I just bought 15k Euro Krügerrand gold coins?

[Anonymous No.30160962]

How fcked am I know?
Gold price goes down. I was 100% sure it would go through the roof because corona hyper inflation....... did i fck up?

[Anonymous No.30161050]

I bet you're also 100% sure Trump is still the president and the virus isn't real lmao
fuck you retard boomer

[Anonymous No.30161236]

>>30160962
Faggot

[Anonymous No.30161243]

>>30160962
Not fucked long term, but you should have waited to buy. You could sell now and rebuy lower. Good thing gold isn't taxed.

See: >>30033435

Also, I wouldn't buy gold Krugerrands because although there is nothing wrong with them, the lower purity makes them slightly less attractive for regular people to buy. No problem of course when you sell to a dealer.

[Anonymous No.30161420]

>>30161243
Oh damn it, I forgot if you sell now you lose on the dealer premium you paid... So keep that in mind. Still though even with that taken into consideration you might be better off selling now and rebuying lower, if it hits sub $1600 that is.

Silver Krugerrands I have zero issues with though, they're one of the best silver coins.

[Anonymous No.30161469]

>>30160962
>hyper inflation
Lmao goyim are so funny.

[Anonymous No.30161535]

Hold on to the silver for sure, and never sell the German coins.

[Anonymous No.30161607]

>>30160962
Sell at a loss and buy BTC and ETH. Gold and silver are finished.

[Anonymous No.30161637]

>>30161243
>>30161420

I think i will just keep it and dont sell for the next 20 years ?
The gold coins are like 10% of my networth and i only bought them as a assurance against inflation.

It would be stupid to sell them now and buy new gold coins in 4 weeks when the gold price is even lower ....

[Anonymous No.30161640]

>>30161243

>Also, I wouldn't buy gold Krugerrands because although there is nothing wrong with them, the lower purity makes them slightly less attractive for regular people to buy.

Why then is such a fuss made over Krugerrands? Why are they a thing and not British Gold Sovereigns? As an example.

[Anonymous No.30161981]

>>30160962
You will only see a sharp increase in gold when hyperinflation starts. Dont expect anything exciting before that.
Gold will always rise in value long term against fiat regardless.

[Anonymous No.30162138]

>>30161640
>Why then is such a fuss made over Krugerrands? Why are they a thing and not British Gold Sovereigns? As an example.
They used to be THE gold coin in the 1970s and 1980s. And they where illegal to import for awhile. So people wanted them. If your a boomer then you think they are cool.

[Anonymous No.30162193]

>>30161637
Yeah, sure, whatever keep the gold. All I was saying is you could probably profit a bit if you sell now and rebuy when it's sub $1600 or sub $1500, but it won't be much of a difference. I really doubt gold goes below $1400.

>>30161640
Because they're very famous / well known, to begin with... as to why, I don't know. But that fame is already established. But they're only 91.7% pure, so when you try to sell them privately some people will be put off by that and think "it isn't pure gold" and not want to buy then, even though that's retarded -- one Krugerrand contains 1 full oz of gold, plus other stuff. So it shouldn't matter, but I assure you some people dislike that it's not 99.9%.

[Anonymous No.30162669]

>>30162138
Everbody in Germany buys Krugerrand gold. It´s the most famous and well known gold coin here. What else should we buy Canadian leaf or Kangoroos from Australia, bats from China ?

[Anonymous No.30163143]

>>30162193
>1 full oz of gold, plus other stuff.
The other stuff is just copper. Yes you are right they have 1toz gold. They actually weigh a little more then an oz because of the added copper. The alloy makes them hard and durable. They where made for stacking and knocking around as tender. Not for looking shiny in a display case.

>>30162669
They are everywhere because they where the 1st mass produced 1oz coin. In 1980 90% of the gold coins where Krugs.

>What else should we buy Canadian leaf or Kangoroos from Australia,
No one wants those because they have the rat queen on them. Thats why people are still buying krugs today.

[Anonymous No.30163374]

>>30160962
Hodl until the next crisis. Use as a hedge against your cash. If your cash ever inflates then the metal will be worth more to balance it.

[Anonymous No.30163470]

>>30160962
maybe financially, but i would also accept a loss in order to possess those

[Anonymous No.30163678]

>>30160962
see /pmg/ here in /biz/
>>30159631

[Anonymous No.30163723]

>>30162669
I wouldn't trust anything coming out China not to be filled with lead.
Except for lead solder, apparently.
>>>/diy/2030842

[Anonymous No.30163812]

Hyperinflation hitting in a year and intensifying from there based on the idiotic printing rate, hold onto your ass.

>>30161050
You mean the virus with provably shit death rates? Reddit is literally anywhere but here, faggot.

[Anonymous No.30163963]

>>30161050
Yes.

[Anonymous No.30164043]

>>30163143
>No one wants those because they have the rat queen on them.
It's not real money unless it has the Queen's head on it you fucking gay cunt.

[Anonymous No.30165215]

>>30163143
>No one wants those because they have the rat queen on them. Thats why people are still buying krugs today.
Unironically true. Maple leafs would be nice without the hag side.

[Anonymous No.30165458]

>>30162669
Philharmonikers

[Anonymous No.30165663]

>>30163143
Doesnt the fact that theyre more durable mean that in a circumstance where you might actually be using them make them more desirable?

[Anonymous No.30165673]

>>30160962
dont worry about it, at least you got yours now before its banned. stop treating it like an investment and think of it more like an emergency fund in case hyperinflation happens