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Gordon

Silver Premium Member
  • Posts

    126
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  • Country

    United Kingdom

Reputation Activity

  1. Like
    Gordon reacted to HillWalkerDundee in US National Debt Clock   
    I hadn't noticed this before but, on the US National Debt Clock (https://www.usdebtclock.org/), a collection of frightening statistics, paper versus physical metals have appeared.
    The paper to physical metals ratios are displayed.
    Silver: 225:1
    Gold: 129:1
    There are several other PM stats on the clock. Well worth a read.
  2. Like
    Gordon reacted to dicker in Crooked tax agent.   
    Not the smartest.  
    This is a crime against the establishment and of course will be dealt with harshly.  
     
  3. Like
    Gordon reacted to Spyder in Ebay Authenticity Guarantee   
    I think this is good news from ebay.  Just received an email that from the 11 October any jewellery sold for more than £500, you can post directly to ebay who will authenticate and post on to buyer. Any returns goes the same way.  This will stop scammers posting back a Christmas card or a swapped item. 
    I wished they would include gold coins. 
    A step in the right direction and no extra charge to the seller
    Spyder
  4. Like
    Gordon reacted to Agaupl in It’s here : Gold; a journey with Idris Elba   
    Spoiler alert: I thought it was very well filmed. The locations were excellent and they obviously spent lots of money on the production and on Idris Elba. It was aimed at new to gold investors (miners) and funded by gold miners so the emphasis was on this area. 

    but it was pretty Sh!!t tbh. The first 20 and last 10 mins were informative but otherwise it was a just a politically correct advert for ‘good mining solves all problems’. All interviews were with non European/NA and or non male engineers/miners/geologists which is not representative and honed in on sustainable energy’ in mining, again a completely false picture of the mean. The South African mine was particularly grating.
    The example being a 80% hydro powered mine in Congo where the hydro plant would be there long after the mine. That’s a fallacy.  
     
    very little on gold’s financial use and stability. Opportunity missed just to promote gold mining as ecologically and socially beneficial to all at all time. Not surprising given the sponsor.. but still. 
  5. Like
    Gordon reacted to AdamDutton in 1820 half-sovereign nice example   
    1820 half sovereign - £600 posted
    Rare with a Mintage of : 35,043 
    Rated R2 by Marsh 


  6. Like
    Gordon reacted to JohnA1 in Worth buying £10,000 of gold in GBP whilst the USD is strong against it?   
    That time-frame is more stacker-biased.  Irrespective of USD/GBP balance, gold is king in my eyes
  7. Like
    Gordon reacted to Abyss in Worth buying £10,000 of gold in GBP whilst the USD is strong against it?   
    I have never been able to time the right time to pull the trigger to purchase Gold. When I started to accumulate in 2016 I thought I had about 10 years where the gold price would be stuck below $1400 level and I had plenty of time to accumulate in hindsight I was just lucky. Look at the monthly chart of Gold on trading view (free for anyone to do so)
    https://www.tradingview.com/chart/?symbol=COMEX%3AGC1!
    see triple top $2080 level. In my humble opinion the price Gold will slowly decline working its way towards $1700. I have a strong conviction the price leg created from $1625 to $ 2080 (monthly chart) will hold I would be looking to re-accumulate (confirmation obtained weekly chart) Gold between the price $1650 and $1700. As for the exchange rate £/$ sorry it is to hard to time both markets and pull the trigger for the purchase of Gold I have only looked at the price of Gold in $ and have purchased it based on that price.
    But once you buy don't have any regrets and make sure your 10k is something that you can keep in Gold and not have to sell if something unexpected happened in life.
  8. Like
    Gordon got a reaction from Muncle in Beginner - Sovereign vs 1/4 oz   
    Hi both sovereigns and 1/4oz coins sound good to me. I find sovereigns to be a lot more collectable. And no one knows where the price of gold is going. It could be in a new bull market or it could be going back down once things get back to normal. I think inflation is coming 
  9. Like
    Gordon reacted to FriedrichVonHayek in 1960 South Africa Gold £1 £415 freepost   
    1960 South Africa Gold £1 £415 freepost.
    Same specifications as a Gold Sovereign.
    Bank transfer or PayPal F&F.

  10. Like
    Gordon reacted to matt1r in Full Stack / Full Collection Photos   
    Up to date with the half sovereigns and making good progress on the fulls 🙂

  11. Like
    Gordon reacted to Abyss in Full Stack / Full Collection Photos   
    Visited my safety deposit box today and put the recently acquired Gold with the rest of the Gold stack. Don't visit Safety Deposit box that often maybe once a year and took opportunity to take some photos. Gold bullion occupying 25% space in the box the remainder family jewellery. Still enough room in the box to add another 40 oz Gold in Royal Mint tubes to finish off Queens Beasts series.
    Gold bullion square red box total 74.25 oz.



     
     
  12. Like
    Gordon got a reaction from BullionBuyerUK in Full Stack / Full Collection Photos   
    My proof sovereign collection 1979 to 2018



  13. Like
    Gordon reacted to Bigmarc in Gold storage   
    You have a 1 in 43 chance of your home being broken in to in the UK. 
    1 in 4 marriages fail, walk in to any pub in the UK and ask for hands up who has been screwed over by a woman? How many hands do you think? 
    What I am saying is the biggest threat is not what you might think. 
    Work out what is most likely to happen and work from there. I can think of a number of things before currencies collapsing and the end of civilization.
  14. Like
    Gordon reacted to HonestMoneyGoldSilver in Why are American Silver Eagle rounds better than others?   
    American Silver Eagles (ASEs) are not rounds, they are coins. That nuance explains part of the premium vs silver rounds like Buffalos. The ASEs are legal tender in the USA (definition of a coin is legal tender, rounds are not legal tender), are produced by the US Mint, backed by the US government and are widely recognised world wide
    A small part of the premium on ASEs is due to being domestically produced in the USA. A lot of rounds are also made in the USA but other coins (Maples, Britannias, etc) are not made in the USA. Every country has a preference for their own legal tender made by their own people. In some countries with strong domestic production like Austria, US coinage is not popular at all. I watched a YouTube video the other day of an American in Austria trying to sell US Constitutional silver (90% silver) and the bullion dealers in Austria wouldn't even make him an offer, just a flat NO
    The majority of the premium on ASEs vs rounds is due to the US Mint itself not meeting its legal obligations. Under US law as overseen by Congress, the US Mint is obligated to produce enough coins to satisfy the domestic demand in the US market. The US Mint has failed to meet this legal obligation by not producing as many coins as they promised and also by letting QC standards slide
    So like everything else in free markets, the premium on ASEs are due to supply and demand. The premiums on ASEs have been higher than any other government-minted coin for the past several years and have on occasion exceeded 100%, or double spot price
    The situation is made more complicated by corrupt authorised distributors and bullion dealers in business with the US Mint. The US Mint bases its demand figures on orders from these big players. The big players are artificially lowering the demands placed on the US Mint by purposefully ordering less ASEs than demand they receive from customers. Why they do this is simple. The partners of the US Mint are paying spot + $2.50 for an ASE regardless of end-user demand. If the big players order fewer coins (still > 100,000 per year) the price they pay the US Mint remains the same but the premiums they charge customers increases. There's a perverse incentive to undersupply the market and keep premiums artificially high on ASEs
    There are several YouTubers in the US who have made videos about this like Silver Dragons, Yankee Stacking, Salivate Metal. When the premiums are high these guys recommend NOT to buy ASEs. They prefer rounds like Buffalos, foreign coins like Maples and Britannias, along with bars and other lower-premium options. Now that premiums have fallen they are happy to start buying ASEs again.
    Here's a selection from Silver Dragons that explores this topic and we even have one answering your specific question - ASEs or Buffalos?
     
     
     
    And here is the most recent video talking about premiums coming down ($3.79 is a low premium on ASEs compared with recent prices). SD now advocates buying ASEs at these lower premiums:
     
     
    You are in a privileged position in the US of being able to buy any silver at a fair price, a lower price than in the UK or EU where we pay 19-23% VAT (Value Added Tax). I would personally stack some Eagles but I would definitely also own some rounds like Buffalos as well as other government coins like Maples (Canada), Britannias (UK) and Kookaburras (Australia). You have unlimited options in the USA and don't have to buy only coins/rounds, you can also buy bars and other silver items which are all taxed at the same rate
  15. Like
    Gordon reacted to Gordy in Ebay buyer started bank dispute after receiving two gold coins   
    We should compile a hitlist thread where scammers ebay usernames can be posted and highlighted for future reference 
  16. Like
    Gordon reacted to Zhorro in Circulation damage or perhaps an error?   
    To me, it looks as if it was damaged after being put into circulation.
  17. Like
    Gordon reacted to flyingveepixie in JP Morgan shorting gold?   
    Interesting.  I think they've been at it for quite a while, but thankfully not to the same extent as with silver.  I don't see JPM ever being allowed to fail as they seem to be the favoured sons of the FED and would appear to being groomed to be the "One bank to rule them all and in the darkness bind them" when the day comes....
  18. Like
    Gordon reacted to Zeuk in Run on US bank   
    What are they exchanging their money for though? 
     
    A banking system run using cryptography and supported by gdp is very different to someone spinning up a coin and exchanging really money for vapor/compute effort 
  19. Haha
    Gordon reacted to LawrenceChard in Cash in the attic   
    Basically, my advice is relax, there is nothing to worry about, but don't tell everyone you are thinking of storing 1,000 gold sovereigns in your attic, although this advice may have come rather late, as over 19,000 TSF members may have already seen tis discussion.
    A cellar, or under the floorboards would be safer in case of fire, and damp is unlikely to cause any problems with you sovereigns.
    😎
     
  20. Like
    Gordon reacted to MrStacker in Best option coin or bar   
    If investing over 12k and you want to store it long term then bars can eat up your train of thought more over coins.
    Personally I prefer coins and limit the amount of non-royal mint produced bullion I stack. I've never been a fan of the Krugerrands but many youtubers will persuade you to invest in them! I'd rather buy a dated 1oz Britannia or "pre-owned" one instead of the Krugs.
     
  21. Like
    Gordon got a reaction from Silverscrooge in Full Stack / Full Collection Photos   
    My proof sovereign collection 1979 to 2018



  22. Like
    Gordon got a reaction from Johnorob89 in Full Stack / Full Collection Photos   
    My proof sovereign collection 1979 to 2018



  23. Like
    Gordon reacted to Faiz in Store of value?   
    The whole point of fiat is so that it can be debased. Printed to oblivion. Doesn’t sound like a store of value to me. We went from a gold money system, to a gold-backed fiat system, to a completely fiat system. All world currencies are backed by nothing. It’s just the confidence of the end user that allows this system to continue. One should think, why was gold and silver systematically removed from the money equation. The answer is quite obvious really. 
  24. Like
    Gordon got a reaction from GreatCoins4U in Full Stack / Full Collection Photos   
    My proof sovereign collection 1979 to 2018



  25. Thanks
    Gordon reacted to Abyss in Gold Purchase - Verified Sigma   
    I recently purchased almost 2 oz Gold in the form three coins sold as 22ct from reputable seller on the forum for spot. My intentions take these to India to be melted and to make four bangles for my mum's 70th Birthday and all the coins in my stack pristine condition so I did not fancy putting any of these into the melting pot. As these coins are from a smaller mint I was reluctant to buy but the seller offered to provide sigma tested photos passing 22ct test. Received the coins and performed gravity test the larger laurel coin was within expected range for 22ct but the other two failed the gravity test. I was bit unsure so I took them local pawn broker one of the staff is a member of the forum and fellow stacker who stated after viewing the coins through a magnifying glass inscription on the smallest coin that stated the gold content only 9ct instead of 22ct. Contacted the seller and obtained a refund for all the coins (although I am out of pocket for special delivery postage both ways).
    Why would Sigma tester come back with results verified 22ct Gold when this not the case?


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