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Roy

Silver Premium Member
  • Posts

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  • Country

    Poland

Reputation Activity

  1. Like
    Roy got a reaction from MassiveGoldenDongle in Gold 1/4oz Britannia Dimensions   
    Yes, agree here too.
    The beauty of collecting 1/4 Brits and Sovs are that the proof capsules are the same, and you can mix and match presentation boxes.
  2. Like
    Roy reacted to stefffana in Sterling silver Wallace grand baroque   
    It is a nice set, indeed, but usually difficult to sell. The people who are interested and can afford to buy a full set are only very few, unfortunately. There are many sets advertised online on antique websites or auction houses for big prices, but are not selling, even in years. 
    The person who will buy your set will buy it to keep it in family as a heritage for children.
    Your set is made by a well-known silversmith and is complete, so this is a good start.
     
    Options for you:
    1. Split the set and sell them individually on Ebay. They will sell probably @10% over spot. After deducting the fees, the result is under spot. Don't do it.
    2. Sell the set to a bullion dealer. They will pay @15% under spot. Don't do it.
    3. Contact an auction house. Maybe they will sell it @30% over spot. After deducting their 35% fees, the result is under spot. Don't do it.
    4. Try to sell at forum as a set. I am sure you will find someone willing to pay 10%-15% over spot. I don't think you will be able to achieve more, unfortunately. 
    I know, usually the expectations are higher, especially seeing online prices for similar articles, but from my experience silver flatware/tableware will not sell for more. 
    Good luck with whatever you will decide to do!🤗
  3. Super Like
    Roy got a reaction from Gruff in Gold Monitoring Thread £ GBP only   
    Is now a good time to enter the stock market though?
    (Not me!)
  4. Like
  5. Like
    Roy reacted to Bratnia in Gold Monitoring Thread £ GBP only   
    Whilst a year of stock and gold both down do periodically occur, there's the prospect that either stock or gold will by up in a year time, where those gains offset the loss in the other asset (and typically more). 50/50 and in a years time rebalance ... and likely you'll end up holding either more ounces of gold, or more stock shares (lower average price per share). So yes. Supplemented with averaging in and out over many years and it all tends to average out well - better than having stayed in cash.
  6. Like
    Roy reacted to kimchi in Gold Monitoring Thread £ GBP only   
    I got out a while back, isn't it the big seven or eight propping the whole thing up?
  7. Like
    Roy got a reaction from kimchi in Gold Monitoring Thread £ GBP only   
    Is now a good time to enter the stock market though?
    (Not me!)
  8. Like
    Roy reacted to Bratnia in Gold Monitoring Thread £ GBP only   
    The US treasury bought 8000 tonnes of gold in 1933. Nowadays that lent to the Fed at a $42.222 rate, so at a market price of $2111 the Fed has 50x leverage, that rises if the dollar falls against gold (gold price rises). In turn the Fed can use that 50x leverage to buy (or sell) 123x leveraged paper gold (at recent levels) ... that can be used to direct the price of gold into alignment with the dollar a.k.a dollar aligned to the price of gold. US debt expansion when drawn using log scale Y axis, as you should for longer time periods, is more a straight line, many charts however are drawn using linear scale Y axis, so US debt expansion is often (falsely) claimed to be a unsustainable exponential - whereas it is, the dollar will over time continue to decline relative to the price of gold as the US target a 2% inflation rate (devaluation of dollars). All of that secures the dollar, that in turn others use as a international trade settlement currency instead of gold. Based on a foundation of retaining a large amount of physical gold, but where there are many claims to each ounce of gold. If you can't physically touch the gold your 'own' then any claim is potentially in the same queue as 120+ others. Gold makes for a good alternative to bonds/cash deposits (paper money), a 67/33 stock/gold can broadly compare to all-stock but with less volatility (will rise less during good stock times, fall less during stock bad times).
    At the end of the day, it is those holding physical gold that get to determine how the 120 claims upon each ounce may be settled. Even funds claiming to be backed by physical gold could see that gold vanish under a gold-rush condition.
  9. Like
    Roy reacted to katyc in Gold Monitoring Thread £ GBP only   
    While there's fair reason to believe USA won't bring rates down soon (because inflation is so high and everyone is buying shares, blindly jumping on the bubble wagon making everything look rosy), the gov's own debt is costing crazy money (1 trillion) - they really need rates to come down. So it's difficult to predict.  Rate drops will cause a boost in lending, then boom the economy, hence further explode inflation. So then they may put rates UP - and then we have the 1970s situation (where gold - and especially silver) absolutely crash medium term (liquidity crisis), but then they will explode to the moon, the sun, then a galaxy far faaaarrrr away.
    That situation could happen over months - possibly even years.
    But who knows what could happen in the meantime? Oil could easily double with current world nonsense, which would cause a very quick, severe hike to inflation, which would be guaranteed to lead in to recession - probably a depression - with rate drops and gold mooning much sooner.
    Or banks collapse and everyone panics....
    Or the USA finally tell the truth about job numbers (and stop counting one person with 5 jobs to make ends meet = 5 employed people). That boils my p*ss that one!
    and so on...
    Whatever happens the only way is up for gold over the long term. The whole world is one giant cluster f... and there's only so long you use Polyfilla to hide a crack in a dam. 
    Long story short: I have no clue. But moon is coming either way!

    If you made it this far. Congratulations.
  10. Like
    Roy got a reaction from Earthmetal in Gold Monitoring Thread £ GBP only   
    @Foster88 I love you man but stop being so sensitive.
    So, it's ok to poke fun at the Irish but not homosexuals?
    🙏
  11. Like
    Roy got a reaction from Lyrinn in Gold Monitoring Thread £ GBP only   
    @Foster88 I love you man but stop being so sensitive.
    So, it's ok to poke fun at the Irish but not homosexuals?
    🙏
  12. Super Like
    Roy got a reaction from HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
    @Foster88 I love you man but stop being so sensitive.
    So, it's ok to poke fun at the Irish but not homosexuals?
    🙏
  13. Like
    Roy got a reaction from Dom in Gold Monitoring Thread £ GBP only   
    We're all friends here 🤗
  14. Like
    Roy got a reaction from Dom in Gold Monitoring Thread £ GBP only   
    @Foster88 I love you man but stop being so sensitive.
    So, it's ok to poke fun at the Irish but not homosexuals?
    🙏
  15. Like
    Roy got a reaction from RDHC in Gold Monitoring Thread £ GBP only   
    We're all friends here 🤗
  16. Super Like
    Roy got a reaction from stefffana in Gold Monitoring Thread £ GBP only   
    @Foster88 I love you man but stop being so sensitive.
    So, it's ok to poke fun at the Irish but not homosexuals?
    🙏
  17. Super Like
    Roy got a reaction from stefffana in Gold Monitoring Thread £ GBP only   
    We're all friends here 🤗
  18. Haha
    Roy reacted to kimchi in I don’t believe in silver   
    Many thanks! You could have left it after the first sentence tbh, I am not completely supine stupin d**k turpentine dumm you know! 

  19. Like
    Roy got a reaction from Foster88 in Gold Monitoring Thread £ GBP only   
    We're all friends here 🤗
  20. Super Like
    Roy got a reaction from James32 in Gold Monitoring Thread £ GBP only   
    We're all friends here 🤗
  21. Like
    Roy reacted to Foster88 in Gold Monitoring Thread £ GBP only   
    Point taken on board.
    I’m not sure I’d be capable of poking fun at the Irish (nor would I want to) when half my family are Irish.
    I didn’t mean any offence to anyone Irish.
  22. Super Like
    Roy got a reaction from James32 in Gold Monitoring Thread £ GBP only   
    @Foster88 I love you man but stop being so sensitive.
    So, it's ok to poke fun at the Irish but not homosexuals?
    🙏
  23. Super Like
    Roy got a reaction from Gruff in Gold Monitoring Thread £ GBP only   
    @Foster88 I love you man but stop being so sensitive.
    So, it's ok to poke fun at the Irish but not homosexuals?
    🙏
  24. Like
    Roy got a reaction from kimchi in Gold Monitoring Thread £ GBP only   
    @Foster88 I love you man but stop being so sensitive.
    So, it's ok to poke fun at the Irish but not homosexuals?
    🙏
  25. Haha
    Roy got a reaction from Gruff in Silver Monitoring Thread £ (GBP) only.   
    I like that! Long may it reign 😊
    So £25 pp is a bargain?
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