Nick1368

There are risks with all investments and plenty of warnings.
When things are running smoothly and your portfolio is rising you can become smug, but without warning, something crashes knocking out all or most of your gains.
You must DIVERSIFY and spread your wealth into several different products.
Never place all your investments into the same basket as at some point you may be hit with a disaster that was not predicted.
There are few experts that get it right all the time so stick to well known products whilst checking fees which can have a big negative affect over time.
If you are a stacker then the general advice is not to have more than 20% of your total assets in PMs.
PMs are in the commodity class meaning high risk.
Everyone knows that high risk also translates to potentially high gains but also potentially high losses.
Another tip is never find yourself HAVING to sell.
PMs will fluctuate and you need to ensure you have cash or other funds in case you have the unexpected need for money.

nearly there 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

the life of a gold stacker 😂 when it goes down you panic, when it goes up you get annoyed because you have to pay more to buy the coin you've been planning to buy.
 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

New addition to my collection ☺️😍😉 

New addition to my collection ☺️😍😉 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

New addition to my collection ☺️😍😉 

New addition to my collection ☺️😍😉 

I am sorry to hear you had a bad experience with gold and I think you did the right thing by selling them all to a dealer without stressing yourself anymore than this, you weren't having fun with it, it wasn't for you.
But don't expect any sympathy from the members of this forum, because as far as I undesrtand everyone here is obsessed with gold and so upset that all those nice coins ended up with a big dealer, soon the same exact coins will be sold for a lot more than what you got paid for them and we are all going to have lion and griffin nightmares tonight 😆😫
I am new to gold stacking myself but unlike you I'm absolutely loving this journey, since I started buying gold I never thought that I made the wrong decision, I can't wait for the next opportunity to arrive to buy more gold and when I buy a piece of gold I am already having an eye on the next one.
if the time comes when I am desperate for cash then I will have to sell but other than that I don't see any reason to sell my gold or even silver.
economy crash, Brexit, uncertainty , PM price going up and down are not good enough reasons for me to sell, I guess I am just too attached to my gold 😂
I joined the forum before I bought anything and the amazing members of this forum helped me a lot, there are so many intelligent people here who will give you the best advice, you just need to ask, I learn a lot from this forum every single day.
anyways I wish you the best of luck with your next investment and I'm sure you have learnt a thing or two from this experience.

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

@Abyss the UK is a big exporter of gold. The bars go to Switzerland where they are refined into 1kg bars which get shipped to Asia. Gold forms a large part of the non-EU export trade. So coming out of the EU won't make any difference to this. It will be priced in USD.
At the moment gold miners are at best treading water. They are not making profits. Quite a number are losing money at current prices. They have been helped a bit by the lower oil price. Many have a lot of debt which is why they cannot make a profit at the moment. Gold mining becomes completely uneconomic at $1000. A $700 gold price is just mind boggling. You would never be able to buy an ounce of gold for $700 whatever the paper price might be.
We should remember that following 2008 the central banks cranked up the printing presses. We have had QE to infinity. We should remember that gold is money. The real rate of inflation in the large US cities over the last 5 years has averaged between 7 and 12%. In Californian cities in the last 5 years the cost of living has gone up 60%. Fiat currency is worth 60% less than 5 years ago on the West Coast. www.chapwoodindex.com  This is why the price of gold is in reality ridiculously low b/c it is money and fiat 'money' after multiple rounds of QE is rapidly being inflated away to nothing.
The only way the price of gold could get to $1000 and lower is for the physical and paper markets to become totally disconnected. Then the COMEX is the future price of paper and has no relation to physical gold.

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊
 
 

And from Austria!

Early Christmas present from the girlfriend's mother 😍😍 
it is such a great feeling to receive gold as gift 😊