Hello from UK

[richo]

Hi,

Relative newbie but started collecting coins very gradually from 2012.

My view is to both have fun, and just divest a bit of risk. 

I have gone for a mixture of bullion and collectible coins. I know the latter are often worse investments, but I enjoy looking at some of the coins, which is what it's all about.

I have mainly bought gold bullion Kangaroos in small weights, 1/10, 1/4 and a couple of 1/2 Oz. I like the design and the capsule protection. I have also bought a couple of Discover Australia gold coins which carry a premium, but some are lovely. My favourite coin is attached! Not everyday you get a frog on a gold coin.

I have a small amount of silver, only a few coins, but the milk spot issue worries me until really ironed out, so in part this has kept my silver stack down, especially since I dip in to proofs and collectibles. I think with bullion it's not really an issue. I do have a 5oz silver wedge tailed eagle which I think looks great. 

thanks,

richo

 

[HelpingHands]

Welcome!!

[ApisMellifera]

Hi and welcome

 

[Piggybank]

Hi Richo, welcome to the forum.

 

[Agpanda]

Hello and welcome

[Stu]

Welcome to the forum

[Guest]

Big welcome

Sent from my iPhone using Tapatalk

[KevinG]

Welcome.

[vand]

Physical gold is a buy & hold investment. Yes you made a few % on your short term flipping, but now you have no position and are watching the market continue to go away from you. To be a bit blunt, I have always said that if you are just looking for a few percent, then you are much better off to trade the paper rather than physical.

Unfortunately this is only something that experience will teach you. I have been investing for 20 years now, and remember stocks that I sold for 20-30% gain within a month and gave myself a pat on the back for, then go on to make 200-300% or more over the next few years. Long term investment is about recognising a major trend, getting on board for the ride, and not trying to over-complicate it for short term gai - the vast majority of people trip themselves up that way.

[wrong post]

[vand]

edit: sorry, that was meant to be posted in the other thread for our 26 year old newbie. 

Welcome,both!