What sort - if bullion - Sovs are good. Chards or Atkinsons Bullion are trusted and good prices.
Anyone here buy gold
Just looking for a bit of info if poss.
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What sort - if bullion - Sovs are good. Chards or Atkinsons Bullion are trusted and good prices.
Bullion by Post are very good IME, but I haven’t bought from them in a few years
Just looking at it now
Not sure if coins are best or those bars.
Don’t like the idea of paper gold though.
Do coins sell at the day rate or carry a premium?
Just a bit of a fuzzy area I think you need to know a bit more than I do
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I know you say you don't like paper gold but a gold fund has worked well for me. Very easy to trade in/out as the price moves.
I have a friend who buys and sells gold but he only buys when prices are dropping and is selling now. He is just chasing profit.
He often moans about taxation on bullion. He claims that the moment you either buy or sell gold, HMRC are informed, something to to with money laundering and they will be after you. Also some bullion attracts VAT.
None of this is my information just his but I would check it out just in case.
Selling bars attracts capital gains tax, whereas coins, if UK legal tender like 1oz Britannia's, are except
I’m new to this too.
After lots of research I decided on gold bullion coins, either UK Sovereigns or Britannias, no vat or cgt on these.
1oz coins or above offer slightly better value. I purchased through Atkinsons who were superb, there website it very upfront showing the purchase price and market price on the same screen so you know exactly what margin you are paying (typically 5%).
Their website even has a sell back to us section that quotes buy back prices for all items especially standard items like coins.
It’s all pretty fascinating.
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Last edited by T1ckT0ck; 13th January 2023 at 11:58.
Like I said, I am merely repeating what I have been told by a friend who has been buying the stuff for year. I do not buy gold so basically don't care but he has stated that if a single purchased exceeds £5k, it is done automatically.
It is down to the OP to check or just take a chance.
I sold about 90 units of dental gold scrap that my patients turned their noses up at when I offered them back to them. I asked to be paid in gold & received 11 Sovereigns.
I've often wondered what happens to all those full gold crowns which get cremated....
One of my patients is an undertaker. Gold teeth aren't a perk of the job....
But they collect the hip replacements for scrap & chuck them in a bucket!
just bought theses lovey things this week, i have never bought gold to make a quick buck, but am well up now !
there a saying if you don't hold it you don't own it !!
does anyone buy sovereigns at auction? - im no expert but it seems that its doesnt matter what year sov you buy its going to sell for the same price as any other when you come to sell it (unless its a rare year /mint) - i.e whats the point of buying new sovs instead of used /older ? (unless im missing something)
Hard to make out, What is it? a Beast?
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Last edited by T1ckT0ck; 13th January 2023 at 18:18.
no ( but i do have a full set of first edition beasts) its a one year design of George and the dragon by Timothy Noad, this along with the 2012 one year design again are my favourite designs
feature Ian-Rank Broadley’s fourth official portrait of Her Majesty the Queen, paired with a reinterpretation of Benedetto Pistrucci’s classic St George and the dragon reverse by Timothy Noad. It’s a modern design, used only for 2005 Sovereigns
gold/ silver can be as addictive as watches and just as expensive
Last edited by mitch1956; 13th January 2023 at 18:59.
Are people buying for store of wealth or investment speculation? Looking at the gold price over the last 50 years, it was effectively flat from 1980 to 2005, since which it has increased 6 fold and is currently approaching an all time high. Appears a little over-heated to me.
Satisfyingly heavy and shiny mind.
I'm accumulating 1/2 sovereigns as a prepper
Biggest challenge with Au is that is pays no dividend.
Few theories depending on your view. Buy low sell high. You may be waiting a while to catch the dips and peaks. I bought 10 krugerrands (1 ounce gold coins) at £800 each they went down to £750 they went back up and I sold. Then wanted some more but price hasn’t gone back down to £800 a coin in years.
The other way of buying which could be fun is to buy one sovereign each month out of your monthly wage regardless of price so eventually after one year you’ll have 12, after two years you’ll have 24 and so on. Not sure the current price of sovereigns but I remember them around £220 but think they are £300 plus currently.
Or you can pump the same amount into premium bonds each month and hope for a win…
True, and furthermore it costs money to hold if you’re keeping it in a safe deposit box etc.
I’ve been thinking of buying sovereigns, but wouldn’t want to keep them at home even if I had a safe (which I don’t), so have been looking into renting a safe deposit box. Any recommendations for these in London?
Thanks for the replies if anyone in the know is it better to buy a year at a premium or just buy any year that’s cheap?
Is there a great advantage other than collectability
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