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KDave

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  1. Like
    KDave reacted to sixgun in How to invest 5000€   
    Don't get gold bars. i was just reading about a recent case where a jeweller bought a gold bar from a Royal Canadian Mint. This has hit the headlines. It is too easy to fake a gold bar. They will come in the right looking wrapping. Unless you have the equipment and knowledge about how to test the bar and you can get your cash back if it doesn't check out, steer clear.
    http://www.zerohedge.com/news/2017-10-30/could-be-huge-gold-bar-certified-royal-canadian-mint-exposed-fake
    Backyard Bullion [a forum member] has a monthly order with goldsilver.be where members of the forum send him orders for coins and he sends a single order into goldsilver.be. He gets the coins and then sends them to the people who ordered them. This works out cheaper for people in the UK as the postage charges are less but it might works out more expensive for you. i have ordered from goldsilver.be a few times. There has been an issue with the couriers they use. They say they send coins all over the world. As far as Europe is concerned their prices are good.
    The other option is the German dealers. There is a price comparison website http://gold.de. This will give you are good idea of where the best prices in Germany are. i have never had problems with German dealers. The other option is as already mentioned http://celticgold.eu in Estonia [this outfit is actually German].
    i can see you are going for the cheapest silver coins. The Maple Leaf and the Philharmonic. These are good prices for 1oz of silver. In the end this may be the right decision to get as much silver as cheaply as possible. i have both coins. i got them cheaply and i view them simply as silver. The Philharmonic is the same coin every year. It will only be worth the value of the silver, it has little to no value as a coin. There are lots of interesting versions of the Maple. Some of them become collectible. The BIG problem with silver coins from the Royal Canadian Mint is they WILL develop milk spot. Read about milk spot if you do not know what it is. The Philharmonic often develops milk spot as well. People who collect coins know if they bought a tube of Maple Leaf coins they will develop milk spot. People don't want to pay more than the value of the silver for a coin with milk spot.
    So both coins you mention are very basic silver coins you will be able to sell again but you will not get anymore than the value of the silver back. That means in the short term you will lose money. If as i expect the price of silver goes up a lot. It is not a matter of if it goes up, it is only a matter of when. Your basic silver coins will be worth many times the price you paid and it won't matter if they have milk spot. People have been waiting for silver to go up since 2011. Quite a few people here paid higher prices for their silver and have lost money or wish they had not bought the coins. Patience will be rewarded. i have quite a bit of gold but i mainly have silver for the simple reason i am certain it will become many times more valuable, it is an absolute bargain at the moment.
    i would recommend Australian Perth Mint Lunar series coins. Maybe not the 1oz b/c the other weights can make more money over time. These coins are very good quality and rarely develop milk spot. They all come in capsules. If you keep the coins for a few years you will probably make more money. Do not be afraid to collect coins that are a bit more expensive if they are good quality and have collector potential.
    If however you do not want to take a gamble on silver you could buy good value gold coins. You could store 5000€ gold very easily. In the UK people recommend the gold sovereign coins. They are good value and fairly easy to sell. You do not pay a lot more than the value of the gold. They are completely tax free in the UK so even if gold went up to $60 000/oz there is no tax to pay [at the moment]. There may be a similar coin in Slovakia which people collect there. The Austrian Ducat is a nice coin.
    http://www.hattongardenmetals.com/buy/pid105/aus-ducat-4.aspx
    This could be a coin for Slovakia maybe. There are some nice small gold coins that are not too high a premium.
     
  2. Like
    KDave reacted to kimchi in Silver has not been good to me   
    So basically after all that, no-one's got any Jamaican for sale?

  3. Like
    KDave got a reaction from Roy in Silver has not been good to me   
    The sentiment revealed by this thread suggests now is a great time to start buying silver. 
    I can't personally justify numismatic coins as investments, when I look at the drivers of the market I see fashion, hype and fickle emotion, combined with lots of speculative money that could easily be speculated elsewhere should a new trend appear, or hobby money that will be spent elsewhere should bad times hit, or fashions change, ect. Add the word 'silver' to the words 'numismatic investment' and you have added more layers of potential loss and tears from the problems everyone here has mentioned. Others are convinced it is the way forward and all respect to them.
  4. Like
    KDave reacted to metallica73 in Silver has not been good to me   
    The milk spot issue really killed it for me. Thankfully I never got into the proofs game - like playing russian roulette whether your initial punt on the premiums would magically dissapear overnight!
    I've gone fully in on numismatic & old gold. I will definitely get back in the silver game when i'm comfortable where i'm at in gold, there have been some damn good sales of bars on here for example that I have hated having to pass over. But when I do i'm going to be buying the cheapest silver I can find and I wont care about fingerprints/dings/spots etc
  5. Like
    KDave reacted to Pete in Silver has not been good to me   
    I have charted my average buy price per T oz for my one ounce only bullion coins including shipping etc ( i.e. what I call net landed cost ).
    Coins include Eagles, Kooks, Maples, Britannias, Canadian Wildlife, Koalas, Libertads.
    Excluded are Lunars, Roos, Pandas and proofs and coins weighing more than 1 Toz.
    The date ( year ) is when purchased and not the date marked on the coin.
    I was surprised to see my 2017 average so high but I have been buying smaller lots and some missing dates for sets etc. so paying extra.

  6. Like
    KDave got a reaction from Roy in Silver has not been good to me   
    Lots of collectable coins there, if in good condition I agree 20. If bullion condition then bullion prices.
    Silver has been tough to more people because the window of 10 an ounce was shorter than the 700 and change an ounce for gold. Then factor in premiums and postage and you are killing your chances. I was lucky I bought a lot of silver at the lows. It's platinum I got wrong still underwater on that trade, again down to premiums. 
  7. Like
    KDave got a reaction from AlphaBeast in Venezuela Bank notes   
    I bought a few Zimbabwe notes a couple of years ago to remind me of the inherent value of all currency, paying a few quid for the lot, including 100 trillion dollar notes. I gave a few away as gifts oops. 
    I think a lot of people bought them for the novelty and now with bitcoin taking off there is now a larger crowd joining in on the principle. They are not particularly rare or nice to look at but they are a very important part of recent monetary history, a lesson is there for all to see. I wonder if bitcoin was around back then would it have acted as an exchange mechanism in the country; everything from US dollars to flakes of gold found in the local rivers were being used instead of zimb blats. 
  8. Like
    KDave reacted to Roy in Today I Received   
    ? 1887?
  9. Like
    KDave reacted to wilky1 in Today I Received   
    Victoria old head 1897 S

  10. Like
    KDave reacted to Pipers in Sovereign Question   
    It's because 1902 they made proofs 'matte' that look like bu coins and every Tom dick and Harry thinks he has a proof coin!! They don't!  I have a few 1902 London sovereign but no proofs. eBay coins get sold as maybe proof, i think it's Numi who has a proof, it looks better than all of mine and its got graded as proof.
  11. Haha
    KDave reacted to Xander in Universal Credit   
    If the Government paid out more money to welfare recipients it would mean more money would be spent in the shops, the shops would pay more tax which would be paid straight back into the treasury...its a no-brainer.
  12. Like
    KDave reacted to sovereignsteve in Universal Credit   
    Or an alternative is cut taxes so those in work spend more in the shops...................................etc, it would have the same effect.
    but seriously, are you suggesting anywhere near the extra you pay in benefits will come back to the treasury?
    the majority of the money will go to China etc and the most value in goods will sit in the homes of welfare recipients and be worthless in a few years.
     
  13. Like
    KDave reacted to BackyardBullion in Gold bar buying advice   
    The problem you will have with bars is that they are easily faked and often so. 
    It is generally easier to fake a bar than a coin and the risk/reward is a lot better than faking silver bars therefore there are a lot out there. 
    Consequently there is a lot of scepticism on the market for gold bars and you might find that the only place you can sell it again is back to a bullion dealer basically for 96% of spot value. 
    So I guess there are two schools of thought for buying gold bars. 
    1) Buy as cheap as possible and as close to spot as possible but only from a reputable dealer. When the gold arrives, test it to make sure it is real (there have been stories of bars being passed on unknowingly even by dealers). Then when the time comes sell it for 96% spot or there abouts. 
    2) Buy a premium gold bar, like the pamp bars. Buy only from a reputable dealer and once again try to test it as best as possible (it might be in an assay card so this could be hard). Then when you come to sell it hopefully you can find a Pamp collector or the like to take it off your hands at a premium. 
    Option 2 is more risky and probably wont be that much better of an investment than option 1. 
    My advice, steer clear of bars and go with 1 oz coins. much more pretty looking and easier re-sale market. 
  14. Like
    KDave reacted to Paul in Universal Credit   
    You give a man a fish and you feed him for a day. 
    You teach him to fish and you give him an occupation that will feed him for a lifetime
     
    If you give a life long dole woller a fish, they'll eat for a day.  
    If you give him a fishing rod, they’ll break it up for firewood. Or swap it for a iPhone
  15. Haha
    KDave reacted to Thelonerangershorse in Are white people an endangered species?   
    And yet if they'd just used polar bears they'd be called racist for excluding brown bears and black bears.
  16. Haha
  17. Like
    KDave reacted to sixgun in Are white people an endangered species?   
    People aren't equal. There can be no equality when people aren't equal. There can be equality under the law and equality of opportunity but that is as far as it should go. Positive discrimination for one is negative discrimination for another. How is it fair for one to be denied a job or a place in college in favour of another, not b/c of merit but b/c they are a particular gender or ethnicity? It isn't fair or moral. It's sexist and racist.
    There have been many studies on IQ throughout the world which have shown significant average differences between ethnic groups.
    https://iq-research.info/en/page/average-iq-by-country
    In the US for example there is discrimination against those of East Asian (Oriental) ethnicity in college places. The Chinese/Japanese have higher scores in IQ tests, averaging about 105, so they get better average scores in the admission criteria. Europeans (Whites) average scores are around 100. US Blacks score around 10 -15 points lower. This hotly disputed and many reasons and excuses are given. The reality that people and groups are biologically different defeats Leftist philosophy.
    Leftists maintain everyone is the same when clearly they aren't. They enforce affirmative action to favour certain ethnicity whilst denying race.  They show favour to compensate for inherently poorer performance whilst at the same time claim equality. 
  18. Like
    KDave reacted to Kman in Are white people an endangered species?   
    Google images isn't that hard to manipulate, people on Reddit do it all the time
    I just searched "idiot" thinking "I bet someone has pushed a picture of Donald Trump to a top spot" and sure enough... lol 
    I'm white, I'm not bothered about skin colour, but I think it's important to preserve culture and history to a certain extent 
    I've heard questions like
    Why are god and jesus depicted as white Why are Angels always white Why is father christmas white As if that's racist 
    Western culture, originating in Europe is white (all though I appreciate religious stuff is taken from the middle east)
    If I went to an African or Asian country I wouldn't go "I've had a look at your folklore and deities and I'm a bit concerned to not see any ethnic diversity here.." 
    You expect the race of the myths to reflect race of the original people :| nothing wrong with that
     
     
     
     
  19. Like
    KDave reacted to Clens92 in GOLD DEALS - See a deal, post here :)   
    Yes, but they made their profit on those 7 Britannias. 
    Nobody looking to trade the intra-day Spot is buying physical gold and taking delivery of it. 
    Honestly, it doesn't matter if they stay in business or not.  There will always be another gold buyer.  Two months ago, I could get 98% of Spot for scrap and coins from them.  Now I can't get more than 96% (ish), so I'll sell elsewhere and they'll lose all my business in that regard.  Nothing big by any means - but if all the small gold buyers start doing it, it becomes a bigger issue as they won't be getting the stock to sell on.
  20. Like
    KDave got a reaction from augur in Sovereign Photo Thread...   
    @Clens92 Some more pictures of the date and fine details on the reverse for your to confirm your suspicions? Apologies to all for clogging up the thread with pictures of forgeries. PCGS picture of a real slabbed one below for comparison and to make up for it. 
     
  21. Like
    KDave got a reaction from augur in Sovereign Photo Thread...   
    1887 Quintuple Sovereign from HGM

  22. Like
    KDave reacted to ilovesilverireallydo in GOLD DEALS - See a deal, post here :)   
    lol yeah - like us - we would happily pay 98% of spot  
  23. Like
    KDave got a reaction from MancunianStacker in Paradise papers, offshore tax heavens, etc   
    That is interesting but it appears to still be a useless piece of legislation. Either make it impossible to avoid tax in certain ways by making it illegal - or don't. Basing on what is considered 'reasonable' will never work. For example; We are taxed too heavily in this country especially the rich proportionately as a percentage, so they will do the 'reasonable' thing and look to avoid paying extortionate tax rates. I would too if I could.
    Perhaps if taxes were lower the net result would be positive for all sides (more investment, more jobs, more taxes) instead of it being a one sided theft. The main problem I think lies in government promising too much and creating a nation full of people who can't live without its teat. 
  24. Like
    KDave reacted to Xander in Paradise papers, offshore tax heavens, etc   
    Lowering tax=increase of the country's wealth, which would benefit the country as a whole, (The Laffer curve )although that wouldn't go down well with certain parties at Westminster who would rather our country failed in order to fulfil their own selfish ideological fantasies.
  25. Like
    KDave got a reaction from MancunianStacker in Paradise papers, offshore tax heavens, etc   
    That is interesting but it appears to still be a useless piece of legislation. Either make it impossible to avoid tax in certain ways by making it illegal - or don't. Basing on what is considered 'reasonable' will never work. For example; We are taxed too heavily in this country especially the rich proportionately as a percentage, so they will do the 'reasonable' thing and look to avoid paying extortionate tax rates. I would too if I could.
    Perhaps if taxes were lower the net result would be positive for all sides (more investment, more jobs, more taxes) instead of it being a one sided theft. The main problem I think lies in government promising too much and creating a nation full of people who can't live without its teat.