Steve Netwriter Posted January 14, 2009 Report Share Posted January 14, 2009 edit: that took ages to line up properly! Yeah, oh for being able to post tables ! I just do a screenshot and post the picture Link to comment Share on other sites More sharing options...
aardvark Posted January 15, 2009 Report Share Posted January 15, 2009 thats quite a mark up on the Britannia's. even the krugs have a hefty premium from cid - i think i would buy phils from them if i was going to buy atm. Link to comment Share on other sites More sharing options...
darreng1000 Posted January 15, 2009 Report Share Posted January 15, 2009 thats quite a mark up on the Britannia's. even the krugs have a hefty premium from cid - i think i would buy phils from them if i was going to buy atm. the way i see it is that because Brittania's are CGT free, I may be spending £45 extra now over a philharmonic (even though they look much nicer) but I will be possibly saving myself a tax bill of £2000 per coin a few years down the line! Link to comment Share on other sites More sharing options...
lupercal Posted January 15, 2009 Report Share Posted January 15, 2009 the way i see it is that because Brittania's are CGT free, I may be spending £45 extra now over a philharmonic (even though they look much nicer) but I will be possibly saving myself a tax bill of £2000 per coin a few years down the line! Arn't Phils legal tender as 100 Euros. Link to comment Share on other sites More sharing options...
wren Posted January 15, 2009 Report Share Posted January 15, 2009 Arn't Phils legal tender as 100 Euros. Only in Austria, I've read. Strange considering that they are denominated in euros. Link to comment Share on other sites More sharing options...
signofthetimes Posted January 15, 2009 Report Share Posted January 15, 2009 the way i see it is that because Brittania's are CGT free, I may be spending £45 extra now over a philharmonic (even though they look much nicer) but I will be possibly saving myself a tax bill of £2000 per coin a few years down the line! I'm thinking of selling some krugs on ebay and buying Brits with the proceeds - anyone know what the selling costs / commission are for gold coins on ebay ? Link to comment Share on other sites More sharing options...
azazel Posted January 15, 2009 Report Share Posted January 15, 2009 I'm thinking of selling some krugs on ebay and buying Brits with the proceeds - anyone know what the selling costs / commission are for gold coins on ebay ? I asked some one on ebay how much the fees were on the sale of their krugerrand. They said got around £650 if the sell it for £680. I thought that wasn't too bad compared to a dealers fees. Whats the general opinion on where gold in UK£ is heading in the short term? My BV account is primed. Link to comment Share on other sites More sharing options...
warpig Posted January 15, 2009 Report Share Posted January 15, 2009 In my amateur opinion, we are in a period of consolidation but by March I expect gold to have breached the £600/t oz price tag with its upward onslaught. I asked some one on ebay how much the fees were on the sale of their krugerrand. They said got around £650 if the sell it for £680. I thought that wasn't too bad compared to a dealers fees. Whats the general opinion on where gold in UK£ is heading in the short term? My BV account is primed. Link to comment Share on other sites More sharing options...
chazza Posted January 15, 2009 Report Share Posted January 15, 2009 Bearish flag formations in gold and silver in GBP being formed? Link to comment Share on other sites More sharing options...
azazel Posted January 15, 2009 Report Share Posted January 15, 2009 In my amateur opinion, we are in a period of consolidation but by March I expect gold to have breached the £600/t oz price tag with its upward onslaught. So, in your amature opinion, do you think I should wait and see what next week brings? I know its hard to tell but whats your gut feeling? Link to comment Share on other sites More sharing options...
warpig Posted January 15, 2009 Report Share Posted January 15, 2009 I would say yes. I know the world can come crumbling down at any moment and why risk missing the boat, but... I think you can afford a week IMHO. I'm taking my time on my next silver purchase, I'm keeping my eye on the market, but I will probably fill my boots next week. So, in your amature opinion, do you think I should wait and see what next week brings? I know its hard to tell but whats your gut feeling? Link to comment Share on other sites More sharing options...
warpig Posted January 15, 2009 Report Share Posted January 15, 2009 Sorry I meant to add, I am aiming for just after the Inauguration next week. Link to comment Share on other sites More sharing options...
enrieb Posted January 15, 2009 Report Share Posted January 15, 2009 A short interview with Sean Boyd, CEO of Agnico-Eagle Mines and CNBC's Maria Bartiromo. http://www.cnbc.com/id/15840232?video=999822152&play=1 GFMS press release predicts new all time high in the first half of 2009 http://www.gfms.co.uk/Press%20Releases/UP208_overview.pdf http://www.gfms.co.uk/ Link to comment Share on other sites More sharing options...
nicejim Posted January 15, 2009 Report Share Posted January 15, 2009 Sorry I meant to add, I am aiming for just after the Inauguration next week. It wouldn't surprise me to see the price come down after then, but not for too long of course. Link to comment Share on other sites More sharing options...
moroboshi Posted January 15, 2009 Report Share Posted January 15, 2009 100 kronen one seems pretty decent value. £578 for almost a troy oz seems alright. In fact, have a chunk of a spreadsheet I did as I can't attach it: 4 Dukaten Neupragung 13.76 Gramm 13.76 £261.06 £18.97 100 Kronen 30.49 Gramm 30.49 £578.47 £18.97 1000 Schilling, Babenberger 12.15 Gramm 12.15 £231.07 £19.02 8 Florin (20 Fr.) 5.81 Gramm 5.81 £110.76 £19.06 50 Mex. Peso 37.50 Gramm 37.50 £714.89 £19.06 Top 5 cheapest in £/g from CID. edit: that took ages to line up properly! Interesting data, thanks! In ounces of gold per pound these the 'best value' coins, so what would be the downsides (I'm guessing there are some given the price!) versus Krugs etc? Just less demand, less saleable? I'd never really considered these and others before - showing my ignorance of the physical market! Link to comment Share on other sites More sharing options...
warpig Posted January 15, 2009 Report Share Posted January 15, 2009 Harder to sell. Interesting data, thanks! In ounces of gold per pound these the 'best value' coins, so what would be the downsides (I'm guessing there are some given the price!) versus Krugs etc? Just less demand, less saleable? I'd never really considered these and others before - showing my ignorance of the physical market! Link to comment Share on other sites More sharing options...
Steve Netwriter Posted January 16, 2009 Report Share Posted January 16, 2009 The latest 5 year Kitco Gold Index chart for gold: Link to comment Share on other sites More sharing options...
aardvark Posted January 16, 2009 Report Share Posted January 16, 2009 4 Dukaten Neupragung 13.76 Gramm 13.76 £261.06 £18.97 100 Kronen 30.49 Gramm 30.49 £578.47 £18.97 1000 Schilling, Babenberger 12.15 Gramm 12.15 £231.07 £19.02 8 Florin (20 Fr.) 5.81 Gramm 5.81 £110.76 £19.06 50 Mex. Peso 37.50 Gramm 37.50 £714.89 £19.06 Top 5 cheapest in £/g from CID. edit: that took ages to line up properly! does this take into account the gold content? most of those are only 90% Link to comment Share on other sites More sharing options...
signofthetimes Posted January 16, 2009 Report Share Posted January 16, 2009 does this take into account the gold content? most of those are only 90% AFAIK, CID quote the gold content, not the coin weight (I've questioned them on this before) Link to comment Share on other sites More sharing options...
aardvark Posted January 16, 2009 Report Share Posted January 16, 2009 AFAIK, CID quote the gold content, not the coin weight (I've questioned them on this before) ahh, i think you're right, i just checked the weight of a sovereign and its only 7.31g and not the 7.98g they actually weigh. Link to comment Share on other sites More sharing options...
Gebb Posted January 16, 2009 Report Share Posted January 16, 2009 Here's a very interesting item from the Ticker Forum: Indiana considering a bill requiring gold accounts for state. Here's the bill. Synopsis: Use of gold by the state and local government. Requires the treasurer of state to designate one or more electronic gold currency payment providers to be a payment provider for the state and political subdivisions. Requires the treasurer of state and fiscal officers of political subdivisions to: (1) maintain one or more electronic gold currency accounts with a designated electronic gold currency payment provider; and (2) conduct all monetary transactions of the state or political subdivisions through electronic gold currency accounts. Provides that an electronic gold currency payment provider must use an electronic gold currency unit that constitutes a monetary unit of account and represents a claim of title to and ownership of a specifically defined, fixed weight of gold held by an independent specie vault. Specifies that a specie exchange with which an electronic gold currency payment provider associates must conduct the business of exchanging gold and silver coin, legal tender of the United States, and the electronic gold currency of the electronic gold currency payment provider. Provides that after December 31, 2009, the state and political subdivisions may not compel or require any person to recognize, receive, pay out, deliver, promise to pay, or otherwise use or employ anything but gold and silver coin (in that form or in the form of a designated electronic gold currency) as media of exchange with respect to certain payments. Provides that after December 31, 2009, a person receiving certain payments from the state or a political subdivision has the option of accepting payment in either legal tender of the United States or in electronic gold currency... Zero chance of it being enacted, I would have thought. Link to comment Share on other sites More sharing options...
creditcrunch Posted January 16, 2009 Report Share Posted January 16, 2009 Hear, hear ! Gave up being concerned as soon as price in sterling blasted through £500. Who cares about the buck ? All this chop is largely irrelevant. Yup, Looks like its going back up again! Link to comment Share on other sites More sharing options...
nicejim Posted January 16, 2009 Report Share Posted January 16, 2009 Here's a very interesting item from the Ticker Forum: Indiana considering a bill requiring gold accounts for state. Here's the bill. Zero chance of it being enacted, I would have thought. True, because this bit makes it unconstitutional ...has the option of accepting payment in either legal tender of the United States or... Link to comment Share on other sites More sharing options...
Steve Netwriter Posted January 16, 2009 Report Share Posted January 16, 2009 IMO there is far too much attention paid to the GoldUS$ rate. Here is the 5 year GoldEUR chart, showing a clear upward trend: And here is the 5 year GoldGBP chart, also showing a clear up trend: The recent 'strength' of the US$ means that GoldUS$ will be lower than the other crosses. Link to comment Share on other sites More sharing options...
azazel Posted January 16, 2009 Report Share Posted January 16, 2009 I would say yes. I know the world can come crumbling down at any moment and why risk missing the boat, but... I think you can afford a week IMHO. I'm taking my time on my next silver purchase, I'm keeping my eye on the market, but I will probably fill my boots next week. hmmm, dooh. Looks like bank troubles has pushed the price up again and possibly broken the down trend. Link to comment Share on other sites More sharing options...
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