10Mo·

Hi everyone,

I would like to buy physical gold $965515 (+0,81 %) physical gold. I am considering either bars or coins, as I really want to have access to it in all crisis scenarios. So no gold ETC with a delivery option such as $EWG2 (+0,97 %)

I would take 10-20g bars if the choice falls on bars or coins with 1/2 troy ounce.

Now my question: What would you favor and why? Coins or bars?

28 Commentaires

Stefan@InvestmentPapa

10Mo

There are at least 100 different opinions on this. To make a long story short: It's purely a matter of taste. If you prefer to hold gold directly in your hand, then coins are the first choice. If this is relatively unimportant to you, then take the small bars (10, 20 etc.) and these in the original blister pack (different variants depending on the manufacturer). In the end, it's really more a matter of preference. Just a note: If you take half ounces in coin form, then please only take those with close to the spot price, i.e. Maple Leaf, Krugerrand, Philharmonic, at most Britania. Everything else is often traded at a slightly higher premium.
As far as resale is concerned, there should be no problem as long as the coins are without scratches or edge damage and the bars are in their original packaging.

@Michael-official As always, thank you for your attention.

•

CrashBurner@Psychedelic_Sunflower

10Mo

@InvestmentPapa Thank you for your comments. If, as you say, it really is purely a matter of preference and you can live with the slightly higher premium, then I'm leaning more towards coins. Maple Leaf would also be my favorite, especially after Epi pointed out the security hologram in his comment.

••

Epi@Epi

10Mo

Imagine what happens in times of crisis and in which scenario you need gold. If it's only a minor crisis (economic depression), you don't need gold. If the shit really hits the fan, it's of little use to you either. Gold is only a crisis hedge in some intermediate scenarios.
Then imagine what would happen if hundreds of counterfeit bars were suddenly in circulation (there were a lot of gold bars with cobalt cores in Germany in 2012!) Certificates of authenticity are even easier to forge. Then you need a trustworthy body to certify the authenticity for you and the buyer.
If you want to avoid this stress, I would go for well-known coins that are difficult to counterfeit. The new Maple Leafs are a safe bet with their engraved hologram.

•

CrashBurner@Psychedelic_Sunflower

10Mo

@Epi The scenario in which I really need gold will hopefully never happen. Then fiat currency would hardly be worth anything and I would gladly disappear from Europe. It may sound a bit paranoid, but you never know.
Thanks, the point about counterfeit protection is really good. I'd only thought about that in passing so far. I'm actually flirting with the half ounce Maple Leaf from 2024. Do the Maple Leaf coins all have this hard-to-counterfeit hologram or just the 1 ounce coins?

••

Epi@Epi

10Mo

@Psychedelic_Sunflower You're funny!
How far do you think 2 coins of gold will get you in your new country? You might be able to finance 2 months' rent with that, because 1 million emigrants will already be flooding the market with gold coins by then. And how do you think you'll get out of the old country with 100 coins? You can't fly. Neither can a boat, in both you will be searched and have to hand in the coins. That leaves the car. Well, and when the security structures have dissolved (see Mexico), you can simply give your coins to the next militiaman, who will let you live as a thank you. 😅
Nah, nah, if you're going to be psycho, then do it properly!

••

CrashBurner@Psychedelic_Sunflower

10Mo

@Epi What would be these "intermediate scenarios" you mentioned in which gold, in whatever form, would be useful? Or do you think gold is a completely superfluous asset if I don't value something sparkly and a bit of bling bling?

••

Epi@Epi

10Mo

@Psychedelic_Sunflower An intermediate scenario would be, for example, a highly inflationary phase, a deep economic crisis, a war, in each of which the social structures remain fundamentally intact and emigration would be unnecessary.
You need a long-term plan for emigration. Which country? How about citizenship now? etc. In general, Bitcoin would perhaps be more flexible, even if there is a risk that BTC will not be recognized in the destination country.

••

CrashBurner@Psychedelic_Sunflower

10Mo

@Epi Yes, these are all valid points and there is a lot of uncertainty in the whole story. I will probably still buy some physical gold as a portfolio addition. Around 5% of the portfolio. An equally high proportion of Bitcoin is already in my wallet.
Thank you for your, as always, critical but justified comments.

••

Epi@Epi

10Mo

@Psychedelic_Sunflower Gold is a great diversifier. Reduces the portfolio volatility by up to half. But a 5% share does nothing. If the markets halve, gold will at most double. A 10% share is the absolute minimum for it to be relevant for the portfolio. 25% is better, 30% the optimum. Nobody likes to hear that, but that's how it has been for the last 50 years and will probably remain for the next 50 years.

••

philoro1@philoro1

10Mo

Hi Chris, coins and bars are often very close in price. At the moment you can buy common #gold bullion coins such as the Krugerrand or Vienna Philharmonic at low prices/close to the gold price. Dealers have bought a lot of goods from customers with the rising gold price. Stocks are correspondingly well filled.

Work out how much 1g of the product costs. Then you will get a feel for it.

If you decide to buy bars, make sure that you buy certified bars (Valcambi, Heraeus, etc.). You won't have to reckon with price reductions if you sell again at some point.

Personally, I would opt for coins. I like the motifs. You can't go far wrong with a Krugerrand, Philharmonic or Maple Leaf. If you prefer classics, take a look at 20Sfr Vrenelis. These are also common.

There are plenty of dealers

•

CrashBurner@Psychedelic_Sunflower

10Mo

@philoro1 Thank you for your answer. As far as I have seen, there is currently a 3-6% premium on coins. Does it make a difference later when selling whether I have bars or coins or do I simply get the gold price for both?

••

philoro1@philoro1

10Mo

@Psychedelic_Sunflower The premium depends on the denomination of the coin. As a rule, the smaller the coin, the higher the premium. For 1/2 oz and 1/4 oz coins, it is currently the 3-6% you mentioned.

For 1oz you can currently get standard coins with a premium of approx. 1.5%.

When selling, it usually depends on the condition of the coins. Heavy scratches, red spots etc. reduce the value.

Dealers sometimes mark down the value of bars if the blister is damaged. However, this should not be the standard.

Depending on the market situation, you will normally get the gold price. At the moment, dealers are buying a lot of goods. That is why they are currently paying -1 to -3 %. This will change when demand picks up again. Then the purchase prices are more likely to return to the gold price (spot).

••

Land S.@Bloekendesschaf

10Mo

I bought my first gold coins in 2006 and have never regretted it. The advantage is that if you want to turn it into money, it takes a little more time than selling a share or similar. You may find another way to cover a financial gap that you wanted to cover with the sale. That's what happened to me several times and I still have these coins. The purchase price at the time was around €600, but I can't remember exactly. That's why I would actually regard gold as an absolute emergency reserve and never sell it again.

••

Opa@PicturePerfect

10Mo

Ever heard of GoldRepublic? I buy physical gold there and they keep it safe.

••

CrashBurner@Psychedelic_Sunflower

10Mo

@PicturePerfect No, but it sounds like a ETC with an option for delivery. Am I right?

•

Opa@PicturePerfect

10Mo

@Psychedelic_Sunflower no they store it for you. I get mail daily about how many grams of which goldbar is mine. They do now give you the option to get it to your home. And to be honest I do not want to have 200 grams at home.

••

CrashBurner@Psychedelic_Sunflower

10Mo

@PicturePerfect i do not want to have that much gold home also but I have an option to store it safely. What is important for me is to always have access to that gold and not being dependent on someone to deliver it to me.

••

Opa@PicturePerfect

10Mo

@Psychedelic_Sunflower if I call this company I can come pick it up or see for myself. Currently this company is only in Netherlands, Gemany and Swiss

••

CrashBurner@Psychedelic_Sunflower

10Mo

The decision has now been made for half ounces of 2024 Maple Leaf. Original as issued by the Royal Canadian Mint and will not be unwrapped

••

Stefan@InvestmentPapa

10Mo

@Psychedelic_Sunflower...that means in a foiled square? Good choice, but of course you can also unwrap them, that's what coins are for.

••

CrashBurner@Psychedelic_Sunflower

10Mo

@InvestmentPapa Yes, I would leave the coins in there so that at some point, if they were to be sold, the question of their state of preservation would not even arise. I mean, I don't want to display them somewhere aesthetically or show them around, so in my opinion they can stay in their packaging.

•

Ali S.@risk_manager_1989

6Mo

Dear Chris, get in touch with me. Instagram Bakhti_ali_

••

CrashBurner@Psychedelic_Sunflower

6Mo

@risk_manager_1989 no, I don't have an Instagram

••

wealth_builder_1734@wealth_builder_1734

4Mo

Coins are 22k
Bars are 24k