Kefi Gold And Copper Share Discussion Threads

[topicel] 21/7/2020 09:19

Goatie - the dollar has weakened in purchasing power. I can't believe you posted 5028 in all seriousness?!

Topicel

[topicel] 21/7/2020 09:18

Agreed about the gold bug scenario and types Goatie. They are potentially another stopped clock scenario, except in a yearly version, right twice every 24 years!

However, when they are then certainly PMs can take some serious bids. You will no doubt recall the Bunker-Hunt days in the late 70s into 1980 when silver went crazy and almost touched $50 then!

I mentioned last week as it moved into $19 that it was time to take some silver and I wished Kefi had some in the ground - well, in significant quantities anyway. It is already $20.28 I see...

Imagine that $50 inflation adjusted for today, should it be repeated. But therein lies madness, so overall I take your point.

Topicel

[goatherd] 21/7/2020 08:59

Divmad,

Please remind me, when was the all time $ high in gold? Some years ago, I think!

So it has gone DOWN since then.

[divmad] 21/7/2020 08:20

You don't have to be a gold bug to observe the price of gold in GBP advancing over 1 year, 5 years, 20 years or 50 years. It is a statement of fact that is bound up in the false prosperity of fiat money.

[scars] 21/7/2020 08:19

2000 is certainly feasible in the current climate, stock indexes still looking over valued relative to income and could be a flight at any time.

[goatherd] 21/7/2020 08:16

duplicate - sorry

[goatherd] 21/7/2020 08:16

There are always predictions of vast increases in gold prices. These are often made by people called "gold bugs", who have vested interests. They may be right, but are very often wrong. Also often driven by conspiracy theories.

I do not think they should play any part in investment decisions. Sorry to be a dampener!

However I accept there are some good grounds for expecting increased gold prices at the moment

[topicel] 21/7/2020 07:54

Good morning and thanks again to all.

1812 seems to have played out its blooming overture now! The 2001 (Space) Odyssey is underway and as Estseon mentions there are plenty of market reasons for that to be a reality sooner rather than later too.

It could well be $2,500 imho, which will be a wonderful thing for those with a mine in construction...

Now, let's be having that 1.8p in the rear view mirror!

Topicel

[neilng] 20/7/2020 22:38

Gold prices predicted to hit record highhttps://www.telegraph.co.uk/business/2020/07/20/gold-prices-predicted-hit-record-high/?WT.mc_id=tmgliveapp_androidshare_AvqCQhszD78b

[estseon] 20/7/2020 20:38

Tops,

If you believe that the talks with the EU will result in a deal, wait for the bounce of GBP upon that news. Otherwise, gold seems to be consolidating at around this level and pundits expect to see it launch off again. The US election is in November and the uncertainty will build in all likelihood - the market has plenty to worry about. Have a look at BullionVault 1 oz Britannias are also CGT exempt. The premium on the Britannia (over bullion) seems to be about 9%. Unless you want to hide the coins in the house or garden, the bullion will be the better bet and sod the CGT benefit unless you see gold appreciating above about $2,500 or current GBP equivalent.

[jlwilliams] 20/7/2020 18:22

Happy to give links to silver boards on FB if anyone wants

[topicel] 20/7/2020 16:45

Thanks JLW, Divmad and digger.

Plenty of food for thought there and my first take away is I'll be doing the researching and probably the buying as it looks easy to be taken advantage of if you have absolutely no idea...

Second, avoid the RM to get better deals. And maybe stick with gold coins, sovereigns?

I did like the legal tender for court costs digger - sounds about right...

Topicel

[divmad] 20/7/2020 16:44

JL Williams, I'm not on FB but I sure would like to know how to buy silver coins in BU condition without paying vat. The only way I have discovered so far is through Chards' Pre-Owned Special Scheme.

[scars] 20/7/2020 15:48

2p tomorrow.... cross everything!

[mister md] 20/7/2020 15:44

interesting price action from 15:40, a few ATs caused the ask to spike to 1.8 again ?

[jlwilliams] 20/7/2020 13:29

divmad...first there's no need to buy from the mint and pay vat. second, yes, there is a "premium" if you want to call it that, but the coins hold their value fine (given the price of silver is stable). The FB groups are excellent, and some guys organise bulk buys from mints at virtually no mark up, saves a lot.

[divmad] 20/7/2020 13:19

You can buy gold sovereigns from reliable online UK dealers for around a 5% mark up on spot. I use Chards and Baird's.

[divmad] 20/7/2020 13:18

Topi, I am a big fan of buying gold and silver bullion coins as a long term inflation savings hedge. But you have to be very careful what you buy and where you buy it. I definitely wouldn't buy from the Royal Mint as their profit margins are scandalous. The biggest problem is with silver coins, as the margin mark up is much higher than for gold bullion coins, being based on a smaller value item but with all the design and minting costs the same as for gold. As well, you have to pay VAT on them but not gold legal tender coins. Right now, for instance, with 1oz of silver spot at £15.40, you will have to pay around £21.50 plus delivery for a 2020 Britannia. More, for other coins like the Maple Leaf or American Eagle or Aussie Kookaburra.

[scars] 20/7/2020 12:50

POG pressing slowly and steadily up...

Where is that funding news!

[topicel] 20/7/2020 12:18

Goatie - interesting that gold in pounds chart and link.

I presume you dabble in bullion, either gold or silver or both? Do you recommend coins as, in these Covid/Brexit days and ahead I personally am more interested in the physical too, rather than exposure via ETFs and, of course, the likes of Kefi!

It seems to be a premium to the actual price buying coins though, but CGT is exempt and they are (at least silver is) legal tender if one buys Royal Mint struck items.

Interested in anyone's thoughts on the subject. Our daughter has become one of the many redundancies we can expect to see and is asking what she should do with her package. After setting aside a year of bills etc., I have hinted at precious metals but something than can be converted back into currency if need be.

Thanks for the link but they are clearly making a business out of it too so I'd hate to advise her to buy too many or at all if there is not much in it. The mattress comes next of course!

Topicel

[topicel] 20/7/2020 10:39

Enough with this 1812 overture now! Let's move on to some real rock 'n' roll!

As for this 1.8p, it is looking equally stubborn. With the new board appointment making the recent RAB backing look and feel more solid, our own dam appears to be ready to burst.

Petit à petit as they say round these parts...

Topicel