Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

AuricGoldfinger

Silver Premium Member
  • Posts

    1,892
  • Joined

  • Last visited

  • Days Won

    3
  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    AuricGoldfinger got a reaction from Organics in Investment Advice Needed Please   
    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. Like
    AuricGoldfinger reacted to Gordy in Investment Advice Needed Please   
    As someone said before, i think it's precious metals advice you are after and something that's easy for your family to get their head around if you pop your clogs.
    I'd go the sovs and investment bullion silver route, you may go a bit collector on slightly higher premium silver too once you get fully into it but good coins will always sell.
    avoid proofs....
    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.. 
  3. Like
    AuricGoldfinger got a reaction from Cityman1 in Investment Advice Needed Please   
    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
  4. Like
    AuricGoldfinger got a reaction from Organics in Investment Advice Needed Please   
    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 👍 
  5. Like
    AuricGoldfinger reacted to Britannia47 in Investment Advice Needed Please   
    Diversification is also important.  Other forms of investment such as Premium bonds maybe?  Perhaps I am luckier than most. Here’s last months earnings….
     

  6. Like
    AuricGoldfinger reacted to Zeuk in Investment Advice Needed Please   
    Would recommend reading anything by Charlie Munger, Buffet ofc and Ray Dalio.  
    You pick up interesting tid bits over time e.g. one bit of advice that I read somewhere or other is not to invest too heavily in sectors you work in because you could both lose your job and your investments in one go ... im in tech and most of the money lost on my Sipp over the last year has been on tech stocks, ive also experience a fair bit of employment risk so it's really ringing in my ears at the moment
  7. Like
    AuricGoldfinger got a reaction from Tortoise in Investment Advice Needed Please   
    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 👍 
  8. Like
    AuricGoldfinger got a reaction from Gordy in Investment Advice Needed Please   
    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 👍 
  9. Like
    AuricGoldfinger reacted to Zeuk in Investment Advice Needed Please   
    What everyone else said, just don't put all your eggs in one basket, look at the tax breaks you can get from different means and get a feel for how big events effects different investments and adjust as you go.  This is how diversified I am - I feel a little underweight on gold and overweight on specific shares, not in any rush to adjust but moving things over time but also keeping in mind that shares are quite cheap at the moment (depending on what comes in the future of course)
    Also finding with gold and silver they become more of a hobby than other investments.

     
    And then further diversified in the Sipp like this:

     
     
  10. Like
    AuricGoldfinger reacted to Tn21 in Investment Advice Needed Please   
    The benefit of physical metals is that it is tangible and somewhat off the records to an extent. 
    Buying coins or bars in theory should not make much of a difference (gold is gold) but as you may or may not know sovereigns and Britannias are capital gain tax exempt for the time being atleast. 
    Having standard bullion sovereigns will be easier to liquidate and there is no real need to worry about valuing them at the time unless they are special year designs or key dates. If you did go down the standard bullion sovereign route you can rest easy knowing they can atleast achieve 98% of spot at the time. 
    From what I have understood and experienced about gold so far is that it will be a fantastic private pension. Given your time horizon I think you & your family could probably utilise the metal at the time of retirement. 
    Whether you pass it down or sell it to fund a car,holiday,house work, children's education etc the hope would be it would have appreciated over time the 20 years. 
    I think you will have to also establish whether or not your family take a keen interest over the years if not your better of selling it and giving them the £. 
    Coins or bars get anything and everything. Others will disagree but over time you may develop a liking for one more than the other. 
  11. Like
    AuricGoldfinger got a reaction from SiCole in Today I Received.....   
    This, and the dragon & tiger are 2 coins i wish i owned
  12. Like
    AuricGoldfinger got a reaction from TheShinyStuff in Today I Received.....   
    This, and the dragon & tiger are 2 coins i wish i owned
  13. Like
    AuricGoldfinger reacted to modofantasma in Today I Received.....   
  14. Like
    AuricGoldfinger reacted to motorbikez in Today I Received.....   
    Received this from @James32 thanks ,the start of a date run.
     

  15. Like
    AuricGoldfinger got a reaction from ArgentSmith in Gold Monitoring Thread £ GBP only   
    Bank holiday 🤷‍♂️ 
  16. Thanks
    AuricGoldfinger reacted to modofantasma in Sovereigns - Last 1 needed   
    142 I think to 1838. Less for halves.
    Pre Victoria add another 21 if you want both obverse designs in 1825.
    Years like 1887 and 1893 where there was a change of portrait have multiple coins so I've got both dates. There's also both the shield and St George designs on some of the young Victoria years so again I'm aiming for both. 
    I've not started on the pre Victorias (yet?) and short some shields still as I don't really see value in collecting low quality examples just to fill the dates at still sizable premiums. 
    Eg buying this would tick the date off but I think it would be better value paying double or triple for a nicer one
     https://atkinsonsbullion.com/gold/gold-coins/gold-sovereign-coins/pre-owned-1825-george-iv-bare-head-full-sovereign-gold-coin?pid=27428
  17. Haha
    AuricGoldfinger reacted to stefffana in Today I Received.....   
    His average price per sovereign in his collection is under £150/coin, so he can afford to pay a little more for the last one and the rarest one he need.
    Just sayin'...
  18. Like
    AuricGoldfinger reacted to modofantasma in Today I Received.....   
    The 1919 ticks another date off. I've just a 1924 to get now for George Vs 
  19. Like
  20. Haha
    AuricGoldfinger got a reaction from GoldenGriffin in Gold Monitoring Thread £ GBP only   
    I don’t want my gold cute, i want it terrifying
  21. Haha
    AuricGoldfinger got a reaction from James32 in Gold Monitoring Thread £ GBP only   
    I don’t want my gold cute, i want it terrifying
  22. Haha
    AuricGoldfinger got a reaction from Lyrinn in Gold Monitoring Thread £ GBP only   
    I don’t want my gold cute, i want it terrifying
  23. Haha
    AuricGoldfinger got a reaction from Zeuk in Gold Monitoring Thread £ GBP only   
    I don’t want my gold cute, i want it terrifying
  24. Haha
    AuricGoldfinger got a reaction from Scootermuppet in Full 1oz Gold Queen’s Beast Set + The Completer in Display Box   
    I was thinking more Scarface machine gun martha vibes tbh
  25. Like
    AuricGoldfinger got a reaction from ZigZag in Gold Monitoring Thread £ GBP only   
    Shares are down, golds up. Im not all in on anything and I know with Gold around an ATH it’s the current favourite but realistically diversification is the key. My shares have took a hit, my gold is offsetting that hit and doing it’s job and the portfolio stays balanced, we are in a time where just not losing your shirt is a start. When the rubble clears that’s when there can be a fortune to be made but we are a way off that yet.
    At the moment i think we have the perfect storm for gold to go up further and other asset classes to fall further. Doesn’t mean one should liquidate one for the other, just hold tight and keep moving in the right direction. Taking profits is never a bad thing either though especially when something is the highest price in history, all depends on where that money goes.
    The price of gold never has and never will go up in a straight line and daily or even weekly predictions are pointless (yet entertaining at least). I don’t think it’s over yet, and as many say in a year, 2 years, 5 years time will £20 above or below the current spot price really matter?
    Prediction for the week? It will definitely go up or down, that I’m positive about!
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use