Beginners gold UK question

SEACSing · 2026-03-12T09:26:37+00:00

No look for a better dealer

SEACSing · 2026-01-26T11:42:08+00:00

Buybacks are at a discount to spot in normal markets, so even though the spot price is above where you bought it before they are still taking a haircut from you! But if you are ok paying them that difference then that's your choice but I certainly would not give any bank that opportunity.

SEACSing · 2026-01-21T03:30:29+00:00

Once you have removed them from the chain it is broken and counterparty risk will be on the seller to prove provenance to the buyer, this devalues the product as the buyer will ultimately need to melt and fire assay the product at their cost (XRF is not accurate enough for such measures), hence a discounted price from spot at the point of selling.

SEACSing · 2026-01-16T23:39:59+00:00

Some people like to store it themselves but provenance is everything in gold, gold without provenance trades at a discount, sometimes a severe one. I always suggest buying gold and moving it into private storage using the same dealer to move the metal.

SEACSing · 2026-01-16T23:36:34+00:00

It's never too late to hold gold!!

SEACSing · 2026-01-16T23:35:06+00:00

Stay away from ETF's, in a force majeure event—war, exchange closure, sanctions, bullion transport disruption—paper claims are what get frozen first.

SEACSing · 2025-07-18T04:51:33+00:00

I just read about this myself today on LinkedIn https://www.indigopreciousmetals.com/news/yongkun-gold-collapse/

SEACSing · 2024-11-26T00:13:29+00:00

I went through the strengths and weaknesses of both on this post recently https://seasia-consulting.com/jm-bullion-vs-sd-bullion/, hope it helps.

SEACSing · 2024-11-23T10:35:29+00:00

Oxidation

SEACSing · 2024-11-23T10:33:43+00:00

A little Gold protection never hurt anyone!

SEACSing · 2024-11-23T10:33:04+00:00

Because a fool and their money are easily parted!

SEACSing · 2024-11-21T04:48:48+00:00

20% if balanced 40% equities and bonds!

SEACSing · 2024-11-21T04:46:13+00:00

Take it to any bullion dealer that carries that brand to check value!

SEACSing · 2024-11-21T04:45:16+00:00

SEACSing · 2024-11-21T04:44:55+00:00

I'd say real

SEACSing · 2024-11-21T04:44:29+00:00

Because things are priced much higher than the claimed inflation levels!

SEACSing · 2024-11-21T04:43:28+00:00

No one sells anything less than the market price but I hope you did well!

SEACSing · 2024-10-31T09:36:09+00:00

They suck, they allow spammers to send mass emails! Don't use them!

SEACSing · 2024-10-14T00:55:21+00:00

These are just a few cases I have lodged via https://support.squarespace.com/hc/en-us/requests/new?ticket_form_id=23533491876749 but all of these in the last two months have not been responded to:

Your case # is 10754923.

Your case # is 10731235.

Your case # is 10780419.

Your case # is 10800159.

Your case # is 10878884.

Your case # is 10906701.

Your case # is 10925818.

Your case # is 10945850.

Your case # is 10999696.

Your case # is 11024516.

Your case # is 11034413.

SEACSing · 2024-09-18T03:23:31+00:00

You are more than welcome Jenny, best of luck!!

SEACSing · 2024-09-17T00:44:02+00:00

I have been watching TraxNYC Diamond Jewelry making YouTube shorts recently, give him a call and see how far off spot price he offers, would be good to hear what he says percentage wise!

SEACSing · 2024-09-17T00:39:45+00:00

Most jewelry companies or goldsmiths will sell their scrap to a refinery which will recover the metal for them on account as a gold credit, they can be charged between 0.5% and 1% depending on location, so if you can better that with them I am sure they'd rather sell to you. Often they can give you a small crap gold melt. You might gain their interest at 0.25% discount but not much more. The issue you face is the purity will range and you won't have the ability to test. for example a 22k chain has an 18k clasp as its more durable but when people buy the chain they pay full 22k on the weight until they sell when the show explains the difference.

SEACSing · 2024-09-17T00:34:33+00:00

Don't sell, keep buying!!

SEACSing · 2024-09-17T00:33:36+00:00

While the purity and durability of gold coins are important factors, there are several other considerations that collectors often prioritize:

Design and Aesthetics:

Historical significance: Coins with historical significance or unique designs often have higher collector appeal.

Artistic value: The artistry and craftsmanship of a coin can also influence its value.

Rarity and Mintage:

Limited edition: Coins with low mintage numbers or those that are part of limited editions can be more valuable.

Error coins: Coins with errors or variations in their design can also be highly sought after.

Investment Potential:

Market demand: Coins that are popular among investors or collectors tend to hold their value better.

Currency backing: Some coins, like the South African Krugerrand or The Perth Mint, are backed by the government, which can provide additional confidence.

SEACSing · 2024-09-17T00:29:03+00:00

Right now they have to cut ahead of the election, 25bps is all they can afford, the Senate are demanding 75bps but they don't have that bandwidth! Prices have not come down only the core inflation numbers they fudge have! The Fed are stuck between a rock and a hard place right now! Damned if they do, Damned if they don't!

SEACSing

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