Any Gold Stackers on SD?

[TringSaint]

I'll look into it, I think you could be pulling my leg .

I think the whole thing about gold is that you could look at it as an investment and as a store of wealth. History indicates that gold has held its value for thousands of years, and will not deteriorate. It's an interesting subject, economics.

We have 4 of these I think - paid £220/set:

Porsche 911 GT3 RS : Set 42056-1 | BrickLink

ItemName: LEGO Porsche 911 GT3 RS, ItemType: Set, ItemNo: 42056-1, Buy and sell LEGO parts, Minifigures and sets, both new or used from the world's largest online LEGO marketplace.

www.bricklink.com

 

[HonestJohn]

Have you ever looked investing in Lego, ie sets not the company?

Better return than on gold over last 20 years.
Our Lego investment sets have gone from around £2200 to over £5k in 6 years

Where are you going to sell them?

Ahh - sorry, just saw the link

 

[enfieldspares]

My late father had a visitor come into his office once and look at the graph on the wall showing the price of wool on the, then, Bradford Exchange. The visitor commented "You job must be easy. You see you buy the wool here (on the chart) and then sell it there (on the chart)." My father recounted how he replied "Thank you for telling me that. I wish I'd known it was so easy."

The problem with all commodities is when the price it is at a step are those steps going to then resume upwards or now go downwards or is it more like the shape of a bathtub? Some folk follow what I think is called the chartist method (as in looking at a chart) and betting that the general direction the chart already has is the direction it will take. Thus the idea of steps on a set of stairs.

My father's philosophy was, often, to sell as soon as you'd made a profit enough shares from the deal to cover fully the initial outlay for the "buy". Then the shares that were left were "free shares" and you could take a long term view as whatever you then sold them for even if less than the initial "buy" was now all profit. The same would work with gold I'd guess.

However it is always worth remembering that even the tallest trees never grow all the way to the sky.

 

[Rasputin]

Can’t go wrong with gold. Yes its returns are mooted compared to more glamorous options but it’s very liquid so worth having.

 

[enfieldspares]

Can’t go wrong with gold. Yes its returns are mooted compared to more glamorous options but it’s very liquid so worth having.

Ah. Gold maybe. But other precious metals such as silver? But remember one Nelson Bunker Hunt and those television clips of many many old sporting and other trophies being melted down?

The Hunt Brothers: How Two Billionaires Broke the Silver Market | Scottsdale Mint

How the Hunt brothers cornered silver in 1980, pushing prices from $2 to $48/oz before a spectacular crash on 'Silver Thursday' changed market rules forever.

www.scottsdalemint.com

 

[Cyres]

Gold is trading near all time high. Silver is cheap but the market is highly manipulated. There are a couple of silver ETFs.
Sovereign prices have increased a great deal. I wondered about buying gold some time ago but it's far too expensive.
D

 

[Bavarianbrit]

If you've got money to invest, buy land.
At least you can enjoy it, or get rental income from it, while it's appreciating.

Second best investment after gold I've been told, plus no more hassles at FAC renewal time!

I sold a bit recently for £12,000 per acre, which I paid £900 per acre for.

The CGT must have hurt.

 

[VSS]

The CGT must have hurt.

No, it was only a small area and the money was immediately reinvested in agricultural land.

 

[Monarch Country Products]

Gold mining: greatlandgold.com

Massively undervalued & potential big wins in the next 2yrs (this is not financial advice - do your own research )

 

[JTO]

There's no substitute for acres!

 

[JTO]

No, it was only a small area and the money was immediately reinvested in agricultural land.

I didn't think you could have rollover relief with property.

 

[VSS]

I didn't think you could have rollover relief with property.

Land in current use for agriculture or forestry qualifies I believe, if replacing like with like.

 

[Roebuck9]

Land has got to be a good investment they are not making any more!

 

[VSS]

Land has got to be a good investment they are not making any more!

I doubt they're making much more gold, either!

 

[Jamouk]

Silver 1oz Britannias! No cgt as legal tender , market is manipulated to keep the price low which suits me

 

[Bo Diddley]

Silver 1oz Britannias! No cgt as legal tender , market is manipulated to keep the price low which suits me

The vat takes the shine off a little, but they are affordable for most folks. It would be nice if silver took off to catch up with current gold prices.

 

[Jamouk]

The vat takes the shine off a little, but they are affordable for most folks. It would be nice if silver took off to catch up with current gold prices.

In the 2008 crash silver nearly trebled ! Then the market got flooded with lots of silver paper that didn't exist and the price went back down

 

[Stevie/P]

The vat takes the shine off a little,

VAT free I believe

 

[Bo Diddley]

In the 2008 crash silver nearly trebled ! Then the market got flooded with lots of silver paper that didn't exist and the price went back down

Thanks for the info, I'm still learning. Sounds like good old manipulation of the market then

 

[Bo Diddley]

VAT free I believe

I think VAT-free on gold, but I think silver has VAT added