Tesla sales crash

[carmanmemoranda]

So if I bought an ounce of gold today and sold it tomorrow, I’d lose about 10%? Doesn’t sound like a good investment to me if you have to make 10% before you even break even.

If you want short term investment, correct.

Look at the long term graphs if you want long term figures.

But I'm saying it's where I put my money. Where you put yours is totally up to you.

If you want to compare how they've done, I'm happy to, the graphs and dates are easy to show

 

[Ihavenojob]

So if I bought an ounce of gold today and sold it tomorrow, I’d lose about 10%? Doesn’t sound like a good investment to me if you have to make 10% before you even break even.

It's a long term investment. You can strike it lucky if you bought a year ago. You can also get lucky if you take a punt at an auction. I got a half sovereign last week for £180, just by going on a picture online and keeping my fingers crossed.

 

[JohnD]

Gold shouldn't be viewed as an investment. It's a store of value that, with luck, will remain even if something else drops. So you still have it if your currency collapses, or your investments in a steam locomotive factory go bust, or if an injury destroys your ability to ply your trade, or if your country is invaded and you have to flee with whatever you can carry.

Security and protection can cost you, but might pay off if (almost) the worst happens.

 

[JohnD]

Still telling lies

Thank you for admitting it.

 

[Mottie]

Mottie did not accept the offer at the time I made it.

It wasn’t offered to me. As I remember, I offered the some money to a charity of your choosing if you would show me proof of that amount of money you allegedly 'parked' in premium bonds to pay a "big bill". Just a statement with all personal details redacted showing the money going in in July and then out again in September. I never heard from you again. I can only assume you turned down the offer of easy money for whatever charity you purport to support because you actually care very little for them. Either that or you were telling your usual porkies and you were unable to show what you claim.

 

[JohnD]

You actually pay more than £150 over the price of the quoted market price. And you might have to pay Capital Gains Tax.

With respect, if you are a UK taxpayer, and a retail investor, I think it would be a mistake to buy precious metals other than genuine UK currency such as sovereigns or Britannias.

Free of VAT and Capital Gains Tax.

Very widely traded.

The dealer's margin is quite high. I suppose you could avoid that by trading privately.

The CGT allowance is currently £3k, which you might make on a couple of ounces, but from my perspective, having to make a tax return is effort and expense I prefer to avoid.

 

[carmanmemoranda]

Dealers margins.

Look at royal mint if seriously interested in investing.

Better margins than you might think. But also consider it you want to store it yourself or have it stored.

 

[johnny2007]

I bet the majority of these milk floats are not owned but leased by fools who like throwing money away to show off.
Of course it was always going to crash.

 

[IT Minion]

I bet the majority of these milk floats are not owned but leased by fools who like throwing money away to show off.
Of course it was always going to crash.

The majority of all cars sold in the UK are through leasing schemes.

 

[fillyboy]

I bet the majority of these milk floats are not owned but leased by fools who like throwing money away to show off.
Of course it was always going to crash.

1 in 5 new cars sold in the UK are under the 'motability' scheme.

 

[carmanmemoranda]

I bet the majority of these milk floats are not owned but leased by fools who like throwing money away to show off.
Of course it was always going to crash.

The showing off is really down to our obsession with knowing what age a car is.

Most number plates give this away, and sales figures have always been based around " the new plate" which was moved to twice yearly to help avoid the mass of sales on Jan 1st. Long before EV's were around

 

[johnny2007]

The majority of all cars sold in the UK are through leasing schemes.

I don't think that can be true.
Especially for cars sub £25k which are somehow affordable.

1 in 5 new cars sold in the UK are under the 'motability' scheme.

 

[Knave of Hearts]

With respect, if you are a UK taxpayer, and a retail investor, I think it would be a mistake to buy precious metals other than genuine UK currency such as sovereigns or Britannias.

Free of VAT and Capital Gains Tax.

Very widely traded.

The dealer's margin is quite high. I suppose you could avoid that by trading privately.

The CGT allowance is currently £3k, which you might make on a couple of ounces, but from my perspective, having to make a tax return is effort and expense I prefer to avoid.

I fully agree with you, JohnD.
I think it's cheaper to buy direct from the mint when the "currency" is first sold, rather than buying second hand coins.

 

[Knave of Hearts]

1 in 5 new cars sold in the UK are under the 'motability' scheme.

That indicates that people who need a motability car are very concerned about the climate.

 

[JohnD]

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