Why don't you own a set yet /Biz/? >Low premium >Fine

>>1176698
Suuuure, when the economy collapses, people will still care about soft metal.

Buy shovels, guns, and blue jeans if you're really scared.

>>1176698

>Take an instant 9% loss when buying at spot
>No utility
>Doesn't pay interest
>Doesn't pay a dividend
>Huge downside

Why do people even bother?

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>>1176712
>Doesn't pay interest
>Doesn't pay a dividend

Don't you understand that the taxpayers fund your intrest and dividends when things go south?
Essentially you are paying yourself, but using a middle man. Well done.

>>1176718

The mental gymnastics here are amazing

>>1176712
I know a bullion dealer in Kalamazoo Michigan that sells bullion at 1% over spot price.

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>>1176698

>Not buying coins to escape CGT

Risky mate

>>1176698
I buy gold as a hedge.. I don't buy them purely for shiny glittery jolly-time.. I buy stocks so when the stocks do poorly, my gold grows in value.. When my gold prices tumble, my stocks gain in value.. I never lose.. its win-win, or at the worst, just recoup my losses

>>1177093
You got robbed buying such small amounts of gold with the markup m8.

Those philharmonics are beautiful coins though.

>>1177081
Is he a refiner? He can't be selling certified bullions from respectable companies at 1% over spot.

>>1177093
>implying when the collapse occurs there will be a CGT

Don't tell me you are willing to endlessly take it from the keynesian tyrants in charge.

>>1177235

This.

If you treat gold as a Shit Hits the Fan backup there is no guarantee of being able to liquidate it.

Yes you can find people to buy at spot price, but trading and not getting jacked when you do it is always a concern, especially for large amounts, and reputable buyers are around 5%.

Its pretty difficult to buy and sell moderate amounts regularly without a 10% loss.

Frankly I don;t see the point in physical gold anymore.

>>1176698

Too pricey.

>>1176698
Because Warren Buffett said precious metals are fucking dumb and produce nothing.

>>1177698
>Frankly I don;t see the point in physical gold anymore.

Central banks are not only holding onto their gold but, on a net basis, they are increasing their holdings of gold. (Yes, I am well aware that the Canadian central bank sold all of their gold.)

The reason the central banks hold gold is to hedge against a wipeout in the international monetary system. It's on shaky legs right now and it should be obvious to anyone who bothers to look.

Every developed economy is running ZIRP and QE programs and this has been going on since 2008. For Japan, it's been two decades.

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>>1176698
>implying i don't turn all of my liquid cash into physical gold bullion so i can bury it in my backyard to keep the gubmint from touching it