gold, page-132360

Hi, Slange and All,

Like you I also constantly monitor my investments; however, I admit I do hold a higher percentage of my total portfolio in Physical metals at present and so far, it is paying off handsomely.

As I share my time between Australia and the UK some of my decisions are more to do with geography than geology. I tend to buy and hold Gold coins in the UK I cannot buy silver in the UK as it attracts 20% VAT (GST.) The Gold coins in the UK are also CGT free.

In Australia I do hold Gold but my main holding would be physical Silver.

I also have a portfolio of ASX listed shares, these days as I grow more conservative, I shy away from the junior explores and now lean more to upcoming producers.

As I said in my previous post, I have no idea if a Tomahawk missile really contains 500 ounces of silver. Clearly no arms manufactures will ever confirm or deny their particular recipes for death and destruction. Much the same way I take any government generated numbers with a large pinch of salt.

A little anecdotal information if anyone is interested. The UK Royal Mint is giving the current spot price for Gold @ £2,535.11.

The current price for the 2025 One-ounce Gold Britannia is £2,646.38 that’s a slightly higher premium over spot than in recent times.

However, itappears surprising that some of the UK Gold enthusiasts are becoming aware of the possible need of small change for future needs. There is still a fair amount of Scottish and Yorkshire blood coursing through my body that prevents me from buying certain coins.

Apparently, the Royal Mint is offering a 1/40^th ounce Gold Britannia at a price of £105.00 each. That works out to £4,200.00 per ounce, far too rich a premium for my Mums little boy!

However, I can confirm to any potential skeptics that from what I know of the folks down in the Royal Mint they would not go to the trouble of minting these 1/40^th ounce coins if there was no market for them.

All BritanniaCoins and Bars | The Royal Mint

For my own personal Gold small change my preference is the Sovereign I can make it fit my needs as I often buy my necessities in bulk. For instance, last week my wine club had an offer I though was too good to be true. The price of a wine I like was being offered at a great price, so I placed an order for 5 cases (60 bottles) instead of a single case. Up popped a red flag on my computer order and asked me to wait I was sure there was going to be bad news and a limit on the amount a member could order. Guess what the bulk buy gave me a further 15% discount. Nice to have a little win now and again.

I believe we have now seen three sperate days of over $100.00 Gold price (in 24 hours) moves during the last couple of weeks. If this keeps up next week I may make a start on laying in the bubbly for Christmas.

Cheers.