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How Do I Buy In To Gold?

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I want to transfer some of my money in to gold. Appreciate that I am somewhat 'late to the game' but it may be worth a flutter. I have used all my ISAs this year. What is the best way to invest in gold?

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There isn't a "best" way, it all depends on what you want. If you buy bullion coins, stick to Britannias and Sovereigns, as these are legal tender and you don't pay Capital Gains Tax on them (assuming you would be so honest as to bother...). Bullionvault.com and goldline both offer allocated gold accounts (ie, they allocate you a slice of a gold bar held in a vault in Jersey, Zuerich, London or wherever. You may prefer having the gold physically in hand or you may be happy to hold it as an allocated account.

Another way is more specialist, to buy rare gold coins. These tend to acquire more value than mere standard bullion coins, but you need more knowledge to do this.

It is easier to keep and sell allocated gold, but arguably physical gold is safer should things go completely t1ts-up. A mixture is probably a good idea. Consider silver too, as it has gone up even faster than gold (almost doubled in price in the last 8 months).

Bullionvault.com gives a good deal of general info about buying and keeping gold.

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There isn't a "best" way, it all depends on what you want. If you buy bullion coins, stick to Britannias and Sovereigns, as these are legal tender and you don't pay Capital Gains Tax on them (assuming you would be so honest as to bother...). Bullionvault.com and goldline both offer allocated gold accounts (ie, they allocate you a slice of a gold bar held in a vault in Jersey, Zuerich, London or wherever. You may prefer having the gold physically in hand or you may be happy to hold it as an allocated account.

Another way is more specialist, to buy rare gold coins. These tend to acquire more value than mere standard bullion coins, but you need more knowledge to do this.

It is easier to keep and sell allocated gold, but arguably physical gold is safer should things go completely t1ts-up. A mixture is probably a good idea. Consider silver too, as it has gone up even faster than gold (almost doubled in price in the last 8 months).

Bullionvault.com gives a good deal of general info about buying and keeping gold.

Some people prefer physical gold and there are good arguments for it, especially the coins mentioned by Malco. But don't forget Gold Bullion Securities. These can be bought and sold very quickly at low cost on LSE.

There are also arguments for gold miner shares. If you want a unit trust, MLIM Gold and General is available in an ISA wrapper. Ruffer do something similar.

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canadian maple leafs are a good option and so are krugerrands. they are both cheaper too. its not worth paying more than that as you are only after an ounce of gold, not the coins value.

you are not late either, the gold bull market is still in the early stages of phase 2. phase 3 is when the public go mental and herds gather, just like BTL... :lol::lol:

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Gold is still cheap as chips if you look at the price chart over 30 years.

Don't forget to check whether the chart adjusts for inflation. :)

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Look kids, I get fed up with posting this over and over.....

If you want physical and are in the UK go for sovereigns.

Get them from Baird (020 8555 5217) in London. For volume you can get them for just over 3% above spot.

No CGT to pay on any gains. Here's the proof http://www.hmrc.gov.uk/manuals/cg4manual/CG78308.htm .

If the sh1t really hits the fan you will need easily exchanged coins as money.

JP.

PS Also buy some pre 1947 silver coins on eBay. 1920-47 coins are 50% pure silver and very well recongnised.

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Now is the time to load up as the train will be leaving soon.

Im fully loaded and will sit back and watch the show.

This is a once in a lifetime ride.

Good luck to everyone.

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Now is the time to load up as the train will be leaving soon.

Im fully loaded and will sit back and watch the show.

This is a once in a lifetime ride.

Good luck to everyone.

Agree. Many of us missed the house price bubble and have had to watch and wait. How long it will take to reset no one really knows. Precious metals and commodities are where it will be at over the next few years.

Just remember.....a profit is not a profit til you take it.

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Agree. Many of us missed the house price bubble and have had to watch and wait. How long it will take to reset no one really knows. Precious metals and commodities are where it will be at over the next few years.

Just remember.....a profit is not a profit til you take it.

hmm...quite happy to sit there and look at the shiny little blighters though with no thoughts of selling, better than any pension scheme I`ve paid into and something physical to hand over to the kids with all my lectures on economics accompanying them :D Not many 10 yr olds telling their mates to get into gold and the reasons why;)

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Look kids, I get fed up with posting this over and over.....

If you want physical and are in the UK go for sovereigns.

Get them from Baird (020 8555 5217) in London. For volume you can get them for just over 3% above spot.

No CGT to pay on any gains. Here's the proof http://www.hmrc.gov.uk/manuals/cg4manual/CG78308.htm .

If the sh1t really hits the fan you will need easily exchanged coins as money.

JP.

PS Also buy some pre 1947 silver coins on eBay. 1920-47 coins are 50% pure silver and very well recongnised.

How much are we talking to buy 3% above spot price ?

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It looks like it could be some time before a correction so have just added to my gold and palladium longs. Nice comment from the dealer "this momentum is just incredible"

Final straw was this article from the FT,how many Arab citizens are going to turn to gold for security as they lose confidence in their stock markets and look into ways of avoiding the US Dollar.

Iranians' rush to buy gold highlights nuclear and economic uncertainties

With the war of words over Iran's nuclear programme escalating and the domestic economy stalling, Iranians are scrambling to buy gold coins, sending their value soaring by 32 per cent in the past two months.

"It's unbelievable," blazed a front page story in Etemad-e Meli, a reformist newspaper, earlier this week. "It seems no investment field is as safe."

"Gold coins are Iranians' political hedge fund," says Heydar Pourian, editor of Iqtisad Iran (Iran Economics), a monthly magazine. "We keep them at home and they make us feel secure."

Commodity prices have risen worldwide over recent years partly in response to Middle East tensions centred on Iraq, but Iranians are now starting to feel they may be at the centre of a growing storm...........

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Seen eBay precious metal prices?

A month ago you could get a 1kg silver bar for around £280.00. Now the going rate is about £360.00!!!

UP 28% in a month :o

There isn't enough silver out there. It seems to me that 1kg silver ingots are getting scarce on eBay hence the price hikes.

Other posters on here have noted the increasing difficulty of sourcing bullion coins. The PM bull has hardly begun yet and look at the effects already!

Edited by urban_hymn

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Seen eBay precious metal prices?

A month ago you could get a 1kg silver bar for around £280.00. Now the going rate is about £360.00!!!

UP 28% in a month :o

There isn't enough silver out there. It seems to me that 1kg silver ingots are getting scarce on eBay hence the price hikes.

Other posters on here have noted the increasing difficulty of sourcing bullion coins. The PM bull has hardly begun yet and look at the effects already!

crazy hey.

not long ago (2 years) silver was 140 a bar. ive seen 295 but not 360 !!

happy days.

could be easily £500 a kilo bar within a year or 2.

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Cheers for all the info. It is appreciated.

How secure are Bullionvault and Goldline - is there any protection offered if they go bust (along the same lines as banks). Are they reputable?

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Seen eBay precious metal prices?

A month ago you could get a 1kg silver bar for around £280.00. Now the going rate is about £360.00!!!

UP 28% in a month :o

There isn't enough silver out there. It seems to me that 1kg silver ingots are getting scarce on eBay hence the price hikes.

Other posters on here have noted the increasing difficulty of sourcing bullion coins. The PM bull has hardly begun yet and look at the effects already!

and i sold a 1kg bar on there for 255 pounds in febuary DOHHHHHHHHHHHHHHH

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How much are we talking to buy 3% above spot price ?

£30k+ worth probably. Its all negociable. Advise that if you call them that you dont "chat" too much. They are wholesale bullion dealers. If you're interested in £5k or £10k worth then phone them up and say you're shopping around for best rates & ask what you would pay over spot for the amount you're gonna invest. You will then have to make a transfer to their account and when its there you can pick a day for them to quote you firm based on the 3pm fix. Add 3.3% to this and then calculate the number of sovs you'll get for your money. Each sov has 7.315gr or 0.2354 Troy oz of pure gold in it. One troy ounce is 31.103gr.

They will also hold the gold for you in their safe for about £250 a year, fully insured. Either that or you can bury it somewhere in your house or garden.

Hope this helps,

JP.

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Very informative thread.

I too wish to put some money into metal on a put and forget basis.

Coins seem popular but would it be better to spread it around a little?

My thoughts were as follows:

40% gold coins

20% gold bars

30% silver bars

10% other metal bars

Would this be a reasonable split?

Could I get all of this from Baird and can you just arrange it and then go and collect?

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Very informative thread.

I too wish to put some money into metal on a put and forget basis.

Coins seem popular but would it be better to spread it around a little?

My thoughts were as follows:

40% gold coins

20% gold bars

30% silver bars

10% other metal bars

Would this be a reasonable split?

Could I get all of this from Baird and can you just arrange it and then go and collect?

Why would you do this? You seem to be diversifying for the sake of it. Actually you are not really diversifying at all. If you want to hold physical then sovereigns make best sense. You pay no VAT when you buy, they are liquid (you can sell them on eBay singly) and can be used as money in a true crisis.

I think you'll pay VAT on silver bars. Buy old pre 1947 coins instead on eBay. (50% silver).

What "other metal bars" are you considering?

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  • 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%



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