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RacerCool

Member
  • Content Count

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  • Country

    United States

Reputation Activity

  1. Like
    RacerCool reacted to Nortypeter in UK Parliament Petition   
    700 of these should make UK up to 1000 tons,perhaps the Ausies would give UK a discount of the £36 Million each one 🙂
     


  2. Like
    RacerCool got a reaction from Frost in Gold sold - my lessons learned   
    I'm glad my focus has been on 1/4 ounce fractional gold.  In my case, living in the US of A, I choose US mint and Mexican mint coins that were previously in circulation: $5 half Eagles (1/4 ounce), and 5 pesos (1/8 ounce).  I have yet to buy any pure minted bullion, like the newer gold Eagles or Libertads, etc.
    Also, big congratulations on paying off the mortgage!  I know the feeling, since a couple years ago I cashed in some stocks, etc, for the purpose of paying off all debt, which had been eating away any and all future investments, as well as simply weighing me down severely.
     
  3. Like
    RacerCool reacted to Midasfrog in The White Lion Cometh!   
    Although the Queens Beasts appear to have a higher premium than a Britannia , remember that the resale price on a Queens Beast will be higher than the Britannia if sold privately .
    If the Gold spot is higher when you come to sell its a win win 
     
  4. Thanks
    RacerCool got a reaction from Serendipity in The White Lion Cometh!   
    Exactly. Maybe two one ounce Britannias? They seem to have the lowest premium of the one ounce Royal Mint offerings.
  5. Thanks
    RacerCool got a reaction from Serendipity in Gold sold - my lessons learned   
    I'm glad my focus has been on 1/4 ounce fractional gold.  In my case, living in the US of A, I choose US mint and Mexican mint coins that were previously in circulation: $5 half Eagles (1/4 ounce), and 5 pesos (1/8 ounce).  I have yet to buy any pure minted bullion, like the newer gold Eagles or Libertads, etc.
    Also, big congratulations on paying off the mortgage!  I know the feeling, since a couple years ago I cashed in some stocks, etc, for the purpose of paying off all debt, which had been eating away any and all future investments, as well as simply weighing me down severely.
     
  6. Like
    RacerCool got a reaction from ZatStackz in Sovereign coin and Mexico Peso Gold - Value?   
    I think he's looking for a real response here.  
    The 50 peso is about 1.2 ounces of gold, and at current gold price, it would be worth about $1,700, or about £1360, just for the gold.
    The sovereign is a little under 1/4 ounce of gold, so would be about £265, or $330.
  7. Like
    RacerCool reacted to mr-dead in Gold sold - my lessons learned   
    So now I have sold my entire gold stack I thought I would post some of my lessons learned for anyone that may be interested.
    Total amount of gold sold - just under 55oz
    A total mishmash of coins, bars, bullion and semi numi stuff.
     
    My lessons learned
    1) Fractionals at 1/4oz or under are defo easier to sell than larger items.  Older Pandas were the most popular followed by the lunar series and retain the greatest premium.
    2) Bars do not sell as well as coins (no problem at the dealer but you will get a lower payment compared to selling privately)
    3) It takes a lot of time and hassle to piece out your stack if you want to maximise profit, the more diverse the stack the longer it will take.
    4) Having physical gold makes it harder to react to spot price, when you decide to sell you will be praying spot price doesnt take a big hit on the way to the dealer.
    5) Atkinsons pricing is based on either an AM or PM price fix (I got todays 3 PM price fix at just over £1000oz)
    6) Make sure you keep a good spreadsheet of your stack - makes life a lot easier at selling time.
    7) I know this is  "thesilverforum" but I am so glad I put my money in to gold over silver.  I cant imagine how long it would have taken to sell the equivalent value in silver compared to my gold stack as it would have had to be private sales to make up for any VAT and increased premiums on silver coins/bars.

    My stacking strategy moving forward:
    I plan to continue buying gold on the next dip but my approach will change significantly.
    1) I will split funds between a physical stack and a bullionvault account
    2) Physical stack will consist of 100% sovereigns, used as a long term retirement investment.  
    3) I will not stray into the semi numi coins for simplicity and easier selling when the time comes.
     
    4) Bullionvault account will be used for real time buying/selling in relation to spot price movements and will also enable me to play the GSR ratio when possible.

    Summary.
    It was a very strange feeling walking into atkinsons this morning with a box holding a few years of hard work and dedication.  
    The big plus side is that gold stacking has enabled me to save far more money than I ever would have managed if I was just banking fiat.  I will get a real sense of satisfaction when I settle my mortgage 11 years early saving a lot on interest payments and ensuring a safe and secure future for my family.
    OTHERS OPINIONS MAY VARY
     
     
     
     
  8. Like
    RacerCool got a reaction from MancunianStacker in Double or full Sovereign collecting?   
    Ah, we're talking about graded proofs. I was thinking run-of-the-mill sovereigns, just for the sake of stacking gold.
  9. Like
    RacerCool got a reaction from dicker in Counterfeit Morgan silver dollars from Chinese On Amazon   
    Like what? That's a part of their job, as stated on their official website: 
    "The Secret Service has primary jurisdiction to investigate threats against Secret Service protectees as well as financial crimes, which include counterfeiting of U.S. currency"
    https://www.secretservice.gov/about/faqs/
  10. Like
    RacerCool got a reaction from Derv in Gothic crown edge lettering   
    I've looked further into it, and this particular coin has some markings that are the same as other coins that are believed to be fake. 
    Basically, I've come to the conclusion that it's just best to stay away from any of these coins, unless you want to spend thousands on a professionally graded example.
    Moving along...
  11. Like
    RacerCool reacted to sovereignsteve in Icons of Route 66   
    I prefer this one

  12. Thanks
    RacerCool got a reaction from gustavus in Capsules   
    EBay is best place I've found for anything for coin tubes and capsules. Air-tites dot com is good, too.
  13. Thanks
    RacerCool got a reaction from Pampfan in When did silver stacking become a thing?   
    My guess is that when silver was "demonetized", in other words taken out of circulation and replaced with base metals, people realized that silver was valuable.  Too valuable for the gov'mint to be putting out there in low denominations like 10 cents, etc.
    Also, people still understand that silver is money, just like gold is.  (Though I think it's understood today that gold is more a means of storing value, and less an actual currency, I think.) I believe people still think of silver as money.  And hence, here in the US of A, we like to stack the junk silver.  It was money in the past, and might still be used as money again at some point in the future.  So it's a way of keeping our wealth in the form of a precious metal that we can actually afford, which might have a practical use in the future.
  14. Like
    RacerCool got a reaction from AgCoyote in More central bank buying - this time Poland   
    But really, which country isn't drowning in corruption all over the place?  And who really can tell what's happening, since the media are part of and complicit with that corruption?  
    Not to be sooo cynical, but really, how else can we look at it?
  15. Like
    RacerCool reacted to StackSellRepeat in Seychelles 1988 1/10 oz gold turtle OMP   
    Guys how rare are these unable to find info, Possibly not looking in the right places. Is it worth me keeping ?
     
    Thankyou 


  16. Haha
    RacerCool got a reaction from silenceissilver in It takes nerves to continue collecting silver   
    Will you adopt me? 
  17. Thanks
    RacerCool got a reaction from KDave in Time to sell 1oz queens beasts: lion, dragon, griffin?   
    So do it. As soon as you do, you'll feel better about it. And while looking at that growing stack of sovereigns you'll be glad you did, and that you don't have to worry about it anymore.
  18. Haha
    RacerCool got a reaction from goldmember44 in It takes nerves to continue collecting silver   
    Will you adopt me? 
  19. Like
    RacerCool got a reaction from Goldmick in Time to sell 1oz queens beasts: lion, dragon, griffin?   
    So do it. As soon as you do, you'll feel better about it. And while looking at that growing stack of sovereigns you'll be glad you did, and that you don't have to worry about it anymore.
  20. Like
    RacerCool got a reaction from Paruwka in More central bank buying - this time Poland   
    But really, which country isn't drowning in corruption all over the place?  And who really can tell what's happening, since the media are part of and complicit with that corruption?  
    Not to be sooo cynical, but really, how else can we look at it?
  21. Like
    RacerCool got a reaction from Derv in More central bank buying - this time Poland   
    But really, which country isn't drowning in corruption all over the place?  And who really can tell what's happening, since the media are part of and complicit with that corruption?  
    Not to be sooo cynical, but really, how else can we look at it?
  22. Like
    RacerCool got a reaction from augur in More central bank buying - this time Poland   
    But really, which country isn't drowning in corruption all over the place?  And who really can tell what's happening, since the media are part of and complicit with that corruption?  
    Not to be sooo cynical, but really, how else can we look at it?
  23. Like
    RacerCool got a reaction from CadmiumGreen in West Virginia treating gold and silver as money   
    I think Arizona and a several other states have enacted similar laws.  But the Fed is still a giant monster, and that thing needs to be eliminated.  Not curbed, not reigned in.  Not audited.  Eliminated.
    Also, the states need to aggressively enforce the US Constitution against the federal government. 
    In that spirit, happy Independence Day, my fellow Americans!  
     
  24. Haha
    RacerCool reacted to Roy in Hard Core Porn   
    You mean, you didn't bury it?! 
  25. Like
    RacerCool reacted to DarkChameleon in Hard Core Porn   
    If id done a video of filling it and then dropping it shortly after taking the picture then having to spend the next 30 minutes putting everything away before a trip to the bank..you'd trust the picture...took over 500 ozs of silver and about 6 ozs of gold...ratio set...lol.