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sbxsat

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About sbxsat

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  1. To Chinese Pandas or not to

    I'm not a fan of Sovereigns so won't be going near those. I stack 1 oz Krugerrands and am looking to collect a 1/4 oz series. This is the first time I've seen the 1/4 oz Lunar Series 2 Mouse for sale on eBay. I've tried different wordings, mouse rat maus and nothing ever came up so I was surprised when you said eBay had them. I've come to realise I don't like mixing and matching my coins and prefer to stick to just one type of series. I started collecting towards the end of last year and bought a couple of coins without really doing my homework. Now I've got some random assortments (Ducats Queen's Beast Britannia) that I don't intend to continue pursuing. I might just give the Pandas a go. I was going to collect from the date they switched over to the metric system. As Cornishfarmer said, it's only 2 years back date so likely I won't have trouble finding them.
  2. To Chinese Pandas or not to

    I'm trying to stick to collecting just one type of 1/4 oz gold coin and am finding it really difficult to do so. Those dang mints keep coming out with lovely coins! I've got some Perth Mint Lunar 2 series but have lost interest in them because I can't find the 1/4 oz mouse for sale anywhere. The new dog looks good, which makes me want to continue collecting the series but that mouse is so elusive. I also have the 1/4 oz Queen's Beast bullion and proof but have lost interest in them as well. They seem so gimmicky. It's like the Royal Mint is just thinking of new designs to put onto coins to help sell their gold. Their attempt at the Lunar series is laughable. The designs are extremely inconsistent and the new dog seems like it was drawn by someone that only recently started learning how to draw. I've been looking at the Chinese Pandas for some time. They look really nice but command a high premium. Does anyone know if they keep their premiums and are they easy to resell if needed? I am not looking to collect the entire series, just from the year when it switched to the metric system (gram instead of ounce). I like 1/4 oz coins so that's going to raise the premium even higher. Are they worth it? The recent thread by another member about semi-numismatics not doing well and stacking Sovereigns instead has got me thinking twice before jumping into Pandas.
  3. Gold in Dubai airport

    Won't you get charged for customs for bringing in precious metals? I was planning to bring some back in my suitcase when I go home for a holiday but wasn't too sure about the customs charge.
  4. Where to start?

    CGT isn't something you need to worry about unless you are selling gold in bulk. I would just buy whichever coin/bar you fancy. Gold bars have lower premiums due to them being more cost-effective to produce. However, they lack the detailed finish seen in coins. They also take up more storage space due to their physical dimensions. I don't have any statistics but I imagine gold bars are easier to counterfeit due to their lack of detail. Don't buy gold bars off eBay. Gold coins have slightly higher premiums owing to them having more detailed designs and are smaller in dimensions. In general, the smaller the coin, the more it cost to produce the coin, which then translates to higher premium for the buyer. Gold in general is a poor investment. It does not give you dividends unlike some stock that give you quarterly or yearly dividends. However, gold is less risky to hold on to in the long-term as it will always have value whereas stocks can go from 10 to 0 if the company fails. It is however a great way of storing vast amount of wealth in a small volume. Great for when you want to move asset. Other factors that you need to take into consideration when purchasing gold is where you intend to store them. Certain gold dealers offer to store your physical gold in their vault. Unless you have a lot of gold, don't use that option as your gold loses value due to you having to pay a monthly storage fee. I have never tried storing gold at the local bank but I am sure they will be able to accommodate you but first, ask how much it will cost. If you move a lot due to work/life commitments, then buy larger gold denominations, e.g. the 1 oz rather than fractional gold (1/2, 1/4, 1/10, 1/20 oz). This is purely for ease of moving them. It is easier to keep two 1 oz coins in your pocket than twenty 1/10 oz coins. If you intend to keep your gold at home (especially if it is rented accommodation), make sure they are stored in an easily accessible yet innocuous place. The most commonly cited reason for why people invest in gold is to hedge against fiat currency (printable money). In my opinion, that is a failed logic. You will be waiting an entire lifetime before that happens, if it happens. There are a lot of very powerful institutions in the world that will prop up a failing major currency such that it is unlikely to fail. You see a lot of people on this forum that claim to "invest" in gold but they are the same people paying a huge premium to purchase coins with a pretty design (myself included). Remember, when you are selling gold to a dealer, the gold is only worth their weight in gold and not how pretty it looks. You can get a little bit more above spot price (daily average price) for proof (very shiny version) of gold coins when reselling but don't expect to get rich from it. Don't be tempted to buy different coins. Have a plan and stick to it (takes immense will power!). If you are a true investor, buy the cheapest gold and not the one that looks pretty. It is long-term investment and you will be holding on to your physical gold for several years before turning a decent profit. Don't expect to turn a profit over months. Avoid numismatic coins. These are coins with collector's value and are minted in limited quantity, which drives up its price. They look pretty but when it comes time to resell to dealers, you still only get offered its worth in weight and not design. I made this mistake by purchasing the Australian Lunar coins. If I could rewind time, I would stick to just one type of coin. Personally, I have now stuck to investing in the gold Krugerrands. Having said that, I lack will power and bought a proof 1/4 oz gold some months ago! I also only buy pre-owned coins and never new coins because aside from looking shinier, they are of similar value in weight. The Krugerrands have an interesting history with it being the first gold bullion ever produced. It is a South African coin and has the lowest premium amongst all the bullion coins. They are also widely recognised so you do not have to worry about dealers not knowing what they are. Canadian Maple leaf has a huge premium owing to their in-built counterfeit-avoidance measure. They also scratch easily. This shouldn't matter if you are just investing and not collecting. A scratched gold bullion is worth as much as an untarnished bullion of the same weight. You also pay a high premium for American Gold Eagle/Buffalo if you are in the UK. British coins like the Britannia has a higher premium than Krugerrands. Sovereigns are a good alternative for investment. They are small denominations and more affordable. It is the difference between paying 1,000 GBP as opposed to 250 GBP. Chinese Pandas are not worth their premium in terms of investment. Austrian Philharmonics also have high premiums but they do look very nice! Lastly, places to buy gold from: Atkinsons is the only online dealer I shop with. They do not charge for delivery and their stock have 3% premium over spot. Hatton Garden Metal (HGM) looks at first glance to be cheaper than its competitors due to its low 2% premium above spot. Do not be deceived. HGM charges you for delivery, which will result in it being more expensive than Atkinsons, unless you buy in bulk.
  5. First gold purchase

    I would spend some time to research on the different coins before diving in. You might be interested in a few coins but in my opinion, stick to just the one type for now. If you are in it for investing, go with Krugerrands as they have the lowest premium. If you are interested in design/collectability then have a look at the Queen's beast series as it only started last year so you are still in time to jump in and collect all the coins in the series. Think about which denomination you want, 1 oz, 1/2 oz, 1/4 oz or 1/10 oz. I find the 1/4 oz coins to be affordable. They are also at a decent size (similar to a 20 pence UK coin) and you don't need a magnifying glass to appreciate the detail. I find the 1/10 oz coins too small and although also affordable, it commands a higher premium. Personally, I would stay away from the Perth Mint lunar 2 series as you will need to fork out a lot of money to get the older coins (mouse/tiger/ox) as they are no longer in production. If you really like the design and have thought it through and are still interested in them, I have a few 1/4 oz lunar 2 series I can sell to you as I have lost interest in them.
  6. geopolitical calm

    North Korea has a nuclear arsenal. We know this based on the fact that, 1) they have tested it underground previously resulting in tremors that have been picked up by seismologists and 2) the US has not attacked North Korea and is choosing diplomacy instead. Sanctions after sanctions but never invasion/pre-emptive strike. The US generally do not attack/invade any country that can fight back (with nuclear weapons). You only need to look at the countries that have been invaded, e.g. Iraq, Lybia and Syria. These countries do not have a nuclear deterrent hence they become easy targets for the US to flex their military might. First the US pushes the UN security council to put sanctions on these countries then they invade once these countries have been weakened through political instability and economic crisis. North Korea's philosophy (and there is logic in that) is if they stockpile a nuclear arsenal (it does not matter if the nuclear missiles cannot reach the US, it only needs to travel into South Korea where US bases are), foreign powers would not attack them. The US not invading or pre-emptively striking North Korea is proof of that. Look at Iran, it does not have any nuclear deterrent so factories in Iran that have any capability of manufacturing nuclear parts become target practice for Israeli and US jets. If Iran had nuclear weapons, Israel and the US would not dare fly their jets into Iran's airspace with such abandon. They would choose the diplomatic route instead. On Syria, Assad has no reason to gas his own people. Government forces, with the help of Russia, have already reclaimed much of the lost territory from Western-backed rebels. RT, a pro-Russian news outlet have argued that the gas released was due to factories being bombed by Western forces resulting in several otherwise isolated and non-lethal compounds reacting with each other. The US foreign policy has always been to safeguard national interest and by national interest I mean lining their pockets. They invade other countries on grounds of national security but in fact, it is just a smoke screen to loot other nation's natural resources. Look at 9/11, why invade Iraq? 3/4 of the hijackers are Saudi nationals. They won't attack Saudi Arabia because the Saudis sell oil to the US at a discounted rate. Thus, Iraq becomes the scapegoat. The US gets to hit out at someone after 9/11 and also claim the lucrative reconstruction contracts post-war. The worse atrocities I would argue are those committed by the Israeli government against the Palestinians. Watch this presentation if you are interested in learning more: https://www.youtube.com/watch?v=_6cMKlQIUyg The presentation is made by a Canadian journalist (that some parties try very hard to discredit) and shows what mainstream media do not report. P/S: I am not against the US, just their foreign policy
  7. Should I get the 1/4 proof gold Queens Beast?

    Just looked at the Royal Mint website and they have marked their 1/4 oz Queen's Beast lion proof coin as 100% sold
  8. Today I received.....

    Shout out to Backyard Bullion for making the video on the 1/4 oz proof QB lion. Got mine in the post today. This coin is a real beauty. Some scratches on the capsule but not the coin. The box it came with is really nice as well. Part wood with detachable magnet piece that holds the coin. No regrets buying it.
  9. How do I know it's real?

    Some quick and easy way to check for authenticity (option 1 is by far the most accurate): 1) I got some coins through ebay and then brought them to a gold dealer to ask if they wanted to buy my gold. They took the coins to weigh them and looked at them using their fancy loupe before offering me a price. I also brought the coins to a pawn shop where they weighed them and also wanted to drill a tiny hole in the coins to further check authenticity. I said no thanks to the latter but they did offer me a fair price for the coins (more than the gold dealer did). 2) You can look up the dimensions of the Britannia and then use a ruler to check them. Also weigh the coin if you have a scale sensitive enough to weigh coins. If the dimensions and weight are correct, your coin is genuine. 3) Buy one of those cheap plastic/card thingy on eBay. The plastic has a cut out with the exact dimensions of many common gold coins like the Kruggerand/Britannia/Maple/Eagles. All you do is fit your coin in the plastic cut out. If they fit exactly, your coins are genuine.
  10. The griffin looks really nice. I prefer it to the lion to be honest. But where is the 1/4 oz?!
  11. 1 oz or fractionals totalling 1 oz

    I really like the Kruggerand and would like to cut down on premiums by getting the 1 oz rather than fractionals. They also seem to be the cheapest bullion next to maples. When the price is right, I would just sell everything rather than one at a time to online gold dealers and reinvest. I don't mind the quick flip to.
  12. Today I received.....

    The 1/4 oz lunar 2 farm is getting populated 😀 Missing the monkey/ox/tiger/mouse/rabbit!
  13. 1 oz or fractionals totalling 1 oz

    Thanks for the quick reply. I was intending to sell back to Atkinsons/HGM instead of on eBay as the eBay/PayPal fees seem really high whereas the established online dealers are guaranteed to pay 2-3% under spot. I just need to wait till the price goes up at least 6% from current to earn 3% lol. With that in mind, I am not worried about finding a buyer. If we assume there is a buyer at all times, does it still matter if it was a 1 oz or 4 full sovereigns (or fractionals totalling 1 oz)? My math failed me a long time ago P/s: I also noticed that one of the dealers (I think it was HGM) pay more for bullion Kruggerand than other similar weight bullion.
  14. 1 oz or fractionals totalling 1 oz

    Hi all, Quick question. Is it better to buy the 1 oz Britannia or would it be better to buy multiple Sovereigns totalling (or close to) 1 oz if my intention is to sell them in several years time? I didn't think it mattered as the price of gold is based on gold content or am i mistaken? 1 oz Britannia takes up much less space than 4 full Sovereigns. I really like the Krugerrand but being in the UK, Britannias and Sovereigns seem better due to the CGT exempt. Thanks
  15. GOLD DEALS - See a deal, post here :)

    1/4 oz Queen's beast back at Atkinsons. Special offer: 1/4 oz Britannia + 1/4 oz Queens Beast for 610.82 at time of posting this.