Moving abroad with silver.

[Jekyll]

Hey guys, 

So I'm currently stacking between 30-50oz per month while I'm in uni. Me and the missus are gonna be moving abroad in the next five years, and I just wondered how I'd best go about moving what will be around 2000oz out of the country. Are there any border fees to pay? Is it gonna cost an absolute fortune to ship and insure? I've not looked into it yet but figured one or two of you might have had experience with it. 

Much appreciated, 

J 

 

[RacerCool]

That's a tough one. Honestly, I'd turn it into a couple dozen gold coins, then you could easily move those.

[sixgun]

You could be saving in sovereigns. These would transported with ease - this is the advantage of gold - it is very portable. 
Sovereigns look like pennies - the penny is 20.3mm and the sovereign is 22.05mm.

Now let's say you saved 100 sovereigns - at today's rate that is something between £27 - 30k.

Would you worry about carrying 100 pennies? i think not.

[Jekyll]

1 hour ago, RacerCool said:

That's a tough one. Honestly, I'd turn it into a couple dozen gold coins, then you could easily move those.

I was thinking this myself. I just think silver has more room for growth. In reality I could leave it at the in-law's and store it there until I figured out a way. Guess I need to get some hypothetical quotes now and see if it's gonna be worth it.  

[Roy]

2 hours ago, Jekyll said:

So I'm currently stacking between 30-50oz per month while I'm in uni.

WTF? How?

[danmc82]

14 minutes ago, Roy said:

WTF? How?

There's these weird places i've seen online. I think they're called "Shops" 😁

[Roy]

😁

When I was at university there was no way I had £500-750 a month disposable income.

How unfair.

humph!

[Jekyll]

2 minutes ago, Roy said:

😁

When I was at university there was no way I had £500-750 a month disposable income.

How unfair.

humph!

Because I work my backside off for between 40-60 hours a week on night shift. You can do uni two ways, knuckling down and working hard or going out on the town 4 times a week and hoping your parents bail you out in three years. 

[danmc82]

1 minute ago, Jekyll said:

Because I work my backside off for between 40-60 hours a week on night shift. You can do uni two ways, knuckling down and working hard or going out on the town 4 times a week and hoping your parents bail you out in three years. 

Well it sounds like you've got your head screwed on anyway 🙂

[Roy]

🤣

Thanks for the tips!

[Jekyll]

16 minutes ago, Roy said:

🤣

Thanks for the tips!

Now if you could reciprocate and give me tips on how to convince my missus that spending that much a month on shiny rocks is a good idea we'll call it even. 😅

[Roy]

It would be wrong of me to do so.

I don't believe it is a good idea at your age (I'm assuming here, sorry).

You need real growth not speculation. 

 

[Jekyll]

This is just a hedge, something physical that I'll hold for a while. I don't even want to touch it for another 20 years at least, probably 30. 

I got involved with crypto in late 2015 and you saw where that went two years later. I released a decent chunk of capital there. 

Never bothered with stocks or mutual funds, I feel I need to learn that game before I just go swanning in. As for real estate, absolutely not in this country. 

6 minutes ago, Roy said:

You need real growth not speculation. 

 

Speculate to accumulate, that's probably the only sound parental advice I received growing up. 

[Bluenitsuj]

1 hour ago, Jekyll said:

Because I work my backside off for between 40-60 hours a week on night shift. You can do uni two ways, knuckling down and working hard or going out on the town 4 times a week and hoping your parents bail you out in three years. 

Wish my daughter had your mind set.  

[Jekyll]

46 minutes ago, Bluenitsuj said:

Wish my daughter had your mind set.  

If it's any consolation I'm an outlier, and the only reason I do it is because I don't have a plan B. No family, no safety net, nada. I don't have much choice in the matter 😁

I miss out on 'student life' but it was never for me anyway. 

[RacerCool]

4 hours ago, Jekyll said:

I miss out on 'student life' but it was never for me anyway. 

Then you're not missing out. A lot of that stuff happens because many students are single, so it's really the single life. You're living your own life and trying to be smart about it, so keep doing that. 👍

[sixgun]

7 hours ago, Roy said:

🤣

Thanks for the tips!

My first university course involved lectures and practical elements all day and everyday including Saturday mornings - plus evening tutorials. i don't think working 40 - 60 hours night shift would have fit in with that.

[Jekyll]

1 minute ago, sixgun said:

My first university course involved lectures and practical elements all day and everyday including Saturday mornings - plus evening tutorials. i don't think working 40 - 60 hours night shift would have fit in with that.

I only have 15 hours of classes p/w and even that's a stretch when they start at 9am and I finish work at 7am. Most of uni is 'self directed learning' now, meaning we pay nearly ten grand a year for the lecturers to sit around drinking coffee and lying in. 

[sixgun]

10 minutes ago, Jekyll said:

I only have 15 hours of classes p/w and even that's a stretch when they start at 9am and I finish work at 7am. Most of uni is 'self directed learning' now, meaning we pay nearly ten grand a year for the lecturers to sit around drinking coffee and lying in. 

i think there are courses that get their money under false pretenses.

[Jekyll]

13 minutes ago, sixgun said:

i think there are courses that get their money under false pretenses.

For sure, the whole thing's a racket for the most part. Completely unsustainable in the long term. 

[sovereignsteve]

2 hours ago, sixgun said:

My first university course involved lectures and practical elements all day and everyday including Saturday mornings - plus evening tutorials. i don't think working 40 - 60 hours night shift would have fit in with that.

Yes me too . There was no way I could done any other work let alone night shifts.

It shows you how different degrees are these says to how I remember them.

I spent over 20 years before I retired interviewing, appointing and training new graduates. I've seen the gradual deterioration of graduates' knowledge in that time. Most graduates I was seeing in the latter few years wouldn't have been given an interview when I was starting, they certainly wouldn't have been appointed.

I know I sound like a grumpy old yorkshireman, when I was a lad etc etc but I do despair at the quality of graduates they turn out nowadays.

[Melon]

1 hour ago, sovereignsteve said:

Yes me too . There was no way I could done any other work let alone night shifts.

It shows you how different degrees are these says to how I remember them.

I spent over 20 years before I retired interviewing, appointing and training new graduates. I've seen the gradual deterioration of graduates' knowledge in that time. Most graduates I was seeing in the latter few years wouldn't have been given an interview when I was starting, they certainly wouldn't have been appointed.

I know I sound like a grumpy old yorkshireman, when I was a lad etc etc but I do despair at the quality of graduates they turn out nowadays.

Hmm, not so sure on this. Have you considered that it may be your perception and expectations that has changed over time? From what I hear the graduate job market is tougher now than it's ever been, largely because there's so many folk coming out of university with a degree competing for the same relatively small number of graduate type positions. I'm not sure the blame is with the students, I think the problem is we funnel teenagers towards university with false pretences and easy loans, probably to keep unemployment numbers artificially lower. 

[sixgun]

There was a day when having a degree was enough - then the number of courses and students taking them ballooned.

How come there were more students? Did the population suddenly become more intelligent? Did they become more academic?

No - the school exams have become easier - this is how politicians and school authorities can year-on-year boast about improved exam results. It helps disguise the lack of skilled worthwhile employment. 

There are many more students and many of them should never have gone to university - they were not academic, they weren't bright enough but the universities cannot be seen to be failing droves of students - so they pass.

We see high grades which don't really match the real life skills of the graduates and average grades which probably aren't up to that much. There are more students taking academic courses b/c the alternatives have disappeared. British industry has been destroyed - the jobs that were are gone. There are less worthwhile jobs and more candidates waving a piece of paper. The graduate job market is tough under those circumstances - the graduate market is not tough if you have first class honours in a STEM subject and you are an Oxbridge graduate b/c you can stand out but when there are 10's of thousands of others with a 2.2 it can become an impossible task - then we have misdirected youngsters with debts and shattered dreams. 

[Pete]

It used to be quite tough to get into University and maybe only the top 10% made the required grades because the courses demanded this.
I can only speak for science and maths and if you hadn't got good A grades then after a month in class you would be falling so far behind that you would never catch up.
Able students that wanted more of a vocational course, who would really struggle with university work, could go to a polytechnic and gain certificates and diplomas which for some jobs would be worth just as much as a degree.

The government of the day decided that everyone should have the chance to earn a degree ( so what if dilution meant they were useless but that didn't matter to politicians ) so the polytechnics were rebranded universities.

When fees were introduced this was a gravy train for universities so they expanded their courses and opened their doors to anyone who could spell their name correctly.
Then some universities, in order to suck in more fee paying students started to give higher grades believing this would appeal to many students believing this is the place that has a high success rate and will enhance my life chances, especially gaining a first class degree which was previously really.. really challenging.

Unfortunately this experiment has totally backfired as employers know the score.
Perhaps that's why so many foreign students are filling the technology vacancies these days and not sweeping the floor in McDonalds with a "degree".
 

[sovereignsteve]

2 hours ago, Melon said:

Hmm, not so sure on this. Have you considered that it may be your perception and expectations that has changed over time?

I'm not sure where your base is for making this patronising statement.