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MonkeysUncle
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Posts posted by MonkeysUncle
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- bobski and Fenlander1
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On 03/01/2024 at 23:11, Bigmarc said:
Stick to your gut instinct it rarely lets you down. Besides how old is harry if he has been putting £500 a month for 50 years.
Nay mind how old, where's he at? Worth robbing! 🤣
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13 hours ago, Kitalon said:
I don't quite understand, can you elaborate?
From my perspective I'm in the UK dealing with the XAU to GBP exchange rate. How does USD come into it? 🤔
Gold spot price us in US Dollars.
So when the Pound or Euro or whatever currency is your local one moves against the dollar the value of your gold goes up/ down accordingly.
So you have the value of the metal and the value of your currency vs the Dollar to take into account.
Personally I'm of the belief the US Dollar is going to crash and burn one day, but markets are massively manipulated and likely will be forever more. But who knows...
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Best thing to do with the equality act is shove it somewhere the sun doesn't shine. The outer Hebrides for example 😉
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2 hours ago, Kitalon said:
...Yes, I have all my finances in order, safety net, other investments, etc, if I didn't I wouldn't be starting to look into bullion as wealth preservation.
It has been really valuable hearing everyone's input, thank you all🙏, and it will certainly inform my way forward whichever direction I end up taking. But I will certainly be giving this pound cost averaging concept some further thought and investigation.
Best thing you can do. The price fluctuates so buy on several occasions spread out at intervals to minimise nasty shocks.
The other point to add to this is that as gold is priced in US dollars you also have currency fluctuations to take into account unless you're Stateside.
I will be dribbling a few quid into gold this year, but not much. Will probably end up buying 3 or 4 Sovereigns scattered through the year.
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1 minute ago, Kitalon said:
I'm not sure I follow. Surely it's better to wait until gold is cheaper so I can buy more than I could today?
You will never know when "cheap" is. Everytime you ponder you'll be thinking will it go lower... and then up she goes.
Very much a mugs game, and don't get me started on these idiots and their charts. They are fairy stories like horoscopes.
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45 minutes ago, Kitalon said:Well 2024 is here. I would like to make a significant investment in gold bullion this year, I'm just waiting for that opportune moment in time. Thankfully I'm quite patient and am in no particular hurry, I'm just wondering at what price I should come in at. I'm keeping my fingers crossed it gets down to the low 1500s, but pending no unforeseen circumstances I can't realistically expect it to fall much lower than that.
Buy some now. Don't sit on the fence.
Either throw the lot in in one shot and don't fret over short term movements or divide your pot into monthly amounts and buy some every month.
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On 15/12/2023 at 22:30, JohnA1 said:
Nobody's gonna go to great lengths to find what they don't know is there. Low profile, think like a burglar. A fancy car in the driveway attracts (unwanted) attention for example.
Heck yes, I get sick of trying to educate clients. A Porsche or other high end motor out the front attracts attention. Drive a mainstream motor and blend in with the crowd.
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On 13/12/2023 at 19:31, Sovhead said:
I heard James puts 5sov coins in his Xmas puddings……
Cheapskate 😜
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5 hours ago, SeverinDigsSovereigns said:
Only if there are more people like you! The £2 are rather unloved. 20 Yen and Canadian 10 dollars are the coins with similar sizes, and everyone loves them.
The thing is, with 20 yen and C$20 there are no larger denominations so people get those for intricacy. With sovereigns people just go to £5, esp. modern special reverse. On the other hand, there isn't much details on newer St.G&D coins so £1 will suffice.
One very unfortunate thing about the new sovereigns is the weak detail. People complain about the rosy colour and shiny surface, but often forget to mention how weak the details are. The relief is typically very low, and the quality of image reminds of old counterfeits even fantasy restrikes. The 21st century coins are a joke really... and that's RM boasting their "modern technology precision die making"
Have to agree, they are very low relief. I blame health and safety... the man bashing the die on the coin probably has a Fisher Price toy rubber hammer so as not to hurt himself.
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I don't expect a significant movement either upwards or downwards unless we have some proper shenanigans. Covid II, The Return of the BS, or Winnie the Pooh becoming US President or Vlad invading Georgia or the Chinese flooding the market or some such.
I've been perched on the fence, as usual, since I got my 2023 bullion Sov. Likely I'll hop off the fence for a few minutes to add a 2024 bullion Sov to the stash.
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On 13/12/2023 at 13:00, GoldDiggerDave said:
Well done! Imagine how many 100’s of millions if not billions they have made with people selling counterfeit goods over the years.
A huge amount I would think, the sort of big numbers that I can't get my head around.
I'm on a roll anyways, 17 listings of knock off Tissot, Omega and a Rolex so bad that a man from an undiscovered tribe somewhere up the amazon would know was dodgy all taken down.
The moral of the story obviously being don't buy Swiss watches or bullion or indeed many things from ebay unless you are very finely tuned in to what is what. With gold coins I simply always buy from trusted dealers. There are plenty of dodgy coins you guys call out and I simply wouldn't have recognised as dodgy.
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I only collect the standard Sovereign.
One of the often stated reasons to collect Sovereigns is liquidity: a 400 pound Sovereign is easier to sell on than an 800 pound double... more buyers out there as 400 quid is more accessible to more people than 800 quid.
The half Sovereign tends to have higher premiums, and for my eyesight is too small to enjoy the detail.
I'm not averse to buying year sets of the different sizes, but as I buy to invest and not to collect per se then premiums are a major consideration for me.
Truth told I prefer a nice 24carat 1oz coin. Now I've committed heresy! 😄
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17 hours ago, monkey said:
Congratulations! I'm yet to buy any gold or sovs yet. Just have a pure silver stack/collection so far. i am sorely tempted to start the sovereign game but need to clear some debt first.
Absolutely the one rule I advise anyone is to clear debts in preference to investing or saving money. Interest payments are money that would be better in your pocket, not someone else's.
Only exception for me is a mortgage; but I'm still locked in at 1.something % for a couple more years.
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On 19/10/2023 at 08:27, GoldDiggerDave said:
Well this doesn’t happen often for eBay , I ordered some Land Rover copy mud flaps for my car off eBay as I was not going to pay £150+ for a set at the main dealer. I took a punt and got some off eBay for £20. They are original land rover parts! they have the original part numbers and the have attempted to file off the Land Rover badge.
I’m gonna complain to I the seller I ordered copies not originals 🤣
If you decided to fork out at the dealer you'd probably not have had them yet either. JLR have tried to reorganise their parts logistics to one big warehouse instead of lots of little ones. Its gone as well as any Government job! There's 10,000 broken customer cars sat at dealers waiting for parts....
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13 hours ago, RoughDog said:
Not been here for some time.
Anyone tell me the state of collectability of the queens best 1/4 gold coins series 1?
Are they just bullion like the brits?
Not sure whether to sell them or is it not worth bothering with?
Thanks,
You'll definitely fetch more than bog standard Brits.
Would suggest you think of a premium that would make you happy, paste up an ad here and see if you get any bites.
The coins are of interest to me, but I'm a tight arse!
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Echoing what has been said - proof coins are worth no more than bullion in a dealers eyes.
It's gold and is traded on weight at usually a little below spot price.
If you want to realise value from the proofs then private sale is the way.
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On 02/10/2023 at 11:27, Skyhawk747 said:I'm looking to invest so I can sell in 10-15 years' time.
I would steer to buying now, as the alternative is to sit on the fence and waste time/ worry etc. I have a horrible history of sitting on fences. Sometimes it works out well, others badly.
On your timetrame I would suggest buying, putting it away somewhere safe and forgetting about it day to day. Look at the spot price onceca month or once a quarter or whatever. Or not at all.
The other alternative if you really do fret about short term ups and downs (I suffered terribly from this) is to buy small amounts frequently. So maybe go and buy a couple of Sovereigns or whatever and then repeat in a months time and so on until you've invested the cash.
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3 hours ago, Sovhead said:
If you hadn't checked and double checked it would have been as bent as a £9 note though. Extreme caution required on fleabay, they are less and less dealing with problems: not precious metal related but I am considering paying an unannounced visit to a seller to educate him via the sense of touch not to rip people off...
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46 minutes ago, SiCole said:
My condolences!
Bit harsh!
The mantra I follow is that silver is very speculative and should be a small part of an investment portfolio and that you should accept you may not get the money back, ever.
Bit like a three legged horse at Haydock Park... but one day all the four legged horses might just fall on their arses!
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Hopefully the postie will deliver mine tomorrow... and also hoping it won't disappoint.
Touch wood I've not been displeased with any new bullion Sov yet, it's the 999 silver and gold that RM seem to screw up in my personal experience.
1 oz gold bar - Perth Mint or Credit Suisse?
in Gold
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I voted Perth, but as been said above be EXTREMELY careful where you buy from. Trusted dealer or contacts otherwise you'll have a bite taken out of your ass.
Having said that, I'd buy neither of these and take a coin instead.