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Advice Re Investing In Gold

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#1 no,

#2 depends if you want to leave a paper trail or not

Paper trails:

Hatton garden metals

Bullion by post

No paper trails

Jewellry quarter in person (which is bullion by post)

Weighton coin wonders.

#3 Sovs are my current favorite coin, they are CGT free and very easily hidden, then Britanias, also CGT free. Kruggers are a distant 3rd because they are not CGT free, they can't be hidden easily in plain sight either. You also tend to get a tiny bit more gold for your £ than kruggers which have higher premiums

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Paper trails:

Hatton garden metals

I'm in the same situation, want to buy into gold but not sure when is the right time or where/what to buy (possibly a dip in August?). I work in Hatton Garden, can you buy gold in this area just by walking into a gold traders shop?

Also what about Bullion Vault, Perth Mint (has this been covered before)?

Really appreciate the help :)

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I'm in the same situation, want to buy into gold but not sure when is the right time or where/what to buy (possibly a dip in August?). I work in Hatton Garden, can you buy gold in this area just by walking into a gold traders shop?

You have to do your own due diligence I'm afraid, have a look and make up your own mind.

My gold is my SHTF stash tbh.

But this is my opinion and I could be wrong.

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You have to do your own due diligence I'm afraid, have a look and make up your own mind.

My gold is my SHTF stash tbh.

But this is my opinion and I could be wrong.

Thanks, good advice.

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Two well known and reputable dealers are

http://www.goldline.co.uk/

http://www.coininvestdirect.com/

Goldline/Baird & Co are the country's largest PM refiner and have been in business since 1967.

Also an article from Moneyweek about buying British gold sovereigns and their advantages for anyone wishing to build a bullion position.

What is important, from an investment point of view, is the fact that gold bullion and older gold coins are not subject to VAT, due to the EU Gold Directive. Even more important is the fact that, unlike the other forms of gold investment outlined above, British gold sovereigns are also not subject to capital gains tax (CGT). Thus all post-1837 British gold sovereigns – because they are legal tender and have a legal tender face value - are capital gains tax free, which is obviously a massive benefit to investors vis-à-vis other gold investments.

The prices of these beautiful coins are only slightly higher than modern gold bullion, but they offer many advantages. Besides not having to pay CGT, other advantages include increasing scarcity, aesthetic value and historical significance. European and British gold coins are recognised by sophisticated investors as one of the most advantageous ways to invest in 'bulk' gold.

European, American and world gold coins are bought by both collectors and investors at a small premium to the price of bullion coins. Perhaps the most popular semi-numismatic gold coins internationally are British gold sovereigns.

Gold sovereigns were accepted as money and as payment throughout the world at the height of the British Empire and indeed this international currency may have helped create and strengthen the empire.

More recently, many armies around the world (including the US Army) gave their servicemen an emergency supply of gold sovereigns. They are still recognised in most parts of the world and, unlike paper dollars, will not be damaged by shredding, water or intense heat.

The full article.

http://www.moneyweek.com/investments/precious-metals-and-gems/why-you-should-buy-british-gold-sovereigns-16088

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Thanks TMBTL, I need to make some decisions fast, this is a big help.

Luckily I I work at the top of Hatton Garden (Clerkenwell end) and Lloyds (who I bank with) are at the other end so should be able to get cash out quickly and put into Gold when I'm ready.

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hI, IM THINKING OF BUYING GOLD COINS. JUST ONE OR TWO PER MONTH WITH SPARE CASH .

QUESTIONS

1,HAVE I MISSED THE BOAT ?

2,WHERE IN THE UK SHOULD I BUY FROM ?

3 WHICH COINS ARE BEST ?

THANK YOU

1. There is no boat only the fiat boat and that's sinking due to the weight of worthless paper loaded onto it.

2. As previously said, depends on whether you want a trail or not.

3. I like Krugerrands due to the fact they are very common and quite easy to buy and sell. CGT doesn't worry me as El Taxmano knows nothing about my stash and never will.

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Thanks TMBTL, I need to make some decisions fast, this is a big help.

Luckily I I work at the top of Hatton Garden (Clerkenwell end) and Lloyds (who I bank with) are at the other end so should be able to get cash out quickly and put into Gold when I'm ready.

It's a pleasure to assist anyone wishing to protect their hard earned savings from the current heavy debasement of paper currencies.

I would love to have, like many on here, to be able to deposit cash with a bank or building society and feel that it would retain it's purchasing power, however that's not possible in the current financial situation.

I see gold as a savings account which pays the "best rate of compounded interest" on average 15% per annum over the last 10 years in pound sterling terms. I appreciate that one can feel uncomfortable, maybe a resistance about switching from paper money to gold money, but you will feel better you did so as the months and years grind away with government intervention with below inflation interest rates and money printing.

In essence, I don't believe it's too late to start buying now, we have still not seen the price go hyperbolic yet, it has been a steady and solid up trend, which remains firmly in place. We are nearing £1,000 a troy ounce, however, I thought buying gold Krugerrands 3 years ago when they got above £500 a pop was expensive.

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I would consider buying sovereigns. When gold is £1600 an ounce I would start selling them and buying a house, assuming average house prices are still £160,000. 100 ounces to the average house.....

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I think I'm going to jump in aswell. Maybe I'm too late and joining at the **** end of a gold bubble but who knows! Shit keep kicking off and I cant see printing being too far away again.

Going to start with some sovereigns because of the CGT. Probably use HGM unless anyone knows somewhere better. I'm not fussed about a paper trail.

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Hi there, I am a new member and this is my first post......

Why are some of you here concerned with paper trails? Do you being your bullion being traced back to you?

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You haven't missed the boat. Even more important, you will have a supply of funds which can never, ever be inflated away, and once you have the coins in your hands, you are immune (for that part of your wealth) to hyperinflation, no matter how bad it gets.

Before you buy gold (and silver, and palladium, and platinum) you will be scared stiff about putting your money down and seeing how little volume you get for your fiat toilet paper. Your first internet or postal purchase will stretch time like a Tardis for the worry about whether you are going to get your hands on the shiny stuff; it will seem to take forever to arrive. Fear not, almost every source in this country or Europe is honest. Even eBay is unlikely to give issues if you are careful who you buy from.

Gold is important; it is the default store of value for every country on earth. Anyone who says otherwise is ignorant or stupid or both. And anyone who says it is a barbarous relic is deliberately lying. Everyone, that is EVERYONE, should have at least one ounce of gold, or four sovereigns. Silver may do even better in future, and is too cheap not to have a punt on the value going skywards. In much earlier times, this conversation would have been party small-talk. In the present financial era, it is a deadly serious matter. The wilful destruction of currencies around the world - by governments - is frightening. The next time you hear the subject brought up as party small-talk, it will be too late to get in.

However, about ten minutes after you pick up your metal, you will get a feeling of financial peace come over you that is very hard to describe to someone who has not experienced it. (You may also experience a strange desire to purchase a white cat and kill any golfing partner who displeases you, with an unnecessarily powerful laser; but that might be just me).

Even a millionaire is worse off than you, if hyperinflation turns fiat into worthless paper.

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How do you buy gold from HGM? I can find a buying part of their website, I've sold through them and was very impressed with the service so have an account. Has anyone bought through them?

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You haven't missed the boat. Even more important, you will have a supply of funds which can never, ever be inflated away, and once you have the coins in your hands, you are immune (for that part of your wealth) to hyperinflation, no matter how bad it gets.

Before you buy gold (and silver, and palladium, and platinum) you will be scared stiff about putting your money down and seeing how little volume you get for your fiat toilet paper. Your first internet or postal purchase will stretch time like a Tardis for the worry about whether you are going to get your hands on the shiny stuff; it will seem to take forever to arrive. Fear not, almost every source in this country or Europe is honest. Even eBay is unlikely to give issues if you are careful who you buy from.

Gold is important; it is the default store of value for every country on earth. Anyone who says otherwise is ignorant or stupid or both. And anyone who says it is a barbarous relic is deliberately lying. Everyone, that is EVERYONE, should have at least one ounce of gold, or four sovereigns. Silver may do even better in future, and is too cheap not to have a punt on the value going skywards. In much earlier times, this conversation would have been party small-talk. In the present financial era, it is a deadly serious matter. The wilful destruction of currencies around the world - by governments - is frightening. The next time you hear the subject brought up as party small-talk, it will be too late to get in.

However, about ten minutes after you pick up your metal, you will get a feeling of financial peace come over you that is very hard to describe to someone who has not experienced it.

Yep. :)

Nice shiny 1kg bar of silver just been delivered this morning. Gold will break the barricades down, then silver will charge through with no resistance, with triple (or more) the percentage gains of gold over the same time. What a lot of people don't know is that the world has hardly any silver stockpiles left. Most of the gold which has ever been mined is still above ground and owned by somebody, but we use silver in all sorts of industrial applications, and most of that silver is now back underground in landfills. And then there's the whole "paper bullion" scam waiting to be uncovered...

(You may also experience a strange desire to purchase a white cat and kill any golfing partner who displeases you, with an unnecessarily powerful laser; but that might be just me).

That's just you, yes.

Edited by UndercoverElephant

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How do you buy gold from HGM? I can find a buying part of their website, I've sold through them and was very impressed with the service so have an account. Has anyone bought through them?

You phone them up and ask for Zoe. She will then tell you the current sale price for whatever you want. This changes twice a day usually.

If you agree she sends you an email with the bank details on it and a reference number.

You transfer over the £. She sends you a confirmation email, if you do it before 2pm it arrives in the post the very next day.

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You phone them up and ask for Zoe. She will then tell you the current sale price for whatever you want. This changes twice a day usually.

If you agree she sends you an email with the bank details on it and a reference number.

You transfer over the £. She sends you a confirmation email, if you do it before 2pm it arrives in the post the very next day.

Sounds good, thanks Ken.

Looks like I'll be a gold bug as of tommorow!

Edited by Pent Up

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Re: missing the boat.

Perhaps there will be a boat that most people will miss. I think it is inevitable that at some point in the not-too-distant future there will be two prices for bullion, and it is at this point that you want yours to have the right one rather than the wrong one.

The vast majority of gold trades and gold ownership is not of physical bullion at all, but paper instruments which are supposedly backed up by metal. These can be traded very easily, and there's no worry about security and storage costs, etc... The problem is that most of that bullion doesn't actually exist. It's just another scam like fractional reserve banking. The idea is that because there will never be a time when everybody actually asks for their physical bullion, it doesn't matter if it doesn't actually exist.

However, as the price of gold and silver inexorably rises due to more and more printing of money, more and more individuals and organisations will decide they want actual physical bullion, because they are worried that the paper bullion may end up being worth no more than the value of the paper. This will in turn lead to a situation where bullion dealers can't actually get hold of the physical metal. They will have a long line of customers, but no means of delivering anything.

Bear in mind that this mountain of paper bullion is currrently being used to manipulate the price of gold and silver. At the moment it is possible for large amounts of this paper bullion to be sold at the same time, which drives down the price of physical bullion without the need to sell any actual physical bullion. This is good news so long as it is still possible to buy physical bullion at the price determined by the paper bullion market, but eventually the time will come when the prices will de-link. Bullion dealers will simply charge a higher and higher premium over the "official" price, because they know that this is what they can sell it for. At the same time, everybody who owns physical bullion will not want to part with it for any amount of fiat currency, so the only bullion coming to market will be new production and forced sales coming from people who have no choice but to sell their bullion or go bankrupt. And so the physical price and paper price will rapidly go in opposite directions - the price of paper bullion will plummet whilst the price of physical bullion will go orbital. The only other possible outcome I can imagine is that the powers that be step in and freeze the physical bullion market. They may make it illegal for people to own bullion, and try to force people to sell their holdings to the govenment at a price dictated by them. This will be very bad news for the holders of the 2% of paper bullion which is allocated (fully backed by metal which is audited every year), because their gold will be automatically seized.

Anyway....if gold and silver are still freely tradable after something along these lines happens, then you don't want to miss that boat.

Disclosure: I have given up hope of being able to use my cash assets to buy a house, and am in the process of turning a large proportion of it into gold and silver. I plan to turn it back into property at some point in the future, after The Catastrophe has played out.

Edited by UndercoverElephant

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Looks like I'll be a gold bug as of tommorow!

Welcome to the club... Once you hold a few oz in your hands you'll want more and more... Paper doesn't quite have the same feel...

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I've just opened a trading account with Bullionvault - to be honest it's a good intro to all of this and easily accessible. I take the points about paper gold, but right now this will do. My intention is to buy ~£50-100 worth a month.

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Why are some of you here concerned with leaving a trail? What are your reasons, im curious? Thanks

I suppose it's best if nobody knows you have physical gold. This includes the government (especially) who may decide to tax it or confiscate it at some later time.

Some folks don't trust safety deposit boxes (gov't seizure, etc.), and try to hide bullion at home. Do you really want someone knowing that you've received a lot of gold through the mail recently?

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Welcome to the club... Once you hold a few oz in your hands you'll want more and more... Paper doesn't quite have the same feel...

I do have an urge to buy more for some reason and I've not even taken delivery yet. Maybe because the amount ive purchased is still only a very small proportion of my total savings. I made a an extra coin or two a month for a time.

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I do have an urge to buy more for some reason and I've not even taken delivery yet. Maybe because the amount ive purchased is still only a very small proportion of my total savings. I made a an extra coin or two a month for a time.

It's cheaper to buy lots at the same time.

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