Regrets - buyers and sellers

[Ted1945]

I’ve often seen mention of references to past mistakes and regrets and wondered if anyone would share their experiences?  I am still new to collecting and certainly messed up with buying from the RM and continue to do so😂

who knows it may be cathartic to share or not,  just wondered ? 

 

[Petra]

🤔🤔 bought too much silver!😮🤔

[James32]

Have no regrets as such, saves me from admitting I can be an idiot quite often. 

The only thing I'd change if I had the opportunity, I'd of gotten into gold sooner.

[QuantumStacker]

bought more gold when I was buying it for £700 an once. 

Or got it to buying gold in 2000 when I started earning money approx £200 an once then. 

But to be honest im done buying from the royal mint. Never again

Its all a learning curve and I'm sure we all made errors that lost us money

Edited September 9, 2023 by QuantumStacker

[Bigmarc]

Telling too many people in the early days. Just keep it to yourself, safer, quieter and easier. 

[SiCole]

1. I wish i knew about it sooner 

2. I wish i hadn't gone all in on memorial sets (hindsight!)

 

[Silverlocks]

I regret that I hadn't forced the issue with my ex and started taking a haircut off the top and saving it sooner.  Still cleaning up the mess after that.  

[AaaGee]

Late to the game myself sadly. 

Also spending too much money on it now (ironically).

A few things need money putting into that have been neglected since i started stacking.

[James32]

7 minutes ago, AaaGee said:

 

A few things need money putting into that have been neglected since i started stacking.

I'd say many of us could say the same, but on the bright side..a large percentage ( spot price dependant) is safe and can be turned back into cash, if the leak becomes a flood 😆 

[ArgentSmith]

17 minutes ago, James32 said:

I'd say many of us could say the same, but on the bright side..a large percentage ( spot price dependant) is safe and can be turned back into cash, if the leak becomes a flood 😆 

Regardless of water level who's going to buy Sandbags over Sovereigns? maybe ok to trade a Silver Krug for a pair of cheap gum boots 😅

[NGMD]

Buying things I don’t really want, or need, but they look good until the Postie delivers it.

Thinking RMs 50/50% Quality control will improve.

Flip Flopping adventure though.

[JamesH]

Should have started sooner

Shouldn’t have purchased my first bullion from the Royal Mint

Should have put a little less into gold and a little more into investments

But let’s be honest, these are problems others would bloody love to have 👍🏼

[Paul]

3 hours ago, Ted1945 said:

I’ve often seen mention of references to past mistakes and regrets and wondered if anyone would share their experiences?  I am still new to collecting and certainly messed up with buying from the RM and continue to do so😂

who knows it may be cathartic to share or not,  just wondered ? 

 

Buying silver in bulk weekly when I could get a krugerrand for £675

lives and learns, noone knows all the answers. Even stopped clocks are right twice a day 

[9x883]

Buying beasts from dealers, not many fortunately😅

Keep it simple. Bullion brits/fractionals and sovs.

When gold shoots to da moon no one is paying those premiums.

[Paul]

1 minute ago, 9x883 said:

Buying beasts from dealers, not many fortunately😅

Keep it simple. Bullion brits/fractionals and sovs.

When gold shoots to da moon no one is paying those premiums.

. . . . . To da'mooooooooooooon 🚀🚀🚀 !! 

[Ted1945]

1 hour ago, SiCole said:

1. I wish i knew about it sooner 

2. I wish i hadn't gone all in on memorial sets (hindsight!)

 

Oh those memorial sets, I feel the pain too, perhaps on the way to the moon it’ll come good 

[AaaGee]

21 minutes ago, JamesH said:

Should have started sooner

Shouldn’t have purchased my first bullion from the Royal Mint

Should have put a little less into gold and a little more into investments

But let’s be honest, these are problems others would bloody love to have 👍🏼

Sadly true.

[Ted1945]

I have a few bullion coins from the RM,old ones, in fancy envelopes …I think gold needs to go to Mars let alone the moon  before I’ll recoup the premium 

 

[Paul]

5 minutes ago, Ted1945 said:

Oh those memorial sets, I feel the pain too, perhaps on the way to the moon it’ll come good 

The gold will do well in years to come but not any time soon. Hold for the long term you should be good. The design is still stunning. just a very bad trading environment now, it's the perfect storm of everything currently being depressed and miserable and not selling 

Luxury watch market is the same, on its arse 

It's only when you cash in/ or NEED/forced to cash in selling your bits in value is relative 

[SiCole]

2 minutes ago, Paul said:

The gold will do well in years to come but not any time soon. Hold for the long term you should be good. The design is still stunning. just a very bad trading environment now, it's the perfect storm of everything currently being depressed and miserable and not selling 

Luxury watch market is the same, on its arse 

It's only when you cash in/ or NEED/forced to cash in selling your bits in value is relative 

100% agree. An unencumbered asset only shows its true value when its up for sale.

[SlowFrog]

I bought a 1oz 2011 Brit.. in 2011. Completely random purchase. Paid £800 and felt disgusted with myself for wasting money. Put it in a draw and forgot about it.

Didn't buy anything else until 2020 when I realised it had nearly doubled in price and my bank savings were doing absolutely bugger all. So yeah, if only I'd been watching the price more closely, I'd have probably gotten in sooner.

[modofantasma]

3 hours ago, Ted1945 said:

I am still new to collecting and certainly messed up with buying from the RM and continue to do so😂

It's not necessarily a mistake.... You could have bought it from somewhere selling dodgy gold and ended up with next to nothing of value and that might have put you off physical metals entirely for eg....

 

[Darr3nG]

3 hours ago, Ted1945 said:

past mistakes and regrets

Bought every 2oz Silver Gothic Crown Quartered Arms and Portrait I could get my hands on, sent them all for grading... I was gonna be rich, rich I tells ya!  

[Charliemouse]

Define mistake.

Some people would say that if you don't buy at the rock bottom of a market, it's a mistake.

Others say that if you don't realise the most possible profit and sell at the top, it's a mistake.

And others say that if you buy something of beauty and stick it in a box for 20 years where no one can see it, it's a mistake.

I've done all of them.

[Ted1945]

15 minutes ago, Charliemouse said:

Define mistake.

Some people would say that if you don't buy at the rock bottom of a market, it's a mistake.

Others say that if you don't realise the most possible profit and sell at the top, it's a mistake.

And others say that if you buy something of beauty and stick it in a box for 20 years where no one can see it, it's a mistake.

I've done all of them.

Mistake = Handling a proof coin