Gold Investment

Not to bore readers considering myself being new to blogging and having an exhaustive collection, I am going to write about my plan on starting an investment on gold. Not exactly the best time to do any purchases now as the price is now leaning towards the high end. It is now priced at USD1355.95 / oz according to BullionVault. Well, the price has been 'stable' since early August, that is how I will term it.

Being hard on my wallet leaving myself with only some coins chinking in my pocket I bought a tiny gramme of PAMP Suisse during my transit at Dubai Airport, an act only idiots will do. I have not had the intention of investing at that point in time but I thought the craftsmanship was good, so I spent that few quid I had on that gramme. It is rather silly, or rather, brave of me to have brought so little cash with me when going on a long journey. There hasn't been a vast difference in price but if converting the price according to the rate at USD1355.95 / oz, it will cost £27.18 now. Got it at £29.29. No profit but I'm still interested to invest in these. Seen the yearly graphs for the price increase and I'm convinced to profit if my patience does not wear.

Something I have noticed recently is that Ebay sellers are scooping huge amount of money by not following gold prices. I just see one selling for £44.99. You cut-throat bastard!

The undated 20p - Value doubles to £100

What can I say? I am more than thrilled to find out and to provide an update about this! The title says it all - yes, the London Mint Office is now paying those registered sellers a 100 quid for an undated 20p piece! The very fact that the price has doubled from £50 - £100 makes having 3 pieces of these tiny treasures in my collection exiting. 3 isn't many nor is it impressive but I am glad I bought the latest 2 at very low prices a few months back. No exact figure has been reported as to how many of these were minted but according to the information provided by the Royal Mint, the error affected about 250,000 out of the 136 million pieces minted.

Happily sealed them three in plastic coin holders, air tite in eternity, safe from all types of chemical and physical harm.

p/s: My heart is still pounding with joy :)