Member Info for thornyone

'nobody should be selling to dealers below spot'.
Why should dealers have to pay spot? They can refuse to pay anything if you do not give them a cast-iron guarantee about authenticity. How do you propose to do this?
DYR

Thanks for your reply breaktwister. Good luck with Ebay. I have checked them. They all seem to be professional dealers selling well over spot. They also include shipping+insurance and guarantees of authenticity.
Its another story If you want to sell privately on Ebay you have to pay Ebay 10 per cent and PayPal another 3 per cent for transferring the funds, plus you will have to pay shipping+insurance. But the biggest drawback is, how do you get seen on Ebay? Only if you offer a big discount. But who is going to trust you? Perhaps you are genuine but was conned into buying fake coins. Another point, at the moment everyone is trying to stack silver. But when the price hits £100 an ounce, everyone will be trying to sell and very few will want to buy. HAGD

An often overlooked risk of holding metal is that when the time comes to sell, there is no guarantee what you'll get for it from a bullion dealer. Around half the spot price? You'll be lucky.

https://www.marketwatch.com/press-release/elon-musk-says-lithium-refinement-needs-to-ramp-up-dramatically-2023-01-31. FYI

And I'm guessing maybe who the buyer is. He wrote on 22 Jan 2023: 'Lithium refinement needs to increase dramatically'. None other than Mr E Musk

Strange thing happening imo. Total share issue 4.3 billion, more than 6 billion shares traded in the past four days. Some shareholders must be jumping in and out like rabbits :-)

Too complex for me but thanks Donalb. I'll stick to the Times Xword puzzle to pass the time

donalb, would you kindly explain why Euribor has relevance. Is it not for interbank transactions only, up to one year max.? My point was that, since late last year when interest rates went up by approx. 4 per cent, IG can earn 4 per cent on its bank deposits, so effectively nullifying ISCID's ruling.
Re approximation symbol. I am sure it is clearly visible on your computer in 'word', but it does not translate well using this platform. Mathematicians beware.
What is your problem Oilfieldhand / amateur optometrist?

Thanks, One person's enlightenment is another's befuzzlement.
My glasses are from Specsavers. They are designed for a distance of 30 cm from the computer screen on my PC.
Another pair is for long distances. For close up reading I don't need glasses. Life can get complicated.
Anyway, about time the ITI's paid up. I see they doing an 8 billion $ deal with the Libyans for gas. So $200 m would be a drop in the ocean

Thanks Donalb, but you seem to have your minuses muddled

Does anyone know how the original 4 per cent interest change was arrived at? Perhaps it should be increased in line with increasing interest rates world-wide, say to 7 per cent :-)

I was hoping your answer would be a valid reason for caution Slater606. No such luck. You are basically saying the SP will either go up or it will go down.

May I ask you a question Slater606: Is there any good reason why a permit would be refused?

Sorry $1954

Gold £1954. This will make the profit takers think twice
The only way to derisk is to hold bullion. Holding cash is expensive at 10++ per cent depreciation pa.

Gold and silver are the only real money. The leftie protestors know it, however hard-bitten.

What gold price would be beneficial to HOC?

Yes Stanley, but my thinking , for what it is worth, is that 75bps will crash stockmarkets and investors will turn to gold in much larger numbers

I think it might be 75bps

Gold price in GB£ at an all-time high