1oz Gold coin

[rebnah]

Cheers for your advice but i will leave them with the other stuff for a few years.

[KDave]

I thought we were all pretty clear about paying low premiums where possible, but each to their own. Perhaps it will be a good investment, but its not really a precious metal investment you have made, more a very over priced coin in a nice box that happens to be made from precious metal, the inherent worth of which is far less than the price paid. Who knows though, I said the peter rabbit coins were going to be a waste of time and look at those now 

[sovereignsteve]

1 hour ago, rebnah said:

Sure heres the link http://www.royalmint.com/shop/The_Quarter_Sovereign_2016 I got 4

ah, limited mintage 1750

[sovereignsteve]

47 minutes ago, rebnah said:

Cheers for your advice but i will leave them with the other stuff for a few years.

Don't wish to knock someone else's views and strategy but I don't see why anyone would buy these. Intrinsic gold value is no where close and collectabilty is poor. You will never get your money back on these unless spot goes to the moon.

[rebnah]

Ok I've decided to take your advice i will cancel these first thing Monday morning. I guess as a newbie i got sucked into the limited number thingy.

I guess i would be better just buying another 1oz gold coin?

[HelpingHands]

@rebnah If you're not aware of Atkinsons for gold here is the link.

https://atkinsonsbullion.com/

 

There are plenty of dealers but the royal mint are expensive.

[rebnah]

1 minute ago, HelpingHands said:

@rebnah If you're not aware of Atkinsons here is the link.

https://atkinsonsbullion.com/

 

There are plenty of dealers but the royal mint are expensive.

Cheers

Ive brought quite a lot of gold from them already.

 

[HelpingHands]

Also, if you buy a variety of coins you might be better buying from coininvest as the postage goes on at the end.  Atkinsons is priced in every coin  (unless you're buying mulitples of the same).

1 minute ago, rebnah said:

Cheers

Ive brought quite a lot of gold from them already.

 

Ah ok.  Sometimes people buy from the RM because they don't know about other dealers.

[Ravinella]

My first post on here though not a newbie stacker/invester and have to agree totally with Paul and Sovereignsteve. I hate giving advice as it can often just be seen as being critical and its also absolutely nothing to do with me what anyone else does with their money....however.

By your own admission rebnah you are new to this and obviously very excited re your new found interest but i'd just like to say I agree totally with you cancelling the Proof quarters but cant say I like your closing remark "I guess i would be better just buying another 1oz gold coin?" that is much too broad a statement, which are you going to buy and mo5re importantly why.

Goals are key in this game and clear thinking as to why you are spending the money you are.Before you buy anything else clearly define your goals are going to be...........are you buying for long term investment??, ie volume stack,buy as close to spot as you can and just accumulate....do you want to trade regularly for quick gains.......do you want to collect things  you just fall in love with, like with me libertads and pandas.....do you want one of every country  or just specialise in one country alone,....the list is endless.

Then accumulate the knowledge you need to fill the goal you have set.Its not difficult but requires some work and effort and is a hell of a lot easier now with the internet and forums like this one. 

Be patient if you go about it correctly you wont go wrong long term with Gold........ make big newbie mistakes now and you'll lose your cash in the blink of an eye. Ie if you want to trade for quick gains forget proofs, but if you love beauty in coins then buy proofs.

Sorry to preach but the last thing you want to do just now,it seems to me is just buy,buy and buy for the sake of buying......define clearly what you are buying for and then learn the strategy for fulfilling that goal...............limited mintage 1750 sounds good to some people to others they arent interested until you are talking in the low hundreds re some libertads for example.

Good Luck with your new Hobby just remember Goals, Knowledge and Patience and you'll get years of great pleasure from it...........ignore those things and you could be banging your head against a wall feeling very stupid and sorry for yourself in no time.......... I know I've been there done it and got the T shirt......

 

 

 

 

 

[rebnah]

Thanks for everyone's advice.

I guess I just got excited and with nothing else to do it's easy to go mad.

I want to just stack gold and silver weight for the future only.

being bored I kept looking around and came across the RM stuff and thought they may be good to keep hold of.

When I said about buying gold coins I meant I would rather put the RM funds on anoth gold coin.

I will calm down now and sit back for a bit.

I like the Britannia's so I will just stick to the gold and silver 1oz versions and get as many as I can for the future.

thanjs again people for your sound advice, it easy to get

carried away.