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Buffer Bear

Investing In Krugers

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The figures below are from Goldline

Metal Date Pounds Sterling (£) US Dollars ($)

Gold 13 Jun 2006 - AM 320.920 590.758

Gold 13 Jun 2006 - PM 318.145 586.500

These are today's prices 564.35 bid 564.85 per ounce from thebulliondesk.

Why is there a different price for gold on the same day? I want to start purchasing coins but how do I know I am getting the correct prices? Do coins prices change daily in line with the market? And what is the difference in buying a 1 oz bar instead of a coin, is one harder to sell than the other? £337.00 for a Kruger. Is that a good price?

I want to buy some before I go to bed. Any help given would be appreciated.

Edited by Buffer Bear

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The figures below are from Goldline

Metal Date Pounds Sterling (£) US Dollars ($)

Gold 13 Jun 2006 - AM 320.920 590.758

Gold 13 Jun 2006 - PM 318.145 586.500

These are today's prices 564.35 bid 564.85 per ounce from thebulliondesk.

Why is there a different price for gold on the same day? I want to start purchasing coins but how do I know I am getting the correct prices? Do coins prices change daily in line with the market? And what is the difference in buying a 1 oz bar instead of a coin, is one harder to sell than the other?

I want to buy some before I go to bed. Any help given would be appreciated.

Coins are just nicer. More attractive and might be easier to sell on ebay later. Apart from that you might be better off buying bars if you plan to sell back to bairds at a later date.

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Guest Bart of Darkness

A good thread if you're interested in gold coins

Link

I'd wait and see what happens to prices in the next few days before buying.

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Ebay huh? I bet you'd be p'd off if there's a few days left on an auction & your bid is higher than the market price!

:lol:

Bids on eBay are often higher than the market price - that's why you'd sell them on there....

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Yeah, don't buy on ebay.

I recently shifted 7 coins through ebay.

Made between £50 and £120 more than each coin was worth (and thats comparing it to Bairds prices - which aren't the cheapest).

How much should a Kruger cost? Depends on quantity. But about 5-7% above gold spot.

I'd leave it for now and buy in when you think the market is going to turn up again, no point in going long on the downtrend.

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Thanks all. I am still watching gold and will buy soon as currently I only have exposure via MLGG fund.

A good thread if you're interested in gold coins

Link

I'd wait and see what happens to prices in the next few days before buying.

Thanks Bart, I posted yesterday after reading that thread. As for buying on ebay, I don't think so. Don't know enough about the traders to do that and I have an extremely suspicious mind............

Edited by Buffer Bear

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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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