FoolzGold

Only just seen this thread...
So back in April 2017 @Glorfindel came asking for advice on what gold bullion coins to buy, was offered great advice as far as I can see, and bought some great long term investment coins.
I note that @Lea79 made the specific note that the best coins to buy depended on "what your exit strategy is", noting that if you intend to sell to a dealer you should buy the cheapest coins. Seems that this advice was ignored... but I digress.
Anyway, since the purchases were made around about 14 April 2017 the gold spot price has dropped from around £1026 to £968 or so on Friday, a fall of around 5.65%.
However, the value of those Queen's Beasts coins that were recommended buys has gone up dramatically in the meantime.
A Griffin bought back then probably cost 5.5% over spot, so around £1,082. Today the same coin is sold by dealers at 50+% over spot. A link earlier in the thread showed one well-known dealer in Germany offering 29% over spot to buy Griffins. That's £1249 for a coin he probably paid £1082 for - a 15% gain in gain in 20 months. 💰
There's a lot to be learned from this experience but the takeaway should be you sought advice before buying, were given good advice, made a good investment, were making a healthy profit overall from your investment, then panicked and - without seeking advice about selling - sold it in the wrong way, turning a guaranteed profit into a loss.

Only just seen this thread...
So back in April 2017 @Glorfindel came asking for advice on what gold bullion coins to buy, was offered great advice as far as I can see, and bought some great long term investment coins.
I note that @Lea79 made the specific note that the best coins to buy depended on "what your exit strategy is", noting that if you intend to sell to a dealer you should buy the cheapest coins. Seems that this advice was ignored... but I digress.
Anyway, since the purchases were made around about 14 April 2017 the gold spot price has dropped from around £1026 to £968 or so on Friday, a fall of around 5.65%.
However, the value of those Queen's Beasts coins that were recommended buys has gone up dramatically in the meantime.
A Griffin bought back then probably cost 5.5% over spot, so around £1,082. Today the same coin is sold by dealers at 50+% over spot. A link earlier in the thread showed one well-known dealer in Germany offering 29% over spot to buy Griffins. That's £1249 for a coin he probably paid £1082 for - a 15% gain in gain in 20 months. 💰
There's a lot to be learned from this experience but the takeaway should be you sought advice before buying, were given good advice, made a good investment, were making a healthy profit overall from your investment, then panicked and - without seeking advice about selling - sold it in the wrong way, turning a guaranteed profit into a loss.

Dear Classic Car forum,
20 months ago I bought a nice vintage Jaguar based on the advice I got on this forum.
This morning when I woke up I saw a headline in the paper that said, "Vintage Car Market Down 5% (but Jaguars up strongly)" so what with Brexit and everything, I jumped in my motor and raced to the nearest scrap metal merchant to sell the car.
The proprietor said to me, "Mate, are you sure you want to sell this for scrap? You know I'm only going to take it to a vintage car auction and sell it for a fortune, right?"
To which I replied, "My good man, I have no time for your questions and advice! Brexit, man! Brexit!"
So he gave me 50 quid and I'm glad I got out of this terrible classic car market when I did. I may buy again, but only if the price of all vintage cars falls by 50%.

Dear Classic Car forum,
20 months ago I bought a nice vintage Jaguar based on the advice I got on this forum.
This morning when I woke up I saw a headline in the paper that said, "Vintage Car Market Down 5% (but Jaguars up strongly)" so what with Brexit and everything, I jumped in my motor and raced to the nearest scrap metal merchant to sell the car.
The proprietor said to me, "Mate, are you sure you want to sell this for scrap? You know I'm only going to take it to a vintage car auction and sell it for a fortune, right?"
To which I replied, "My good man, I have no time for your questions and advice! Brexit, man! Brexit!"
So he gave me 50 quid and I'm glad I got out of this terrible classic car market when I did. I may buy again, but only if the price of all vintage cars falls by 50%.

Dear Classic Car forum,
20 months ago I bought a nice vintage Jaguar based on the advice I got on this forum.
This morning when I woke up I saw a headline in the paper that said, "Vintage Car Market Down 5% (but Jaguars up strongly)" so what with Brexit and everything, I jumped in my motor and raced to the nearest scrap metal merchant to sell the car.
The proprietor said to me, "Mate, are you sure you want to sell this for scrap? You know I'm only going to take it to a vintage car auction and sell it for a fortune, right?"
To which I replied, "My good man, I have no time for your questions and advice! Brexit, man! Brexit!"
So he gave me 50 quid and I'm glad I got out of this terrible classic car market when I did. I may buy again, but only if the price of all vintage cars falls by 50%.

Only just seen this thread...
So back in April 2017 @Glorfindel came asking for advice on what gold bullion coins to buy, was offered great advice as far as I can see, and bought some great long term investment coins.
I note that @Lea79 made the specific note that the best coins to buy depended on "what your exit strategy is", noting that if you intend to sell to a dealer you should buy the cheapest coins. Seems that this advice was ignored... but I digress.
Anyway, since the purchases were made around about 14 April 2017 the gold spot price has dropped from around £1026 to £968 or so on Friday, a fall of around 5.65%.
However, the value of those Queen's Beasts coins that were recommended buys has gone up dramatically in the meantime.
A Griffin bought back then probably cost 5.5% over spot, so around £1,082. Today the same coin is sold by dealers at 50+% over spot. A link earlier in the thread showed one well-known dealer in Germany offering 29% over spot to buy Griffins. That's £1249 for a coin he probably paid £1082 for - a 15% gain in gain in 20 months. 💰
There's a lot to be learned from this experience but the takeaway should be you sought advice before buying, were given good advice, made a good investment, were making a healthy profit overall from your investment, then panicked and - without seeking advice about selling - sold it in the wrong way, turning a guaranteed profit into a loss.