Buying gold and silver as an investment and/or to wear

[Drago]

Impressive if it is. 😂

Remember George from Rainbow? It's his winky.

 

[Mike Ayling]

Are you Mr T ?

Or do you sell real estate?

 

[DRM]

Remember George from Rainbow? It's his winky.

Oooh that’s a big one Geoffrey said Zippy, the font of all wisdom

 

[stephec]

Remember George from Rainbow? It's his winky.

You mean his twanger. 😂

 

[Drago]

You mean his twanger. 😂

View: https://m.youtube.com/watch?v=CgbcQIT7BMc&pp=ygUMUmFpbmJvdyBydWRl

 

[Nibor]

No, from a bloke who has one of those scruffy shops that sells old war medals, stuffed animals, old bank notes etc. He's the cheapest I know by far around here. He sells gold items for not much more that scrap prices. My goldsmith friend says he doesn't know how he does it, but when I take bought off him items to be checked by my friend they are always the genuine item they are sold as.

Maybe he is a fence

 

[Nibor]

I am waiting to find Accy collapsed under the weight of his jewellry and I will have the opportunity to save him lol.

 

[Accy cyclist]

Maybe he is a fence

I was in that shop yesterday when a nervy dodgy type pressed the security buzzer, wanting to be let in. The owner asked through the intercom what he wanted. He said he had something to sell, so the owner let him in. I was kind of hoping he'd have some silver candlesticks and other valuables from a mansion robbery, but sadly it was only mere Toby Jugs he'd er, 'been left to him by his grandma'.🤔

 

[HMS_Dave]

He said he had something to sell, so the owner let him in.

it was only mere Toby Jugs he'd er, 'been left to him by his grandma'.

At least it wasn't a sawn-off and a demand for all the rare valuables.

 

[Accy cyclist]

At least it wasn't a sawn-off and a demand for all the rare valuables.

He did look dodgy due to his pacing up and down till he was let in. He also, besides the jugs had a nice USA flag he offered to the shop's owner for £50, which the owner declined. It was sewn not printed and was about 6 foot by 4 foot, but it only had 49 stars, not 50 he told me, probably due to it being made before Hawaii became the 50th state he said. Mmm, that was in 1959, so no way was that flag 65 at least years old!

 

[HMS_Dave]

He did look dodgy due to his pacing up and down till he was let in. He also besides the jugs had a nice USA flag he offered to the shop's owner for £50, which the owner declined. It was sewn not printed and was about 6 foot by 4 foot, but it only had 49 stars, not 50 he told me, probably due to it being made before Hawaii became the 50th state he said. Mmm, that was in 1959, so no way was that flag 65 at least years old!

Its a pretty bizarre thing to pull out somewhere near Accrington. He probably skillfully made it himself but miscounted and while trying to get his story straight pacing outside, he seized upon his dastardly plan to fool the shop owner by turning his poor mathematical skill, into some sort of win...

I haven't yet figured out a story how one might want to make a high quality US flag in England in the first place. There are a number of possibilities of course... Selling them for target practice maybe?

 

[stephec]

He probably saw a Raffles gentleman thief type person going in a few minutes earlier and thought, 'yep this is the place for me.'

 

[BigSid]

I've been buying sovereigns and Britannias for a few years. My average buy price is £1269/Ozt and the current price is £1927/Ozt. I've bought from dealers like Chards and privately from The Silver Forum. There is no VAT when buying (because Sov's and Brit's are legal tender you're actually swapping money for money) and no Capital Gains Tax when selling. I also have some decorative / commemorative silver items because I liked the look of them. Silver not a very good investment, even plain cast bars, as VAT is charged and then a dealer markup added. 1Kg silver bar £730 spot price, dealer price approx £925. You can buy VAT free silver but it is vaulted and you don't actually take delivery but there's still a dealer markup. I plan on keeping my PM's as an emergency fund for if I need a big outlay. If I took a largish lump sum out of my pension for say, a new roof, it might put me into a higher rate tax bracket. Selling some gold would be tax free. I'd recommend buying PM's as part of a balanced portfolio. (The recommendation is usually 5%-15%). Also if the government decides on confiscation compulsory buyback as the US did in 1933, I could lose it all in a tragic boating accident.

 

[tyred]

Or do you sell real estate?

No, he sells Cortina estates.

 

[Drago]

I've been buying sovereigns and Britannias for a few years. My average buy price is £1269/Ozt and the current price is £1927/Ozt. I've bought from dealers like Chards and privately from The Silver Forum. There is no VAT when buying (because Sov's and Brit's are legal tender you're actually swapping money for money) and no Capital Gains Tax when selling. I also have some decorative / commemorative silver items because I liked the look of them. Silver not a very good investment, even plain cast bars, as VAT is charged and then a dealer markup added. 1Kg silver bar £730 spot price, dealer price approx £925. You can buy VAT free silver but it is vaulted and you don't actually take delivery but there's still a dealer markup. I plan on keeping my PM's as an emergency fund for if I need a big outlay. If I took a largish lump sum out of my pension for say, a new roof, it might put me into a higher rate tax bracket. Selling some gold would be tax free. I'd recommend buying PM's as part of a balanced portfolio. (The recommendation is usually 5%-15%). Also if the government decides on confiscation compulsory buyback as the US did in 1933, I could lose it all in a tragic boating accident.

I wouldn't say Accymis old, but he made a lot of money BIDT trading Groats and Sesterces.