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Thread: Physical gold ... storage.

  1. #51
    Master
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    My father had a "secret" place - there were all sorts of wonders in there.

    Very little chance of discovery - just think it through.


    B
    Last edited by Brian; 2nd February 2020 at 22:20.

  2. #52
    Master Skyman's Avatar
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    Quote Originally Posted by 1680 View Post
    Not sure what is going on here but can you take it aside and only post on this topic if you have something to contribute.
    Sure, but bottom line is just buy the coins and put them in a sock.

  3. #53
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    Has anybody mentioned fine wine?
    A piece of piss, solid and secure returns.
    Not recession proof, prices dropped in the last recession just like everything,
    but nowhere near the volatility of stocks or precious metals.
    Itís a good asset to have in a balanced portfolio.

    Get to know a reputable dealer, develop a relationship
    with him, just as you would with your local friendly
    Rolex AD, wait for a really good Bordeaux vintage to come along and
    buy first growths such as Lafitte, Latour, Margaux etc.
    store in a bonded warehouse - about £12 per case per annum and
    leave for 10, 20, 30 years
    Bobís your aunties live-in-lover😀😀😀😀

  4. #54
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by Skyman View Post
    Then perhaps you need to diversify, my old oaked friend. You clearly have no interest beyond watching the pennies.
    It's just democracy.

  5. #55
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by 1680 View Post
    Not sure what is going on here but can you take it aside and only post on this topic if you have something to contribute.
    Sorry mate, started off with trying to help but got sidetracked by Bigman. Carry on.
    It's just democracy.

  6. #56
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by klunk View Post
    Has anybody mentioned fine wine?
    A piece of piss, solid and secure returns.
    Not recession proof, prices dropped in the last recession just like everything,
    but nowhere near the volatility of stocks or precious metals.
    Itís a good asset to have in a balanced portfolio.

    Get to know a reputable dealer, develop a relationship
    with him, just as you would with your local friendly
    Rolex AD, wait for a really good Bordeaux vintage to come along and
    buy first growths such as Lafitte, Latour, Margaux etc.
    store in a bonded warehouse - about £12 per case per annum and
    leave for 10, 20, 30 years
    Bobís your aunties live-in-lover
    Sounds like something you would need to know a lot about before trying? You sound pretty clued up about it.
    It's just democracy.

  7. #57
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    Quote Originally Posted by oldoakknives View Post
    Sounds like something you would need to know a lot about before trying? You sound pretty clued up about it.

    I am now, but 20 odd years ago, probably knew as much as the average
    man in the street. It helps if you have a little more than a cursory interest
    in wine, but just like watches, all the info you need is freely available.

  8. #58
    Quote Originally Posted by 1680 View Post
    Interesting. Who do you insure with?
    With Lloyds.

    R
    Ignorance breeds Fear. Fear breeds Hatred. Hatred breeds Ignorance. Break the chain.

  9. #59
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    Did a show for a client, popped in to use the loo and bar was in the bathroom, better than some poi pourri.

    Sent from my VOG-L29 using Tapatalk

  10. #60
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    If you're set on precious metals, and you fancy something different, you could always commission a goldsmith to make you something beautiful you can admire, such as a bowl or a vase. We have many exceptional goldsmiths in this country who make outstanding work in gold and silver. Rod Kelly, Angus McFadyen and Michael Lloyd are a few who come to mind. Rod Kelly in particular has an entire section on his website showing the gold objects he has created over his career. One advantage of this route is that unless you blab about your gold fruit bowl to all and sundry, it'll just look like an ordinary household object. There's also a pretty good chance you could end up with something worth significantly more than the bullion value alone.

  11. #61
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    Quote Originally Posted by Brian View Post
    My father had a "secret" place - there were all sorts of wonders in there.

    Very little chance of discovery - just think it through.


    B
    Just stashing a substantial amount of gold in your home seems very risky ...

  12. #62
    Master TKH's Avatar
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    Gold coins 'currency' seems a reasonable way to get into Gold....Royal Mint sell them and store them should you wish they are as i understand exempt from CGT & VAT for private UK individuals as they are legal tender....and if you wish to sell they will oblige....
    https://articles.royalmintbullion.co...ent-service-2/

  13. #63
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    Quote Originally Posted by oldoakknives View Post
    Why?

    It's just another way of storing money, 100k with the opportunity of winning a large amount. Hardly dull when you get a nice little amount very month. Which we do. Dull is sensible investments which finance regular income.
    Yep, we did a little over 7% last year with no risk, more exciting checking if thereís a win than monthly statements from our other investments.

  14. #64
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    Quote Originally Posted by Pitfitter View Post
    Yep, we did a little over 7% last year with no risk, more exciting checking if thereís a win than monthly statements from our other investments.
    7%. You sir have been very lucky.

  15. #65
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    Quote Originally Posted by Montello View Post
    7%. You sir have been very lucky.
    I had massive returns from PB last year, the 1 premium bond I own returned a £500 win.
    Cheers,

    Ben



    ..... for I have become the Jedi of flippers


    " an extravagance is anything you buy that is of no earthly use to your wife "

  16. #66
    Behind a skirting board?

  17. #67
    Quote Originally Posted by ben4watches View Post
    I had massive returns from PB last year, the 1 premium bond I own returned a £500 win.
    lucky , i was bought a premium bond by someone in the family when i was born (1969 ) - has won bugger all in 50yrs :)

  18. #68
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by Montello View Post
    Just stashing a substantial amount of gold in your home seems very risky ...
    "Hello insurance company, we've been burgled and they stole our gold ingots and coins"

    "Were they in the safe?"

    "No they were in a sock left lying around. Seemed a secure option..........hello...............hello......... .........."
    It's just democracy.

  19. #69
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by Pitfitter View Post
    Yep, we did a little over 7% last year with no risk, more exciting checking if thereís a win than monthly statements from our other investments.
    My feelings exactly!
    It's just democracy.

  20. #70
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    Quote Originally Posted by Pitfitter View Post
    Yep, we did a little over 7% last year with no risk, more exciting checking if thereís a win than monthly statements from our other investments.
    Wow, that is good going. Havenít seen more than 1-2% at most annually over the past few years. Biggest win was £1k. My stocks isa did better in a year with less invested than our combined maxed premium bonds. Lets hope i get some of your luck!


    Sent from my iPhone using Tapatalk

  21. #71
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    I reckon weíre getting all of our friends and relatives good luck with our wins, long may it continue.

  22. #72
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by Seadweller75 View Post
    Wow, that is good going. Havenít seen more than 1-2% at most annually over the past few years. Biggest win was £1k. My stocks isa did better in a year with less invested than our combined maxed premium bonds. Lets hope i get some of your luck!


    Sent from my iPhone using Tapatalk
    It is only luck, I wouldn't advise anyone to have them if they needed to maximise their return. Nice to check every month and see if there are any surprises!
    It's just democracy.

  23. #73
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    Quote Originally Posted by oldoakknives View Post
    It is only luck, I wouldn't advise anyone to have them if they needed to maximise their return. Nice to check every month and see if there are any surprises!
    Totally agree. Better roi and risk with other investments. The premium bonds are a way for quick cash access for me.


    Sent from my iPhone using Tapatalk

  24. #74
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    Quote Originally Posted by oldoakknives View Post
    It is only luck, I wouldn't advise anyone to have them if they needed to maximise their return. Nice to check every month and see if there are any surprises!
    Dull.

  25. #75
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by Skyman View Post
    How dull. If you have those already? Why not diversify?
    Quote Originally Posted by Skyman View Post
    Dull.
    Quote Originally Posted by Skyman View Post
    No, dull is dull. £100k should be fun. Not sensible. That is what the remaining £1m plus is for.

    - - - Updated - - -


    The door stop!
    Quote Originally Posted by Skyman View Post
    No, not convinced. PBs are dull and unimaginative. Each to their own.
    Quote Originally Posted by Skyman View Post
    At the end of the day, put simply it is not a lot of money. So, watches, cars, pm ingots, start up punts, currency speculation, vinyl records, antiques - to name but a few. Premium bonds? Dull.
    Quote Originally Posted by Skyman View Post
    Dull.
    Are you trying to tell me something meaningful?
    It's just democracy.

  26. #76
    Master Skyman's Avatar
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    Quote Originally Posted by oldoakknives View Post
    Are you trying to tell me something meaningful?
    Dull.

  27. #77
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by Skyman View Post
    Dull.
    I think I'm casting pearls old chap.
    It's just democracy.

  28. #78
    Quote Originally Posted by Skyman View Post
    It appreciates.
    Gold falls almost as frequently as your mum's knicks.

  29. #79
    Quote Originally Posted by Holsterman View Post
    Gold falls almost as frequently as your mum's knicks.
    Frequency of falls irrelevant. Rises may be more frequent (and greater).

  30. #80
    Quote Originally Posted by Kingstepper View Post
    Frequency of falls irrelevant. Rises may be more frequent (and greater).
    Maybe I should have said "lower than".

    [It was actually a joke to deflate an insufferable bore.]

  31. #81
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    Quote Originally Posted by Holsterman View Post
    Gold falls almost as frequently as your mum's knicks.
    Thereís a long held adage with gold, it neither falls nor rises only the currency against which itís measured does.

  32. #82
    Grand Master hogthrob's Avatar
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    Stick a Krugerrand to the bottom of each chair leg, then pop a felt pad on top :-)

  33. #83
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    Make sure you put it in a fireproof safe

    a mate of mine kept his bars in an office safe, said office was on a floor on top of an indian restaurant
    said indian restaurant caught fire one day....😪

  34. #84
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    Quote Originally Posted by Pitfitter View Post
    Yep, we did a little over 7% last year with no risk, more exciting checking if thereís a win than monthly statements from our other investments.
    Was the 7% just a very good year for you or are you getting that sort of return regularly?
    How much have you got invested in PB's to achieve that sort of a return - wondering if you need a lot to increase your chances of landing the bigger prizes??

  35. #85
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    Quote Originally Posted by ENES View Post
    Was the 7% just a very good year for you or are you getting that sort of return regularly?
    How much have you got invested in PB's to achieve that sort of a return - wondering if you need a lot to increase your chances of landing the bigger prizes??
    Just gone back into PBs as I had about £60k laid in a current account earning virtually nothing but was handy if I needed money quickly, put £40k into PBs when I discovered you can make online withdrawals very quickly. So far I have been in 2 draws and won 4 x £25 prizes, not a fortune but better than I was getting and there is always the chance of winning a £1m which would put me on par with some of the high rolling Rolex wearers.

  36. #86
    Quote Originally Posted by ENES View Post
    Was the 7% just a very good year for you or are you getting that sort of return regularly?
    How much have you got invested in PB's to achieve that sort of a return - wondering if you need a lot to increase your chances of landing the bigger prizes??
    If heís getting that return regularly heís just been very lucky and no reason he (or you) will get that next year.

    Average return is 1.4% but most people wonít get that.

  37. #87
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    Quote Originally Posted by bobdog View Post
    Just gone back into PBs as I had about £60k laid in a current account earning virtually nothing but was handy if I needed money quickly, put £40k into PBs when I discovered you can make online withdrawals very quickly. So far I have been in 2 draws and won 4 x £25 prizes, not a fortune but better than I was getting and there is always the chance of winning a £1m which would put me on par with some of the high rolling Rolex wearers.
    That's the way I look at, great for some quick cash if you need it plus the fun of the monthly draw.

    We do ours old school and wait for the envelopes to drop in the door.

    My Mrs had six £25 wins last month and I got none! We both have similar amounts invested too.

    Most I have won from one bond was £1000 - which was nice.
    Cheers,
    Neil.

    My Speedmaster website:

    http://www.freewebs.com/neil271052

  38. #88
    Quote Originally Posted by Kingstepper View Post
    If he’s getting that return regularly he’s just been very lucky and no reason he (or you) will get that next year.

    Average return is 1.4% but most people won’t get that.
    Correct - I've had the max £50k's worth for exactly one year now, and my return over that period of time is 1.25%

    Foggy

  39. #89
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by Kingstepper View Post
    If heís getting that return regularly heís just been very lucky and no reason he (or you) will get that next year.

    Average return is 1.4% but most people wonít get that.
    We've been around 3-3.5% for the last 2 years. Nearer the average in the years before that. Know others who have had less and more so probably about right for an average!

    Quote Originally Posted by Neil.C View Post
    That's the way I look at, great for some quick cash if you need it plus the fun of the monthly draw.

    We do ours old school and wait for the envelopes to drop in the door.

    My Mrs had six £25 wins last month and I got none! We both have similar amounts invested too.

    Most I have won from one bond was £1000 - which was nice.
    We do the same, although other relatives have them paid in direct. It's the only time we need to actually visit the bank, but there are also a couple of jewellers nearby who have the occasional interesting watch in the window, be rude not to have a look!
    It's just democracy.

  40. #90
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    Quote Originally Posted by Skyman View Post
    We are talking less than 33 1oz gold Brit sovereigns. Not exactly the Royal Mint.
    Do 1oz gold Brit sovereigns exist?

  41. #91
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    Quote Originally Posted by trident-7 View Post
    Do 1oz gold Brit sovereigns exist?
    1/4 oz, aren't they?

  42. #92
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    Quote Originally Posted by Skyman View Post
    At the end of the day, put simply it is not a lot of money. So, watches, cars, pm ingots, start up punts, currency speculation, vinyl records, antiques - to name but a few. Premium bonds? Dull.
    100k to a lot of people, me included, is a massive amount of money. But then you know that already🙄

  43. #93
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by trident-7 View Post
    Do 1oz gold Brit sovereigns exist?
    Well a double sovereign weighs just over 15grams. A sovereign weighs just under 8 grams. And there are approx 28 grams in an ounce.

    Perhaps Stanley meant a Britannia.
    It's just democracy.

  44. #94
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    Quote Originally Posted by Skyman View Post
    At the end of the day, put simply it is not a lot of money. So, watches, cars, pm ingots, start up punts, currency speculation, vinyl records, antiques - to name but a few. Premium bonds? Dull.
    Well it is a lot of money to me thatís why I want a safe solution. If itís pocket change to you you are lucky.

  45. #95
    Grand Master hogthrob's Avatar
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    Quote Originally Posted by 1680 View Post
    Well it is a lot of money to me thatís why I want a safe solution. If itís pocket change to you you are lucky.
    Well he probably earned it rather than lucked into it, but feel free to ignore him until you get to know his persona a bit more.

  46. #96
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    Quote Originally Posted by trident-7 View Post
    Do 1oz gold Brit sovereigns exist?
    No but gold Brittanias do, each one contains one full ounce of pure gold. As these coins are ‘legal tender’ they are VAT free and CGT free. Some 1 ounce gold coins weigh slightly more than one ounce depending of the fineness of the gold content but a ‘one ounce’ gold coin will always contain one full ounce of 24 carat gold.

    For example, South African one ounce Krugerrands weigh more than one ounce as the pure gold content will assay at 91.7%.(the other 8.3% is silver and copper) Whichever way round, you will get one full ounce of pure gold content in a one ounce gold coin.

    Be aware that there are fake gold coins out there so be careful who you buy from, you need to know exactly how much a gold coin should weigh and what the diameter and thickness should be, any dealer worth a damn will not be fooled by fake gold coins but the man in the street is generally not so savvy. If you are thinking of buying gold coins privately then you need a set of small digital scales and a digital vernier caliper, both together will cost you less than £50 from Amazon and you obviously must bone up on the exact weights and sizes of any gold coins you are considering purchasing. Bit like watches, you must be careful!
    Last edited by KavKav; 5th February 2020 at 09:10.

  47. #97
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    Quote Originally Posted by hogthrob View Post
    Well he probably earned it rather than lucked into it, but feel free to ignore him until you get to know his persona a bit more.
    In my experience people who have become wealthy through their hard work have a very healthy respect for money and would never describe £100k as pocket change and they always recognise their good fortune for being in that position whether that be as a result of good education opportunities or some good breaks in their working life. They also develop a bit of class and wouldnít call £100k pocket change, that imho is a bit crass and usually the way of the inheritors...

  48. #98
    Grand Master hogthrob's Avatar
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    Quote Originally Posted by KavKav View Post
    Be aware that there are fake gold coins out there so be careful who you buy from, you need to know exactly how much a gold coin should weigh and what the diameter and thickness should be, any dealer worth a damn will not be fooled by fake gold coins but the man in the street is generally not so savvy. If you are thinking of buying gold coins privately then you need a set of small digital scales and a digital vernier caliper, both together will cost you less than £50 from Amazon and you obviously must bone up on the exact weights and sizes of any gold coins you are considering purchasing. Bit like watches, you must be careful!
    So you can't tell if they're real by biting them? Works in the movies.

  49. #99
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by 1680 View Post
    In my experience people who have become wealthy through their hard work have a very healthy respect for money and would never describe £100k as pocket change and they always recognise their good fortune for being in that position whether that be as a result of good education opportunities or some good breaks in their working life. They also develop a bit of class and wouldnít call £100k pocket change, that imho is a bit crass and usually the way of the inheritors...
    My feelings entirely. Describing 100k as 'not a lot of money' is just being boastful IMO. It's the 'Stanley' attitude.
    It's just democracy.

  50. #100
    Quote Originally Posted by oldoakknives View Post
    My feelings entirely. Describing 100k as 'not a lot of money' is just being boastful IMO. It's the 'Stanley' attitude.
    Agreed, it's just bragging. The problem with bragging about how rich you are is that there's always a richer guy, and if he's as big of a dick as you are, then you are going to end up losing the pissing contest. There's a bloke on another forum who has literally about 70 Pateks.

    I'm not getting the "Stanley" reference, what is that?

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