All I want for Christmas is . . . . . . . . ? 1oz of GOLD? a sovereign??? let's get it and all be part of the journey

[Paul]

As we begin to approach the Christmas season, ive had a little bit of a fun idea which could be good to do as a forum collective and enjoy the journey together over the next year

As stackers we all want more gold but near all time high price, cost of living, inflation, interest rates it is hard to do for some in one purchase 

My idea is we ALL collectively choose a purchase for December 1st 2024 and save towards it enjoying the journey 

This can be whatever you want to allow for your own budget, big of small. 

A sovereign, a 1/2 oz gold, a 1oz Britannia, a 12.5kg "good-delivery" bar in @James32case

 

Now what we collectively put our savings away in daily, weekly, or monthly amounts and we all achieve our goals.  Whatever works best for you

Pop cash in a tamper proof pot. Sort a standing order to a savings account?  

 

What will it cost ?

So based on todays prices 

• 1oz gold Britannia = £1650
• 1 full sovereign = £385
• x5 sovereigns = £1925

This works out as follows

Daily cost:

• 1oz gold Britannia = £1650 / 365 days =  £4.52 per day
• 1 full sovereign = £385 / 365 days = £1.05 per day 
• x5 sovereigns = £1925 / 365 days = £5.27 a day 

Weekly cost:

• 1oz gold Britannia = £1650 / 52 weeks =  £31.73 per week
• 1 full sovereign = £385 / 365 days = £7.40 per week
• x5 sovereigns = £1925 / 365 days = £37.07 per week 

Monthly cost:

• 1oz gold Britannia = £1650 / 12 months  =  £137.50 per month
• 1 full sovereign = £385 / 12 months = £32.08 per month
• x5 sovereigns = £1925 / 12 months = £160.41 per month

 

So with those figures broken down who is in to commit to this ?   In small manageable chunks it doesn't look so bad does it and achievable?  

Now join us, the more the merrier. 

Be nice to enjoy the year journey together

• Find a pound in the street add it to your pot. Share it here
• Have a football bet come in add it to you pot.  Share it here
• Skip your Starbucks going to work add it to your pot. Share it here
• Give up cigarettes, at the same time Put your 20fags into your pot. Share it here 
• Make your work lunch at home and save on your pret a manger sandwich at lunch. Add it to your pot. Share it here

Will be nice im sure, to see what folk have come December 1st next year, what folk buy and share it here  

Who's in ?

I will throw my hat in the ring first to get the ball rolling, I'm in for a 1oz gold Britannia 1st Dec 2024 

 

 

Edited November 16, 2023 by Paul

[VGfine]

You could achieve this by using 57 envelopes, write 1 to 57 on them and when you have any spare cash or even change you can put it in the envelopes, so envelope 1: Put in £1 and seal it up, £2 in envelope 2, seal it up and so on, you won’t need to do them in order just put whatever you have in each envelope until it matches the number on the front and seal it up, so for example if you return from a night out at the weekend with say £26 left over, put in in envelope number 26 and seal it up.

At the end of November 2024 open all 57 envelopes and you will have just over £1650 if my maths is correct.

Thats 1oz gold without even noticing paying for it.

Edited November 16, 2023 by VGfine

[Paul]

11 minutes ago, VGfine said:

You could achieve this by using 57 envelopes, write 1 to 57 on them and when you have any spare cash or even change you can put it in the envelopes, so envelope 1: Put in £1 and seal it up, £2 in envelope 2, seal it up and so on, you won’t need to do them in order just put whatever you have in each envelope until it matches the number on the front and seal it up, so for example if you return from a night out at the weekend with say £26 left over, put in in envelope number 26 and seal it up.

At the end of November 2024 open all 57 envelopes and you will have just over £1650 if my maths is correct.

Thats 1oz gold without even noticing paying for it

That works to, the envelope method 

[VGfine]

2 minutes ago, Paul said:

That works to, the envelope method 

Should work well with 57 envelopes, the 100 envelope method is a tough ask within a year because it gets hard with all those £60+ envelopes to complete.

[Gruff]

I like it! I'm game

[Paul]

9 minutes ago, Gruff said:

I like it! I'm game

Yay 😁 👍 

[Darr3nG]

I'm in! Love this idea... gonna aim for the 5 x sovs

I've sort've been doing it already this year, I opened one of those high-interest savings accounts, and put in money every payday. Except, I didn't really have a goal, just wanted to see the interest getting paid out. I will likely just turn it into sovereigns.

But doing this, with a set goal from the start sounds better.

[Paul]

2 minutes ago, Darr3nG said:

I'm in! Love this idea... gonna aim for the 5 x sovs

I've sort've been doing it already this year, I opened one of those high-interest savings accounts, and put in money every payday. Except, I didn't really have a goal, just wanted to see the interest getting paid out. I will likely just turn it into sovereigns.

But doing this, with a set goal from the start sounds better.

Yay 😁 👍 

[Gruff]

If enough of us can decide on one of those price ranges, perhaps we can get bulk discount from a dealer? Lots of trust there, unless they would be willing to accept a deal that we all ring up and pay for 5 sovs each or something?

[VGfine]

Ok, I’m in on this, I am aiming for the 5 Sovereigns (probably going to use the envelope method using a combination of spare change and selling c**p I don’t use/need anymore)

[Paul]

4 minutes ago, Gruff said:

If enough of us can decide on one of those price ranges, perhaps we can get bulk discount from a dealer? Lots of trust there, unless they would be willing to accept a deal that we all ring up and pay for 5 sovs each or something?

We might get free postage from any willing Blackpool dealers

[Gruff]

I'm happy to aim for the 5 sovs too, as I don't have any and it would be an epic way to start

[Paul]

2 minutes ago, VGfine said:

Ok, I’m in on this, I am aiming for the 5 Sovereigns (probably going to use the envelope method using a combination of spare change and selling c**p I don’t use/need anymore)

Yay 😁 👍 

Just now, Gruff said:

I'm happy to aim for the 5 sovs too, as I don't have any and it would be an epic way to start

Yay 😁 👍 

[Petra]

I actually put or try to put cash away separately each week at the moment. No set amount, but it is amazing how it adds up. Most is currently sitting in a safety deposit box along side my gold. Love to buy more gold with it, unfortunately it is already accounted for!🤔🫢🙁

[JamesH]

This is a great idea. I’m in. Not sure if it’ll be a 1oz bar or a 1oz coin but this could become a Christmas tradition I can get behind. No 1oz’s in my stack so 1 a year in December would be great fun 👍🏼

[Paul]

4 minutes ago, JamesH said:

This is a great idea. I’m in. Not sure if it’ll be a 1oz bar or a 1oz coin but this could become a Christmas tradition I can get behind. No 1oz’s in my stack so 1 a year in December would be great fun 👍🏼

Yay 😁 👍 

[Paul]

We will start the saving / collection clock on Dec 1st 

Tag a friend 

Stop stacking beans @GoldDiggerDave

Stop renewing your hoover belt @James32 

Stop buying big gold @Charliemouse 

@QuantumStacker stop grading start stacking

@AndrewSL76 small gold is just so'last year'

Sell your redundant old cable off @tony 

Roll up roll up ! 

[JamesH]

Stop considering silver @Fenlander1

Whomever is holding @HerefordBullyun hostage, let him go

 

[Paul]

Tag tag tag away!

@ anyone  ! 

[Fenlander1]

4 minutes ago, JamesH said:

Stop considering silver

Silvers OK I can't afford anything else. Lol 😆 🤣 

[Petra]

7 minutes ago, Fenlander1 said:

Silvers OK I can't afford anything else. Lol 😆 🤣 

Save and get a big lump of silver next December 🤔😮

[AOB]

Count me in - x5 Sovs my goal 

added few extra lads below:

@NGMD @AuricGoldfinger @stefffana @Gruff @Silverlocks @FlorinCollector @Gordy 

[AOB]

9 minutes ago, Fenlander1 said:

Silvers OK I can't afford anything else. Lol 😆 🤣 

Get yourself new treasure chest full of silver 

[Gruff]

Just now, AOB said:

Count me in - x5 Sovs my goal 

added few extra lads below:

@NGMD @AuricGoldfinger @stefffana @Gruff @Silverlocks @FlorinCollector @Gordy 

Thanks for the tag, I'm in already, on the same aim, 5 x sovs. Gets me off the mark with sovs then  

[Paul]

12 minutes ago, Fenlander1 said:

Silvers OK I can't afford anything else. Lol 😆 🤣 

Room for all budgets in this thread