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silverbeaker

Silver Premium Member
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Reputation Activity

  1. Thanks
    silverbeaker reacted to JCRJM in Sold all my gold, got stung   
    I think you done the correct thing because you were invested in something you didnt understand. 
    Selling a long term investment on current thinking doesnt make sense to me. If you can be swayed with current world situations it was never a long term investment i dont think.
  2. Thanks
    silverbeaker got a reaction from Seasider in GOLD PENSION PLANS AND 1OZ COIN PER YEAR   
    I see, hadn’t made that connection, do apologise.
    but yes i think we do agree
  3. Like
    silverbeaker got a reaction from h103efa in GOLD PENSION PLANS AND 1OZ COIN PER YEAR   
    @ludo correct me if I am wrong but @Seasider I think you missed the point of the original post.
    I don’t think this is about actually putting your gold in to a pension, but, as is the case with myself, saving in gold too to add to my savings portfolio come retirement. 
    My plan personally is to save as much as I reasonably can with my pension, I am lucky that my employer will match up to 12% so it is a no brainier really. As well as this save with an ISA, keep a pot of cash in case of emergencies in a generic savings account and also vary the portfolio with a sovereign every month or so, the reason being is that it is a very liquid asset and over time I hope (and believe) it will hold its value better than cash in a standard account. 
    The gold for me isn’t an investment as such and it certainly isn’t a get rich quick scheme, it is a rainy day fund that one day might help to buy cars, fridge freezers, a carpet etc. 
  4. Like
    silverbeaker reacted to BackyardBullion in Gold Bubble ?   
    Here is an example using this website: https://www.measuringworth.com
    @scubajunky @MrGeorge
    in 1980 1 oz of gold bought for £250
    £250 in 1980 had a buying power between £859 - £1960 (depending on how you measure it).
    But the simple calculator number says just over £1000
    So if you bought your gold in 1980 on paper you have made £700 profit, but really in buying power terms you have made maybe £100 profit. 
    The longer you hold the better it gets for preservation of wealth. 

  5. Thanks
    silverbeaker got a reaction from BackyardBullion in Buying gold in the UK   
    Sorry to be a buzzkill but i come to this forum to learn about coins, lean on much more experienced members for advice and possibly pick up some gold bargains. I dont come to listen to nonsensical flat earth arguments. Right rant over, please can we get back on topic now.
  6. Haha
    silverbeaker reacted to Shinus73 in Comedy eBay Typo   
    It’s late Saturday evening, why not:
    https://rover.ebay.com/rover/0/0/0?mpre=https%3A%2F%2Fwww.ebay.co.uk%2Fulk%2Fitm%2F183410205534
  7. Thanks
    silverbeaker got a reaction from BackyardBullion in Buying gold in the UK   
    Sorry to be a buzzkill but i come to this forum to learn about coins, lean on much more experienced members for advice and possibly pick up some gold bargains. I dont come to listen to nonsensical flat earth arguments. Right rant over, please can we get back on topic now.
  8. Thanks
    silverbeaker got a reaction from BackyardBullion in Buying gold in the UK   
    Sorry to be a buzzkill but i come to this forum to learn about coins, lean on much more experienced members for advice and possibly pick up some gold bargains. I dont come to listen to nonsensical flat earth arguments. Right rant over, please can we get back on topic now.
  9. Like
    silverbeaker reacted to BackyardBullion in Buying gold in the UK   
    Back on topic.
    It is possible to get gold from Europe at comparable rates. You can get 5 Krugerrands from GS.be right now for £952.41 each (including delivery) which is comparable to other dealers out there. 
    Depending on what the value of currencies are doing at any given time it is possible for it to be cheaper than the UK - I noticed about 3/4 weeks ago it was cheaper to buy the cheapest gold from Europe (only if you bought €5000+ for free shipping though). 
    Food for thought anyway.

  10. Thanks
    silverbeaker got a reaction from BackyardBullion in Buying gold in the UK   
    Sorry to be a buzzkill but i come to this forum to learn about coins, lean on much more experienced members for advice and possibly pick up some gold bargains. I dont come to listen to nonsensical flat earth arguments. Right rant over, please can we get back on topic now.
  11. Thanks
    silverbeaker got a reaction from BackyardBullion in Buying gold in the UK   
    Sorry to be a buzzkill but i come to this forum to learn about coins, lean on much more experienced members for advice and possibly pick up some gold bargains. I dont come to listen to nonsensical flat earth arguments. Right rant over, please can we get back on topic now.
  12. Thanks
    silverbeaker got a reaction from BackyardBullion in Buying gold in the UK   
    Sorry to be a buzzkill but i come to this forum to learn about coins, lean on much more experienced members for advice and possibly pick up some gold bargains. I dont come to listen to nonsensical flat earth arguments. Right rant over, please can we get back on topic now.
  13. Thanks
    silverbeaker got a reaction from BackyardBullion in Buying gold in the UK   
    Sorry to be a buzzkill but i come to this forum to learn about coins, lean on much more experienced members for advice and possibly pick up some gold bargains. I dont come to listen to nonsensical flat earth arguments. Right rant over, please can we get back on topic now.
  14. Like
    silverbeaker got a reaction from Spanishsilver in Queens sapphire jubilee gold coin   
    I saw the adverts for this and it seemed a bit pricey, i have to say though, i quite like it.
    I’ll be interested to see if it maintains its premium. Any thoughts from the other silver forum members on this? 
  15. Like
    silverbeaker got a reaction from Sherabnamdhak in Something Old something New something Gold   
    And me, @Numistackerhas a lot to answer for!!!
  16. Like
    silverbeaker reacted to Goldhooked in 1g gold bars   
    The premiums on them do seem very high from what I've seen.  I guess it makes them highly collectable while they still carry the premium.  The only risk is of them going out of favour at some point in the future and the premiums evaporating.  That is a risk for any coin that carries a high premium, which is why I personally prefer to stack items that are as close to spot as possible.
  17. Thanks
    silverbeaker got a reaction from Sherabnamdhak in Something Old something New something Gold   
    Wow!! Congrats on a great pickup, can only afford bullion sovereigns at the mo but maybe one day
  18. Like
    silverbeaker got a reaction from GrahamDiamond in BNT - Do not use - Bunch of cowboys - Please read   
    Thank you for this, it will at the very least help other people avoid this company. 
  19. Like
    silverbeaker got a reaction from GrahamDiamond in BNT - Do not use - Bunch of cowboys - Please read   
    Thank you for this, it will at the very least help other people avoid this company. 
  20. Sad
    silverbeaker reacted to kimchi in BNT - Do not use - Bunch of cowboys - Please read   
    They are not complete scam artists - they do send genuine coins. It has been a long story since my 'purchase' in May but I have been let down and very disappointed at pretty much every step of the way. One customer service guy seemed great, but on Wednesday I was assured they would not send coins or charge me before I was happy in advance they would be good coins. Now just one day later they have totally ****ed up my bank account.
    I was going to post the 'long story' about my dealings with them, but it's just gone on and on since May, so I thought I would post at the end, when everything was resolved. However it's culminated today with them charging me twice for coins I told them clearly I would not accept or even want sent to me, without prior contact to assure me they were good quality. Thanks to them not doing that (and taking further unauthorised payments) I am now locked off from even getting a tenner out an ATM this weekend, and looking at unauthorised overdraft charges due to them charging me twice for coins I never agreed to.
    Could be much worse, there is food in the fridge so I won't go hungry, but the worst experience I've had buying coins, and it's meant I couldn't pay a fellow member here £13 that was due for postage yet (apologies and many thanks for your understanding).
    Shocking
     
  21. Like
    silverbeaker reacted to DonkeyKong in Sovereigns or other gold.....   
    Yes its down to you to report your profits, normally end of year self Assessment. But as above you might not remember what you paid, especially if it was 10/20yrs ago. Remember you can also record a loss against CGT, say if all bought a coin/bar that turned out to be fake.
     
    HH, 
    I am not disagreeing with you, far from it, I am merely pointing out that CGT tax "can" be lower, alot of people assume it is a straight 40% tax on everything and would rightly be worried about it, 10% is alot easier to swallow if needs be.

    Thanks
    DK
  22. Thanks
    silverbeaker reacted to Martlet in Sovereigns or other gold.....   
    You are supposed to declare, tracking purchases and disposals over time to give a reasonable account of transactions.  If you ever buy from an established dealer, they keep your information for KYC/AML purposes - not sure if anywhere will sell or buy over the counter without ID.   Same rules if its gold, shares, land or artwork. 
  23. Like
    silverbeaker got a reaction from JohnA in Joe Rogan talks to Peter Schiff - Bitcoin WILL Fail?   
    If i am completely honest bitcoin confuses me and for that reason i haven't invested. I can't quite get my head around investing in a made up digital currency with no intrinsic value, it had essentially nothing to back it up! 
    All it would take is one big data breach or massive hacker attack and any value would be wiped out overnight. 
  24. Like
    silverbeaker reacted to sovereignsteve in New to buying gold   
    Just do exactly as @mr-dead does and you'll be fine
  25. Thanks
    silverbeaker reacted to mr-dead in New to buying gold   
    Bullion sovereigns are about as close to spot as you will get while at the same time ticking all boxes of being fractional (so easy to sell a small quantity of gold), CGT+VAT free, highly liquid, internationally recognised.