/biz/ - Business & Finance

>>49574836
>Im one of the people who got rekt by celsius. Lost about 20k. Looking to gold for wealth preservation for my future. Do you guys mostly buy the gold coins from one of the sites in the OP? Or the bars?

Depending where you're from matters when buying precious metals, but here's a noob guy guide:

1. If it sounds too good to be true it probably is.
2. There's spot price and then there's premium price. Under 10% premium is a good deal. However in recent times the premiums on silver have gone through the roof, you won't get new silver coins below 30% so gold is currently the better investment.
3. Precious metals aren't about getting rich, they're a hedge against fiat for survival in economic downturn and a comfy living in your old again when you sell.
4. If you're in the UK, get gold or silver Britannias as they are capital gains tax free. Gold coins are VAT free as well.
5. Buy from Royal Mint if you don't know who to trust. You pay a little more premium for piece of mind.
6. Don't talk about your precious metals stash in public loosely as someone might hear making you a target to rob.
7. Modern Britannias come with a load of security features making it very difficult for them to be counterfeit. That will also make them easier to sell in the future

>>49530645
Gold is the better deal right now, no VAT and far lower premiums. Make sure they are Britannia coins or Sovereigns as you don't have to pay capital gains tax.

>>49508660
For me its nothing to do with it being such a large stack of wealth, its that when he's been asked questions or has answered some questions he comes across as dubious. There was also the time someone posted the same Alibaba sales page where you could get the fake gold bars made of brass, hence him being called brassman. The most recent picture he's posted has been the only time I've thought to myself he's got a real stack, but that only applies to the five coins at the top of the pile, which could be new counterfeit Britannias. It's all a cat and mouse game, most anons on /biz/ are hustlers either for monetary gain or vanity.