Jump to content
House Price Crash Forum
Sign in to follow this  
Oldlurker

Online Broker - Gold Bullion Securities

Recommended Posts

I already have an online marketmaster account with Barclays stockbrokers and want to purchase some Gold Bullion Securities stock. But have been informed that it's not possible to do so online and that I will have to do it over the phone for £36 (on 3.5 K). This seems a little bit steep. Was wondering if anybody knew a cheaper route ???

Share this post


Link to post
Share on other sites

3.5k? Might as well take a chance on keeping a dozen 1 oz bullion coins under a floorboard somewhere.

I have an eTrade online share dealing account and you can't trade GBS online there either. In fact, I don't think you can trade any ETF's online with eTrade.

Does anybody out there know if you can trade ETFs online anywhere?

Share this post


Link to post
Share on other sites

You can't trade GBS online but set up an account with Hoodless Brennan (very quick - takes about 10 mins) and you will need to call them to place the GBS trade as it is a US stock

http://www.hoodlessbrennan.com/

First months trades are free, thereafter it is £7 for online trades and £12.50 for telephone I think. I did this with them and was charged nothing for buying GBS over the phone as it was within the first month.

Share this post


Link to post
Share on other sites

I already have an online marketmaster account with Barclays stockbrokers and want to purchase some Gold Bullion Securities stock. But have been informed that it's not possible to do so online and that I will have to do it over the phone for £36 (on 3.5 K). This seems a little bit steep. Was wondering if anybody knew a cheaper route ???

I bought through 'Squaregain' (net based broker). Wasn't able to buy online, but could do so over the phone and it cost me the grand sum of 12.50.

Share this post


Link to post
Share on other sites

From the GBS website:

"Investors in Gold Bullion Securities, which are traded on the London Stock Exchange under the symbol GBS, become beneficial owners of gold backing each security. This securitisation of gold bullion overcomes a number of issues that have proved to be barriers to accessing gold’s unique qualities...."

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.