Investment Stategies

[blah3]

Just my OPINION........if I had coins to sell, I wouldn't go to a dealer. Dealers have to make a living and the only way they can make a living is to give you less then it is worth. I know.....I am a part time antiques dealer. But you can get your money immediately........that's the ONLY reason to sell to a dealer. The only way to get top dollar is on the open market, the only way to reach the open market is through a auction. Problem is you have to wait for your money. Sometimes a few weeks sometimes a month or two.......depending on what it is, even longer.

Another follow up. Does that go for gold that is just in coin shape. Like a basic 1 ounce gold ‘coin’ and not like say a gold St George sovereign coin

[ThankyouArt!]

Another follow up. Does that go for gold that is just in coin shape. Like a basic 1 ounce gold ‘coin’ and not like say a gold St George sovereign coin

Coins are different, regular gold has what is called a "melt value" or market value and that value is what it is. Coins are different......as you may imagine, there are collectors that value the coin. I am not a coin expert so I could never give any advice or values.......other then the general knowledge that coins can bring a premium over melt value. If you had simply gold for the melt market, you could just about go anywhere and sell it. You could call around to pawn shops and ask what they were giving for melt value. Coins is a different animal.

[blah3]

Cool real coins auction. ‘Melt’ coins whoever will take least cut/give best price/avoids tax issues

[ThankyouArt!]

Cool real coins auction. ‘Melt’ coins whoever will take least cut/give best price/avoids tax issues

The trick to selling any collectible is to get it in front of the right audience, the good thing about Gold and gold coins is that the audience for those items is always around. They are always seeking out gold coins. There are people that scour the internet looking to buy gold coins. There's a site called Auction Zip .com, if you are not familiar you plug in your zip code and it will show you a list of auctions in your area, along with pictures of what is in that auction. Incredibly useful for collectors.......cuts down on a lot of time looking for particular items.......such as gold coins.

[jonboy79]

The trick to selling any collectible is to get it in front of the right audience, the good thing about Gold and gold coins is that the audience for those items is always around. They are always seeking out gold coins. There are people that scour the internet looking to buy gold coins. There's a site called Auction Zip .com, if you are not familiar you plug in your zip code and it will show you a list of auctions in your area, along with pictures of what is in that auction. Incredibly useful for collectors.......cuts down on a lot of time looking for particular items.......such as gold coins.

Precious metals are essentially impossible to be completely unable to unload and obtain value for.

There will always be a fertile market in and around spot value. Being able to buy below that, and unload above or buying and holding are the investment strategies that make or break.

During the “boom” I worked(not directly invested, commissioned “sales” - actually purchase. Even in the height, we were able to buy silver in coin/bullion fashion as low as 80% of spot. Gold was typically trading hands 90%+\- of spot.

It’s a fantastic hedge against inflation.


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[blueridgemtnman]

Precious metals are essentially impossible to be completely unable to unload and obtain value for.

There will always be a fertile market in and around spot value. Being able to buy below that, and unload above or buying and holding are the investment strategies that make or break.

During the “boom” I worked(not directly invested, commissioned “sales” - actually purchase. Even in the height, we were able to buy silver in coin/bullion fashion as low as 80% of spot. Gold was typically trading hands 90%+\- of spot.

It’s a fantastic hedge against inflation.


Sent from my iPhone using Tapatalk

Agreed. Coins are fun, but WTSHTF, it's all about the gold contained and artificial value placed on coins can diminish. Coins are worth what some collector will pay you for it, or numismatic value. I love coins, have quite a few, mostly silver, but they're just not for me, at least not investment-wise. Personal opinion, only.

"The main difference between gold coins and bullion is that bullion gives you more gold for your money. Coins often carry additional premiums due to their collectible value, design, or historical significance, which can increase their initial cost."

[ThankyouArt!]

Precious metals are essentially impossible to be completely unable to unload and obtain value for.

There will always be a fertile market in and around spot value. Being able to buy below that, and unload above or buying and holding are the investment strategies that make or break.

During the “boom” I worked(not directly invested, commissioned “sales” - actually purchase. Even in the height, we were able to buy silver in coin/bullion fashion as low as 80% of spot. Gold was typically trading hands 90%+\- of spot.

It’s a fantastic hedge against inflation.


Sent from my iPhone using Tapatalk

Thanks for some clarification, I don't hoard gold myself......or collect coins. I do have some gold coins for "just in case". If there ever was a collapse gold coins would always be a way to execute commerce.

[jonboy79]

Thanks for some clarification, I don't hoard gold myself......or collect coins. I do have some gold coins for "just in case". If there ever was a collapse gold coins would always be a way to execute commerce.

Krugerands are perfect. It’s a commodity; it’s not an intrinsic value, simply an ounce of fine gold in a convenient and known form.


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[blueridgemtnman]

Krugerands are perfect. It’s a commodity; it’s not an intrinsic value, simply an ounce of fine gold in a convenient and known form.


Sent from my iPhone using Tapatalk

[blueridgemtnman]

Precious metals are essentially impossible to be completely unable to unload and obtain value for.

There will always be a fertile market in and around spot value. Being able to buy below that, and unload above or buying and holding are the investment strategies that make or break.

During the “boom” I worked(not directly invested, commissioned “sales” - actually purchase. Even in the height, we were able to buy silver in coin/bullion fashion as low as 80% of spot. Gold was typically trading hands 90%+\- of spot.

It’s a fantastic hedge against inflation.


Sent from my iPhone using Tapatalk

On a nice run right now. All time high.

[blueridgemtnman]

Check out the six-month chart on PLTR.....

https://www.google.com/search?client...UTF-8&oe=UTF-8

[2bynight]

Check out the six-month chart on PLTR.....

https://www.google.com/search?client...UTF-8&oe=UTF-8

Its a sick chart. I can see it going to 200. The PE is crazy but I believe they are unique.