FlorinCollector

My mate has moved to London for work. He says the people he works with for their first houses are in the range of £300-£450k. That is normal 🥺

@Minimalist At least we don’t live in England. I think id need about a 40-50 year mortgage.

@HerefordBullyun You are a top man on here mate!

You need to take up a new bet with @stefffana give him a chance at a win.

Have you been drinking on a Wednesday night

No they aren’t secured loans. I am also small time so no loan has ever been bigger than £15k. Its more just in my head if I lost my job I have X amount of gold to sell to pay the loan.

*Disclaimer more than likely not smart and do not follow* The more I have saved and learned I have changed the way this savings vehicle works for me. I used to have my gold saved and if a purchase came up that I wanted I would sell and buy the new item with the proceeds. This made my holdings go up small bit at a time. More recently I have been taking out small loans and using my stack as a kind of leverage. Again not smart and the math probably costs me money it does not need to. But if I want to purchase something at £5k. Aslong as my gold holdings are a lot more than this to cover it in case of emergency. I am more inclined to take a loan at say 3.3% interest front loaded and overpay the loan monthly so that the interest payments are realtivley non existent.(very low). Just what I have been doing for probably the last 2 years. I done this to purchase my first watch. Then when payments are done I have the gold and the watch instead of just the watch. I feel its harder to build when you have no base. So when prices are up or down I am not too interested in trying to sell the top or buy the bottom. Hope that makes sense. EDIT: Incase anyone is reading this thinking good idea: I operate on a 3:1 ratio minimum. (Of Liquid assets to debt) I do not count watches or collectables as liquid.

@HerefordBullyun Did you buy anything nice after your greyhound sale?

I wish 😂 I have 4 from this year but lol

I think this is the best advice. I don't think there is anywhere currently that you could get a guaranteed safe enough return to risk it.

Added another 2 2022 sovs.

Best advice here. Done this about 1 month ago to set my main collection at 10 pieces. When a new one comes in one goes out. I thought I wanted to keep them all but when laid out and to keep only 10 some were easy to let go of.

Down to £1,554 now. Hopefully down a bit for end of month. Bonus time 😛

@Chonemenos This was actually the first time I had used special label and I really quite like the modern sovereign label. I would not send coins back but to reslab for it. So I will have 1 & 2 sov with modern sov label for this year. Everything else brown boring label

@Chonemenos IMO the label does not matter but it is a nice aesthetic. Like on coins this year it is nice to have the royal celebration label on them. It is also good because people tend to have OCD and want their collection to have all the same labels. I generally just get the plain brown label because an extra fiver adds up. If you can get first release id say go for it but really believe you are just paying extra £5 for aesthetic. Maybe a premium in the future but not too sure.

The s*** part is the wait but also if you do grade. If you don’t its still a joke but you miss out on any of the first release labels. I know that isn’t everything but a lot of people like to get stuff sent to grading right away for they labels.

With such a small mintage they must be minting about 100 at a time if that.

Fresh back from grading!

New ATH

and we are there.

New RM range 1/20oz gold proofs. We'll all be fighting for them. All we can afford.

@GoldenGriffin I think it will make it past ATH as well. Not much good in the world right now. I am still a buyer to. Soon I think it will be half sovs but instead of full sovs. RM proof prices are going to be heavy.

Will we see new ATH this week? Maybe...

Hopefully soon. Think Maneco is on at 9.

@Minimalist It is the way you come across. If it goes Nuclear there is no need to worry because none of us are making it out. East or West.