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 Replies: 83 / Views: 8,969 |
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Pillar of the Community
Canada
2845 Posts |
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If they sold buillion directly to the public, I bet fewer people would but NCLTs once they compare the costs. But I'm sure more people would start buying buillion
Yikes, NCLT is not an investment product, it's coins people collect because we like what we buy. But precious metals, of all the various types of investments, is considered High Risk considering its historical volatility. So for RCM to intentionally entice coin collectors, especially a sector with low level of investment knowledge, into switching over to physical bullion products under the guise of it being a cheaper alternative would be hugely problematic because of government regulations that businesses in the investment industry must abide by. |
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Pillar of the Community
Canada
5324 Posts |
Most of us who collects whatever are pretty darn smart in what we do, you can walk into any RCM bullion dealer like Canadian Coin and buy as much as you want no questions asked, one would guess it's the same with all the online bullion dealers, wire the money, send you the bullion. As regards to NCLT coins, just too many issues and useless themes are catching up to dealer overload and constant sales. Edited by john100
08/19/2016 10:37 am
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Pillar of the Community
Canada
798 Posts |
I called customer service this morning and she said the wooden box program for the platinum members has ABSOLUTELY been cancelled and replaced with redemption code.
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Valued Member
Canada
354 Posts |
Hi JGG. Did she mention when the redemption codes would be going out?
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Valued Member
Canada
430 Posts |
I spoke with a general telephine rep, and that because I spent more then $2,000 under the old program (from 2015-2016), that I do receive the box. I think some reps are getting confused with the current program (no box, but redemption code) vs. last years platinum club advantages.
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Pillar of the Community
Canada
2019 Posts |
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Yikes, NCLT is not an investment product, it's coins people collect because we like what we buy Well NCLT are sort of like bullion in one way, but neither are "investments" , while a few increase in value most wont. Silver and gold are more of a store of wealth plus their purchasing power increases over time. Most gurus throw around a number from 1 to 20 percent of your "portfolio" should be in silver and gold. I like 50/50 .... 50 percent gold , 50 percent silver  Well "some" cash is good to have stored as well I guess. If you could sell most NCLTs you bought today 10 or 20 years from now and get the same amount of money you purchased it for then it would have been "storing wealth" Quote:
The definition of "investment" is the commitment of money or capital to purchase financial instruments or other assets in order to gain profitable returns in the form of interest, income or appreciation of the value of the investment. Through this transfer of capital, in the expectation of a profit, an investor gives up their capital and puts it at risk. In return, the investor receives dividends or interest as compensation because their capital is at risk; they may get back less than they invested, or they may get back nothing at all.
In contrast, physical gold bullion or physical paper currencies locked in a vault are not invested; they are simply being stored. Since neither is invested, they don't earn interest or dividends, but gold doesn't have any counterparty risk.
The major difference between gold and currencies kept in a vault, however, is that gold's purchasing power increases, while paper currencies lose purchasing power over time.
http://bmgbullion.com/gold-bad-investment/Edited by Northerncoins
08/19/2016 1:59 pm
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Pillar of the Community
Canada
2845 Posts |
Quote:
Most gurus throw around a number from 1 to 20 percent of your "portfolio" should be in silver and gold.
Yes, every investment portfolio should contain a certain percentage of gold and silver. RCM does little or nothing to educate it's customers about NCLT bullion content, mainly because advertise that they sell coins to collect. If their customers are buying NCLT believing it's an investment - how did that happen? As far as NCLT being considered as "storing wealth".....I suppose in a sense it is, much like any other product or goods generally has a certain amount of resale value. But if coin collecting, whether NCLT or circulation, has become overly focused on the opportunity to make money, perhaps that's the reason why interest in the hobby is declining. It's never been considered an investment and one only has to glance at a Charlton Volume 2 to notice why not. |
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Valued Member
Canada
292 Posts |
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Hi JGG. Did she mention when the redemption codes would be going out? On my email, the fine print says the following: "Masters Club Rewards are earned on all Eligible RCM Products. Redemption codes will be provided within 12 weeks of the end of the Program Year. Redemption codes can be applied towards any Eligible RCM Products, excluding products referred to as subscriptions, offered for sale, subject to product availability." *Edited for error* Edited by cookiecutter
08/19/2016 1:38 pm
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Pillar of the Community
Canada
2019 Posts |
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As far as NCLT being considered as "storing wealth".....I suppose in a sense it is, much like any other product or goods generally has a certain amount of resale value Thats true, but most of what people buy today will be mostly worthless in 5 to 10 years or less. I mean that micro wave , stove, fridge , washer, dryer etc etc etc etc the list goes on will have zero valve, might even cost you to get rid of it. Dont even get me started on modern vehicles. NCLTs will always have a min spot value but even the less desired coins are still worth at least 50 percent of purchase price, many others are still selling for around their purchase price or more. While people can say they just buy them because they like them, at some point the value has to be factored in, if you die with hundreds of NCLTs, someone will have to deal with valuing them all for your estate/will what have you. Edited by Northerncoins
08/19/2016 2:13 pm
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Pillar of the Community
Canada
6768 Posts |
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Dont even get me started on modern vehicles.
many currently rare cars back in time were "just modern cars" so might be in 30-40 years, your standard Cadillac CTS (for example) will be rare vintage car  and you right bullion value in the future of all current NCLT |
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Pillar of the Community
Canada
2845 Posts |
Quote:
While people can say they just buy them because they like them, at some point the value has to be factored in, if you die with hundreds of NCLTs, someone will have to deal with valuing them all for your estate/will what have you.
Yes that's true, the value of ALL assets will be determined by the Executor. But surely none of us are collecting NCLT for the prime reason of leaving something meaningful to beneficiaries of our estates? Maybe it's an age thing but I have absolutely no expectation that my adult children are interested in the same things as me. Once I reach a certain age (assuming I do) I'll either give most if not all to whoever I choose or sell it. Leaving coins to be distributed through an estate to beneficiaries who may have no interest in collecting is not always the right thing to do. What often happens is it gets sold at rock bottom prices to a "We Buy Silver" ad in the paper or on kijiji. Edited by wildflowerAB
08/19/2016 3:02 pm
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Pillar of the Community
Canada
2984 Posts |
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well COINSPLUS email sounds like they are getting the wooden collectors box. or am I reading it wrong.? Quote:
I called customer service this morning and she said the wooden box program for the platinum members has ABSOLUTELY been cancelled and replaced with redemption code. Quote:
I spoke with a general telephine rep, and that because I spent more then $2,000 under the old program (from 2015-2016), that I do receive the box. I think some reps are getting confused with the current program (no box, but redemption code) vs. last years platinum club advantages. It's ridiculous that the RCM can't get their act together. One telephone rep says absolutely that the wooden box has been cancelled. Another says a person who spend more than $2000 under the old program will get the box. It's contradictory; if the program is cancelled how can some people get the case? And if people who spend more than $2000 during the 2015-2016 year get the case, then a lot of people, including me, should get one. |
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Pillar of the Community
Canada
798 Posts |
At this point, I think that whomever calls and complains will get a box ...
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Pillar of the Community
Canada
2019 Posts |
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But surely none of us are collecting NCLT for the prime reason of leaving something meaningful to beneficiaries of our estates? Not the prime reason no , you need to have an interest in collectoring NCLT but its definitely a factor for some, I have heard it time and again that they will be leaving some if not all of their collection to their child/children grand children etc. But most collectors will most likely end up unloading part if not all of their collection for one reason or another before checking out. Edited by Northerncoins
08/20/2016 09:36 am
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Pillar of the Community
Canada
6768 Posts |
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I have heard it time and again that they will be leaving some if not all of their collection to their child/children grand children etc. I think, Wildflower absolutely correct about the destiny of such collections. As I seen not a once, the kids login to the forum like this, and asking about "value of bunch of the coins the Dad has left". But have to admit, I've kept a side 3-4 coins for both kids, just as "example" of collection. And their birth year Silver Loonie...that's all. |
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Posted 08/19/2016 10:36 am
