Abyss

I've still not seen any analysis of what happened on Friday (other than gold went up a lot and then went down a lot!).  The sell-off seems even stranger when you are expecting Iran to retaliate over the weekend (which it did).  Part of the sell-off could have been computer generated when the price hit a certain level, thus pushing it down further, but the mystery remains, who initiated the price smack-down?

These are my charts of Gold on the 1 hour and the selling was not normal price action.. Normal price action clearly see on the charts for Gold back and forth... $90 smack down in price in less than 4 hours......

2021 Queens Beasts Completer. Perfect Coin. PCGS MS70. 
Populations:

Item: As Listed
Price: £3000 Delivered
Condition: Slab in good condition. Small chip on the back. See photos and decide. 
Postage: RMSD by 1pm
Payment: Bank Transfer. No Returns. 

These are my charts of Gold on the 1 hour and the selling was not normal price action.. Normal price action clearly see on the charts for Gold back and forth... $90 smack down in price in less than 4 hours......

Started seriously stacking/collecting gold just over 3 years ago and breached the 1KG level late last year. The forum has been a massive part of this journey, @ChrisSilver I thank you for creating the community and the work you put in daily to cultivating a thriving environment, long may it continue. Started with silver, then moved onto bullion gold and proof coins thereafter. There's also a bunch of others to thank for the help, guidance, advice, encouragement and inspiration to make it to this point (I'm sure I've left out a load of other peeps):
@Clockpuncher @Abyss @SilverMike @richatthecroft @Jaconet @Roy @Elements @Spectre77 @BarryWoods @Alun @Tn21 @James32 @cliveb13 @sovereignsteve @DevonNumismatic @Spence098 @StackSellRepeat @1stsovereign @LiquidMetalsUK @CadmiumGreen @1817Karl @AndrewSL76 @Sparrowlegs4 @Shinus73 @terakris @kneehow2018 @Neelam @Stuntman @dicker @jultorsk @DynamitesUK @BackyardBullion @Spanishsilver @Stu @Paul @PapaLazarou @CoinStruck @westminstrel @trozau @DarkChameleon @Britannia47 @Petra @foinikas @Pete @RDHC
With the lovely weather of the bank holiday weekend I felt like sharing my collection so here it is. I took a load of pretty pics before putting everything back in lock up. I think I've accumulated a decent collection. I have a few outliers that I'll most probably sell on the forum at some point which are not part of below so keep a look out. I also may part with the bullion Britannia set (feel free to drop me a message if you're interested).
What next? I feel I have enough from an investment portfolio for now but I may start to pick up a few key older sovs, we'll see. Let me know what you think and thanks to you all again:
________________________________________
 
The 12 bullion special design Britannia's, available for one year only

 
The 4 Philip Nathan special design 1oz Britannia's + 2014 Jody Clark 1oz Britannia all PF70

 
The 10 modern sovereign special designs available for one year only all PF 70

 
The 1989, 2012, 2016, 2022 and 2023 sovereign sets all in PF70






 
The 3 special design Strike on the day Sovereigns (2017, 2022 and 2023) all in MS70

 
The 3 Royal Mint limited edition special release Royal Mint coins (After the silent auction debacle I will give the 2023 matte proof set a miss)
2021 2oz Queens Beast Completer PF70 (my prized possession 😍) 2022 Piedfort Pattern Platinum Jubilee Plain Edged Sovereign PF70 2023 2oz King Charles Coronation PF70 MATTE

He should come back to share the ATHs joys of this week 

https://www.politico.eu/sponsored-content/the-gold-treasure-of-national-bank-of-romania-that-was-sent-to-moscow/
 

I had an interesting conversation with the lady at the Post Office when posting a five gram gold bar SD to another TSF member earlier today.
She asked me what was in my package. I lied and said it was a legal document but it was obvious from the shape of the package it wasn't.  I complained that it was intrusive of the Post Office to insist on knowing what's in every package (if it's not a prohibited item) and that people might prefer to lie about the contents rather than disclose what they were sending if it was valuable as disclosure might increased the risk of the package being stolen in transit.  She made it clear that if you do not disclose what's in the package your sending the Post Office's insurance cover will not apply in the event of a claim.
I have checked the Post Office's terms and conditions on this and she is right.  You have to disclose what you're sending if you want the SD insurance cover to apply.

2023 -  1oz Gold Britannia 
 
Selling at Spot + 1%  £1640 posted
 
 
 

I started buying gold over 20 years ago but have only charted value for 20 years.
In that 20 years, gold has had an average increase of over 9% - that's more than any other global index I follow.
Given that fact, I don't feel the need to study it any deeper other than buying dips; although IMHO any 2024 dip will be very modest when compared to 2023 fluctuations - but I've been wrong before.............

Are we sharing charts, please sir can I share my charts? I have the 1 hour chart of Gold as part of my list of instruments that I pay attention to all the time. Sometimes I go into the higher time frames only to reinforce my belief that Gold has a lot higher to go over the next 2-10 years. My current long term analysis (looking at the monthly chart) broke above all time high $2080 was rejected. Have three months downside potential (end of March 2024) then if these monthly candles have not broken below $1820 then we could have another attempt and breaking and clearing the all time high in which case my price target would be $2800 in the next two years (measured move from the impulse up). We could also have another attempt at the all time high and fail in which result prices moving between $1660 to 1760 over the course of the year. Establish support at these level then my price target would be $2575 but would take more time to achieve (5 years). This is the problem with technical analysis is that the data is always changing and your analysis has to change with it. Have a constantly moving target both at the price and time axis. I personally would love lots of turns and twists testing this level and that level on the hourly chart.
I am telling you it is impossible to predict with accuracy the long time chart of any financial instrument. The Gold chart is showing you it has lots of upside potential and as a result I will be holding onto my physical gold (for investment, safety, peace of mind it provides) into the long term. I want to see likes of CNBC, CNN, BBC talk about Gold hitting $3,000, visit my local hairdressers and hear the conversation that he bought some gold and so has some of his patrons. I will then know it is time to sell my physical Gold and move into other assets.

Thank you, I think I understand the cost averaging concept a lot better now. Listening to everyone here has definitely changed the way I'm thinking now. But it still doesn't make me want to buy without delay, I want to be more like Harry carefully choose my moments and end up half a million richer than Amanda. 😜

3 oz Gold 1.8% above spot from Chards Gold 1 oz Britannia Bullion Coin - Minty total price of £4,907.85 plus postage
https://www.chards.co.uk/gold-britannia-coin-minty/12650
Job done.

3 oz Gold 1.8% above spot from Chards Gold 1 oz Britannia Bullion Coin - Minty total price of £4,907.85 plus postage
https://www.chards.co.uk/gold-britannia-coin-minty/12650
Job done.

3 oz Gold 1.8% above spot from Chards Gold 1 oz Britannia Bullion Coin - Minty total price of £4,907.85 plus postage
https://www.chards.co.uk/gold-britannia-coin-minty/12650
Job done.

This is sad and as a seller this situation is always at the back of my mind when posting anything of value out. 
This is why I do not mind if it takes an extra day yo arrive, the most important is that it does arrive.
Hopefully it will turn up as money can  not replace the lost ring.
https://www.thisismoney.co.uk/money/article-12968675/Royal-Mail-lost-3-000-gold-ring-SALLY-SORTS-IT.html

@Kitalon I am in the exact boat you have describe my stack is exclusively has only 1 oz Gold coins. I had sovereigns and even some 1/4 gold coins but eventually sold them all. As for quickest liquidity option for 1 oz Gold coins all you have do visit Chards/Atkinsons see which dealer offers the best buy back rate. You will find if you were to buy a single coin from a bullion dealer and then upon delivery decided to sell back to the same dealer you would lose on average 3% plus postage cost for (to & from) the dealer provided spot price not changed significantly. Reduce these costs even further purchased from reputable Facebook groups/the forum itself. I have also taken 1 oz Gold coins and exchanged them for several percent over spot in India. Already had safety deposit box to me it made sense to stack 1 oz Gold coins due to the convenience of storage (fit 10 into a single Royal Mint tube), the lower premiums (both buy/sell) and the high liquidity of 1 oz Gold coins.
But in the end have you ever held a 1 oz Gold coin? I remembering holding mine and it was very special moment and I knew if I was to buy Gold this was the form factor that made the most sense to me and still does......

Million dollar question the future asset price of a financial instrument into the future is inherently uncertain especially in the current technological time living in today. I have been following the Tesla story / Optimus Gen 2 robot and the improvements made over the last three years from a man in a suit to the current technological state of the general purpose Tesla bot is unbelievable. A recent webcast with Sandy Munro (automotive engineer who specializes in machine tools and manufacturing) given unprecedented access to the Austin gigafactory during the release of the Cybertruck stated Tesla bot will be in useful production roles on the shop floor in the gigafactory by the end of this year. I believe by the end of the decade Tesla will be selling a general purpose robot first to businesses and then to consumers.
If this is the case then you have to ask yourself the major ramifications of a 30 trillion dollar labour market being disrupted by AI/general purpose robot. What will major UK home builders be selling a house for in 2030 when they have replaced all the bricklayers, joiners, plumbers and plasterers with Tesla bot that works 24/7 charges on cheap off peak electricity and not part of any union, does not require wages, holidays pensions and never reports in sick?
What will be the price of a barrel of oil, tonne of copper, an oz of Gold when the major mining/refining companies able to buy a Tesla bots and significantly increase production and at same time significantly reduce labour costs? Ramifications of what about to happened in the next six years (IMHO) is food for thought.
 

Congrats mate
only downside is
 You in 10 years

Good afternoon all, firstly thank you for this forum, i've been enjoying my last few days reading through threads and learning from you all. Looking forward to learning more in time. 
I'm excited as my first purchase came today, I started with a 1g bar purely for low entry point and I just couldn't wait to get something to start my journey. Plus I like them. 
I just had to tell someone and I know that you guys will understand my excitement. 
Looking to add each month, likely start with half sovereign's. 
 
Have a good day! 

@Kitalon I am in the exact boat you have describe my stack is exclusively has only 1 oz Gold coins. I had sovereigns and even some 1/4 gold coins but eventually sold them all. As for quickest liquidity option for 1 oz Gold coins all you have do visit Chards/Atkinsons see which dealer offers the best buy back rate. You will find if you were to buy a single coin from a bullion dealer and then upon delivery decided to sell back to the same dealer you would lose on average 3% plus postage cost for (to & from) the dealer provided spot price not changed significantly. Reduce these costs even further purchased from reputable Facebook groups/the forum itself. I have also taken 1 oz Gold coins and exchanged them for several percent over spot in India. Already had safety deposit box to me it made sense to stack 1 oz Gold coins due to the convenience of storage (fit 10 into a single Royal Mint tube), the lower premiums (both buy/sell) and the high liquidity of 1 oz Gold coins.
But in the end have you ever held a 1 oz Gold coin? I remembering holding mine and it was very special moment and I knew if I was to buy Gold this was the form factor that made the most sense to me and still does......

@Kitalon I am in the exact boat you have describe my stack is exclusively has only 1 oz Gold coins. I had sovereigns and even some 1/4 gold coins but eventually sold them all. As for quickest liquidity option for 1 oz Gold coins all you have do visit Chards/Atkinsons see which dealer offers the best buy back rate. You will find if you were to buy a single coin from a bullion dealer and then upon delivery decided to sell back to the same dealer you would lose on average 3% plus postage cost for (to & from) the dealer provided spot price not changed significantly. Reduce these costs even further purchased from reputable Facebook groups/the forum itself. I have also taken 1 oz Gold coins and exchanged them for several percent over spot in India. Already had safety deposit box to me it made sense to stack 1 oz Gold coins due to the convenience of storage (fit 10 into a single Royal Mint tube), the lower premiums (both buy/sell) and the high liquidity of 1 oz Gold coins.
But in the end have you ever held a 1 oz Gold coin? I remembering holding mine and it was very special moment and I knew if I was to buy Gold this was the form factor that made the most sense to me and still does......

@Kitalon I am in the exact boat you have describe my stack is exclusively has only 1 oz Gold coins. I had sovereigns and even some 1/4 gold coins but eventually sold them all. As for quickest liquidity option for 1 oz Gold coins all you have do visit Chards/Atkinsons see which dealer offers the best buy back rate. You will find if you were to buy a single coin from a bullion dealer and then upon delivery decided to sell back to the same dealer you would lose on average 3% plus postage cost for (to & from) the dealer provided spot price not changed significantly. Reduce these costs even further purchased from reputable Facebook groups/the forum itself. I have also taken 1 oz Gold coins and exchanged them for several percent over spot in India. Already had safety deposit box to me it made sense to stack 1 oz Gold coins due to the convenience of storage (fit 10 into a single Royal Mint tube), the lower premiums (both buy/sell) and the high liquidity of 1 oz Gold coins.
But in the end have you ever held a 1 oz Gold coin? I remembering holding mine and it was very special moment and I knew if I was to buy Gold this was the form factor that made the most sense to me and still does......

@Kitalon I am in the exact boat you have describe my stack is exclusively has only 1 oz Gold coins. I had sovereigns and even some 1/4 gold coins but eventually sold them all. As for quickest liquidity option for 1 oz Gold coins all you have do visit Chards/Atkinsons see which dealer offers the best buy back rate. You will find if you were to buy a single coin from a bullion dealer and then upon delivery decided to sell back to the same dealer you would lose on average 3% plus postage cost for (to & from) the dealer provided spot price not changed significantly. Reduce these costs even further purchased from reputable Facebook groups/the forum itself. I have also taken 1 oz Gold coins and exchanged them for several percent over spot in India. Already had safety deposit box to me it made sense to stack 1 oz Gold coins due to the convenience of storage (fit 10 into a single Royal Mint tube), the lower premiums (both buy/sell) and the high liquidity of 1 oz Gold coins.
But in the end have you ever held a 1 oz Gold coin? I remembering holding mine and it was very special moment and I knew if I was to buy Gold this was the form factor that made the most sense to me and still does......

@Kitalon I am in the exact boat you have describe my stack is exclusively has only 1 oz Gold coins. I had sovereigns and even some 1/4 gold coins but eventually sold them all. As for quickest liquidity option for 1 oz Gold coins all you have do visit Chards/Atkinsons see which dealer offers the best buy back rate. You will find if you were to buy a single coin from a bullion dealer and then upon delivery decided to sell back to the same dealer you would lose on average 3% plus postage cost for (to & from) the dealer provided spot price not changed significantly. Reduce these costs even further purchased from reputable Facebook groups/the forum itself. I have also taken 1 oz Gold coins and exchanged them for several percent over spot in India. Already had safety deposit box to me it made sense to stack 1 oz Gold coins due to the convenience of storage (fit 10 into a single Royal Mint tube), the lower premiums (both buy/sell) and the high liquidity of 1 oz Gold coins.
But in the end have you ever held a 1 oz Gold coin? I remembering holding mine and it was very special moment and I knew if I was to buy Gold this was the form factor that made the most sense to me and still does......