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I'll drop you a subscribe at least, good on ya. I love IT when hobbies and interests turn into a business for someone.
FUNK THE 9-5 AND PAYE LIFE
Thats the one yes, as you can see I back up my talking with evidence in the form of videos haha
No problems from me, plug away.
Is this your link?
https://www.youtube.com/channel/UCq_QFirElk7nHDGGmltMm0w/videos
Most people message me on my YouTube and take it from there.
I will try and help everyone regardless of if it is buying/selling or just needing advice. I dont want to turn this chatroom into me talking about my business I think its poor form I bought into Hum (and others) as I wanted exposure out of physical and into the miners.
If anyone does want to message me, just drop me a line on my YouTube I can be found at Shaun Oliver
What are the protocols here about asking for Shaun's contact? Is there a private chat? Is asking frowned upon?
Lol. I posted that before seeing we had a pro on board... ignore me. Listen to Shaun. :D. Although for the record, my preferred gold stack is also semi-collectable sovereigns and the occasional 20 Franc when I can find a nice one.
I wouldn't touch the hummingbird coin I was tempted to get some 1/10 coins in but the premium is very high. I tend to sell 1oz coins for 2.5 to 3% over on bullion gold coins. I pay 98% for them when they come in. Other plays will pay more but I dont have the firepower of your atkinsons etc.
Testing is very easy. for coins if it weighs right and the dimensions are correct 99 out of 100 its right. For bars there have been lots of fakes mainly Perth mint in plastic carding. The way to check these is turn them on their side. From my knowledge they were faked with copper and Tungsten. Tungsten is not viable anymore and was only being used for the bigger bars and copper is way too thick (hence why you ask for a picture on its side)
The Hummingbird "coin" is not a bad deal... and I've been tempted. I think if my investment in HUM comes off, I will almost certainly buy one as a momento. But one technical correction is that its a "round", not a "coin" so it's premium needs to compare favourably to bars. So it's a little more expensive, but for something fun and unique, it's pretty cool. But I can still get a Britannia cheaper:
https://atkinsonsbullion.com/gold/gold-coins/2021-gold-coins/2021-uk-britannia-1oz-gold-coin
The security thing, is relevant if you're trying to sell privately, where a 2021 Britannia is probably the most trusted bullion globally. Im not worried about buying fake gold. A magnet and scale generally will ferret out most fakes. I'm more worried that I'll need private investors to trust my gold, when selling and anyone who has the ability to test your bar, will not give you best price. Also, most small bars come in a plastic, sealed cases which make testing tricky.
Yes 100%. I lean more towards silver but I specialise in the semi numismatic part of the silver market (Bullion coins that are semi collectible). I also keep gold in the reserve specifically young head and shield back sovereigns when I can pick them up for the right price.
In terms of your comment concerning being crazy to pay 35% over you are slightly misguided as a dealer I pay £3 over per coin, the reality is this. Most coins are bought and sold on the peer to peer market, its premium in and premium out. If you are paying 35% and then taking it to a bullion dealer you will get taken to the cleaners
Shaun, you stacking silver or gold at the moment?
coin dealer not a coin ha
If anyone has any questions about buying or selling physical coin or bar then please direct your questions at me as I am a coin by trade I have been a coin dealer for 4 years as a professional and I have been collecting for over 15 years. Off topic but relevant to the current discussion :)
That's actually not a bad deal, that works out at a 6.5% premium after FX over curent pog. When you consider the premium of circa 35% for a silver 1oz coin, you'd have to be stark raving mad to buy silver over gold at the moment if you was a stacker.
Might as well buy some of your own gold!
https://bettsinvestments.co.uk/product/1oz-hummingbird/
I think paranoia is creeping in a bit there. It's not hard to assay metal any pawn broker or jewellery can do it in seconds.
CGT... Never, you've withdrawn money from the fiat backed financial system, no one knows you have it, unless you're daft enough to tell someone.
Premium, the closer you can get to spot the less risk you have, always buy second hand as no vat.
I am too just some fella on the internet though ;-P
I wouldnt buy a bar. Quick summary below, but do your own investigation *I'm just some guy on a chat group:
In the UK, rather stick to Britannias for one ounce or larger purchases and Sovereigns for smaller fractionals. Coins carry a slightly larger premium, but they maintain that premium when you sell. They are also more liquid to sell casually as their authenticity is easier to prove. This is a valid worry as there are loads of fake bars on e-bay and elsewhere. Coins, particularly the new Britannias, are much harder to fake. Most importantly, Britannias and Sovereigns are money, with currency denominations, so they are exempt from CGT. Bars are not. All investment grade gold (including the 22k Sovereigns) are VAT exempt. Silver and platinum etc unfortunately are not, so the 20% extra on say a silver or platinum Britannia does burn. I can recommend Atkinsons for generally having the best prices, but Bullionbypost, Chards, Bleyer are all legit. Use the Royal Mint as a pricing benchmark. Anything cheaper than them is fair. Although if buying bullion grade gold (ie not collectable numismatic stuff) try find pre-owned. It's a bit cheaper to buy, but carries the same price when it's time to sell.
Some good deals about on second hand bars low premium and no VAT
On kitco or one of the others yesterday i saw 10g bars going for 450 sheets with zero vat and free delivery. I was very tempted.
Now sure the wifey would have been as happy though
Some good deals about on second hand bars low premium and no VAT
On kitco or one of the others yesterday i saw 10g bars going for 450 sheets with zero vat and free delivery. I was very tempted.
Now sure the wifey would have been as happy though
Some good deals about on second hand bars low premium and no VAT
On kitco or one of the others yesterday i saw 10g bars going for 450 sheets with zero vat and free delivery. I was very tempted.
Now sure the wifey would have been as happy though
A pleasant surprise,
This cant be bad for gold, banks (in the long run), the banks customers and us.
It made me think seriously about buying some physical gold just out of principle to add to the squeeze. Even if its just one 1oz coin.
https://www.kitco.com/news/2021-06-22/Basel-III-to-trigger-liquidity-squeeze-gold-price-could-be-looking-at-2-100-by-year-end-Goldex-CEO.html
Ballio