I know they're gimmicky, but I still like them

Discussion in 'Bullion Investing' started by myownprivy, Apr 19, 2017.

  1. myownprivy

    myownprivy Well-Known Member

    What high premium, gimmicky bullion to you enjoy buying, even though you know the premium is basically a rip off?

    For me, it's the privy Maple Leafs. The several dollar premium for a slightly shinier Maple Leaf with a little privy design of something unique is a fun way to buy silver, even though they barely ever retain that premium and they might even milk spot.

    How about you?
     
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  3. mrbreeze

    mrbreeze Well-Known Member

    Great Britain Queen's beast coins. They are 2 ounces but the diameter of a 1 ounce coin. They are made like the thick piedforts.
     
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  4. longnine009

    longnine009 Darwin has to eat too. Supporter

    This may come as a shock to you OP but very few people whose gene pool is deeper than a mud puddle willingly overspend. If they buy something (especially a non-essential) it has a value to them. Even whimsy has value if it makes someone happy for awhile. And whimsy can't be quantified. You can claim they paid too much based on quantified data such as supply and demand. But supply and demand is based on the combined actions of the glob. The individual can tell you "bite me, I like it."
    That's called whimsey. Good luck trying to control it.
     
    Last edited: Apr 19, 2017
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  5. Blissskr

    Blissskr Well-Known Member

    Ironic coming from the guy whose spouted off gems like this in the past

     
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  6. myownprivy

    myownprivy Well-Known Member

    Look, I'm not a robot. This is a hobby for me, too. It's why I visit a message board to discuss it. If it were purely an investment I would be meticulously disciplined and never pay ridiculous premiums on trendy, gimmicky precious metals. I would expect the same of all investors. Investing in any other way than with discipline is stupid.

    However, in addition to my disciplined investing, I also buy a few hundred dollars of things each year with premiums that negate the investment qualities of the item. (I.e. I would lose most or all of the premium when selling it). However, like all sophisticated investors, I max out my retirement contribution every year, I save/invest a set amount of my income every month no matter what. In addition to that, I also invest 5-ish% into precious metals with modest premiums that are near counterfeit proof, are widely respected and accepted around the world. The few hundred I spend frivolously on high premium items I enjoy doesn't even dent any of this.

    Stupid stackers often view their stacking as an investment. They often seem to also pursue it as a primary means of investment. These people do things like spend thousands per year on puck-sized lunar silver that they will never recoup the premium on. Bumpkin preppers fill their shed with copper pennies. Idiots buy precious metals with their credit cards that they are unable to pay the balance on at the end of the month. These people are foolish because they think what they are doing is an investment.

    Please don't conflate the two.
     
    Last edited: Apr 19, 2017
  7. Johndoe2000$

    Johndoe2000$ Well-Known Member

    Yeah, we can all see that you are superior in every aspect of both collecting, and investing in PMs :vomit:. Yeesh, I hope that I was never as offensive to others here as I find you. If so I apologize to all, and am trying to improve within the community.
     
  8. SilverTracker

    SilverTracker Well-Known Member

    You know Privy, using the words idiot and stupid in this post as you continue to insult members on this forum is the wrong way to make friends on here.

    Why not try to educate people instead of insulting them or unless you are to good for that.
     
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  9. longarm

    longarm Well-Known Member

    That would be funny if it wasn't so sad, who are you to criticize others when you admit to buying over priced crap?
     
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  10. Santinidollar

    Santinidollar Supporter! Supporter

    Privy, this is not the first thread you have posted where you ask a question and then use it as a lead-in to be insulting, arrogant and rude. Just cut it out, OK?
     
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  11. longarm

    longarm Well-Known Member

    Thank You!

    Hey myownprivy, Schooled.jpg
     
  12. SilverSurfer415

    SilverSurfer415 Well-Known Member

    Probably those Queen's Beast coin if I have money.
     
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  13. Speedbump

    Speedbump Not a New Member

    I like stuff from National Collector's Mint. :p
     
  14. Santinidollar

    Santinidollar Supporter! Supporter

    Don't forget the Franklin Mint!!!
     
  15. baseball21

    baseball21 Well-Known Member

    I could be mistaken but aren't some of those still pretty collectable?
     
  16. Santinidollar

    Santinidollar Supporter! Supporter

    I always liked their model cars.
     
  17. Johndoe2000$

    Johndoe2000$ Well-Known Member

    Some are awesome, some, not so much.
     
  18. mrbreeze

    mrbreeze Well-Known Member

    Some of the world sets from the Franklin Mint sell in the 4 figures.
     
  19. Lylelovett666

    Lylelovett666 Member

    I'm really about the deal when it comes to buying. I'm concerned with wieght. I've never bought anything that I didn't consider a good deal. I should probably buy a little something just for the helluva it.
     
  20. Bman33

    Bman33 Well-Known Member

    I want a Big Foot Canadian Maple. Just one. I usually buy overpriced bullion as gifts for loved ones. I have a nephew who loves Mickey Mouse so I got him a Mickey 1 oz silver. That is just one example. Bullion can be fun and great presents for people you care about.
     
  21. Santinidollar

    Santinidollar Supporter! Supporter

    Proof sets, I find, are a well received gift for someone's birth year. Most are cheap, but they don't care.
     
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