Video of Personal Treasury

barneysplash

Hi all

Check out this guy's stash:

Whoever he is, I'd like to be his pal!

Blade

Some show off though! I'd keep zip about something like that. Hope he has a good safe

Cavehill Red

barneysplash wrote: »

Hi all

Check out this guy's stash:

Whoever he is, I'd like to be his pal!

Envious.

I make that about 90K value in euro at today's prices just on metal value alone. Some of those items (the coins especially) would have collectible premiums too. It'll be worth much more in years to come, I expect.

A useful stash to have in these times of eroding paper currency values. But he does have the problem of storage, of course.

howamidifferent

Now that beats paper money any day

Judgement Day

What a twat. My one's bigger than yours. This should be in some other forum as it as more to do with greed and showing off than collecting. :rolleyes:

barneysplash

I posted it up as a bit of fun, but on analysis I think it has a practical purpose.

Seeing an actual stash so graphically, I an eager to learn more about
the troy weight system and things like the Scotsdale mint he mentions.

I think these kind of videos have an educational value. What do you all think?

He uses some slang like "4 nines Gold" and "silver stackers" I am always willing
to learn new terms of the trade

Cavehill Red

I agree he's showing off. But fundamentally, what is collecting other than greed and showing off, really? That's sort of its purpose on an individual level, no matter what validity any archival excuses might have that can be brought to bear to justify the greed and showing off.

There's nothing wrong with either greed or showing off, I think, at least not in the context of collecting. You have to be greedy to want more, to want 'them all'. And when you have a collection, what do you want to do? Show it to others. How many people collect all their lives only to hand it over to a museum at the end of their days?

I don't think there's much to be learnt from this particular video about investing in metal, however. It really is just him displaying what he has amassed. His terms aren't particularly illuminating. '4 nines' is simply a slangy way of saying pure metal, ie metal that is pure to 99.99% Stackers? It just means the bars stack.

There are, however, many other videos out there that do describe in educational terms what the issues relating to metal investment are.

Judgement Day

Nah, can't agree with you about greed and collecting. We all collect for different reasons and some collections are worthless in monetary terms and only of value to the individual concerned. Genuine collectors do not collect for profit and that is the difference between them and those who collect as an investment. As for not leaving collections to museums you may have a point, but there again when a benefactor does leave something to the State (Chester Beattly etc) it is usually worth waiting for.

Cavehill Red

Judgement Day wrote: »

Nah, can't agree with you about greed and collecting. We all collect for different reasons and some collections are worthless in monetary terms and only of value to the individual concerned. Genuine collectors do not collect for profit and that is the difference between them and those who collect as an investment. As for not leaving collections to museums you may have a point, but there again when a benefactor does leave something to the State (Chester Beattly etc) it is usually worth waiting for.

Greed doesn't have to be related to monetary value. Eating too much is greedy after all. I'd be uncomfortable about you suggesting that there are 'genuine' collectors and non-genuine collectors. There are traders, sure, but that is their business not their hobby (though it's often both.)

Just because someone might make a profit when they sell an item doesn't make them any less genuine than any other collector. I have a comic book collection and when I moved house, I didn't have the space for all of them anymore, so I sold some to another collector. Since they'd grown in value over time, I made a profit (though much less than if I'd sold them commercially on ebay or whatever.)

Does that make less 'worthy' a collector? I don't think so. I enjoyed them when I had them, was sorry to be parted from them and ensured they went to someone who would curate them as I had done.

barneysplash

Cavehill Red wrote: »

There are, however, many other videos out there that do describe in educational terms what the issues relating to metal investment are.

Sounds good - post them up

Cavehill Red

barneysplash wrote: »

Sounds good - post them up

Mike Moloney is probably the best place to start for someone new to metal investment, as he covers the reasoning for doing so and the ways of doing so in relatively simple language for the layman. On Youtube, you'll find a plethora of interesting videos on the subject, everything from the kooky Max Keister cheerleaders like 'Silverinvestor' to the technical market analyses from the likes of John Embry and Eric Stott.

Be warned that this is a very volatile market which has seen significant upside in the past year and over the past decade, and is currently trading close to all-time nominal highs.

Many people feel that with paper money declining in value that precious metals are a safe haven in which to store their wealth. But what goes up can come down too, and nothing goes up indefinitely. My personal strategy has been to euro-average into the market on the inevitable dips as they occur, then hold as a store of wealth in troubled times. But everyone has to find what they're comfortable with that suits their own financial circumstances.

On the side of metal collectibles, this run has led to an increase in the value of all things made of metal, from silver cutlery collections, to gold jewellery to collectible bullion coins, all of which trade at a collectible premium to the daily spot price of the metal itself. Those who might prefer to collect such things have the benefit that they also provide a store of metal-based wealth as well as the joy of collecting. But again, the value is market-linked, unlike many other collectibles, and people considering getting involved need to be aware of that.