Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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
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)
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
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 :)
...or if it even flags at all, does anyone know why it wouldn't show on the board. I bought through X-O.co.uk
As for the company, this is a cashcow, bar the wheels falling off I dont see why it cant get to £1 a share. I am happy to lose the lot for a chance to 3x my money in a few years.
This board gives me headaches...
The bet for me is this, do you believe the powers to be will issue more debt? There is a correlation between money printing and asset prices I know this because I trade gold coins for a living. If you believe assets are bubble waiting to happen then you should hold cash, if you believe the powers to be will further inflate the bubble because they are backed into a corner then what does it matter about the individual politics on this board?? Or for that matter what does it really matter what company you are invested in within the sector because the sector will rise as a whole.
If the business borrows money at a fixed percentage and the western governments keep printing money it's an incredibly cheap way of raising cash as gold will increase relative the money supply. Ive used this trick in my own business its very effective...
Just my 2 pence, make of it what you will.
Been lurking for a while, I am actually a gold and silver coin dealer by trade.
I bought into Hum at 40 (ouch haha) BMV and APF, maybe my thinking is slightly off due to the fact I trade gold everyday but I just dont see how this isn't a bargain. Even if you take away the noice of management etc the way they are pumping money into the world economy tells me that whilst the shine has come off gold its certainly the sector I want to be.
I will throw more money at HUM this tax year and probably fill my ISA, Im 30 years old if its good money after bad Im ok with that...