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Lordwolfsbeard

Silver Premium Member
  • Posts

    392
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  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Haha
    Lordwolfsbeard reacted to daca in Where is Lawrence Chard?   
    At home counting the reeds on his sovereigns.
     
     
  2. Haha
    Lordwolfsbeard reacted to Bigmarc in Where is Lawrence Chard?   
    He probably put his phone down, looked out of the window and decided to discover the world again. 
    😎
  3. Haha
    Lordwolfsbeard reacted to MancunianStacker in Gold Monitoring Thread £ GBP only   
    Hold the line!!
     

  4. Like
    Lordwolfsbeard got a reaction from CallumHSLimited in 20 * QE2 Full Sovereigns   
    1 X 1958 please.
  5. Like
    Lordwolfsbeard reacted to EdwardTeach in Gold Monitoring Thread £ GBP only   
    Whow there she blows!
    £1,659.59
  6. Thanks
    Lordwolfsbeard reacted to HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only   
    I click on these videos expecting to hear hype, misinformation and somebody to try to sell me something. This video was a pleasant surprise:
     
  7. Haha
    Lordwolfsbeard got a reaction from ArgentSmith in Run on US bank   
    I think you need to put a “”Tin foil” hat on the sheep in your avatar? 
  8. Like
    Lordwolfsbeard reacted to Paul in 2023 Britannia Reverse Proof set release date?   
    Portraits have been announced for the reverse proof sets
    birds of a feather 🪶🪶🪶 flock together 

  9. Like
    Lordwolfsbeard reacted to Paul in Run on US bank   
    Ok
    have you paid your ULEZ fee today ?
    After you've already paid your Vat, income tax, ni, pension contributions, interest on your depreciating vehicle, interest on your vehicle loan, interest on your vehicle insurance, etc
    Yeah it's all conspiracy 
  10. Sad
    Lordwolfsbeard got a reaction from Paul in Run on US bank   
    I think you need to put a “”Tin foil” hat on the sheep in your avatar? 
  11. Like
    Lordwolfsbeard got a reaction from Sy007 in Investment Advice Needed Please   
    Thanks again Sixgun. 100% agree. On R T Kiyosaki podcast I watched recently he said the same; the dollar is dead and he is only buying gold/ silver coins.
  12. Thanks
    Lordwolfsbeard reacted to JohnA1 in What would you do? Gold buying dilema   
    for a bit over 100 squid you can get a half-decent  EMF meter and measure yourself (it may not be continous energy flow like a running microwave oven, more like occassional sharp pulses, so you'll have to experiment )
    Encasing the 'meter' in a Faraday cage may not be a bad idea. Metal all around it. Tinfoil works well, no need for lead. Even EMF fabric shielding may do the job, the meter will show the difference.
  13. Thanks
  14. Like
    Lordwolfsbeard got a reaction from stackerp5 in *Reduced* Ancient Silver Roman Denarii Coins Posted *Deals Added*   
    No 8 please.
  15. Like
    Lordwolfsbeard got a reaction from sixgun in Investment Advice Needed Please   
    Thanks again Sixgun. 100% agree. On R T Kiyosaki podcast I watched recently he said the same; the dollar is dead and he is only buying gold/ silver coins.
  16. Like
    Lordwolfsbeard reacted to NGMD in Investment Advice Needed Please   
    Lots of sound advice from members which usually goes over my head.
    The universal advice for precious metals is to buy CGT free coins. Whatever you buy remember it is only worth the spot price(weight). Paying stupid prices over spot is not an investment, but a collection.
    Avoid proofs unless you have inside information about a winner (very very rare).
    1st- Get a safe deposit box. Cost you to start about £120 a year and comes with nominal insurance cover. Price will fluctuate where you live.
    Create a spreadsheet with full cost, description, trade details, of the coin/bar and insert image for your family if you croak it. Encrypt the file.
    My goal is to have a 1oz of gold a month to sell on my retirement to top up my pension.
    Wealth is all about spreading your risk. Premium bonds, ISA, pension , ISA., shares. Do not put more than the Government Insured value in one organisation.
    Simple eh?
  17. Like
    Lordwolfsbeard reacted to Gordy in Investment Advice Needed Please   
    As someone said before, i think it's precious metals advice you are after and something that's easy for your family to get their head around if you pop your clogs.
    I'd go the sovs and investment bullion silver route, you may go a bit collector on slightly higher premium silver too once you get fully into it but good coins will always sell.
    avoid proofs....
    for ease of passing on you could always get a member of your family who shows an interest to sit with you and navigate this site and if something does happen then leave them your pw etc and they can post questions on here and get advice on selling the stack...
    no-one would let your family get ripped off.. 
  18. Like
    Lordwolfsbeard reacted to Bratnia in Investment Advice Needed Please   
    Don't concentrate into just gold alone, include some stocks as well, a broad low cost stock index fund. As per Tortoise bought/held in a SIPP. SIPP's can (subjectively) be passed on exempt from inheritance tax.
    Britannias/Sovereigns are capital gains tax exempt, which provides a opportunity to ramp up the cost/price paid whilst the going is good. Record selling them to a family member, and repurchasing them back again at the current spot price. Neither of you would have any taxes to pay (or even report), but the price paid would be higher (assuming prices had risen) so any taxes that did later perhaps apply would be based to a higher cost base. Ideally with records of the actual financial transactions, £50K of original gold purchase, later the price/value had doubled; £100K lent to a offspring, who then bought £100K of gold from you with that, and then later you bought £100K of gold from them and they repaid the £100K loan with the sale proceeds. With bank records of the cash flows. Cost base of the gold = £100K, so even if the rules changed to tax gains there'd be no capital gain tax. Could be contested, but at least you'd have the receipt/bank transaction records of the (last) purchase date/value to present as evidence that indicated the £100K price paid for the gold. For such reason Sovs/Brits are 'better' than bars/other. I see no harm in mixing/holding both. Heirs would most likely be able to distinguish the differences. Sovs will tend to have higher spreads but are more liquid (more easily sold). But if sold in bulk then a reputable dealer would be just as content to buy in bulk of either.
  19. Like
    Lordwolfsbeard reacted to Tn21 in Investment Advice Needed Please   
    The benefit of physical metals is that it is tangible and somewhat off the records to an extent. 
    Buying coins or bars in theory should not make much of a difference (gold is gold) but as you may or may not know sovereigns and Britannias are capital gain tax exempt for the time being atleast. 
    Having standard bullion sovereigns will be easier to liquidate and there is no real need to worry about valuing them at the time unless they are special year designs or key dates. If you did go down the standard bullion sovereign route you can rest easy knowing they can atleast achieve 98% of spot at the time. 
    From what I have understood and experienced about gold so far is that it will be a fantastic private pension. Given your time horizon I think you & your family could probably utilise the metal at the time of retirement. 
    Whether you pass it down or sell it to fund a car,holiday,house work, children's education etc the hope would be it would have appreciated over time the 20 years. 
    I think you will have to also establish whether or not your family take a keen interest over the years if not your better of selling it and giving them the £. 
    Coins or bars get anything and everything. Others will disagree but over time you may develop a liking for one more than the other. 
  20. Like
    Lordwolfsbeard reacted to Darr3nG in Charity auction   
    £750 bid (and a separate small donation to a very worthy cause)
  21. Haha
    Lordwolfsbeard reacted to FourNinesFine in Pure gold content: premium of sovs vs brits   
    Out of interest, who or what are the Shoeshine boys? 
  22. Haha
    Lordwolfsbeard reacted to James32 in First gold purchase   
    One man's ceiling is another man's floor. 
     
  23. Super Like
    Lordwolfsbeard reacted to slack in Fractional Gold   
    Yes. I worry about the same issue, Ive got terminal lung cancer so in time my 'collection' will be passed on, so its 'sellability' is a critical factor, I suspect many a coin collection that has been carefully and lovingly put together over many years has been passed on to a new generation only to be broken up and sold off cheaply either through ignorance, carelessness or even dodgy dealers taking advantage of the sellers lack of knowledge, my only answer to this is to keep the collection as simple as possible (not easy) and leave copious notes with the collection for my son to decipher in years to come, best wishes to all
  24. Like
    Lordwolfsbeard got a reaction from QuantumStacker in Run on US bank   
    New World Order.
  25. Thanks
    Lordwolfsbeard got a reaction from Spyder in 2013 1oz Gold Britannia. £1635 Posted SOLD   
    Pm sent.
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