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AuricGoldfinger

Silver Premium Member
  • Posts

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Posts posted by AuricGoldfinger

  1. 1 hour ago, Gordy said:

    for ease of passing on you could always get a member of your family who shows an interest to sit with you and navigate this site and if something does happen then leave them your pw etc and they can post questions on here and get advice on selling the stack...

    no-one would let your family get ripped off.. 

    this is great advice and something i think more members should do - especially those who are over the hill, I’m sure there are plenty!

    Even if selling on the forum was a bit daunting for a family member, there is no better place to get advice.

    you would be surprised at how many back street pawn/gold shops would take advantage of someones greif and buy a shed load of gold at rip off prices.
     

    Forum members always have each others backs, kinda wierd when it’s just a bunch of (mostly men) sat on the internet who never meet lol.

    also rather than a member just go silent it would be nice to know if something happened to them

  2. Kind of dificult - impossible - to give investment advice without knowing your full circumstances, but im not really sure it’s investment advice you’re asking for - just PM advice.

    Sovereigns have to be the EASIEST gold coin to shift/value. Just buy bullion sovs. If you/family are unsure of value either multiply current 1oz spot price by 0.235 OR just look on websites like atkinsons for a price.

    As others have mentioned - don’t just rely on gold. Think about any debt you may have and other ways you can improve your financial position over the next 20 years.

    The forum had some very knowledgeable people, and also some varying opinions - learn, and then develop your own opinion on what’s going to work for you. Good luck 👍 

  3. 5 minutes ago, Paul said:

    What can we now assume the new bottom/floor is for gold now ??

    Never to go below again 

    £1500oz 

    i think when bearish gold can and will drop more than £150 an oz.

    however for the shortish term of gold hits £1500 im backing up the truck

  4. 2 hours ago, BullionBuyerUK said:

    Finally got around to visiting the gold stack today and topping it up with my remaining gold purchases. 

    Added a few more sovs and a double, a 1oz Brit, and used this spare valcambi box I had to keep my proof jubilee sov sets and singles separated. Will add the memorial proof set to the valcambi box once, if ever they turn up

    20230319_115642.JPG

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    20230319_120118.JPG

    Niceee how many ozs?

  5. 4 minutes ago, modofantasma said:

    Mathematically depends what return you generate from ISA on average... Personally would pay off mortgage before stacking. 

    Beyond the maths some people like the feeling of being mortgage free which has a value. 

    What about earn more pay off mortgage and keep ISA and stack?

    TAX is my enemy here. Not saying I don’t want to earn more given the opportunity but I’ve been getting taxed through my eyeballs so getting rid of my mortgage is a fair few thousand a year I can keep in my company or at least be more tax efficient with - most likely will make pension contributions with the money to further reduce my tax liability.

    All for the maths but i think the feeling of being mortgage free will also be very satisfying in the current climate.

  6. 7 minutes ago, AuricGoldfinger said:

    Hmm hadnt really thought about it like that. Think half from each at least i still have a bit in both. Plus i wont have to touch the invested part of my ISA which is currently down £5k 🙄 and also cant put any more money in my isa than i already do so I can’t actually replace that money

    like @Mtaybar said i can start buying back straight away with no limits on the gold

    Waiting for a dip on the gold part of course!

    1 minute ago, Mtaybar said:

    Can't wait to see what treasures you start listing lol

    Ahhh now the support from memebers makes sense. “Sell sell sell!”

  7. 34 minutes ago, Midasfrog said:

    Pay off your mortgage with all of your ISA keeping as much gold as you can. Will save you paying interest on your loan.

    Your ISA is Fiat its loosing over 10% of it's buying power , gold is keeping up with inflation.

    Hmm hadnt really thought about it like that. Think half from each at least i still have a bit in both. Plus i wont have to touch the invested part of my ISA which is currently down £5k 🙄 and also cant put any more money in my isa than i already do so I can’t actually replace that money

    like @Mtaybar said i can start buying back straight away with no limits on the gold

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