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kimchi

Gold Premium Member
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  1. Thanks
    kimchi got a reaction from katyc in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    If I were buying 2 or 3 ounces per month I would follow @LawrenceChard's advice and buy one or two lowest premium CGT-free coins (Brits?), start filling tubes of those, and a few sovs. Occasionally there are good opportunities for a slight extra premium, like the Queen's Beasts Completer (that ship has sailed now I think), so look out for those as you get to know more about coins  
  2. Like
    kimchi reacted to Pete in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    I absolutely agree that premiums and 20% VAT on silver ( and platinum ) hurt us in the UK ( and many other parts of the EU also now ).
    That's especially true when pre-Brexit, we stackers could avoid the full VAT and when silver hit its low point, it was by comparison a real bargain.
    You write off completely premium and VAT selling back to dealers .. BUT.. BUT.. selling privately and on eBay etc the premiums and VAT are already locked into the price. Therefore if a coin rises in value due to demand, or you wish to sell some of your silver, then if spot has risen you should be in a position to make some profit and if not, at least avoid big losses selling to a dealer if you are forced to sell.

    I genuinely believe there is a lot of upside in silver and its ratio compared to gold is supporting this view but it remains a risk so only folks with other assets and investments should buy PMs. Is gold overpriced right now ? - no-one knows but with high inflation hitting many of the global top economies as well as energy shortages, wars, mass immigration from poor nations to wealthier nations etc. etc. the world as we once knew it pre-Covid is potentially f*cked so creating a stash of gold ( or other metals ) if you can afford to lock it away, sounds like a good idea.
     
     
  3. Haha
    kimchi got a reaction from AaaGee in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Bury them in gardens/countryside
    Just don't lose your maps
  4. Haha
    kimchi got a reaction from LemmyMcGregor in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Bury them in gardens/countryside
    Just don't lose your maps
  5. Like
    kimchi got a reaction from DrDave in Any impact when we get a new Monarch?   
    As I've said before, I hope he will choose to be King Arthur, and with his knights of the Poundbury table, go in search of the (organic) Holy Quail
  6. Confused
    kimchi reacted to Ukbullionfan in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Silver is trash because of the premiums and the 20 percent VAT added. Look at the current price per ounce for silver, then look and what you can actually get an ounce of silver for weather it be from a dealer or on here. I collect silver because I think it’s cute but at the same time I’m not a cute person I’m a fool. So I’ve decided silver would be a long long longer game plan for me. Silver would be for my kids/grandkids future from now on. 
  7. Like
    kimchi got a reaction from TheShinyStuff in Any impact when we get a new Monarch?   
    I think it may have had something to do with the fact the Coronation saw the biggest take up of the television in the nation's history. Everyone who could watched the broadcast, so the Coronation (and Crown) took on an extra significance in the minds of the public. Also the first queen since Victoria, so as you say there's a certain symmetry there.
    <edit> Also very important, politically there was the Empire to consider. 
  8. Like
    kimchi reacted to katyc in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Yes, short term very rarely works in investing.
    BTW, I won't be buying that much each month forever. It will be for a year (probably less). It's a chunk of directors loan that was owed back to me from my investment in my business over many years (I'm certainly not lucky enough to afford 2 to 3 oz a month forever. I bloody wish!)
    But it's very interesting hearing your views and I'm going to keep the risk spread as advised. Thank you all!
  9. Like
    kimchi reacted to katyc in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    I have just spent nearly 25k on a mix of silver and gold. Now, going forward, I am looking to buy gold regular at 2 or 3 oz a month (as it spreads risk) hence my interest on predictions incase its better to buy a larger qty in a few months (for example). Considerations of current price being due to war  threats, covid, inflation (etc ) can cause short term spikes. I'm new to commodities, so interested on useful opinions from experienced investors, hence the question.
  10. Like
    kimchi reacted to James32 in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Yeah I've been there but like everything "time will heal lol" I paid vat on over 1000ozs of silver before finding out the forum existed. 
    Your silver will come good eventually and the best lessons in life are usually learned the hard way.
  11. Like
    kimchi reacted to katyc in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Thank you so much. I really wish I'd purchased membership sooner and seen the listings before buying hundreds of silver coins. I'd have saved £££s! Oh well, going forward I now know!
  12. Like
    kimchi reacted to katyc in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Hi everyone 👋
    I've been hanging around like a quiet little creep for a few weeks now and have just this minute activated Silver Membership. So I thought I'd pluck up the courage to create a post. I'm a beginner/newbie who's read several books, got to grips with economics and invested a considerable amount in physical silver and gold over the last month or two. I also took what I consider a small "gamble" on platinum - but just 2oz of that for now. I have been mostly buying silver due to the ratio situation, solar energy etc and am aware it is considered more risky than gold.
    I want to purchase more gold (just 2 or 3oz for now) but am reluctant at the current price as it looks like it could be due a drop (even though inflation is an imminent huge driver of the price). Could you share your opinions on whether I should go for it or wait in hope for a drop? (I realise we'd need a crystal ball for a precise answer - but am interested to hear your views).
    I have a small portfolio of 10 properties (which were bought thanks to being an eBay and Amazon seller. Although it took about 13 years of relentless work and stress to get there). My day job (pre 2006) was in accountancy, which I've found really useful when getting involved in retail & investing. Currently I am taking a break from buying property because I feel the stress is taking it's toll on my health/happiness (plus house prices are not ideal at the moment). Thus - the perfect opportunity to buy precious metals! All it does is sit there - no work required - what a dream! I'm happy to hold for 1 year, 10 years, 20 years - whatever really - so it's progression in value shouldn't cause me much stress (touch wood!) - but I'd like to be sure I'm not purchasing at what's considered a really high price which could deflate for years. I also believe that property and gold generally work in opposite trends to each other - so I'm balancing my risk and (hopefully) covered for all situations.
    So, that's me 😊. Please say hello and break me in gently! 😬
  13. Haha
    kimchi got a reaction from billysilver in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Bury them in gardens/countryside
    Just don't lose your maps
  14. Haha
    kimchi got a reaction from scarecrow in Newbie introducing myself (and asking if now's a good time to buy gold!)   
    Bury them in gardens/countryside
    Just don't lose your maps
  15. Like
    kimchi reacted to Frenchie in 2022 Elizabeth II "Piedfort" Gold Proof Sovereign Platinum Jubilee   
    They did not offer it on the website but they offered preorders to their customers who registered their interest,  raw or slabbed, a few weeks ago 
  16. Thanks
    kimchi got a reaction from Spanishsilver in 2022 Elizabeth II "Piedfort" Gold Proof Sovereign Platinum Jubilee   
    I could be wrong but pretty sure they will be all sold out, other companies have raw coins still
  17. Haha
    kimchi got a reaction from Lordwolfsbeard in Any impact when we get a new Monarch?   
    Also Charles wants to be seen as a modern, progressive king, while stressing continuity. So I expect him to ditch the crown, but keep the earrings
  18. Haha
    kimchi got a reaction from AgCoyote in Any impact when we get a new Monarch?   
    Also Charles wants to be seen as a modern, progressive king, while stressing continuity. So I expect him to ditch the crown, but keep the earrings
  19. Like
    kimchi got a reaction from westminstrel in Any impact when we get a new Monarch?   
    I think it may have had something to do with the fact the Coronation saw the biggest take up of the television in the nation's history. Everyone who could watched the broadcast, so the Coronation (and Crown) took on an extra significance in the minds of the public. Also the first queen since Victoria, so as you say there's a certain symmetry there.
    <edit> Also very important, politically there was the Empire to consider. 
  20. Like
    kimchi reacted to SidS in Any impact when we get a new Monarch?   
    Usually for UK portraits the monarch has been uncrowned since the 1662 move to machine made coinage. The only exceptions are Victoria and Elizabeth. Quite who decides though I have no idea.
    Crowned portraits were usually reserved for colonial coinages.
  21. Like
    kimchi reacted to Chrisplym in 2022 Elizabeth II "Piedfort" Gold Proof Sovereign Platinum Jubilee   
    I was lucky enough to obtain one of the pattern piedfort sovereign sets and it is beautiful. Shame that it has to sit in my bank safe deposit box due to the value.
  22. Like
    kimchi reacted to SidS in Any impact when we get a new Monarch?   
    They'll probably make it look like he's been beheaded, can't see a crowned portrait to be honest.
  23. Like
    kimchi reacted to Trench in My first purchase from the royal mint…   
    So he did! Wow thanks for letting me know and I'm glad its not just me having issues
  24. Thanks
    kimchi got a reaction from Trench in My first purchase from the royal mint…   
    Yes, he put a warning on this coin, always worth keeping an eye on his site and/or asking him what a certain release is like, if in doubt
  25. Haha
    kimchi reacted to JeffM in 2022 Elizabeth II "Piedfort" Gold Proof Sovereign Platinum Jubilee   
    I bought the piedfort.  Really excited about this coin!  I am a sucker for anything piedfort.  If the Mint were to indicate that Anne Jessop is piedfort, I'd buy her too!
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