Where to buy physical Gold/Silver Bullion at Market price?

markj113

As I said previously you cant buy silver in the UK VAT free (or platinum, rhodium, palladium)

Dont get caught up on coin purity just look at fine weight. e.g a 1oz 999 (24ct) gold coin will have the same gold content as 1oz 22ct gold coin. Only difference is you will get a little extra copper or silver on top in the mix.

Krugerrands are just bullion so price will be based on gold spot price. General advice when buying bullion is buy whats specific to your country e.g. Gold eagles in the US, Krugerrands in Africa, Britannias & sovereigns in the UK.

For some good advice and guidance you can also checkout this UK forum:
http://thesilverforum.com/

richtips86

bery_451 wrote: »

Ok looking for gold or silver coins that has a low mint or limited editions, purest gold or silver makeup at 1 troy oz weight and the company delivers physical silver vat free?

Also added to that above list apart from british sovereigns what else collectors want in the future? Anything else from other countries?

What about South African Krugerrands, more value than british sovereigns?

Where can I get at the best cheapest prices safely?

It’s impossible to say what will be sought after in the future. Demand for specific coins is based upon trends so what is currently highly sought after may not be so in the future and therefore premiums paid may vary. For instance, the demand for current decimals is a lot greater than it probably should be, fuelled by recent news stories of Kew Gardens 50p, undated 20p etc. and members of the public buying on ill informed information. Whilst their mintages are relatively low for modern coins, when compared to mintages of many coins of the last 200yrs are not scare by any means - 600k for Kew is huge in comparison to any of the Wreath Crowns from the 20/30s so prices paid now are not likely to hold in the future.

If you really want to buy something that may attract a serious premium try buying for instance a 1999 £2 technological achievement coin in truly uncirculated condition. You won’t be able to. There were millions minted but none so in collectors packs so the only uncirculated versions are those plucked from change. I managed to find one and paid £38 for it 3yrs ago, was it fair value? Who knows? But for the possibility of it increasing in value I’m willing to take the punt (I also bought 10 Kew garden 50p pieces in 2012 for a combined price of £20 and made a tidy profit on those).

Regarding bullion coins - Britannia’s, sovereigns etc. Very few have numismatic value (there are exceptions) so their price will only reflect the current price of those metals - take a look at a spinks catalogue as evidence.

bery_451

Ok coming back to this thread a year later is there anything thats needs be added or mentioned? Previous Links in this thread are all legit sites or has there been any changes?

What it is that I was speaking to one of my neighbours about these metals and they saying they like to buy as they believe another economic recession/depression is due upon us soon. They believe the dodgy bankers will use the brexit as a cover excuse that will start the next global financial crash.

Wheres the cheapest places now to buy gold/silver nearest to the market price and which gold/silver ETF's are trustworthy audited?

There's no getting away of paying VAT on silver then? Can someone go abroad and buy silver VAT free and bring it back to UK?

Nasqueron

Firms back market crashes as part of their attempts to make money, BlackRock is notorious for it, I believe I recall Private Eye's recent issue correctly stating they have bet against 50 FTSE 100 firms all quite openly. While that would make them profit, it's hardly in the mainstream interest to engineer another crash, but rather Brexit (particularly a no deal one) may actually cause such a crash without any need for engineering.


Gold and metals are worth what people are willing to pay for them, in the event of a world disaster gold would be worthless (someone with guns, clean water, food etc would be rich vs someone with some largely useless metal, particularly if said metal could be taken at the pull of a trigger...). Gold prices could tank just as much as the economy could

Malthusian

bery_451 wrote: »

What it is that I was speaking to one of my neighbours about these metals and they saying they like to buy as they believe another economic recession/depression is due upon us soon. They believe the dodgy bankers will use the brexit as a cover excuse that will start the next global financial crash.

Presumably this conversation took place in their multi-million pound mansion or superyacht that they bought from correctly predicting the timing of the economic cycle? If not what makes them so credible?

People who talk like this buy nothing but silver and gold and always think there is a recession / depression next year. Eventually they are proven right. 90% of the time they are wrong. By sticking to this belief 100% of the time they lose money (compared to if they held something that was actually an investment, with an actual yield).

Those who try to hold real assets while the markets are going up and shiny metal when the markets are going down also lose money as 90% of them time it wrong.

There's no getting away of paying VAT on silver then? Can someone go abroad and buy silver VAT free and bring it back to UK?

Why not just stay abroad and live on your big pile of shiny grey metal while watching the J... ^H^H dodgy bankers burn the UK to the ground from a safe distance?

Malthusian

Nasqueron wrote: »

Firms back market crashes as part of their attempts to make money, BlackRock is notorious for it, I believe I recall Private Eye's recent issue correctly stating they have bet against 50 FTSE 100 firms all quite openly.

Private Eye omitted to mention that BlackRock is also betting for all the FTSE 100 firms, the majority of the UK's other publicly listed firms, and thousands of other firms across the world, via its numerous other investment funds. Because it's a satirical comic and pointing that out would spoil the joke.

dont_use_vistaprint

I have bought silver bullion in cash converter shops much cheaper than online, it depends which coins you want , some are more collectable and shops will negotiate especially just before month end. You can also get silver at auctions at a good price if they are large items with minimal design like simple spoons, trays, plates. Its more for fun and as gifts as as the price is so low, not a serious investment strategy.

I dont fully understand the VAT issue regarding holding physical metals yourself vs in a vault. Maybe someone else can explain.

Malthusian wrote: »

Those who try to hold real assets while the markets are going up and shiny metal when the markets are going down also lose money as 90% of them time it wrong.

Isn't this what professional investors do ? by metals when markets go down

ColdIron

bery_451 wrote: »

What it is that I was speaking to one of my neighbours about these metals

Ah neighbours, that rich untapped seam of prudent fiduciary advice

They believe the dodgy bankers will use the brexit as a cover excuse that will start the next global financial crash.

No further questions M'lud

Flobberchops

bery_451 wrote: »

There's no getting away of paying VAT on silver then? Can someone go abroad and buy silver VAT free and bring it back to UK?

It's even simpler than that. You find a dealer based outside the UK and you buy from them. There's a popular Belgian site I forget the name of, and I've used Goldcore (based in mainland Ireland) myself.

Malthusian

dont_use_vistaprint wrote: »

Isn't this what professional investors do ? by metals when markets go down

Most of the minority of professional investors who try this do it when it is too late, and sell shares cheaply so they can buy shiny metal expensively. If all the professionals managed to cash out when markets are high the markets wouldn't be high in the first place.

If you're a professional investor in the sense that it's someone else's money then it doesn't matter so much if you lose it.