UK Budget influence

Been a couple of days since the last blog so a quick update.

I knew the Budget would have an influence but I was hoping it was going to be a good one. Since Tuesday gold has been slipping a little. I'm talking about pence rather than pounds so not all bad. The price when I bought was around £838 an oz and now it's £833 so not too worried. I thought the price would drop initially so I was ready to invest some more at the lower price. I was anticipating that a lot of investors were going to wait until after they knew how the budget was going to effect the markets first so the gold dealing would slow down a little. I have no idea or research to suggest that was going to happen but I am relying on common sense and a little reading about investing. I could be getting this whole thing wrong but only time will tell?

At the moment the price is around £836 buying price so creeping back up again.

Will write again tomorrow

Following closely

Since we have started our venture into gold 3 days ago we have already made more than a bank would have given us in the same time. Now, I know the markets are very volatile right now so that could change in a heart beat.

Now, this is my thinking. All the problems with the Euro right now with Greece and potentially Spain introducing big government cuts is all having effects on people's savings. It is up in the air on whether the Euro Dollar will survive at all and other european countries complaining about bailing Greece out because they've over spent and struggling to keep the retirement age above 60. Reports of people selling gold coins on the steps of banks as customers have been selling their shares and buying gold coins outside.

All this is pretty bad for any economy but I think it all has a positive effect on gold prices. People are rushing to place their money in a safe haven and gold has always provided that. With all the new printed money out their being produced for quantitative easing has devalued paper money. Can anyone really not afford to invest in something else? Only time will tell.

Owning Gold

The next move was to get validated within our chosen bullion website and to fund the account. This was simple and only took 7 working days to process and clear.

We thought it would be best just to start small and see how we went. You can never tell who to trust on the web? We did all the research on our chosen company and it all came back legit and above board. We asked anyone and everyone we knew who had any idea on the markets and all seemed slightly bemused that Gold was an option worth thinking about. Once they looked into it I think I might have stirred their ideas of investing too.

I have to thank my brother, well, for now I do but who knows in the future? He was the one who advised us in the first place. He invested over £60,000 and had doubled his money with 5 years. My Mother and Sister have also invested and they are making nearly 15% on their investment within 1 year. Not bad at all.

I think it was the timing and being so fed up with banks and their dishonesty mixed with their personal greed that has pushed us to look for alternatives to place our hard earned cash. I don't think I'm on my own here? I reckon the more people who do find an alternative way to get more for their money might make them sit up reform the banking system. I don't want to get all political but it does make me mad that the system will never be reformed and even after all the past mistakes things still haven't changed. I'm sure if a massive surge of customers took out their money and put it somewhere else that would have repercussions on the countries economy. That is the last thing we need.

Right, back on track again. We validated and funded our bullion account and bought some gold. That simple.....and it feels very good to know that we have taken control of our savings back.

Today is the first step and we'll see how things pan out (very bad pun) sorry.

A little background

Before I go into my the reason of starting this blog I just want to give you a little bit of detail of my background.

I have a very average background and had average education within our wonderful school system. I wasn't encouraged to learn or pushed to excel. If you became a star pupil it was because you had chosen and pushed yourself to become one. I chose sport over academics every time.

Once I had left school I wanted to become a photographer but didn't have the necessary qualifications to go to Art College. I had to go back to school and get a foundation level in English, Maths and an ology of some kind. I'd like to say that I went back to school and studied hard and passed with flying colours, reapplied to college and was accepted with open arms but I can't. I became a mechanic on the YTS scheme. It has helped me out on a number of occasions but not really what I had planned in life.

After a couple of years doing that I decided that it was too much oil and swarfega and not enough money to have as a career. Once again, I found myself looking for something else to do with my life.

I was 19, still living at home and frustrating the hell out of my parents. I couldn't think of any career that seemed to appeal to me and the lure of endless videos where on earth would I find time to work?

After a couple of years just ambling from job to job I decided to look into my prospects. The outlook was not good and I ended up, once again, in a dull job selling advertising space. This was also not for me. I stuck it out for a year but it was no good, so I left. Where? Was another story.

I ended up living in Spain, Santiago de Compostela to be exact and it was living here that I found my true passion, film. It is only when you have lost something that you learn to truly appreciate it. I couldn't watch a film in Spanish because I couldn't speak the language. It did force me to learn it but it took nearly 3 months to get going with it. I never really learnt enough to relax watching a film and understand everything that was going on. I did however find somewhere that sold Empire Magazine so I just read that all the time. I looked up the local cinema and found out that they had a film night once a month with the film shown in it's original language. I went every Friday like it was my church. I loved it and will always have fond memories of that place. Maybe I'll go back and take some pictures of the old film house one day?

It was nearly a year living in Spain and I read that the UK film industry had had a revival with a small film called, 'Four Weddings and a Funeral'. All the magazine was saying was how the British Film Industry was back on it's feet again. I had made the decision that I wanted get into the film industry. All those films that I had grown up watching weren't a waste of time after all.

Well, I haven't started this blog to tell you my life story as I'm sure there are plenty of those around and my story isn't so amazing that you would be interested anyway.

So, why have I started a blog? I hope this first post has shown you that I have no financial background or any experience in the stock market. I am just an ordinary bloke who is fed up of working my backside off and having banks take all my money. I have decided to take most of our savings out and buy Gold. I have set up all the accounts and will tell you how I get on. I haven't started yet so this could all end with me making a big mistake and losing everything but I'm willing to take the risk. I shall put a post up of everything I do and see how it goes. I hope this will be a success story but I can't promise that.

I hope you stay with me and even, if I do well? Try it yourself?

Well, without further a do...let's start.