Buying gold - websites to recommend

newsaver2008

I have just started to research this subject. I know it has been on MSE site a few times of course.
I specifically wanted to ask about www.bullionvault.com
Has anyone used it and can they recommend it?

sabretoothtigger

They give you a free gram, if the dow drops to 1 ounce of gold it might even be worth paying the withdrawal fee

Not regulated by the fsa are they

tradetime

Not regulated by the fsa are they

nope, as far as I know there is no regulation of the bullion markets like securities.

sabretoothtigger

So gold futures or an etf would be considered safer then this? I just wonder about how safe an internet company is when little is known about it

I reckon its best to actually have the gold in hand personally, Im sure thats more like what they do in really insecure parts of the world

newsaver2008

thanks for the answers:) I think you are right about better having physical custody of the gold! I thought the site interesting and posted because I wondered if anyone had actually used it.

tradetime

sabretoothtigger wrote: »

So gold futures or an etf would be considered safer then this? I just wonder about how safe an internet company is when little is known about it

I reckon its best to actually have the gold in hand personally, Im sure thats more like what they do in really insecure parts of the world

Eh, generally physical gold would be considered safer than paper gold, so I suppose you have to address the trust issue with the firm you use. Keeping about £50K of gold in the house probably isn't a really good idea

sabretoothtigger

For security of every kind

tradetime

sabretoothtigger wrote: »

For security of every kind

:rotfl::rotfl::rotfl:sweet!

tonygee_3

Anyone bought gold coins?
What % costs incurred buying and selling

newsaver2008

I am resident in TR now and gold is a popular investment there. I have seen quite a few coins and a friend of mine has a number of these which she sold recently when she needed the money. As there is a high burglary rate wher we live, many people keep jewellery and small valuables in bank safe deposits. I can't imagine anyone who would invest in physical gold there would have it lying around the house:))
Also, interestingly, Garantibank here does a Gold Account that does not consist of bullion trade but in the trade of shares that it says 'mirror' the market movements of bullion. I don't use Garantibank since they always have such queues but to be honest, if I were going to invest in gold I would invest in say, coins here, and keep them over a long period of time. I presume this is the point of investment in gold since the gold price has been dropping for several days so I don't see its value as an income producing asset.

Fuzzythinking

tonygee wrote: »

Anyone bought gold coins?
What % costs incurred buying and selling

I am interested to buy gold coin as well. Know where to get one?

FT