Schaublin
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Posts posted by Schaublin
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Krugerrands back in stock at CID - but over £900 each.
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"a few years ago..."
£500 was about 18 months ago actually
You must have a different BV chart or calendar from me. March 08 - around 500 GBP
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No bid history on that and £650 - does not seem credible - usually Krugerrands sell within a fairly tight band. Strange.
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I'm 50% in Gold and Silver, 50% in Sterling - started buying metals 2yrs ago andvery glad I did. May bite the bullet an go all in... I'm talking GoldMoney here, I've no physical.
Good luck - I have a small position at BV - I wound it down over the last few years to a level where if I logged on one day and found 'error 404 site not found', I would be peeved but not devastated. I may be a little premature but I now only feel comfortable with physical possession.
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Plenty of posters here saying they could not bring themselves to buy at £500 a few years ago...
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Why are you all so keen on big 1oz coins instead of sovereigns which have more gold per unit of fiat?
Good point - my take on it is that people are buying significant amounts (say 100 plus ounces) and 1oz coins seem more sense than four times as many Sovs - or it may just be that The 1oz coins are in shorter supply and ran out earlier.
Anyone else got any theories?
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No 1 oz coins left on CID other than Eagles.
Still Maples left - but 900 odd GBP each
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It's not just you. See my post above on Google Search and News volume. We've been in a steady decline on both fronts since the late 2009 high. The 2010 upleg in gold has not captured the MSM's attention in the same way.
Replace MainStream Media with Controlled media and it makes sense that the sheeple would not be informed.
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With gold going bananas & silver just sitting there, what is a girl to do but buy another pile of silver with her latest newly arrived largesse?
I'll call it diversification & wont look at the price for a year ....... or maybe six months.
I backed up my (modestly sized) truck last year to load up with silver. It feels like... wealth
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Your maths is correct and you highlight something interesting about the current market.
At a quick glance sovereigns seem to be priced accordingly weight for weight to other fractional coins; a South African 2 Rand, for example, with a gold content of 7.32g is priced at £204.29 and a Elisabeth II sov is £204.78
What I think you have observed is the current popularity of the larger 1 ozt coins which are in shorter supply now. I have never seen the CID site so low on stock, even compared to past periods of heavy panic buying.
In my view, smaller coins get overlooked by many buyers and the purchase of sovereigns, fractional britannias and other historical fractional European coins are a real bargain to be had.
You are right about this - a year ago an ordinary Sovereign was slightly more expensive pro-rata than a Krugerrand - difficult to check now as the 1 ounce bullion coins seem to be disappearing off the shelves!
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cid out of silver phillies
That is interesting - I noticed they were selling some 500 pc boxes of these - last week I think but they did not last long. I must say I am beginning to become intrigued by what is going on with these dealers selling out - is it
1. Surge in demand temporarily causing low stock?
2. Sustained high demand causing difficulties re-stocking?
3. Anything else?
Edit: CID still have some (a) 100kg gold Maple - so don't panic, if they run out of Sovereigns, you can always get one of these.
I was thinking about getting a couple but the buy/sell spread put me off! -
I'm probably going to shift some of my trading profits (sterling shorts, VXX etc - see my trading diary in the investment section) into physical gold and am happily browsing on CoinInvestDirect.com
Two questions: I've never had any problems with CID, but could I ask if anyone else ever has?
Secondly, why are Sovereigns generally c.£20 an ounce of gold cheaper than any thing else?
As far as I can tell: 1 oz on BV trades at about £817 today. 1oz bullion bar or 1 oz gold round on CID costs c.£859. I'm wary of these as I am warned of assaying costs etc. when you resell. The cheapest gold oz coins on CID are pandas which are about £883. However, I think I can buy an oz worth of gold in sovereigns at about £868 an oz. In my eyes, sovereigns have many advantages. Although they aren't as pretty or chunky as big oz coins, their smallness is a benefit in terms of sale (divisibility) and transportation, hiding etc. As with Britannias they are tax free in terms of CGT. As you know I'm a Civil Servant and have to scrupulously obey the tax rules so this is a big advantage. Given this, you'd expect them to be MORE expensive than oz rounds, not less! (Other small coins are). So why are they cheaper? Or is my maths wrong.....?
I think you will find that Pandas are (used to be) slightly more expensive than other bullion coins so do not compare them with Sovs - which are generally the same cost pro-rata as Krugs Maples etc but taking your example: Panda £883 x .235 = £207 so not too much out as their ordinary Sovs are about that. For someone living in the UK, I can see no better option than Sovereigns but when multiple kilograms are being considered, The one ounce bullion coins are convenient.
Edit: I have used CID several times in the past and found it a well thought-out and prompt transaction.
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I don't normally watch videos but did watch these - interesting. In the second video, Steve Myers says that 'Mom and Pop' are not aware of gold yet and that we are some way from that phase. This set me thinking about some shortages of bullion coins at the moment. I wonder how the cumulative buy-and-hold mentality of the small investor may be affecting the situation - if at all. Without any reliable numbers, it is all guesswork of course but I would have thought that wealthy buyers taking delivery of bullion - out of the system would be in the form of kilogram and 4000z bars. So why the apparent shortages of 1oz bullion coins?
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Not just the silver page, no 1oz gold Brits, eagles, maples, krugs or libertads
OK, own up - who's hoovered up all the bullion coins on CID?
This is significant IMO as CID is a major dealer. -
CID Sov. Victoria 7.32 Gramm £200.62
!!!
Cant comment on Krugerrands as they have sold out!
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Nearly £200 for a Viccie Sov from CID!
I might sell 3 and buy a 50" plasma telly from Currys for the world cup
On second thoughts i'll hold my gold and use paper for that.
I just posted this on the Silver thread at almost the same time!
How much will the plasma telly be worth in a few years time?
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Silver seems to be lagging gold at the moment - I just noticed that older Sovs are now pennies short of £200 on CID. My advice would be to have bought them some years ago! Interestingly, after owning PMs for some years now, I am always slightly thrilled when I hand over fiat and receive valuable good/services in return - it seems almost wrong!
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Isn't this our dear friends who are concerned about fiat stability acting as soon as they reached the office?
Careful Laura - such talk will get you labeled a conspiracy loon
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Up to 1190... then straight down to 1168. Silver back to 17.90
I wonder if this could morph into something bigger here with investors increasingly nervous about sovereign debt.
This looks like panicked herd behaviour - veering one way with certainty then suddenly changing direction with equal determination.
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Re CID being out of stock of Krugerrands - my feeling is that as this is the most common one ounce bullion coin, I would assume that CID have certain reserves in order to fulfill orders promptly. That they are out of stock, indicates unusually heavy buying.
Interested in others comments on this.
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I just noticed CID are out of Krugerrands - for those worried about the price - perhaps you should be worried that you can actually buy something!
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Wonder if the finalization of the Greek bailout will have any detrimental effect on gold ?
How would that work? A country that already has unpayable debts is lent another 150 billion.
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Just to repeat what I said at the end of the previous gold thread (just in case):
I saw a short item on BBC News 24 yesterday which suggested that money marketeers are betting that the pound will strengthen immediately after the election. Unfortunately, the piece was intended for mass consumption, so there was almost no detail on the whys and wherefores.
As a general point, though, it perhaps does make sense that there should at least be some short-term optimism that Something Will Get Done with a new government (which is looking increasingly likely I guess -- the 'new' part). There has certainly been a sense that, prior to the election, the present government has been more or less paralysed by the need to do their best to win another term. In fact, this may have been the case for about two years.
It may be that the PoG in UKP has reached a short-term high around here.
To balance that out, what about an immediate announcement by the new 'government' that the UK is in much deeper shit than had been hitherto let on by Brown?
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You may have noticed Greece has had to activate it's low-interest loan facility from the EU/IMF.
Euro up, dollar down, gold up.
This is the weird Greek yield curve as it was; note the 1yr yield quite low (thanks to loans/anticipation of them)...
Thanks - I am just surprised that:
It was so rapid.
That it had not been factored in already.
Have never understood the short-term volatility - which is why I would never attempt to trade.
someone got a bargain today
I was thinking about getting a couple but the buy/sell spread put me off!
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A fool is a fool but I do worry about people who are naive about economics but are concerned about the future being influenced by articles like this.