So when is the Website 'Panda Stackers' coming on line? There are a lot of us in Melbourne holding our breaths in anticipation 'ka' REDBACK
i guess you could say i'm investing and a collector too? i started out buying silver just because i'm worried about the future, but now i've also become a collector. I think it's because of everyone on this forum and reading about the different kinds of silver they collect.
Ran that quote by my Psychiatrist..He said it smacked of NarssissiNarrcestuNarcisistiNarcistifibro..buggerIt was like Narcissistic but harder to pronounce. REDBACK
When I was new to the precious metals market my opinion was like yours. No longer. I agree w/ Yennus. Another point is diversity. Cheapest bullion, junk silver (1964 or older here in the USA because it is recognizeable currency), and rare coins. Prices are manipulatied. Rare coin prices are less manipulated and retain value. Many wealthy own lots of bullion and rare coins or numimatics. It is the best of the bullion or precious metals market. A Yugo will get you from point A to B but a Porsche is much better and will retain value. Maybe not a good example. Newbies want the cheapest because they do not understand the market. Usually 1 to 3 yrs before they wise up. Seasoned folks gravitate to rarity and numimatics. Best to own some of each. It will be interesting to see how long it takes for you to get into the rare coin market.
Yess but Liquidity,Liquidity Liquidity A great Holden is easier to liquidate than a porsche,no body's talking about a Horse and cart here. REDBACK PS i forgot hide Sell Sell Sell as Investment,Investment,Investment
There is the fear/risk, that one morning, I get out of bed, and I'm the only coin/Panda investor in the world. However, considering that a Greek silver decadrachm recently sold for $2,918,810USD (http://www.wealthwire.com/editors/brianna-panzica); I'm fairly confident that this scenario isn't likely to play out in my lifetime - especially with Asia generally moving up the prosperity chart. But yes, there are risks to investing in Pandas. The biggest risk that I've encountered on the buying side is: Quality: The beloved Panda I purchased in OMP didn't grade as high as I hoped. E.g. A 1/2oz Silver 1995LD OMP sells for around $90each A 1/2oz Silver 1995LD MS67 $50 A 1/2oz Silver 1995LD MS68 $90 A 1/2oz Silver 1995LD MS69 $150 A 1/2oz Silver 1995LD MS70 $1000-1500 Many times I've purchased an OMP with hopes it would score well, but it scored less than expected. But with adequate homework, you should hopefully be able to minimize (but not eliminate) the risks.
I agree with Yennus here , quality means everything with the more rare date pandas and mcc , but I also think there is a little risk if you are buying at already top prices on some of these as the market can slow on a coin that was talked up and over inflated especially if someone dumps a bunch on the market at one time. In my opinion though it is a very fun and even mysterious market to be in.
The thing is how many of you guys will seriously have the guts to sell your beloved numi's even if they made a 1000% profit ?
I'm constantly selling/trading/bartering my Panda investments. It's how I get to invest in even more Pandas.
Thats the best analogy I've seen in this section.Its the concise simplicity of your example that out preforms other examples given here. Extremely hard to argue against in reality.Theoretically without any money changing hands i can call on literary skills and paint a pretty picture. +10 Hotel46 REDBACK
Hotel 46 is wise. It is true, the higher up the pyramid you go, the less buyers there are. However, it is also true, the higher up the pyramid you go, the buyers have a greater ability to pay. Unfortunately the 10oz PM bar is still only going to have the purchasing power of a 10oz PM bar in 10, 20, 100years time. Whereas that expensive coin may have a much higher purchasing power than what it currently does in 10, 20, 100years time. Bullion stores value - it doesn't grow it in real purchasing value. Numis can grow in value - in real purchasing value (yes, it can also lose real purchasing value). [risk/reward]
Think you missed the point Yennus,though an excellent panda sales pitch once again.Liquidity is not an easy lady to court in a tightening Market.You may also find your rich buyers have built their wealth on a pyramid of credit and may experiance cash flow problems as readily as the small time investor. And as for the 10oz bar example you used,that's a stupid example. I would rather have 500 x 10 oz bars than 1 x 150k coin. Have owned Adelaide pounds and 10oz bars....guess which were the easier to liquidate? REDBACK
Wasn't selling Pandas... was selling the idea that bullion is a store of value (not a means of real growth), and that in a tightening market, the people with liquidity are likely to be at the higher end of the pyramid rather than towards the bottom. Similarly, even your 500x 10oz bars will only keep pace with inflation (+/- a few percent), but a well positioned $150K coin (or a portfolio of coins) is likely to do much better and grow in real purchasing power.
