Bouchy5

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

While putting today's Memorial Sovereign away I decided to get all the gold out. Its not a lot compared to some, but it's mine, so it's special!
Most accumulated this year following my (inevitable?) slide from silver to gold.

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

Pleased to be back stacking! Some shiny stuff.  Pleased to hit my target for 2022

I've a few.
1) most important is to only buy from already proven "to me" trusted members/sellers. nothing personal, but sometimes I feel like I'm in the twilight zone on here.
2) continue the Tudor beast's in both 1/4 and 1oz
3) get more sovereigns to add variety. 
4) in-between times, I will ignore all of the above and do the opposite 😆 

Depending on your age, when you are likely to retire, other assets and the amount of money you are wanting to invest here are my suggestion -
1. Pay off any debt that charges interest higher than you can get for depositing cash in a bank savings account.

2. If you have a mortgage and if the worst happened and you could loose your house then maybe pay off some of the loan.
3. If you are a tax payer then consider paying money into a SIPP and get full tax credit into your SIPP.
This assumes you are not wanting to use SIPP money until aged 55+
Ignoring the tax relief offered is a big mistake.
Use your SIPP money to buy UK Equity Growth Funds that are always hot on the list of financial advisors with billions in value.
4. Ensure you have adequate cash to cover living expenses for at least 6 months and keep this cash in an ISA.
5. Finally if there is anything left over buy gold at as close to spot as you can find but generally 3% or less if you can find any.
It doesn't really matter whether you buy Krugerands, Maples, Britannia etc just look for 24ct rather than 22ct.
Sovereigns are extremely popular and easy to sell above spot but you pay over spot for them so if you see a bargain then go for it.
6. There is no harm in buying silver so all the popular coins and bars come to mind but selling to a bullion dealer will only get you close to spot but buying silver cost 20% more due to the VAT. You can ignore the VAT selling privately where you will pay more than spot + premium but sell for spot + premium with VAT equivalent included both buying and selling i.e. built-in to the price. Some stackers reckon silver has much more potential upside because compared to gold it is seen as cheap but that's been the story for many years now.
7. Gold definitely seems to win out BUT..BUT.. no-one can predict the future price and even though it is easily traded with small margins, you are speculating that the price will rise. There are as many "experts" believing gold will rise as fall but hopefully over the longer term ( i.e. decades ) as a minimum it will retain its original value whilst fiat currencies through inflation and QE will depreciate significantly.
8. Remember the wise advice of DIVERSIFY and don't put all your eggs in one basket.
Please note that I am not a financial advisor or qualified to give advice, just an ordinary forum member who has seen and experienced good and bad in a wide variety of sectors & investments over the years and just willing to share my personal views hoping it can help others.

Still quicker than my fooking 1oz yale ordered 14 September. By the time that arrives, it better be a buffalo. 

I've posted my little how I got into gold story in prior years, but it seems relevant to this thread today. Here's it again 
 
I'm 45 now and through my twenties, i guess I must have staked and wasted around £75k-£100k at a rough guess through bookies, FOBTs, online poker and land based casinos.



Some good days but it all quickly went back as losings in the end.



I went cold turkey at 30-31 and managed a few months until i relapsed again.



Told myself never again.



It was this time I found about gold, since 2008-2009 I have bought investment gold every month, a gold sovereign here, a half sovereign there, 1/2 oz on a good month, a full oz of fine gold when bonus from work.



What this did was separate actual cash i could gamble and move it into another tangible thing with value that i couldn't easily spunk away or spend.



Slowly but surely, my gold stack has grown, every month, as i would buy a another gold coin every fortnight or so.



The ancient Aztecs called Gold 'the sweat of the sun'



Blood, sweat, tears and toil getting it out of the ground.



YOUR blood sweat and tears represents how hard you have worked to get this coin you now hold, and continue to hold ongoing.



Your pile of gold increases monthly.



Gold is also a little bit of a gamble, it will never go to zero, it has been money for 5,000+ years, and can also go up in value



Currently im now VERY nicely up in £ terms if i chose to cash in and take some profits.



A quote stuck with me quite prophetically, as i've never believed in loans or credit cards.



“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” ― Norm Franz, Money & Wealth in the New Millennium: A Prophetic Guide to the New World Economic Order



The bigger my gold stack grows the more satisfied I become and want more. A positive kind of addiction.



I have not yet cashed in one single coin for gambling and my investment pile has grew.



I have cashed gold in here on the forum and realized better than dealer prices to increase my business and expand/buy new vans/staff/tech



This degree of separation that takes place between the gold coin and actual cash i can spunk gambling is awesome.



Yet i know at a glance my total gold grams i have on any given day, and know how much it is worth should i cash in.



When money is in a bank AC it is just like figures on a screen to me, cash in my hand just gambling token/betting voucher credits.



I could never hold onto money while it was in a bank account, savings account would be were there for good intention but the money came out for gambling.



Gold doesn't do that for me, the degree of separation between between the time and effort it takes to cash in a gold coin, packing posting, sending, waiting for bank transfer for payment etc. is a few days minimum.



By which times my urge to gamble has long since past.



whilst i will always have that gamble bug inside me, i cant extinguish that flame as i like to to take risks, i'm self employed and risk = reward. and i have done well working over the years.



I still have my monthly little gamble, but as my priority with my spare cash is always to buy a minimum amount of gold, i'm never exposed to loose mega money EVER, fact these days, as the money isn't there because it has been converted from one asset class cash into another asset gold.



The small amount i assign myself to have a gamble is minimal, £100 or £200 for a month. should i win, i actually treat myself to some more gold coins for my stack.



With doing this approach and putting what used to be gambling stake money cash into gold, i've got my good nest egg of gold if i cashed it in from my safe deposit box.



I purposely store the gold in a safety deposit centre in a city that is hours drive/train ride away to resist the sudden urge to gamble/cash in.



A financial advisor would tell you it is stupid and daft to put all your eggs in one basket with one asset/investments, but to a gambler?



would i sooner have this,  lots of gold is much better than having nothing at all, **** all to show for it - so it works for me



Knowing this fall back of savings is there for any of lifes eventualities makes me sleep wonderfully at night.



This approach may not be for everyone but if you can never hold onto money it has worked wonders for me.



Sorry for the rambles length here today but to those nodding their head to this and this life course maybe sounds a familiar path to yours, if my narrative resonates with you, give gold a try. please try it, you might just like it, or start just buying gold with your big wins.

https://www.thesilverforum.com/topic/32375-your-gold-story-how-it-happened/?do=findComment&comment=416089
 
 
 

A few less britannias but i have finally breached 100 sovereigns so thought i would mark the occasion with an updated stack picture!

Good morning has anybody brought one off the 1oz coins and does it look as good as in the picture. Also what’s the best price you have seen it in the U.K. ?
Thanks 👍🏿

Soon as I seen it I brought it thanks for the heads up.. 

Would be good if they had any on stock😔

Great price for 1/10
https://www.bullionforless.co.uk/collections/deals/products/best-value-tenth-ounce-1-10th-gold-britannia