/biz/ - Business & Finance

Picture is just my gold bullions circa 2013. Should probably get around to making new photos which aren't blown the fuck out and reflect my current collection.

Also have bars and a bunch of collector coins. Currently sitting on 2,132.816 grams of gold according to my spreadsheet. At today's spot that would put it right around 80k EUR - collectors' value should be substantially higher. Also sitting on ~4.2 kg silver, mostly inherited coins. Fuck silver. It's just bulky and never really goes anywhere. Silver bullion is a recent idea that is at least theoretically viable (if VAT didn't make it a god-awful investment for me), but the metal value in all my old silver coins never comes close to matching the nominal value, let alone the collectors' value (most of them are Proof). Just as a metal it's an industrial raw material, not an investment as far as I'm concerned.

I usually buy straight from the mint, since I happen to be living in Austria. It's arguably not the cheapest, but I really appreciate having no hassle and complete confidence in not getting scammed. Also, being a decade-long customer, I often get first row on really good rare issuings with them.

I have no illusions. This is basically all lost money to me. I'm probably never going to sell, even though I own duplicates of most stuff I've bought in the last decade. But I don't stockpile either. I don't believe in a currency crash or whatever goldbugs fear. I just collect nice shiny coins with money I don't need.