ziknik
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Posts posted by ziknik
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I just still need more coins of smaller denominations. I don't want to go shopping with 1 oz or even 1/4 oz gold coins when TSHTF. Silver is just everyone's everyday money. Hence smaller silver coins. It's only a smaller amount anyway.
EDIT: I think I'll go 50-50 Eagles and Maples. Coins of the Realm.
I've picked up a few
hundredthousand 3d and 6d from ebay for the same reason.http://cgi.ebay.co.uk/100-Silver-Threepenc...id=p3286.c0.m14
http://cgi.ebay.co.uk/50-x-6d-SIXPENCE-pre...id=p3286.c0.m14
EDIT: BTW, I'm not recommending either of the sellers. I haven't bought anything from them
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I presume you are not from the North then ?
edited - sorry guys, I know I keep going on about the North, but it's sh1te, cold, miserable & most of the people are thick......I am counting down the weeks to our relocation, ala prison style on an imaginary wall.
The intelligent people are avoiding you (with good reason)
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Article starts:
from the same article
Rival Redrow, meanwhile, announced a £156m rights issue to cut its own debt and fund a £15m bailout
acquisitionofassets from Harrow Estates, a developer owned bySteve Morgan, Redrow’s executive chairman and biggest shareholder. -
Rents around here seem to have collapsed, my flat was up for £675, I knocked them down to £625 in Feb 08, there are similar 2 bed flats in my block now up for £450.
What area/town/city are you in?
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It is striking that GOLD IS NOT RISING AT ALL THESE LAST 6 MONTHS in most currencies.
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Why are you looking at the 5 year chart and commenting on the last 6 months? Why not click the 6 months chart?
...So all we are seeing this year is a steady devaluation of GBP and USD - the two places where QE is in full force
YoY gold is up in all the currencies on the chart
YTD (from Jan 09 Line on year chart) Gold seems to be up in all the currencies too
Financial year (first week in April Line on 6 months chart) Gold is up in all the currencies again, maybe around the same in GBP and down a touch in CAD.
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It is striking that GOLD IS NOT RISING AT ALL THESE LAST 6 MONTHS in most currencies.
http://www.kitco.com/gold_currency/charts.htm?USD (click 'Hard Currencies' and '5 years')
So all we are seeing this year is a steady devaluation of GBP and USD - the two places where QE is in full force
I'm not sure which chart/time period you are looking at
5 years? 6 months? Year to date (financial? Calendar?)?
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I'm actually swapping some paper gold for physical (my first).
Views: small bars (20g, 50g) or coins?
If coins: sovereigns or krugers?
(UK Citizen, pay CGT)
There's no tax VAT / CGT to pay on Sovereigns & Britannia's.
I only tend to buy Sovereigns for this reason.
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Is goldline.co.uk reliable? They are offering some good prices on their sovereigns at the moment. Previously were much more expensive than CID.
Yes, They are great. Also look at http://www.hattongardenmetals.com/gold-coins.aspx
...The website is awful though, a messy layout.
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[You are right] You shouldn't let the website put your off. Ordering is quick and easy
...I usually buy from my bank in Germany (Sparkasse )
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Its worth shopping around imo
Have you used these guys? http://www.proaurum.de/
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Would U be buying now if U hadn´t any silver yet? How You would timeframe Your buyings if U had 600 g of gold U wanted to swap 2 silver.
I would buy if I didn't have any silver. These prices will look dirt cheap in the future.
I wouldn't swap my gold for silver at the moment. Gold is a lower risk currency.
right I am obviously not completely understanding the gold:silver ratio then. I though you would wait for silver to be a lot higher in price terms first, or does this just depend on what you bought in at & what your silver:gold split is ?...
Most people here said they would swap silver for gold at 50:1 last time this was properly debated.
I will be swapping a percentage of my silver for gold at 45:1, some more at 40:1, more at 35:1 and so on. I will only be doing this with my GoldMoney silver.
I won't consider swapping my coins till we get to 15:1.
I have no plans to trade my coins for another asset unless I am desperate. The money printing will never stop so I will keep holding my coins
EDIT: Silver over $17/toz
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Beginning to doubt whether this is just a dead cat bounce, maybe we have underestimated the British obsession with property. Could the property cat have ten lives?
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It's going to be like this for the next 20 years IMO.
Those who caused the mess have been rewarded and those who were prudent are being punished.
It's going to get worse
There will be more bailouts for the feckless and more taxes for the industrious.
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http://www.telegraph.co.uk/finance/comment...ing-frenzy.html
Gold investors warned to liquidate after 'buying frenzy'London's leading gold forecaster has advised clients to liquidate holdings of gold and silver until the latest speculative fever abates, warning that futures contracts on New York's Comex exchange are flashing warning signals.
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The vat charged in Germany is a lot less. does anyone know if i can take delivery of the coins in germany from coininvestdirect and then bring them into the uk on a commercial flight?
or is this akin to smuggling?
It's fine to do so as long as the coins are for yourself and you are not intending to sell them when you return to the UK.
Try these guys http://www.proaurum.de/
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CID have one of their vague special offers on again, starting Saturday:
It's a 1/2 Ounce Nugget 2009 for €355 Fixed Price
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Am I mad?
You risk being arrested if you buy sulphuric acid and fertiliser.
Not worth it IMO.
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Newbie question: Got gold and iterested in swappin btween silver. To make the gain in acording the gold/silver ratio how the swaps should be done in near future?
I'm swapping 5% at 45:1, 7.5% at 40:1, 10% at 35:1, 12.5% at 30:1 etc.
The percentage must grow each time or I will be left with 50% of my silver at 1:1. Though, I will still have some silver to swap when the silver price is 15 times greater than the gold price (really)
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so I assume I would need to take it to one of the London based bullion dealers then by hand, via a telephone/email agreed pricing before hand ?
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Are you still in Wakey?
If so you could ask http://www.airedalecoins.co.uk/ for a price. They are in Bratford.
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Im in a bit of a quandary. I can buy some sterling silver medals that contain 2oz silver each and are hallmarked for 10% less than spot. Alternatively I could buy some more government minted coins e.g. philharmonics but these are 30% over spot.
Which would you buy and why?
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Medals.
- I have lots of silver bullion coins already
- I have lots of scrap silver coins too
- Silver is Silver
- There's a good market for hallmarked 0.925
- You aren't paying VAT
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I would be less nervous if gold closed above $1000.21 and stayed above it!
That's a really precise number. What is the significance of the 0.21? [Genuine question]
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Uhh I am not sure I really understand. I also have a lot of gold brittanias from CID which came in "sealed" plastic squares, which all fell out. Others just came loose. I just threw them all in the box with my sovs. Are you saying the plastic square is important? Do some coins need more care than others? I'm sure it doesnt matter.
I’m glad someone else's coins have fallen out too. I was beginning to feel like CID gave me all the crappy packaging.
I think you gold coins will be OK. Silver coins need a lot more care.
...Do not store silver coins in plastic unless it is Mylar or similar. Most PVC's release Hydrochloric acid over time, faster in sunlight and it will turn your coins black over time. Silver Britannia's are not really bullion coins because they are produced in such low numbers.
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The square plastic cover is stamped with 'The Royal Mint'. This material should be suitable if the Royal Mint are using it. Right?
where would you store the silver coins to prevent them from turning black?You can buy tubes from CID for a few quid.
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Hey guys, I need to come out of lurking and ask if anyone else has experienced this...
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I have found all the coins you mention to be over-weight too.
Test your scales with a one ounce silver Britannia, these are the most accurate coin in my experience. They should be between 32.4 and 32.6 if your scale is accurate
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why wouldn't the coins go back in I wonder ? was this after you had them for a while then ?
I ordered the day the Britannia's arrived at CID. Mine didn't come with any cardboard. Maybe CID has learnt from the experience of the early customers and is taking more care with the packaging.
Around 5% of my coins came of out the plastic while I was taking them out of the box and counting them. These were all at the edge of the ‘pages.
The coins go back in to the plastic but they don't seal properly. At least one layer of plastic fell off and couldn't be put back on. I think there was 3 or 4 layers total.
I was very very careful with them after that.
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yes, they came in individual plastic square container thingies......quite good i thought. I ordered the 2008 ones, but they sent all 2009 ones...
I thought my square plastic containers were good too.... that was until a coin fell out and wouldn't go back in.... and then another coin fell out and then another.
Be careful with them.
Mine were all connected together to form a 'page' of square plastic crap.
SILVER
in Gold, FX, Stocks / Diaries & Blogs
Posted
1920 to 1946 silver coins are 50% silver
1919 and previous are 92.5% sivler
The best unit to remember is the Shilling. There are 20 Shillings in a pound (Guinea / Sovereign). A shilling is 12 pence.
Silver coins are:
3d - 3 pence
6d - 6 pence (2 x 3d)
Shilling - 12 pence (2 x 6d)
Florin - 24 pence (2 x shilling)
Half Crown - 30 pence (2.5 x shilling)
Crown - 60 pence (5 x shilling)
There are silver 1d, 2d & 4d (also called groat) knocking around. These were Maundy Money, not really intended for general circulation. You would get a good price for these if you got a nice one.
Silver 3d was replaced with brass/nickel in 1937 for circulation. Maundy Money 3d stayed silver (I think)