From what I gather from YT stackers who have the coin, there is little value add with grading. They fetch 1000 USD on eBay today. Also, the AUS market for the coin is significantly smaller than the US, I think your prospective buyers are unlikely to offer the amount spent on grading in addition...
Hedging currency and race to the bottom are mutually exclusive.
It does raise some questions about fiat portfolio holdings, which has been discussed in a thread called 'Gold hedge' in the gold forums recently. USD is probably still the best horse in the glue factory.
"Do as I say, not as I do."
Central banks cutting interest rates, restarting QE. They want you to keep spending and consuming, especially financial products i.e. debt. Then, they buy massive amounts of gold bullion and store it underground.
Major L
Anyone planning on buying one of these coins?
Huge hype with bullion dealers offering a buyback price much higher than issue price.
With 30,000 mintage, these will go very quickly.
Available 14 November 12pm ET, 15 Nov 4am Melb/Syd time...
I have ~15k AUD in bank and ~ 3k AUD and USD physical currency.
I don't want to have any cash on me besides the 3k above.
I have 3.5oz gold and 100oz silver, most of which I bough this year just after the big move in June/July.
I definitely want to get my money out of the bank, but I’m not...
This could be huge.
If your local dealer doesn't have any stock to sell you, your stack stops growing.
I (and likely others here) would like to continue stacking through this bull run.
If this state becomes protracted, it could throw the physical market.
Galt, don't push your luck.
There's no way 1:1 is happening.
5000 years ago, gold and silver pieces had different values.
History repeats.
Theres a user in this forum who has a signature 'gold is wealth, silver is money'.
I think that's much more likely to happen in my lifetime.
Return of the...