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  1. Creating a monthly budget is great roadmap where you could be in the future. I treat putting funds away for PM's (precious metals) and my emergency fund like paying a bill. PM is for the long-term and the emergency fund is cash for short-term fixes. Most of my income goes toward paying others so I really need to make sure some of my hard work goes towards me, family and community. Here's an example of a monthly budget. 10% Goes towards the 'Pay yourself'-fund (5% goes towards PM and 5% goes towards emergency fund) 70% Goes towards all living expenses 20% Goes towards paying off any other debt Is this being frugal and tight ass? Maybe... but from my perspective I think it's an responsible, organised and balanced way of life. Yes, some might argue that one should pay off all debts first but I think it's important to view the emergency fund or purchasing PM like a 'bill'. A bill that you is part of your monthly expense. So, if you don't have any debt then great. Increase the percentage of 'Pay yourself first' from 10% to 30%. I got my inspiration from a tiny little book written by G.S Classon. Go to Chapter 5: The Five Laws of Gold Audiobook is (still) on youtube: 02Hr:02min:35 https://youtu.be/7yIHUXEaFJ0?t=2h2m35s The 'old language' used in this book may not be your cup of tea but there is a wealth of timeless (financial) wisdom in there. Hope this is helpful...
  2. What I've learned over the past years is not to worry about the price fluctuations and focus on the Weight in PM (Precious Metals) that I accumulate/build. The daily price change is really small and not worth your mind to ponder about. (I personally look at long-term prices, to keep myself sane and my head clear of all the noise. I look at the 1-Month, 1-Year and 5-10 year price charts and look at them at end of the Week/Month) I value of me Gold and Silver stash in terms of 'Ounces' and not in any fiat currency value (GBP, USD or BTC what so ever). For example: "Yes, I have now accumulated 100 oz of silver today" and not "Ow waw, my silver is today worth £1,288" Do your research, find a couple trusted sites, sellers and dealers and stick with them. (Don't try to scavenge hunt for sales). Aim to build good relationships. Make sure to have a dedicated budget to ease your mind. Have a set percentage of your income dedicated to spend on PM. For example: 10% of my income goes towards my "Pay Yourself First" bill. Yep I treat paying 'myself' as how I would treat paying a bill. It's a payment or 'reward' for myself and family. Then I split that 10% in two, 5% goes toward PM, the other 5% goes to the emergency fund. Are you crap with percentage? No prob... Just think, for every £10 that I earn, I put away £1 toward myself. The rest goes towards bills, food, and clothing to cover all basic needs. You need housing, food and clothing to have warmth, keep your tummy filled, your mind sane and a happy family. Do you have any debts? Then clear that off ASAP! Ideally before you buy any PM’S! But yeah... Make sure you eat together and spend time with your wife. She is way more precious than any metals! Explain to her why you do it and once you done that, don't talk about it anymore. Yes, do talk to her about PM's every now and then but only if she is interested really… Go hang out with her, she is worth it buddy! Don’t loose her! Unless she is right a pain in the you know what... but you both made a promise to each and she is expressing to you that you need to take care of your business and finances! So get cracking and sort it out! Don't want to sound harsh but you asked for it.. That’s my 50p… Oh yeah…these vid helped me a lot if you haven't seen them yet. (I know... more videos, but BelangP vids has been really helpful for me). Be patient, stick around the forum, and don’t be afraid to ask questions here. All the best! One more thing... Go for gold. It takes less space, has low premium and it's considered number 1 investment/storage of wealth for 1000's of years.
  3. Yep I have used Bitgid when I more than double my investments. the buying process is straight forward and order status regularly updated on the site. Delivery was fast, I believe i ordered on a Tuesday and received the Friday in the same week. Yep. This was process I used and the time limit was 15 minutes, I've placed my order in June this year. @Scuzzle So yes, I think it wouldn't hurt to lock in some gains in PMs
  4. When a company advertise "Investment grade bullion" then it's is mostly 999 bullion or just plain bullion. When you need to sign up or call for prices you most likely will fall in a spam or sales trap... Eh pitch. I think its not worth the effort and time to enquiring for their prices especially in the world of internet today. . Why do folks are always is search of a new dealers instead sticking to well established dealers? yes ok. I know I guess it's good to look out for lower premiums... If you want to know the Harrods prices then why not check out prices on their page however I think Harrods just sold their bank... So I'm not sure what the current deal is. https://bullion.harrodsbank.co.uk/GAWebClient/SalesGA/Product_Listing.xhtml http://www.cityam.com/269842/harrods-bank-sold-digital-challenger-tandem
  5. I also would be cautious with that paper wallet especially bought from eBay! Here is a YouTube vid, I think the same process based on most comment above. Make sure you test out with a small amount first.
  6. Yes. that would be cool and I think we can teach them to become stackers...? If you haven't seen it... BelangP (obviously) has made a good video how he is teaching his kid... but yeah you can only do your best... i guess...
  7. Nice vid I don't have kids (yet)... but I do have an allocated 'one day for the kids' silver stack, which consists of the queen beasts... will also add sov's or 1/4 qb's or krugs later...
  8. Welcome to the forum. You're never to late to buy precious metals. The value of gold/silver is in how many ounces you have at the end of the day and not in the fiat amount (£/$ etc) of the metals. In my opinion, investing should be boring so that I can sleep at night. If I want excitement, I'll either go to a theme park, hop on a rollercoaster or go to the cinema and watch a movie. Here are a couple vid's of my fav youtuber, that could answer your questions.
  9. Ive been trading the XRP/BTC pair when it was on the way up and stopped trading when it peaked. (I still have a view quid on it). But from my point of view it's still in a downward move, so I'm not trading it at the moment. (Thanks for reminding me, I might get them out lol). XRP has a good chance to be adopted by the masses as it's been trailed by Central banks including Bank of England... but that's all still early days... http://www.bankofengland.co.uk/publications/Pages/news/2017/029.aspx So my two cents in short: Long term investment/trading, maybe... At the moment: not yet... as it's still going down..
  10. +1 yep I agree. At the end of the day it's personal preference. You can't go wrong if you buy close to spot. @Gradius Have you considered the Sovereign coin over the Krug? Some Britannia Years have a unique design or have a lower mintage during a specific year. For example the 2014 design is favoured amongst collectors. So the prices can fluctuate based on the numismatic (collector) value not the bullion value. The 2013 version is the "standard" Britannia design. The 2017 celebrates the 20 year anniversary of the Britannia. So the 2017 coin will have some added value for collectors... and you are correct; if you looking at a coin from a bullion perspective then yes, it's only worth spot price ( plus premium).
  11. @PolarPanda Agree. doesn't make sense lol. I just go with the flow on what they release at RM really ...
  12. Got this is from Wikipedia... https://en.wikipedia.org/wiki/The_Queen%27s_Beasts_(coin)
  13. I also think Chris Duane is a pumper and a typical sales hyper, he really wants folks to buy his coins... so he is not really on my radar for that reason. I'm liking these PM price dips. I still think that there are too many factors that keeps the price of the silver price to stay down. (it's not just JPM that keeps it down). I do like the lower price entry for silver but my priorities to get gold at the end of the day (for me, I really don't like the milk spots!), I was aiming to get silver to converting them to gold over time but I'm thinking to get just gold to save the hassle of converting. I personally think silver price will go up toward the $17.00 - 17.50 price range and expect sell orders to be triggered for another dip. (but as always you never know...) Yep also am currently speculating/trading in crypto's but only with small amounts of fiats but am def not selling any of my PMs for trading.
  14. @vand yep I agree.... ETH is still in a clear down ward move from my point of view.... $120 at least (but you never know...lol)
  15. Yep. Same here. The book def changed my views on investing, personal finance and assets and liabilities. Robert also got me into gold and silver through Michael Maloney's book Investing Gold and Silver book. A book to def read, it has a lot very good info, especially the chapters about to pitfills and traps. I'm playing cashlflow board game online a fair bit and been to a couple cashflow game meetups in town, and learned some new idea's to invest through the game.