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Abyss

Silver Premium Member
  • Content Count

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Everything posted by Abyss

  1. Beautiful coin shame about the scratches on the Queens face. Hopefully Perth Mint can provide you a replacement.
  2. Abyss

    Interesting

    Not taking into account further $0.10 cent lower Silver price today position stands at $92,000 loss. I believe the trader Anil Mangal has 70 lots size equivalent 350,000 oz Silver so every cent move equals $700. I don't know how to read Saxo Trade go statement but long $15.82 current price $14.40 loss £$1.42. 142 points x $700 = $99,400 loss. I only came across the Anil Mangal YouTube channel because I view lot of PM and trading oriented content. I have no idea what possess someone to take on any position in any leveraged financial product without a stop loss let alone that large position size @HawkHybrid. The trader is adamant never exit his Silver position and I know it is unlikely but Silver will need to move a further $5 down to $9 level for the trader to receive margin call and be forced out of his position.
  3. Abyss

    Interesting

    Anil Mangal trader who has a long position in Silver going to wipe his live account 500,000 Euros. As yesterday already down by $72,000 dollars before silver moved 30 cents lower. Anyone is unhappy about spot price of Gold/Silver just be happy holding onto the physical metals as oppose to leveraged futures contracts. https://www.youtube.com/watch?v=AEJhEYkYS0c
  4. Want more wait until received your initial order and then order some more repeat the cycle until have as many as you like. Unsure if they have cotton onto people ordering more than three sovs and have closed the loophole but in the past allowed some of us (I have nine 2019 sovs from Harrington & Byrne) order more than the limit using the same account initially registered with.
  5. Something I don't understand victim had his home safe in the living room. Who on earth would put a home safe in such a visible location. I hope victim get his PMs back and with him being Windows Cleaner most likely all his savings. Never put all eggs in one basket.
  6. Abyss

    Tsfbyb50

    I am planning on placing an order directly with European Mint sometime this year (depending on Gold/Silver spot price) but before placing the order I will ask for any discount for shipping as the Tsfbyb50 was used as part of the Silver Forums is no longer valid. Depending on the size of your order you never know they may offer you a discount. My advice drop them an email and ask able to offer better shipping rates before place the order or get out the calculator. European Mint very accommodative to win your business.
  7. What is a Dead Cat Bounce? "A dead cat bounce is a temporary recovery from a prolonged decline or a bear market that is followed by the continuation of the downtrend. A dead cat bounce is a small, short-lived recovery in the price of a declining security, such as a stock. Frequently, downtrends are interrupted by brief periods of recovery — or small rallies — where prices temporarily rise. The name "dead cat bounce" is based on the notion that even a dead cat will bounce if it falls far enough and fast enough." Copied and pasted from https://www.investopedia.com/terms/d/deadcatbounce.asp
  8. I don't own any shares/stocks but I have had a look at Sirius minerals today price 17.65 pence. Today jump share price 10% just dead cat bounce. Information available from my Broker (Interactive Brokers) Quick look at the charts from trading view (free to use). Weekly charts last impulse move down and monthly charts fast approach long term support trend line most likely broken and IMHO heading between 2 and 6 pence per share. Monthly Weekly
  9. Due diligence when buying home safe I had no idea opening electronic home safe was this easy
  10. First order about four working days but subsequent orders 2 to 3 working days.
  11. Examined all my Rwanda African Wildlife/Nautical series all in original manufacturing packaging keep in monster box with other tubes and coins in capsules. The monster box kept cool/cold place. Probably not the smartest thing having rubber bands around bundle of the same coin but makes life easier having same coins together in the monster box. After examining ever coin and the earliest coins date back to 2012 I cannot find any signs of toning or milk spots.
  12. Simply amazing craftsmanship and quality by @Alun Queens Beasts boxes received today. BYB video https://www.youtube.com/watch?v=8O_RxrpAGhw about Alan's work the photos below just don't do it justice. No prizes for guessing whats in the boxes it is a shame my 1 oz Gold QBs in a safety deposit box would been magnificent see them in Alan's QB box.
  13. Abyss

    How Low

    I have a graduate who I have trained working in IT same situation living at home saving the majority of his salary asked me similar question how should I save. At this age life so many future expenses from getting married/buying first home (something graduate inclined to do in the future). Advised save money in an ISA wait for the next recession be here in the next couple of years provided still employed buy residential property. Buying Silver/Gold locked away purchasing power for next 5 to 10 years and need to be in a financial position not need access to those funds. By all means buy small amount of PMs but not advise stacking at this age unless have bad impulses with money (i.e. cannot hold onto money and spend it on useless things). Someone living in the US because on average you can get closer to spot price in PMs more advisable stack and save in PMs when dealers have deals and via eBay bucks but still advise diversify in Gold and Silver.
  14. I have 60 silver coins from Rwanda African wildlife/Nautical series all in original OMP and I have not looked at these coins in long time. I will examine them all and report back tomorrow.
  15. Welcome to the Silver Forum.
  16. God of war series truly amazing and breathing taking silver coins produced by smartminting technology. Will silver ever get to parity with Gold i.e. 1 oz of Silver equals 1 oz gold then the best chance of that happening is by collecting Silver God of War series . Ares God of War on the secondary market is now selling as much as 2 oz Gold.
  17. You don't need to go far to find the pumpers of Gold Peak Gold? We’re In It Already Says Expert - Kitco NEWS - Published on May 3, 2019: https://www.youtube.com/watch?v=J0UBoYZIFGc ITM Trading - Published on May 1, 2019, 20 minutes into YouTube video Central Bank Highest Gold buying spree: https://www.youtube.com/watch?v=6akjkfpiaug Able to buy gold within 3% spot with money just sitting in current/savings account earning very little interest, relatively debt free and don't see changes in major life circumstances and have built up cushion six months salary in case you/partner lost your job then buying physical gold at current prices makes sense if your are planning and able to hold it onto for the very long term.
  18. Money was no object I would sort my stack similar to this
  19. Yes gold in US dollars will go lower the question is how much lower my guess $1225 and hoping GBP/US Dollar 1.4 work out £870 gold spot price in GBP.
  20. Everyone circumstances different I already have a safety deposit box so adding gold bullion to it was at no extra cost. When it comes to PMs I am still on fence that is why I have a fixed amount of Gold/Silver that I will purchase when the right set circumstances and opportunities present themselves (i.e. the price of the metal and into a series that has potential to increase in premium and protect any significant adverse movement in PM price). The fixed amount will act as both insurance policy and portfolio diversification.
  21. What baffles me is that this dealer has 14 more 1 oz Platinum QB Griffins available in stock why they simply could not swap the coin for another one. @BackyardBullion pays postage cost back to the dealer and the dealer pays postage costs once they received their damaged coin sending out another better quality coin to the buyer which seems like an equitable/fair easy resolution for both parties and I am sure BYB has tried to pursue this avenue to no avail. I find the entire situation unacceptable. Shame with Transferwise they don't get involved with disputes. https://transferwise.com/help/article/2402434/good-to-know/recalling-and-cancelling-a-completed-transfer Only other avenue I can think of is to contact European Consumer Centre Belgium deal with consumers who have a cross border contract that is now in dispute. https://www.ukecc-services.net/ECCBE.cfm
  22. https://www.royalmintbullion.com/Vat-Tax-Gold-Silver-Platinum-Bullion As I don't own any physical Platinum unaware VAT applicable. Another negative for physical PMs no level playing field in the UK with VAT applied to both Silver and Platinum the government distorting the market and keeping out investment demand that would have otherwise existed. Market distortion happening in Gold in India with GST/Import charges and if this was not the case there would be massive investment demand (instead just jewellery) in PMs. Scary truth is that zero chance that the average Joe Bloggs would have any chance of a resolution. You're a collector with free delivery offered by Royal Mint bullion (RMB) then it is an acceptable strategy to purchase Gold but if your investing in Gold you need to buy closer to spot than what RMB can offer. Buying Silver/Platinum in the UK for whatever reason due to VAT not advisable as the spot price would have to increase by 20% to just break even.
  23. To get decent price from the Royal Mint directly you need to buy 500+ coins (this with their 25% off on premiums on the QB series) and not feasible spend £387k on Platinum to bring down average cost per coin hence buying from European Dealers. The real underlying problem not enough competition/dealers in the UK to bring about prices offered by some of the European Dealers. I was hoping this would change with Brexit and free trade deal with the USA.........
  24. Just seen the video and anyone who is an active member of the Silver Forum will immediately know which dealer you have purchased this from as there has been many comments on this dealer in the forums in the past. This has to be one of the negative aspects of buying/collecting/investing in PMs. All premiums can easily be wiped out if you have a damaged coin and any future premium appreciation will most likely be lost as a result as well. I can only accept it's just bullion if you have purchased PM at spot or a couple percent above spot. Absolutely absurd and beggars belief for any dealer to sell PM significantly above it spot value with associated premium appreciation in this condition. Some coins that I would like to buy namely from provident metals in the USA and found a dealer in the UK who will sell these with larger lead time (happy to wait) so I can avoid the dealer the one that shall not be named in the future. This is the same shipment that the FedEx guy screwed up wow talk about when it rains it pours. Sorry you have had bad experience all I can say many people purchased (including myself numerous times) from this dealer and we have been lucky so far.