Gold And Silver Stacking/Investing

dks · **Reply #30 on:** April 26, 2015, 01:54:37 PM

paper money is always related to some real commodity/value/security in some way

N_N_R · **Reply #31 on:** April 26, 2015, 02:02:54 PM

So paper money won't die unless, let's say, gold dies? And then, if paper money goes crazy as so many fear, this would mean the gold has dropped, too, so what's the point in having gold

Or I'm trying to think way too much.

dks · **Reply #32 on:** April 26, 2015, 04:35:33 PM

if the economy goes down then the securities etc go down and so does the currency. the same happens when a country sells its reserves (e.g gold).

lowering your currency can also be useful and has been done many times to help with exports etc.
that is one of the issues with the euro- individual countries can not devalue (control) their currency so as to make themselves more competitive. if you can not control your currency it is very hard to solve financial problems.

The US and UK have many years of experience in these matters; the euro is just a baby. The Chinese have also entered the game now.

I have no idea what Lithuania was thinking.... joining the Euro now.

Syph007 · **Reply #33 on:** April 26, 2015, 05:22:28 PM

I like 1 oz Canadian Maples.

Gold is wonderful as a market buffer, wealth security and way to grow value without using 'the man'. A pile of cash is worth less after 10 years, but a pile of gold 'should' be worth more in 10 years. Unless a meteor made of gold crashes on earth or something.

dks · **Reply #34 on:** April 26, 2015, 05:28:00 PM

Syph customs should also increase in price in 10 years

N_N_R · **Reply #35 on:** April 26, 2015, 06:12:49 PM

Yeah, all the larger gold coins are juuuust beauties

I have only the Buffalo as 1oz coin. I was a biiiiit disappointed that it came in that nylon certificate vacuum thingie... and that I'm "not allowed" to open it and place it in a plastic capsule

My 1/4 Eagle came in a plastic capsule, though... so their looks don't depend onthe country of origin it seems

I once had a 1/4 Chinese Panda, but then sold it - it came in a nylon vacuum package, too.

wjruth · **Reply #36 on:** April 26, 2015, 09:29:21 PM

Are you talking about a PPG / NGC slab? Those give a grade to the coin as well. You can do whatever you want with your coins, just know you may only get bullion value for it.
Fiat has value based on the GDP of a given country and the health of it's economy. Gold has value based on the limited availability, predictable extraction, industrial use, and chemical properties of a noble metal.

N_N_R · **Reply #37 on:** April 26, 2015, 09:39:16 PM

I don't know what these abbreviations, except GBP, mean, sorry

Well, yeah, I can do whatever to the coins, but if there are fingerprints or scratches on them, I'll get less for them than I can if they're in perfect condition. so if I want my gold bar, for example, to sell for 700 bgn, I mustn't open the vacuum packaging and touch it. if I do, they'll buy it back from me for 647. so if I play with my stuff, I must wait for the gold prices to spike so that I at least don't lose much, let alone have a profit.

David · **Reply #38 on:** April 27, 2015, 01:32:59 AM

One of the things to help understand fiat currency is to understand how the fractional reserve banking works. The Federal Reserve Note (which is not Federal) commonally called the US dollar is no longer backed by gold Roosevelt and Nixon took care of that.. The only thing proping up the dollar is oil that is why it is called the petro dollar now days.

wjruth · **Reply #39 on:** April 27, 2015, 01:58:58 PM

It's called petro dollar because oil is sold in dollars, not pounds or euros. All other currencies must be converted to buy. (and yes this has an effect on the performance of the dollar)
GDP = gross domestic product, what we make and sell within a given year. It is an indicator of economic health.
PPG and NGC are grading companies that grade coins and then place them into a plastic holder with a certificate of grade. I'm not sure which holders you have.
NNR - are there shipping restrictions to you?

N_N_R · **Reply #40 on:** April 27, 2015, 03:33:17 PM

Quote from: wjruth on April 27, 2015, 01:58:58 PM

It's called petro dollar because oil is sold in dollars, not pounds or euros. All other currencies must be converted to buy. (and yes this has an effect on the performance of the dollar)
GDP = gross domestic product, what we make and sell within a given year. It is an indicator of economic health.
PPG and NGC are grading companies that grade coins and then place them into a plastic holder with a certificate of grade. I'm not sure which holders you have.
NNR - are there shipping restrictions to you?

Yeah, GDP, sorry

I was typing on the phone and was already sleepy, lol.

Thanks for the other explanation

Hm.... shipping restrictions for gold or silver? No idea, I haven't bought any online, but I doubt it. A friend of mine ordered some tiny gold bars from Turkey and they arrived without any problem, I think. I once got a coin (over 50% silver, I think) from Belgium in a letter from a friend, again no problem...

wjruth · **Reply #41 on:** April 27, 2015, 05:24:00 PM

Quote

Imports and exports of jewelry containing precious metals (gold, silver and platinum) involving private individuals are prohibited. This also covers watches and gemstones containing these metals.

Private party shipments are limited to $45 and anything over $15 is taxed. Bulgarian money cannot be shipped.
-They really want you to use a business to import anything and seem to be afraid of outside wealth reaching you. That sucks!

Syph007 · **Reply #42 on:** April 27, 2015, 07:36:46 PM

Ive heard of people moving money with gold coinage exploiting a grey area in the amounts of money you can have on person. Take the canadian maple. Its face value as a coin is $50. But the worth of 1oz of gold is $1200.

So if you have $1000 of face value thats 20 coins with total of face value of 1000.. but actual gold value is $24 000.

N_N_R · **Reply #43 on:** April 27, 2015, 08:20:00 PM

Quote from: wjruth on April 27, 2015, 05:24:00 PM

Quote
Imports and exports of jewelry containing precious metals (gold, silver and platinum) involving private individuals are prohibited. This also covers watches and gemstones containing these metals.
Private party shipments are limited to $45 and anything over $15 is taxed. Bulgarian money cannot be shipped.

Where did you read that? %) I've had ordered more expensive stuff to about $50 with the shipping and it didn't go to customs or wasn't taxed at all. It's a matter of ...chance and luck if they "catch" your parcel. And that's why some sellers I've bought from (second-hand from ebay) do not state any price or state a very low value like $5 on the package.

As for BG money... the friend in question, with the gold bars from Turkey, sent a collector in the US a few sets of BG coins from different years. True, most weren't in circulation, but they also arrived successfully. Does that count as BG money, lol

Chako · **Reply #44 on:** April 28, 2015, 12:02:57 AM

I have a friend who has a small box full of silver Canadian coins...back in the day when they actually used silver in the coinage. I myself have quite a few of those, as well as a silver bar...but unsure on that last. I haven't looked at my coin collection much since I stopped collecting it back in the early 90s.

What I do know, I have plenty of gold jewelry that I inherited. It has a lot of sentimental value to me, but in a worst case scenario, that could be my emergency fund.

SAK Guy · **Reply #45 on:** April 28, 2015, 01:19:53 AM

Quote from: Chako on April 28, 2015, 12:02:57 AM

I have a friend who has a small box full of silver Canadian coins...back in the day when they actually used silver in the coinage. I myself have quite a few of those, as well as a silver bar...but unsure on that last. I haven't looked at my coin collection much since I stopped collecting it back in the early 90s.

What I do know, I have plenty of gold jewelry that I inherited. It has a lot of sentimental value to me, but in a worst case scenario, that could be my emergency fund.

I have silver Brit, Canadian and other Commonwealth coins in my collection. Some are expensive to buy now days. That '48 South African Crown is 80% silver.

Chako · **Reply #46 on:** April 28, 2015, 01:21:26 AM

Got me curious...and went to take a look.

Well here is that bar. The package was damaged ages ago which really makes no difference to me.

Interestingly enough, it is from a photo finisher named Sooter's. They were once a big film finisher, and there is a lot of silver in film, especially black and white film. They would collect it and make things like this bar back in the early 80's...

They also handed out these 1/4 gram mini medallions free at the time with a film development. I was able to take a few of them over a time.

I also have one of these as well.

I also have a lot of silver coinage in my old collection as well. Those coin cases in the back hold silver dollars, etc.

N_N_R · **Reply #47 on:** April 28, 2015, 07:44:41 AM

Wow, so having some silver at home is not uncommon at all

Nice pictures, guys

Btw, last night I had a dream about getting some huge silver 1 Swiss Frank

kiak · **Reply #48 on:** April 28, 2015, 08:20:42 AM

Quote from: N_N_R on April 27, 2015, 08:20:00 PM

... the friend in question, with the gold bars from Turkey, sent a collector in the US a few sets of BG coins from different years. True, most weren't in circulation, but they also arrived successfully. Does that count as BG money, lol

Well, I'm that friend in question

I also received some silver coins, sent to me from Qatar - around 7 or 8 Ozt, and i sent Bulgarian silver coins to Qatar.
But the ting is that gold is VAT free, and the silver is not - you have to pay VAT to the customs. On the other hand, you can import gold, but you have to declare it. The only trick that might work is with face value of the coins

I was thinking to ask some friends from US to bring me some silver dollars and if they were asked questions on customs to declare only face value.

N_N_R · **Reply #49 on:** April 28, 2015, 10:10:37 AM

@kiak,

Yeah, thanks for showing up and clarifying the "issue"

So, can they actually "detect" you're sending/receiving gold/silver? What if you're sending just some regular metalish rounds to someone, some cheap .. tin-like stuff, lol

wjruth · **Reply #50 on:** April 28, 2015, 06:37:51 PM

I think you're right when you say it comes down to them selecting your box and getting inspected.
I know people in Europe who ship stuff all the time who say sometimes customs opens their boxes and sometimes it goes through.

N_N_R · **Reply #51 on:** April 28, 2015, 08:25:37 PM

Maybe they wouldn't open the box for something smaller... They judge by the price, I guess. For example, one of my items that got stuck in customs was my SBL ID wallet - a tiny and light thing whose total value was about $40, I think. So... what can be so tiny and light and cost that much? Let's check ... Then the gold-plated Victorinox from TexasToolCrafters - it got into customs again. Something fairy light and tiny, costing that amount of money? Hmmmmmmmmmm sooo suspicious.

I would order a silver coin from eBay without fearing anything so to speak, I've had more expensive things arrive "safely"... I just don't see any with good prices now.

N_N_R · **Reply #52 on:** May 01, 2015, 04:04:07 PM

You guys should make a 1oz gold MTO coin

zoidberg · **Reply #53 on:** May 01, 2015, 04:09:37 PM

Quote from: N_N_R on May 01, 2015, 04:04:07 PM

You guys should make a 1oz gold MTO coin

Nice coins cough cough...

N_N_R · **Reply #54 on:** May 01, 2015, 04:34:53 PM

Yes, I WAS LOOKING for your thread and couldn't find it for some reason.

zoidberg · **Reply #55 on:** May 01, 2015, 05:00:13 PM

Quote from: N_N_R on May 01, 2015, 04:34:53 PM

Yes, I WAS LOOKING for your thread and couldn't find it for some reason.

You got there in the end though.

kiak · **Reply #56 on:** May 02, 2015, 09:18:03 AM

Year and something ago, into an influence of other stackers, I started a Youtube channel to document collecting and accumulating of precious metals. And the channel is almost up to date

I have several silver 1/2 Oz coins that are not filmed yet. So, If you are curious - take a look:
https://www.youtube.com/channel/UC1bdePOfWvQs-iUT_PWAcbQ

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