/r/Gold
Thanks in advance :)
How much value do gold chains typically keep? I’ve been buying silver and haven’t purchased any gold yet but was thinking of buying this chain to start my gold journey lol.
Am I stupid?
Did they actually circulate?
Would love this coin.. anyone know where I can find one!?
Finally got a Franco. 14 year old me would be proud
I'm looking for some advice on trading gold
Looking to get a chain. My local pawn shop has a 14k solid Cuban weighing 52 grams for $3300 out the door. Researching it looks like it’s a fair price against new but met price would be a loss. I’m just trying to make sure it’s a good deal before getting my first piece. Any help is greatly appreciated.
I have a au58 10$ gold piece and a raw 5$ Indian I was told the Indian is a au58 and not worth grading so my question is should I crack the 10$ out of the slab and add to gold bag or keep it slabbed
This came up in another topic discussing physical gold ETFs.
Just wondering what your view are on counterparty risk with authorized participants. Would this bother you, and could it be avoided by buying a gold mutual fund instead?
"He added: “Unlike physical gold, ETFs have counterparty risk, because there’s a possibility that the other parties, such as the Authorized Participant (AP), the trustee or others, may default or fail to uphold their part of the agreement.”
Barisheff argued that, with the recent increased popularity of ETFs, many investors assume they are like open-end mutual funds, but with much lower management fees, and that “Wall Street has become generous”. Investors need to understand the difference, he said, to realise the benefits of an open-end mutual fund trust, such as the BMG mutual funds."
"This matters because investors naturally expect custodians to be properly regulated. It also matters because the bullion market settles through a separate entity called London Precious Metals Clearing Limited (lpmcl.com) owned by five LBMA members, including the two custodians for GLD and SLV. LPMCL is therefore at the heart of the London bullion market.
Because the bullion market in London is over-the-counter, bullion banks are exposed to counterparty risk, unlike traders on a regulated market. And if a big bullion bank fails, which is certainly possible in a global banking crisis, all the bullion held by the members of the LPMCL both for themselves and their clients could become available to central banks managing the crisis through the Bank of England.
In a systemic meltdown it may be naïve to expect central banks to fully respect property rights. So GLD and SLV are only suitable for investors prepared to accept a lower standard of custodial regulation, and who look to benefit from a rising gold or silver price until they decide to take their profits. They are definitely not for those seeking a safe haven or hedge from a financial crisis."
I feel like a traitor, but I just really love the looks of Kangaroos, pandas, and maples. Those are the three most attractive coins in order in my opinion. Maples might be 1st if they didn't have chuck on the back.
Hopefully many more to come
Bought for my kid for when she’s older. She likes to play monopoly. Yes the premium sucked, but no ragrets
Should I trade scrap jewelry I got which is how currently I have a small stash or get coins or bars? Looking for opinions and reasons why.
Back in stock!
Does IAU store its gold in China, including Hong Kong?
I read that some ETFs might do. Does anyone know ETFs that definitely do not do this?
I am preparing for the contingency of global sanctions against China if it invades or blockades Taiwan.
A friend purchased the above mentioned 11.6g nugget and it was listed as 22k. I fully appreciate that it needs to be taken in and ckd as to purity which is what I have tried to explain.
Question I have is...assuming that it is indeed 20-22k, what would this be worth approximately? Am aware of spot but also understand that larger nuggets (which I am assuming this is) fetch a higher price. From my understanding this was purchased about 2 yrs ago.
Thanks much. Appreciate the responses here from the experts.