What would you spend this £1000 on?

Kateykrunch

Callistemon21

Oh, it's a game.

Sorry, as it was under Chat not Games, I thought you wanted advice!

A metal detector, they might find a treasure trove.

Hi Callistemon21, it is for ideas really, but I just needed to clarify it couldnt be money or bonds lol.

Good game!

We always give percentages to a plot of land. I don't really know what it's called, solicitor involved in our land accomplishes.

Raw land doesn't drop in value.

Callistemon21

Oh, it's a game.

Sorry, as it was under Chat not Games, I thought you wanted advice!

A metal detector, they might find a treasure trove.

Hi Callistemon21, it is for ideas really, but I just needed to clarify it couldnt be money or bonds lol.

You might buy two grams of gold for £1k. You wouldn’t get a krugerrand. Sorry but buying an item for £1k isn’t worth bothering with unless you have a crystal ball.

kateykrunch - I have found something which would suit your price and criteria. It’s one single coin - a Krugerand - £925 at todays price

Oh, it's a game.

Sorry, as it was under Chat not Games, I thought you wanted advice!

A metal detector, they might find a treasure trove.

Germanshepherdsmum

premium bonds aren’t items?

Okay, Premium Bonds and any other Bonds are excluded (its my game, my rules lol)

premium bonds aren’t items?

Germanshepherdsmum

I wouldn’t buy an item. All items go out of fashion, become undesirable and lose value. Even the value of gold fluctuates. Premium bonds. Nothing else.

Hi GSM, perhaps its a crossed post with mine a little higher up, the rules have been detailed, you are not allowed to not buy an item, the £1000 is only available for the 7 days, so………

Norah

A percentage to a plot of land.

Oooo, good idea

I wouldn’t buy an item. All items go out of fashion, become undesirable and lose value. Even the value of gold fluctuates. Premium bonds. Nothing else.

A percentage to a plot of land.

Okay, so….you have £1000, you have 7 days to spend it, you must buy something, an actual item, it will be kept in a glass case/bank/drawer/garage/cupboard for the next 10 years (it will then be given to eldest Grandchild). There are no storage fees, if you have 72 Grandchildren you will have 72 x £1,000 so no-one is disadvantaged/left out. You can give 2 examples to cater for a Male and a Female. I am thinking Gold for both and would do a little research in the 7 days in regards to either a small ingot, Sovereign or Kuggerand.

Georgesgran - that is so cute 🥰

We have saving accounts for our three grandchildren I would put the money in there.

A gold charm bracelet, you can add charms to it for birthdays and Christmas.

It’s almost impossible to second guess what something bought for £1K might be worth in future years, as an investment. Looking back, some ‘ridiculous’ collectibles seem to have increased, whereas other more sensible purchases have devalued. I think the only thing that would be almost certain to increase in value is gold - the higher carat the better - so that could be sold later.
As crazyH says it’s far easier to buy a piece of jewellery for a girl, but boys are beyond difficult - 5 year old GS wants me to buy him a car when he’s 6!

Oh I see - an item ? It’s very easy with the girls - jewellery! The boys, it’s difficult …

I have 6 grandchildren. I will leave them something each in my Will - not a lot, but something they can spend on themselves. I give them good Birthday and Xmas gifts anyway, as I’m sure we all do.

I have 8 grandchildren , 5 girls 3 boys , so how on earth would I divide it , or do you mean that much each. ?
When do you give it to them ? Now ? Or in my will ?

I was thinking more about an idea for an actual item/s.

Possibly premium bonds but one does need a fair number before the wins are regular.

Sorry, wrong thread above! Mods pls move to Spring is Sprung

Lovely! I adore snowdrops.

Not far from us there’s a row of townhouses with several mature mimosa trees planted in front - the flowers are starting to come out already.

If it was for a young grandchild, I’d put it in a junior S&S ISA instead, in the hope that it would have grown quite a lot before they access it at 18.
And then of course hope they’ll be sensible enough not to blow the lot on partying etc.. (A little blowing would of course be allowed.)

Put into an ISA.