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Posts posted by AuricGoldfinger
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8 hours ago, TheShinyStuff said:
Goldminger...
Oi
- Gruff, TheShinyStuff and CaptCaveMan
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1 hour ago, James32 said:
Are you saying get out now?
Not necessarily right now - but only a fool thinks the ATH is the lowest price we will ever see again.
1 hour ago, Sovhead said:And you’ll have cash worth less and less everyday due to inflation and gold still rising and rising if it was me keep holding they’ll only rise and it’s better for your pocket long term.
Who said I’ll be putting the money in cash?
1 hour ago, AOB said:I’ll take all @ £222.. where do I send the money?☺️
He will only be in fiat for a hot minute then back into purchasing the shiny yellow stuff(gold or gold watches..😉)
I will still own a fair bit of gold but makes sense to take some profits and re balance the portfolio
1 hour ago, Sovhead said:I don’t get that either.
Buy Sovs at £222 sell them for £400 and with the money buy more Sovs at £400?
If you never plan to take profit might aswel buy chocolate coins. 80% profit sounds good to me
1 hour ago, Roy said:He hopes to sell his cheaply bought sovs for £400 and buy them back much cheaper! I.e. £222 😊
Correct £222 is dreaming but to think we will never see a sovereign below £400 again after a few days at these dizzying heights would be wrong in my opinion.
When golds doing well people act like it goes up in a perfect straight line. It’s cyclical like everything else. So yes the ATH price is the best day in human history to sell some. Not saying this bull run is over by any stretch i think it’s getting started but i will be cashing some out at some point - hopefully it goes a lot higher before it goes lower
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15 minutes ago, Sovhead said:
I don’t get your thinking.
your sovs can now make you a profit of circa £180 each but you want the price to drop to buy more?
Those sovs will be SOLD soon!
- SovereignBull and AOB
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I bought my first 10 sovs in 2018 for £222 a sov. Hope we see those days again!
- Sovhead, Earthmetal, SovereignBull and 2 others
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Just now, Richard82 said:The prices they were selling them coins at makes the discount we got look like peanuts. They were making over a 1k on some of them. Nothing special, just graded bullion.
I think the shock from everyone is bacause you said 20% below spot which is un heard of - impossible i imagine.
20% below their retail price makes much more sense 👍
- Earthmetal, StackToCollect, MrStacker and 5 others
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14 hours ago, CaptCaveMan said:Have you done the deed to pay off the mortgage then?
14 hours ago, AOB said:Was about to ask the exact same..?
I have not! I have until Nov so gambling on gold being higher - so far so good. I did sell 20 sovs in Jan to pay towards a tax bill and have sold or traded others - i think i am 60 sovs off my peak amount and not sure on 1oz coins.
i have 24oz i have allocated to sell at some point before nov but timing is nerve racking lol. ATH would be nice
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6 hours ago, katyc said:
I firmly believe many small business owners feel the same as me. We may be small but with a typical VAT +Corp tax + employee tax payouts of 100k+ per year (multiplied by millions of business owners) - followed by less jobs available since we are closing down - means the UK is even more doomed. We are (were) the backbone of the economy (around half the jobs I believe).
And to think it was a CONSERVATIVE gov that pushed us out is the most baffling part of it all!
100% this.
Has gold hit £1700 yet
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Nearly £410 for a mixed date sov on atkinsons when £392 spot
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Here we go…starting to rub my grubby little hands together…
- 9x883, StackToCollect and Gruff
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6 hours ago, gji25 said:
Spot price is immaterial.
Agreed. I’ll give you face value instead
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4 hours ago, Earthmetal said:
I'm not convinced by it. When ounce coins reach 3k the fiat will have further devalued to the point that 3k feels like £1.5k currently does. In real terms, no difference.
This.
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53 minutes ago, SovereignBull said:
Good for a stacker with generic bullion sovs but from what ive seen on here most items for sale are special editions or rarities. I hope it wouldnt come to it that that would be an option for these type of Sovs
Yeah i guess thats why i stack the bullion - i agree there is other coins i would 100% not want to sell for spot, but to me It makes sense to have a generic portion of your stack you can sell and replace easily
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On 28/01/2024 at 08:21, AuricGoldfinger said:
This is where somewhere like Atkinsons is good. I don’t trust posting anything so i will drive to their secure unit and sell some sovereigns etc. yes i could get maybe £5 more per sov on the forum but the peace of mind is worth it, not to mention its one transaction not several. Plus proof of sale if it’s a large amount can come in handy if you need to prove where the funds have come from.
I know this is off topic but i just sold 20 sovs to a pawn shop i deal with on occasion.
Very simple easy transaction in person, got paid bang on spot which i cant argue with and the money was in my account before i left the building.
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Gold Monitoring Thread £ GBP only
in Gold
Posted
I’ve noticed atkinsons are buying under spot. Not long ago they were offering 1% over spot - i know cause i sold some!
i guess they need to buy below spot due to the premiums being low at the moment. I think they will have a lot of stock from people taking profits.
premiums are an interesting thing to keep an eye on as it’s suprising how much of a difference there can be during different periods