Silver Forum at large and is unmoderated.
My opinions are my own and, of course, always right.
 

Rosland are an enigma, on one hand they sell regular semi-numismatic bullion, new and graded.  On the other hand they sell tat and dodgy things like this 
https://www.roslandgold.co.uk/product/harry-and-meghan-wedding-1oz/
 

Rosland are an enigma, on one hand they sell regular semi-numismatic bullion, new and graded.  On the other hand they sell tat and dodgy things like this 
https://www.roslandgold.co.uk/product/harry-and-meghan-wedding-1oz/