best way to buy physical gold descreetly

armour

I fancy some of the above as a hedge against hyper inflation/ collapse of other asset classes. I'd want to buy small units. Small ingots / coins perhaps.
Any ideas?

MoneySaverLog

bullion by post, expect to pay a premium above spot though as although price has crashed people are holding and not selling at the lower prices.

ColdIron

eBay should do the trick nicely for small amounts

accesspwd1

Be sure to buy correct off ebay, some pictures look a lot bigger than the gold actually is plus clever wording so you tend to pay over the odds

Id recommend bullion by post - around £45 for 1g bar

Glen_Clark

MoneySaverLog wrote: »

bullion by post, expect to pay a premium above spot though as although price has crashed people are holding and not selling at the lower prices.

The price quoted ($1400 an ounce in the FT) is the price gold is being sold at. They wouldn't quote that price if none was being sold at it.
PS: I've got some to sell

MoneySaverLog

Glen_Clark wrote: »

The price quoted ($1400 an ounce in the FT) is the price gold is being sold at. They wouldn't quote that price if none was being sold at it.

cheapest 1oz bar (currently available to buy on bullion by post) is around $1490 given the spot at around $1406. Silver is worse as there is VAT to pay on that on top of the premium.

Paper Physical ETF's are out of sync from the actual physical holding of the metal in your hand.

Thrugelmir

armour wrote: »

I fancy some of the above as a hedge against hyper inflation/ collapse of other asset classes. I'd want to buy small units. Small ingots / coins perhaps.
Any ideas?

Gold appears to be in its biggest bear market since the 80's. So perhaps not the time to be buying.

atush

Yes, lets all buy a collapsing asset.

Not your wisest move. But go ahead if you like, there has to be a loser for every winner.

Duke203

For that 1g bar try http://www.atkinsonsthejewellers.com/shop.php?sec=prod&prod=1089

£36 there vs £45 at bullionbypost is much more preferable.

http://www.coininvestdirect.com/ is also good but is offline for 'maintenance' at the moment...

brasso

If you are ever in Switzerland, you can walk into a bank and buy gold over the counter.

Not sure if that's unusual compared with other countries, and not sure how the price compares, but it's quite legal to do it.

brasso

atush wrote: »

Yes, lets all buy a collapsing asset.

Not your wisest move. But go ahead if you like, there has to be a loser for every winner.

It's fallen in value and may well fall some more. But the OP wants a hedge against a wider economic collapse, rather than looking for a short term investment. If there is a bigger collapse, or high inflation, gold will climb again.

I also have some physical gold for the same sort of reason. It may come in useful over the next 30 years, and if not will be a nice thing to bequeath to someone. Critics say that it pays no dividend, but it does. The 'income' is gives me is peace of mind.

But I agree (if this is your point) that it isn't a great idea to be piling your pension money into gold right now i.e. a lump of money that you need to use at a particular time for something else.