AuricGoldfinger

It's about 16 in total. Target is 20 for the year. 

Shame nobody looking at my current sales thread shares that sentiment

Lots of speculation that CS won’t accept the 1BN offer from UBS and that the Swiss government may have to nationalise CS.  What that means is super unclear for bond holders and shareholders, but my guess is that bond holders may get rinsed.
UBS could be a big winner long term if it picks up the Wealth and Asset management parts of CS which are profitable and spins off the Investment Bank arm of CS (original the First Noston bit)
The only thing trading at the moment in BTC and it is up 2.5pct.

Going to be a great show to watch over the next week or so, especially if you hold gold.  

Very interesting. Although with buy to let it generates a regular cashflow so I'll continue to do it. But PMs will always be my favourite. Way less hassle than tenants!

Still not looking good for CS then 

I am staring to think that money put to good work is the best option.
Anything with a 10%+ return, ideally 300% LOL.
Investing in a recession proof business for example. 
Tangibles and collectibles that accrue value could arguably be better than metals. 
Assuming we dont see a complete global meltdown & hyper inflation over an extended period.
But even then you have barter - we are clever also so should do a lot better as we are also mentally ready. 

Case in point - I sold most my gold yesterday. 
Made next to no profit on it as I bought it in 2020.
Its going to a day trading from next week so will be put to work. 
I can trade miners and paper physical also if necessary.  

There was a young trader from yonder
Who went short but should've gone longer
He found to his cost
How much money he'd lost
How wrong about gold were you Wonger!

Where will it end! Where once a sovereign seemed attractive I'm now eyeing 1/10th Britannias as my next favourite squeeze. Eventually I'll be staring at the jewellery counter in Argos trying to fall in love with their Elizabeth Duke range.  😅 

1633 - that’s it for this week folks.
What a cracker.
It’s worth keeping an eye on the news over the weekend, I suspect more bad news for banks and good news for Gold.

A leaders arrest warrant 🤣
It was already high before this announcement but it won't ease down early next week after this "news break out". Zerohedge apparently saying over 500 billion has been taken out from banks in one week. I'm not surprised nor do I think that's the true value. The wealthy are definitely moving the "big bucks" out.
Massive queue at Bairds and Sharps Pixley today. I gave up lol. I'll order online over the weekend.

Those stacking silver are still waiting.....🤣🤣🤣

It’s noticeable that chatter around gold price suppression has fallen away recently.  

Yes, hence easy to counterfeit.
Nobody looks at USD thread  @Stu 🤣

Sorry, I know it's the GBP thread but I don't carry any.
The item on the left is worth £52.

 
 

When this thread started @Paul was seeing prices in the 830’s.  How times have changed.   

Ok I take it back the working man won't be reducing to a half sovereign it'll be a quarter sovereign at this rate

I bought. Even if it goes down, 1) It will be offset by my previous purchases over the years which are well up. 2) Any downturn is always temporary when it comes to gold.
The high prices stung, but at least I'm in now and got that cowpat fiat out of the system.

Waiting for a dip on the gold part of course!
Ahhh now the support from memebers makes sense. “Sell sell sell!”

I tend to agree.
That said, when I do have to use my credit card, I always smile at the thought that I'm helping to dilute the currency supply - consequently driving up the value of my PM holdings. 😉
 

I'd definitely pay it off mate. It's the greatest feeling of relief to not be beholden to these bloody banks for a single penny. Total freedom of a kind!   I know a lot of people argue that if the mortgage interest is lower than that which you get back from your ISA then it's worth juggling, but I was just so happy to get rid of the bloody thing. It might also be worth considering that as long as your house is mortgaged it still kind of belongs to the bank and if for any reason they choose to foreclose......   I know someone that happened to, albeit quite a number of years ago now. They just sent him a letter one day demanding full repayment of his mortgage and they wouldn't budge an inch. Result - he lost his home despite never having missed a payment and as far as I know never received a reason for the foreclosure demand.

That's my thinking to a tee.  Everybody is different.  I hated being in debt but my wife's cousin who 'owns' six luxury properties in exclusive locations loves it and doesn't see the point in paying off any of her mortgages.

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.

Some people have healthy appetite for debt and some people avoid it if at all possible. I'm in the latter camp. Having a mortgage (debt) felt like having a millstone around my neck some years ago.  I paid it off as quickly as I could.  I have gotten to a point where I don't use a credit card unless I absolutely have to.  I like to reduce my support to the debt-based fiat ponzi monetary system where those in power are profiting handsomely from the borrowers.  I guess it's just me. 
When it comes to debt, I'm often mindful of the following proverb : 
"The rich rules over the poor, and the borrower is slave to the lender "  - Proverbs 22:7
Gold is now GBP1588 (USD1928).  Not unexpected when we start seeing a house of cards falling. 

Im torn as to whether i want to sell half my stack half my ISA and pay off my mortgage. Hard to let go though as it can always go up!

A very good friend, Father figure, life mentor once told me something similar. "Remember lad, Always leave some meat on the bone for the other guy. If you don't you'll be left holding the bones". Along with many, many other bits of life experience and info he attempted to pass on. Not to just me, but anyone he came into contact with. I regard myself as very lucky as growing up I had access to a number of people that were really very unappreciated fountains of knowledge and great advise. My grandfathers advise helped me build up my property portfolio, along with the boss I had as a teenager, he put me onto my first property deal and got me started in the rentals. My father installed the drive and work ethic from such an early age. My friends father helped me meet people and trade just about anything from soil to at one point a large Ruston steam engine (I wish I had it now). Along with a few close friends I was fortunate enough to pick up along the way.
All the above, I think have helped me far more than any would be financial advisor could. I think it was Richard Feynman That said he was taught at an early age to value and learn how things work and make them tick by his father. More so than what things were called. To gain a deep knowledge of the subject was the goal. He demonstrated what he meant by saying whilst walking through the woods they came upon a bird. He was asked what he knew about the bird. "It's a robin." and? ......... "You may know it's a robin, you may know it's Latin name, you may know what it's called in every language on earth, but, what do you know about it." I think this approach has been lost and it was what my mentors tried to pass on.
Ultimately, what I've tried to do is create different pots to put my hard earned cash to work in. With the hope, that it works as hard as I did for it.
I started with a safe secure pot of funds and only used this on the lowest risk investments to generate an income whilst maintaining it's value. Savings accounts or items that would help me work more efficiently. 
Then, whilst maintaining the low risk pot, I tried to create a pot that took a bit more risk in growing my funds. Keeping this separate from my main pot meant that I could take more risk and feel comfortable that what ever happened, it would not affect me to the point I would loose everything. Stocks and share ISA, Unit funds. Items to sell on for a profit.
As with the creation of the second pot. A new pot of funds was created for more risker ideas. Once again, build it up and getting to know and understand the increased risk whilst maintaining the lower levels and importantly not allowing the higher risks to affect the more tried and tested forms of securing my hard earned cash. Property, equities 
And so on. I think it was after the FA asked what my approach to saving and investing was, and I told him this. I could see the thought flash through his mind "I'll get nothing here"
In conclusion, and I suppose to answer my own question. Is it worth having a Financial review from the bank? No, not for me at least. They were only interested in having me consolidate all my funds especially the more liquid funds and putting it with them. Regardless of the fact that my funds are more protected as they are now than they would be if I were to lump them altogether. This is after making a song and dance about FSCS guarantee.
Sorry for the essay and my disjointed ramblings, however, I have found it interesting reading everyone's points of view. I think I would like to get into trading a few stocks, holding some. I feel this is where I'm at, at the moment. I just need to do my research on the best way to approach it.