One-percent Posted July 6, 2016 Share Posted July 6, 2016 So, I guess trawling through the forums might offer the advice I'm after. But, trying to take a shortcut can anyone suggest a book, website or just advice on how to start buying gold? Some peramaters. Would want physical, not paper. Not sure therefore how to store (safe, hole in garden, biscuit tin in loft). What to buy (coin, bars, size). Then given what, where, although have followed some of the discussions on here Quote Link to comment Share on other sites More sharing options...
UncleMeat Posted July 6, 2016 Share Posted July 6, 2016 (edited) Have a look at sovereigns, they are CGT exempt. Gold is VERY expensive in £ at the moment though it being priced in $ and all. There are some daily prices here (although I am not promoting their site and have not used them) http://goldline.co.uk/bullionCoins.page Edit: It is very easy to buy, call selected vendor, get price, pay with debit card. Wait a day or two from postman to bring package of lovely shiny things. Edited July 6, 2016 by UncleMeat Quote Link to comment Share on other sites More sharing options...
BIGpantz Posted July 7, 2016 Share Posted July 7, 2016 You have to trust who you are buying off . could be lump of lead painted gold. How do you test it. imagine owning your gold for five years and finding out its counterfiet when you come to cash it in. The royal mint do 1kg bullion bars. I reckon if you used 1kg gold bars as door stops , who would suspect they were real. Quote Link to comment Share on other sites More sharing options...
One-percent Posted July 7, 2016 Author Share Posted July 7, 2016 Thank you some good ideas and will explore. Do like the idea of gold door stops Have been kicking round costcos looking at their small safes and wondering about gold for the last eighteen months or so. Guess I have missed the current boat and should have bought pre brexit. Oh well, wait for the cycle to downturn and then see. Feel too much (all of my money) is tied up in cash and don't really trust the system Quote Link to comment Share on other sites More sharing options...
One-percent Posted July 7, 2016 Author Share Posted July 7, 2016 To add, just looked at long term price and wish I'd bought pre 2007 Quote Link to comment Share on other sites More sharing options...
GeordieAndy Posted July 7, 2016 Share Posted July 7, 2016 (edited) Try http://www.elminvestments.co.uk/gold-coins.html or http://www.hattongardenmetals.com/gold-coins.aspx Edited July 7, 2016 by GeordieAndy Quote Link to comment Share on other sites More sharing options...
One-percent Posted July 7, 2016 Author Share Posted July 7, 2016 Try http://www.elminvestments.co.uk/gold-coins.html or http://www.hattongardenmetals.com/gold-coins.aspx Ta. Another question. I seem to remember that government (tax man?) is informed if one buys over a certain amount. Are there ways of keeping off the radar of tptb? Cheers Quote Link to comment Share on other sites More sharing options...
Spot Posted July 7, 2016 Share Posted July 7, 2016 Pretty much what UncleMeat says.I've used Goldline in the past and have no complaints with them. Stick to Sovereign or Brittania coins as there's no CGT. Buy less than £5,000 in value to stay off the radar. Unless you're dealing with huge amounts of the stuff i'm sure you can find plenty of ingenious places to hide it (eg: between the pages of some books) and plenty of places sell fake Heinz Beans tins or fake hollowed out books (see Amazon). if you're worried about your house burning down and ending up with a pool of molten gold buy a small fire safe and hide or disguise that. If you want to confirm what you've bought is the real deal get a Fisch - https://www.thefisch.com/ Quote Link to comment Share on other sites More sharing options...
One-percent Posted July 7, 2016 Author Share Posted July 7, 2016 Thanks all, much more simple than I thought. Will wait for £ to recover (if ever) and price to drop. Like the Fisch thing but pricy ain't it! Quote Link to comment Share on other sites More sharing options...
honkydonkey Posted July 9, 2016 Share Posted July 9, 2016 There's a phone app that tests the 'ping' of gold coins. https://play.google.com/store/apps/details?id=se.brolinembedded.bulliontestfree&hl=en_GB Quote Link to comment Share on other sites More sharing options...
honkydonkey Posted July 9, 2016 Share Posted July 9, 2016 The best way to buy gold in my opinion is https://www.bullionvault.com You pay very little spread, currently the buy/sell spread on physical coins is £50, bullionvault it's £4 Bullionvault is liquid, you can buy and sell at any time, whereas with physical coins you need to travel around to shops It can't be stolen from them, and it's physical allocated gold, so you own it the same as coins It's also good for buying silver, which due to having VAT applied in the UK physical has massive spreads. You don't have any of this problem with bullionvault Quote Link to comment Share on other sites More sharing options...
One-percent Posted July 9, 2016 Author Share Posted July 9, 2016 Thanks, Don't wish to to buy paper, thinking of physical gold as it seems to me that buying paper and having it stored means that your whole trust needs to be with the holder. That's why I'm looking into it, I don't trust fiat money so want something that can't be degraded or stolen (other than directly by burglars). Have been looking at Britannias from the Royal mint. Don't seem to be significantly more expensive than from other outlets and I would guess that there is no danger of being sold something that isn't genuine. Another question based on this. How difficult is it to resell? It seems that firms are happy to buy back what they have sold and the Royal mint will only buy back if you store with them, not if you take physical delivery. Quote Link to comment Share on other sites More sharing options...
MSE refugee Posted July 10, 2016 Share Posted July 10, 2016 Join http://thesilverforum.com/ there is a great deal of information on that site. Quote Link to comment Share on other sites More sharing options...
One-percent Posted July 10, 2016 Author Share Posted July 10, 2016 Join http://thesilverforum.com/ there is a great deal of information on that site. Ta, looks interesting and lots of reading Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.