Jump to content
DOSBODS
  • Welcome to DOSBODS

     

    DOSBODS is free of any advertising.

    Ads are annoying, and - increasingly - advertising companies limit free speech online. DOSBODS Forums are completely free to use. Please create a free account to be able to access all the features of the DOSBODS community. It only takes 20 seconds!

     

IGNORED

Gold (and PM) in all its forms


MrXxx

Recommended Posts

Hi Folks,

thought I would start a new thread rather than 'muddy' the excellent one by DB.

I have a couple of question of those more experienced on this forum..so her goes:

1. Anyone have experience of the Royal Mint 'Signature series..seems to me very much like Bullion Vaults offering except you can buy smaller fractions/investments.

2. Ditto for RM RMG....this looks like an inhouse ETF.

3. Peoples thoughts on actually holding the real stuff vs backed ETF's (actually ETC's)?

My views here is that if you hold the real stuff you have a number of disadvantages (wider spread, storage cost/risk) that erode some of your gains VS the disadvantages of ETC's (the intermediary holder of even the ETC provider can default on you [counterparty risk?)...with the advantages for the former being 'security' in hand VS the latter a lot easier/cheaper to trade.

Thoughts? 

Link to comment
Share on other sites

1 hour ago, MrXxx said:

Hi Folks,

thought I would start a new thread rather than 'muddy' the excellent one by DB.

I have a couple of question of those more experienced on this forum..so her goes:

1. Anyone have experience of the Royal Mint 'Signature series..seems to me very much like Bullion Vaults offering except you can buy smaller fractions/investments.

2. Ditto for RM RMG....this looks like an inhouse ETF.

3. Peoples thoughts on actually holding the real stuff vs backed ETF's (actually ETC's)?

My views here is that if you hold the real stuff you have a number of disadvantages (wider spread, storage cost/risk) that erode some of your gains VS the disadvantages of ETC's (the intermediary holder of even the ETC provider can default on you [counterparty risk?)...with the advantages for the former being 'security' in hand VS the latter a lot easier/cheaper to trade.

Thoughts? 

You might want to check out the thread in the "Investing and Money" sub-forum on gold and precious metals, I think that has some useful information in.

I don't have any experience with the Royal Mint but reading the blurb it does sound as you've described. The only differences will be in the costs of holding and where you want to store your PMs - BullionVault has the option of overseas.

I've got a very few gold coins mainly for the novelty value. I like holding them occasionally and for me nothing beats the lovely ringing sound they make when tapped with the end of a pencil!

Link to comment
Share on other sites

One percent
3 minutes ago, Errol said:

Don't bother with collecting coins. Stick to bullion - quarter ounce, half ounce and 1 ounce are all good.

 

Are coins not preferable as if they are coin of the realm, then CGT can be avoided?

Link to comment
Share on other sites

30 minutes ago, One percent said:

Are coins not preferable as if they are coin of the realm, then CGT can be avoided?

I think Errol's message read: "Don't but coins for their collection value, buy bullion-grade (i.e. cheapest available) coins". Both can be CGT free.

Link to comment
Share on other sites

One percent
1 minute ago, kibuc said:

I think Errol's message read: "Don't but coins for their collection value, buy bullion-grade (i.e. cheapest available) coins". Both can be CGT free.

Ah, cheers, i was reading it as gold bars.  

as an aside, it seems that gold is dropping at the moment, which given all the upheavals in the world seems strange to me

Link to comment
Share on other sites

No Duff (troll)
49 minutes ago, One percent said:

Are coins not preferable as if they are coin of the realm, then CGT can be avoided?

You'll need a lot of gains in a year for that to be an issue.  Moreso if there are two of you.

Link to comment
Share on other sites

InLikeFlynn
4 hours ago, MrXxx said:

Hi Folks,

thought I would start a new thread rather than 'muddy' the excellent one by DB.

I have a couple of question of those more experienced on this forum..so her goes:

1. Anyone have experience of the Royal Mint 'Signature series..seems to me very much like Bullion Vaults offering except you can buy smaller fractions/investments.

2. Ditto for RM RMG....this looks like an inhouse ETF. 

3. Peoples thoughts on actually holding the real stuff vs backed ETF's (actually ETC's)?

My views here is that if you hold the real stuff you have a number of disadvantages (wider spread, storage cost/risk) that erode some of your gains VS the disadvantages of ETC's (the intermediary holder of even the ETC provider can default on you [counterparty risk?)...with the advantages for the former being 'security' in hand VS the latter a lot easier/cheaper to trade.

Thoughts? 

I've never understood the attraction of gold as I rather like a yield, however surely gold's greatest strength is that is the currency of last resort in the event of catastrophic economic collapse. Good luck getting anything for an ETF/mining share in that scenario. If you want to hold gold then it must be physical gold all the way.

 

Link to comment
Share on other sites

53 minutes ago, InLikeFlynn said:

I've never understood the attraction of gold as I rather like a yield, however surely gold's greatest strength is that is the currency of last resort in the event of catastrophic economic collapse. Good luck getting anything for an ETF/mining share in that scenario. If you want to hold gold then it must be physical gold all the way.

 

In the event of the world being on fire and gold buying your family those last remaining seats on the boat/train/plane/shuttle to safety, I think gold-plated tungsten should do fine at a fraction of a cost.

Link to comment
Share on other sites

I have bought some sovereigns over the years just as insurance against (hyper)inflation/currency collapse. If the worst doesn't happen I can always occasionally flog them to top up the pension when I retire or have something that can be passed onto younger relatives when I pop my clogs.

Mostly I see it as a way of safeguarding wealth as they are easy to hide, move and are accepted everywhere.

 

Link to comment
Share on other sites

No Duff (troll)

The transition to DOSBODS is complete.  First the deflation thread was migrated, then Brexit (oh dear), and now PMs.  Hope we stop there and don't get the mindless and nasty millenial v boomer rants, else I'll be off again.

Link to comment
Share on other sites

6 hours ago, MrXxx said:

Hi Folks,

thought I would start a new thread rather than 'muddy' the excellent one by DB.

I have a couple of question of those more experienced on this forum..so her goes:

1. Anyone have experience of the Royal Mint 'Signature series..seems to me very much like Bullion Vaults offering except you can buy smaller fractions/investments.

2. Ditto for RM RMG....this looks like an inhouse ETF.

3. Peoples thoughts on actually holding the real stuff vs backed ETF's (actually ETC's)?

My views here is that if you hold the real stuff you have a number of disadvantages (wider spread, storage cost/risk) that erode some of your gains VS the disadvantages of ETC's (the intermediary holder of even the ETC provider can default on you [counterparty risk?)...with the advantages for the former being 'security' in hand VS the latter a lot easier/cheaper to trade.

Thoughts? 

It partly depends under what circumstances you'd plan to sell it, which is a harder question than it sounds. If you had some Britannias bought for £1000 each, would you sell them if they went to £2000? or £5000? or would you hold on in case they went higher in a hyper inflationary environment? Physical gold is more of a last resort hedge against something really bad happening. As you say, it's not really worth trading due to wide spreads.

A liquid ETF like GLD is good for trading, but in theory carries some counterparty risk ( though that's pretty minimal I'd say).

You could hold both, maybe trading in and out of the GLD depending on price moves, or even short the ETF after a large up-move in the gold price to lock in the higher price, but then you're having to time the market, which isn't easy. I've been trading for years and I'm still terrible at it picking time/direction of short term moves.

Or you could sell options against the GLD ETF to effectively create a "yield" on your gold - maybe 5-10% per year, or lower the cost basis on the gold you plan to buy in the future. Personally I like this approach, though it means if gold shoots up VERY quickly, I'd miss out on the gain in the short term.  I just figure that since I probably wouldn't sell my small gold holding quickly in the case of a rapid move, I might as well generate a "yield" from it.

Link to comment
Share on other sites

UnconventionalWisdom
1 hour ago, No Duff said:

nasty millenial v boomer rants

Always felt this is what the bankers, politicians and central bankers wanted.... People placing the blame onto other people. 

Link to comment
Share on other sites

No Duff (troll)
10 minutes ago, UnconventionalWisdom said:

Always felt this is what the bankers, politicians and central bankers wanted.... People placing the blame onto other people. 

Me too.  100%.  Worse, it seemed organised.  And the guy wishing granny died of hypo during the winter did it for me.

Back to gold.  Gotta love it in all forms.  My motto - buy gold, plus a little silver if you feel adventureous!

Link to comment
Share on other sites

My problem with physical gold is that I get attached to it emotionally. I've got my first gold coin earlier this year, one of the Queens Beasts, and even though it was meant as an investment, now I cannot see myself ever selling it. There''s something magnetic about that little beauty.

Maybe it's about the perceived rarity of it, as I also have 1k worth of silver Britannias and don't feel anywhere near the same level of connection. Maybe if I had 30 of those shiny yellow pucks I'd be able to treat them purely as an investment as well?

I had no problems moving 10Ks worth of gold and silver in bullionvalut this way and that as those were just numbers on the screen, but physical gold has got me hooked.

Link to comment
Share on other sites

  • 1 month later...

Gold at 17 month low, just dipped below $1200. 

All indicators seem to be pointing to a reversal but don’t know what will kick start it in the midst of this trade war.

Link to comment
Share on other sites

1 minute ago, The XYY Man said:

Any chance us daft Northern cunts could have that last bit in English please...?

Asking 4 a fnd...

 

XYY

Daft northern cunts can’t afford it. ;)

Link to comment
Share on other sites

5 minutes ago, The XYY Man said:

:)

I might be able to mind.

I could always sell my cello...

;)

 

XYY

You could do some moonlighting in the next three weeks. That’ll do it. :)

Link to comment
Share on other sites

7 minutes ago, The XYY Man said:

Your idea does indeed have some merit - but with my hair, there's no way I can convince people that I'm Bruce fucking Willis...!!!

;)

 

XYY

I was thinking more a turn at the wheel tappers but hey ho. ;)

Link to comment
Share on other sites

13 minutes ago, The XYY Man said:

:)

You can't beat the Wheel-tapper's mind.

Connecticut's own Gene Pitney's Geordie accent skills are revealed at around 0 minutes and 59 seconds in...

;)

 

 

XYY

 

Bloody hell, didn’t realise that you could sing so well. The syrup looks good too, can’t hardly see the join. :)

 

 

 

 

 

 

 

 

 

*runs away*.  :Jumping:

Link to comment
Share on other sites

12 hours ago, One percent said:

Bloody hell, didn’t realise that you could sing so well. The syrup looks good too, can’t hardly see the join. :)

 

 

 

 

 

 

 

 

 

*runs away*.  :Jumping:

And there was I thinking an American trying to speak English was unintelligible, but one trying to speak Geordie?!

 

P.S only joking lads, if truth be known I get a little stirring every time I hear Ruth from The Archers say "Oh Daaaaavid" :-) :-) :-)

Link to comment
Share on other sites

  • 1 month later...
3 hours ago, Lavalas said:

Link to all the presentations at the recent Beaver Creek Precious Metals Sunmit...

http://www.gowebcasting.com/conferences/2018/09/20/precious-metals-summit

Useful intro to loads of juniors and perhaps a good tool for getting a feel for their management.

That looks useful lavals.

@Errol had a tip in the deflation thread that I'll be reading up on tonight from IRD(he put me onto that as well )

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...