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Basileus

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  1. Like
    Basileus reacted to GoldDiggerDave in Gold Monitoring Thread £ GBP only   
    I’ve got a few grand in gold, just need to trawl the internet for scenarios that will make my gold worth millions……….
    The fact for most people with gold.
    Most can’t hold enough in terms of percentage/value of gold  vs their exposure to inflation. 
    Every Tom Richard and Harry can show off graphs showing percentage, fact, figure and projection. 
     
    Take someone with a mortgage or rent that’s gone up only £250 per month, (for some it’s way higher) that’s £3,000 per year.
    allowing for the rise and fall of gold in recent months we could have made let’s say £70 per oz in the real world. 
    You would need to have 42oz in gold buy and sell at the right time just to cover what your mortgage has gone up,  factor in energy bills, food etc to cover a years worth inflation you would need to be buying and selling about 130oz+ of gold. 
     
    so if you have normal family exposure to inflation then you need 200k+ of gold and be buying and selling at the right times just to cover the rise in cost of living also need to consider there’s no yield with physical gold. 
     
    Not dancing on any dreams and hopes just cutting thought some of the utter BS that’s being posted on this thread. 
     
    There’s a lot of advantages with gold, but just simply holding some doesn’t automatically make you rich. 
    P.S I bet those cribbing over £5-£10 on the price of gold are wasting more than that on take away coffee and pre packed sandwiches per year….🤣
     
     
     
     
  2. Like
    Basileus reacted to Silverlocks in Opinion on Grading   
    In that case, you're making the presumption that grading will add value long-term.  This may or may not be the case - the rare coins market has had one major collapse in the 1980s, and there's no particular reason why it couldn't happen again.  Also, the 'top pop' fad may or may not last, so it's also not necessarily true that grading will add long-term value to the coins. I can't say for certain whether it would or would not add lasting value, but this is a presumption based on current market conditions that may not be sustained long-term.
    Having said that, it's not a huge outlay to get them graded, and the slabs will act to preserve the coins.
    If you're going to hold them, you might be better off just doing that and then grading them for sale when you want to flog the coins.  Make sure the packaging you've got them in is PVC-free (more important with silver than gold), and move them to something appropriate if needed.
  3. Like
    Basileus reacted to Simmoleon in Gold Coin Proves 'Fake' Roman Emperor was Real - Ancient News   
    This coin is now the subject of a number videos by Guy de la Bédoyère questioning its authenticity. As a collector of Roman coins, I agree with Guy’s conclusion that there is so much wrong with this coin that it’s almost implausible that it represents a ‘lost emperor’ - living in the UK in which we have Roman Usurpers minting coins, I have never see such a ridiculous legend especially on a gold issue. I have bronzes from the UK and other issues from short lived emperors from all over the Roman Empire and not a single coin is blundered like this coin. The new evidence is just too questionable to be accepted by the wider community. The Romans could get coins wrong but this coin is too un-Roman to be Roman but is a copy of a Roman republic issue and LRB but done really badly. 
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