Investing in Gold Question

rfowler

Hi All,

As the price is low I wanted to invest some money in physical gold. I have 2 questions:

1. Do i buy gold bars or gold coin?

2. Which make or design is best for investment

I know ppl been saying Canadian Maple Leaf is the best for that but all comments welcomed.

Thanks

mystic_trev

You'd be better off investing in Mars Bars and chocolate coins!

AndyT678

The price of gold has been <$500 per oz for at least 20 of the last 30 years. Still think $1,100 is cheap?

As well as the potential to lose >50% of its value, physical gold has a premium attached to buy, costs money to store, can be nicked / lost and generates no income.

There are other, better ways to invest if you think the price of gold will go up imo.

atush

What makes you think the price is low? I have gold, but bought in the low 600's. I sold half when it was rising to it's peak so dont mind there is no income as I already have more than my money back.

i wouldn't be buying it now.

ColdIron

Go for coins rather than bars, they are more recognisable and should be easier to buy and sell

Sovereigns and Britannias don't attract capital gains tax but you would need a lot of them and a big price rise for this to be a worry

Sovs and Krugerrands trade at the lowest premium so are likely to be slightly cheaper but any of he well known ones are fine

bigfreddiel

ColdIron wrote: »

Go for coins rather than bars, they are more recognisable and should be easier to buy and sell

Sovereigns and Britannias don't attract capital gains tax but you would need a lot of them and a big price rise for this to be a worry

Sovs and Krugerrands trade at the lowest premium so are likely to be slightly cheaper but any of he well known ones are fine

Don't buy coins or bullion, buy a physical etf if you must invest in a commodity that doesn't pay a dividend and is currently on a downward trend in value

fj

DiggerUK

@rfowler
I can't recommend gold too highly. That being said, I don't get the idea you are making anything other than a fanciful notion a possibility.

I have the strongest feeling that you have made nothing other than a cursory investigation of gold.
Might I suggest that you buy a sovereign and follow its fortune. In the meantime, do some research.
..._

Thrugelmir

At the current time there's little to suggest that it's a good opportunity to buy gold.

atush

DiggerUK wrote: »

@rfowler
I can't recommend gold too highly. That being said, I don't get the idea you are making anything other than a fanciful notion a possibility.

I have the strongest feeling that you have made nothing other than a cursory investigation of gold.
Might I suggest that you buy a sovereign and follow its fortune. In the meantime, do some research.
..._

Of course you can't. As you are trying to get others to invest, to raise prices on what you hold as you have been losing money for the last 3/4 years?

OP. please ignor all metal rampers.

DiggerUK

http://www.dailymail.co.uk/money/diyinvesting/article-3177693/INVESTMENT-CLINIC-read-price-gold-fallen-five-year-low-does-mean-good-time-invest-it.html

@rfowler The above piece is the type of article you need to study before you go further with your gold quest.
..._

george4064

I would recommend the best way to get exposure to physical gold is through the GBP ETF;

ETFS METAL SECURITIES LD ETFS PHYSICAL GOLD £ (Public, LON:PHGP)