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KDave

Premium Member
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Reputation Activity

  1. Like
    KDave got a reaction from Agpanda in Today I bought.....   
    1 oz gold Griffin from chards, took a long time to save the wedge for it. Feels good. 
  2. Like
    KDave reacted to mr-dead in Today I received.....   
    A bit of gold porn, the bars are starting to arrive (from Canada).
    Due to shipping insurance limits they ship each bar individually and 2 packages at a time.
    I have another 2 bars due for delivery tomorrow then another 4 bars to come soon.
    Would be cool if I end up with 9 different mints
    Also got a peli case so when all the bars arrive I can pop out the foam squares to fit the bars correctly.
     

  3. Like
    KDave got a reaction from Agpanda in Today I bought.....   
    1 oz gold Griffin from chards, took a long time to save the wedge for it. Feels good. 
  4. Like
    KDave reacted to MrGeorge in Today I received.....   
    Top 3 britannias are the ones that arrived today, came in pouches instead of the capsules 🙁 But well on the road now to hitting my fist milestone of 10 oz

  5. Like
    KDave reacted to augur in Today I bought.....   
    2007 platinum proof (1/4 oz)
  6. Like
    KDave got a reaction from Agpanda in Today I bought.....   
    1 oz gold Griffin from chards, took a long time to save the wedge for it. Feels good. 
  7. Like
    KDave got a reaction from Agpanda in Today I bought.....   
    1 oz gold Griffin from chards, took a long time to save the wedge for it. Feels good. 
  8. Like
    KDave got a reaction from Agpanda in Today I bought.....   
    1 oz gold Griffin from chards, took a long time to save the wedge for it. Feels good. 
  9. Like
    KDave reacted to Lindeman in Today I bought.....   
    Finally -- a 2017 1/4 ounce gold Libertad proof. Yes - it's the same design for years in a row. Yes, they are overpriced.
    But they are beautiful and I need one...
    Finally -- a 2017 1/4 ounce gold Libertad proof. Yes - it's the same design for years in a row. Yes, they are overpriced.
    But they are beautiful and I need one...
  10. Like
    KDave got a reaction from Madstacks in Paying off the mortgage, one brick at a time   
    Nice work Vand, it won't be long until all of your income is yours to spend, I trust it will be used to buy even more precious metals?  
    I have a very similar plan but I am at the beginning rather than the end. I have just bought a house and paid the first mortgage payment this month, 25 year loan. I have set up an overpayment to knock 5 years off the term minimum and will be paying off more where I can, with a push to pay off as much as possible from the capital within the fixed 5 year term so as to save interest and just in case rates rise.
    I chose 25 years mortgage vs a shorter term as it gives the additional security if times become hard or if interest rates rocket up as my voluntary overpayment will act as a buffer somewhat, rather than having to make that payment as a minimum each month. Effectively I see the current mortgage as a 20 year term maximum, hopefully less, unless life determines otherwise. I am using 0% interest credit card over 2 and a half years to fund renovations rather than selling assets or using savings, but I have approximately 3 times as much in savings to cover the amount I am borrowing on credit. I am very cautious and always like to have a plan or some insurance in place for worst case scenario.
    To pay off the credit card, I am just paying the minimum off each month and I have set up monthly savings that will accumulate to cover the remaining balance, while generating some interest. The plan is that the saved capital will be used to pay off the card at the end of the interest free term in 2 and a half years, and the tiny amount of interest generated will be used to chip away at the mortgage capital 
  11. Like
    KDave got a reaction from HawkHybrid in What would you do in my situation?   
    Keep receipts so you can prove you bought the coins. I have just bought a house funded in part by gold sales and had to prove where the cash came from for money laundering purposes, so I was told. 
  12. Like
    KDave got a reaction from HawkHybrid in What would you do in my situation?   
    Keep receipts so you can prove you bought the coins. I have just bought a house funded in part by gold sales and had to prove where the cash came from for money laundering purposes, so I was told. 
  13. Like
    KDave reacted to Pipers in This forum is as tight as a fishes booty - Discuss   
    IMO, the sellers miss out big time on the forum because of the 3 day rule! The 3 day rule makes no sense for a free market, it only makes sense for a Cabal of whom are looking after their own interests as buyers.  As sellers this same group loss out on a lot of sales and the price they could achieve because of the same rules.  Other forums use different rules to secure  members identity eg time and activity on the forum.  
    I have been in and around Gold (not so much silver) to know most releases will not be worth anything much above the spot price in 15- 20 years.  The amount of releases have increased dramatically from the mints even though the coin mint numbers may have been reduced.  This tells me their is around the same amount of collectors or maybe less.
    Pumping is a big part of a sellers tactic,  yes the 2017 sovereign maybe going for over £700 but how many hands hold the Sovereigns and how many people want those Sovereigns?  If there are 20 members that hold 3 that means that at least 40 2017 Sovereigns will come onto the market at some point i can wait a long time! There are plenty of other coins to collect.
    The Premium/Gold members already pay per month,  Ebay you pay when you sell at 13-15%  or at Auction 20%-25% or to dealer. I have sold at Auction at 20% and have sold for more than i could have got from Ebay or off the Silver Forum it just depends what you are selling!!
    The buyer must beware and not get over excited before buying too much, I have bought some very good buys from the Silver Forum, though IMO some sell a lot that I would never buy as I would never be interested in.  Also some get emotionally hurt when others do not share their valuation of their coins/ bars  (usually the more inexperienced), valuation of coins can differ between experts never mined keen collectors.  
    Slabbed coins, I do not own one slabbed coin!!!!  
           
     
        
  14. Thanks
    KDave reacted to BackyardBullion in 100g Silver Forum Bars Reservations - NOW OPEN   
    You sure can, #22 is yours!
  15. Like
    KDave got a reaction from Jay2 in This forum is as tight as a fishes booty - Discuss   
    I am completely skint of discretionary spend at the moment, the dry powder I do have is reserved for the next queens beast and the lunar releases later in the year. That is the main reason I am not buying. Why are others not buying?
    The issue I see with trying to sell new or newish releases here is that forum members will generally know, or at least can hazard a guess at roughly how much the forum seller paid for the item. Perhaps this makes buying difficult, personally if I paid a few hundred £ more than issue for a coin that had been around 3 months I would feel done. Perhaps others feel the same way. The majority of buyers on mania bay perhaps don't feel done by such prices and neither do people who buy from price gouging dealers with 20 coins in stock but only 1 listed at a time, priced to demand. A good price is somewhere between issue price and those other markets going prices, probably more towards issue price. If its for the collection and one missed the release then you pay the going rate, but the majority here are not missing the releases, they are stock piling them, buying 2 or 3 and fair play. Thanks to this forum and the heads up we get from members about releases, I am up to date on the releases I want.
    Regarding bullion sales perhaps its the higher spot prices putting people off? 
  16. Like
    KDave reacted to vand in Goal - Financial Independence In Ten Years   
     
  17. Like
    KDave got a reaction from Jay2 in This forum is as tight as a fishes booty - Discuss   
    I am completely skint of discretionary spend at the moment, the dry powder I do have is reserved for the next queens beast and the lunar releases later in the year. That is the main reason I am not buying. Why are others not buying?
    The issue I see with trying to sell new or newish releases here is that forum members will generally know, or at least can hazard a guess at roughly how much the forum seller paid for the item. Perhaps this makes buying difficult, personally if I paid a few hundred £ more than issue for a coin that had been around 3 months I would feel done. Perhaps others feel the same way. The majority of buyers on mania bay perhaps don't feel done by such prices and neither do people who buy from price gouging dealers with 20 coins in stock but only 1 listed at a time, priced to demand. A good price is somewhere between issue price and those other markets going prices, probably more towards issue price. If its for the collection and one missed the release then you pay the going rate, but the majority here are not missing the releases, they are stock piling them, buying 2 or 3 and fair play. Thanks to this forum and the heads up we get from members about releases, I am up to date on the releases I want.
    Regarding bullion sales perhaps its the higher spot prices putting people off? 
  18. Like
    KDave got a reaction from Jay2 in This forum is as tight as a fishes booty - Discuss   
    I am completely skint of discretionary spend at the moment, the dry powder I do have is reserved for the next queens beast and the lunar releases later in the year. That is the main reason I am not buying. Why are others not buying?
    The issue I see with trying to sell new or newish releases here is that forum members will generally know, or at least can hazard a guess at roughly how much the forum seller paid for the item. Perhaps this makes buying difficult, personally if I paid a few hundred £ more than issue for a coin that had been around 3 months I would feel done. Perhaps others feel the same way. The majority of buyers on mania bay perhaps don't feel done by such prices and neither do people who buy from price gouging dealers with 20 coins in stock but only 1 listed at a time, priced to demand. A good price is somewhere between issue price and those other markets going prices, probably more towards issue price. If its for the collection and one missed the release then you pay the going rate, but the majority here are not missing the releases, they are stock piling them, buying 2 or 3 and fair play. Thanks to this forum and the heads up we get from members about releases, I am up to date on the releases I want.
    Regarding bullion sales perhaps its the higher spot prices putting people off? 
  19. Like
    KDave got a reaction from Scuzzle in Bitgild   
    I used them to get my value back out of the Internets as coinbase will not verify my bank to let me withdraw funds. Bitgild are decent enough, if you have bitcoin on your mobile wallet ready it's painless to transact using the scanner thingy. I received the coins after a week or so. Trustworthy. 
    The transaction reminded me of buying in euros via a currency exchange, same thing really, took about as long to confirm payment, then about as long to receive coins. 
  20. Like
    KDave got a reaction from tbone in PM collecting = Baseball card collecting???   
    Agree that collecting numismatic coins is akin to collecting baseball cards far more than it is to stacking silver and gold. The only difference is that the spot price of the material is the floor to the investment, which depending upon how much the coin cost, could indicate a healthy speculation or a massive gamble.
     I have always been uncomfortable with numismatics as an investment due to how fickle collecting markets are in every other human interest. The fact the medium is gold or silver appears to confuse people, myself included, as to what they are actually investing their money into and what long and short term risk they are exposing themselves to. I keep such exposure to a minimum. 
    Good thread 
     
  21. Like
    KDave reacted to BackyardBullion in 100g Hallmarked Silver Forum Bars - Update   
    Hi everyone - starting a new thread to get the message out wider!
    I have been busy over the last few weeks making some of the 100g Silver forum bars!
    I am very proud to announce that we have a completed "Prototype" bar and production is coming along nicely!

    As you can see we have kept the design true to the original 1 oz bars, but just scaled it up! Everything is hand poured and hand stamped! They will be hallmarked by the Edinburgh Assay Office - as you can see underneath the "2017" this time so as to make a feature of the hallmark. 
    PLEASE NOTE WE ARE NOT TAKING RESERVATIONS FOR BARS OR SERIAL NUMBERS AT THIS TIME PLEASE READ THE FOLLOWING FOR MORE INFORMATION!
    The following contains all the important facts that you need to know!
    Total Mintage: 150 (there will not be any further 100g bars minted this year). 
    Delivery date: First week of October 2017
    Prices: Based on membership as follows*
    Standard member £83
    Premium member £75
    Premium gold member £67
    * We feel that these prices are fair for these particular bars based on their quality and the fact they are hallmarked. The whole point of this exercise is to support the forum and promote the benefits of premium level membership. Some of the proceeds from these bars will be used to maintain the forum and ultimately help keep this forum running and keep premium member fees down. 
    Postage: +£3 - However free postage will be offered if you purchase more than one bar. International postage will be more - if you would like an accurate quote please get in touch. 
    Maximum order per person: 5 bars (initially)
    Serial Number Reservation date: Sunday 3rd September 2017 @ 6pm UK time
    We have been thinking about the best way to satisfy everybody who might want a bar for the first time and also members who have previously bought the 1 oz bars and want to match their 100g bars to an existing serial number. But sadly we cannot come up with a way to satisfy everybody. 
    Therefore we feel the best thing to do is to level the playing field for everyone involved and offer a fair chance for everyone to reserve their desired serial numbers on a first come first served basis. To that end I will be releasing a thread on Sunday 3rd September 2017 @ 6pm UK time in which you will be able to reserve your desired serial number(s) on a first come first served basis. We know that this might not seem ideal to some people but we want to be as open and fair as possible to everybody who might want to purchase a bar. 
    I will be communicating more information on this over the coming weeks but if you have any concerns or questions about this please let me know by commenting here or by PM. 
    Payment will be required before the end of September to secure your bars and serial numbers. 
    Serial numbers 1, 2 & 150 are not for general sale. 1 & 2 are reserved for @ChrisSIlver and myself respectively. #150 will be raffled off to the lucky individual who wants to own (and pay ) for the last number in the mintage. 
    @ChrisSIlver and I hope that you really like this design as we have worked hard on them over the last few weeks/months. 
    More information will follow in due course - but in the mean time if you have any feedback or comments please leave them here or PM me!
  22. Like
    KDave reacted to Jester in Today I received.....   
    One of the coins I've been coveting since I began collecting.  Thanks to @metalslug I can cross it off my want list.  Thanks so much my friend.  Great price, stellar packaging.

     
  23. Like
    KDave reacted to Jimmock in Today I received.....   
    Received my prize draw prize today. Thanks again.
  24. Like
    KDave reacted to vand in Paying off the mortgage, one brick at a time   
    The long term plan is progressing very nicely indeed.
    Since writing this last year we've knocked off another 15% from the outstanding value of the mortgage.
    Additionally I've now fully paid off my (0%) credit card, so going forward we'll that bit more cash positive.
    We are still in the discounted period of our fixed rate, so there is no point in overpaying it more than 10%pa as they will charge us, so we pay as much as makes sense and then stockpile the rest of cash (of course some of it also goes into PMs). The discount rate ends on Sept 30th 2018 and then on 1st Oct I'm planning to make a single huge overpayment that will then bring the outstanding amount down to the size of a car loan.  All in all, I'm hoping to have the whole thing paid off within a year after that.
    Looking forward to the day we make that final payment.. I don't think it's too far off now!
  25. Like
    KDave got a reaction from Gav in Is peak oil a myth?   
    Oil is a finite resource so logically, peak oil is an inevitability. My opinion from discussion new and old was to agree with the consensus that conventional oil discoveries peaked long ago and production from conventional sources is on the decline. Oil is an excellent example of 'high prices are the cure to high prices', in that non conventional supplies from shale have flooded supply and saved us all 
    Shale wells do not last long in comparison to conventional fields, but there are vast reserves around the world that are available, so 'peak oil' from total production still technically could be a long way off. Politically shale is very undesirable so the reality may be that peak production of oil may not be far away. The untapped reserves may stay that way for a long time, at least until prices rise to the point that the balance is tipped again towards increasing production. I am betting on it.  
    While I was away last year I remember reading about a news article regarding the largest conventional oil discovery in 30 years, found in Alaska. It was very exciting, references low oil prices due to over supply, and gave the figure or 1.2 billion barrels of oil estimated, which all sounded impressive. Considering that the world consumes tens of billions of barrels every year, this discovery when put in perspective, equated to 12 days worth of global consumption. And this was the biggest discovery in 30 years.