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Pipers

Member
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Reputation Activity

  1. Like
    Pipers got a reaction from BigDave84 in .925 Silver Crowns   
    Crowns sell well even poor quality ones this was not the same a few year back.  I am not sure your poor quality crowns will hold there premium above spot  in the future who knows.  The better ones I would hold.  Thinking about it you have the silver in your hand and if you only get spot for it or you want to buy gold with the silver coins then you may wait for the Gold silver ratio to tighten.  If you want to buy silver bullion, if I was you I would just crunch the numbers you may lose silver if you sell to buy. 
  2. Like
    Pipers got a reaction from Jay2 in This forum is as tight as a fishes booty - Discuss   
    IMO, the sellers miss out big time on the forum because of the 3 day rule! The 3 day rule makes no sense for a free market, it only makes sense for a Cabal of whom are looking after their own interests as buyers.  As sellers this same group loss out on a lot of sales and the price they could achieve because of the same rules.  Other forums use different rules to secure  members identity eg time and activity on the forum.  
    I have been in and around Gold (not so much silver) to know most releases will not be worth anything much above the spot price in 15- 20 years.  The amount of releases have increased dramatically from the mints even though the coin mint numbers may have been reduced.  This tells me their is around the same amount of collectors or maybe less.
    Pumping is a big part of a sellers tactic,  yes the 2017 sovereign maybe going for over £700 but how many hands hold the Sovereigns and how many people want those Sovereigns?  If there are 20 members that hold 3 that means that at least 40 2017 Sovereigns will come onto the market at some point i can wait a long time! There are plenty of other coins to collect.
    The Premium/Gold members already pay per month,  Ebay you pay when you sell at 13-15%  or at Auction 20%-25% or to dealer. I have sold at Auction at 20% and have sold for more than i could have got from Ebay or off the Silver Forum it just depends what you are selling!!
    The buyer must beware and not get over excited before buying too much, I have bought some very good buys from the Silver Forum, though IMO some sell a lot that I would never buy as I would never be interested in.  Also some get emotionally hurt when others do not share their valuation of their coins/ bars  (usually the more inexperienced), valuation of coins can differ between experts never mined keen collectors.  
    Slabbed coins, I do not own one slabbed coin!!!!  
           
     
        
  3. Like
    Pipers got a reaction from Oldun in A few of my thoughts on coin grading...   
    Don't want to hijack the thread, but oldun you have but the nail on the head a bu can be passed as a proof of proof like.  A bu that is proof like can be worth more than a proof esp on older coins. 
    Myself I do not own one slabbed coin and I talk to dealers of old coins who find it strange that people want to put coins in a slab apart from beginners, I would say a lot of members on here are no longer beginners and should start trusting their own judgement.  Or how are you ever going to increase your own opinion and skill level. 
  4. Like
    Pipers got a reaction from Jay2 in This forum is as tight as a fishes booty - Discuss   
    IMO, the sellers miss out big time on the forum because of the 3 day rule! The 3 day rule makes no sense for a free market, it only makes sense for a Cabal of whom are looking after their own interests as buyers.  As sellers this same group loss out on a lot of sales and the price they could achieve because of the same rules.  Other forums use different rules to secure  members identity eg time and activity on the forum.  
    I have been in and around Gold (not so much silver) to know most releases will not be worth anything much above the spot price in 15- 20 years.  The amount of releases have increased dramatically from the mints even though the coin mint numbers may have been reduced.  This tells me their is around the same amount of collectors or maybe less.
    Pumping is a big part of a sellers tactic,  yes the 2017 sovereign maybe going for over £700 but how many hands hold the Sovereigns and how many people want those Sovereigns?  If there are 20 members that hold 3 that means that at least 40 2017 Sovereigns will come onto the market at some point i can wait a long time! There are plenty of other coins to collect.
    The Premium/Gold members already pay per month,  Ebay you pay when you sell at 13-15%  or at Auction 20%-25% or to dealer. I have sold at Auction at 20% and have sold for more than i could have got from Ebay or off the Silver Forum it just depends what you are selling!!
    The buyer must beware and not get over excited before buying too much, I have bought some very good buys from the Silver Forum, though IMO some sell a lot that I would never buy as I would never be interested in.  Also some get emotionally hurt when others do not share their valuation of their coins/ bars  (usually the more inexperienced), valuation of coins can differ between experts never mined keen collectors.  
    Slabbed coins, I do not own one slabbed coin!!!!  
           
     
        
  5. Like
    Pipers got a reaction from shemyaza in Palladium   
    Shem, good article
    , Just one point on platinum , in SA the Nickel miners are now using a trommel that gets platinum as a byproduct for nearly free.  This leaves Lomin struggling
     
  6. Haha
    Pipers reacted to reidpj in Sub-prime loan firm Provident Financial goes into Meltdown   
    Really??  I thought he was referring to the those in our community that benefit most from Government handouts - the 1% lol
  7. Thanks
    Pipers got a reaction from reidpj in Sub-prime loan firm Provident Financial goes into Meltdown   
    IMO If a poor person can not pay a loan back and they have hungry children they will borrow at any interest rates because they are in dire straits and tomorrow may not come if they are in semi starvation.  
    I maybe more left wing than most on here, I see a new society where the poor have less than even 3 years ago, less belongings hence the increase in car boot sales (they are more busy than the shops).  I have no sympathy for this pay day loan company  at all they borrow from the city at 2-3% then ask the poor to pay 535% interest, when in the past those same people would have gone to the local community centre and got second hand furniture for a few quid. ( those centres have been closed down by the Tory Government) the poor are now forced to go into debt that they can never pay back.  
    The Neo- Liberals seem to think its the poor persons fault they are in debt by their bad decisions, this is a viscous lie in the vast majority of cases and is spread around through media to make the middle/elite classes feel good about themselves and have no sympathy for the working class and the precariat class.  Being in debt to pay for rent, utilities, food, taxes.is not bad money management its not being paid enough or the said bills are to high!  For the last 2 years my children's schools have asked for school uniforms that look in good condition to be handed in so its obvious parents cannot afford the uniforms and i live in an ok area.   
    I think Paul is right, meltdown is true when the markets realise that the poor may not pay this money back and they will be better off going bankrupt of even just letting the bailiffs into their rented house to see they have not got anything worth taking and the debt cannot be collected not even a tiny percentage then the sector is screwed and will go into meltdown.                  
  8. Thanks
    Pipers got a reaction from reidpj in Sub-prime loan firm Provident Financial goes into Meltdown   
    IMO If a poor person can not pay a loan back and they have hungry children they will borrow at any interest rates because they are in dire straits and tomorrow may not come if they are in semi starvation.  
    I maybe more left wing than most on here, I see a new society where the poor have less than even 3 years ago, less belongings hence the increase in car boot sales (they are more busy than the shops).  I have no sympathy for this pay day loan company  at all they borrow from the city at 2-3% then ask the poor to pay 535% interest, when in the past those same people would have gone to the local community centre and got second hand furniture for a few quid. ( those centres have been closed down by the Tory Government) the poor are now forced to go into debt that they can never pay back.  
    The Neo- Liberals seem to think its the poor persons fault they are in debt by their bad decisions, this is a viscous lie in the vast majority of cases and is spread around through media to make the middle/elite classes feel good about themselves and have no sympathy for the working class and the precariat class.  Being in debt to pay for rent, utilities, food, taxes.is not bad money management its not being paid enough or the said bills are to high!  For the last 2 years my children's schools have asked for school uniforms that look in good condition to be handed in so its obvious parents cannot afford the uniforms and i live in an ok area.   
    I think Paul is right, meltdown is true when the markets realise that the poor may not pay this money back and they will be better off going bankrupt of even just letting the bailiffs into their rented house to see they have not got anything worth taking and the debt cannot be collected not even a tiny percentage then the sector is screwed and will go into meltdown.                  
  9. Thanks
    Pipers got a reaction from reidpj in Sub-prime loan firm Provident Financial goes into Meltdown   
    IMO If a poor person can not pay a loan back and they have hungry children they will borrow at any interest rates because they are in dire straits and tomorrow may not come if they are in semi starvation.  
    I maybe more left wing than most on here, I see a new society where the poor have less than even 3 years ago, less belongings hence the increase in car boot sales (they are more busy than the shops).  I have no sympathy for this pay day loan company  at all they borrow from the city at 2-3% then ask the poor to pay 535% interest, when in the past those same people would have gone to the local community centre and got second hand furniture for a few quid. ( those centres have been closed down by the Tory Government) the poor are now forced to go into debt that they can never pay back.  
    The Neo- Liberals seem to think its the poor persons fault they are in debt by their bad decisions, this is a viscous lie in the vast majority of cases and is spread around through media to make the middle/elite classes feel good about themselves and have no sympathy for the working class and the precariat class.  Being in debt to pay for rent, utilities, food, taxes.is not bad money management its not being paid enough or the said bills are to high!  For the last 2 years my children's schools have asked for school uniforms that look in good condition to be handed in so its obvious parents cannot afford the uniforms and i live in an ok area.   
    I think Paul is right, meltdown is true when the markets realise that the poor may not pay this money back and they will be better off going bankrupt of even just letting the bailiffs into their rented house to see they have not got anything worth taking and the debt cannot be collected not even a tiny percentage then the sector is screwed and will go into meltdown.                  
  10. Like
    Pipers got a reaction from augur in Venezuela hyperinflation   
    A bad place to be living right now, Venezuela spent all of its money and saved nothing all of the economic output was oil.  Now for the part that is not in the news the USA are destabilising Venezuela and have been for many years they are making things a lot worse. 
  11. Like
    Pipers got a reaction from augur in Venezuela hyperinflation   
    A bad place to be living right now, Venezuela spent all of its money and saved nothing all of the economic output was oil.  Now for the part that is not in the news the USA are destabilising Venezuela and have been for many years they are making things a lot worse. 
  12. Like
    Pipers got a reaction from realbluegold in What % of your stack should be bullion?   
    Are you a collector or are you investing or both?  for me i buy bullion and pick up interesting coins on the way for example i have Italian Lire bought at 3% above spot they are all bullion and not worth more but they are interesting coins.  
     
  13. Like
    Pipers got a reaction from Xander in £GBP heading to oblivion   
    Well that's was the idea!  It's not turning out that way though, people must remember when the politicians say 'In the nation interest or in British interest or Britain's interest' they are talking for wealth and privilege big business, not the population!  We have already seen sterling devalued massively and blamed on brexit this is not true the devaluation is more to do with the BOE money printing and low interest rates! 
    IMO it would of been better for the population if  a clean break happened, it would be hard at first but in the long run the UK would be far stronger. 
  14. Like
    Pipers got a reaction from Xander in £GBP heading to oblivion   
    Well that's was the idea!  It's not turning out that way though, people must remember when the politicians say 'In the nation interest or in British interest or Britain's interest' they are talking for wealth and privilege big business, not the population!  We have already seen sterling devalued massively and blamed on brexit this is not true the devaluation is more to do with the BOE money printing and low interest rates! 
    IMO it would of been better for the population if  a clean break happened, it would be hard at first but in the long run the UK would be far stronger. 
  15. Like
    Pipers got a reaction from Lindeman in Platinum - who's buying?   
    Yeah i did a post a long time ago about platinum if holding under 10 years then vaulting is the way to go but if you are in for the long run eg 20 - 30 years then a buying bullion at the gold/ platinum ratio should be ok.  
    I myself have a few coins mainly because i believe the ratio is out and will correct.  
    One more thing apart from the queens beast all the other platinum coins i have are in very good condition for bullion coins.  I know the philharmonic gets a bad press but the platinum coin i have is in very good condition.  
  16. Like
    Pipers got a reaction from augur in Platinum - who's buying?   
    Only in Europe and US is Diesel a nasty word remember when there is an over supply of derv the price will plummet and in my estimation there will be a pick up in diesel car sales around the world.  Diesel engines are far more efficient than petrol engines, I have my own opinion on the so called emmitions on diesel cars, it's more to do with making the owner buy a new car than anything else, on the whole diesel engines last longer than petrol engines and there are loads of 10 year and older diesel cars on the road running very well thank you and looking like they will last for many years to come!  That's no good for the car manufacturers!  plus IMO electric and hybrid technology is not as advanced as the government is making it out to be.
    There is no shortage of Palladium from mining or recycling the shorage is coming from the supply chain, this does not sit well for a long term investment against other investments as we know and have seen what China has been doing in the commodities markets when it thinks the price is to high. 
     
  17. Like
    Pipers got a reaction from augur in Platinum - who's buying?   
    Only in Europe and US is Diesel a nasty word remember when there is an over supply of derv the price will plummet and in my estimation there will be a pick up in diesel car sales around the world.  Diesel engines are far more efficient than petrol engines, I have my own opinion on the so called emmitions on diesel cars, it's more to do with making the owner buy a new car than anything else, on the whole diesel engines last longer than petrol engines and there are loads of 10 year and older diesel cars on the road running very well thank you and looking like they will last for many years to come!  That's no good for the car manufacturers!  plus IMO electric and hybrid technology is not as advanced as the government is making it out to be.
    There is no shortage of Palladium from mining or recycling the shorage is coming from the supply chain, this does not sit well for a long term investment against other investments as we know and have seen what China has been doing in the commodities markets when it thinks the price is to high. 
     
  18. Like
    Pipers got a reaction from ApisMellifera in Bitcoin (and other crypto currencies)   
    IMO Cryptos have been pumped so they need to readjust again, one must ask themselves is the item i am buying worth the price i am paying or under valued, not is the price going to go up! 
    Remember you can always walk away and not buy then you lose nothing! 
  19. Like
    Pipers got a reaction from ApisMellifera in Bitcoin (and other crypto currencies)   
    IMO Cryptos have been pumped so they need to readjust again, one must ask themselves is the item i am buying worth the price i am paying or under valued, not is the price going to go up! 
    Remember you can always walk away and not buy then you lose nothing! 
  20. Like
    Pipers got a reaction from Agpanda in Today I received.....   
    I've got a Canadian sov that I bought years ago by chance.  It's a bit bashed, at the time I didn't realise they were hard to get.
  21. Like
    Pipers reacted to BackyardBullion in Today I received.....   
    Look what the silver forum members did this month.....
     

  22. Like
    Pipers got a reaction from KDave in Collecting/ stacking or investing   
    Collecting/ stacking or investing
     
    Are you a collector a stacker or an investor in precious metals?
     A straight forward question isn’t it, well no not really,  one has to identify first of all what you do, why you do it and what you want out of it. 
    Let’s take the’ I’m a stacker’.  He waits - for dips - then he pounces with his large order of his/her chosen precious metal according to Gold/silver ratio.  He generally buys the best coins or bars for his country so when he sells he will easily be able to off load the large amount quickly into either another metal or into cash, then reinvest or walk away he also use vaults. 
    Then we have the investor he/she buys precious metals in vaults or for delivery he can buy more than one coin of a type eg a sovereign 2017 proof , then hopes to sell at a profit releasing cash to reinvest into other investments or back into precious metals.  He also may have to ‘advertise his wares ‘ on social media to generate interest. 
    The Collector, He or she is only interested in acquiring a collection of coins or bars.  He is not interested in buying 2 2017 proof sovereigns  as funds can be used to acquire other coins or sets, he may use all his time sourcing coins that he wants, he is not a trader per say, though he may trade a few coins he comes across at very good prices, though he does not speculate he recoups a few £s because of his gained knowledge of coins .  The collector will pay a high premium for hard to find coins and sets though he is not an idiot and will let things go as he knows there will be another one that will be coming around in a few months/years and there is plenty to collect.   
     
    I have written this because I have read the mania on the 2017 sovereigns threads, collectors have all of a sudden become investors and it is true you have cornered the market.  There are a few people who will pay a lot for the coins you hold, but at some point you will want to sell the extra coins!  Are you all going to take it in turns to sell and divide the difference?   I was talking to some British coin collectors the other week who were more interested in other coins than the 2017 sovereign and they are well aware of the few hands that held them and they said they will not buy them at those prices.  I do hope for your sakes you all make money on them  but I fear some will make lots and the rest will just get your money back and may even lose a little with  action fees.        
     
     
     
  23. Like
    Pipers got a reaction from Oldun in I need to sell our silver collection - Advice Please Thank you   
    Belgium is the cheapest place to have private health care.
    Anyway trade your silver for before you come into the UK for gold bullion you can import £10,000 of gold a year with you tax free Krugerrands, Britannia's sovereigns maples should be ok. 
     
  24. Like
    Pipers got a reaction from KDave in Collecting/ stacking or investing   
    Collecting/ stacking or investing
     
    Are you a collector a stacker or an investor in precious metals?
     A straight forward question isn’t it, well no not really,  one has to identify first of all what you do, why you do it and what you want out of it. 
    Let’s take the’ I’m a stacker’.  He waits - for dips - then he pounces with his large order of his/her chosen precious metal according to Gold/silver ratio.  He generally buys the best coins or bars for his country so when he sells he will easily be able to off load the large amount quickly into either another metal or into cash, then reinvest or walk away he also use vaults. 
    Then we have the investor he/she buys precious metals in vaults or for delivery he can buy more than one coin of a type eg a sovereign 2017 proof , then hopes to sell at a profit releasing cash to reinvest into other investments or back into precious metals.  He also may have to ‘advertise his wares ‘ on social media to generate interest. 
    The Collector, He or she is only interested in acquiring a collection of coins or bars.  He is not interested in buying 2 2017 proof sovereigns  as funds can be used to acquire other coins or sets, he may use all his time sourcing coins that he wants, he is not a trader per say, though he may trade a few coins he comes across at very good prices, though he does not speculate he recoups a few £s because of his gained knowledge of coins .  The collector will pay a high premium for hard to find coins and sets though he is not an idiot and will let things go as he knows there will be another one that will be coming around in a few months/years and there is plenty to collect.   
     
    I have written this because I have read the mania on the 2017 sovereigns threads, collectors have all of a sudden become investors and it is true you have cornered the market.  There are a few people who will pay a lot for the coins you hold, but at some point you will want to sell the extra coins!  Are you all going to take it in turns to sell and divide the difference?   I was talking to some British coin collectors the other week who were more interested in other coins than the 2017 sovereign and they are well aware of the few hands that held them and they said they will not buy them at those prices.  I do hope for your sakes you all make money on them  but I fear some will make lots and the rest will just get your money back and may even lose a little with  action fees.        
     
     
     
  25. Like
    Pipers reacted to KDave in £GBP heading to oblivion   
    I disagree with the statement too, I was quoting Carneys words for the comedy value. I can't remember the last time I liked anything that guy said he has been a complete disaster.