/biz/ - Business & Finance

>>1834203
>Where do you buy?
>Do they have a store in Wien?
One in Vienna and one in Innsbruck, plus they have a webshop. You can also enter what's basically a subscription and they'll just send you the invoice whenever a new coin comes out on a series you're subscribed to. After you pay, they send you the coin (or they'll just reserve it and you pick it up with cash in one of their shops - great on series that keep selling out pretty quickly).

>Is it really that much cheaper?
Like I said, probably not if you only want to buy gold as close to spot as possible. If you want to buy newly launched editions they can be cheaper, since resellers would add their margin on top, plus the subscription gives you a fixed price on the date the invoice is printed. So if gold soars afterwards you can still pick it up cheaply.

>But why?
It happened, I guess. The stuff just builds up over the years. The big step in putting serious money into it came 2009, when I bought one of the 20 ounce commemorative Philharmonics (old picture related). 622g of gold in one coin pushed my total pretty high. It's weird. It cost me ~15.5k EUR, so 775 per ounce, but that included a 10% mark-up on spot I believe. Crazy to think that just two years later gold hit like 1,300 EUR per ounce. I joked at the time that the thing was the best damn investment of my whole life, but since I never sold the annual ROI keeps declining with every year passing and gold going sideways.
Then again I have no clue how much above spot they are traded since only 6,027 were minted and they all sold out.

>>1535604
ooh, gold show-off thread? i'm in!

here's my baby. 20 ounces. only 6027 were minted to commemorate 20 years of Vienna Philharmoic bullion coins. Bought it in 2009 at EUR ~15.5k (14k gold + 10% mark-up). Today the gold alone is over EUR 23k. Not that I'm planning to sell or anything...

i'm a coin collector and as such i usually pass on bullion, but this was just too good of an opportunity. i'm in it for the fun mostly, not really trying to make a profit. my collection is over 2 kg of gold, which would be a stupidly high % of my portfolio if i treated it as an investment.