ssh.... HEADS UP! Lunar Dragons (2012) for $40 each... SWEET
- Thread starter 1for1
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Matthew 26:14
New Member
I agree, $40 a pop is a good price but the risks are:
1. Spot silver drops, leaving you paying too much OR (more of a concern),
2. It's not nice to say but companies for a variety of reasons go bankrupt or out of business. What if BB were to go bankrupt sometime over the next 3 or so month? Your investment would be left high and dry and you would become a "creditor" maybe getting back a cent in the dollar if you are lucky.
1. Spot silver drops, leaving you paying too much OR (more of a concern),
2. It's not nice to say but companies for a variety of reasons go bankrupt or out of business. What if BB were to go bankrupt sometime over the next 3 or so month? Your investment would be left high and dry and you would become a "creditor" maybe getting back a cent in the dollar if you are lucky.
I just can't bring myself to order and pay now and take delivery in 3 months. You can never be sure what's happening behind the scenes and if the company you have ordered from (and paid) goes out of business you have more than likely lost your money (ATO and secured creditors like the bank get paid first). My dad always said that you should never pay in advance and if it's a deposit never more than you would be prepared to lose - it's something that stuck with me I suppose.
The fact that I can walk around the corner and into the Perth Mint makes me think I should be able to get hold of these. I can wait out the front on release day and literally walk into the place and order some.
The fact that I can walk around the corner and into the Perth Mint makes me think I should be able to get hold of these. I can wait out the front on release day and literally walk into the place and order some.
Elemental said:
In fairness to BB they've been around for 3 years and apart from some communication issues have a good reputation. Still, your advice elemental is worth heeding and at least considering.
MatrixOpals said:
Or less when the arse drops out of the POS.
Elemental said:
Just be aware that often resellers sell below what the Perth Mint sells at due t bulk purchase discounts. Buying the odd coin or two from the Mint will most likely be a more expensive way than sellers such as those on Silver stackers
GenYTrader
Member
I am going to wait out until closer to the release date....In the meantime I would rather take immediately delivery of Koalas and then get the Lunar when the time comes (hopefully not all sold out in pre-orders!).
Waiting until they're released officially, and with a design!
Unfortunately I think they're attracting artificial premiums at the moment. Time will tell to see if I am right with the prediction.
Unfortunately I think they're attracting artificial premiums at the moment. Time will tell to see if I am right with the prediction.
GenYTrader
Member
RetardedMonkey said:
Artificial premiums? They are the same price as the 2010 Koalas???
Matthew 26:14
New Member
Just because a company has been around 3 years (like Bullion Bourse) doesnt mean they will be around in 3 months time. Just a word of caution thats all, I know nothing specific about Bullion Bourse but its just good general advice.
Ansett was around about 70 years... gone. One.Tel had the Murdoch and Packers own it.....gone. HIH insurance, with 5+ billion in debts....gone. Centro Properties worth billions.....into liquidation, the list can go on.
Just offering a word of warning if you part with your cash for their offer there's a risk, you judge if its small or large, that you might lose it all.
Ansett was around about 70 years... gone. One.Tel had the Murdoch and Packers own it.....gone. HIH insurance, with 5+ billion in debts....gone. Centro Properties worth billions.....into liquidation, the list can go on.
Just offering a word of warning if you part with your cash for their offer there's a risk, you judge if its small or large, that you might lose it all.
Matthew 26:14 said:
Which is exactly what I said - "your advice elemental is worth heeding and at least considering". I'm also saying that while buyers should always exercise due caution, it is not up to members of a public forum to single out a company and cast doubt in the mind of others about that business's liquidity.
You tread a fine legal line matthew comparing the likes of one business to those you've listed and I would advise all members to be cautious in their appraisals of businesses on this forum.
Yeah the Lunar Dragons frenzy has been a lil weird imo.
Everyone who has bought thinks ( with 95% certainty ) that all is gonna be ok, and that they will pay for the Lunars
$40-$45 and when they get them they will flip them for at least $80 ( excluding any increases in SPOT ).
hehe
I havent bought one, nor am I planning to buy any.
Good Luck to you all.
Everyone who has bought thinks ( with 95% certainty ) that all is gonna be ok, and that they will pay for the Lunars
$40-$45 and when they get them they will flip them for at least $80 ( excluding any increases in SPOT ).
hehe
I havent bought one, nor am I planning to buy any.
Good Luck to you all.
THUCYDIDES79 said:
This could be the smartest judgement call ever. We'll see in a years time
Judging by the premiums on the tigers are the moment, I think the dragons will do the same, assuming the design isn't too shabby!
slevin88 said:
Well judging by what everyone else is doing, i do believe that they should have a decent premium upon release.
But than again, the Perth Mint knows that, so does the Bullion Bourse, so do other dealers who have been selling them. - and Yet they
have been selling them for $40-$45 a pop.
Its a lil strange - i dont know whats gonna happen when the time comes, but im not gonna tango with them.
Doesnt mean that the buyers wont make money of them.
anyways, Godwilling il hang around the forums and eBay and il see/read what happens with them.
also, i am not the biggest fan of Perth Mint/Maples/ASEs/Philharmonkers, etc prices and tend to buy silver that is priced around spot and not
spot + $7 per coin
Yes, people are buying them at $40/$45ish each expecting them to instantly jump to $60 each upon them being sold out at the mint.GenYTrader said:
This is what my train of thought is leading me towards at the moment.THUCYDIDES79 said:
Going to start going for as many ounces as possible soon.
+1. I'm not trying to be critical of the choices of product that members buy - but sometimes I think this forum generates it's own hysteria, ie, there have been a number of "mini bubbles" that I've witnessed in the past 6 months or so. First one that comes to mind.........Andean cats. 
I try not to participate in buying what's fashionable (I'm wearing a flanno at the moment and my glasses are broken), buying value is my first priority. Although with the talk of Orianas a couple of weeks ago, I'll admit, I pulled the trigger and ....... well, you know.
I try not to participate in buying what's fashionable (I'm wearing a flanno at the moment and my glasses are broken), buying value is my first priority. Although with the talk of Orianas a couple of weeks ago, I'll admit, I pulled the trigger and ....... well, you know.