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simon13

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  1. Like
    simon13 got a reaction from MancunianStacker in New from the guys that bought you BullionVault. It's Whisky Invest Direct   
    Have to say I was very sceptical given all the cask sale scams that have happened over the years.   A typical hogshead at 250 litre (industry standard) filled at the (industry standard) 63.5%abv will equal about 160 LPA.
     
    In todays market, a cask of a lower tier single malt distillery (which is what is mostly on whiskyinvest) bough by an individual from a broker would cost about £7 per LPA.  Marketplace prices seem to be about £2.77 per LPA which seems pretty good... so about £283.2 for a Hogshead.  Almost seems too good to be true.
     
    On closer inspection, its not as good as it looks.  Often a casks price will include insured storage in bond for 10 years.  whiskyinvest will charge £0.15 per La per month... which is £2880 for 10 years in bond for a hegshead.  More than buying an overpriced Arran "cask offer" which includes a hogshead and 10 years storage at £2500.  Not so good.  If a distillery is running out of warehousing space, they rent from a private bonded warehouse or another distillery. Normally about a £1 per month per cask but can be as high as £9 depending on who you deal with and who you are.  whiskyinvest is £24 a month for a cask.  That's where they make their money.
     
    "WhiskyInvestDirect's revenues come from a mixture of four sources:-
    Commission Custody fees Interest receipts The difference between buying and selling prices of whisky, known as the "trading turn"" Well you are ripped off on the "custody fees" and whiskyinvest has three other ways to make money out of you.  I'd probably stop there.
     
     
    If anyone really wants a cask, you can buy (quite expensively but a lot better than whiskyinvest) direct from some distilleries.  You can deal with a smaller cask broker for a big saving.  Buy the barrel, hold for 10+ years.  Whisky auction companies will gladly sell your cask for you or your broker could organise a private sale, at any age.  if you want it shifted it may take over 2 months before you have money in your pocket.
     
    Seems like they are taking advantage of the whisky hype and hooking you with low prices per LPA and ripping you off on all the fees.
     
    I have one cask which I made myself (legally) at Strathearn Distillery.  Did the whole process myself based on my research on 1960's whisky styles.
  2. Like
    simon13 reacted to DRooster in Silver Monitoring Thread £ only.   
     I stopped buying when it went up to a tenner ... I'm CHEAP.
     
  3. Like
    simon13 got a reaction from HelpingHands in Gold Monitoring Thread £ only   
    Chinese New Year having an effect?
  4. Like
    simon13 got a reaction from HelpingHands in Gold Monitoring Thread £ only   
    Chinese New Year having an effect?
  5. Like
    simon13 reacted to Numistacker in Going electric (car)   

    8000 miles so far in my Smart.
    Zero battery degradation

  6. Like
    simon13 reacted to Numistacker in Going electric (car)   

    I had a Renault Twizy for 18months and I changed to a Smart EV. I absolutely adore driving electric.

    All my commuting every day is done in my electric smart.
  7. Like
    simon13 reacted to HelpingHands in Jeremy Corbyn   
    HT you seem to be a bit obsessed with him.

    I'm not aware of any moderation in this thread.
  8. Like
    simon13 got a reaction from Cointreau in Conspiracies   
    IRL HT looks like this



    Or is he really like this?


  9. Like
    simon13 got a reaction from Cointreau in Conspiracies   
    IRL HT looks like this



    Or is he really like this?


  10. Like
    simon13 got a reaction from Danny-boy in Conspiracies   
    Then how you explain this?


    Most people (quite rightly) start from the position of not trusting governments and work from there.
  11. Like
    simon13 got a reaction from SilverPirate in Today I bought.....   
    Got over excited at McTears Coin auction today and bought a 2010 Australian proof sovereign.  £200 Hammer, £248 including fees.
     
    Delivery is covered as I bought a lot of whisky and a trusted friend is picking up for us.
  12. Like
    simon13 reacted to jc1989 in Who owns their property   
    I work all over the place so rent wherever I am working.
    I have a mortgage on a two bed house which I rent out for cash.
    I rent it to a mate so charge well under (£400) the market rate and £200 under my mortgage payment.
    It's worth it to keep my tax bill down and helps my mate and his misses save a deposit of their own rather than getting stripped up by the rents round here.
    Also it is nice knowing the place is in safe hands
    And because he is my mate he looks after the place and does bits and pieces that need doing,
    If anything big needs doing I sort it out.
  13. Like
    simon13 got a reaction from realbluegold in exit strategies   
    If we have hover cars then we probably have functioning em drives which means cheap space travel which means asteroid mining which means the value of gold and silver plummets.
  14. Like
    simon13 got a reaction from SilverPirate in Today I bought.....   
    Got over excited at McTears Coin auction today and bought a 2010 Australian proof sovereign.  £200 Hammer, £248 including fees.
     
    Delivery is covered as I bought a lot of whisky and a trusted friend is picking up for us.
  15. Like
    simon13 got a reaction from Stu in Silver as a Protector of Wealth - Humbug !   
    I'll be getting myself an on/off grid hybrid solar system later this year. Pays for itself in about 10 years (8 if you don't want the off grid option) then its all profit after that. Also if the grid goes down, i can run the essentials. Good from a prepper and investment point of view.
  16. Like
    simon13 got a reaction from HighlandTiger in Will your nerves hold ?   
    With my interest rates so low and other financial instruments carrying increased risk, Everyone should hold some hard assets without counter party risk.

    For me its Gold, Silver, Property and Whisky. I'm currently selling the house to pay for a new business venture, without debt or external investment. If I can me in within budget i'll be putting whats left into Gold and Silver... hopefully the price will keep dropping until then.

    I wont be homeless, i'm almost finished doing up a room in my hotel that cant be used as a hotel room because of fire regs.
  17. Like
    simon13 got a reaction from HighlandTiger in Will your nerves hold ?   
    With my interest rates so low and other financial instruments carrying increased risk, Everyone should hold some hard assets without counter party risk.

    For me its Gold, Silver, Property and Whisky. I'm currently selling the house to pay for a new business venture, without debt or external investment. If I can me in within budget i'll be putting whats left into Gold and Silver... hopefully the price will keep dropping until then.

    I wont be homeless, i'm almost finished doing up a room in my hotel that cant be used as a hotel room because of fire regs.
  18. Like
    simon13 reacted to HelpingHands in Whatever happened to The Silver Forum ?   
    If even the silver forum has stopped buying silver then that's got to be the ultimate signal that the market has bottomed.
  19. Like
    simon13 reacted to HighlandTiger in Gold Monitoring Thread £ only   
     
    Sounds like a joke is in there somewhere.
     
    How was gold thread invented?
     
    Two Scotsmen fighting over a sovereign.
     
    Boom boom.   
  20. Like
    simon13 got a reaction from Numistacker in Today I Received   


    Got these from Madstacks on the forum here. Super fast and efficient transaction. Very happy. So far all my gold is proof £

    (Except for a funny note thing)
  21. Like
    simon13 got a reaction from Numistacker in Today I Received   


    Got these from Madstacks on the forum here. Super fast and efficient transaction. Very happy. So far all my gold is proof £

    (Except for a funny note thing)
  22. Like
    simon13 got a reaction from Numistacker in Today I Received   


    Got these from Madstacks on the forum here. Super fast and efficient transaction. Very happy. So far all my gold is proof £

    (Except for a funny note thing)
  23. Like
    simon13 got a reaction from Numistacker in Today I Received   


    Got these from Madstacks on the forum here. Super fast and efficient transaction. Very happy. So far all my gold is proof £

    (Except for a funny note thing)
  24. Like
    simon13 got a reaction from Numistacker in Today I Received   


    Got these from Madstacks on the forum here. Super fast and efficient transaction. Very happy. So far all my gold is proof £

    (Except for a funny note thing)
  25. Like
    simon13 got a reaction from Numistacker in Today I Received   


    Got these from Madstacks on the forum here. Super fast and efficient transaction. Very happy. So far all my gold is proof £

    (Except for a funny note thing)