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TheLaw

Vending Machines Selling Gold

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Yes, I saw this in the FT. Margins are too high, and I think the machines may get smashed up for the contents; but it shows the way things are going. Gold still seems to have a good, bullish, future.

I wouldn't buy this way, but each to his own. At least some of our gains will be made through other (less-informed) buyers purchasing gold. Thanks, guys.

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Yes, I saw this in the FT. Margins are too high, and I think the machines may get smashed up for the contents; but it shows the way things are going. Gold still seems to have a good, bullish, future.

I wouldn't buy this way, but each to his own. At least some of our gains will be made through other (less-informed) buyers purchasing gold. Thanks, guys.

Dont think it will get smashed up at Frankfurt Airport.

The German bloke was on Radio 2 today and he said it was cheeper than buying from a bank, 30 Euro for one whole gramme. :blink:

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Dont think it will get smashed up at Frankfurt Airport.

The German bloke was on Radio 2 today and he said it was cheeper than buying from a bank, 30 Euro for one whole gramme. :blink:

30 euros for a gram of gold is quite reasonable. At the time of this posting a coininvestdirect 1 gram bar is 29.40 euro plus P&P. However, it is not an efficient way of investing in gold and only good if bought as a novelty.

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Points from others taken but I meant that buying gold by the gram isn't good value compared with slightly higher fractionals such as sovereigns, or if you can afford it, 1-ounce coins like a Kruger (currently £628 compared with £793 for the ounce-equivalent for the 1-gram bars).

As usual, I should have amplified what I meant, or been more specific when I wrote it the first time. My bad.

On the other hand, it's a free country, and some gold is better than no gold. I also feel that I sometimes get carried away with investment potentials of the metal, forgetting that I would have been overjoyed to get a 1-gram bar given to me when I was a youngster. I don't like the prices of the Royal Mint (for instance) but they do make some good gifts that just happen to be made out of precious metals.

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