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Johny

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    United Kingdom
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    Lancashire

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Johny's Achievements

  1. Johny

    Time to sell?

    Ah ok, I did question myself as to what I'd said wrong 😁
  2. Johny

    Time to sell?

    Sorry I didn't mean to sound harsh in my replies not my intention at all, I'd never ask for advise then be purposely rude to someone giving it Yes maybe I'm reading and watching too many horror stories of a massive crash and losses so I'm panicking Last year in December I had a serious accident left me in a wheelchair for 6 months I lost my job and now can't walk properly which affects my line of work so I'm currently unemployed. Not easy finding a new job doing something you have no clue about Im not mentioning this for sympathy think I'm trying to explain where my fear of losing money comes from, the gold and bitcoin is for my children to try help them when they need it. Now I'm out of work I'm living off savings but once they go not sure what's next, hopefully not breaking in to my investments Im leaning towards selling 5 of the bars and keeping 5, the money from the 5 I'm going to think hard and learn where to invest it wisely. Thanks for all replies
  3. Johny

    Time to sell?

    You are so wrong actually, couldn't be further from the truth When I bought both gold and crypto it was so I didn't spend the money and had it to fall back on when I needed to, was for my children like a savings account especially the gold I expected to cash out at the price I paid not get rich from it Moderator said can't talk about other stuff but my last mention on crypto, never did i expect it to go up so much in a year, again wasn't bought to get rich quick was a little savings to fall back on for the kids The problem with any investment, especially for someone like me with a non trading background is knowing who to believe I'm sure many have that problem even if knowledgeable, nobody can predict the future Thank you for all replies though I'm taking everything on board, I was going to buy shares last year but felt it was too risky as I don't fully understand how it works I'm presuming we'd all like to be rich but it's not a priority for me I'm happy getting back my initial investment I don't want to lose out and if I make money great but a loss isn't good And what's there to spend money on when more lockdowns are on the way at some point not like we'll be going on holidays or driving freely in our new sports cars, carbon tax will take the enjoyment out of that 😉🙈 You are so wrong actually, couldn't be further from the truth When I bought both gold and crypto it was so I didn't spend the money and had it to fall back on when I needed to, was for my children like a savings account especially the gold I expected to cash out at the price I paid not get rich from it Moderator said can't talk about other stuff but my last mention on crypto, never did i expect it to go up so much in a year, again wasn't bought to get rich quick was a little savings to fall back on for the kids The problem with any investment, especially for someone like me with a non trading background is knowing who to believe I'm sure many have that problem even if knowledgeable, nobody can predict the future Thank you for all replies though I'm taking everything on board, I was going to buy shares last year but felt it was too risky as I don't fully understand how it works I'm presuming we'd all like to be rich but it's not a priority for me I'm happy getting back my initial investment I don't want to lose out and if I make money great but a loss isn't good And what's there to spend money on when more lockdowns are on the way at some point not like we'll be going on holidays or driving freely in our new sports cars, carbon tax will take the enjoyment out of that 😉🙈
  4. Johny

    Time to sell?

    Thank you everyone for your honest replies, yes it was the Robert guy saying it and funnily enough he's selling a book so maybe that's why he's saying about the crash As for the great reset and world economic forum being a conspiracy it's outlined in their plans that we will own nothing it's their actual motto so I don't feel it's a conspiracy but I don't want to turn this in to a debate as neither of us can be certain but that and Kyosaki has got me thinking there's a chance of a crash coming 😎 My plan has always been to hold on to it like I have with my bitcoin I also got last year, ideally I'd like to buy more crypto for trading with and making profits but it's so volatile and I'm not sure I'd do it right so 'hodling' is what I'm doing with that but I thought if gold is going to crash then I'd sell now and buy back in at a good price I am in fear of losing my money yes and getting rich from the gold isn't a priority, it isn't something that happens over night with gold and as I only have a small amount anyway I won't see much profit on it even when the price does go up I may do what Bigmarc has done and sell 50% it's only a small amount but at least iv got almost half back in cash what I paid. Dicker yes iv been thinking of using some money to buy shares but again I need to educate myself further before doing this
  5. Johny

    Time to sell?

    Last year I bought ten 1 ounce gold bars and they've lost 3k in value already, I'm not clued up on trading , buying and selling or understand how markets works I just read and watch others and try make a decision Lately I'm seeing a few people on other platforms talk about a massive crash and if you're up to date with the plan for a great reset by Klaus analschwaab then you'll know the elite plan is to bankrupt us all because their motto makes it's obvious thats their agenda I'm interested in what people think on here , iv heard 1 guy say in his yt video that gold silver and crypto is going to crash hard and that's when he'll buy more, I'm thinking of selling the gold and holding on to the cash to buy back in at a lower price. Do you think it's going to drop or raise in price ?
  6. Haha thank you for the heads up and advice 😁
  7. I am a complete 'newbie' to any type of investment, I do not understand much at all and all I have seen the past 24hrs is the price of my gold and bitcoins go down, can someone reassure me and or educate me in these types of investments. Should I throw in the towel and sell both now or hold on?
  8. Johny

    Advice on gold

    Thanks for the replies to my questions, just hoping i'v made a wise decision
  9. Johny

    New to buying gold

    Thank you for your replies, guess i'v got a lot to learn. I heard there was going to be a financial crash and physical gold was safer than money in the bank so i used part of my savings to buy the bars not wanting to make a profit (certainly don't want to lose any) but to know when the time comes I can get back what I paid, hopefully 🤞
  10. Johny

    Advice on gold

    Are bars liable to this CGT then?
  11. Johny

    New to buying gold

    Thank you for the quick reply, think I need to learn about this CGT as i'v only just noticed it mentioned but is it a tax we have to pay when selling gold bars? I am moving to Portugal this year and planned to sell there if I did decide to sell. Does the CGT apply there? Thanks
  12. Johny

    Advice on gold

    Sorry to jump in on the thread, new to gold and just bought 15 x 1 ounce bars. Not so much to make a profit and definitely not to lose any money but what is cgt? Is it a tax I have to pay if I sell the bars? I am planning to move to Portugal this year will this cgt apply there?
  13. Johny

    New to buying gold

    Hi everyone, i'm new to buying gold (uk) and after a week of trying to buy 15 x 1 ounce bars from a local dealer iv finally made a purchase One thing i'v noticed, on the sites I look at it gives a price for gold, say £1459.95 an ounce but to buy it the price higher. What is that price and why is the sell and buy different to it? I know the sell price will always be lower so the dealers can make a profit but why do they sell at a higher price than what the gold price is, i'v a lot to learn but as long as I don't lose my money i'm not too bothered on making any and when I come to sell i'm happy with getting back what I paid What is peoples prefered buys, bars or coins? Why is an ounce bar a different price to an ounce coin and when coming to sell are the values different? I'v bought bars should I buy coins too?
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