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I want to buy some gold

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ecoelle
ecoelle Posts: 1,585 Forumite
Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
edited 16 September 2012 at 9:34AM in I wanna buy it or do it
ok. I've never had much money but we have some now and i'd like to invest it in gold. Where do i go to buy it?

To clarify i don't mean gold jewellery, but rather gold ingots (sp) maybe one a year? as an investment for my babies future. Can you buy them at any jewellers or do i have to go to somewhere specific? Has anyone else ever bought them online?
Thanks

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  • cootuk
    cootuk Posts: 878 Forumite
    Wherever you buy, only pay the daily price of gold with a small premium (for the spread and their profit margin).
    tbh coins are far more tradeable than ingots, and jewellers/pawn brokers (etc) probably have a wider stock of sizes specifically for trade.

    It all depends what sort of ££ you expect to spend each time.
    1/10oz coins currently around £130
    1/2 sovereigns about £140
    2.5g gold bar £120
  • Have a look at this, http://www.bullionbypost.co.uk/ good luck.
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