Posted 02/29/2020 7:27 pm
Hello my online friend and thank you for your response , but I am in the lucky country, the land down under ! ! !
HERE there is NO ' spot price ' for gold , gold in Australia is about earrings or wedding rings but if you asked 99 % of people they would have no clue as to ' spot price ! ! !
Australia is literally the OTHER side of the PLANET ; 99 % of people could not understand the spot price of gold if you offered them 50,ooo dollars as an incentive.
What I mean is simple ; more major populated countries follow the spot price and wonder if it will go up or don by 75$ , but in Australia it is an unknown thing to the vast 99 % majority.
I would love to buy gold at close to spot price LOL but reality gets in the way.
Lets consider this ; I can buy a raw ungraded coin with free postage from the Perth Mint and have it shipped for FREE or I can buy a graded 70 coin from online.
ALMOST no one in Australia would pay a lot of money for an ungraded gold coin; it is so far outside their experience they would not consider such a deal . . .
So I must buy graded coins at 62 cents in the dollar then add postage and another 10% import duties so the politicians can afford their travel expenses ! ! !
But by owning graded 70 coins I can prove they are real and valuable and sell them as a " work of art " , regardless of spot price it would not help me since I would be selling my coins as scarce ' miniature works of art in gold '.
AS to selling scarce things I have some personal experience like selling gaming cards for many thousands of dollars so that gives me hope LOL ;)
BUT at the moment the plan is to leave these precious metals to my kids and grand kids , but if they fail to call me on national and secular holidays maybe I will go out and sell these coins and buy myself a round the world cruise :)
But I would love to consider the spot price of precious metals as a buying feature LOL ! !!
HERE there is NO ' spot price ' for gold , gold in Australia is about earrings or wedding rings but if you asked 99 % of people they would have no clue as to ' spot price ! ! !
Australia is literally the OTHER side of the PLANET ; 99 % of people could not understand the spot price of gold if you offered them 50,ooo dollars as an incentive.
What I mean is simple ; more major populated countries follow the spot price and wonder if it will go up or don by 75$ , but in Australia it is an unknown thing to the vast 99 % majority.
I would love to buy gold at close to spot price LOL but reality gets in the way.
Lets consider this ; I can buy a raw ungraded coin with free postage from the Perth Mint and have it shipped for FREE or I can buy a graded 70 coin from online.
ALMOST no one in Australia would pay a lot of money for an ungraded gold coin; it is so far outside their experience they would not consider such a deal . . .
So I must buy graded coins at 62 cents in the dollar then add postage and another 10% import duties so the politicians can afford their travel expenses ! ! !
But by owning graded 70 coins I can prove they are real and valuable and sell them as a " work of art " , regardless of spot price it would not help me since I would be selling my coins as scarce ' miniature works of art in gold '.
AS to selling scarce things I have some personal experience like selling gaming cards for many thousands of dollars so that gives me hope LOL ;)
BUT at the moment the plan is to leave these precious metals to my kids and grand kids , but if they fail to call me on national and secular holidays maybe I will go out and sell these coins and buy myself a round the world cruise :)
But I would love to consider the spot price of precious metals as a buying feature LOL ! !!
To the Forum.
