Where to buy gold Britannia coins

misterfish

We are looking at buying some gold coins to be part of our savings, but there seems to be a wide variety of prices for similar bullion coins.

Looking and searching around we've found a few companies that sell sovereigns for only a small premium over the spot price, but Britannias seem to be much less commonly listed.

We want to stick with sovereigns and Britannias as there is no future tax liability should we need to sell.

So can anybody recommend where to buy Britannias at the lowest possible price.

Of course the other possibility would be Krugerrands which seem to be available with a low premium but have a possible CGT liability.

What do you suggest?

Misterfish

Jegersmart

misterfish wrote: »

What do you suggest?

Misterfish

The gold price has arguably been massively inflated by QE so if possible wait until the QE funds have been withdrawn so that you don't buy gold at 1600-odd USD per ounce.

all imho ofc

J

ColdIron

I've always found Baird & Co excellent for bullion coins

Note obvious spaces
www goldline co uk

redped

I've bought new sovereigns from bullionbypost.co.uk before, and found them to be cheaper than most places - they're currently asking £1114 for a britannia, whereas taxfreegold.co.uk (owned by Chards) is asking £1140.

sabretoothtigger

Jegersmart wrote: »

The gold price has arguably been massively inflated by QE so if possible wait until the QE funds have been withdrawn so that you don't buy gold at 1600-odd USD per ounce.

all imho ofc

J

The problem of QE is that selling large amounts of bonds drops the price which means they receive less then paid for. This is with a government still increasing its debt issuing more bonds at the same time.

That difference in price is where gold will rise relative to currency as our exchange rate is subject to speculative demand for sterling not so much exports as should be the case if we were healthy.
If bonds sell off and this price difference spreads, it means more money circulates and can be used to buy anything.
No greater value exists just more notes, hence why gold which does nothing rises relative

The price is not especially high when considering this possibility is most likely - on average the price of everything doubled over the years since 1990 yet we dont wait expecting these prices to come back down

Krugerrands might work for holding less then five years. The lower spread would be advantageous then

DiggerUK

Hatton Garden Metals (London)
Atkinsons Jewelers (Sutton Coldfield)
Elm Investments (Bristol)
Coininvestdirect (London)

Used them all. Reliable. Read t&c's with regards minimum order, p&p etc..
All UK legal tender is VAT and CGT free, not just Britannias.
..._

misterfish

Thanks for the list Digger - I had found some of them but not all.

Misterfish