/r/Gold

Photograph via snooOG

All about gold

related subreddits

/r/silverbugs

/r/PreciousMetalRefining/

Shout out to /r/Money_Design

/r/Gold

164,262 Subscribers

4

2 grams first purchase question

Hey guys, I just bought my first two grams of gold Friday and am waiting shipment. Since I LOVE to touch and feel the pieces, does it make any value difference if I keep in in the assay or no? Above is what I bought 2 grams of.

0 Comments
2024/11/04
10:56 UTC

1

Question about melted alloy

Hi, I had a scrap 14k wedding ring that I melted down to a small ingot. I noticed when I took it out of the pickle it looked as if the alloy had separated itself and it looked like there are blotches of fine gold, blotches of copper, and maybe some lighter colored metal. Is this just surface? Or do alloys come apart if the torch temp isn’t hot enough? I have no idea if this ring had ever been soldered before but i’m thinking it was cast, so there shouldn’t be any solder in the mix. I’m wondering if this is going to be ok to pull wire from or if it’s going to crack and splinter.

0 Comments
2024/11/04
09:57 UTC

2

Question about Tether Gold, Peter Schiff, Gold-Backed Crypto

0 Comments
2024/11/04
05:53 UTC

3

Hello, need some advice

Hi, I am currently 21 years old and am in the lucky position not having to worry about living cost nor anything else pretty much. I have about 1.3k per month free to spend on anything I want. The problem- I have a spending habit and buy all kinds of useless shit that keeps me from saving money thus working towards my goals. Do you guys think it would be a good Idea to put this money monthly into physical gold to kinda satisfy my habit and save money at the same time? I already have about half an ounce at home and know a fair bit about how gold works cause I’ve been following the sub for a while.

Thx in advance

6 Comments
2024/11/04
05:48 UTC

5

Need help to identify this chain name

Thanks in advance :)

3 Comments
2024/11/04
03:57 UTC

21

Gold chain. Stupid purchase?

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?

58 Comments
2024/11/04
02:52 UTC

0

Sovereigns

Did they actually circulate?

6 Comments
2024/11/04
01:45 UTC

12

Hms victory

Would love this coin.. anyone know where I can find one!?

8 Comments
2024/11/04
00:39 UTC

48

50 gram 14kt

Finally got a Franco. 14 year old me would be proud

16 Comments
2024/11/04
00:12 UTC

2

Trading advice

I'm looking for some advice on trading gold

3 Comments
2024/11/03
21:30 UTC

344

First gold purchase. So pretty

38 Comments
2024/11/03
20:01 UTC

2

Newbie price question

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.

11 Comments
2024/11/03
19:57 UTC

2

Questions

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

5 Comments
2024/11/03
14:40 UTC

3

Gold ETF counterparty risk

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."

https://www.wealthprofessional.ca/investments/alternative-investments/why-gold-backed-etfs-have-created-an-illusion/329482

"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."

https://www.goldmoney.com/research/the-role-of-gld-and-slv

12 Comments
2024/11/03
14:39 UTC

54

Any other Americans find foreign coins to be more interesting and exciting?

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.

37 Comments
2024/11/03
11:48 UTC

235

Just hit my first oz :3

Hopefully many more to come

16 Comments
2024/11/03
08:21 UTC

59

Monopoly coin

Bought for my kid for when she’s older. She likes to play monopoly. Yes the premium sucked, but no ragrets

5 Comments
2024/11/03
03:06 UTC

2

Should I trade scrap jewelry I got which is how currently I have a small stash or get coins or bars?

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.

5 Comments
2024/11/03
02:36 UTC

125

Fresh Pampy from Costco $2799

Back in stock!

10 Comments
2024/11/03
01:44 UTC

2

Gold ETF with no assets in China

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.

12 Comments
2024/11/03
00:46 UTC

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