Liquidity: Have 1oz coins had their day?

[James32]

9 minutes ago, HonestMoneyGoldSilver said:

Buying gold is freezing the value of cash. In the future you can defrost the cash and buy the same things now as you could then

Pains me to say but this should be pinned for all newcomers. 

[treetop1280]

you laughing at fenlander 😀, i understand a bit of what hes saying  ffs😀- you now i struggle with numbers , hence this spot nonsense you all bang on about , iv told you a 1000s , time , not real , numbers on a nerd computer screen

[Fenlander1]

Not laughing at all

[treetop1280]

5 minutes ago, James32 said:

Pains me to say but this should be pinned for all newcomers. 

james , ( if i call you buy your first name - it means im being serious ,      i dont understand what you mean, thanks , regards ashley

[Gunnerwood]

Just now, treetop1280 said:

james , ( if i call you buy your first name - it means im being serious ,      i dont understand what you mean, thanks , regards ashley

Essentially it preserves the value. £1000 May only be worth £7-800 in a year or 2 but in that time £1000 worth of gold will appreciate and keep in line with inflation. If not better. It’s a great analogy IMO

[treetop1280]

2 minutes ago, Gunnerwood said:

Essentially it preserves the value. £1000 May only be worth £7-800 in a year or 2 but in that time £1000 worth of gold will appreciate and keep in line with inflation. If not better. It’s a great analogy IMO

thanks for the reply ,   so , no point having a savings account , maybe  buy the gold , instead , and just wait it out ,

[Gunnerwood]

4 minutes ago, treetop1280 said:

thanks for the reply ,   so , no point having a savings account , maybe  buy the gold , instead , and just wait it out ,

Perhaps not put all your eggs in one basket but it shows the value of gold. Look at the interest rate in savings accounts over last few years. What you have invested there and then compare if you had the same amount in gold and bought x amount the time years ago how much the price has increased and thus your profit. 

Edited January 16 by Gunnerwood

[treetop1280]

8 minutes ago, Gunnerwood said:

Perhaps not put all your eggs in one basket but it shows the value of gold. Look at the interest rate in savings accounts over last few years. What you have invested there and then compare if you had the same amount in gold and bought x amount the time years ago how much the price has increased and thus your profit. 

now that i understand , about the savings account , waste of time ,  and will probably lose and be worth less ,   thanks 

[Gunnerwood]

Anytime. Good luck with building your stack. 

[JohnA1]

2 hours ago, SeverinDigsSovereigns said:

If you think your coins are too big, here's some medieval wisdom

 

 

hacksaw is your friend?

[Fenlander1]

2 hours ago, SeverinDigsSovereigns said:

If you think your coins are too big, here's some medieval wisdom

 

 

Fractional at its best

[pricha]

These Political clowns we keep voting for are getting desperate as the fiat system is failing. The motorist is an obvious target. They are now starting to search dustbins to make sure the right rubbish goes into the correct bin otherwise a large fine ( surprise ) . Weeds are 12 foot high in the summer. Pensions unaffordable but elections to be won .. We can go on and on.  My point is someone with a large stash of newly minted 1oz 24kt coins may as well have a large X on their backs.... on the other hand that guy with a collection of very old Queen Vics is just an old eccentric coin  collector ? Just a thought?

Edited January 16 by pricha

[JohnA1]

2 minutes ago, pricha said:

..someone with a large stash of newly minted 1oz 24kt coins may as well have a large X on their backs.... on the other hand that guy with a collection of very old Queen Vics is just an old eccentric coin  collector ? Just a thought?

Anyone with valuable assets that they advertise may as well have a large X on their back.

Privacy is essential if the parasites are to be kept at bay.

What they don't know they can't try and grab

[treetop1280]

3 minutes ago, pricha said:

These Political clowns we keep voting for are getting desperate as the fiat system is failing. The motorist is an obvious target. They are now starting to search dustbins to make sure the right rubbish goes into the correct bin otherwise a large fine ( surprise ) . Weeds are 12 foot high in the summer. Pensions unaffordable but elections to be won .. We can go on and on.  My point is someone with a large stash of newly minted 1oz 24kt coins may as well have a large X on their backs.... on the other hand that guy with a collection of very old Queen Vics is just an old eccentric coin  collector ? Just a thought?

yes  pricha , now your talking- if the truth be told👍

[Gunnerwood]

8 minutes ago, JohnA1 said:

Anyone with valuable assets that they advertise may as well have a large X on their back.

Privacy is essential if the parasites are to be kept at bay.

What they don't know they can't try and grab

100%! Discretion is key!

[LemmyMcGregor]

42 minutes ago, treetop1280 said:

thanks for the reply ,   so , no point having a savings account , maybe  buy the gold , instead , and just wait it out ,

There is a place for everything. The way I see there is a place for gold, a place for physical cash and a place for a saving account.

For example, you need an emergency fund in case terrible hit the fun and you need them NOW, do you want to have it in gold? How quickly could you convert it? And when do you intend of using those funds? Is that something to save for your retirement or is it for a project in the next 6/12/18 months? Could you maybe get a better return in the short term just by shoving them in a saving account and save yourself the aggrievance of looking for gold for a good price, having it shipped and having to resell it a year down the line?

There isn't a magic answer, we all have different requirements, only you can find out how to match yours.

The best solution I can offer is to stop overthinking, deal with it one step at the time and tailor the plan as you go along.

[Gunnerwood]

1 minute ago, LemmyMcGregor said:

There is a place for everything. The way I see there is a place for gold, a place for physical cash and a place for a saving account.

For example, you need an emergency fund in case terrible hit the fun and you need them NOW, do you want to have it in gold? How quickly could you convert it? And when do you intend of using those funds? Is that something to save for your retirement or is it for a project in the next 6/12/18 months? Could you maybe get a better return in the short term just by shoving them in a saving account and save yourself the aggrievance of looking for gold for a good price, having it shipped and having to resell it a year down the line?

There isn't a magic answer, we all have different requirements, only you can find out how to match yours.

The best solution I can offer is to stop overthinking, deal with it one step at the time and tailor the plan as you go along.

This 👆🏼

[Kitalon]

10 minutes ago, pricha said:

These Political clowns we keep voting for are getting desperate as the fiat system is failing. The motorist is an obvious target. They are now starting to search dustbins to make sure the right rubbish goes into the correct bin otherwise a large fine ( surprise ) . Weeds are 12 foot high in the summer. Pensions unaffordable but elections to be won .. We can go on and on.  My point is someone with a large stash of newly minted 1oz 24kt coins may as well have a large X on their backs.... on the other hand that guy with a collection of very old Queen Vics is just an old eccentric coin  collector ? Just a thought?

And don't forget the pot holes! I was thinking what if you put the price of a Tesla into gold instead, that wouldn't be a bad direction to take. But yes I'm totally with you about the eccentric coin collector, except it's £25 proof commemoratives within 10% of spot for this one. 😉 Of couse I would love a 1 oz coin, who wouldn't right now, be mad not to. I will most definitely get the 2023 KCIII Cornonation Cyper 1oz BU and 1/4 ozs as well.  Quarters seem to make more sense to me for the longer term liquidity, plus it's easlier to add up the ounces. Now, I just need to get a pirates chest to put all my treasure in to. 😆

[JohnA1]

I believe in having 3-6 months worth of basic expenses in cash or cash equivalents.

Failing to have this buffer will force you to sell PMs at a loss, even avoid interesting opportunities because you feel short-term insecurity.

Build the buffer first, have basic necessities at hand if SHTF, PMs come afterwards..

[Kitalon]

21 minutes ago, JohnA1 said:

Anyone with valuable assets that they advertise may as well have a large X on their back.

Privacy is essential if the parasites are to be kept at bay.

I think it is a very serious point. Also highlighed by the Backing Up the Lorry thread. Crime is rising! People are getting mugged in their cars outside jewellers, coin shops are getting ram raied, personal homes are being broken in to. We shouldn't be complaicant about such things. My first rule in owning gold is 'Never talk about gold!' (except anonymously in forums of course).

[JohnA1]

4 minutes ago, Kitalon said:

...My first rule in owning gold is 'Never talk about gold!' (except anonymously in forums of course).

Pseudo-anonymously

[treetop1280]

sounds like everyone knows what they are talking about

sounds like "every ones making it big but me "   1st one to name the band , fenlander will give a 1ounce yellow queens freak coin to the winner😀

[Fenlander1]

7 minutes ago, treetop1280 said:

sounds like everyone knows what they are talking about

sounds like "every ones making it big but me "   1st one to name the band , fenlander will give a 1ounce yellow queens freak coin to the winner😀

You been smoking again

[Bigmarc]

43 minutes ago, LemmyMcGregor said:

There is a place for everything. The way I see there is a place for gold, a place for physical cash and a place for a saving account.

For example, you need an emergency fund in case terrible hit the fun and you need them NOW, do you want to have it in gold? How quickly could you convert it? And when do you intend of using those funds? Is that something to save for your retirement or is it for a project in the next 6/12/18 months? Could you maybe get a better return in the short term just by shoving them in a saving account and save yourself the aggrievance of looking for gold for a good price, having it shipped and having to resell it a year down the line?

There isn't a magic answer, we all have different requirements, only you can find out how to match yours.

The best solution I can offer is to stop overthinking, deal with it one step at the time and tailor the plan as you go along.

You seem to know your stuff. 

Are trusts still a thing or are they a old fashioned concept? I need to look into something with some exposure to metals but no physical. 

[treetop1280]

2 minutes ago, Fenlander1 said:

You been smoking again

no im working , on flea bay ,  thats why im on here talking shixt ,   amd listening to dr hook ,