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ank
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Posts posted by ank
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yes it's an interesting video. I was a kid when Romania had hyperinflation, but I remember my parents loosing a lot during that period.
German DMs were quite popular back then, it was pretty common to buy DMs to preserve some of the money value
Romanians got screwed over so many times after the 90s. I remember where I grew, almost all people owned land. They were duped into selling it for almost nothing, something like 1 hectar for 100 euros in todays money. Value today is over 10k euro and rising...
Not really worried about local hyperinflation, because chances of that happening again are quite small, and even if it did happen I wouldn't be affected that much because I work for an external company and I am not paid in our local currency.
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Yes, but I have a job and I do have to spend what I earn on something. Keeping it all in the bank is probably not a good idea
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Thanks. The reason I was thinking to buy physical gold (or perhaps other precious metals) is strictly to have some kind of "backup" in case that something bad happens, not collecting or anything like that. The most I would spend at the moment is 5000 euros, so I guess that would be just 2 standard gold coins..
You are right, in case of total collapse these coins would probably buy a few sheets of toilet paper, but it's still better than nothing
I considered other options too, I bought some stocks using Revolut, and have some cash at hand as well. And I thought that having some gold as well would be a good idea
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Hello,
I probably ended up on this forum due to the latest panic videos on youtube
but aside that, it's a good opportunity to get some info regarding buying physical gold/silver..
So, what coin would you suggest someone to buy considering the following requirements:
- coin price has to be close to market price of the metal its made of
- coin can be sold at any time at more than 95% of the market price of the metal its made of
- coin could be traded for basic goods in case of a shtf situation
I browsed celticgold and europeanmint websites, and saw that only gold coins checks the first one, because silver coins are sold at almost double the market price of silver for some reason.
Also buy back on some gold coins is close to 95% of the listed price. So I guess the only option is gold, but which coin would you recommend and why?
What to buy (total noob)
in Gold
Posted
I get paid mostly in SEK and a smaller percentage in EUR. And yes, Romania does not use Euro, at least not for local salaries ...but most goods and services are aligned to Euro unfortunately.
you mean this coin? https://tavex.ro/aur/1-uncie-viena-filarmonica-moneda-din-aur/
unrelated, maybe a stupid question.. but I am curious, how does someone make sure that a gold coin is really gold in the correct weight? Does it all come down to trust, or is there some other non-destructable way to check? I know there are some chemicals for verifying gold, but they probably don't work with thick plated material.