FoolzGold

GSBe has them at around 90% over spot. Griffins are listed at 3x spot though, so you should count yourself lucky that you don't need those.

For some reason this reminded me of a character in Mario Kart 8...

On 06/04/2021 at 20:00, Pampfan said:

Rhodium is close to $30,000 now.  What a crazy ride in this precious metal.  Where will it end up?

So with Rhodium apparently going down in flames I have to ask the question "what's up?"

In 5 months it's dropped from what seemed to be a fairly stable $25k/oz down to $15k/oz, and has now plunged below $10k. Anyone know the story behind this?

The gold and platinum tigers are superb - a really strong series so far that's become my post-Queen's Beasts series to collect.

The silver tiger is a bit too Disney for me, which is a shame, but I'll still pick one up to keep up with the series.

GSBe has them in now at 740 Euros:

https://goldsilver.be/en/miscellaneous/3847-niue-10-oz-silver-star-wars-mandalorian-bar-2021-20.html

Interesting question: If you buy one of the 10oz bars for 740 Euros today, or 21 of the 1oz bars for the same money, which will be worth more in 2 years' time? Who can say, but personally I'd be tempted to go the 1oz route.

For 795€ you could buy 2 10oz Queen's Beasts White Horse coins (309 each at GSBe) and have 177€ left over to buy another 5oz or so of bullion silver coins. Will those 25oz of silver be worth more than the 10oz Beskar coin-bar in a couple of years? Who knows?

2 hours ago, dikefalos said:

EMK prices the 10 OZ for 795€, the 1 OZ for 40. Maybe this is real Beskar and no silver.

Pretty bold pricing by EMK. It was 348 Euros on EuropeanMint a couple of days ago, then 377, then 423, then 473 Euros when they had 2 left.

Difficult to believe GSBe hasn't got an allocation of these, especially given their Perth Mint connections.

Listing photos of the bullion versions of both the silver and platinum coins seemed to show them with a very dull finish but I had assumed this was just an artifact of the photography. However the photos above seem to show that they really do look this way in real life.

Now I realize they're obviously not supposed to have a proof finish, but in my experience most bullion silver and platinum coins actually have an extremely bright polished finish. It seems like the SA Mint has gone out of their way to give these BU coins a spectacularly dull matt finish.

I was planning on buying the platinum bullion Leopard when it became available but I'm crossing this off my wish list now.

Apparently they have released a bullion version of the platinum elephant at least, although I can't seem to find any concrete reference to any planning on the release of bullion versions of the series, or any details such as mintages. Does anyone have any clear information on their plans for this - e.g. will there be a bullion version of each coin released 6 months after the proof version?

The leopard is a beautiful design but I struggle to convince myself to pay so much for an oz of gold or platinum just because it's really, really shiny. Proofs are just not my thing.

Wow, that's the first time I remember hearing of a major producer abandoning a series of coins altogether. Sales must have been truly abysmal for them to completely give up on them.

I quite liked the horse - a stylized image with a definite Chinese feel to it - and assumed that they would extend that theme to the rest of the series but instead they went with a totally different image style for every single coin.

The sheep was pretty weird, the pot-bellied monkey ugly, the rooster okay-ish, the dog was a crazy cartoon, the pig was horrible, and the rat was the stuff of nightmares. Not so much a series of coins as a series of nightmarish random flashbacks.

That said, in retrospect the crazy cartoon dog is by far my favourite of the 'series'.

17 hours ago, zhoutonged said:

I will show my hand FG, I bought 5oz at the bottom meaning to get 10 but the market just kept moving away from me. I chopped in two ounces just before Christmas and I'm thinking of selling a further ounce to put into Pt. However Im keeping the other 2 back for a proper spike. If you want to buy an ounce for spot "offer" let me know otherwise a good way to get exposure might be a rhodium ETF which deutsche bank offer. Rhodium sort of reminds me of bitcoin back in the day, not a lot to go round and big moves when buyers appear. Buyers are the motor trade BTW. Other uses include bullion, plating white gold and I believe electronics to a small extent, however it's as a catalyst where this rare as rocking horse chit metal gets its value.

I think I'd be taking a similar approach if I'd had 5oz of Rh - selling some at these high levels but holding a little back for possible continuing climbs. I certainly don't think I'd hold onto it all - just too much risk of missing out before an eventual drop.

At this point I still find Platinum tempting. It's never going to reach Rh levels clearly, but it seems to me that it could surge to Pd levels eventually (close to doubling its current level). Probably just wishful thinking on my part.

Thanks for the answers people. I hadn't fully understood the roles of the different PGMs in catalytic convertors.

A question for Pampfan (as official forum cheerleader for rhodium 😉) - As I understand it, back in around 2005 to 2008 rhodium climbed rapidly from around $1,000 to highs of close to $10,000/oz. This made it economically nonviable for catalytic convertor use, causing manufacturers to switch to less efficient but much cheaper alternatives such as platinum and palladium and leading to the price of rhodium collapsing back to around $1,000 over a very short period of time.
Now over the last 3 to 4 years the price of rhodium has climbed again, following much the same curve as it did before, and looks to be heading for a similar level of close to, or perhaps beyond, $10,000/oz.
While there's probably still some upside to be had right now as the price continues to climb, is there any reason to think that the end result will be different this time to 2008? Why would manufacturers stick with rhodium at $10,000+/oz when they could switch to platinum at under $1,000? Has something changed significantly in the last 10 years?

Always feels like it's worth reviving this thread when gold climbs to a new high. 

As a reminder :

April 2017 - guy joined forum and asked for advice on which coins to buy. Following the excellent advice of the users here he bought:

3 x Britannia (2016, 2017)
1 x Queen's Beasts Lion
2 x Queen's Beasts Dragon
2 x Queen's Beasts Griffin

November 2018 - without asking anyone's advice he panicked and sold them at melt price (maybe £930/oz) to Atkinsons, who turned around and sold them on their site for £1300+ each.

Value today? Spot price around £1250/oz, roughly 35% above the spot price at the time he panicked. Resale value of those QBs? Probably at least 30% higher still. I'd say he'd have been looking at maybe 75% more today on those QB's than he sold them for 9 months ago.

Quote: "I'm just glad I got out of it before I lost even more."

It can definitely be painful paying over the odds for one of the earlier coins but if you put it into perspective many people are happy to pay similar premiums on fairly large run bullion coins.

Case in point: 2oz silver QB Griffin on GSBe now is 55.97€, or 27.99€/oz

The new Perth Mint Simpsons 1oz Homer Simpsons "D'OH!" coin is priced at 26.18€. It's limited to 25,000 but that's still a bullion coin.

11 hours ago, dicker said:

Forget the Hurd and just do the opposite.

Good advice, but even if you want to, who can forget The Hurd?

1 hour ago, Bdean316 said:

13.1%  by my maths 🤓

Sorry, miscalculated. Not used to looking at GBP prices. 😕

So that's the two dragons being sold at 14% over spot. The lion is going to go for over 20% and the 2 griffins probably more like 30%+ over spot.

Only just seen this thread...

So back in April 2017 @Glorfindel came asking for advice on what gold bullion coins to buy, was offered great advice as far as I can see, and bought some great long term investment coins.

I note that @Lea79 made the specific note that the best coins to buy depended on "what your exit strategy is", noting that if you intend to sell to a dealer you should buy the cheapest coins. Seems that this advice was ignored... but I digress.

Anyway, since the purchases were made around about 14 April 2017 the gold spot price has dropped from around £1026 to £968 or so on Friday, a fall of around 5.65%.

However, the value of those Queen's Beasts coins that were recommended buys has gone up dramatically in the meantime.

A Griffin bought back then probably cost 5.5% over spot, so around £1,082. Today the same coin is sold by dealers at 50+% over spot. A link earlier in the thread showed one well-known dealer in Germany offering 29% over spot to buy Griffins. That's £1249 for a coin he probably paid £1082 for - a 15% gain in gain in 20 months. 💰

There's a lot to be learned from this experience but the takeaway should be you sought advice before buying, were given good advice, made a good investment, were making a healthy profit overall from your investment, then panicked and - without seeking advice about selling - sold it in the wrong way, turning a guaranteed profit into a loss.