Soldato
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Neither did I, but it explains how silver nodes spawn in WoW.
Buying gold & silver?
- Thread starter tres
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Soldato
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SIlver and Gold are long term investments really, if you look at it like that then its rarely ever a bad time to buy either (always buy silver without the VAT though)
Soldato
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Yes, generally for sellers with low/no feedback you would send first, I've never had a single issue with either other than the RMSD cost eating into pricing!
Avoid the VAT as in 'Keep it in storage' ?
Soldato
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Don't purchase new.
Edit. For example from Atkinsons or Chards you can generally find their pre owned CGT free (I generally don't worry about this for silver though) royal mint random year/type coins for between £71-£72, second hand these go from anywhere between 75-85 and new direct from the royal mint you can expect them to be £91+ This is at todays prices.
Certain coins/bars go for much more than others depending on desirability, rarity, design etc. Perth Mint Dragon Bars for example, or the Norse God Ranges from Royal Mint and now Germania Mint. You can then get the crazy items such as the KOMSCO Heraldry weapons https://agaunews.com/silver-sword-of-st-gabriel/ 2.5oz of pure silver beauty.
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ah, unfortunately the prices still very much reflect those with VAT added.
Ive bought some 2nd hand and the saving isnt great.
Soldato
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That's largely due to the bullish market and the heavy premiums, coins sell on the silver forums in minutes at the moment. There is a huge shortfall of silver production compared to demand and the actual value of silver is far greater than the 55-60 per oz spot price currently.
I collect mostly so i'm not too worried about the price, its long term investment for me and I have lots of overpriced pieces (all the KOMSCO heraldry weapons, shield stackers like https://agaunews.com/the-most-beaut...france-is-coins-todays-latest-shield-stacker/ etc). To me its something to leave to my children, not something I want to cash out at any point.
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yeah, im very much trying to collect and when it comes to retirement in 25-30yrs just sell up.
I actually took my own advice that day (15th dec), and thus far it's worked out rather well, up 30%.
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Soldato
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I don't think you are likely to see any significant dip in the gold price. The gold price is reflecting real inflation and systemic risks in the banking sector, both of which are likely to continue to get worse. It's not that gold is going up, it's that the real value of the dollar is going down. It should be remembered that the dollar is a form of credit, as is a gold ETF, whereas physical gold is money. Possession of physical gold or silver is the ultimate way to protect yourself against systemic credit risks in the banking sector, although clearly it is less convenient in terms of arranging purchase and storage.
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Soldato
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Used to be some classic advice along those lines. I think we've all forgotten it, I never heard it spoken but around ww2 or earlier it was something people did. Buy a sovereign every year you work and you wont be a pauper in retirement, its just advice that has been true for centuries. As always we manage to screw up the money supply, trillion dollar deficits as politics is not a good custodian of an economy. seems relevant:
You can collect anything. Copper coins, aluminium, lead is valid and my scrappy rusting old car doubled in value lucky me. Tin foil I think is 20 quid for 1 ton so good luck with that
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Killing it bro
looking better now i have over 10k shares now over 50 Canadian cents
No they aren't.
Global equities are long term investments. Gold and Silver have no mechanism to support continued growth, and like all commodities their prices can vary wildly.
Just look at how long gold prices took to recover form the 1980s peak. Worse still, there was no gurantee that they ever would.
Gold is booming – but how safe is it for investors, really?
Trade wars and volatile markets have contributed to a gold rush, but investors shouldn't put all their eggs in this one basket, warn experts
www.bbc.com
Silver even more so. Silver is peaking due to industrial uses. As soon as supply and demand shifts silver could crash in price and never recover.
Gold can help imporve a portfolio diversifation and hedge against some risks like currency. It is slightly anti-correlated with global stocks, but not significiang enough to really help. Gold is not an investment, it ha no certain growth, no dividends, no income generation capability whatsoever, it purely hedges against inflation and improves diversification.
In black and white, annual rate of return since 1800:
- Gold 0.6%
- Stocks 6.7%
Soldato
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Record highs for both gold and silver today.
Both are 20% over the past 5 years year on year. You also fail to mention that silver/gold literally was money until the early/mid 1900s.
Your post is aimed at millions/billions in investment, the average person isnt raking in dividends from a diverse stock portfolio so the comparison is complete nonsense. However they can purchase some gold and silver coins as a store of wealth with returns exceeding that of it sitting in a bank at 0.5% (taxed)
The Lehman brothers thread is waiting your creation by the way, guaranteed income and safe store of wealth right there.
Compound annual growth rate of Gold from 1970 is 9.2%, Silver is 5%.No they aren't.
Global equities are long term investments. Gold and Silver have no mechanism to support continued growth, and like all commodities their prices can vary wildly.
Just look at how long gold prices took to recover form the 1980s peak. Worse still, there was no gurantee that they ever would.
Gold is booming – but how safe is it for investors, really?
Trade wars and volatile markets have contributed to a gold rush, but investors shouldn't put all their eggs in this one basket, warn experts
Silver even more so. Silver is peaking due to industrial uses. As soon as supply and demand shifts silver could crash in price and never recover.
Gold can help imporve a portfolio diversifation and hedge against some risks like currency. It is slightly anti-correlated with global stocks, but not significiang enough to really help. Gold is not an investment, it ha no certain growth, no dividends, no income generation capability whatsoever, it purely hedges against inflation and improves diversification.
In black and white, annual rate of return since 1800:
- Gold 0.6%
- Stocks 6.7%
Both are 20% over the past 5 years year on year. You also fail to mention that silver/gold literally was money until the early/mid 1900s.
Your post is aimed at millions/billions in investment, the average person isnt raking in dividends from a diverse stock portfolio so the comparison is complete nonsense. However they can purchase some gold and silver coins as a store of wealth with returns exceeding that of it sitting in a bank at 0.5% (taxed)
The Lehman brothers thread is waiting your creation by the way, guaranteed income and safe store of wealth right there.
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Soldato
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- Stanley Hotel, Colorado
The guarantee is constant inflation, bit cynical but unfortunately correct. Giant deficits dont indicate we'll change any time soon. The last time we swapped inflation for deflation with lower prices and p.a. higher money worth was a century or more ago and as said the cash was exchangeable for gold at that time. Honest budgeting like that is long gone