Anybody had experience buying 1oz Krugerrands from any of these sites?

http://www.goldline.co.uk
http://www.atsbullion.com
http://www.taxfreegold.co.uk

Are their others?



I'm looking to buy several in the near future

Do you receive new or used coins?

If they are used what condition were they in?

I brought some 1oz gold Krugerrands from www.goldline.co.uk, they are dated 70's and 80's and are in very good condition.
I would buy from them again.
However most of my gold and silver is from www.weightoncoin.com, and can recommend them. They sell on ebay so you can check the feedback.
I've made quite a few purchases with them and never had any problems. Just wish I'd trusted my judgement and brought much more back in 2004/2005.

i'm also thinking about buying a few gold coins as a hedge against financial meltdown!!
i can't find a coin dealer where i live (leeds) but goldline looks ok - are there any implications by buying online (presumably with a credit card?) and having them delivered? - i guess i'm just paranoid

Can't buy with CC - has to be cash (in person) or cheque...

i guess i am asking if there would be any problems with registering and leaving a trail - or am i being paranoid?

Unless you buy in cash, in person, you'll leave a trail

I wouldn't be too bothered about it unless your planning on buying large quantities of gold - that's when they'll come after you for their slice...

cheers, i might buy a handful then.

You can buy online on Goldline - just make an order via the website then pay using a bank transfer. If you're of the foil hat persuasion, it does leave a 'paper-trail' though. You could pop up to them and pay in cash but I'm not sure I'd want to walk around London with any number of grands in my pocket.

Re leaving a paper trail, presumably your concern is CGT. My accountant tells me sovereigns do not attract CGT, krugerrands and other "overseas" coins do. Could this account partly for the premium on sovereigns?

Your accountant is correct. A sovereign is legal tender with a value of 1 pound sterling. A half sovereign is worth 10 shillings - funnily enough you get 20 shillings to the pound (or used to).

It may account for some of the premium, but I can usually get tatty bullion grade sovereigns at around 4-5% above spot. You'll pay more for nice looking coins and I think it's the look of the coin which contributes more to the premium.

Regards,
crude

I brought a 1oz Krugerrand last week from Chard (taxfreegold) Its the first time I have purchased gold and I don't like buying things over the internet from people I don't know, so I travelled to the shop in blackpool. Chard has a pretty good website that answered most of the questions I had about gold, though they were not to forcoming with information in the shop, but they were more freindly than my local BNTA member. Now I know where they are and have met some of the staff in person I will feel more comfortable about buying from them online, until I find a good local dealer.

On the quality of the coins, I was disapointed at their presentation (a small used component bag) and there were a few small marks at one end of the coin, but they were just bullion and not proofs. I have been waiting for the price to drop before I got into gold, but I just needed to buy at least one coin to see how I felt about owning gold. Paying over £350 makes me take the subject more seriously and at first I felt like I had done the wrong thing, but after spending all weekend looking at it and reading more information about the historic price of gold and comparing it to the ever falling value of paper money I felt a lot better about it.

If you are going to buy online and have them delivered it would probably be best to order the 22 carat bullion coins like kruggerands rather than the 24 carrat mapels as the softer 24 carrat coins will probably have more wear unless you are paying the extra cash for proof verisons. If you are new to gold (as I am) then I would recomend only buying from BNTA members untill you know a bit more about it.

Here is the FAQ page from Chard (taxfreegold.co.uk, 24carat.co.uk, goldsovereigns.com)

http://www.goldsovereigns.co.uk/aboutus.html

I do think this time the world economy is in a real mess, inflation, potential long term collapse in the dollar, rise of china, peak oil, long term gloabl warming, unreliable pensions not to mention the growing involvement of the US and UK in the middle east are just some of the reasons I would rather have at least some cash in something tangeable even though I feel I may be getting into gold a little late. However don't let my pessimistic predictions influence you on where to put your cash, I have been wrong before.

Cheers, already bought some Krugerrands through goldline (still waiting for delivery)

IMO ANY asset ATM is still a good investment - money supply (inflation) is going to climb and climb until western currency values equal those of the far east - the aim being create a 'global' workforce

Only those plouging their increasing worthless fiat currency into assets are going to benefit from this new structure...

Anybody know the CGT 'limit'?

There is no limit....there is NO CGT to sov's....see below.

http://www.hmrc.gov.uk/manuals/cg4manual/CG78308.htm

http://www.hmrc.gov.uk/manuals/CG1manual/CG12602.htm

J.

erm, what else do people plough their worthless fiat currency into?



the poor are poor
the middle spend a lot of their money and save very little
the rich have lots of money, but not in paper form. in assets


who actually has hundreds of thousands / millions / billions in paper money? no one tbh (bar maybe companies, governments, reserve banks)

Here's something that's been niggling at me just lately.

When I first started reading this thread, there was a clear hierarchy as it were, regarding 1 oz. coins.

Krugers were your basic coin, not very pretty by a cheap way of acquiring physical gold.

Britannia's were more expensive but much nicer looking coins, with the advantage of being CGT free.

Chinese Pandas were more expensive than Brittanias, in fact (as far as I recall) they were the most expensive 1 oz. coin you can buy.

Now Pandas and Brittanias cost practically the same at Goldline, with Krugers only about £14 cheaper.

Is this just down to currency fluctuations?

There are definitely degrees of paranoid- I think the most important thing about owing physical PM's through is where you store them. You can always say you sold them, unless they are in the deposit box at the bank. I like to store them in PVC pipe, buried under the edge of concrete slabs where the reo in the concrete can mask them from a detector.
Inside the motor cavity of a broken old vacuum cleaner is a good spot too. Basically anywhere a thief would never bother to look.

anyone use bullionvault?

There has been no mention here of the fact that you have to pay CGT on gains but if you buy sovereigns all gains are exempt. So if you are planning to invest a lot in gold (likely to exceed your CGT allowance) then surely sovereigns are the way to go.

Given that there is a pecking order with gold bullion coins, which sovereigns are more desirable to purchase, new coins straight from the Royal Mint or older coins, as on the goldline website, for example, there are quite a few different types, decimal and pre-decimal coins ranging from £122 to 147, then there are the half sovereigns to consider as well.

http://blog.goldassets.co.uk/

scroll down just a little.....

Added : http://goldnews.bullionvault.com/gold_fed_...asury_091820083

http://www.321gold.com/editorials/wong/wong010104.html

goldline.co.uk or royalmint.com dont buy into a fund, it contradicts the purpose of buying gold as a safety net against financial institution failure.

This concerned me greatly when I bought 2 x 5kg bars (silver), as 5% of 10kg is half a kilo! However, please be reassured that when I weighed them they were about 1 gram over weight. I have a suspicion this is an a$$-covering measure to stop some idiot bleating about 1 gram under-weight rather than an excuse to short-change buyers. Basically, don't worry. P.S. It wasn't Goldline. All their bars have been spot-on.

Why isn't this thread in the gold forum?