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How particular R U on building gold portfolio? Are your tubes filled with variety of 1oz gold coins?
Paradisefound
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How particular are you building gold portfolio and strictly for melt value? Are your tubes filled with all kind of 1oz coins including world coins? This is currently offered by APMEX $1360
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For bullion type 1oz gold I like stuff that’s easy to sell in a New York minute.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Great topic. You may get a lot more responses in the Precious Metals Forum here.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I stockpile this gold...
The utility of a "gold portfolio" lies entirely in its pure gold bullion weight, liquidity, and return on sale. Some of the pieces are pretty, but that is of no concern to potential buyers.
This may belong in the PM forum, but while smaller chunks of gold, coins bars have a larger premium, they are more liquid. A lot more people can pony up $2-3 hundred than $1400. My bullion dealer had 20 franc coins all priced at $255. I found 2 Napoleon 1's in the pile and grabbed them. Both in good shape and better than angels or roosters, bullion with a bonus. I like 1 oz coins too, but smaller ones are easier to move for me and to me. Depends on your goals too, but for stacking gold is gold. You know enough to avoid counterfeits so I won't go there. Remember silver. It has always done the bulk of the work in any non fiat monetary system.
I never understood why someone would buy modern stuff if they are stacking gold. Wait until there is another sale like APMEX had on the MS63 St Gaudens for barely over melt. Wait for it combined with 10% ebay bucks and get it UNDER melt!
On the flip side of “it’s just bullion” is “Its just an old coin..” If I’m going to bullion stack I’d want to least a gold eagle, with a full ounce of gold. I’d prefer a kangaroo or Maple leaf to that though. I’d way rather have .999 or even .9999 fine.
Who cares if it is a full ounce? Buy two St. Gaudens, and have MORE than an ounce, haha. They aren't making any more St Gaudens. New stuff all looks the same (flawless) and they will make more next year just like it.
A bit of variety yes but definitely stick with what is easy to move. Eagles, Maples, Krugs and pre 33 US junk in my tubes.
I like to stack US $5 and $10 commemorative issues dated 1984 and later. Common 1984 and 1987 issues carry very little premium and typically qualify for ebay bucks.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
I like a variety myself, my holdings is 70-30 AU to AG currently. Even My 401k has 5% PMs (that has not done so well over the last few years). But I like looking at and holding my phsical PMs when I feel like it.
Buy what you like And wait for discounts with all the aforementioned promotion and deals. And hope it moved in the right direction when the time to comes to move it.
eBay ID-bruceshort978
Successful BST:here and ATS, bumanchu, wdrob, hashtag, KeeNoooo, mikej61, Yonico, Meltdown, BAJJERFAN, Excaliber, lordmarcovan, cucamongacoin, robkool, bradyc, tonedcointrader, mumu, Windycity, astrotrain, tizofthe, overdate, rwyarmch, mkman123, Timbuk3,GBurger717, airplanenut, coinkid855 ,illini420, michaeldixon, Weiss, Morpheus, Deepcoin, Collectorcoins, AUandAG, D.Schwager.
Gold bullion is a big commitment I haven't felt the urge to get in on. I have a few gold coins on my want list but for the storage of intrinsic value, for me, silver makes more sense. Ignoring that it has a bigger upside IMO, lets assume they have a 1 to 1 growth ratio.
There are 3 scenarios for which to consider bullion.
1 A full SHTF collapse. In this scenario, bullion wont matter for 20 years or more. People will be hunting each other down for food and water not gold and silver. There will be no bartering, just survival. Maybe when the dusts settles those with the most gold will rule the land. Not a land I would want to rule. So for this scenario I prefer to stockpile 9mm and 40 cal powder in steel cartridges.
2 A much less dystopian but bleak future. Something like a depression. Something like 1933. Are we immune to seizure of metals like 1933? I dont think we are. We have seen pockets of confiscated land and things of that nature in good times. I dont doubt for 1 second seizures are in our future in this country the way we are headed.
3 Everything remains fine but bullion prices soar like the last run up of silver to $50. In this scenario you might as well play paper silver. The margins over spot are much less. Sprinkle in a little margin and you get leverage spot. No physical bullion dealer can match that. Keep a few 10oz bars as paperweights if you want to hold the physical metal while you trade the paper.
Stacking metals IMO is overhyped. Its cool. I enjoy the little bit I have. There is something empowering about the weight, the feel, the sound. But I am certain its rarity is overstated, not to the extreme diamonds are, but no question about it. Look how many places you can buy 1000s of ounces of each at any time. Its by no means rare. Even as our populations have grown exponentially you can find plenty of it at any time.
I DONT KNOW WHY MY LETTERS GREW
@ACop
so gloomy....
Acop you don't have to yell at us, we get it.
Lol
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eBay ID-bruceshort978
Successful BST:here and ATS, bumanchu, wdrob, hashtag, KeeNoooo, mikej61, Yonico, Meltdown, BAJJERFAN, Excaliber, lordmarcovan, cucamongacoin, robkool, bradyc, tonedcointrader, mumu, Windycity, astrotrain, tizofthe, overdate, rwyarmch, mkman123, Timbuk3,GBurger717, airplanenut, coinkid855 ,illini420, michaeldixon, Weiss, Morpheus, Deepcoin, Collectorcoins, AUandAG, D.Schwager.
I'm not rooting for 1 or 2. Believe me. I want to coast my last 40 years on this planet if at all possible.
You don't want paper metals. That is like buying a picture of a Corvette from Car and Driver for $50,000. I would rather have what I bought. They trade more paper silver in a day than they mine in a year. Can someone explain to me how that works? I'd go to prison if I tried pulling that crap on the public.
Agreed with you 100%...I need to have them in my possession to call it real. I guess I am just from the tail of the old school
@thefinn said:
If the goal is to profit then the paper is every bit as real as the metal. Maybe even moreso for the reason you cited about amount mined in a year.
Great topic !!!
Most people that stack physical metal don't do so with the goal to profit. It's simply a means to preserve wealth and a possible insurance policy against a corrupt system where bankers and politicians create astronomical debts and pull paper out of thin air.
Good for you that you can feel comfortable looking at some numbers on your computer screen that says your paper stocks that were created out of thin air are worth this many paper dollars that were created out of thin air. Personally I wouldn't be able to sleep at night if I knew all my lifes work was tied up in such a Ponzi scheme. I like to hold assets that are real and that cannot be taken away from me with the flip of a switch.
I lean more toward generic, classic stuff (especially now with microscopic premiums). Always figured a little less downside due to collectability.
gold coin is the original bit coin. Value not tied to a central bank, finite amount available and can be held privately.
I have acquired gold to stack for many years.. even before the big peak in value. It does not have the volatility of bitcoin or even stocks... however, as a wise man once said ..."Gold will never be worth nothing." Silver is also a good thing to have in stacks. As @ACop has noted, ammunition and firearms are also important. There are many potential scenarios of disaster - these include natural, man made or economic situations. Preparation is much like purchased insurance.. and one should not put 'all the eggs in one basket'... as another witty individual said somewhere at sometime. I hope never to see this potential Armageddon, of any type. I will, however, maintain a state of relaxed preparedness. Cheers, RickO