What is Going on With Gold Sovereign Premiums?
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- čas přidán 28. 07. 2024
- A deep dive analysis on why is currently going on with gold sovereign premiums. The presentation looks at several reasons why the premiums are high and some events that caused the market to boom for gold sovereigns. Is the current trend sustainable? What am I doing whilst the premium for the gold sovereign coin is so high?
Dealers over heads have increased like the rest if us. Rates, leases, heating, staff pay etc. That must be part reason for increase in premiums.
I am not a dealer.
I'm not too bothered with 'premiums'...if I have the 'disposable' cash, I buy...I look at it as simply 'Swapping' FIAT paper currency held in someone else's Bank, which loses purchasing power almost daily,...into Real Money in MY possession with no Third Party Risk. Be your Own Bank people 😉 Be aware tho, that only 'legal tender' Gold coins (like Sovereigns) issued by the Royal Mint are free from CGT and VAT. 😃
They don’t even have a denomination how are they legal tender?
@@InappropriateShortsThe word Sovereign is another word for Pound, therefore legal tender . Because a Sovereign is generally well known, its stature in economics is accepted and doesn't need the words Sovereign or Pound on it , you'll know when you have a real sov in your hand 'it just feels different 😉
Despite the up in premium, it still is the cheapest 1/4 oz(approx) you can buy.
About a year ago, here in Greece you could buy sovs from dealers at spot or max 1-2% over. Now atleast +4% for bullion.
BUT the premiums on new bullion sovs(2022) is ridiculous 20-25% over! (for those buy from Germany:))
Gold sovereigns and 20 francs are the best!
New sub, great information, thanks for sharing 👍
Rare is a word used unrealistical in Marketing. Ebay sellers for example.
I bought a very nice 1900 Old head yesterday. I've been holding off for a couple of months, I thought the price of a full sovereigns was going to drop but they have remained above £400 for a while now and Gold has started to rise again. I am glad I bought that coin when I did because I see a very similar coin, for sale today for £484.40 lol, not a kick in the ass off £500.
I think gold sovereigns will be selling at £400 + for a while, right up until they are 500 +.
I am just an amature collector/ stacker so my knowledge in this area is limited.
Just swapped a Charles Coronation sovereign for a 1964 Gillick (Young Head). I am very happy with that.
I only have 3 kg in mixed silver but my gold stack is all full and half sovereigns.
Thats all I do is buy sovereigns....I bought some just the other day here in the UK and they carried a premium of only 4.4%.....What I do find annoying is that most bullion dealers don't advertise on their website what percentage of premiums are there on their coins/bars
Nice video. Up to 35 Sovereigns. The core of my Gold Stack.
Really enjoyed the video and subscribed. Re: Truss, she had the right idea but was outed by the "Bloc" who have put in their Puppet Sunak. We have had the same economic policy for well over 25yrs which has failed abysmally. They are expecting a different outcome from the same tired old fiscal Policy....................... And they blame Truss for the shtf. Couldn't make it up.
7% premium is already a steal for us here in Australia. LCS and bullion dealers are charging 18% random years
Ten percent of that is GST. So there's a similar premium.
that is interesting to know. I heard something about there being a premium on gold coins in Australia. Probably similar to the VAT of 20% we have to pay on silver and platinum in the UK
@@dleetr maybe the whole global market it tight at the moment then?
@@dleetr hmm.. I didn’t consider GST actually
We don't pay consumption tax on precious metals 999 or above. So it's sovs, Eagles and Krug's and our version of constitutional that we get shafted on
I live in the USA, and I can only dream of getting the sort of tax exemptions on bullion purchases and sales that you UK residents get to enjoy on your Gold Sovereigns and Britannias.
Can you imagine if in the US, gold bullion was exempt of sales tax at purchase and capital gains tax upon sale, in all US states and territories? One can only dream of such wonders, which I’m absolutely certain that we’ll never see in America in my lifetime.
Count your blessings, UK-resident friends.
The number of people stacking has risen considerably over the last few years, SHTF moments like the war or currency crisis or investments towards your pensions. Factor this with panic buying towards higher premiums from dealers?
I agree, its just that premiums are not rising across the board, they are mainly rising in sovereigns
@@goldanalystuk1072
Most advice nowadays on PM with greater liquidity (UK) is sovereign’s seem a logical choice, and being fractional even more appealing, maybe this leans to higher premiums to counter classic supply demand?
Royal mint are always the most expensive ,,,buy at coin shows I've bought at Spot
My guess is the Spot Price is the Spot Price, the premium takes into account inflation on energy, labour, rates, profit and other increasing trading and living costs. How else can a LCS Bullion dealer cover these costs if not through the premium… maybe charge an entry fee to their shop? I think not. The premium is where all costs are covered.
Change dealers.... I did, there is a lot more out there than just buybullion.
I collect half sovereigns and the prices are so high I cant afford to collect them now iam earing that they go for 180 .190 I never seen these sites full sovs 385 I can't find these sites if anyone knows any sites would be appreciated 💯
I am currently charging 10 percent in 🇺🇸as a small dealer
its 12300 currently
I like sovereigns have for a while seems if I want a bag of shit the price of fertilizer goes up 😂
Dealers do not pay spot for sovereigns, always a bit less, then they mark them up by 7 to 8% these days. Used to be a lot less only a few years ago. Liz Truss was not a WEF puppet, that is why the market hit us.
Auronum pays above spot for sovereigns. You are 100% correct, Truss was not a globalist so would not have been given much of a chance
For a concrete profit in retail we mark it up at least 50 percent.. hmmmm.. favourable conditions for profiteering mark up would be three or four times as much.. and yeah I am not a greedy sovereign.. yup..
@@goldanalystuk1072 I will look Auronum up, thanks.
@@peaceleader7315 retail jewellery always has had a large mark up. Bullion was until recently 2 to 3 %
@@tombinkley2688 I will not involve within your industry.. yet I do need your logic.. hmmmm...
Sovereigns don’t have CGT and there frictional low value.