In my eBook, Gold Basics, I made a point of stating to stay away from numismatics – i.e. coins that have a collectible value over and above the normal retail value of the Gold (or silver) content of the coin.
The point is, that these require a specialised knowledge and that the excess value is not underpinned by the actual Gold. It is simply speculative value.
We are after a stable store of value over time – Gold; as much of it that we can get for as little fiat as possible.
It has been brought to my attention that this particular piece of my advice is now in error. Many thanks to reader RW. Here is what has changed.
Why is it now wrong? Easy, a situation has developed that did not enter into my considerations. For whatever reason (maybe the number of people now iterating the same advice), the premium paid for numismatics is now close to zero. Demand has collapsed. In other words, you can buy some numismatics for very little more than the normal retail value of the Gold content.
So now you can buy numismatics that will not only stably hold the value of your wealth, but that carry a likely major bonus. If we can get Gold circulating again and lift ourselves out of this unholy debt mess, then the collectible value of these numismatics will return with a bang.
It is an unusual situation of almost zero risk for the possibility of large gain.
It won’t last long.