Tips for all you new stackers.

[Clawhammer]

Jules can you explain a bit more what you mean by

Gold - buy the above plus bullion Oz $200 coins plus sovereigns plus kruggerands

Kind regards

H

and also this...

when the price at is the right margin for your purchase plan.

?

 

[JulieW]

mmmm. brevity can be a problem!

Gold - buy the above plus bullion Oz $200 coins plus sovereigns plus kruggerands

Buy 0.9999 gold until you've discovered the pluses and minuses of Oz $200 coins, sovereigns and kruggerands.
0.9999 has a market anywhere at a specific margin (ie sellable at spot at worst). The margin on the other coins depends on the seller (and buyer) and so the purchase of non 0.9999 coins is to do with expanding your saleable/tradeable stock range. For example, look at the ease with which 0.9999 coins sell on this forum relative to spot compared with the other types (perhaps not so much with sovereigns). Personally if I was starting up again I'd stick with 0.9999 all the way, but I've found it 'comforting' to hold coins that are sellable in most markets. (e.g. sovs in UK, Krugers in Asia) AU$200 are a good hedge against currency devaluations and gold seizures I've been told and so they get into the picture as well. (yes I know - unlikely, just like record floods)

and also this...

when the price at is the right margin for your purchase plan.

?

When you've lots of fiat and not much metal I think it's worth paying a bit more premium to convert quickly into metals. (I'm an immense pessimist about the value of fiat on any given day). When I don't have much fiat I'm much more picky about premiums, mainly because I hate to miss a bargain. But what I'd really hate is to be sitting on fiat for 2 or 3 ounces looking for a bargain and the chart leaps away taking a quarter of an ounce with it.

Actually if I have fiat lying around I only have to have a session with the internet and the reality of world economics to get me scouring sites for coins to buy - but as I said I'm likely more paranoid than the average punter.