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About TwoBobRob

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  1. Ooooh no. I would strongly advise you to stay exactly wherever you are. It ain't no fun over here!
  2. Thanks for the reply Anon. It is not my intention to borrow ever again, beyond what's already in place for my business. At this point I am unconcerned about my credit rating/score. It's a mess anyway due to historic **** ups made by yours truly. Walking away from all debts is something a former employer of mine has done in recent years and after initial pangs of guilt he found the whole thing quite liberating as it turns out and (I don't know if this is typical or not), he has subsequently become a lot more responsible where spending/budgeting is concerned.
  3. So........ Nearly two years later; How time flies... I read and re read this thread a few time and took some action partially based on comments received. Personal debt is now under control. My little business, now in it's third year is looking healthy. I kept the flat in France having stumbled across an extremely reliable tenant for the last two snow seasons. I'm keeping an open mind about the future. I had a second knee surgery last year and time will tell if I'll ever snowboard again. This in turn may assist in my decision to ultimately keep or sell the flat. I have not yet bought any PMs. I have continued to lurk here and have found this place to be entertaining and very enlightening, so thank you for that. Perhaps now I should be looking to buy a couple of coins....
  4. Thought I'd bump this thread as a few months have gone by. I've been visiting the forum regularly and reading as much as possible and I have to say, notwithstanding the issues I've already discussed here, I've fully bought into the idea that "every man should own an ounce of gold and a pound of silver" - a phrase I've come across a fair few times. I'd also like to say thanks to the people who responded originally as it opened my eyes a bit and allowed me to approach my problems with a more open mind, which has helped for sure. So maybe not this year, but sometime for sure I'll be the proud owner of something shiny. Don't know what, mind.....
  5. Congratulations by the way, on an excellent username
  6. .....If so, why? I'm guessing there are popular designs amongst collectors and I'd assume this is true for investors too, but what's the general consensus - stick to your faves, price on the day, or whatever takes your fancy? Any to be avoided?
  7. So I got chatting to a family friend the other night. Turns out she had worked years ago for one of the big four London gold banks as she called them. She went on to say she believed these four establishments had gold at the counter and you could quite simply bowl in there and buy. She named the four as; Rothschild Sharps Pixley Samuel Montagu Johnson Matthey True or false? Or is she just decades out of touch and this no longer goes on? From my little bit of reading so far as I try and learn about this new world, I've not come across this yet.
  8. Gin - Thanks for the reply. I read your post and automatically read fiat instead of flat. Probably because 'fiat' is a term I've only very recently heard of so it was fresh in my mind... Yes there is a mortgage on the flat, around 50% of the value. I agree, living debt free is very liberating. I was able to experience this for a few years around 03-07. Old Nis - Cheers. If I refer back to my friend, he intends to keep his silver basically, forever. 'Bury it in the garden' to quote the man. I can see how actually holding some coins would be a good motivator. Something tangible, something real.
  9. An interesting turn of attitude in the last couple of posts. Whilst I don't enjoy being judged by others, especially those who don't know me, it does raise points for discussion. Exactly what internet forums are for in my opinion. I would ask that you perhaps read my posts again. I have not said, nor expect silver to by my salvation. The little reading I've done brought me to this forum where I've asked a question based upon something a friend of mine mentioned he was going to experiment with. No more, no less. I'm genuinely interested in the subject and would like to know more. Gin, explain to me please your statement "the fiat business is being controlled by your emotions".
  10. I'm 45 years old. My melodramatic years are long behind me. I'm sorry if I've confused the issue. In my initial post I said "if by some twist of good fortune". That twist of good fortune would be winning all the work I've recently quoted.
  11. Do I need to own the flat..... A very good question. It's in Val D'Isere. I'm a snowboarder amongst other things. So on the one hand, yes it's useful to me personally, on the other it's a financial burden I could live without and just take regular package snow holidays like everyone else. But, It's affordable as properties go. The mortgage is reasonable and it's supplemented by income from tenants. Selling up at this point would show a loss overall but the reduction in stress for me carries a value of course. I'm truly torn when it comes to the flat. When I bought it my plan was to keep it for the rest of my life figuring it would provide income when I'm retired and the mortgage is paid off. With regards to soldiering on and settling my debts the hard way, that's what I've been doing for the last 20 years. I'm no stranger to going hungry and walking around in rags in order to honour my commitments. It's harder now than ever with no regular monthly income however. I've started a new business recently and if it takes off things will be ok - I am an excellent budgeter. In this short term though, it's nothing other than bloody hard. Regarding my original question, it was slightly loaded; If I'm lucky enough to win the work I've recently quoted, then there might be £500 spare once the dust has settled.
  12. I would at some point like to hold some coins/bars. It makes sense to me to do so. I own a property in France and I'm considering what to do there too. The exchange rate is in my favour if I sell now, but the prospect of that scares me as that little flat is my only asset in the whole wide world...
  13. Interesting.... Of course this is all pie in the sky at the moment as there is no spare money of any description. "good little debt slave" haha.... I can see I'm going to like this place.
  14. Hi everyone. First post, please have a virtual drink on me and I'll take this opportunity to apologise now for stupid questions.... So I'm an ordinary working bloke who's had a bad 3-4 years like so many others. I'm now drowning in personal debt and work is patchy at best. I'm struggling currently to see a way forwards - to see the wood from the trees as the saying goes. I was chatting to a friend of mine recently who told me he was about to start buying silver bars as an investment for his future. He felt they would appreciate better than traditional savings (ISAs, bonds etc) and, perhaps more importantly they were unlikely to loose money in the long term. Better to have something than nothing, he argues. It got me thinking. I'm in no position to save or buy anything with a view to keeping it long term. I'm firefighting on a monthly basis and am fully trapped in what I refer to as a 'credit trap' - any money I might make each month is swallowed in minimums and overdraft charges. All my traditional instincts and beliefs tell me to keep grafting and one day I'll pay that credit card off, that loan off etc. Deep down I know this is unlikely. Now, my (hypothetical) question to the forum is this; If I were able to scavenge £500-1000 aside by some twist of good fortune, what should I do with it? My traditional gut instinct would be to reduce the balance of my most expensive card. My friend however, in my position, would buy silver and continue to struggle on with his personal debt as normal. This goes against my traditional (and often blinkered) view of things, but who's to say he's not right? He feels his silver may well increase in value faster than the card debt over the forthcoming years and overall, he'll do better. I fully understand someone who is debt free having a nice little range of investments, but for someone like me this seems a little bit maverick, frivolous even.... Your opinions please. Cheers Rob.
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