Gold spot price when where why

[Paul]

LOL. Just found that episode online,  

 

" And I'll be able to buy two more golden sovereigns, that'll make it, let me see, 100, 200, 300, 400, 500,............... 504.............which in present currency is valued at £3102 and 4 shillings  . "  

 

darmysov.JPG

 

Just checked the maths. ...3102.2 / 504 = £6 3' 1d per sov

 

but at the start of the war Gold was around £7 an oz. so 504 x 8g = 4032 / 31.1 = 129.64oz x £7 is only £907, not £3000. Oh well 

https://www.youtube.com/watch?v=hAz9e0YYLak

 

Dad's Army S09E04 "The Miser`s Hoard"

 

ENOY !

[craig12]

could anyone tell me please a quick way of working out the % over spot a selling price is on gold ,   ive been working out how many ounces 7.32g  is then multiplying it by the spot price , it dosent tell me the % but I loosly compare one coin to another but im sure im going about it the long way round, so for instance

a gold sovereign at £198  and one at £194  how do you calculate what either is a % over spot

regards

[silversword]

Personally I keep a spreadsheet which I can put the numbers into, but for when it's not available: divide coin price by number of grams to get price per gram, multiply by 31.1 to get price per troy oz.

For percentage over spot: Take the actual price per oz, divided by spot price per oz, then multiplied by 100. Subtract 100 and you get the percentage over spot. If the result is negative then the price is under spot.

[craig12]

i hope it drops some more i am in for a 1 ducat coin but if it drops again these beauties will be £94  all in currently £100 at gold bullion company and i think baird is around £97  with their £7.50 delivery

[Pete]

When you folks have the intention ( dream or whatever ) of converting say 1,000 oz of silver into gold, to whom are you planning to sell your silver ?

Everyone knows that selling to dealers or coin stores etc. your VAT element of cost is lost so you will always get a lower price than selling privately. Finding a private buyer for 1,000oz would be interesting. Any thoughts ?

[craig12]

this is exactly why pete i did offer spot for coins , i know its cheeky and thats just me  , if i trade back to a dealer i have to have a massive rise in silver to get my vat back ,  for me (and this is only me ) i put cheeky bids in , some you get some you dont , im now going onto bars i think up to 10 oz or 500g   i dont sell on e bay , so am relying on buying low selling high when it takes off (if it takes off) im following some silver items on the bay at the minute on at £11.50 oz plus £6 del  , betcha bottom dollar it wont go for that but hey you never know, 

thats me  

[silversword]

When I sell, it will be the bullion element only; the bars and bullion coins, and in any serious quantity it would have to be sold to a dealer. This is why I don't bother with many higher premium coins other than a small personal collection which I have no intention of selling. 

[Danny-boy]

When you folks have the intention ( dream or whatever ) of converting say 1,000 oz of silver into gold, to whom are you planning to sell your silver ?

Everyone knows that selling to dealers or coin stores etc. your VAT element of cost is lost so you will always get a lower price than selling privately. Finding a private buyer for 1,000oz would be interesting. Any thoughts ?

My personal plan is to have a table every now and then at the big coin fairs.

500 odd oz of silver should be enough to fill a table.

The rest I will sell on eBay.

[HighlandTiger]

My personal plan is to have a table every now and then at the big coin fairs.

500 odd oz of silver should be enough to fill a table.

The rest I will sell on eBay.

 

I had a similar thought with regards to getting a display cabinet at one of those big antique centres and filling it up with silver coins. Although I think a table at a coin fair might be more cost effective

[Danny-boy]

I had a similar thought with regards to getting a display cabinet at one of those big antique centres and filling it up with silver coins. Although I think a table at a coin fair might be more cost effective

I enquired and it actually not that expensive, like £50 for a 6"x3" table.

Sounds like a good deal to me, and I reckon a fair bit would get shifted. Especially as most charge £22-£25 for a generic ounce.

[Keithoil]

Is gold going to go down again next week...

 

Read on and see.

 

http://www.kitco.com/news/2014-09-12/FOMC-Meeting-Will-Dominate-Gold-Market-Next-Week.html

[craig12]

I think so , I think all pm,s will ,, ive a spare £200 or so to spend and cant decide on

10 brits

1  2 rand coin

1 sov

2 x 1 ducats

[Keithoil]

I have just ordered 2 Gold coins a 2012 full sovereign and a 2 Rand coin!!!

[Keithoil]

Holy Macaroni

 

They reckon gold with a bearish downside to $1180.

 

http://www.kitco.com/ind/Ilczyszyn/2014-09-18-GCZ4-Close-Below-1220-Bearish-Downside-Target-1180.html

 

Get those debit cards at the ready guys.

[Pipers]

Hasn't quite broke past the 1220 support line to the downside as it keeps bouncing back up, we will see how things go. If it keeps hitting the line I'm sure support will ebb away and it will break through.

[HighlandTiger]

Hasn't quite broke past the 1220 support line to the downside as it keeps bouncing back up, we will see how things go. If it keeps hitting the line I'm sure support will ebb away and it will break through.

 

Well it's broken through now....

[StackemHigh]

Didn't last!