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Posts posted by modofantasma
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On 12/05/2021 at 17:41, PeteUK1960 said:
Hi all, this is my first post glad to be here with you all,
OK, so I`m 61 and retired, I was hearing lots of scary stuff about the collapse of currency banks etc and decided to do something for myself. Without getting any advice I went to the royal mint and spent half of my savings on 1.5 Kg of gold in 500g bars. At the time I paid 68000 pounds and its now around 63000 spot price.
I`m told the because its bullion any profit will be subject to CGT and that I should have bought coins. I`m probably here too late but would welcome any advice.
Cheers Pete
I wouldn't see the benefit in selling at a loss to buy more gold. Sure if you needed the money quickly you might have to take a hit.
Could there be a possibility of trading? Eg could you swap 1 of the bars with someone for xx number of sovereigns or 1 oz coins. It might suit someone whose stack has grown beyond their expectations and wants to consolidate some of it instead of having loads of different pieces.
If you don't need the money at the moment though why not just wait until you're back in the green then sell at break even or a gain and buy in your chosen pieces?
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- Scaffstacker, Tn21 and MrTT
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2 hours ago, Tn21 said:
@SovUK started me off with the 2002
@arshimo2012 with the proof 2005
Next will be a 2012 bullion at some point when I can.
Love both these coins. Thank you to you both
Keeping my eye out for a 2012 too. I just got a bullion 2005 recently. The proof looks fantastic
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- daca, richatthecroft, MickB and 12 others
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18 minutes ago, NewCoins said:
Wonderful pictures. Thanks for sharing.
What he said
- richatthecroft and NewCoins
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1 hour ago, sixgun said:
The SLV claimed it added an impossible amount of silver at the beginning of the silver squeeze.
This is when silverbacks were still in with Wall Street Bets and weren't as aware of the corruption. Then it was realised how much silver the SLV claimed to add - just impossible, so it didn't happen.Now we see the LBMA made an 'accounting' error - miscounting - adding 3863 tonnes of silver to its claimed inventory it never had.
Funny the amount the SLV claimed to add to its inventory (which the LBMA counts in with its stash) was 3415 tonnes.
i just wonder if the SLV just made it up. It added nothing to its inventory. It was just smoke and mirrors.
The squeeze is squeezing.When I'm counting up my silver stack I sometimes accidentally miscount by 3000 tonnes, come on... It can't just be me? 😂🙄
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Gold on the move too
Curious as what will happen when London opens tomorrow
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2 minutes ago, HerefordBullyun said:
Silver up 4.22%v as I write this
Caught a really good entry around 7 this morning on the trading account just closed it out 🤤
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10kg the metal content alone was worth just over 400k it didn't say the selling price but said there was supposedly a buyer already in the article I read
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Has anyone seen the 10kg gold completer coin? They've apparently made just 1, over 400 hours to make. I saw the news section on Bullion by post website. Have a search for it online 😍
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Some 100 oz bars on baird mint coming in looking "cheap" with vat compared to a lot of sales even on the 2nd hand market at the mo.
- Arganto and CollectorNo1
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- Fishface220, goldmember44, trp and 14 others
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100g bars arrived super fast from @ilovesilverireallydo@ilovesilverireallydo and some small gold bits from Hgm.
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Bought a few @Moxbars... Here's a selection of the different sizes.
The mark on this 500g looks like the adhesive off the bubble wrap packaging... Anyone any ideas to gentle clean it off?
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9 hours ago, Tn21 said:
I'd need at least 2 of those stackers if I bought any 😂 that stackable stackyness
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19 minutes ago, Arbkev said:
Another nice selection of South American silver plus a coin from Mozambique from @DuncanWylieWilson, who seems to have an endless supply of really nice coins.
Yes I can vouch for @DuncanWylieWilson too he certainly has some interesting stuff, might aswell just set up a direct debit with him haha
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A couple of pieces from @DuncanWylieWilson another good transaction thanks mate.
- damok666, SILVERFINGER, MikeG1978 and 9 others
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Today I Received.....
in General Precious Metals
Posted
First saw some cast gold in person last year. Finally got some without converting my entire stack into a single piece 🤣