Mcgrimes

Your KAU isn’t gold, it’s a certificate of ownership. You’re not spending gold, you’re selling your right to a portion of gold to someone who transfers Fiat to your seller, for a fee! Have you considered Nexo? Gold has lost 20% this year which makes it weaker than the pound. i wouldn’t expect inflation to be double digits forever - the whole purpose of rising rates is to arrest inflation. Don’t forget that KAU, existing on a blockchain, is a cryptocurrency that represents ownership of gold. And blockchain is not infallible, so holding KAU is a risk that is rewarded by a portion of Kinesis profits. And to be clear, I actually like this system of ownership - I think the shares market should be operated on a blockchain and let run 24/7!

If you hold a bond to maturity, then there are no capital losses (assuming purchased below PAR). Bear markets present opportunity. For what it’s worth, I hold some PAXG in Nexo at 7% APY. Kinesis charges a transaction on purchases (I believe), which covers you selling your gold to an intermediary and then using the cash to pay for your product. Gold is not money; it may be used as a currency in areas with poor fiscal policies, but then so is farm stock. As I say, I like gold, but it doesn’t yield. Your gold holding in kinesis entitles you to a share in transaction fees on the platform. I looked into Kinesis but decided it wasn’t for me. Though I was interested in the physical redemption side. honestly speaking, I think cash is king at the minute - I think there’ll be some bargains to be had when everyone feels higher rates on their mortgages, utility bills and food price increases. Gold has no comparable utility. Long term, yes, gold is a great investment vehicle in a diversified portfolio. But I’m bearish in the near term on many things including gold. Worth noting gold has dropped about 20% in the past few months, so the market is certainly bearish.

I think gold will lag behind as interest rates begin to rise further. I think institutions be be more inclined to lock in at 5% apr rather than chase gold which has an annual fee to store. I don’t think gold is analogous to money, as mentioned further up - not any more than any other commodity is at least. im here because I like gold and hold some in my portfolio, and whilst I want it to shine in the upcoming short term, I don’t think it will compared to other asset classes. Who knows how to invest in grain/wheat/food futures?

Bear case - price of everything is increasing, but the market is in a downturn and wages aren’t increasing inline with cost of living, thus less money to spend on precious metals. Interest rates increasing, thus allowing for higher returns on cash savings, when gold sits there looking pretty without returning anything

Anybody want to send me a referral link?

Makes sense, but on the cash basis of accounting you pay for expenses as they happen, so my understanding was that monitoring of stock levels isn’t necessary? for example, I’d imagine a plumber wouldn’t keep stock of his pipe elbows. I’m pretending to be under the vat threshold, if that matters

What’s the case if you’re trading as a sole trader? Can you consider purchases as an expense and then sales as an income? But I’m the cash basis of accounting, will this hammer your profits? What happens if you never sell the bullion in subsequent years?

Sovereigns - low premium buying and typically higher sale values (low spread)

I love 1g bars, but I like to be able to feel the product which means I don’t get the full enjoyment of them being carded/sealed. And then, the card takes up a lot of space, there are a lot of forgeries out there and they, generally, do not retain their resale value. I one struck gold (pun intended at HGM) when I ordered some 5g bars at competitive cards, and received some Perth mint carded.

True, 4 coins or 1 coin? i love me some fractional silver - if I won the lottery I’d bathe in 1/10ounce silver coins

I’m not certain that makes sense, you pay for the weight of gold so the fact one is 22k has little significance. For me it’s all about whatever is cheapest per gram

Worth 15k on the basis that...... 😆

Missed them, gutted!

The gold bars were about 2% cheaper than Bairds

Sovereigns at £323.99 at Costco Manchester. Better rate than most online retailers, certainly when only buying one or two

You’re lucky, resellers have got a 5-8% markup. think I’ll pass on this one!