Investment & Investing

so why the fuck did you spend twenty quid on six quid's worth of silver?

a 1kg 99.9% bar is appx £525 (inc vat), working out at 52 odd pence per gram

I've been saving £2 coins for about 10/12 weeks

I'm currently on £62

Thanks

pisti, always one eye on the market

in this case pie vending machine requirements

I have shares in Cambridge United.

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so why the fuck did you spend twenty quid on six quid's worth of silver?

a 1kg 99.9% bar is appx £525 (inc vat), working out at 52 odd pence per gram

I didn't. I exchanged £20 of my electronic £s with a £20 coin that happens to actually have some value in the metal it's made of.

and lost fourteen real monetary units in the process

whereas, if you'd obtained twenty quids worth of 1971 to 1991 (plus 1998) bronze two pence pieces (500), their mass would be 3,560 grams. bullion bronze is £60/kilo, making a (highly illegal) bronze converted value of £213.60, or a return in raw materials of over 10 times your investment...

basic arithmetic fail (spotted by no-one else)

£20 in 2p's is 1,000 coins, so output is £427.20. however that would be for proof or hallmarked ingot.

Was considering buying some gold as something to keep and see if the value goes up , probably not going to buy a huge amount or anything but when it comes to disposing of it for cash when the value goes up how do you do this?

one of many many bullion websites > http://www.bullionbypost.co.uk/?gclid=CIC71YzR2LsCFQMYwwodnRAA8Q

although you may want to re-think gold given the current trend > http://www.thegoldbullion.co.uk/gold-price-chart

rare metals used in electronics may be a better bet, such as palladium

Does that not suggest that it has a lot of room to go back up?

Or have I been reading too much ZeroHedge?

look at the all-time trend, gold went stratospheric from 2005, it's now at a mature plateau, so cannot make such a gain for a while, its price will drop off for the short term at least

Ah, yeah. So c.$400? Are there markets for things like palladium?
And I feel the appeal of something like gold is that it has relatively intrinsic value, so even if everything collapses its still worth ... something?

I agree that global commodity prices are suppressed at the moment due to the slow down in western economies caused by the bank crisis and the apparent slow down in China caused by their continual book cooking.

Its hard to tell which tho so Im looking to invest in one of the large mining stocks diversified in them all.. probably BHP Billiton or Rio TInto

The value of palladium is linked to the sale of cars with catalytic converters. Which is a dying industry, its also only mined a biproduct of other ores like gold and copper. So when the value of gold or copper goes up they mine more of it regardless of demand and its value goes down.

Allegedly silver is going to run out before gold and is used in far more modern/useful products, so over the long term its likely to rise faster than gold and some predict that it will overtake gold prices in the future...

hold on to that coin hippy...

and lost fourteen real monetary units in the process
whereas, if you'd obtained twenty quids worth of 1971 to 1991 (plus 1998) bronze two pence pieces (500), their mass would be 3,560 grams. bullion bronze is £60/kilo, making a (highly illegal) bronze converted value of £213.60, or a return in raw materials of over 10 times your investment...

I don't keep 1s and 2s. I throw them at children from the office window.
So, breaking even on a bullshit limited edition £20 coin purchase is still better value (and legal). Keep trying though. :)

Allegedly silver is going to run out before gold and is used in far more modern/useful products, so over the long term its likely to rise faster than gold and some predict that it will overtake gold prices in the future...

We have another Max Kaiser listener..

hold on to that coin hippy...

I plan to. One day it might be worth £21!

and lost fourteen real monetary units in the process

He didn't though because the £20 coin is legal tender.

Yeah, that ^

yes.. legal tender of government that believes in the economics of quantitative easing and setting interest rates.

If you like coins so much why not a 20 swiss franc Vreneli
Its worth more than its face value and the swiss government are a little more restrained at printing money than some.
http://gold.celticgold.eu/p_en/20-swiss-francs-schweizer-franken-vreneli.html

I'll give you a hint...

£20 vs. 180EU

Tommy, the government doesn't decide on QE or set interest rates. I'm baffled by you.

okay.. just saying as a store of value its a better bet and as a showoff trinket its has a little more misque about it, being foreign and that.. and the fact its a gold coin worth hundreds of pounds.

Can you even showoff a £20 coin??

A gold coin with hundreds of pounds, that you can buy for 20 pounds? I'll buy six.

i plan to. One day it might be worth £21!

:D

^^ The royal mint work the other way around.
for instance your welcome to buy a £5 coin here for £6400

http://www.royalmint.com/shop/The_Christening_of_HRH_Prince_George_of_Cambridge_2013_UK_5_pound_Platinum_Proof_Piedfort_Coin?tab=specification#productdetails

or a £1000 coin for £50000
http://www.royalmint.com/shop/u/uk13rbgk