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Reputation Activity
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FoolzGold got a reaction from JohnA1 in Sold all my gold, got stung
Always feels like it's worth reviving this thread when gold climbs to a new high.
As a reminder :
April 2017 - guy joined forum and asked for advice on which coins to buy. Following the excellent advice of the users here he bought:
3 x Britannia (2016, 2017)
1 x Queen's Beasts Lion
2 x Queen's Beasts Dragon
2 x Queen's Beasts Griffin
November 2018 - without asking anyone's advice he panicked and sold them at melt price (maybe £930/oz) to Atkinsons, who turned around and sold them on their site for £1300+ each.
Value today? Spot price around £1250/oz, roughly 35% above the spot price at the time he panicked. Resale value of those QBs? Probably at least 30% higher still. I'd say he'd have been looking at maybe 75% more today on those QB's than he sold them for 9 months ago.
Quote: "I'm just glad I got out of it before I lost even more."
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FoolzGold got a reaction from JohnA1 in Sold all my gold, got stung
Dear Classic Car forum,
20 months ago I bought a nice vintage Jaguar based on the advice I got on this forum.
This morning when I woke up I saw a headline in the paper that said, "Vintage Car Market Down 5% (but Jaguars up strongly)" so what with Brexit and everything, I jumped in my motor and raced to the nearest scrap metal merchant to sell the car.
The proprietor said to me, "Mate, are you sure you want to sell this for scrap? You know I'm only going to take it to a vintage car auction and sell it for a fortune, right?"
To which I replied, "My good man, I have no time for your questions and advice! Brexit, man! Brexit!"
So he gave me 50 quid and I'm glad I got out of this terrible classic car market when I did. I may buy again, but only if the price of all vintage cars falls by 50%.
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FoolzGold got a reaction from HonestMoneyGoldSilver in Sold all my gold, got stung
Always feels like it's worth reviving this thread when gold climbs to a new high.
As a reminder :
April 2017 - guy joined forum and asked for advice on which coins to buy. Following the excellent advice of the users here he bought:
3 x Britannia (2016, 2017)
1 x Queen's Beasts Lion
2 x Queen's Beasts Dragon
2 x Queen's Beasts Griffin
November 2018 - without asking anyone's advice he panicked and sold them at melt price (maybe £930/oz) to Atkinsons, who turned around and sold them on their site for £1300+ each.
Value today? Spot price around £1250/oz, roughly 35% above the spot price at the time he panicked. Resale value of those QBs? Probably at least 30% higher still. I'd say he'd have been looking at maybe 75% more today on those QB's than he sold them for 9 months ago.
Quote: "I'm just glad I got out of it before I lost even more."
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FoolzGold got a reaction from HonestMoneyGoldSilver in Sold all my gold, got stung
Dear Classic Car forum,
20 months ago I bought a nice vintage Jaguar based on the advice I got on this forum.
This morning when I woke up I saw a headline in the paper that said, "Vintage Car Market Down 5% (but Jaguars up strongly)" so what with Brexit and everything, I jumped in my motor and raced to the nearest scrap metal merchant to sell the car.
The proprietor said to me, "Mate, are you sure you want to sell this for scrap? You know I'm only going to take it to a vintage car auction and sell it for a fortune, right?"
To which I replied, "My good man, I have no time for your questions and advice! Brexit, man! Brexit!"
So he gave me 50 quid and I'm glad I got out of this terrible classic car market when I did. I may buy again, but only if the price of all vintage cars falls by 50%.
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FoolzGold got a reaction from HonestMoneyGoldSilver in Sold all my gold, got stung
Only just seen this thread...
So back in April 2017 @Glorfindel came asking for advice on what gold bullion coins to buy, was offered great advice as far as I can see, and bought some great long term investment coins.
I note that @Lea79 made the specific note that the best coins to buy depended on "what your exit strategy is", noting that if you intend to sell to a dealer you should buy the cheapest coins. Seems that this advice was ignored... but I digress.
Anyway, since the purchases were made around about 14 April 2017 the gold spot price has dropped from around £1026 to £968 or so on Friday, a fall of around 5.65%.
However, the value of those Queen's Beasts coins that were recommended buys has gone up dramatically in the meantime.
A Griffin bought back then probably cost 5.5% over spot, so around £1,082. Today the same coin is sold by dealers at 50+% over spot. A link earlier in the thread showed one well-known dealer in Germany offering 29% over spot to buy Griffins. That's £1249 for a coin he probably paid £1082 for - a 15% gain in gain in 20 months. 💰
There's a lot to be learned from this experience but the takeaway should be you sought advice before buying, were given good advice, made a good investment, were making a healthy profit overall from your investment, then panicked and - without seeking advice about selling - sold it in the wrong way, turning a guaranteed profit into a loss.
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FoolzGold got a reaction from DeepSpace in Sold all my gold, got stung
Dear Classic Car forum,
20 months ago I bought a nice vintage Jaguar based on the advice I got on this forum.
This morning when I woke up I saw a headline in the paper that said, "Vintage Car Market Down 5% (but Jaguars up strongly)" so what with Brexit and everything, I jumped in my motor and raced to the nearest scrap metal merchant to sell the car.
The proprietor said to me, "Mate, are you sure you want to sell this for scrap? You know I'm only going to take it to a vintage car auction and sell it for a fortune, right?"
To which I replied, "My good man, I have no time for your questions and advice! Brexit, man! Brexit!"
So he gave me 50 quid and I'm glad I got out of this terrible classic car market when I did. I may buy again, but only if the price of all vintage cars falls by 50%.
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FoolzGold got a reaction from Steve007 in Queen’s Beast Unicorn of Scotland
GSBe has them at around 90% over spot. Griffins are listed at 3x spot though, so you should count yourself lucky that you don't need those.
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FoolzGold got a reaction from AppleZippoandMetronome in The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7
For some reason this reminded me of a character in Mario Kart 8...
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FoolzGold got a reaction from kimchi in The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7
For some reason this reminded me of a character in Mario Kart 8...
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FoolzGold got a reaction from fehk2001 in The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7
For some reason this reminded me of a character in Mario Kart 8...
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FoolzGold got a reaction from Spanishsilver in The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7
For some reason this reminded me of a character in Mario Kart 8...
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FoolzGold got a reaction from Magritte in The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7
For some reason this reminded me of a character in Mario Kart 8...
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FoolzGold got a reaction from west6 in The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7
For some reason this reminded me of a character in Mario Kart 8...
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FoolzGold got a reaction from kena in The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7
For some reason this reminded me of a character in Mario Kart 8...
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FoolzGold got a reaction from MrStacker in The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7
For some reason this reminded me of a character in Mario Kart 8...
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FoolzGold got a reaction from dikefalos in The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7
For some reason this reminded me of a character in Mario Kart 8...
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FoolzGold reacted to Nowhereman in Mandalorian Beskar CoinBar
Massive premium on these. Do people realise Its not really Beskar but silver.
If anyone is interested I'm going to cast some unobtainium bars out of some old beer cans next weekend.🤣🍻
That said, I wont pretend I dont want some 👍
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FoolzGold got a reaction from TommyTwoShots in Mandalorian Beskar CoinBar
For 795€ you could buy 2 10oz Queen's Beasts White Horse coins (309 each at GSBe) and have 177€ left over to buy another 5oz or so of bullion silver coins. Will those 25oz of silver be worth more than the 10oz Beskar coin-bar in a couple of years? Who knows?
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FoolzGold got a reaction from kimchi in Mandalorian Beskar CoinBar
For 795€ you could buy 2 10oz Queen's Beasts White Horse coins (309 each at GSBe) and have 177€ left over to buy another 5oz or so of bullion silver coins. Will those 25oz of silver be worth more than the 10oz Beskar coin-bar in a couple of years? Who knows?
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FoolzGold reacted to Belgianstacker in South African Mint - Big 5
@FoolzGold
I know for the platinum versions every coin will be available in bullion.
I send an email when the elephant bullion came out to the south african mint...
But when exactly i dont know
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FoolzGold got a reaction from SilverMike in UK Lunar Bullion - No You Don't
Wow, that's the first time I remember hearing of a major producer abandoning a series of coins altogether. Sales must have been truly abysmal for them to completely give up on them.
I quite liked the horse - a stylized image with a definite Chinese feel to it - and assumed that they would extend that theme to the rest of the series but instead they went with a totally different image style for every single coin.
The sheep was pretty weird, the pot-bellied monkey ugly, the rooster okay-ish, the dog was a crazy cartoon, the pig was horrible, and the rat was the stuff of nightmares. Not so much a series of coins as a series of nightmarish random flashbacks.
That said, in retrospect the crazy cartoon dog is by far my favourite of the 'series'.
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FoolzGold got a reaction from westminstrel in UK Lunar Bullion - No You Don't
Wow, that's the first time I remember hearing of a major producer abandoning a series of coins altogether. Sales must have been truly abysmal for them to completely give up on them.
I quite liked the horse - a stylized image with a definite Chinese feel to it - and assumed that they would extend that theme to the rest of the series but instead they went with a totally different image style for every single coin.
The sheep was pretty weird, the pot-bellied monkey ugly, the rooster okay-ish, the dog was a crazy cartoon, the pig was horrible, and the rat was the stuff of nightmares. Not so much a series of coins as a series of nightmarish random flashbacks.
That said, in retrospect the crazy cartoon dog is by far my favourite of the 'series'.
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FoolzGold reacted to Paul in UK Lunar Bullion - No You Don't
Coin designers have been redeployed to the royal mint returns department to cope with the backlog 🤣🙄