In Part 1, I had touched on spreads, weights and spot, the spread within the spread, and a little bit on mints, refineries and the London Bullion Market Association. In this part, I will go into semi-numismatics and numismatics (or known as semi-numis and numis), jewellery and why they are not ideal for physical gold and silver investments, and whether you should go for bullion bar or coin. Semi-Numismatics and Numismatics According to the Oxford Dictionary, the word “numismatics” means “the study or collection of coins, banknotes, and medals”¹. As for semi-numismatics, there is no clear definition, but usually it is a coin that is priced above the actual value of the gold or silver in it and is a collectable. The key words mentioned are “collection” and “collectable”, so semi-numis and numis coins are meant for collectors who value them not just by their worth of the metal, ......