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kimchi
Reputation Activity
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kimchi reacted to Hanz in The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7
I have similar issue. My 2 oz coin has a COA for 1 oz coin
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kimchi got a reaction from katyc in Newbie introducing myself (and asking if now's a good time to buy gold!)
Not like they used to. There were too many in the 70s, early 80s. People who weren't really in need (they could have rented) got them easily. Within a few successive governments people expected them more or less if they wanted one, and got one. Then Thatcher sold them off cheap (like our national utility companies). People loved her for it. Why not when you could buy a nice semi (many of them in our street were pretty nice houses) dirt cheap, and then treble your money in five years?
There are no council houses in that street now. The one closest to where I lived is probably worth half a million currently - as soon as they purchased it for a pittance (because they 'couldn't afford housing except from the council') they extended a bit.
Now look at the housing market and utilities.
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kimchi reacted to katyc in Newbie introducing myself (and asking if now's a good time to buy gold!)
...and another random thing I realised recently is how debt widens the rich/poor gap further with interest rates. Poorer people who live on the breadline may need payday loans which are charged at insane interest rates. Whereas people in a position to invest (e.g. in property) pay about 3% interest on properties. So the cost of debt is massively imbalanced further widening the rich/poor gap. It's a vicious circle for some people 😔
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kimchi reacted to GoldDiggerDave in Newbie introducing myself (and asking if now's a good time to buy gold!)
Bingo! The transfer of wealth 101.
The poorer are more exposed as a bigger percentage of their income is on fixed outgoings.
Most normal families even those who you think are middle class don’t have £700-£800 spare at the end of the month. We are heading for a very interesting period in our history.
you just have to make sure you are on the right side of the wealth gap.
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kimchi got a reaction from LawrenceChard in Newbie introducing myself (and asking if now's a good time to buy gold!)
The Sovs mainly for liquidity, and again as @LawrenceChard pointed out, the double Sov is presently an opportunity
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kimchi got a reaction from LemmyMcGregor in Newbie introducing myself (and asking if now's a good time to buy gold!)
Please do buddy, feel free to PM me for my email anytime It'd be interesting to know where roughly you are, I can't right now but might be worth meeting for a coffee/beer and a chat. I have a unique market at my fingertips that needs a merch company as it's quickly exploding and is going to be huge I think, I just can't deal with it (myself) right now. If you can, I'll see if I can secure the rights from the content creator (Youtube, and published author). He'd probably let me have it free right now (!) but people are starting to see that and no doubt trying to get in there as we speak and I think he should get a cut. I don't know how the figures stack up with merch but there might be easy money in it for all (?). The stuff is pretty much already designed (though lots of scope for variations and development). If interested can you give me a shout in a few weeks? I'd need to get onto to it quick (I could also possibly get his publishing rights in the UK/Europe as he's only in the US for now, but that's a completely different kettle of fish!) cheers!
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kimchi reacted to Stuntman in Newbie introducing myself (and asking if now's a good time to buy gold!)
You're right about Banksy and about Damien Hirst. Although I do find Banksy's art/satire to be very interesting still.
As for Damien Hirst, I did like his edgier, more thought-provoking stuff but I think everything he has produced in at least the last fifteen years holds no appeal (certainly to me), other than by virtue of his name.
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kimchi reacted to LemmyMcGregor in Newbie introducing myself (and asking if now's a good time to buy gold!)
Margins can be pretty good even with the obscene charges, as once you start producing bulk the costs on a single print are low. At present I have a single screen setup which is very limiting, but again, I am literally just gaining experience and I don't see the point in learning multiple colours prints when I can't even get consistent quality with one, I have also realised that part of the problem is my lack of equipment, but hey, I'll have to suck it up in the initial phase.
On the bright side, I have a good friend that has a record company and has been dealing with merch for decades, so I'm getting good tips for the marketing side of it, once I have a line ready, as it all revolves around brand recognition and moving out of sale sites; I also have good contacts in the alternative crowd and biker scene, so it's all about getting it going and, once I can offer reliable quality on multicolour prints, should be all down hill.
I'll let you know how it goes, maybe could be beneficial for both.
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kimchi got a reaction from LemmyMcGregor in Newbie introducing myself (and asking if now's a good time to buy gold!)
I've long considered a screen printing business, I would do it as a labour of love as long as I could cover the bills. Interestingly I've also found a niche and quite unique but quickly growing market for T-shirts (merchandise) but that be best be dealt with through a commercial company who will just send me my cut, and I don't have any experience at all with such companies. I'm sure it's easy but too many other things on my plate right now.
When I have time I may try to 'do' a viral 'Banksy' type thing. Or get into NFTs if they are still around. Mind you, Banksy is only Banksy because he's a toff. Damien Hirst also was an elite creation. More £££millions for them.
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kimchi reacted to LemmyMcGregor in Newbie introducing myself (and asking if now's a good time to buy gold!)
I've looked into selling on all various platforms since I have started screen printing and I am coming up with decent results, I still botch about a quarter of the prints, but the vast majority are good. My plan is to do it on the side and I don't care how low the margins are, as long as I make the money back all I want is to get the experience to improve the overall quality and get some spare change to produce more screens, once I have enough designs ready I'll move to my own website and forget about eBay and similar, the charges are ludicrous.
I couldn't like it twice, so I'm quoting it for appreciation 😍
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kimchi reacted to flyingveepixie in Newbie introducing myself (and asking if now's a good time to buy gold!)
I binned selling on Amazon several years ago for that very reason coupled with the unreasonable bias against sellers. They gave me a strike when a buyer complained about an almost 40 year old vinyl album I sold him which wasn't in mint condition, even though I had described it as such and made it clear via a series of personal messages before he committed to buy. Pathetic and I fail to understand why anyone bothers with it as a platform. It's probably worse than ebay.
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kimchi got a reaction from Spanishsilver in Newbie introducing myself (and asking if now's a good time to buy gold!)
But first things first, you want to get yourself an old, completely knackered boat...
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kimchi reacted to katyc in Newbie introducing myself (and asking if now's a good time to buy gold!)
People born with a silver spoon drive me nuts. But then again it's not their fault they were born 😆.
I'm no millionaire. I do OK. I'm feeling the squeeze lately especially. But I did it by in 2006 spending £100 on junk and selling it on eBay. I turned it in to a grand, bought more stuff (we are really talking junk - from novelty flick combs to referee whistles!) But it grew. It turned to an amazon store (I don't sell junk anymore though as it took up too much space!) and it turned to 10 properties. But now Royal Mail is so expensive and the markets is flooded it would be impossible to do it from scratch again.
And, it's mostly due to China. We subsidise their post. So in China their government said "right you can send items for a few pennies" so Chinese people sell sell sell. Once their item gets to UK, our postal service takes it and must deliver it... for free! WE PAY THEIR POSTAGE FOR THEIR ORDERS because Royal Mail etc charge us a fortune for basic stamps to cover that cost! We are paying for them to steal our customers and our country makes less money hence less taxes coming in.
So.... don't buy from China. They can sell you a tea towel for 99p for a reason and they're screwing our economy over.
Donald Trump got it right as I think he stopped it in America (or at least tried to, I'm not sure).
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kimchi got a reaction from flyingveepixie in Newbie introducing myself (and asking if now's a good time to buy gold!)
I can tell you because my best mate is one of them - he's just left Hong Kong and his 5k a month rent was paid for as part of his package. A lot of them are in financial services/banking. Estate agents have been making a fortune too. Go figure!
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kimchi reacted to Scootermuppet in Newbie introducing myself (and asking if now's a good time to buy gold!)
Have opted out of the Car Rat Race for a while - swapped an old (16 years) car for an e-Bike and a load of transport credits (for Train, Taxi, Uber etc) though a Council Scheme to take old cars of the road in March of this year, and all the money I would have spent on Petrol, Road Tax, Insurance & upkeep has been converted to PM's - plus I'm starting to feel the benefits of more Cycling & walking than I've done in years 😊
Fits in the luggage rack on a train when folded too...
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kimchi reacted to LawrenceChard in OMP In or Out?
It has come to no harm in the plastic sheet for 13 years, in fact, the sheet will have protected it from being handled or jangled. I doubt that the sheet will de-gas, or cause any harm.
However, it is your coin!
😎
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kimchi reacted to Orpster in OMP In or Out?
Out, if it was carded or a presentation pack might be different
That's just been cut from an RM sheet as its shipped to dealers these days
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kimchi reacted to James32 in OMP In or Out?
Just a generic year, out and inside a capsule for me.
If it was a 2012 etc and I planned to move on,then probably keep sealed.
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kimchi reacted to Orpster in Hello From A Newbie
Ah right sorry did not notice you did not have a membership, I find it worth the money to grab the early bargains
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kimchi reacted to LawrenceChard in Hello From A Newbie
It sounds like you might already know most of this:
Advice Guide for UK Bullion Investors
https://www.chards.co.uk/blog/advice-guide-for-uk-bullion-investors/1041
But I have added the link, just in case.
@BackyardBullion is a good guy, and I am sure you arrived at a good place.
I wish you successful investing.
😎
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kimchi reacted to Rookie in Hello From A Newbie
Hello Everyone,
As my username suggests, I am a complete rookie looking to start investing in physical metals. Found the site via Backyard Bullion on Youtube. I hope to learn what the best approach is for someone resident in the UK to grow their investment with modest outlay and no experience. I am chomping at the proverbial bit to get my hands on some physical silver (really fancy a 1kg bar), but it seems, from my meagre research, that premiums are prohibitive for UK dwellers and that gold is the best course of action if I want to hold a physical metal? That being said, sales posts on here seem reasonable (thanks BYB for the help!), and it got me to thinking; What is a sensible % of premium on top of spot price for Ag, considering an investment time horizon of 10+ years?
Looking forward to learning more on here,
All The Best.
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kimchi reacted to jackflash123 in Hello From A Newbie
Hey Rookie,
Welcome to the forum, get looking in the UK Ungraded sections there are some gold sovs and 1kg silver bars availability right now 👍
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kimchi reacted to Petra in My eBay pet peeves.......... lets keep this civil!!
I never leave feedback until the buyer has left theirs
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kimchi reacted to ArgentSmith in My eBay pet peeves.......... lets keep this civil!!
Sellers can only leave positive feedback 🤷♂️
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kimchi reacted to flyingveepixie in My eBay pet peeves.......... lets keep this civil!!
No. That is simply wrong. What if the transaction goes awry for any number of reasons..? Buyers are not angels and many of them are after freebies and are more than willing to abuse the system to get something for nothing. I'm not saying all of them are like this, but from 20 years of experience on ebay I can assure you that some of them certainly are, and others are just idiots. What if a seller leaves good feedback and the buyer then comes back with a neg for no decent reason, or makes a complaint to ebay for example that the item hasn't arrived when in fact it has and he/she just wants another one..
I once sent an item to the listed address of a buyer only to receive a notification from ebay that the item hadn't arrived and the buyer had opened a case against me and wanted a replacement sent or his money back. I sent the replacement to the address given by the buyer in his personal comms to me but noticed it seemed unfamiliar. When I checked I realised that the original address I had posted to was his old one and he had since moved house and not updated his info, and there I was being threatened with a strike against me for non delivery. When it all got straightened out I didn't receive any kind of compensation for the mistake and had lost money from the transaction but the buyer remained on ebay to carry on as normal. It's also been a long established policy of ebay's that sellers cannot leave negative feedback for buyers, even if they get scammed. Where is the sense in that?
I've said it several times on other threads but I'll say it again here. Ebay has deteriorated slowly over the years to the extent that it has become a nasty and unpleasant place to do business, almost as bad as Amazon for sellers. I will no longer use it when/if the existing items I have listed there sell which seems increasingly unlikely as they've been listed for months now and hardly ever get a view.