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HonestMoneyGoldSilver

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    United Kingdom

Reputation Activity

  1. Like
    HonestMoneyGoldSilver got a reaction from stackerp5 in This Is What Mints & Dealers Have To Say About The State of Silver, Gold & Coin Markets!   
    @BackyardBullion
    Interesting. I agree with your opinions on the Royal Mint, Perth Mint and Germania. The figures from Perth Mint and RM may give some context. If RM say everything is fine, well, maybe it is from their perspective:
    British Royal Mint sees record bullion demand in 2023 | Kitco News
    The British Mint said that a record number of customers invested in precious metals products in 2023, increasing 7% compared to 2022
    Then we have The Perth Mint who have struggled and the US Mint whose sales figures are mixed:
    Gold prices will remain rangebound near $2,000 per ounce, silver could fall below $22 - Heraeus | Kitco News
    Turning to silver, the analysts pointed out that sales of silver coins outstripped those of gold at the major mints last month. “January tends to be a strong month for both gold and silver bullion sales with the release of new-year mintages, and a 2.9% decline in the silver price seems to have helped,” they said. “From the US Mint, American Eagle silver coin sales grew by 24% year-on-year to 4.9 moz. Meanwhile, sales of American Eagle gold coins fell by 25% against sales in January 2023, to 123 koz, the lowest sales volume in the post-Covid era.”
    Meanwhile, the Perth Mint saw lower demand for both gold and silver, but silver bullion products still outperformed gold. “Sales of silver coins and minted bars fell by 38% year-on-year to 769 koz, but gold product sales dropped by 62% to a nine-year low for January of 24.7 koz,” they noted. “Demand from the Perth Mint has been shrinking since the second half of 2022, despite a decline in apparent premiums from bullion dealers in that time.”
    --------------------------------------------------------
    Perth Mint, Germany, India:
    Gold prices restrained by dollar strength, silver investment demand could rebound - Heraeus | Kitco News
    Turning to silver, Heraeus said that U.S. investment demand from the retail sector is proving resilient but remains below historical levels, while physical demand outside the U.S. is falling sharply.
    “With year-end sales now available, data from the US Mint shows that cumulative silver coin sales reached 24.8 moz in 2023,” they said. “This represents a robust improvement year-on-year from 16 moz in 2022, though is still nearly 16% lower than the 10-year average.”
    The relative resilience of the U.S. market stands in contrast with other key markets around the globe. “Worldwide, physical investment in silver is estimated to have fallen by 21% year-on-year in 2023 to 263 moz,” they said, quoting the latest Silver Institute data. “Sales of silver bullion from the Perth Mint, which has been popular with German retail investors, contracted by 36% year-on-year to 14.9 moz, likely impacted by the VAT hike on coins in Germany.”
    The analysts also noted softening of the Indian market due to higher silver prices. “India’s silver imports were down 59% year-on-year, signalling that consumer demand is considerably lower in the higher-priced environment,” they said. “Inflationary pressure and central bank actions will influence physical retail demand in 2024, which, with ongoing geopolitical uncertainty, could see some safe-haven buying and a return to investment demand growth.”
    ------------------------------------------------------
    I am not a fan of the Royal Mint pricing or quality control but if RM are the only major mint not suffering from declining sales, it's not unreasonable for RM to hold the opinions they shared. Of course RM's opinion on milking is atrocious and it's a national disgrace
    On Maples and milking, I've noticed a fair few of my post-2018 Maples have milked, including 2022s and 2023s. From the RCM the Mintshield tech reduces and delays but doesn't eliminate milking:
    A proprietary technology developed by the innovative minds at the Royal Canadian Mint, MINTSHIELD™ is the world's first and only proven solution for reducing white spots on every Silver Maple Leaf bullion coin dated 2018 or later.
  2. Super LOVE
    HonestMoneyGoldSilver got a reaction from BackyardBullion in This Is What Mints & Dealers Have To Say About The State of Silver, Gold & Coin Markets!   
    @BackyardBullion
    Interesting. I agree with your opinions on the Royal Mint, Perth Mint and Germania. The figures from Perth Mint and RM may give some context. If RM say everything is fine, well, maybe it is from their perspective:
    British Royal Mint sees record bullion demand in 2023 | Kitco News
    The British Mint said that a record number of customers invested in precious metals products in 2023, increasing 7% compared to 2022
    Then we have The Perth Mint who have struggled and the US Mint whose sales figures are mixed:
    Gold prices will remain rangebound near $2,000 per ounce, silver could fall below $22 - Heraeus | Kitco News
    Turning to silver, the analysts pointed out that sales of silver coins outstripped those of gold at the major mints last month. “January tends to be a strong month for both gold and silver bullion sales with the release of new-year mintages, and a 2.9% decline in the silver price seems to have helped,” they said. “From the US Mint, American Eagle silver coin sales grew by 24% year-on-year to 4.9 moz. Meanwhile, sales of American Eagle gold coins fell by 25% against sales in January 2023, to 123 koz, the lowest sales volume in the post-Covid era.”
    Meanwhile, the Perth Mint saw lower demand for both gold and silver, but silver bullion products still outperformed gold. “Sales of silver coins and minted bars fell by 38% year-on-year to 769 koz, but gold product sales dropped by 62% to a nine-year low for January of 24.7 koz,” they noted. “Demand from the Perth Mint has been shrinking since the second half of 2022, despite a decline in apparent premiums from bullion dealers in that time.”
    --------------------------------------------------------
    Perth Mint, Germany, India:
    Gold prices restrained by dollar strength, silver investment demand could rebound - Heraeus | Kitco News
    Turning to silver, Heraeus said that U.S. investment demand from the retail sector is proving resilient but remains below historical levels, while physical demand outside the U.S. is falling sharply.
    “With year-end sales now available, data from the US Mint shows that cumulative silver coin sales reached 24.8 moz in 2023,” they said. “This represents a robust improvement year-on-year from 16 moz in 2022, though is still nearly 16% lower than the 10-year average.”
    The relative resilience of the U.S. market stands in contrast with other key markets around the globe. “Worldwide, physical investment in silver is estimated to have fallen by 21% year-on-year in 2023 to 263 moz,” they said, quoting the latest Silver Institute data. “Sales of silver bullion from the Perth Mint, which has been popular with German retail investors, contracted by 36% year-on-year to 14.9 moz, likely impacted by the VAT hike on coins in Germany.”
    The analysts also noted softening of the Indian market due to higher silver prices. “India’s silver imports were down 59% year-on-year, signalling that consumer demand is considerably lower in the higher-priced environment,” they said. “Inflationary pressure and central bank actions will influence physical retail demand in 2024, which, with ongoing geopolitical uncertainty, could see some safe-haven buying and a return to investment demand growth.”
    ------------------------------------------------------
    I am not a fan of the Royal Mint pricing or quality control but if RM are the only major mint not suffering from declining sales, it's not unreasonable for RM to hold the opinions they shared. Of course RM's opinion on milking is atrocious and it's a national disgrace
    On Maples and milking, I've noticed a fair few of my post-2018 Maples have milked, including 2022s and 2023s. From the RCM the Mintshield tech reduces and delays but doesn't eliminate milking:
    A proprietary technology developed by the innovative minds at the Royal Canadian Mint, MINTSHIELD™ is the world's first and only proven solution for reducing white spots on every Silver Maple Leaf bullion coin dated 2018 or later.
  3. Super Like
    HonestMoneyGoldSilver reacted to Paul in Ebay Gold & Silver - Any Good or Avoid Like The Plague?   
    I sold out over 2000+Oz silver through in 2021-2022 on feeBay sold out as individual Oz's separate items. Specific years and specific designs 
    I got far more than selling via forums or FB groups
    I had one chargeback only in that time, that I fought and won
    It's not all doom and gloom scams and rip offs. But I've been on eBay since 1998 and you get to know red flags that could trigger trouble
    Remember as a seller you can always cancel a transaction at your end and refund, if you are getting bad feelings that things ain't right or somethings off 
    Better doing this and finding a better buyer than risking things with a newbie or a condition tyre kicker 
  4. Super Thanks
    HonestMoneyGoldSilver reacted to monkey in SPACE INVADERS dropping A Hand Poured MOLTEN SILVER Arcade Icon!   
    Hi @Delphis
    This might help, when the next round of mold get printed, ask "the judge" to put some draft angle to the details so the sides are open to the mold (see image below). This should help the patter com out easier leaving all the sand in place.
    It would be worth experimenting with the draft angel to see what effects you get and whats the minimum you would need to use. The deeper the detail the more angle you would need. most detailing you would need a minimum of 3 degrees, The shallower the detailing the less angle you can get away with.
    Also with the 3D print, if it has ridges from the printing machine (and not smooth edges), the edges will grab hold of the sand when removing it and tear out.
    If you can tweak these points, you should get crisper detailing.
    Hope this helps 😉
     

  5. Haha
    HonestMoneyGoldSilver got a reaction from Silverman2U in ASMR Silver Smithing - 10,000 Subscriber GIVEAWAY Prize for @365DaysofSilver   
    The dude was hammering so fast he entered The Matrix
  6. Like
    HonestMoneyGoldSilver got a reaction from SALondoner in Could Your Bank CLOSE Your Account or Even Stop Your Mortgage Becuase You Bought Gold & Silver?   
    Hmm, interesting if somewhat concerning
    With gold there is no reason why a bank should have an issue buying or selling. Gold is the only Tier 1 asset in the world alongside USD and US Treasuries. Would the bank have a problem with you buying USD or Treasuries? One suspects not
    I'm more than a little suspicious when banks start interfering in gold purchases when previously they didn't. Not just for private sales or eBay but for registered bullion dealers and the oldest company in the UK - the Royal Mint. What possible reason has a bank to interfere in those trades? No legitimate reason. Are we supposed to believe that after more than 1,000 years the Royal Mint has suddenly decided to try its hand at fraud?
    If anything videos like this and the previous ones you've released have done nothing but encourage me to buy more gold. If my banks want to shut my accounts for buying precious metals they can go right ahead. I'll drain every penny and go buy more. I hate crypto but I'll use crypto before I let criminal banksters dictate to me what I can and cannot buy
  7. Like
  8. Super Like
    HonestMoneyGoldSilver reacted to monkey in My Bank Will NOT Let Me Buy Gold & Silver and I am NOT HAPPY about it!   
    Lovely collection of silver for today's video. It wont help with on line purchases, but it is wise to have a stash of cash at home if you need to get something in a flash, or settle a debt with someone face to face.
    I believe you will be much better placed then most in having some precious metals to hand to get yourself out of a cash fix.
  9. Like
    HonestMoneyGoldSilver reacted to Medus in My Bank Will NOT Let Me Buy Gold & Silver and I am NOT HAPPY about it!   
    Definetly worth keeping a little physical fiat at home, thanks for the heads up as hearing this alot when trying to access THEIR own money, along with 100 questions of why you want your own money !!
  10. Haha
    HonestMoneyGoldSilver got a reaction from monkey in My Bank Will NOT Let Me Buy Gold & Silver and I am NOT HAPPY about it!   
    Very suspicious "the algorithm" won't let you buy gold and silver
    I'm sure they'd let you spend it at HMRC or Amazon!
  11. Haha
    HonestMoneyGoldSilver got a reaction from monkey in ASMR Silver Smithing - 10,000 Subscriber GIVEAWAY Prize for @365DaysofSilver   
    The dude was hammering so fast he entered The Matrix
  12. Super Thanks
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