AuricGoldfinger

No, I'm not selling up!
I was an 'accidental' landlord, I was posted abroad and had a property sitting empty so I thought I might as well rent it out.
Because I was only playing at it, amateur at best, and being an overseas landlord, made things tricky. If it's done properly, it's still a lucrative business.
Never rent your house out on a handshake! 
I'm giving it to an elderly relative who is finding things tough in the current environment, so it still remains 'on the books' so to speak.
😊
 

Selling up? I don’t blame you if you’ve had enough!
What tipped you over the edge or is your gold stack worth so much now to hell with property? 

£1600? Dirt cheap!

£1600? Dirt cheap!

*sighs* buys gold at 1622, drops to 1616 FML 

Beep beep ! 

Without wanting to be a downer in this exciting time for many, a few observations...
When doing some early morning shopping on my day of today I heard three builders walking round Tesco's talking about buying gold bullion, when I'm at work I regularly hear a radio ad saying "golds gone galactic" and offering to buy your gold.. When delivering the mail I recently saw a leaflet drop to over 800 houses offering to buy any gold and silver or old watches and medals.. When I was delivering mail at a residential park home two blokes were going door to door trying to buy gold. 
This is precisely what I saw happen back in 2012 before a rather large price reversal of 35% ish over the next two years. 
A lot has happened since 2012, past performance is not indicative of future performance ect - Just an observation. 
 

It's about 16 in total. Target is 20 for the year. 

Shame nobody looking at my current sales thread shares that sentiment

Lots of speculation that CS won’t accept the 1BN offer from UBS and that the Swiss government may have to nationalise CS.  What that means is super unclear for bond holders and shareholders, but my guess is that bond holders may get rinsed.
UBS could be a big winner long term if it picks up the Wealth and Asset management parts of CS which are profitable and spins off the Investment Bank arm of CS (original the First Noston bit)
The only thing trading at the moment in BTC and it is up 2.5pct.

Going to be a great show to watch over the next week or so, especially if you hold gold.  

Very interesting. Although with buy to let it generates a regular cashflow so I'll continue to do it. But PMs will always be my favourite. Way less hassle than tenants!

Still not looking good for CS then 

I am staring to think that money put to good work is the best option.
Anything with a 10%+ return, ideally 300% LOL.
Investing in a recession proof business for example. 
Tangibles and collectibles that accrue value could arguably be better than metals. 
Assuming we dont see a complete global meltdown & hyper inflation over an extended period.
But even then you have barter - we are clever also so should do a lot better as we are also mentally ready. 

Case in point - I sold most my gold yesterday. 
Made next to no profit on it as I bought it in 2020.
Its going to a day trading from next week so will be put to work. 
I can trade miners and paper physical also if necessary.  

There was a young trader from yonder
Who went short but should've gone longer
He found to his cost
How much money he'd lost
How wrong about gold were you Wonger!

Where will it end! Where once a sovereign seemed attractive I'm now eyeing 1/10th Britannias as my next favourite squeeze. Eventually I'll be staring at the jewellery counter in Argos trying to fall in love with their Elizabeth Duke range.  😅 

1633 - that’s it for this week folks.
What a cracker.
It’s worth keeping an eye on the news over the weekend, I suspect more bad news for banks and good news for Gold.

A leaders arrest warrant 🤣
It was already high before this announcement but it won't ease down early next week after this "news break out". Zerohedge apparently saying over 500 billion has been taken out from banks in one week. I'm not surprised nor do I think that's the true value. The wealthy are definitely moving the "big bucks" out.
Massive queue at Bairds and Sharps Pixley today. I gave up lol. I'll order online over the weekend.

Those stacking silver are still waiting.....🤣🤣🤣

It’s noticeable that chatter around gold price suppression has fallen away recently.  

Yes, hence easy to counterfeit.
Nobody looks at USD thread  @Stu 🤣

Sorry, I know it's the GBP thread but I don't carry any.
The item on the left is worth £52.

 
 

When this thread started @Paul was seeing prices in the 830’s.  How times have changed.   

Ok I take it back the working man won't be reducing to a half sovereign it'll be a quarter sovereign at this rate

I bought. Even if it goes down, 1) It will be offset by my previous purchases over the years which are well up. 2) Any downturn is always temporary when it comes to gold.
The high prices stung, but at least I'm in now and got that cowpat fiat out of the system.