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Oligarch

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  1. Gold is a hedge against currency debasement. If the euro "crashes" doing so means it is losing value against other currencies, notably the dollar, and -- all else equal -- gold.
  2. Thanks again, this is all super helpful. Another question is that I'm seeing some sets of special/commemorative coins being offered at a premium of <5% on the gold content. While I know most commemorative coins are often a rip off, is it fair to assume that I would be able to sell a commemorative coin for close (within 5%) to the gold content therein? I have in mind coins that are NOT sovereigns, etc. but rather nonstandard coins that are nonetheless being marketed by reputable dealers as low premium options for acquiring gold. My thinking is that the low premium makes them better value than sovereigns for investment purposes, and that I'm getting any numismatic value for free, which essentially gives a call option on the collectors' value if they ever become in demand as collectibles.
  3. Wondering what people's experience has been in the recent days with respect to shipments of coin orders from dealers on http://goldprice.eu5.net/ I see a number of them have posts from April or early May saying they were resuming shipments, but haven't seen more frequent updates. Thought it might be an idea to collect even anecdotal evidence of the state of logistics in the market in a thread.
  4. Thanks guys, this is all very helpful. It sounds like the dealers are checking even the used coins they sell out, such that there is no incremental benefit from buying only newly minted coins. And sounds like I should hold off on the Sigma for now. Someone mentioned being able to return suspect coins to a dealer. How does that work in practice? i.e., when they send the coins, do they specifically state the year of production or have some sort of photo inventory? I'm just thinking ahead to when I may have several dozen coins and find out at a later date that the coin is suspect how easy it is to go back and work something out with the dealer. Trying to understand how dealers establish which specific coins they sold in the absence of serial numbers etc. Thanks again for all your help!
  5. Just bumping this topic to see if there are any good options to buy bullion with Amex in the UK/US/Europe?
  6. Hi All, I'm a new member based in London. Found this site while looking for ways to put some money into gold as a safe haven during these trying times. That said I'm a history nut, and trying to resist the temptation of the numismatic rabbit hole!
  7. Hi All, I’m new to the forum, and interested in purchasing gold coins for the first time given my bullish view on the gold price. I’m finding it a bit overwhelming given the current bullion shortage and delivery disruptions in the UK (I am based in London). While I’ve read through a number of posts on this forum and articles elsewhere online, I would appreciate some feedback on the questions below. Based on what I was reading, I am thinking of focusing on gold sovereigns for the CGT exemption and for ease of liquidating my holdings in piecemeal fashion in the future. 1) When it comes to resale, will there be any benefit from having a 2020 newly minted gold sovereign vs. older coins, such as those that Chards labels “secondary market”, “minty” or “C” grade? In the end, will a bullion dealer pay me the same for all of these, or will there be different offers for different coins? 2) If I don’t have a Sigma testing device, is it safe to buy coins that are not newly minted 2020 sovereigns from the bullion dealers on http://goldprice.eu5.net/ ? 3) Are there any good alternatives to a Sigma device readily available? As far as I can tell, Sigma devices are hard to come by these days. I’m looking to invest over time, so am happy to pay for a device or some up front premium on the coins themselves if either would eliminate the risk of fakes. 4) If I'm looking to buy coins for investment purposes only, does it matter whether I store them in a tube or in individual capsules? Happy to pay more for storage media if it helps resale value, but also don't want to bother with cumbersome packaging if there is no practical financial benefit. Thank you in advance for suggestions on how to acquire genuine gold coins in the current environment.
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