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So, I searched the internet to see where to buy it (Krugerrands, Sovereigns) and I see a few sources. But: there is an interresting difference in price of coins. I can buy Sovereigns "just around the corner", but they cost about 6% more then buying a couple of hundreds of kilometers away (which is a nother country here in Europe!).
My advice: go to that store, buy one Sovereign and carry it in your pocket for a couple of weeks. Take it out and play with it once in a while, comparing it to other non-gold coins and objects. You will leard to spot the difference very quickly.
[quote=cedar]Thank you. I understand your comments. Am wondering why I sense a negative view of gold investors by non-gold investors? It feels different than, for example, whether you think Google or GM is a good investment.
I am fairly new to the scene as well, but one of the points I feel i’ve grasped fairly well is this:
The term "gold investor" is an oxymoron. The reason is that gold is a hard asset. It does not and cannot increase in true value by itself (i.e. it does not self replicate). It only increases in nominal value when measured by something else. Nowadays it is paper money that is used to measure the value of gold, when in reality it is the other way around, it is the price of an ounce of gold (and all other tangible assets) that shows how far paper money has depreciated. Gold is a store of value, nothing more, nothing less.
In the 30’s a car cost roughly $600, or 30 ounces of gold. A decent car nowadays costs $25000, or roughly 30 ounces of gold. See my point?
Now here’s an interesting concept – could this lead to a World Currency some day?
It may well be. The unification of Canada, the US, Mexico and the EU can’t be too far beyond the horizon. I bet the Ameuro isn’t far beyond that.
I’m afraid the epidemic seems to be global, there are no "uncharted territories" where one can escape to and be free…. We have to stand and fight.
here’s the link:
Hi Fujisan, I am not Belgian, I just happen to travel to Brussels frequently on business. I use http://www.eurogold.be mainly to check prices, but I have on occasion bought physical gold (coins) from them. They never asked for ID, but I always bought in small quantities, ie well below the 10,000 euro mark. Thanks for the link to Munters, I will look at them as well. As far as silver, I don’t know any places that handle it in bullion form, other than various internet retailers already linked here. Silver is FAR easier to find and seemingly more popular in North America.
I can only speak for Romania having lived there for the last 2 yrs. There was (still is) indeed a relatively massive boom in RE prices especially in the capital. Prices strated out from 1/100th to 1/10th what they were in Western EU and have risen occasionally 100 fold over the last 7 years to reach the EU median. The percentage increase is extraordinary but as I see it the overshoot not overwhelming. While most RE developers have stopped building, the actual number of housing units built is barely sufficient to cover current demand. This means that once the initial shock passes, people could start building and buying again, especially as their incomes slowly approach their western counterpart levels. In addition, the Romanian economy is kept fairly busy with infrastructure and other developmental work.
On the downside, the use of gold and silver as money or as a store of value is unfathomable to 99% of the populatrion, despite having lived through significant inflation for 15 of the last 20 years.
But Mark, how could they charge you anything after the sale? They’d have to know you have the gold, so unless you leave a paper trail you’re safe!
In Belgium you can try http://www.eurogold.be. Nearby there are a number of small gold shops that sometimes have coins in stock at fair prices.