07-01-2014 11:54 PMsggold Wrote:if you need to purchase physical gold... might as well pay some premium and go for numis coins... see how hot malaysia coins are....
numi coins are hard to cash out when you need urgent cash. Singapore and US pawnshops tell me, they will only value the coin based on precious metal contents. Of course, such valuations are very unfair. But when you keep urgent cash, you have no choice.
I have been through that kind of days and you will understand the frustrations. You know what, I am even one of the few rare singaporeans to deal with the famous LV Pawn Stars (as seen on TV), and they also tell me when it comes to precious metals, quick liquidation = based on wt.
- If you turn to middlemen, the buy-sell spread is basically
= buying and selling within 1 years will probably translate to a loss.
- If you turn to pawnshops, they value based on precious metals weight.
- To sell for premium because a coin is limited or proof, you will need a longer time to find the appreciative buyer.
Therefore, it is better to buy numi coins and keep for your descendents and don't look back.
: my 1.9 cents