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jultorsk

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jultorsk last won the day on March 11 2019

jultorsk had the most liked content!

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About jultorsk

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  • Gender
    Not Telling
  • Location
    Australia
  • Stacker/Collector
    Both

My Precious Metals

  • What I am collecting / Investing in
    Australian sovereigns, vintage cast silver bars.

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  1. Super nice thread! 👍 Just today was watching as four ungraded ex-Douro Cargo sovs were auctioned off. In order below pics & hammer prices (incl. premium): 1879S £660, 1880S £960, 1881M £720 and 1881M £750. Would've been a challenge to pick a favourite! 😅
  2. OMG OMG OMG... 😍 Thank you @Numistacker - - - and THANK YOU @Marc for finding these for me. Beyond super pleased!
  3. 🤫 I'm probably missing something in this story; what are all these peoples going on about today..? The corollary to 2008 made more sense to me.
  4. More of the same from Reuters. https://www.reuters.com/article/health-coronavirus-swiss-gold/swiss-gold-sales-surge-as-wary-investors-snap-up-precious-metals-idUSL8N2BH5HM “We are in principle completely sold out. You can already say that,” said Philipp Bachofen, from Geiger Edelmetalle in St. Margrethen, close to the border with Austria. “In the last few weeks, it’s all about getting gold,” he said, adding there were many smaller customers buying smaller bars while the bigger customers tended to favour 250 gram bars. Supply has tightened as gold refineries in Switzerland reduce production. “This has brought additional stresses to the system,” said Andreas Habluetzel, CEO of precious metals retailer Degussa Goldhandel. “For us, the demand increased tenfold last week, but we have a stock of several thousand bars,” he said. “So I expect we will be the last to go out of business.”
  5. The plot thickens https://www.handelsblatt.com/finanz...html?ticket=ST-69761-62nqbMSgvZlN2vTq4eIb-ap3[Google Translate]The Swiss canton of Ticino has closed all industrial plants that are classified as "not critical" because of the corona virus. This includes three of the largest gold bar manufacturers in the world.According to the Argor-Heraeus company, production at the Mendrisio site will be suspended until early April. Valcambi in neighboring Balerna also wants to stop production by the end of March, as a spokeswoman confirmed. The Pamp refinery in Castel San Pietro is also affected.Estimates based on Swiss customs statistics show that around 70 percent of the gold mined worldwide is processed in Switzerland. Three of the five major Swiss ingot manufacturers are located in Ticino, the Italian-speaking part of Switzerland. Because of its proximity to the Corona crisis areas in Italy, the canton also introduced strict measures in the fight against the virus.As a result, the supply chains of the gold industry are likely to continue to be mixed up. Swiss bar manufacturers had to concede delivery bottlenecks last week because numerous employees live in Italy and cross-border traffic was extremely restricted. In addition, there had been delays in the value transports that German traders supply with gold from Switzerland.Numerous gold traders in Germany were therefore practically sold out last week or asked their customers to wait up to ten days. The premiums for bars and coins, i.e. the surcharge for physical precious metal compared to the world market price, had also increased significantly recently. Giovanni Staunovo, commodity expert at the Swiss bank UBS, expects both to get worse. "The premiums for physical precious metals will continue to rise."Because of the sell-off on the stock market, the demand for physical precious metals is high. Many internet shops were overloaded. Demand is also high internationally: the inflow into gold-backed index funds has recently reached a record level. But bars and coins are in short supply in Germany, Wolfgang Wrzesniok-Roßbach, precious metal expert at Fragold, also expects. "You can't get gold at the moment," he says.High premiumsThis is not only due to the bottlenecks in the Swiss refineries. The Australian coin, the state mint, also announced at the weekend that it would cease production. Wrzesniok-Roßbach assumes that the South African Rand Refinery, manufacturer of the Krugerrand, will also follow the example: "The production stop will then apply almost worldwide."How difficult it is to get gold today can be read on the websites of the major traders. Pro Aurum from Munich informed customers on Monday that the online shop would be closed by Wednesday and that only then would it be possible to deliver a "very limited" range.The reason for this is that the value logistics company Prosegur, which takes over deliveries of goods from 25,000 euros, has stopped deliveries to private individuals until further notice. Degussa Goldhandel also reports on its website that orders over 25,000 euros will no longer be accepted because the value transport to customers is not possible.The chaos in logistics and the bottlenecks have therefore driven up the premium in the few internet shops that can still deliver at all. In some products, these can sometimes reach 30 percent, according to Wrzesniok-Roßbach. He therefore currently advises investors against buying physical precious metals. In view of the premiums, the gold price must rise significantly so that the purchase at the current conditions does not turn out to be a loss. Instead, investors should wait until the situation on the physical precious metals market relaxes.The gold price is likely to rise in the medium term. In addition to the extremely loose central bank policy, the rising government debt also speaks for this. Low interest rates and protection against inflation are the main arguments for buying gold. From Wrzesniok-Roßbach's point of view, however, it is not worth falling into a buying panic when there is a shortage of gold and buying precious metal despite high premiums. As is so often the case on the financial markets, patience should pay off for investors.More: Germans hamster gold and push precious metal traders to their limits.
  6. RCM production is reportedly offline for the next two weeks at least may leave a dent to Maple supply. What about your thoughts on this Martin Armstrong note - can't believe it myself; has Armstrong completely lost the plot due to Corona? 😬 "Europe has directed bullion dealers not to sell to individuals." https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/europe-to-confiscate-gold/
  7. Not to discredit your message but in the Black Saturday bushfires there were 173 fatalities. It was a really, really bad situation with too many fatalities, injured, and massive loss of property (3500+ buildings lost,) however, arguable if it was on par with the tsunami / Katrina disasters. In Venezuela the citizens might have had some use of PM's; with the collapse of the bolivar currency PM's would have retained some value. Unfortunately it's also the gold they have that has kept the inept government afloat this long.
  8. Went to a random Lidl in Switzerland on Thursday... they're not making a fuss about it but quietly prepping. There are 21 reported cases in Switzerland, but of course close to north Italy.
  9. Just so happens I'm going to Vegas next month (if planes are still flying by that time).. so might be able to bring some over, if all else fails
  10. For US coins there's at least the PCGS Photograde(TM) - gives at least some idea on what the differences look like as a starting point. https://www.pcgs.com/photograde
  11. There is some chatter about a burnished looking 2010 ASE here, unfortunately nothing conclusive on the origins: https://www.cointalk.com/threads/burnished-2010-silver-eagle.284366/
  12. Thought to just give a quick follow-up on this - the rim-damaged sov (1886-S) sold for GBP460 (did not purchase it).
  13. Looking at this otherwise nice sov, unfortunately it has rim damage 1 - 2 o'clock. Obverse is flawless but reverse has this bit of flattened / filed(?) rim. Bad enough to be doomed to 'details' grade? Thank you for kind opinions.
  14. Got finally home last night... what a positive experience! Many thanks to my kind customers, the most welcoming ''colleagues' with tables (@BackyardBullion, @AgD, @Numistacker, @SovTracker and@InvestInCoins888), and all the fellow forum members who dropped by in the lounge. Had some good chuckles, and most of all got some invaluable information; lessons on grading and other hard-to-get advice (I'm now on the prowl for the Aussie sov variants @SovTracker tipped about, shhh...) 😁 Yep, Tyler sure had it coming with the lobster. Never play with your food, I says (instant karma). 🦞 Thank you @Numistacker, @SovTracker and @shawy2510 for very pleasant dinner company! 👍👍 Yours sincerely, 'Clive' 😅
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