kimchi

16 minutes ago, Petra said:

😮oil! £££ please on here🤔

What's oil got to do, got to do with it?

What's oil but a second hand crustacean?

£1860.25

3 minutes ago, Roy said:

Is now a good time to enter the stock market though?

(Not me!)

I got out a while back, isn't it the big seven or eight propping the whole thing up?

10 minutes ago, HonestMoneyGoldSilver said:

The Pearson's correlation coefficient (r) measures the strength and direction of the linear relationship between two variables (the prices of gold and silver). A correlation coefficient of 0.7 to 0.85 indicates a strong positive linear relationship between the two variables, meaning that as the price of one metal (gold) increases, the price of the other metal (silver) tends to also increase and vice versa

Many thanks! You could have left it after the first sentence tbh, I am not completely supine stupin d**k turpentine dumm you know! 

21 minutes ago, HonestMoneyGoldSilver said:

The Pearson's r coefficient between gold and silver ranges between a moderate and very strong positive correlation depending on the period in question. In general terms:

Wassat for those of us who are not rocket surgeons?

Just now, Dankanugget said:

1650

Well, that was a 'bit of a drop' in ten minutes 😮

9 minutes ago, MickB said:

I remember when I bought a Queen Vic jubilee head sovereign for £250 thinking that was expensive a few years back. You end up wishing for those days again.

I remember when sovs broke £200 and some people on here panicked and started selling.

I also remember when we all 'revolted' a few years later because a certain bullion dealer put the modern India Sov (assayed) up from £250 to just over £300 (@cobrastacker may be of interest to you bud).

And, who can forget 'Harrington and Burn'? 🤣

20 minutes ago, AaaGee said:

Was funny money. Just a PR stunt.

If so why did they immediately delete their entire back catalogue? No-one could buy their (suddenly very much in demand - that stunt and others made them famous) back catalogue after that, and so they didn't earn a penny (from sales). It's a rhetorical question, largely, just meant to make folk think

Anyway! Back on topic!

1 hour ago, theman73 said:

The government know that a man without family have no desire to revolt having nothing to protect.

The more rainbow crosses the merrier...

£1867

9 minutes ago, stackspot said:

Interesting point   I hadn't heard that one before👍

The man with no family who hasn't crossed the 'rainbow bridge' has absolutely nothing to lose...

1 hour ago, Roy said:

Are these the fellas that allegedly set fire to £1,000,000?

Hampstead Heath maybe 🤔

The moors I think, but yes, 'weird' chaps!

Note they didn't burn their gold or silver, 'just' worthless paper...almost prophetic...or just plain crazy?  🧐

2 hours ago, BullionBuyerUK said:

How did you know that was the crystal meth and not ice cream? 👀

Yes, looks like the 'sprinkles' we get at my local ice cream place 🤔

Mind you, we always enjoy them and have a lot of fun after, even if things sometimes get a bit surreal!

15 minutes ago, MBTPSilver said:

I'm not aware of any dealers that actively report transactions. We are legally required to verify customers under the VAT-free investment gold notice, section 7, records to be kept - https://www.gov.uk/guidance/gold-acquisitions-imports-investments-and-vat-notice-70121#sect7

If HMRC/police come to a dealer with the proper data access request the dealer will then hand those details over, but no dealer should be going to HMRC etc at the end of each year and giving them a list of all the transactions etc. There are also AML and KYC bits that help protect the dealer and customers, but again don't require pro-active reporting.

Isn't the time limit for keeping records six years?

5 hours ago, JamesH said:

This is great to read. Surely, this is what it’s all about. Another generation discovering a grandparents collection and enjoying learning all about it. Hopefully doing well out of it as well but nice to read stories like this that aren’t just about accumulation of wealth 👍🏼

Absolutely! A story like this is priceless (and unless desperate for funds may I suggest this inheritance is too?)!

Someone joining up to properly catalogue and research their dear late grandfather's beautiful collection (giving it a second appreciative run through the family)?

Brilliant!

1 hour ago, ant1882 said:

Soup! Luxury! 

In my day it was ramen noodles.

It were gravel in my day, room temperature IF YOU WERE LUCKY. And that were after working a 27 hour shift per day down't mine, being dragged for miles by a dead horse over hill and dale (I am sorry for that btw Dale), being hung drawn and quartered, and that was before your ma disemboweled you so she could cook up some stew for the rest of the family.

Luxury!

£1922 odd.

25 minutes ago, Roy said:

I took the family to Harry Ramsden's on Bournemouth seafront. s****. Never again.

Gold price unchanged 😉

They were bought out years ago, even closed the original one near Leeds (Ilkley - ?)

41 minutes ago, fehk2001 said:

Happy birthday 

all sold 

Never mind that, how is ED???

3 minutes ago, ZRPMs said:

That'll be Met prices

It's free if you work for the Met

On 30/11/2018 at 21:18, Glorfindel said:

It was actually supposed to be a store of wealth for 4-6 years and a hedge against the next  crash, so maybe not that long-term compared to most of you. Calling it an investment is wrong, I shouldn't have said that - I'm not sure gold actually qualifies as a proper investment. I'm just glad I got out of it before I lost even more.

And @silenceissilver with respect, I do not take financial advice from a guy filming a video in his car. 

Timeframe spot on so far too 😮 

10 minutes ago, ABW246 said:

@kimchi Thank you. I have started keeping my eyes peeled as you say, but because I'm so inexperienced I don't have the confidence in some avenues on the internet. It will come with time, but thank you again and best of luck.

Just as James said, if in doubt just ask

6 minutes ago, theman73 said:

3 Robocop sold

Good price, very nice coins

Good tips on gold here! Keep your eyes peeled for an opportunity, it really is a buyers market atm, from very trusted sellers too.

The squeeze on gold premiums is true for a lot of silver too at the moment, plus some would argue price has not shown what it can do yet. It's certainly a sensible insurance imo at this price.  

I watched a video today (OK it was the US where stacking is more popular) and a man was making his first PM investment and going for silver because gold is 'too expensive' - I expect we'll see much more of this (but on the private market, not from dealers with the VAT).

It's also a cheap way to look at some different coins without having to worry about CGT so much (although if you go large of course go for British). Just two listings I've seen in the last day are Jackflash I think selling a nice mix of coins at £26 each, and @fehk2001 selling some really nice bars at £27 (not sure if any left). I was very tempted by both, and sure there are many other great listings, but for weight (rather than quality!) went for the newest Royal Mint Myths and Legends coins myself at just over £25 delivered. Can't go wrong imvho with any of these!

4 hours ago, fehk2001 said:

PM- EDEDEDEDED

 

3 Left 

ED is DED? 😮

Who will sell nice Asian ladies windscreen wipers and screenwash now?

Goodbye ED ☹️

13 hours ago, fehk2001 said:

ICQ era to Microsoft messenger era use these a lot , add my ICQ if you like the number is 99888333 😁

I remember meeting nice Korean ladies on ICQ 😇

I met one today in Halfords but (50/50 chance!) guessed she was Japanese, big mistake...

Lovely bars, great price

I think the first three in proof were quite lovely and not that high a mintage?

Who would buy this? Dreadful.

4 hours ago, HonestMoneyGoldSilver said:

Yep - stackers and personal buyers are not the driving force behind gold appreciation

If gold was going up due to consumer demand then the premiums would rise to match. What's happening is gold is being pumped by central banks and money managers hoovering up the available physical for long-term storage. Like you said the ordinary consumer isn't willing to pay the same premiums on top of spot when gold price is high

As well as other points mentioned, some folk with gold stored at dealers are cashing out to some degree (and the sum is very big, even for very big dealers). This isn't the dealers' routine business flow and if they can take profit now (or even get rid of this surplus) they will. Once there is a 'new normal' (that phrase rings a bell!) premiums will follow as soon as dealers can get away with them.

1 hour ago, HonestMoneyGoldSilver said:

It's the not milking that does it for me

It's far, far more than that...Kooks are well prized, and so they should be!