Investing gold

[tRoN]

Now that the dollar may collapse I’ve been told that gold is the best investment now.

What’s the best way to invest in gold ?
By krugerrands online or physical coins ?
What about good shares? ETF’s

I have one of those usd accounts from FNB. How can I just purchase without converting it back to rands ?

 

[Velskoen]

Personally go and buy KRs from a reputable dealer and have them physically in your possession. Don't put them in your safe. Use your head and put them in a "creative" place.

Ignore the "investment experts". Gold is not an investment in the traditional sense. Rather a hedge against inflation and the collapse of fiat money. Plus there is no counterparty risk.

"Gold is money, everything else is credit." JP Morgan

Maybe buy some smaller denominations and consider small denomination silver for real world use.

 

[saturnz]

gold is not an investment, it's a hedge

rather go with silver, it's grossly undervalued in dollar terms and performs the same function as gold

 

[RonSwanson]

 

[Pegging]

Now that the dollar may collapse I’ve been told that gold is the best investment now.

What’s the best way to invest in gold ?
By krugerrands online or physical coins ?
What about good shares? ETF’s

I have one of those usd accounts from FNB. How can I just purchase without converting it back to rands ?

If Covid taught us one thing…

 

[Tabac]

If Covid taught us one thing…


View attachment 1510899

I see your kak paper and raise you

 

[BBSA]

Now that the dollar may collapse I’ve been told that gold is the best investment now.

What’s the best way to invest in gold ?
By krugerrands online or physical coins ?
What about good shares? ETF’s

I have one of those usd accounts from FNB. How can I just purchase without converting it back to rands ?

You can use https://www.bullionvault.com/ if you don't want to go the kruger rand route

 

[Priapus]

Now that the dollar may collapse

Says who?

 

[Snyper564]

If dollar collapses you have bigger concerns. May as well invest in your own home personal infrastructure

 

[Pegging]

Now that the dollar may collapse I’ve been told that gold is the best investment now.

What’s the best way to invest in gold ?
By krugerrands online or physical coins ?
What about good shares? ETF’s

I have one of those usd accounts from FNB. How can I just purchase without converting it back to rands ?

What % of your net worth do you want to put in gold? And for what duration?

You might find that you sell something to buy gold, that could raise a CGT event. Then you buy gold and it does nothing, or goes down. Then you decide fck it, and sell the gold and buy whatever You had before back at a higher price.

And easiest is probably the etf fro ABSA.

If you have extra money then put it in your bond or a broad etf e.g MSCI world index.

 

[Snyper564]

I see your kak paper and raise you

View attachment 1510903

#neverForget

 

[GrootVoet]

gold is not an investment, it's a hedge

rather go with silver, it's grossly undervalued in dollar terms and performs the same function as gold

Problem with silver is you need ~ 60 to 70 1 oz silver coins to equal the value of one 1 oz gold coin. Silver coins range are between R500 and R550 while you will pay currently between R37k and R38k for a KR.

 

[Snyper564]

Problem with silver is you need ~ 60 to 70 1 oz silver coins to equal the value of one 1 oz gold coin. Silver coins range are between R500 and R550 while you will pay currently between R37k and R38k for a KR.

Ill reiterate what I said earlier - are you gonna walk around the Zombie plains with your bag of gold and buy ABC.

If this happens you have bigger problems, if everything goes to poop gold might be just as worthless...

 

[GrootVoet]

Over the last coupe of years I bought every year a few KR for my son. In 2018 I paid 21K for a coin, last one I bought was end of last year at 32K, six months later the price reached 38K. For many years the price was stuck at 18K.

 

[saturnz]

Problem with silver is you need ~ 60 to 70 1 oz silver coins to equal the value of one 1 oz gold coin. Silver coins range are between R500 and R550 while you will pay currently between R37k and R38k for a KR.

I'm not sure how that is a problem.

Not everyone walks around with 30k to buy a coin.

The fact silver is so cheap also makes it more liquid.

 

[Priapus]

Ill reiterate what I said earlier - are you gonna walk around the Zombie plains with your bag of gold and buy ABC.

If this happens you have bigger problems, if everything goes to poop gold might be just as worthless...

Yeah I am not sure where the whole "Dollar is going to collapse" thing comes from. Even my brother was going on about such things...

We'll have bigger issues to worry about if that happens.

 

[Snyper564]

Yeah I am not sure where the whole "Dollar is going to collapse" thing comes from. Even my brother was going on about such things...

We'll have bigger issues to worry about if that happens.

Exactly - once you go down this I need gold route forget about digital options its physical asset or nothing.

May as well become a prepper whilst you at it...


Think bigger picture (if you are thinking like this) you WILL HAVE BIGGER ISSUES THAN WHO WILL ACCEPT MY GOLD

 

[Priapus]

Exactly - once you go down this I need gold route forget about digital options its physical asset or nothing.

May as well become a prepper whilst you at it...


Think bigger picture (if you are thinking like this) you WILL HAVE BIGGER ISSUES THAN WHO WILL ACCEPT MY GOLD

When my brother was going on about it; I ignored. Because he is the same person who supported Trump and gets deep into conspiracy theories.

So yeah.. if you bought gold - and dollar fell on its arse - then what? Can't buy milk with your gold.

 

[Snyper564]

When my brother was going on about it; I ignored. Because he is the same person who supported Trump and gets deep into conspiracy theories.

So yeah.. if you bought gold - and dollar fell on its arse - then what? Can't buy milk with your gold.

Spot on - you will likely get shot on the way carrying your bag of gold to buy a bucket of milk...

 

[airborne]

When my brother was going on about it; I ignored. Because he is the same person who supported Trump and gets deep into conspiracy theories.

So yeah.. if you bought gold - and dollar fell on its arse - then what? Can't buy milk with your gold.

If it did happen eventually you would be able to buy milk with “gold”, your paper money would be absolutely worthless. Gold is the ultimate hedge of all things but whether we actually get to the point where it becomes useful is another thing all together.

Then again look at all the countries in recent years being hammered with huge inflation, those poor suckers would have wished they’d stored some of their wealth in gold and the way South Africa teeters on the brink having some cash in gold isn’t the worst idea. But having more than a few hundred thousand rand in gold on your property would be pretty stupid. I’d say have a bit, if the sht hits the fan it will certainly buy you things even in the most dire circumstances where no amount of fiat currency or big bank accounts will be able to.