danieldorkins

54 minutes ago, gji25 said:

It has,nt finished yet

Must buy the dip before I miss it! 😌😔

Is it just me or is this the most bloody awful interpretation of Britannia?

Britannia, the female personification of the British Isles, has featured on every printed Bank of England note. This is the earliest example in our collection. She holds a shield and olive branch and watches over a 'bank of money', symbolising the wealth of the nation.

(Thanks to Google.)

looks like a gay Roman centurion about to lick an ice cream!  Wokeism gone wrong or what? and this on International Womens Day. Royal Mint and Marie-Alice Harel lost the plot and should be ashamed of themselves!

5 minutes ago, Earthmetal said:

£8 per round, what the heck are you firing, Silver .50 cal Werewolf rounds?

See, that's the problem, to work out if its worth it, we  immediately convert everything into fiat, in this case 1oz gold against 200 rounds of ammo and then consider it outrageous because you can buy it elsewhere, what you have to do is forget the fiat currency value and consider what the value would be to you at that moment in time commeth the day, money (fiat) is going to be of no use, you will need goods to barter, you want to go and shoot rabbits for food, you need ammo, I have ammo but actually in this situation I wouldn't want your gold either (it will be of no use) but if we should ever approach a terrible time in our lives such as this there would be people who would be only too happy to accept gold (more fool them) in exchange for desperately needed goods.

Just thought I would get in early as I don't believe we are that close to a situation such as this so I might make a few bob in the meantime whilst fiat has some use! 😉😉

To keep on topic gold is 1675

9 hours ago, m3rlin said:

The real value of gold it's the one in the now. The value of everything it's the amount of money people are willing to pay to have that thing. The value of money it's the energy,time and ideas people use and consume to create other goods that are useful for other peoples that again are doing same thing.

As Seykota said: "The price of an ounce of gold never changes. It always sells for exactly an ounce of gold".

1661 as I type, my reaction was great! then I thought post apocalypse it will be 200 rounds (insert your own figure) of ammo or maybe a sheep, certainly not 1661 bits of paper, I will offer the ammo now subject to FAC. any takers? Meanwhile back into this moment 1663 so 210 rounds offered.

56 minutes ago, CANV said:

Gold is the marker of real money..   it’s May well be 6 months off the pace..  it may be fecked by money printing , zero interest rates and off balance sheet manipulation… but eventually it’s gets where it’s going..  and that’s a good bit higher    

 So what is the real value of gold? ever since I took an interest in owning "real money" all I have seen is it being valued by "fake fiat money" money that is described as worthless i.o.u's, constantly devalued by inflation, QE etc etc so why do we come back to valuing gold this way? spot is now 1666 but given the above what does that actually mean?

So what is the answer according to all the knowledgeable folk bandying around these figures connected to gold, I would realy realy like to know 🤔🤔

6 minutes ago, Beanyman said:

 

My mate has one of these,

At least he can move his, mine sits in the yard waiting for me to build a carriage, was tempted by 2 others in an auction but my wife is not too happy about my expenditure lately!

apologies for going off topic, will stop now!

2 hours ago, Beanyman said:

I thought firearms were fired using fire, i.e. gun powder hence the term FIREarm, a cross bow must be an ARMarm as you need to load using your arms.

If you need real firearms for the cause, I could be tempted to exchange for the right offer of gold😁

2 hours ago, stefffana said:

Have a guess about Nostradamus's predictions (gold related):

14
The great credit of gold and abundance of silver
will cause honor to be blinded by lust;
the offense of the adulterer will become known,
which will occur to his great dishonor.

 

28
The copies of gold and silver inflated,
which after the theft were thrown into the lake,
at the discovery that all is exhausted and dissipated by the debt.
All scrips and bonds will be wiped out.

"Possibly feeling vulnerable to religious persecution, he devised a method of obscuring the prophecies’ meanings by using quatrains—rhymed four-line verses—and a mixture of other languages such as Greek, Italian, Latin and Provencal, a dialect of southern France"

He was actually French but from the above quote not sure what he would have been saying, I've been trying for 50 odd years to understand!

Wishful thinking and dreaming! personally, I am happy with hopefully fending off a bit of the effects of inflation that apparently is going to disappear before the election!

That's life, s..t happens, get over it and think of your blood pressure!

3 hours ago, StackToCollect said:

As someone else said previously, there's no right or wrong answer, it's down to personal preference and your goals.

I've always felt that gold bullion is the main thing for me. This is because the premiums are quite tight compared to everything else you've listed, and therefore I should be able to always get a reasonable return on it at any time. I will only pick up silver when I can get a good deal on second hand from a dealer. 

My issue with collectibles is that, as pretty and enticing as they are (and boy do they tempt me a lot!), I perceive them to be a very different type of investment as they are worth what the highest bidder is willing to offer when you want (or quite possibly need to sell them. I feel this is a point that isn't always considered. If you have a sudden mishap and need cash urgently, you might not make money on the bullion you sell but you should at least be guaranteed a fair price for it. But if you're forced to sell an obscure graded coin, you might not be able to sell it unless you discount it significantly. 

I'm also a little wary of you saying you bought from dealers and were "steered in the direction of collectibles". In my experience, any dealer that is steering you to collectibles is trying to rip you off. Your average dealer might make £30-£50 on a 1oz bullion coin, but is probably making £300 off a graded one so it's a good investment - for them! They often won't even buy them back and you're left in the situation I described above - forced to sell it at a discount unless you are fortunate enough to find a collector desperate for that particular coin. Some of them also charge obscene prices - I once saw 1 dealer selling a set for £20,000 that another had listed for £8,000! If I've interpreted your post correctly, you may want to double check the going rate for the graded coins you bought and compare that to your purchase price.

Having said all that, there probably is more potential profit in collectibles, so I wouldn't discount them entirely but my preferred portfolio would be mainly gold bullion.

 

Tl,dr: I like gold bullion because it has low premiums and has a universally agreed value whereas collectibles have a very subjective value and I perceive that value as being harder to recoup.

As I have a bit of time on my hands I have looked at this quite carefully and critically and I agree with pretty much all your comments. I started with no knowlege,  I made some inquiries and the dealers who replied were the ones pushing collectibles, graded coins etc and I had a lump of money burning a hole!, I haven't regretted the purchases and  yes, I paid high premiums but sincerely believe I was not ripped off.

the view then was to stash it away for the next generation, thoughts of "what if" did not enter my head, now I have had a couple of years and discovered TSF and given my situation a more considered approach, I have come to the conclusion that to concentrate on stacking bullion is now the best way forward, mainly because I can only add small amounts now so this rules out any expensive sets etc, however, I do enjoy the "pretty" and "collectible" ones (like a 69 graded 2021 gold completer that I have, just something about it!) the sets that I have I will just keep an eye on, I might be tempted to move on if the price is right and reinvest back into bullion, I like the sovs and there is plenty of scope within them to scratch the collecting itch! and I can buy them on the forum, I will keep some of the collectibles,  tho' not a gambling person its quite a buzz to have some coins that "could" do well, fingers crossed I shoudn't need to sell them in an emergency.

1 hour ago, Agaupl said:

I’d probably split your stack three ways 

gold 

silver 

plat (if any) 

then split proof from there. Trouble being in normal times some proof will be worth alot more than bullion, other proof will be worth just bullion. It’s very dependent on which proof coin. ATM all proof seems depressed, but it’s volatile. so for example 10oz of proof doesnt mean much, coin to coin varies hugely. So price individually. 

Remember in the uk you pay tax on silver and platinum so that’s a big margin to overcome. 
 

Age/risk appetite/time= your optimal balance 
 

 

 

Platinum? interesting not a metal that I have had anything to do with and know little about it, ok its a more valuable metal than gold but doesn't seem to have the attraction amongst stackers and collectors so that would indicate it's more difficult to buy and sell, maybe that's changing, recommended or not to add to my stack and why?

2 hours ago, stefffana said:

I try to keep in my stack gold and silver at 50%-50% value. 

To be able to buy high premium silver, I compensate with silver flatware under spot, so my average price on silver look very healthy.

Good thinking, I tend not to buy silver bullion atm, at first I bought Brits and Maples but now I cannot resist certain designs such as the Mythical forest set and its easier (on the wallet) to buy than gold.

2 hours ago, Agaupl said:

Your age and amount you may need to liquidate will have a big impact and your appetite for volatility. Higher risks plays won’t be such a risk over 30 years as it would over 5 for example. Silver, platinum, proofs being the more volatile but higher upside. Low premium bullion being more stable. There is no one size fits all answer. 
not sure I understand your figures either. 4% graded but 45% graded sets? Is this 45% of 4%? Etc. 

Sorry, bit misleading, the 4% are random individual coins, the 45% refer to coins that have been graded but originated as sets (not graded by me, should probably classify them as individual coins) and sovereign sets as bought from RM 

I shouldn't need to liquidate but you never know and I like the security of having some just in case, allocated the sovs for this.

1 hour ago, AaaGee said:

Im kind of done with silver. Bought loads and sold at a loss.

Do love a proof set though so will concentrate on that as far as silver goes. May get my money back as im not selling up for 10 to 15 years hopefully.

Will concentrate on gold from here on in.

So far 13 sovs and almost 2oz of the fine stuff.

I bought the small amount of silver around 2015 so its been ok, silver now does not give me the confidence hence turning more to gold but it is easier to buy nice silver!, even as a kid it appealed, gold? just too expensive and a bit flash!

12 hours ago, Stuntman said:

@danieldorkins - with a percentage split like that I would perhaps be tempted to liquidate some of your graded sets if and when the market for the particular sets is strong.  Or if adding to your stash, up the bullion percentage.  

But you've got a nice diverse mix going on there, which could prove pretty smart if the market for the graded sets moves in your favour.  It's probably more risky than bullion though.

My own physical stash is about 5% silver, 10% platinum, 10% gold brilliant uncirculated and 75% gold bullion. 

My precious metals ETFs are currently about 35% gold, 35% silver and 30% platinum.

Your first paragraph has hit the nail on the head and is the bit I have been pondering, I am tempted, they were relatively expensive and tie up quite a bit of cash for not so much actual gold, I like the sets and the original thinking was even if there was no great increase in value to me they maybe to the next generation but that only really works if they have the interest and are prepared to collect or sell properly, at the moment I suspect they may up at Cash Converters because it would be easier!

If I cashed them in I could then go on another spending spree!

As I have too much time on my hands due to a broken leg, I thought I would call on the great and good of this forum for your opinions, having dabbled a bit in silver since 2015 and finding myself with a lump sum to invest in 2022 I decided to have a go with gold, the aim really is to preserve this lump sum and hopefully pass it on to the next generation but if needs arise, liquidate some of it.

Prior to discovering and learning from TSF I had a period of time in the wilderness buying from dealers and was steered in the direction of "collectibles" ie graded coins and sets, so the best decisions may have not been made, however, I am not particularly worried on that point, what I would appreciate is your thoughts on the percentages below, bearing in mind that I am unlikely to have much more than small change to buy in the future, so would it be better to shift around the percentages.

Percentage of my "stash"  at cost is:

(silver is 6.5%, I am not including the silver as it is buying what I like, some high premiums)

gold, individual coins, 93.5%

Bullion (mostly sovs) is 34%

BU and proof is 15%

graded is 4%

Graded sets 44.5%

Would you balance this differently given the stacking and collecting reasons above?

10 hours ago, Silverlocks said:

You need platinum membership to get the orange and red super like and super thanks buttons.

Another 3 hours of my life wasted trying to work it out! Typical, even in TSF we have a class system 🤣 one day I will be able to post super likes and thanks, just need to trade up a bit 😁

Just been notified I've moved up the ranks so getting there, just resigned to the need to bribe the boss!

Congrats @NGMD payment made and pm'd you, 

Can somebody tell me how to create "super likes" I get the "like" and "thanks" etc

@stefffana gotcha! did try this but for some reason didn't work! does now so thanks

Been a member for over a year now and would like to give my thanks, how do I tag these members in my post 🙄🙄

@NGMD incoming pm!

1 hour ago, AndrewSL76 said:

Amazing! Congrats to @danieldorkins. I’ll pm for details. If you want to know what it is, let me know otherwise it will be a surprise! Will post out on Monday morning!

Nice to "meet" you Andrew, this really is a great and friendly forum, congrats to everybody and have a really good Christmas, leave the charts and predictions alone on Christmas day!