Buying Silver & Gold Bullion and Coins

Steeve

Blah99 wrote: »

Is the order of this post screwed up for anyone else?

Anyway there's an advert in this week's IC for an ETF gold backed by physical allocation that you can inspect (for a fee). I'll post the details when I find out where someone's moved my IC to...

About the post order, yes, what on earth happened here ?????????

As for Gold & Silver, haven't a clue, sorry!

pjbltd

Steeve wrote: »

About the post order, yes, what on earth happened here ?????????

Looks like a spammer by the name of "seems" got removed. That's who I was questioning the links from.

tradetime

tradetime wrote: »

What is your reasoning / motivation for buying, may help people better suggest the most useful route.

Question above still stands, why you want to buy has a resonable bearing on which route would be best.

stargold

pjbltd wrote: »

Seems like you're advertising rather than recommending. ps im not buying my investments off ebay

Most coin dealers sell at least a proportion of their inventory via ebay these days. If you automatically rule it out you risk missing out on some well priced items.

I use http://www.bullionsupermarket.com to find the best items on ebay.

sva14

Buying gold from Ebay - Coins and bars.
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Firstly - how can one check if not fakes etc. The bars that come in sealed packs, like the PAMPS will the always be genuine?

What about coins? How can check?

Also looked at the price for e.g Amerian eagle 1/10oz coin goes for £75, yet the value of gold, i.e 3.39g x 22 karat £18 = £61? . what is this margin, demand or making and seller profit?

FraudBuster

This is an eBay Coin and Paper money discussion forum:

http://forums.ebay.com/db1/forum.jspa?forumID=8

Reaper

Buying physical gold coins and holding them in your possession seems easy enough, but how easy is it to sell again? That's a genuine question - I'm not saying it's hard, I'm just curious.

eeja

Blah99 wrote: »

Gold bullion is considered an investment instrument and was declared exempt of VAT in 2000.

As to why silver isn't given the same consideration I have no idea. Probably the same reason that chocolate cake doesn't incur VAT but chocolate biscuits do - HMRC is staffed by nutjobs

The freedom from vat for AU was a EU decision. It was also because of the huge number of fraudulent vat repayment (on export) claims that resulted in large losses to the Authorities.
Silver and platinum have never been exempted for vat otherwise where would it end .......why not copper or lead !
Rhodium is the most valuable traded commodity yet it also has never been exempt.
Seem to remember before the introduction of vat, the deciding factor was legal tender status of the coins and gold sovs still are and always were legal tender .

sm9ai

I know a few people who have bought and sold coins and they seemed to think it was straight forward enough.

I do sometimes wonder how safe the investment is, you can buy and sell gold online but how can you trust the company you are buying and selling from?

There are plenty of sites talking about investing in gold and silver like
Only Gold and Bullion Bars which might be worth a read.