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.

AppleZippoandMetronome

Silver Premium Member
  • Posts

    1,303
  • Joined

  • Last visited

  • Days Won

    1
  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    AppleZippoandMetronome got a reaction from stackerp5 in Time to pick ya brains folks, go easy on me.   
    You've had some good advice above and I agree with pretty much all of it.
    The whole concept of there being bargains when spot rises combined with some stuff being hard to sell can be confusing but its important to note that - generally - in any moving market there are always ways to exploit things. The premium suddenly falling out of a lot of coins as stated above is the best example of that when gold spot price rises. If there are certain coins you are after that have a high premium now can be a good time to pick those up as there is usually a fair amount of lag between spot going up and those premiums rising to match the increase.
    As for storage there are no end of options and there have been some good topics on this forum about it as well as some decent YouTube vids - well worth searching both the forum and YouTube. When talking about storing items at a place of residence I think its always worth keeping in mind the risk levels attached to your lifestyle. Do you live in shared housing of any type of decription? What is crime like in the area? Do any other people know that you buy and hold PMs? All of these things (and much more) will dictate risk and whether or not you should be storing anything at home.
    To buck the opinion of the folks above I will say that I don't personally think safes are good ideas. The only time I would consider a safe would be as a decoy though I don't even have that since I do my best not to store anything at home. A safe to me represents an opportunistic quick grab for a would be burglar. If its somehow secured and not able to be removed by an opportunistic intruder it could be noted if found so then there's the risk of someone or multiples returning looking for a potential high value score. I just think they make an easy target more than they provide any real benefit.
    If you get creative there are no end of safe places in any residence where you could squirrel things away. If you do go down that route though make sure you have a mechanism for letting someone know in the event anything happens to you.
  2. Super Like
    AppleZippoandMetronome got a reaction from HonestMoneyGoldSilver in Time to pick ya brains folks, go easy on me.   
    You've had some good advice above and I agree with pretty much all of it.
    The whole concept of there being bargains when spot rises combined with some stuff being hard to sell can be confusing but its important to note that - generally - in any moving market there are always ways to exploit things. The premium suddenly falling out of a lot of coins as stated above is the best example of that when gold spot price rises. If there are certain coins you are after that have a high premium now can be a good time to pick those up as there is usually a fair amount of lag between spot going up and those premiums rising to match the increase.
    As for storage there are no end of options and there have been some good topics on this forum about it as well as some decent YouTube vids - well worth searching both the forum and YouTube. When talking about storing items at a place of residence I think its always worth keeping in mind the risk levels attached to your lifestyle. Do you live in shared housing of any type of decription? What is crime like in the area? Do any other people know that you buy and hold PMs? All of these things (and much more) will dictate risk and whether or not you should be storing anything at home.
    To buck the opinion of the folks above I will say that I don't personally think safes are good ideas. The only time I would consider a safe would be as a decoy though I don't even have that since I do my best not to store anything at home. A safe to me represents an opportunistic quick grab for a would be burglar. If its somehow secured and not able to be removed by an opportunistic intruder it could be noted if found so then there's the risk of someone or multiples returning looking for a potential high value score. I just think they make an easy target more than they provide any real benefit.
    If you get creative there are no end of safe places in any residence where you could squirrel things away. If you do go down that route though make sure you have a mechanism for letting someone know in the event anything happens to you.
  3. Like
    AppleZippoandMetronome reacted to Petra in Time to pick ya brains folks, go easy on me.   
    I am not on the same scale as many on here, however, it soon adds up. I have a small safe at home, used to get a few bits together and then off to a safety deposit box. Mine is with a private company that has a couple of branches and has been doing this for years. Because of where I live I do have to travel a little to it. You say you are in London area so should find somewhere quite easily. Pretty cheap and a safe option. A paid membership on here will save you lots of money if you want immediate access to buying bargains and when it comes to any sales. Whatever you do, good luck👍
  4. Like
    AppleZippoandMetronome reacted to HonestMoneyGoldSilver in Time to pick ya brains folks, go easy on me.   
    For small amounts (< £50,000) try LV (Liverpool Victoria) insurance. They are the best one I came across, no stipulations that you need a floor safe, an Alsatian and 3 armed security guards to insure precious metals at home. For amounts over this you would be best advised to get a safety deposit box but remember you also need to get insurance on your safety deposit box!!
  5. Like
    AppleZippoandMetronome reacted to Orpster in Time to pick ya brains folks, go easy on me.   
    I have a small safe at home for anything I have recently bought or I am looking to sell but I generally use a safety deposit box that costs me £230 a year (the normal price is £285 but I signed up for an offer when I upgraded the size of the box) plus I pay a bit extra for higher insurance.
    I used to have specific insurance for my coins through highworth insurance but have rolled it into my house insurance for the past couple of years as I keep very little at home and only for short periods, the specific coin insurance cost me circa £120 a year and it adds about £40 to my normal contents insurance now.  It does cut down on the choice of insurers as some will not cover coin collections or that sort of value in gold.
    I have not found it hard to sell gold recently, I have sold around 5oz's during the recent spike, 3oz on the forum and 10 sovereigns directly to a dealer.  I have also sold a couple of graded premium pieces to collectors and used all the funds to buy gold that has not really been impacted by the spike because of the lower premiums on some items.  I have sold considerable (for me) amounts of gold on two occasions in the last decade (I use gold to store money and do not really see it as an investment) so I never really worry about selling having done it.  If your cheaper than the next guy, even if only slightly, and your price is fair in the prevailing market then it sells.  
     
  6. Like
    AppleZippoandMetronome reacted to ZRPMs in Time to pick ya brains folks, go easy on me.   
    With the caveat that these are my own rambling.
    With gold at all time highs It seams quite expensive especially if you have a few years under the belt at buying gold & silver. When the price jumps as fast as it has, to keep folk buying what tends to happen is the premium lags the increase. This results in buyers trying to get things as close to spot or even under stop if they possibly can. As the market steadies the premium increases back to normal % above spot. 
    I suppose the buyers with funds don't want to part with their funds for fear that the spot price will crash, Hence " it's hard to sell gold at the moment and there's bargains to be had, therefore it must be a great time to buy but prices are high," and the sellers, whilst they may get more this week than last week had they chose to sell, they feel that they could have got more as last week their sovereign was spot plus 3%, this week, it's spot.
    In very volatile price periods, It pay's if you don't need to sell. Buyers try to factor in the risk of a price drop.
    On the case of storage, A few ounces I would say is fine at home. £150k worth saver in a vault. First line of security though. When your in Precious metals club. You don't talk about Precious metals club. Tell no one.
    Your in the right place though for some insight. The forum has done wonders for me. Made a few friend's, I think. Gleaned a good bit of info. get to chat with like minded folk. and managed to get some great deals. A paid membership is advisable as you will get to see the sales posts as they go live. Any deal worth having gets snapped up pretty quick. Also, From a personal stance my paid membership for the first month saved me my years membership in the deals I made.
    Hope this helps.
  7. Like
    AppleZippoandMetronome got a reaction from dicker in Is now a good time to sell on TSF?   
    In the 6 or 7 years I've been around here and really been paying attention to the gold/silver prices I've found that stuff priced well will always sell. A lot of coins that would traditionally have a higher premium (not talking mega collectable stuff here just premiums that are higher than normal - stuff like normal proofs, the QBs mentioned, slightly special sovs, etc) tend to look more attractable as the gold price rises because it often takes a bit for the premium to catch up to the live gold price. I've bought a lot of coins like this during these gold runs over the last 4 or 5 years. Arguable whether it matters long term but when the premium shrinks it feels like you got a good deal especially when those premiums eventually do catch up to the live price once things settle.
  8. Like
    AppleZippoandMetronome got a reaction from SlowFrog in Is now a good time to sell on TSF?   
    In the 6 or 7 years I've been around here and really been paying attention to the gold/silver prices I've found that stuff priced well will always sell. A lot of coins that would traditionally have a higher premium (not talking mega collectable stuff here just premiums that are higher than normal - stuff like normal proofs, the QBs mentioned, slightly special sovs, etc) tend to look more attractable as the gold price rises because it often takes a bit for the premium to catch up to the live gold price. I've bought a lot of coins like this during these gold runs over the last 4 or 5 years. Arguable whether it matters long term but when the premium shrinks it feels like you got a good deal especially when those premiums eventually do catch up to the live price once things settle.
  9. Like
    AppleZippoandMetronome got a reaction from Goldfever20 in Is now a good time to sell on TSF?   
    In the 6 or 7 years I've been around here and really been paying attention to the gold/silver prices I've found that stuff priced well will always sell. A lot of coins that would traditionally have a higher premium (not talking mega collectable stuff here just premiums that are higher than normal - stuff like normal proofs, the QBs mentioned, slightly special sovs, etc) tend to look more attractable as the gold price rises because it often takes a bit for the premium to catch up to the live gold price. I've bought a lot of coins like this during these gold runs over the last 4 or 5 years. Arguable whether it matters long term but when the premium shrinks it feels like you got a good deal especially when those premiums eventually do catch up to the live price once things settle.
  10. Like
    AppleZippoandMetronome got a reaction from KitchenCollector in Is now a good time to sell on TSF?   
    In the 6 or 7 years I've been around here and really been paying attention to the gold/silver prices I've found that stuff priced well will always sell. A lot of coins that would traditionally have a higher premium (not talking mega collectable stuff here just premiums that are higher than normal - stuff like normal proofs, the QBs mentioned, slightly special sovs, etc) tend to look more attractable as the gold price rises because it often takes a bit for the premium to catch up to the live gold price. I've bought a lot of coins like this during these gold runs over the last 4 or 5 years. Arguable whether it matters long term but when the premium shrinks it feels like you got a good deal especially when those premiums eventually do catch up to the live price once things settle.
  11. Super Like
    AppleZippoandMetronome got a reaction from ChrisSilver in Is now a good time to sell on TSF?   
    In the 6 or 7 years I've been around here and really been paying attention to the gold/silver prices I've found that stuff priced well will always sell. A lot of coins that would traditionally have a higher premium (not talking mega collectable stuff here just premiums that are higher than normal - stuff like normal proofs, the QBs mentioned, slightly special sovs, etc) tend to look more attractable as the gold price rises because it often takes a bit for the premium to catch up to the live gold price. I've bought a lot of coins like this during these gold runs over the last 4 or 5 years. Arguable whether it matters long term but when the premium shrinks it feels like you got a good deal especially when those premiums eventually do catch up to the live price once things settle.
  12. Like
    AppleZippoandMetronome reacted to Orpster in Is now a good time to sell on TSF?   
    I am still buying at my usual quantities but at the moment I am concentrating on gold that has seen its usually higher premium evaporate so has largely remained the same price, proof, graded, young heads etc.  
    You may find given you have no trading feedback you will have to send first and receive payment on receipt should you sell on the forum, or potentially go though the @BackyardBullion intermediary service.  If the former just be sure to deal with established members for the first couple of sales till your feedback has built a little and people will pay in advance of shipping.  
    Good luck though, I sold a large portion of my own stack last year to pay down my mortgage when my low rate deal was ending.  Gold may have skyrocketed since but I suspect I have/will have saved more in interest payments than I would have made on my gold and I have zero regrets
     
  13. Like
    AppleZippoandMetronome got a reaction from ZigZag in SHTF…..Is All gold the same 🤔   
    I was reading a post on here the other day (apologies for being unable to remember the member who wrote it off the top of my head) where it was mentioned that with the higher gold spot price some of the more common and less desireable proof sovs are already being thrown in the melting pot so we're kind of there already without the SHTF situation. That being said...
    I think a reality check is probably helpful in actually answering this question.
    Things like proofs and graded coins, etc only have a value uplift because enough of us desire them to give them a value uplift. The market which gives that value uplift is something that exists because of our modern way of living. In a crisis scenario where we no longer have access to our modern way of life priorities will naturally change and frankly pretty much anything that we currently assign a collectable value to will lose that because people won't care. Your priorities will be survival, safe passage, etc for you, your family and loved ones. Your priorities will not be what a paper label says inside a plastic slab or how shiny the finish is on your coins.
  14. Like
    AppleZippoandMetronome got a reaction from PhilB in SHTF…..Is All gold the same 🤔   
    I was reading a post on here the other day (apologies for being unable to remember the member who wrote it off the top of my head) where it was mentioned that with the higher gold spot price some of the more common and less desireable proof sovs are already being thrown in the melting pot so we're kind of there already without the SHTF situation. That being said...
    I think a reality check is probably helpful in actually answering this question.
    Things like proofs and graded coins, etc only have a value uplift because enough of us desire them to give them a value uplift. The market which gives that value uplift is something that exists because of our modern way of living. In a crisis scenario where we no longer have access to our modern way of life priorities will naturally change and frankly pretty much anything that we currently assign a collectable value to will lose that because people won't care. Your priorities will be survival, safe passage, etc for you, your family and loved ones. Your priorities will not be what a paper label says inside a plastic slab or how shiny the finish is on your coins.
  15. Super Like
    AppleZippoandMetronome got a reaction from stefffana in SHTF…..Is All gold the same 🤔   
    I was reading a post on here the other day (apologies for being unable to remember the member who wrote it off the top of my head) where it was mentioned that with the higher gold spot price some of the more common and less desireable proof sovs are already being thrown in the melting pot so we're kind of there already without the SHTF situation. That being said...
    I think a reality check is probably helpful in actually answering this question.
    Things like proofs and graded coins, etc only have a value uplift because enough of us desire them to give them a value uplift. The market which gives that value uplift is something that exists because of our modern way of living. In a crisis scenario where we no longer have access to our modern way of life priorities will naturally change and frankly pretty much anything that we currently assign a collectable value to will lose that because people won't care. Your priorities will be survival, safe passage, etc for you, your family and loved ones. Your priorities will not be what a paper label says inside a plastic slab or how shiny the finish is on your coins.
  16. Like
    AppleZippoandMetronome reacted to BackyardBullion in Silver Forum Bars & Rounds for 2024   
    Howdy all!
    Been getting a few private messages about this so thought I would just make a quick post about schedules for 2024 releases. 
    Normally we would have the 1 oz bars ready by about this time of year - and to be fair they are all manufactured but I am going to be releasing them in June. 
    The reason for this is I am shifting how I work. 
    I am trying to get ALL production for our annual products done in the first half of this year. This allows me more time to focus on the delivery of the projects when they are done. 
    Shipping out all the bars to customers takes a lot of time and it often is all consuming. 
    So, for now I am working away creating all the forum products for 2024 based on the following scheule:
    Silver Forum Products
    1 oz forum bars (250 mintage): Release June
    100g forum bars (175 mintage): Release Late August
    1oz, 3oz and 5oz forum rounds (50, 75 & 25 mintages): Release November
    BYB annual products
    1 oz BYB bars (100 mintage): Release June
    100g BYB Bars (25 mintage): Release Late August
    Interested in getting some of our products?
    Just comment on this thread, or watch out for my future posts on the subject!

  17. Like
    AppleZippoandMetronome got a reaction from westminstrel in SHTF…..Is All gold the same 🤔   
    I was reading a post on here the other day (apologies for being unable to remember the member who wrote it off the top of my head) where it was mentioned that with the higher gold spot price some of the more common and less desireable proof sovs are already being thrown in the melting pot so we're kind of there already without the SHTF situation. That being said...
    I think a reality check is probably helpful in actually answering this question.
    Things like proofs and graded coins, etc only have a value uplift because enough of us desire them to give them a value uplift. The market which gives that value uplift is something that exists because of our modern way of living. In a crisis scenario where we no longer have access to our modern way of life priorities will naturally change and frankly pretty much anything that we currently assign a collectable value to will lose that because people won't care. Your priorities will be survival, safe passage, etc for you, your family and loved ones. Your priorities will not be what a paper label says inside a plastic slab or how shiny the finish is on your coins.
  18. Like
    AppleZippoandMetronome got a reaction from Maxx546 in SHTF…..Is All gold the same 🤔   
    I was reading a post on here the other day (apologies for being unable to remember the member who wrote it off the top of my head) where it was mentioned that with the higher gold spot price some of the more common and less desireable proof sovs are already being thrown in the melting pot so we're kind of there already without the SHTF situation. That being said...
    I think a reality check is probably helpful in actually answering this question.
    Things like proofs and graded coins, etc only have a value uplift because enough of us desire them to give them a value uplift. The market which gives that value uplift is something that exists because of our modern way of living. In a crisis scenario where we no longer have access to our modern way of life priorities will naturally change and frankly pretty much anything that we currently assign a collectable value to will lose that because people won't care. Your priorities will be survival, safe passage, etc for you, your family and loved ones. Your priorities will not be what a paper label says inside a plastic slab or how shiny the finish is on your coins.
  19. Like
  20. Like
    AppleZippoandMetronome reacted to GoldDiggerDave in Gazette Proclamation - Waterloo Medal (Great Engravers 2-coin set?)   
    The Waterloo medal is a gem……..also the depictions around the out side of the medal read like hieroglyphs and tells an interesting story, also a warning to those 4 who were in power. 
  21. Like
    AppleZippoandMetronome reacted to westminstrel in Gazette Proclamation - Waterloo Medal (Great Engravers 2-coin set?)   
    Who knew this would come SO FAST!?
    Most likely part of the Great Engravers range, and forming a trilogy of Pistrucci’s works including St. George and the Dragon.
    https://www.thegazette.co.uk/notice/4571112
     
    For the obverse impression Our effigy with the inscription “· CHARLES III · D · G · REX · F · D · 10 POUNDS ·” and the date of the year
    And for the reverse either:
    (a) a depiction of Prince Regent George of Britain (later King George IV), Emperor Francis II of Austria, Emperor Alexander I of Russia and King Frederick William III of Prussia surrounded by symbolic scenes representing peace; or
    (b) a depiction of the Duke of Wellington and Prussian Commander Gerhard Von Blucher, represented as two horsemen accompanied by a representation of Nike, the goddess of flying and the chariot of Zeus, surrounded by figures of men with serpent legs.
  22. Like
    AppleZippoandMetronome reacted to westminstrel in New great engravers Waterloo medal   
    I had the exact same thought here:
     
  23. Super Like
    AppleZippoandMetronome got a reaction from MrStacker in SHTF…..Is All gold the same 🤔   
    I was reading a post on here the other day (apologies for being unable to remember the member who wrote it off the top of my head) where it was mentioned that with the higher gold spot price some of the more common and less desireable proof sovs are already being thrown in the melting pot so we're kind of there already without the SHTF situation. That being said...
    I think a reality check is probably helpful in actually answering this question.
    Things like proofs and graded coins, etc only have a value uplift because enough of us desire them to give them a value uplift. The market which gives that value uplift is something that exists because of our modern way of living. In a crisis scenario where we no longer have access to our modern way of life priorities will naturally change and frankly pretty much anything that we currently assign a collectable value to will lose that because people won't care. Your priorities will be survival, safe passage, etc for you, your family and loved ones. Your priorities will not be what a paper label says inside a plastic slab or how shiny the finish is on your coins.
  24. Super Like
    AppleZippoandMetronome got a reaction from Aldebaran in SHTF…..Is All gold the same 🤔   
    I was reading a post on here the other day (apologies for being unable to remember the member who wrote it off the top of my head) where it was mentioned that with the higher gold spot price some of the more common and less desireable proof sovs are already being thrown in the melting pot so we're kind of there already without the SHTF situation. That being said...
    I think a reality check is probably helpful in actually answering this question.
    Things like proofs and graded coins, etc only have a value uplift because enough of us desire them to give them a value uplift. The market which gives that value uplift is something that exists because of our modern way of living. In a crisis scenario where we no longer have access to our modern way of life priorities will naturally change and frankly pretty much anything that we currently assign a collectable value to will lose that because people won't care. Your priorities will be survival, safe passage, etc for you, your family and loved ones. Your priorities will not be what a paper label says inside a plastic slab or how shiny the finish is on your coins.
  25. Like
    AppleZippoandMetronome got a reaction from HonestMoneyGoldSilver in SHTF…..Is All gold the same 🤔   
    I was reading a post on here the other day (apologies for being unable to remember the member who wrote it off the top of my head) where it was mentioned that with the higher gold spot price some of the more common and less desireable proof sovs are already being thrown in the melting pot so we're kind of there already without the SHTF situation. That being said...
    I think a reality check is probably helpful in actually answering this question.
    Things like proofs and graded coins, etc only have a value uplift because enough of us desire them to give them a value uplift. The market which gives that value uplift is something that exists because of our modern way of living. In a crisis scenario where we no longer have access to our modern way of life priorities will naturally change and frankly pretty much anything that we currently assign a collectable value to will lose that because people won't care. Your priorities will be survival, safe passage, etc for you, your family and loved ones. Your priorities will not be what a paper label says inside a plastic slab or how shiny the finish is on your coins.
×
×
  • 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