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

[JamesH]

16 minutes ago, Makey1976 said:

Lads as seeninpostbeen saving for the 1oz coin gold . 
seen price rise over last month and said worried that I should buy now because my be in 5 month the price will rise more 😂 seen one today and sitting here actually stomach turning thinking should I buy or not.

how did you react and feel the first time buying something that cost a lot more than you usual buy . I.e silver coins , bars , sovereign etc. 
 

My first precious metal purchase was 5 gold sovereigns from the Royal Mint in 2022. Umm’d and Arr’d for days before buying and felt a little panic once I’d pulled the trigger but looking back, was a great thing to have done and paved the way for a lot more gold purchase since then. It’s right to consider options before spending a chunk of cash, especially when you’ve not done it before. Really buzz once you’ve done it though and have it in hand 👍🏼

[Makey1976]

3 minutes ago, JamesH said:

My first precious metal purchase was 5 gold sovereigns from the Royal Mint in 2022. Umm’d and Arr’d for days before buying and felt a little panic once I’d pulled the trigger but looking back, was a great thing to have done and paved the way for a lot more gold purchase since then. It’s right to consider options before spending a chunk of cash, especially when you’ve not done it before. Really buzz once you’ve done it though and have it in hand 👍🏼

Thanks mate for reply. It’s really just cause the amount of increased over last few month. Alway wanted an 1oz Brit and started saving for it . But with the rise now worried about buying such large amount on one piece in case it falls again . Do I just keep buying half and full sovereigns as if price drops the same as rises then will lose not as much , as to get rid of smaller coins than one big one will be easier and smaller loss (if that make sense 😂). But as you said I always waited larger coin and heart ❤️ really wants it and would be buzzing having it in hand . 

[ZRPMs]

24 minutes ago, Makey1976 said:

Lads as seeninpostbeen saving for the 1oz coin gold . 
seen price rise over last month and said worried that I should buy now because my be in 5 month the price will rise more 😂 seen one today and sitting here actually stomach turning thinking should I buy or not.

how did you react and feel the first time buying something that cost a lot more than you usual buy . I.e silver coins , bars , sovereign etc. 
 

Can't remember the first time I bought, seams to have blurred in to the others. However, I did make a bucket list purchase of 100 sovereigns. That was a tad bit stomach turning and a ball ache with the bank. 

[JamesH]

7 minutes ago, Makey1976 said:

Thanks mate for reply. It’s really just cause the amount of increased over last few month. Alway wanted an 1oz Brit and started saving for it . But with the rise now worried about buying such large amount on one piece in case it falls again . Do I just keep buying half and full sovereigns as if price drops the same as rises then will lose not as much , as to get rid of smaller coins than one big one will be easier and smaller loss (if that make sense 😂). But as you said I always waited larger coin and heart ❤️ really wants it and would be buzzing having it in hand . 

Provided you’re planning to hold for the long term, personally, I’d try not to worry too much about what the gold price will do in the short term. 2 Grands worth of gold whether in Brit form or Sovereign, will increase/decrease the same so I’d say consider the spend, as opposed which coin. 

[ZRPMs]

I've already had to fess up to spending my savings on an ounce. Will try again.

[Fishface220]

On a plus note with gold spot dropping….. everyone should be almost back on target for the Christmas buys

[Petra]

🤔😮only a minor dip ……

[Brit2023]

On 21/04/2024 at 20:12, Makey1976 said:

Thanks mate for reply. It’s really just cause the amount of increased over last few month. Alway wanted an 1oz Brit and started saving for it . But with the rise now worried about buying such large amount on one piece in case it falls again . Do I just keep buying half and full sovereigns as if price drops the same as rises then will lose not as much , as to get rid of smaller coins than one big one will be easier and smaller loss (if that make sense 😂). But as you said I always waited larger coin and heart ❤️ really wants it and would be buzzing having it in hand . 

Going to be a lot of ounce gold on the sales pages on the run up to Christmas this year.🤓

[Aldebaran]

On 21/04/2024 at 19:44, Makey1976 said:

Lads as seeninpostbeen saving for the 1oz coin gold . 
seen price rise over last month and said worried that I should buy now because my be in 5 month the price will rise more 😂 seen one today and sitting here actually stomach turning thinking should I buy or not.

how did you react and feel the first time buying something that cost a lot more than you usual buy . I.e silver coins , bars , sovereign etc. 
 

The first coin I bought for myself was a one ounce gold Britannia in 2012, I still have it.

It’s gold value has decreased and then regained and increased, it is a lovely thing to own - knowing that someone will always buy it from me. Interestingly, yesterday I sold some coins for the first time ever and it is very comforting to have that security 🌞

[ZRPMs]

Last week of April and the only update I have and all that can be said of me is  I'm here to  Again.

 I saw a lovely 1937 George VI, graded to PF63. and had to have it. On top of the 1oz Brit. They spoke to me on a spiritual level and I had to say "Savings be damned"

So, You see, Although my piggy bank may not recover  I do feel I have completed the goals. Just with borrowed fund's from the general household bills account. I will therefore, going forward give my updates as a minus amount from my in my next update until hopefully I am back in credit. 

I am aware folk may think  But thought it may look odd if I start updating with  Debt.

Edited April 24 by ZRPMs

[SidS]

How long did it take you to get that all lined up correctly! 😁

[ZRPMs]

2 minutes ago, SidS said:

How long did it take you to get that all lined up correctly! 😁

It wrote it's self really. You first have to to be madder than a box of frogs.  then, Have the time to confuse the algo on your computer to distraction.

[ZRPMs]

On 16/11/2023 at 19:08, Paul said:

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

I think @Paul your costings on the initial post explain why myself and a couple other have decided to purchase already. At the time I bought my 1oz Brit at £1,850 it was under spot.

Anyway, To close April out  I have already bought as part of this Christmas savings club, pushing me in to the red. As and update I bought 

1oz 2014 Britannia @ £1,850.00

1937 sovereign PF63 @ £3,000.00

So my spends for the savings club outside my normal collecting are £4,850.00. 

To date, From the proceeds of clearing out sheds and surplus MTG Collection I have made net sales of £1,481.20

Leaving me in the red for -£3,368.80 

[Aldebaran]

I have already bought mine too 🌞

@ZRPMs if you sell your Beauty Queen carriage you will get back into black in one hit 🥳

[ZRPMs]

7 minutes ago, Aldebaran said:

I have already bought mine too 🌞

@ZRPMs if you sell your Beauty Queen carriage you will get back into black in one hit 🥳

I bought it for the little one. It's hers. If I ever sold it she would never speak to me again. I call her my little princess and she really believes she is. She had it when she was 3 and what other little one has a carriage like that if they're not a real princess right. 

There is some footage of it from it's first use back in 1953/4 In Anglesey but here's a few pictures from it's early days.

 

[SidS]

I don't know how I feel about being a passenger in a horse drawn carriage. I'm used to the exhaust pipe being situated behind where I'm sat, not in front of me. 😁

[Aldebaran]

1 hour ago, ZRPMs said:

I bought it for the little one. It's hers. If I ever sold it she would never speak to me again. I call her my little princess and she really believes she is. She had it when she was 3 and what other little one has a carriage like that if they're not a real princess right. 

There is some footage of it from it's first use back in 1953/4 In Anglesey but here's a few pictures from it's early days.

 

Wow - that is brilliant - I don’t think that I would ever speak to you again if you sold it 🥰

[Aldebaran]

Another £250 today and I am now at £1850 - gold is £1838.49……..so by my calculations I have made it 🥳🥳🥳

[Gruff]

8 hours ago, Aldebaran said:

Another £250 today and I am now at £1850 - gold is £1838.49……..so by my calculations I have made it 🥳🥳🥳

Excellent, is that premium bonds you've won it on?

[Petra]

9 hours ago, Aldebaran said:

Another £250 today and I am now at £1850 - gold is £1838.49……..so by my calculations I have made it 🥳🥳🥳

Well done🤔😮nothing tempting you yet🤔👀

[Aldebaran]

1 hour ago, Gruff said:

Excellent, is that premium bonds you've won it on?

@Gruff - it is, I have been lucky lately 🥳

[Gruff]

Just now, Aldebaran said:

@Gruff - it is, I have been lucky lately 🥳

First month for me in about a year that I've not won anything on Premium Bonds. I've done OK over the last couple years on it. 7% return in about 2 and a half years. At the moment that all goes to additional overpayment on the mortgage.

[Aldebaran]

53 minutes ago, Petra said:

Well done🤔😮nothing tempting you yet🤔👀

I have bought mine already - now I have  finished paying for it 🤩

[Aldebaran]

3 minutes ago, Gruff said:

First month for me in about a year that I've not won anything on Premium Bonds. I've done OK over the last couple years on it. 7% return in about 2 and a half years. At the moment that all goes to additional overpayment on the mortgage.

I know that many people dis Premium Bonds, but we have held them for years and they have always performed really well.

Overpaying a mortgage, I believe, is the best course - I worked in that sector years ago.

[Gruff]

1 minute ago, Aldebaran said:

I know that many people dis Premium Bonds, but we have held them for years and they have always performed really well.

Overpaying a mortgage, I believe, is the best course - I worked in that sector years ago.

I've worked in Financial Services for the majority of my career and that is why I use cash, invest in PMs and am over paying the mortgage as much as I can without crippling living.