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Cruddy
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quote: Originally posted by Mao
So...gold is the way to go? |
It's not a bad way to go, although if you leave the cash in a back account till the price is a bit better you would be doing yourself a favour.
Diamonds are a lot more portable though - just make sure you get a recepit so that trading them back isn't a hassle (maybe 5% diamonds are stolen or "blood" diamonds so best to be safe with them.) Same goes for any investment really.
If you want to MAKE money over the long term, go bonds (especially guaranteed govt "gilts").
If you want a GAMBLE, go stock market.
If I was in your shoes those Mex commerative coins would look the best bet. I appreciate it's a long way to Mexico from your location - but I honestly don't see a closer source for gold/diamonds. Good luck with the research.
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Ecthy
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Zhonghuà Rénmín Gònghéguó
Mar 2000 time: 06:28
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Now we all know panag is a diamond trader in Amsterdam.
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Cruddy
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quote: Originally posted by Ecthelion
Now we all know panag is a diamond trader in Amsterdam. |
Listen to the roar of laughter (listens)..
Damn, it's quiet.
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Mao
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Apolyton
Jun 1999 time: 00:28
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Cruddy, what are government "gilts"?
panag, the problem is that if I jewelry, I inherently (sp?) lose money because I can never sell it for what I got it for, because when they sell it to me, they charge for the value of the metal and the craftsmanship, but when they buy it back, they only give me the value of the metal.
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panag
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MY WORDS ARE BACKED WITH BIO-CHEMICAL WEAPONS
Oct 2000 time: 07:28
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quote: Originally posted by Mao
Cruddy, what are government "gilts"?
panag, the problem is that if I jewelry, I inherently (sp?) lose money because I can never sell it for what I got it for, because when they sell it to me, they charge for the value of the metal and the craftsmanship, but when they buy it back, they only give me the value of the metal. |
hi ,
it depends what kind of jewelry , .....
there is loads of jewelry from for example in the US from inpounds and repro's , ..... the old garage sale could be intresting as well , ....
then its worth its money most of the times , ....
have a nice day
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Mao
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Apolyton
Jun 1999 time: 00:28
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Yeah...I'd rather get it from a more "legit" source...
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Cruddy
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quote: Originally posted by Mao
Cruddy, what are government "gilts"?
panag, the problem is that if I jewelry, I inherently (sp?) lose money because I can never sell it for what I got it for, because when they sell it to me, they charge for the value of the metal and the craftsmanship, but when they buy it back, they only give me the value of the metal. |
Gilts are govt bonds with a guaranteed return over so many years (typically 10). Gilts is just the jargon for these bonds, as in "golden edge promise" = guilded = "gilts".
As your 2nd point to Panag, the trick is to be the person buying at bullion (metal) value and resell at jewellry value.
Try browsing a few pawnbrokers to get an idea of what's out there and don't just go for the first deal you see. Leave the cash where it is until you are happy your plans will work out the way you want.
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Mao
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Apolyton
Jun 1999 time: 00:28
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Pawnbrokers? How reputable are most of them? I was planning on buying metals from large companies and such, or bonds from the government. Pawnbrokers? I think you guys overestimate my ambition...
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Cruddy
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quote: Originally posted by Mao
Pawnbrokers? How reputable are most of them? I was planning on buying metals from large companies and such, or bonds from the government. Pawnbrokers? I think you guys overestimate my ambition... |
Like I said, browse. You don't have to buy anything - but it'll give you starting ideas over what is out there. Pawnbrokers with a bad reputation go out of business real quick (and quite often start up again under a different name - so see when company was established).
Totally right Panag. Impounded items are the cheapest, most reputable way to buy good stuff cheap. Not sure about repros (=reproduction, ie copies of older stuff) - repro isn't respectable term in UK although I suspect situation totally different in US.
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Mao
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Apolyton
Jun 1999 time: 00:28
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panag means "repo" I think...
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Cruddy
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Panag could be right - I am not familiar with repossession jargon.
Like I said, in UK repro = reproduction copies.
Anyway, thanks for explaining your meaning Panag.
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All times are GMT. The time now is 05:28. Apolyton Time is 00:28. |
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