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breaktwister

Premium Member
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  1. Like
    breaktwister reacted to KevinG in Proof coins for investment - worth it?   
    For me modern proof coins are not an investment but a collectible. They are for my enjoyment. If I make a profit with them later on then that's fine but it is not a requirement.
  2. Like
    breaktwister reacted to Lowlow in Proof coins for investment - worth it?   
    The thing I don't like about collectibles, and proofs specifically, and someone else had a similar thought above, is that you're basically becoming a dealer when you get into that.  You may not own a shop and have to cover a spread with your customers, but you're still out there marketing your wares when you get ready to sell, you still have to find and/or create a market for your "product".  Now for most people that means going to the local coin shop with hat in hand begging for a good price, but for the more savvy that means you're on ebay and other platforms, beating the street, looking for someone to give you the price that you want so you make some coin on the transaction.  Even when you do that, unless you've found a way to do that in volume and keep shipping costs low, it's hard to turn a profit on that kind of endeavor.  Even shops have a hard time, and they make money on the spread .. paying as little as possible for coins they buy from collectors, and charging as much as they can selling to those same collectors.
    Me, I'm just too &^%$ing lazy to do that.  It's not that I don't like the coins, I think a lot of them are beautiful, but I don't have the patience to sit around dusting cases of proofs, keeping up with what's hot and what's not, and generally being a coin collecting geek.  I understand people who like to do that, and there is money to be made doing it if you know what you're doing, but it just doesn't jive with my own personality.
    I think a lot of collectors get into collecting without a thought of how they'd get out of that "investment".  They imagine they can sell it, but it's like Warren Buffet said, the way to know what something is worth is to buy a little bit of it, then try to sell it.  I think most collectors are buying at what they believe are reasonable prices, enjoying their collection, have no idea how they would sell it, ... and I think all that is perfectly fine if they're getting value out of it and it's making their life better and they are happy doing it.  I appreciate other people's collections because without individual collectors we wouldn't have a history, collectors are the ones who store this collective material history that we have together, I just think it's important to be honest with yourself about what your role in the game is before you put on the uniform.  Are you a collector ?  A historian ?  A dealer ?  An "investor" ?  These aren't all the same thing.
  3. Like
    breaktwister got a reaction from Lowlow in Retirement...   
    Watch the USA for the huge public pension ponzi that is about to collapse.  When this happens you will see gubmints around the world scale back on their pension promises.  You cannot rely on ever receiving a state pension. 
  4. Like
    breaktwister got a reaction from augur in Best credit card to travel to the US with?   
    I used revolut for a recent trip to the US and also use it to move funds into EUR to purchase from goldsilver.be, a great app imo.
     
  5. Like
    breaktwister got a reaction from augur in Best credit card to travel to the US with?   
    I used revolut for a recent trip to the US and also use it to move funds into EUR to purchase from goldsilver.be, a great app imo.
     
  6. Like
    breaktwister got a reaction from augur in Best credit card to travel to the US with?   
    I used revolut for a recent trip to the US and also use it to move funds into EUR to purchase from goldsilver.be, a great app imo.
     
  7. Like
    breaktwister got a reaction from kimchi in Has anyone ever bought from coin portfolio   
    I received 4 and will be sending 3 back. I doubt the one I keeping would be a 70, it was just the best of the bunch. Shocking that such poor quality is sold at that premium.  MS70s will be worth in future.
  8. Like
  9. Like
    breaktwister got a reaction from Roy in Fractional gold proof Britannias - all graded PF69 or 70   
    Its Britannia's hips that do it 
  10. Like
    breaktwister reacted to KDave in New leg beginning in USD bear market   
    You are not wrong to disagree, in principle at least. But a cornered Trump is at its most dangerous 
    The dollar is number one because the economy is energy based, and liquid energy is primarily traded in the US national currency, which is enforced through its military might. I agree with the sentiment, but i prefer the long game, China pretending to be the innocent benefactor from US decline, rather than overtly challenging them. The US military capacity dwarfs the Chinese so throw in Trumps unpredictability and I am not sure its worth it. 
  11. Like
    breaktwister reacted to Alex in What will happen to gold if we go digital   
    Bitcoin is the biggest scam I ever seen.Lost 50 pounds,bought with blockchain and tried to sell the bitcoins to see how much they charge and to understand better the bitcoin but your account gets blocked for 7 days,just once, for ''security'' reasons.During these 7 days the price plummeted so nothing you could do.For every transaction they charge the same amount in fees or for miners because ''The Bitcoin network is currently experiencing record usage, resulting in longer confirmation times and higher miner’s fees for transactions. Transactions are likely to be more expensive and/or take longer to complete and additional fees go directly to miners.''See some reviews here https://uk.trustpilot.com/review/blockchain.info. People are stuck into it,they can`t sell it because they will lose half the money invested.Also,the price is heavily manipulated.
    I own a few kilo of silver coins from say 1850 to current date.I buy what I like but dunno why everything I like it`s expensive.I strongly believe you can`t go wrong with old coins as an investment and if you are lucky enough you can get crazy deals on ebay.One example of a crazy deal was to win an auction of an 1911 Chinese HOT flame dollar with 92 pounds last year and just tried to buy another one but it sold with 600 pounds.I got many good deals on ebay but I spend a lot of time searching for bargains.You can`t go wrong investing in art,coins,antiques.Just started to invest in old gold coins buying from reputable gold dealers but so far it`s been a disaster.Gold is King because it has unique properties and also because it makes us feel like Smeagol. ''Scientists have observed two stars slamming into each other deep in space sending out huge amounts of gold in an alchemical explosion''.
    Looking at the gold chart in dollars it looks bullish .I think people are quietly buying gold.Big banks are rising the interest rates,inflation soaring...
    My motto is: If a great recession will happen I win because I hold precious metals.If there won`t be any recession I still win because there`s nothing to worry about and I can keep buying coins  
     
  12. Like
    breaktwister reacted to oliversw5 in NK gold coins   
  13. Like
  14. Like
    breaktwister reacted to sg86 in Today I Received   
    .
  15. Like
    breaktwister got a reaction from Gav in silver price by 2020   
    At £5 every mine in the world would shut down.  No supply means the price would shoot up dramatically.  My guess is that the absolute floor on the price is around $12.  It simply cannot go below that or the supply will start drying up as mines scale back and even shut.  So basically, we have very little downside and huge upside.  Buying as much as I can on this recent dip.
  16. Like
    breaktwister got a reaction from arcglide in Fractional gold proof Britannias - all graded PF69 or 70   
    I'm not in a rush to sell these but willing to let them go at the right price .  Good opportunity to pick up some of the rarer pieces (2014 coins super low mintage and only available in sets) at a somewhat normal price compared to the listings on ebay from the "premium price" sellers I am sure we all know!  These are all gold proof ultra cameo.
    2013, 2014 and 2015 £1 1/20oz PF70:  £480 for all three.  These make a nice little mini-set so really only want to sell as such but will listen to sensible offers for the individual coins.
    2014 1/10oz PF69: £475 (mintage 613 in sets only)
    2014 1/4oz PF69: £745 (mintage 613 in sets only)
    2014 1/2oz PF70: £980 (mintage 473 in sets only and my fav of the lot, just looks absolutely stunning in hand)
    SOLD 2005 1/4oz PF69: £320 (nothing special here)
    SOLD 2005 1/4oz PF70: £385 (only 4 worldwide graded PF70 in the NGC database)
    2013 1/2oz PF69: £595 (mintage 351 in sets only)
    Mintage figures taken from the Royal Mint Discovery>Mintages page.

  17. Like
    breaktwister got a reaction from Gav in silver price by 2020   
    At £5 every mine in the world would shut down.  No supply means the price would shoot up dramatically.  My guess is that the absolute floor on the price is around $12.  It simply cannot go below that or the supply will start drying up as mines scale back and even shut.  So basically, we have very little downside and huge upside.  Buying as much as I can on this recent dip.
  18. Like
  19. Like
    breaktwister reacted to tbone in How low can we go?   
    I think what little wind was left in the PM sails just went into cryptos.  My guess is PM prices won't turn up significantly until either the bitcoin or stock bubble pops.  Which is fine for me since I'm not looking to sell anytime soon.
  20. Like
    breaktwister reacted to Shinus73 in TopCashback - eBay 10% Today   
    As title suggests.
  21. Like
    breaktwister reacted to Scuzzle in Why we don't own bitcoin   
    The more I look at these futures exchanges the more I think they are going to get burned, Bitcoin is decentralised and operates 24/7 non stop, the CME and the NY exchange closes every Weekend and for the major holidays, consdering Bitcoin can go up double digit percentage points in a day (in 10 minutes even)  I can see the shorts continually getting slaughtered.
  22. Like
    breaktwister reacted to Scuzzle in Why we don't own bitcoin   
    I agree, the CME futures market comes online Sunday and all of a sudden the MSM and the likes of MSE are telling you to get in, this rings alarm bells with me but it's entirely possible that the CME is onto a loser here as they are not dealing in physical Bitcoin, at least with their gold and silver rigging they suppsedly can deliver gold and silver.  From the outset they have said they will not be buying and selling physical Bitcoin and they will only be settling in cash.  They can play their games and do their high frequency trading back and forth between themselves but there are plenty of worldwide exchanges and plenty of other cryptos to swap out to so with any luck instead of destroying Bitcoin rather Bitcoin will destroy them.
  23. Thanks
    breaktwister got a reaction from ally5727 in 1/4oz or 1oz coins?   
    A lot of love on this forum in general for sovereigns and once you have an older one in hand you realise why, the rich history of the coin as Real Money.  However, the collector in me realised that I would kill myself tryin to collect them all so I went for the 1/4oz Britannia proofs.  Collector or stacker approach will determine your main purchases. Defo sovereigns for stacking gold.
  24. Like
    breaktwister reacted to Kman in Flipping art, easy money   
    I actually did it myself on photoshop
    Used Cara Delevingne's side portrait, smoke paintbrushes, a little inner shadow and ta da lol.  
     
  25. Like
    breaktwister reacted to Bullionbilly in Flipping art, easy money   
    Looks a little like the start of a james bond movie .
    I like it.