Wow .... you've just mentioned my two dream Ducatis Do you know where in Spain that 1098R is ? .... or have a link to the sale ? I've got a sensible mate over there who I can probably get to go and look at it ..... ..... once everyone is allowed to move again ...
https://suchen.mobile.de/fahrzeuge/...searchId=2c8228a0-6b8d-3d12-7063-52a56710ebb0 Ha ha, be quick (my mum speaks Spanish) and is actually on hold on the phone right now. I have had my eye on this one as it’s been up for sale quite a while.
I don’t know your circumstances and/or short/medium/long term investment aspirations but IMHO, unless you’re a hedge fund playing with OPM, gold should be a last resort purchase and then only bought if there is massive inflation looming on the horizon as a hedge against same. At present it’s price is too high. It sits above any period moving average price you care to measure it against. If you do decide to buy you should factor in the buy/sell spread as mentioned by Pete above as that can be enormous. You should also, and I cannot stress this enough, only purchase physical gold. There is more gold traded than exists in the World, thanks to derivatives. Even then, if it were me I’d only buy physical gold which I can hold and store myself, so small weight bars or coins such as Sovereigns or Krugerrands, not something that is part of a larger bar sitting in someone else’s bullion vault. If the shit really hits the fan, protection against which is the reason you bought it for in the first place, you want to be able to get your hands on it immediately. Have I talked you out of it yet? Leave it for the professionals IMHO. There are better places to put your money.
You certainly haven’t made it any easier Paul but what you say is more or less what is holding me back. Gut instinct has served me well in the past. Maybe I’ll wait until hyper inflation hits.... Maybe the cash could be used to purchase a Z1 or a 998R etc etc when they become affordable, if they become affordable... Thanks everyone for all the info.
Thank you Joe , I know that site from when I was looking for a Sprinter to convert to a stealth camper a few years back . Thanks also for posting the link and opening it up when you already have an interest .... that deserves credit and respect in my book! I'll hold off for now , at the very least until your mum does the biz ....
I've been keenly watching that site myself , alongside this one ( mainly because it has really great graph options ) https://www.gold.co.uk/gold-price/gold-price-per-ounce/ It puts me in mind of my grandad who carefully "studied" the racing form when I was 7 or 8 ..... I might have said that before .... ?
Good point. The UK was one of the world's most stable and reliable countries, with the chances of the shit hitting the fan seeming remote and hypothetical, until 2016. Over the past four years the system has weakened, instability has spread, and future prospects have clouded. The current plague has obviously worsened the situation sharply again. Having a grotesquely incompetent government and an ineffectual opposition makes matters even worse. Having a Plan B (or C or D) in your back pocket in case of meltdown is no longer far fetched paranoia.
Shame Gordon Brown cost the tax payer dear, when he auctioned off half of the UK gold. Wonder who won big there?
Looking at the ad , it's 1098 in the headline , but 1198 in the specs ...odd ... and I really can't ask my mate to "pop over " to Galicia , from Malaga ... Ha !
Thanks .... ... looks like dumbo here was confusing 1098 and 1098R with the different engine capacities .
Haven't read all the replies so may be repeating. I've got a bit of gold in my safe. I always buy from ATS Bullion who are right next to the Savoy in London. Gold is a good long term investment that is relatively safe to grow over time, over the last 8 years my gains haven't been huge but they are noticeable. Advantages are on sensible sizes it's something you can hide from the tax man, or a partner pending a divorce....! I haven't sold any but my uncle has always told me it's good because the value on any given day is 'the value', unlike a car/bike/watch that can be subjective and a slow market. You'll always be able to sell gold within a few days if you're happy with the current value. If you are planning on doing it properly tax wise buying 'Britannia' 1oz coins are every so slightly more expensive but exempt from capital gains tax, whereas a 'Krugerand' or similar will not be. Little fact, gold coins are sold as troy ounces, slightly over 1oz which accounts for the impurities put in to make them more hard wearing. That's why they are usually stamped 99.9% fine gold.
Just looked at a couple of my old ones, done about 24% in 8 years which isn’t great but it is a steady return.
