The only problem about the demand is that people will stop using / buying gold as jewellery, who's to say some artificial product is no on the way that looks and lasts better than the real thing?
If 2500 tonnes are mined and the price goes up then less viable mines will be opened, the same as oil, at low prices the less lucrative wells were not as attractive but they might be now.
The only problem about the demand is that people will stop using / buying gold as jewellery, who's to say some artificial product is no on the way that looks and lasts better than the real thing?
If 2500 tonnes are mined and the price goes up then less viable mines will be opened, the same as oil, at low prices the less lucrative wells were not as attractive but they might be now.
somebody said on here that it will always be impossible to get market value or better for a Krug.
If you go onto ebay.co.uk today, you'll probably see krugerrands available and getting bids for £380 plus postage, yet today's price for that much gold is £344. So clearly, beating the spot price is possible on ebay (although maybe not in the face-to-face world).
You'd be a braver man than me to buy and sell gold on ebay, but if you think it's such a good idea why aren't you doing it yourself?
Buying might require courage, but surely selling is reasonably safe. You get your money before you post anything.
Why amn't I selling right now?
Does it really seem illogical to you?
Why the hostility, dude?
I propose to keep a loose record on here of bidding prices available on ebay.
I wouldn't imagine there's much interest in tracking ebay prices because there probably aren't too many people looking to sell gold coins at any given time.
If you plan on tracking ebay prices for gold please do it on another thread.
This thread is for commentary and analysis on why people might invest in gold.
If you are investing for the long term, the Perth Mint is probably the way to go. I would disagree that amounts are out of the reach of ordinary investors as the minimum entry is only $10k which even I managed to amass.
To be fair, someone with total investments of 10k or so doesn't need a hedge like gold. They'd be better off sticking the whole lot in equities and trying to build their wealth before they start trying to protect it.
the fact that it's tax-free is also important.
My notion of an ordinary person would be a person who had 10K invested in the normal way (equities and securities) and €500-€1000 in gold as a hedge against a market disaster.
Most gold-friendly investment analysts suggest no more than 10% of total investments in any precious metal. By your reckoning an "ordinary person" would need to have 100K in total to invest in order to follow their advice. If one should only have 10% in gold and it's ordinary to put 10K into Perth mints, then the total investment would be 100K
Possible news for you: someone with 100K to invest is affluent, not ordinary.
They could stick it in Rabo and/or comparable bonds, move to Poland and live comfortably as hell.
Ordinary people would have to work for a living, no matter where in the EU they are.
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