Quiet Guy Posted November 10, 2014 Share Posted November 10, 2014 The Royal Mint are starting a new way of buying gold coins that might make sense for some people. http://www.royalmintbullion.com/?utm_source=apex_media&utm_medium=display&utm_campaign=royalmint_bullion&utm_content=728x90 To my surprise, their prices for sovereigns are not unreasonable if you are buying in tubes of 25 and there is an option to store your tubes in the Royal Mint itself - something that might be very attractive if you are worried about burglary etc. I cannot find any mention of charges for storing "tubes" in the mint itself - this could more than make up for small price differences compared to other competitive sellers. I am not buying right now but will be keeping an eye upon this development to see if the advert isn't hyperbole. I'd also be interested to hear from anybody who uses this service. Quote Link to comment Share on other sites More sharing options...
erat_forte Posted November 10, 2014 Share Posted November 10, 2014 Just got 2 copies of their big fancy glossy colour brochure, in the post from them. They must be making some profit from retail coin sales to afford such lavish marketing. Quote Link to comment Share on other sites More sharing options...
erat_forte Posted November 10, 2014 Share Posted November 10, 2014 Actually I see, Royal Mint Bullion is a different deal. Interesting. Quote Link to comment Share on other sites More sharing options...
Bear Necessities Posted November 10, 2014 Share Posted November 10, 2014 (edited) Saw this on HPC when it was announced a few months ago.The FAQ page details the storage costs (linked directly from the home page) Storage fees are charged at 1% + VAT per annum based on the average daily market value of your total gold holding that is stored in The Vault™. Edited November 10, 2014 by Bear Necessities Quote Link to comment Share on other sites More sharing options...
Quiet Guy Posted November 10, 2014 Author Share Posted November 10, 2014 Saw this on HPC when it was announced a few months ago. The FAQ page details the storage costs (linked directly from the home page) Storage fees are charged at 1% + VAT per annum based on the average daily market value of your total gold holding that is stored in The Vault™. Argh...!! Sorry. I missed it. There is indeed a storage charge. As usual, apparently competitive offerings from Royal Mint aren't quite what they appear at first. Thanks for the correction. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted November 11, 2014 Share Posted November 11, 2014 All good until the government calls emergency measures to 'borrow' your bullion for the foreseeable future due to some 'unforeseen' crisis. You might as well hold fiat as to keep your money at the Royal Mint. Quote Link to comment Share on other sites More sharing options...
Errol Posted November 12, 2014 Share Posted November 12, 2014 All good until the government calls emergency measures to 'borrow' your bullion for the foreseeable future due to some 'unforeseen' crisis. You might as well hold fiat as to keep your money at the Royal Mint. Exactly. Quote Link to comment Share on other sites More sharing options...
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