goldmember44

Ahh... yes... the more wealth we have, the more worries... very very true.

The thing with holding physical gold is, the only risk there really is, is if someone steals your goods. Prices may go up and down, but because you own the gold, you will never receive a margin call from a broker, wanting more cash to maintain your gold holdings... hence if you are in it for the longer haul, it is a nice and peaceful investment, you don't have to lose sleep over it. I certainly don't. If the price goes down, it makes me happy because then I can buy more gold for cheaper. And if it goes up... well then my net worth increases along with the gold I already own. So as far as I'm concerned it's a win-win scenario. Gold is also very liquid and you will always find a buyer for your gold, for more or less spot price, if you ever needed cash for an emergency. I remember when I dabbled in the stock market, I was a nervous wreck and watched the prices all the time.

TaDA!!

Another AWESOME deal/exchange  was done between myself and @Robjw - thanks Rob
and these 3 ladies landed today  - - -  ->>>
 
 

Isn't gold just beautiful? I could look at it for hours

WELL - having spent this months "pocket money" - @Pete allowed my to OWN this little beauty of a set -thanks Pete  👍
I Have spent nearly an hour this afternoon dribbling and drooling - - using triplet   😍🧐
So here we go  - - -  >>>
and DRUM ROLL!!!!!!!



Added 0 minutes later... bet you couldnt wait to see next post Ha Ha!🙄

The thing with holding physical gold is, the only risk there really is, is if someone steals your goods. Prices may go up and down, but because you own the gold, you will never receive a margin call from a broker, wanting more cash to maintain your gold holdings... hence if you are in it for the longer haul, it is a nice and peaceful investment, you don't have to lose sleep over it. I certainly don't. If the price goes down, it makes me happy because then I can buy more gold for cheaper. And if it goes up... well then my net worth increases along with the gold I already own. So as far as I'm concerned it's a win-win scenario. Gold is also very liquid and you will always find a buyer for your gold, for more or less spot price, if you ever needed cash for an emergency. I remember when I dabbled in the stock market, I was a nervous wreck and watched the prices all the time.

Basically, yes.
Until you hold a lot of it and you see swings of £1000 plus every day. Then you don't sleep so well.
It's human nature to convert those those swings into (worthless) goods.
I have my 'gurus' on the forum and I'm advised to hold, so I will.

i fully expect a return to some sort of gold backed currency system. We can see it in Asia. Governments buying gold at unprecidented levels as they move away from the USD. i hear plenty of rumours about the Chinese and Russians backing their currencies and State cryptocurrencies. i am involved in Kinesis which Indonesia is fully onboard with and is making it 'obligatory' to save in Kinesis and so save in gold.
There is a new dawn for precious metals. i will not be sitting on my hands - i will be more active than ever before. i see the selling section is very active like it gets when prices get high - it won't be a seller. i understand those who are selling - we have seen false dawns before and it was a prudent move to take some profits but not today i think. When the going gets tough, gold gets going. Recessions are good for real money - even deflation when the buying power of currency goes up in the face of falling asset prices. Gold initially fell in 2008 as we saw distressed sales and the necessity to liquidate assets to bail out crumbling paper asset positions. Then we saw QE gear up and the run up to 2011.
Have you noticed how gold gets a smack down and then quickly comes back - it wasn't like that before - we would have seen prices tumble for months. The world is changing. Gold is coming out of the shadows - we have seen the dawn of a golden age.

https://www.youtube.com/watch?v=iYuWlcLxCuE
GoldSilver (w/ Mike Maloney) Premiered Aug 8, 2019   Some scanned in documents when Mike bought Gold eagles $326 oz and then later on at $396 upset at the time when bought at $396 because it was close to the high price had to wait seven months before spot went back to that level and broke through it.   IMHO I believe Gold on a long term uptrend and saving in Gold for the next couple decades will be the right financial decision. Going to be many volatile moves in the price Gold and don't need the funds best to purchase and forget. All my physical Gold bullion safety deposit box out of sight out of mind safe and secure. I am not selling but by the same token not buying just sitting on the sideline waiting for opportunity to buy more.

Gold is a defensive play (protection) against currency devaluation and a lack of confidence in governments. In reality, things relative to gold rise or fall. When “a thing” falls, the value (rather than the price) of gold relative to that thing rises, but most people only focus on the number attached to gold in their own currency as an indicator, and naturally so.

Always wanted a spanish gold coin...


 
And a French coin full of symbology 

Under spot again!

i forgot: way under spot (£30+)

A few recent acquisitions. A big thanks to @fehk2001 for the 2018 sov and the lion. I got the valiant 1oz from another dealer... just got one to check it out. And I have to say... this valiant coin is an absolute beauty in hand... pictures don't really do it justice! And the obverse too, looks very shiny and unique compared to other coins. This is going to be a hit for the Royal Mint, I'm going to try to get a handful from the European Mint before silver becomes more expensive. Have to get the money  first lol...
 

Super Panda from @Agpanda today, really good to deal with.. 

A few recent acquisitions. A big thanks to @fehk2001 for the 2018 sov and the lion. I got the valiant 1oz from another dealer... just got one to check it out. And I have to say... this valiant coin is an absolute beauty in hand... pictures don't really do it justice! And the obverse too, looks very shiny and unique compared to other coins. This is going to be a hit for the Royal Mint, I'm going to try to get a handful from the European Mint before silver becomes more expensive. Have to get the money  first lol...
 

There's always light at the end of the tunnel. 
Im in the same boat, but there is money to be made out there. Get the fractionals of gold. 
 
Thanks @vand for the motivation and reassurance.
  
 
 
 
 
 

Very nice!! I've been looking for such a resource... and here it is. Well done!

Gold is still cheap...and so is silver.

Gold is still cheap...and so is silver.

Thanks @morezone

You know what Truman said about economists.

We amateur muggles may have different views but Martin Feldstein, a professor of economics at Harvard, was chairman of President Ronald Reagan`s Council of Economic Advisors and president of the National Bureau for Economic Research states - "Gold is a high-risk and highly volatile investment. Unlike common stock, bonds, and real estate, the value of gold does not reflect underlying earnings. Gold is a purely speculative investment. There is no way to know which it will be. Caveat emptor."

Actually, gold is low risk... the opposite. That's why during times of turmoil and uncertainty, investors pile into gold... it's a "safe haven". Gold is similar to cash, but not dependent on volatile exchange rates.
There was another guy who was scared of gold, In December last year I think, and he sold all his gold... ouch. 
Of course nobody has a crystal ball, and you may end up being right. Time will tell.