HillWalkerDundee

To me, silver is a thing of beauty, more so than gold. Why wouldn't i get excited when a piece of art turns up on my doorstep. So many beautiful pieces out there. I suppose if we are going to stack, it may just as well be something that is pleasing to the eye and the heart.

To me, silver is a thing of beauty, more so than gold. Why wouldn't i get excited when a piece of art turns up on my doorstep. So many beautiful pieces out there. I suppose if we are going to stack, it may just as well be something that is pleasing to the eye and the heart.

To me, silver is a thing of beauty, more so than gold. Why wouldn't i get excited when a piece of art turns up on my doorstep. So many beautiful pieces out there. I suppose if we are going to stack, it may just as well be something that is pleasing to the eye and the heart.

At that price, may have to break my rule and start selling

So, if you had two batches of, say, 1 ounce Britannias. Each batch was at a different price, say, 50 of one batch and 50 of the other batch. If I came in and asked for 100 Britannias, would you sell me 50 at one price and 50 at another?

@dicker
Although each purchase would be recorded by invoice i.e. on a coin by coin, batch by batch basis, you would not be able to sell on that basis.
In these instances, I would expect the sales price to be based on the average cost of stock.
 

I'm pretty sure they will not let me starve, but...
The traditional pension model is at it's end - taking in money and giving it out, with added tax money to pay government pension. Changed demographics do not make it feasible in the future. I understand that. So they said (it was around 2005) the traditional plan would be cut down to a minimum over the next decades and people had to supplement their pension payments. Okay. But they are still taking an obscene sum of everyone's pre tax income to feed the traditional model. Sum total it is more than I would get with a minimum pension. If I could keep at least half of that and divert it into sensible pension investment I would be happy. Then they invented some additional pension investment tools that make the banks and insurance companies happier than the investor. On top of that pension suddenly got taxed. And I'm pretty sure when I will reach pension age, they will have added the rule that any income from pension investment will be calculated against the minimum government pension.
Better to live now...

The big financial aspects in life are usually wages, house and pension. You take responsibility for your work, you take responsibility for your house, you should take responsibility for your pension. If you dont understand your pension then learn. It is too large a sum not to. The OP also mentioned a SIPP. As a self invested vehicle there is no one other than yourself to make invest ment decisions i.e. No scam.

I actually really like your stupidity plate, and the fact it tells a story is even better!

@Bigmarc @KevinFlynn
Kevin, you are right to be concerned about your future financial position post retirement. I am a baby boomer, I don't apologise for that, but I am in a ridiculous position where I am post retirement, no debt, no rent / mortgage, am still working (because I want to), get a state pension which isn't that far off what I earn and I don't have to pay any National Insurance. I pay a lot of tax but no N.I. Ridiculous.
I am in the works pension fund. They match my 7.5% along with the Government's 20% top up (pre tax deduction). 
ON top of that, I have a SIPP (my investment + 25% Government top up), an ISA and my PMs.
I do not intend to use any of them if I can avoid it, they are my inheritance.
Learn about stocks, funds and trusts. Do not trust grown ups. Every single person who writes about investments has an agenda and are not to be trusted.
Get your house secure and make sure it isn't taken away by the State if you need to go into a care home.
HOpe that helps.

 

As an investment it is tat. As a thing of beauty, it is lovely. My walls are decorated with lots of pieces of art that i would never sell because I find them to be pleasing to the heart, the eye and the soul. You may be the only person in the world that likes it, that is enough. In the early 80s I went to an auction and there was a two foot wide Chinese plate. It was pleasant enough to look at and worth £20 max. Bidding started and one bidder gave me a dirty look. That did it for me and my pockets were deeper and I won the bid at £100. Five times its worth. My "stupidity plate" has pride of place on the wall. A constant reminder that emotion and investment are not good bed fellows. My better half hates the collage shown at the bottom left of the image, I love it.

As an investment it is tat. As a thing of beauty, it is lovely. My walls are decorated with lots of pieces of art that i would never sell because I find them to be pleasing to the heart, the eye and the soul. You may be the only person in the world that likes it, that is enough. In the early 80s I went to an auction and there was a two foot wide Chinese plate. It was pleasant enough to look at and worth £20 max. Bidding started and one bidder gave me a dirty look. That did it for me and my pockets were deeper and I won the bid at £100. Five times its worth. My "stupidity plate" has pride of place on the wall. A constant reminder that emotion and investment are not good bed fellows. My better half hates the collage shown at the bottom left of the image, I love it.

The big financial aspects in life are usually wages, house and pension. You take responsibility for your work, you take responsibility for your house, you should take responsibility for your pension. If you dont understand your pension then learn. It is too large a sum not to. The OP also mentioned a SIPP. As a self invested vehicle there is no one other than yourself to make invest ment decisions i.e. No scam.

The big financial aspects in life are usually wages, house and pension. You take responsibility for your work, you take responsibility for your house, you should take responsibility for your pension. If you dont understand your pension then learn. It is too large a sum not to. The OP also mentioned a SIPP. As a self invested vehicle there is no one other than yourself to make invest ment decisions i.e. No scam.

The big financial aspects in life are usually wages, house and pension. You take responsibility for your work, you take responsibility for your house, you should take responsibility for your pension. If you dont understand your pension then learn. It is too large a sum not to. The OP also mentioned a SIPP. As a self invested vehicle there is no one other than yourself to make invest ment decisions i.e. No scam.

The big financial aspects in life are usually wages, house and pension. You take responsibility for your work, you take responsibility for your house, you should take responsibility for your pension. If you dont understand your pension then learn. It is too large a sum not to. The OP also mentioned a SIPP. As a self invested vehicle there is no one other than yourself to make invest ment decisions i.e. No scam.

The big financial aspects in life are usually wages, house and pension. You take responsibility for your work, you take responsibility for your house, you should take responsibility for your pension. If you dont understand your pension then learn. It is too large a sum not to. The OP also mentioned a SIPP. As a self invested vehicle there is no one other than yourself to make invest ment decisions i.e. No scam.

@Paul.
Certainly supply and demand is at the core of product movement but the economy is the key driver. 18 months of the pandemic has left many on their knees. We have seen death, illness, lower levels of income, higher costs, empty shelves, no fuel, NHS waiting lists through the roof, kids with limited education and it goes on and on and on and on.
I dont't believe that as many people have the luxury of, or the state of mind for, investing in / stacking of silver as before whereas sellers, who are subject to the stresses of holding illiquid assets, are looking for a market that has diminished.

@Paul.
Certainly supply and demand is at the core of product movement but the economy is the key driver. 18 months of the pandemic has left many on their knees. We have seen death, illness, lower levels of income, higher costs, empty shelves, no fuel, NHS waiting lists through the roof, kids with limited education and it goes on and on and on and on.
I dont't believe that as many people have the luxury of, or the state of mind for, investing in / stacking of silver as before whereas sellers, who are subject to the stresses of holding illiquid assets, are looking for a market that has diminished.

Yes, 50s and 60s, it was just normal currency, pockets were fully of halfpennies, pennies, threepences, sixpences, shillings, florins and half crowns. So many coins were Victorian an Edwardian including the shiny stuff. I was not aware (and I dont know anyone who was, aware of the silver differences. adults were too busy rebuilding the country after the war. (Which reminds me, all this moaning about baby boomers, everything we have we worked for and worked bloody hard for)
I wont be caught out again though. As the xenophobes start to mint "true British" currency, all trace of the European experiment will be air brushed from history. I am collecting one of every decimal coin ever minted for each of my two grandkids.

I remember when these were change in my pocket. I should have, could have etc.

Yes, 50s and 60s, it was just normal currency, pockets were fully of halfpennies, pennies, threepences, sixpences, shillings, florins and half crowns. So many coins were Victorian an Edwardian including the shiny stuff. I was not aware (and I dont know anyone who was, aware of the silver differences. adults were too busy rebuilding the country after the war. (Which reminds me, all this moaning about baby boomers, everything we have we worked for and worked bloody hard for)
I wont be caught out again though. As the xenophobes start to mint "true British" currency, all trace of the European experiment will be air brushed from history. I am collecting one of every decimal coin ever minted for each of my two grandkids.

I love the QB series, adding the next one to the collection shortly. Also the Dominion Bank of Toronto.

Yes, 50s and 60s, it was just normal currency, pockets were fully of halfpennies, pennies, threepences, sixpences, shillings, florins and half crowns. So many coins were Victorian an Edwardian including the shiny stuff. I was not aware (and I dont know anyone who was, aware of the silver differences. adults were too busy rebuilding the country after the war. (Which reminds me, all this moaning about baby boomers, everything we have we worked for and worked bloody hard for)
I wont be caught out again though. As the xenophobes start to mint "true British" currency, all trace of the European experiment will be air brushed from history. I am collecting one of every decimal coin ever minted for each of my two grandkids.

I am a regular watcher, i like a balance to the rampers in life. It helps to be a cynic in life when it comes to money. People like Neil McCoy-Ward and Tom Winnifreth, whether you agree with them or not, are a necessary counter balance that keeps feet on the ground.