Showing posts with label Antiques and Collectibles. Show all posts
Showing posts with label Antiques and Collectibles. Show all posts

Monday, January 31, 2011

I am excited to see Austrian gold coins.

The end of the academic year has already started. I would be extremely busy until April 15th. It is not the period to accept invitations to speak at women’s club. I declined the invitation to be a guest speaker but agreed to go to the mini exhibition cum sale of gold and silver coins organized by a famous coins collector though I have no intention to buy gold coins until I am free of my yearly commitments. .

Usually, I don’t miss opportunities to look at gold and silver coins exhibition organized by private collectors. I use such occasions to gauge what they value and that gives me an opportunity to evaluate my personal treasure.

I would silently observe people’s reactions when they are shown the prized possessions and shamelessly eavesdrop at the cool drinks kiosk.

I hope to see those Austrian gold coins which the coins collector has spoken much about and hear something interesting during the weekend exhibition of gold and silver coins.

Thursday, June 17, 2010

I don’t listen to coins collectors.

Never listen to a coins collector before you buy gold eagle coins. They have a very different outlook towards precious metal coins. Once, an aged coins collector ridiculed me when I told him I have no gold coins to show.

He asked me, “Haven’t you ever bought any gold or silver coins?” I said I have bought them umpteen numbers of times but I have also sold them the same number of times.

He was shocked. He told me coins collection should not be done with a profit motive and you should collect for sheer self-satisfaction only.

However, I am not a rare coins collector! I am only a part-time bullion market investor and I buy and sell precious metals only for making money!

Nevertheless, I should agree that what he told made sense. Even if I am a precious metal trader, I should aim for bigger profits by holding onto my portfolio for a longer period.

May be, next time I purchase silver coins from the United States Gold Bureau, I will arrange for convenient and safe storage at an independent bank or depository for a minimum of 6 months.

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