KevinFlynn

If there is one thing screaming Gold, it is the 50 Pesos. Primordial.

Going through the discussion I realized myself chewing on three aspects: To differentiate my emergency funds from my savings or investing efforts. Being clear on that emergency funds means currency in a savings account only. Assessing what kind of emergencies could happen to me. I'm living an urban lifestyle, no house, no car, no family. The most valuable items that could break down are my notebook, smartphone, washing machine, dryer. Then to bridge an aforementioned job loss in this era of insecurity, or prolonged illness on a lower income. And last, me not being used to holding a larger sum of money as currency in a savings account, the majority of my portfolio being in gold and stocks. So needing to fight an uncomfortable feeling. Leading me to calculate a gap in funds from unemployment benefits or sick payments for six months, or three months of no income at all. Go with the higher sum, keep it in a savings account, don't touch it. Keep my normal savings rate towards my portfolio.

Thanks for the input. I take from your answers that I need to think of different type of emergencies. So far I was thinking about an illness, job loss type of situation where I wouldn't earn enough or no funds to cover my expenses. I'll now add the emergency that needs a whole lot of money NOW (and what kind of scenarios that could be). On liquidity, I'm pretty sure I'd always be able to turn gold into cash within one work day. Having cash in hand and electronic cash available, I would hope to be able to take that time. Given that I wouldn't keep that sum in cash at home, same as not keeping a larger amount of gold at home, I would need the chance to reach my safety deposit box anyway. Of course, the most liquid would be transferable funds in a savings account - it would just feel so 'uncharacterstic' to have that large a sum sitting around as currency 😏

Most investment advice tells us to hold 3 to 6 months worth of expenses/salary in liquid savings, like a savings account. Personally, would you hold part of this in precious metals? I will use some extra funds coming my way and will divert parts of my monthly invest into that non touchable emergency fund, and am thinking about dividing into One month salary in cash An ounce of gold per month The rest into a savings account

Today I received - actually, added to today... What I accumulated in Gold Mark Kaiserreich this year so far - I will get this to an ounce fine (four 20 Mark and one 10 Mark coins).

So, I recently got a Saint-Gaudens Double Eagle coin, as shown here It's basically about the weight and size of a modern one ounce bullion coin, but this used to be currency. I'm not new to historical coinage, but the heaviest I am used to are 20 Mark Kaiserreich, which are roughly quarter ouncers. Now I'm trying to wrap my head around the relative worth of this coin back then and the sum of money it represented. A lot I would think. Would these have been handled in day to day business?

Saint-Gaudens Double Eagle A little worn around the edges, but not too shabby for a hundred years old...

Let me review what changed over the last two years: Primary wealth conservation or risk distribution stack One ounce standard bullion leaning towards American Eagles at the moment. Fractional coins Gold 20 Mark Kaiserreich Gold Vreneli 20 Franken Still valid, 20 Marks and Vreneli are easily affordable and bought. Have become my go to for fractionals. On Silver Maria Theresien Taler I cannot be bothered to hunt down cheap ones. Speculative stack On Silber, I stopped buying physical silver due to VAT. I am putting money into digital silver, as in ETCs and mining stock. Sitting on two Platinum Nobles, beautiful coins, waiting for a correction. Collectible stack My Silver Queen's Beasts set may be a keeper. Recently looked into selling my Silver Queen's Beasts spares (nothing too fancy). I doubt I'll go into collectible anymore. Odds and ends Silver bars (poured) Silver junk What I said about silver above.

Nobody will ever know what I do to my coins when no one is looking... 😁 On topic: If you have ever seen how your local bullion dealer handles coins you will realize that pristine condition is an idea reserved for investors that put too much thought into it. Will a collectors' value ever be realized? Isn't it like with a Rolex, that no one ever wants to be the person paying the theoretical collectors' value?

2023 already?

I'll sell when silver went to the moon and shift the sum into gold, maybe part into another asset class. Selling for cash makes sense for me when I either need money (shouldn't be), reach my endgame, which is essentially needing money during retirement, or can realize and reinvest a solid profit.

Wow, many thanks 👍 Yes, I still have them, they are nothing that I would give away. I talked to my mother in the meanwhile - our family friend was a regular visitor to the Americas, which makes sense in this context.

As I see it, gold is better for wealth protection. And platinum is not any more a gamble than silver. I think of it as a curiosity, as speculative as silver, but with more upward potential than silver. Nobles are very nice coins - I posted some Nobles pictures around here about a year ago.

If you can you Google translate this: https://www.gold.de/kaufen/platinmuenzen/isle-of-man/#informationen Very nice coins btw.

Cost averaging. But with silver I went digital to avoid VAT and premiums.