To sell or buy gold BULLION - THAT IS THE QUESTION
SwK
Posts: 378
www.petitioncrown.com the art of collecting coins
A question answered reference GOLD BULLION and he future thoughts on GOLD and Quality Coins..
I am a “bull” for quality collectables for the future, what is interesting from many emails is the number of collectors who believe that if a few coins come on the market they need not buy as they are common, this is a misconceptions as collectible coins are finite in number, they will not make more and once acquired can disappear for a generation or more..
GOLD investing I would like to keep it KISS,” keep it super simple”. First I am sure that we all know why we should have in our portfolio an amount of GOLD. For me It is just an insurance policy that if government do make a mistake print to many $ or other currencies then as the $ or others weakens there is a high probability Gold will rise. Also Gold is usually inflation resilient. Let us imagine the year is 2003, yes I have been proposing Gold since this period when it was $320 in my portfolio of cash / investments. I recommended a gold investment of 7% of the total. [We should not forget GBP has alone devalued in recent time by -30%]
What did I mean gold investment; it meant I would buy for cash gold bullion, what gold bullion? I bought in those days KRUGERS, coins I liked and unusually they were 1oz gold+/- and coins from South Africa they cost the price of Spot Gold + 1%. Easy put them in the safe, money spent for a rainy day. Should gold be sold today, for me? NO. Over the following few years we went into a “bubble” and on the same equation which was used today I now have 40% of the total of liquid assets.
Now the question being asked do I sell the gold that increased from $320 to over $1000? The answer is no, what has happened is the risk of holding $ has increased so the value of the gold as an insurance has increased. I cannot justify the figure of 40% but I have decided not to change course at present. We should remember we have new buyers in the market China who hold vast reserves of $ they consider will devalue over the next few years.
Were next – well if I was advising the US I would devalue the currency by 75% over the next several years, this would export recession, make US goods cheaper and put the whole USA back to work. Cut the value of the debt owed by the USA in foreign currency and America will become viable with China, India etc., and the ones to suffer will be Europe.
What about your 401’s and all other market tools they will look good but in reality the purchasing power of the $ will go down, what about it? Not important the US can produce everything itself and will not need to buy expensive imports from Europe.
So KISS, keep it super simple – keep your gold it has a chance to go up a long way yet.
When buying check several sources, which dealer sells nearest spot also to check see KITCO site and see spot and check there prices for bullion. https://online.kitco.com/bullion/completelist.html
This is a personal view only and be careful that u buy from a reputable dealer, check eBay and other online auction houses carefully
Remember “Caveat Emptor”
SwK
www.petitioncrown.com
A question answered reference GOLD BULLION and he future thoughts on GOLD and Quality Coins..
I am a “bull” for quality collectables for the future, what is interesting from many emails is the number of collectors who believe that if a few coins come on the market they need not buy as they are common, this is a misconceptions as collectible coins are finite in number, they will not make more and once acquired can disappear for a generation or more..
GOLD investing I would like to keep it KISS,” keep it super simple”. First I am sure that we all know why we should have in our portfolio an amount of GOLD. For me It is just an insurance policy that if government do make a mistake print to many $ or other currencies then as the $ or others weakens there is a high probability Gold will rise. Also Gold is usually inflation resilient. Let us imagine the year is 2003, yes I have been proposing Gold since this period when it was $320 in my portfolio of cash / investments. I recommended a gold investment of 7% of the total. [We should not forget GBP has alone devalued in recent time by -30%]
What did I mean gold investment; it meant I would buy for cash gold bullion, what gold bullion? I bought in those days KRUGERS, coins I liked and unusually they were 1oz gold+/- and coins from South Africa they cost the price of Spot Gold + 1%. Easy put them in the safe, money spent for a rainy day. Should gold be sold today, for me? NO. Over the following few years we went into a “bubble” and on the same equation which was used today I now have 40% of the total of liquid assets.
Now the question being asked do I sell the gold that increased from $320 to over $1000? The answer is no, what has happened is the risk of holding $ has increased so the value of the gold as an insurance has increased. I cannot justify the figure of 40% but I have decided not to change course at present. We should remember we have new buyers in the market China who hold vast reserves of $ they consider will devalue over the next few years.
Were next – well if I was advising the US I would devalue the currency by 75% over the next several years, this would export recession, make US goods cheaper and put the whole USA back to work. Cut the value of the debt owed by the USA in foreign currency and America will become viable with China, India etc., and the ones to suffer will be Europe.
What about your 401’s and all other market tools they will look good but in reality the purchasing power of the $ will go down, what about it? Not important the US can produce everything itself and will not need to buy expensive imports from Europe.
So KISS, keep it super simple – keep your gold it has a chance to go up a long way yet.
When buying check several sources, which dealer sells nearest spot also to check see KITCO site and see spot and check there prices for bullion. https://online.kitco.com/bullion/completelist.html
This is a personal view only and be careful that u buy from a reputable dealer, check eBay and other online auction houses carefully
Remember “Caveat Emptor”SwK
www.petitioncrown.com
A collection uploaded on www.petitioncrown.com is a fifty- year love affair with beautiful British coins, medals and Roman brass
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Comments
Ray
The thoughts are broader than the how you explain. In times past the lack of monetary control has created the devaluation of a currency. My interest is to hear different viewpoints that stimulate the hobby and collecting whether Gold Pandas, $20 USA, British coins etc. I go back some hundreds of years to a recent period of the 17th Centaury to see a similar occurrence. Healthy bantering does no harm and anyhow Gold are still coins. The children love the Pandas
Interesting I did not mention inflation, as it happens de-flation creates a greater threat.
Just a further thought the study of "numismatics" is my formost hobby, the link between gold and gld coins of collectable status is closely linked and has been since I startted collecting in 1960, although in the beginning I had not realizd this.
To show my "love" for numismatics see my site and you will see I chose every coin one by one.
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<< <i>...This discussion (not much of one at that) belongs in the PM forum anyway. >>
I tend to agree; it seems to have little to do with collecting world coins. -Preussen
I am interested to hear if others agree as it will reflect on individual’s willingness to pay higher prices for gold coins of a collectable status? This of course will depend on the consumer expectation of market conditions?
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The quality of modern bullion coins are superb, the dies and designs are great. I concur with what you say and also say if I had only bought bullion coins over the last 25 years instead of pension policies controlled by others I would not have lost 60% of my expectations when I cashed the policies.
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www.peitioncrown.com
<< <i>Since the aim is not to be obstructive I gracefully withdraw
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For the most part, a majority of the folks here in the World and Ancient Coins forum are NOT AR. All discussions are welcome. All one has to to do is choose which discussions they wish to participate in.
If u look at my web site I am open to all collectors that collect coins of all denominations, this not a each individuals perfect world, this is our hobby, I am sure when u choose a bullion coin u choose it with great care, u check the fields, the image on the coin, edges and try to get the most perfect piece to enjoy. I agree with u.
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what u r collecting today will also become collector pieces as more disapear from the market and collectors see that the top quality even with bullion coins are difficult to find.
in my eyes I am delighted with any collector who collect coins of every type
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Anyway, gold is a very devilish sort of a thing, believe me, boys.
In the first place, it changes your character entirely.
When you have it your soul is no longer the same as it was before.
No getting away from that.
You may have so much piled up that you cant carry it away; but,
bet your blessed paradise, the more you have, the more you want to add,
to make it just that much more.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
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<< <i>Interesting u read my comments that way - thanks for replying, I do not require pat on the back as I see u also like Chinese gold so I am not preaching to the already converted reference gold. As for Pandas I got my first in 1966.
The thoughts are broader than the how you explain. In times past the lack of monetary control has created the devaluation of a currency. My interest is to hear different viewpoints that stimulate the hobby and collecting whether Gold Pandas, $20 USA, British coins etc. I go back some hundreds of years to a recent period of the 17th Centaury to see a similar occurrence. Healthy bantering does no harm and anyhow Gold are still coins. The children love the Pandas
Interesting I did not mention inflation, as it happens de-flation creates a greater threat.
Just a further thought the study of "numismatics" is my formost hobby, the link between gold and gld coins of collectable status is closely linked and has been since I startted collecting in 1960, although in the beginning I had not realizd this.
To show my "love" for numismatics see my site and you will see I chose every coin one by one.
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I'd LOVE to see that 1966 panda. The earliest I have is 1982.