Gold.co.uk sells for £600,000

lazarus · Sep 17, 2015

Yes Silver is interesting. Some people say the price is kept "artificially" low and silver has a massive spike every 30 years or so. It is used in so many applications from medial to solar panels. Its the best heat / electrical conductor except from nano tubes (but they are a long way off)

I would prefer investing in silver over gold any day. The only down side is if you are buying from a supplier you are taxed on silver (but not gold) unless you buy silver scrap off the public.
I also think that as both are very low at the moment and gold is getting to the point at which the price is close to the cost of getting it out of the ground and processing.

IMO metals would make a good investment at today's prices.

Laz

Murray · Sep 17, 2015

ian-d said:
As an aside, anyone currently investing in gold or silver? Any opinions on where prices are likely to go? Haven't looked myself in a year or so and quite surprised how much they've dropped. Quite interested in silver actually, as I believe no more can be produced?

The problem with silver is you would have to buy so much of it to be worthwhile + you pay VAT unless you order from Europe

When it comes time to sell the silver it's a problem, if you sell to a dealer you will get below spot price, so how much is spot going to have to go up for you to make a decent profit? + you have to store the 1000+ oz of silver somewhere

You would make more selling it on ebay, but you would have to break it up into a ton of auctions and that's a lot of faffing about

Precious metals are just a good way to store some wealth outside of the bank and outside of cash

^ For that purpose, gold > silver all day long.

markb · Sep 17, 2015

The telegraph article says it is the record for a .co.uk domain, but didn't money.co.uk sell for more? according to the link below it sold for $2.4m dollars. Anyone who if this is correct?

http://www.spectator.co.uk/columnists/any-other-business/796546/pound-sold-to-highest-bidder/

mat · Sep 17, 2015

Rob_F said:
They are also running Radio Ads, heard one of them on Classic FM the other day.

- Rob

Probably the same one I have been hearing on Jazz FM for a while now! Have also seen the tv advert.

Rob_F · Sep 17, 2015

So that's money, gold and childcare all running TV/Radio ads in recent months.

- Rob

foz · Sep 17, 2015

If the sale is accurate, it's £300K a piece (.co.uk & .uk).

markb · Sep 17, 2015

foz said:
If the sale is accurate, it's £300K a piece (.co.uk & .uk).

I doubt the .uk is worth the same as the .co.uk. They haven't even redirected the .uk to the .co.uk

ian · Sep 17, 2015

lazarus said:
Yes Silver is interesting. Some people say the price is kept "artificially" low and silver has a massive spike every 30 years or so. It is used in so many applications from medial to solar panels. Its the best heat / electrical conductor except from nano tubes (but they are a long way off)

I would prefer investing in silver over gold any day. The only down side is if you are buying from a supplier you are taxed on silver (but not gold) unless you buy silver scrap off the public.
I also think that as both are very low at the moment and gold is getting to the point at which the price is close to the cost of getting it out of the ground and processing.

Metals would make a good investment.

Laz

If I was to play the metals game, I'd want physical 1kg bars (no problem with secure holdings), so was instantly attracted to silver because of the initial low entry point, but this VAT on silver is a kicker, as it isn't paid on sale, so you instantly are down 20%! Has anyone bought from say Channel Islands, removed the VAT and got away without having to pay the import tax? I assume it is the same when buying from Europe? This is on bars, so obviously can't split into low cost consignments like coins.

domainseller200 · Sep 17, 2015

Rob_F said:
Taylor?

- Rob

No he means Rob Halliday-Stein the person in the article; hence him saying why it doesn't add up

foz · Sep 17, 2015

markb said:
I doubt the .uk is worth the same as the .co.uk. They haven't even redirected the .uk to the .co.uk

Would you buy the .co.uk for £600K without the .uk?

Suggest they are intertwined, no .uk will impact on .co.uk sum paid.

foz · Sep 17, 2015

domainseller200 said:
No he means Rob Halliday-Stein the person in the article; hence him saying why it doesn't add up

So possible self promotion with misleading press release?

domainseller200 · Sep 17, 2015

foz said:
So possible self promotion with misleading press release?

Looks like it. I am not sure why anyone who sells domains would mind that though, seeing as it brings huge awareness to .co.uk / .uk domains and also for 6 figure sums; can only be a good thing to everyone

foz · Sep 17, 2015

domainseller200 said:
Looks like it. I am not sure why anyone who sells domains would mind that though, seeing as it brings huge awareness to .co.uk / .uk domains and also for 6 figure sums; can only be a good thing to everyone

If it's not accurate, public perception could backfire (for all of us).

bonusmedia · Sep 17, 2015

Do journalists take everything at face value these days?

I suppose it's a good way of getting some high value links but it must take brass balls to just outright bullshit like that

Even if you don't care about lying surely there's a risk to reputation

accelerator · Sep 17, 2015

For those contemplating metals investment, I have seen Egon von Greyerz talking to Max Keiser on the Keiser Report:

https://twitter.com/goldswitzerland

This may be useful for you to learn about the Gold market, but it's not something I've looked into closely, so this is not a direct recommendation and do your own research.

Rgds

Trigger Happy · Sep 17, 2015

Edwin said:
It's a fabulous synergy for the buyer when you dig into his company's situation. Yes, it's going to take "a while" to see a positive ROI, but it throws rocket fuel on their credibility within their niche, and should help them seize an even bigger share of business.

(Also, it's a splendid result for the seller - I believe 99% of people reading this thread, mysely included, would have blinked and sold it much cheaper than the price that was ultimately attained)

Anything to say about the whole story turning out to be complete nonsense?

Edwin · Sep 17, 2015

Trigger Happy said:
Anything to say about the whole story turning out to be complete nonsense?

No. I have no information either way. Two competing assertions at the moment, and no way to tell where the truth lies.

KarlM · Sep 17, 2015

Thought it took a while for people to pick up on that haha.

Lovekraft · Sep 17, 2015

Shame this looks like it's just a load of marketing crap in the end.

lazarus · Sep 17, 2015

ian-d said:
If I was to play the metals game, I'd want physical 1kg bars (no problem with secure holdings), so was instantly attracted to silver because of the initial low entry point, but this VAT on silver is a kicker, as it isn't paid on sale, so you instantly are down 20%! Has anyone bought from say Channel Islands, removed the VAT and got away without having to pay the import tax? I assume it is the same when buying from Europe? This is on bars, so obviously can't split into low cost consignments like coins.

Yes. If you where to buy metals physical would be the way to go. Id personally prefer scrap or coins then bars. Its just easier to get rid of when needed. The best way of buying silver (If you have the time) is scrap silver which is tax free because you are buying from the public. A safety deposit box is not to expensive to store physical in either.

Laz