Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

Abyss

Silver Premium Member
  • Posts

    1,536
  • Joined

  • Last visited

  • Days Won

    19
  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Haha
    Abyss reacted to BLOOMMAN101 in Newbie with first purchase (I had to tell someone)   
    Congrats mate
    only downside is
     You in 10 years

  2. Like
    Abyss reacted to Hangryjock in Newbie with first purchase (I had to tell someone)   
    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! 



  3. Super Like
    Abyss got a reaction from HonestMoneyGoldSilver in Liquidity: Have 1oz coins had their 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......
  4. Like
    Abyss got a reaction from ZigZag in Liquidity: Have 1oz coins had their 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......
  5. Like
    Abyss got a reaction from PaulET in Liquidity: Have 1oz coins had their 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......
  6. Like
    Abyss got a reaction from Brit2023 in Liquidity: Have 1oz coins had their 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......
  7. Like
    Abyss got a reaction from JohnA1 in Liquidity: Have 1oz coins had their 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......
  8. Like
    Abyss got a reaction from jultorsk in Liquidity: Have 1oz coins had their day?   
    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.
     
  9. Super Like
    Abyss got a reaction from Aldebaran in Liquidity: Have 1oz coins had their day?   
    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.
     
  10. Like
    Abyss got a reaction from Kitalon in Liquidity: Have 1oz coins had their day?   
    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.
     
  11. Like
    Abyss reacted to ArgentSmith in Liquidity: Have 1oz coins had their day?   
    Spread on 1oz gold generally less than Sovs if buying here and selling to a dealer. Just from my observations.
  12. Like
    Abyss reacted to Uksilverstackers in Liquidity: Have 1oz coins had their day?   
    $695 an ounce in 2007.....
    $100 an ounce in 1973....
    Historical Gold Price
  13. Haha
    Abyss reacted to Fenlander1 in Liquidity: Have 1oz coins had their day?   
    1oz coins are like pringles once you pop you just can't stop
  14. Haha
    Abyss reacted to Ted1945 in Liquidity: Have 1oz coins had their day?   
    speaking from experience
    When you get old you’ll appreciate the bigger coins 
    easier to see the detail of the designs and find  them
    that is of course if you can remember where you put them in the first place 
     
     
  15. Like
    Abyss reacted to Stuntman in Liquidity: Have 1oz coins had their day?   
    If you're stacking bullion rather than collecting it, base your exit strategy on selling it all to a dealer.  Then anything you get above that via other routes is a bonus.
    Dealers can, and will, buy huge amounts of gold in one go.  I doubt that even (say) Abyss's stack would make (say) Chards or Atkinsons think twice about buying it all in one go.
    So I'd say buy and stack what you like, whether it's 1oz coins, sovereigns or whatever.  Minimise your premium over spot on the way in.
  16. Like
    Abyss reacted to Sovhead in Liquidity: Have 1oz coins had their day?   
    Loads of 1oz coins sell on here regularly just buy what you like.
    You can sell gold anytime to anyone there will always be interest.
  17. Like
    Abyss reacted to Orpster in Liquidity: Have 1oz coins had their day?   
    One of the forum members @NGMD admins a group on Facebook, maybe start there, if you bribe him he may let you in (the groups are all private)
    These are the main ones I use

  18. Like
    Abyss reacted to dicker in Liquidity: Have 1oz coins had their day?   
    Premiums for Sovs and Brits is roughly similar.  A mix of the two would make sense.  Sovs are easier to liquidate but Brits can be a little harder but still sell well.
    Horses for courses!
  19. Like
    Abyss reacted to Fenlander1 in Liquidity: Have 1oz coins had their day?   
    I can understand your thoughts I personally have exchanged sold all my fractional coins and now exclusively stack 1oz, there are many reasons for this decision but I prefer to have 1oz Britannia's over other denominations.
    When and if the time comes to liquidate I am confident that at spot price gold will always sell, when I purchased alot of sovereigns 6mths ago the premium was at 7% for memorials now it is possible to get them at 1-2%.
    Dealers don't pay that much for sovereigns either in comparison to their sale price, I think it is a personal preference but I have found always follow your gut.
  20. Super Like
    Abyss got a reaction from Coverte in Liquidity: Have 1oz coins had their 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......
  21. Super Like
    Abyss got a reaction from Cityman1 in Liquidity: Have 1oz coins had their 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......
  22. Super Like
    Abyss got a reaction from 9x883 in Liquidity: Have 1oz coins had their 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......
  23. Like
    Abyss got a reaction from NeutronJack in Liquidity: Have 1oz coins had their 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......
  24. Like
    Abyss got a reaction from Heirlooms in Liquidity: Have 1oz coins had their 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......
  25. Like
    Abyss got a reaction from RDHC in Liquidity: Have 1oz coins had their 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......
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use