03-08-2013, 01:48 PM
(03-08-2013, 01:04 PM)MobOfRoos Wrote:(22-07-2013, 03:28 PM)Fulvio Wrote: NCLT is never going to be anything but a losing proposition for most buyers. Therefore it is best avoided entirely. If a particular item appeals, buy it because you like it, but consider it a consumable, not an investment.
I remember a few posters on CCF telling us how they bought Perth Mint products and sold them immediately at a profit.
I don't know whether these posters were on the Perth Mint payroll or whether they were just trying to impress us . If true then they are really just a pyramid scheme. Eventually someone is left holding a coin worth a fraction of what they paid for it. After all, in 10 years time who will remember or care what NCLT was released in 2013.
I'm with Fulvio. I only buy NCLT if it is specifically something that interests me and I certainly would never consider it as an investment.
ALL my Grannybait silver coins and sets have been bought "After market" 99% of which I purchased for Less than the issue price
Most of my "grannybait" coins ARE an investment in Silver for Me and I simply buy what appeals to me and at about melt price is good.
All my Grannybait stuff has cost me about $25 per oz so far and If I keep buying at the moment at about $20-$22 per oz that average will come down.
I have no intention of "Cashing In" the silver for at least 10 years and will do so then after I finally get to Burn my workboots and retire.
They will provide a great pool of "Beer/Fishing money" for me at that stage.
It is nice to have a few kilos of silver in interesting coins rather than in lumps of metal as in bars for this purpose .
Just a way for me to save without the government knowing what I have and taking their cut.
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum
Illegitimi non carborundum