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Thread: Physical gold ... storage.

  1. #101
    Grand Master TheFlyingBanana's Avatar
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    Fast Show.

    Considerablyyyy richer than yow...




    And...




    Last edited by TheFlyingBanana; 5th February 2020 at 13:23.
    So clever my foot fell off.

  2. #102
    Grand Master TheFlyingBanana's Avatar
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    Oh, and:




    Still brilliant.
    So clever my foot fell off.

  3. #103
    Excellent. I was thinking about him, but had forgotten his name.

  4. #104
    Quote Originally Posted by KavKav View Post
    No but gold Brittanias do, each one contains one full ounce of pure gold. As these coins are ‘legal tender’ they are VAT free and CGT free. Some 1 ounce gold coins weigh slightly more than one ounce depending of the fineness of the gold content but a ‘one ounce’ gold coin will always contain one full ounce of 24 carat gold.

    For example, South African one ounce Krugerrands weigh more than one ounce as the pure gold content will assay at 91.7%.(the other 8.3% is silver and copper) Whichever way round, you will get one full ounce of pure gold content in a one ounce gold coin.

    Be aware that there are fake gold coins out there so be careful who you buy from, you need to know exactly how much a gold coin should weigh and what the diameter and thickness should be, any dealer worth a damn will not be fooled by fake gold coins but the man in the street is generally not so savvy. If you are thinking of buying gold coins privately then you need a set of small digital scales and a digital vernier caliper, both together will cost you less than £50 from Amazon and you obviously must bone up on the exact weights and sizes of any gold coins you are considering purchasing. Bit like watches, you must be careful!
    A digital vernier caliper will itself be a fake.

  5. #105
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    Quote Originally Posted by TheFlyingBanana View Post
    Fast Show.

    Considerablyyyy richer than yow...




    And...





    Classic .... “ ....look at his Rolex Stanley” 😂

  6. #106
    This story about Kerry Packer always makes me laugh



    a Texan approached Packer at the tables in Vegas and started making a nuisance of himself.

    When asked to give it a rest, the Texan supposedly replied with the old, "Do you know who I am", to which the Packer reply was, "No".

    "I happen to be worth $100 million," said the Texan.

    "Toss you for it," said Packer. Allegedly.

  7. #107
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    Quote Originally Posted by hogthrob View Post
    So you can't tell if they're real by biting them? Works in the movies.
    Lol! You can mark a 24ct gold coin with your teeth but that does not tell you much as you can also mark gold plated lead! Exact weight and sizes are your yardsticks!

  8. #108
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    Quote Originally Posted by Kingstepper View Post
    A digital vernier caliper will itself be a fake.
    i think I get your point as a digital caliper does not have a true vernier scale like the kit I used to use in the days before digital measuring instruments. Imagine using a digital gear tooth caliper? Jeeze!
    I still trust a micrometer with a micrometer scale better than a digital mic, showing my age I think!

  9. #109
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    Sent from my iPad using Tapatalk

  10. #110
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    May be of interest...

    https://www.royalmint.com/discover/u...al-of-the-pyx/


    Sent through the ether by diddling with radio waves

  11. #111
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by Skyman View Post



    Sent from my iPad using Tapatalk
    (door needs painting)

    https://theverybesttop10.com/amazing-door-stops/

    https://www.pinterest.co.uk/pin/523191681690284672/
    Last edited by oldoakknives; 5th February 2020 at 19:25.
    Started out with nothing. Still have most of it left.

  12. #112
    Grand Master TheFlyingBanana's Avatar
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    Cheap floor tiles too.
    So clever my foot fell off.

  13. #113
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    Quote Originally Posted by TheFlyingBanana View Post
    Cheap floor tiles too.
    WGAF.

  14. #114
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by Skyman View Post
    WGAF.
    Probably not someone with a fake gold bar doorstop?
    Started out with nothing. Still have most of it left.

  15. #115
    Master mr noble's Avatar
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    Quote Originally Posted by Skyman View Post



    Sent from my iPad using Tapatalk
    The bar in that pic says 1000g on it.

    A real 1000 gram gold bar is about the size of an old iPhone 6. The ones the size of the door stop in the picture and the type that you see stacked up in places like the Bank of England’s vault, are 10kg bars and are worth about £400k a pop.

    A 1000g bar wouldn’t make a very good door stop.

    https://www.royalmintbullion.com/Products/Bars/RMGCGKB
    Last edited by mr noble; 5th February 2020 at 22:32.

  16. #116
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    ^ Vaulted gold tends to be comprised of 400oz good delivery bars, which is about 12.5kg per bar.

  17. #117
    Grand Master oldoakknives's Avatar
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    Quote Originally Posted by mr noble View Post
    The bar in that pic says 1000g on it.

    A real 1000 gram gold bar is about the size of an old iPhone 6. The ones the size of the door stop in the picture and the type that you see stacked up in places like the Bank of England’s vault, are 10kg bars and are worth about £400k a pop.

    A 1000g bar wouldn’t make a very good door stop.

    https://www.royalmintbullion.com/Products/Bars/RMGCGKB
    They seem to put 1000g on the fakes.

    Started out with nothing. Still have most of it left.

  18. #118
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    This thread now has me looking at bullionbypost and similar sites - Are these sites 100% legitimate?

    The silver koala coins make nice little gifts but I would want to be sure a Brittania or Maple Leaf was the real thing.

  19. #119
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    Quote Originally Posted by thenikjones View Post
    This thread now has me looking at bullionbypost and similar sites - Are these sites 100% legitimate?

    The silver koala coins make nice little gifts but I would want to be sure a Brittania or Maple Leaf was the real thing.
    Yep, bullion by post is legit.

  20. #120
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    If you want gold isn’t the royal mint the best option?

  21. #121
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    Quote Originally Posted by Montello View Post
    If you want gold isn’t the royal mint the best option?
    Based on a quick browse last night, for general gold and silver coins, no.

    If I was after a Proof coin then maybe so.

    - - - Updated - - -

    Quote Originally Posted by Peck View Post
    Yep, bullion by post is legit.
    Cheers. Going from silver ot gold is a big step so good to hear.

  22. #122
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    Bullion by POst is legit. I bought a Krugerrand last summer. They kept hold of it, 2 months later I sold it. Very simple process. Satisfied my intrigue.

  23. #123
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    Quote Originally Posted by thenikjones View Post
    Based on a quick browse last night, for general gold and silver coins, no.
    Why’s that ?

  24. #124
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    Quote Originally Posted by Montello View Post
    If you want gold isn’t the royal mint the best option?
    Absolutely not, their profit margins are horrendous!

  25. #125
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    a little bit of the real stuff landed today,

  26. #126
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    Quote Originally Posted by mitch1956 View Post
    a little bit of the real stuff landed today,
    Good gentleman!

  27. #127
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    Quote Originally Posted by Montello View Post
    Why’s that ?
    Have you looked at the website? Compare it to the range offered by Bullion post or ATSbullion - I can’t see how to buy a gold American Buffalo coin, or silver coins like the Maple Leaf or Koala, for example

    If I am missing something, let me know. The search function at Royal Mint is very very well hidden too

  28. #128
    I’d never use the Royal Mint, Atkinsons are trusted with good prices.

  29. #129
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    Quote Originally Posted by thenikjones View Post
    Have you looked at the website? Compare it to the range offered by Bullion post or ATSbullion - I can’t see how to buy a gold American Buffalo coin, or silver coins like the Maple Leaf or Koala, for example

    If I am missing something, let me know. The search function at Royal Mint is very very well hidden too
    Had a look, RM more expensive.

  30. #130
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    Quote Originally Posted by vulcangascompany View Post
    I’d never use the Royal Mint, Atkinsons are trusted with good prices.
    Exactly so and Paul is a great guy to deal with!
    Last edited by KavKav; 6th February 2020 at 23:24.

  31. #131
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    Quote Originally Posted by kace View Post
    This story about Kerry Packer always makes me laugh
    I really hope that is true - made me chuckle

  32. #132
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    Ok, so I have come round to the conclusion that holding physical gold myself isn’t a great option.

    So, that leaves me with two options that interest me;

    1) buy physical gold and pay someone to store it for me

    2) buy into a fund that actually holds physical gold (not an ETF that just tracks the price)

    Anyone got any recommendations or expertise in the above two?

  33. #133
    2) Used BullionVault quite a bit (for 10 years) - both gold and silver deals, website works very well and seem trusted in that market. Never had a problem with withdrawals and money back to my bank account.
    Last edited by vulcangascompany; 9th February 2020 at 20:00.

  34. #134
    Quote Originally Posted by TKH View Post
    Gold coins 'currency' seems a reasonable way to get into Gold....Royal Mint sell them and store them should you wish they are as i understand exempt from CGT & VAT for private UK individuals as they are legal tender....and if you wish to sell they will oblige....
    https://articles.royalmintbullion.co...ent-service-2/
    Correct, no VAT but not because it's legal tender.

    No VAT on bars either.

  35. #135
    Master mr noble's Avatar
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    Bank of England gold: Rare look inside the vaults https://www.bbc.co.uk/news/uk-51416500

    Great video.
    Never knew we still had so much. I thought Gordon Brown had flogged most of it off.

  36. #136
    Master sish101's Avatar
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    Another interesting article:

    https://goldiraguide.org/allowed-in-...they-gold-bar/


    Sent through the ether by diddling with radio waves

  37. #137
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    Quote Originally Posted by Mr Curta View Post
    Fashion it into a hare shaped piece of jewellery and bury it somewhere in the UK with clues to the location hidden in a picture book.
    Thats what Ive done!!

  38. #138
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    Quote Originally Posted by mr noble View Post
    Bank of England gold: Rare look inside the vaults https://www.bbc.co.uk/news/uk-51416500

    Great video.
    Never knew we still had so much. I thought Gordon Brown had flogged most of it off.
    Yeah so did I so I looked it up. He managed to sell over half at the worse prices ever !! https://www.bbc.co.uk/news/business-48177767

  39. #139
    Quote Originally Posted by reecie View Post
    Yeah so did I so I looked it up. He managed to sell over half at the worse prices ever !! https://www.bbc.co.uk/news/business-48177767
    Ah yes it's known as the 'Brown bottom' !

  40. #140
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    Quote Originally Posted by vulcangascompany View Post
    Ah yes it's known as the 'Brown bottom' !
    There was a rumour doing the rounds that one of the bullion banks was unable to fulfil a physical delivery order causing massive systemic issues (think 2007/8 style) and that Brown announced the sale solely to destroy the price of gold (he announced it six months prior to the sale or some such as I recall?). This allowed the bullion bank to fulfil the trade by buying significantly cheaper gold in the market and thus saving their asses.

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