"... unless this is a simple New World Order plot to deter you or I from buying gold ingots?" ...
Yes! EXCELLENT comment as a POSSIBILITY :o) (I hadn't thought of that. Durrr, me!)
Nonetheless ... it does also seem that the LEGIT and trust-able gold traders tend to recommend numismatic (coin) gold over bullion (for the SMALLER investor, that is, I guess).
A few of their reasons are -
a) Coins are guaranteed in their metal content by Governments, which, despite the SHIT that 'we here' know about Governments, are nonetheless 'statistically' a lot more transparent and accountable than the private refiner. This produces a currency of recognition, which is why, for example, certain troops involved in foreign operations have gold sovereigns sewn into their clothes. The form and stamp are 'universally' recognised - which can easily mean the difference between life or death in such unpredictable, dangerous circumstances.
b) There is a history of laws being introduced to prohibit and confiscate bullion, (look it up). Not so with coin, which derives some cover from its historic/'collectible' aspect (that bullion lacks), amongst other protection mechanisms.
c) Coins are smaller divisions of precious metal, thus directly usable** for many day to day practical trading purposes, in case of severe currency crises - such as are HIGHLY probable within the next few years. This is not 'an abstraction'. In parts of the world where hyper-inflation and catastrophic currency collapse exist TODAY, gold coins (or others small forms) ARE the only operable 'money' (meaning differentiated from barter) - and are what is therefore used.
** (And for a similar reason, silver coins are useful for trading for less expensive items/commodities than gold ones are, in times of emergency ... therefore try to have some of both).
1 comments:
"... unless this is a simple New World Order plot to deter you or I from buying gold ingots?" ...
Yes! EXCELLENT comment as a POSSIBILITY :o) (I hadn't thought of that. Durrr, me!)
Nonetheless ... it does also seem that the LEGIT and trust-able gold traders tend to recommend numismatic (coin) gold over bullion (for the SMALLER investor, that is, I guess).
A few of their reasons are -
a) Coins are guaranteed in their metal content by Governments, which, despite the SHIT that 'we here' know about Governments, are nonetheless 'statistically' a lot more transparent and accountable than the private refiner. This produces a currency of recognition, which is why, for example, certain troops involved in foreign operations have gold sovereigns sewn into their clothes. The form and stamp are 'universally' recognised - which can easily mean the difference between life or death in such unpredictable, dangerous circumstances.
b) There is a history of laws being introduced to prohibit and confiscate bullion, (look it up). Not so with coin, which derives some cover from its historic/'collectible' aspect (that bullion lacks), amongst other protection mechanisms.
c) Coins are smaller divisions of precious metal, thus directly usable** for many day to day practical trading purposes, in case of severe currency crises - such as are HIGHLY probable within the next few years. This is not 'an abstraction'. In parts of the world where hyper-inflation and catastrophic currency collapse exist TODAY, gold coins (or others small forms) ARE the only operable 'money' (meaning differentiated from barter) - and are what is therefore used.
** (And for a similar reason, silver coins are useful for trading for less expensive items/commodities than gold ones are, in times of emergency ... therefore try to have some of both).
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