buying an ounce of gold

sparkychris

Evening team

Its my 40th coming up and I want to buy an ounce of physical gold. What's the most sensible and cost effective way of doing so?

Bullionbypost have lots of options all at different prices?!

Why? Surely an ounce of gold is just that, no?

I appreciate there are better things to do with my money but I want an ounce of gold, ta!

PsychoBob

Bullion by Post are quite good _ I have bought from them, but seem to be expensive. Atkinsons were cheaper & just as good. Its nice to have some Gold stashed away, but it doesn't earn anything.

ColdIron

While gold is gold, even bullion coins vary a little in price depending on desirability and availability, though they all contain one Troy ounce of gold. One of the most common and cheapest is the Kugerrand though it is somewhat plain. Britannias are common in the UK and have the small advantage of being free from CGT. If you want something beautiful look at Austrian Philharmonics, any of the Australian lunar series or Chinese pandas but expect to pay a small premium for them

BullionByPost are reputable as are Baird & Co

Mistermeaner

I think you can get chains that are an oz then you keep it with you at all times.

I always thought rappers were a bit ostentatious with all their bling. I now realise they are savvy investors taking a close personal interest in their portfolios.

Freecall

ggb1979 wrote: »

I always thought rappers were a bit ostentatious with all their bling. I now realise they are savvy investors taking a close personal interest in their portfolios.

It enables them to build diversified portfolios by balancing their exposure to agricultural products from geographically remote countries which frequently suffer from supply chain disruption and political risk.

enjoyyourshoes

If you are buying to sell then look at the different companies policy and price on buying back their own gold they sold you and price for gold from other sources.


If you are not going to sell it then question why you are buying it in the first place.

EdGasket

If its for an investment, just buy a gold ETF (exchange traded fund) as there are no costs in holding it (like insurance if you buy a physical ounce) and if not an investment then why buy at all?

Gadfium

EdGasket wrote: »

If its for an investment, just buy a gold ETF (exchange traded fund) as there are no costs in holding it (like insurance if you buy a physical ounce) and if not an investment then why buy at all?

Lots of people buy stuff that aren't investments. The OP said that he/she was buying it as they were approaching their 40th birthday. It might end up on their mantle-piece for all we know.

EdGasket

Well its a strange thing to buy if not for an investment. It's expensive and a target for theft and not much to look at. I could think of better things to do with the money.

markj113

I use all 3 of these companies on a regular basis and all 3 have great customer service and very competitive prices -

http://atkinsonsbullion.com/
http://www.hattongardenmetals.com/buy/cid0/all-stock
http://www.goldline.co.uk/goldsavers.page

Pandas, Perth Mint lunar and the USA Buffalos are very nice or if you prefer bars over coins then the Pamp Suisse bars are beautiful.

Gadfium

EdGasket wrote: »

Well its a strange thing to buy if not for an investment. It's expensive and a target for theft and not much to look at. I could think of better things to do with the money.

De gustibus non est disputandum

It wouldn't be my thing either, but each to their own.