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    Gold.co.uk sells for £600,000

    Discussion in 'Sold Domains' started by DaveP, Sep 17, 2015.

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    1. DaveP United Kingdom

      DaveP Well-Known Member

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      DaveP, Sep 17, 2015
      DaveP, Sep 17, 2015
      #1
    2. Adam H

      Adam H Well-Known Member

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      Awesome, I like this quote “I guess there’s a little bit of vanity in it, but it’s pragmatic vanity.”
       
      Adam H, Sep 17, 2015
      Adam H, Sep 17, 2015
      #2
    3. bensd United Kingdom

      bensd Well-Known Member

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      Was this Barry's sale or did the new owner flip it?
       
      bensd, Sep 17, 2015
      bensd, Sep 17, 2015
      #3
    4. Murray

      Murray Well-Known Member

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      Murray, Sep 17, 2015
      Murray, Sep 17, 2015
      #4
    5. redbird United Kingdom

      redbird Well-Known Member

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      Last edited: Sep 17, 2015
      redbird, Sep 17, 2015
      redbird, Sep 17, 2015
      #5
    6. domainseller200 United Kingdom

      domainseller200 Well-Known Member

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      http://www.ft.com/cms/s/0/119abbda-e0f6-11e4-8b1a-00144feab7de.html#axzz3lykyNBk2

      You have to love a success story

      "Rob Halliday-Stein, 37, founded online bullion dealer BullionByPost in 2008, using £10,000 from his mother’s will.

      After his mother’s death, he decided to invest part of his inheritance in gold and silver. Put off by the unfriendliness and high premiums of established bullion dealers, he recognised a gap in the market for the small investor, which coincided with the banking crisis"
       
      domainseller200, Sep 17, 2015
      domainseller200, Sep 17, 2015
      #6
    7. Murray

      Murray Well-Known Member

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      I might be being dumb, but how would you start a bullion company with £10,000 when an oz of gold at the time was about £1000 and you only make 5% extra generally on top of the melt price?
       
      Murray, Sep 17, 2015
      Murray, Sep 17, 2015
      #7
    8. Edwin

      Edwin Well-Known Member

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      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)
       
      Edwin, Sep 17, 2015
      Edwin, Sep 17, 2015
      #8
    9. accelerator United Kingdom

      accelerator Well-Known Member

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      I think the .uk market needed something like this. I think it's a great investment and should easily pay itself back.

      Given that the world's banking sector is on shaky ground, the prospects for gold services like Bullion By Post look good.

      Congrats to the buyer and seller.
       
      accelerator, Sep 17, 2015
      accelerator, Sep 17, 2015
      #9
    10. Adam H

      Adam H Well-Known Member

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      Agreed, I personally believe that's what's wrong with the UK domain industry as a whole and why there is such a gulf between the .uk and .com market. I believe too many UK orientated domainers are too eagar to offload reasonable domains to other domainers at "reseller" prices that it drowns the market for potential. When offers come in no one punches high and allows to be brought down.
       
      Adam H, Sep 17, 2015
      Adam H, Sep 17, 2015
      #10
    11. ian

      ian Well-Known Member

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      Interested view he has though:

      "We haven’t earned the money back yet, but I’m taking a 20-year view on it"

      Does he still see domains having to the same impact in 20 years then? Interesting.
       
      ian, Sep 17, 2015
      ian, Sep 17, 2015
      #11
    12. scottsmith United States

      scottsmith Active Member

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      .
       
      Last edited: Sep 17, 2015
      scottsmith, Sep 17, 2015
      scottsmith, Sep 17, 2015
      #12
    13. Edwin

      Edwin Well-Known Member

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      Edwin, Sep 17, 2015
      Edwin, Sep 17, 2015
      #13
    14. Lovekraft United Kingdom

      Lovekraft Well-Known Member

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      wow, nice to see such an incredible sale, nice little boost for the industry.
       
      Lovekraft, Sep 17, 2015
      Lovekraft, Sep 17, 2015
      #14
    15. mat

      mat Well-Known Member

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      I believe the money was mainly invested in the website and marketing with a bullion supplier acting as a drop shipper for him at first.
       
      mat, Sep 17, 2015
      mat, Sep 17, 2015
      #15
    16. Brassneck United Kingdom

      Brassneck Well-Known Member

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      Nothing is what it seems in this industry.
       
      Brassneck, Sep 17, 2015
      Brassneck, Sep 17, 2015
      #16
    17. KarlM United Kingdom

      KarlM Well-Known Member

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      Nice bit of marketing?

       
      KarlM, Sep 17, 2015
      KarlM, Sep 17, 2015
      #17
    18. ian

      ian Well-Known Member

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      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?
       
      ian, Sep 17, 2015
      ian, Sep 17, 2015
      #18
    19. Rob_F United Kingdom

      Rob_F Well-Known Member

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      Rob_F, Sep 17, 2015
      Rob_F, Sep 17, 2015
      #19
    20. Rob_F United Kingdom

      Rob_F Well-Known Member

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      Taylor?

      - Rob
       
      Rob_F, Sep 17, 2015
      Rob_F, Sep 17, 2015
      #20
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