Best place to buy gold sovereigns

merlingrey

C_Mababejive wrote: »

On the subject of sovereigns and buying from dealers at 3% and more over spot, who do the dealers buy from and why cant i buy from their source?

Dealers buy in massive bulk, if you are buying 100,000+ you too can get a very close to spot deal.

sabretoothtigger

I would not fancy my chances hammering tungsten into a gold coin. In New York they found cheap wrapped or plated bars of it but surely the weight to size was wrong. Maybe lead is ideal, very easy to work but its lighter

Funny thing is when they faked gold coins using platinum, this was before car catalysts and when gold was at premium in common use

merlingrey

Yeah i'd avoid bars, it's better to have smaller quantities.

The premium over spot isn't really that bad on sov's plus you might get coins with a bit of numismatic value down the line.

I've seen too many horror stories on bars, i think you'd be ok with Baird&co directly and if buying 1 ounce or less but images like that put me off.

ColdIron

If you have a proper local jewellers, not a Ratners, they often have or can get sovereigns at small premium. Don't pass up those tacky sov or half sov Dell Boy rings and medallions either even if they're a bit duffed up. Gold is gold is gold

C_Mababejive

merlingrey wrote: »

Dealers buy in massive bulk, if you are buying 100,000+ you too can get a very close to spot deal.

Maybe GENUINE potential buyers on here could form a group to buy in greater bulk so that we could all save a little? count me in....anyone else?

smjxm09

Despite the government austerity program its borrowing is at record levels. Over the term of this government the national debt will double. Only low interest rates allows it to keep its head above water. Eventually interest rates will go up as lenders get worried about the UK debt and the country will go bankrupt. At that point the government will raid peoples saving accounts and pension pots.

Gold might be a good long term investment. Either that or keep your cash under your bed.

ColdIron

Reputable companies do not post unsolicited commercial messages on internet forums

Does your director, Daniel Ian Fisher, condone this?

sabretoothtigger

Might just be a small firm. At one point in 2008, Lloyds used to post on here fairly regularly just to assure their customers and shareholders of what was going on.
They not really allowed to advertise as such though, but discussion is allowed by anyone?

ColdIron

Touting for business and reassuring are two very different things. As an aside, if you look at their website there are no prices displayed, you have to phone one of their 'experts'. Why would anyone use a site like that rather than someone like Baird & Co who are genuinely reputable?

jimjames

MoneySaverLog wrote: »

When you buy gold sovereigns off the internet / ebay how do you know you are getting gold, and not a fake?

I think Physical Gold ETF may be a better option, and you can ISA it.

Other danger of eBay is it not arriving. Not danger so much for you but can be for seller. My dad recently bought one, seller charged special delivery but sent normal so when it arrived and packet was open they didn't have any backup. Does show danger of posting gold though.