Best ways to hold precious metals

cashbackproblems

Hi


I currently use the Glint app to hold Gold (backed by physical Gold) and find the service excellent with low fees. Are there similar platforms to convert GBP to other metals e.g. Silver, Platinum etc, without buying a fund?


thanks

Flobberchops

cashbackproblems wrote: »

Best ways to hold precious metals

In clawed fistfuls, clutched to your chest while you cackle about "My precious"...

Rheumatoid

I have used Bullionvault in the past

short_butt_sweet

the best place is: in your imagination only. stick to proper investments.

Computer_Beginner

Why don't you want to use a physical backed ETF?

cashbackproblems

short_butt_sweet wrote: »

the best place is: in your imagination only. stick to proper investments.

I have plenty of “proper” investments, Gold as a commodity is actually a safer store of value than normal currency (history shows this). With government debts out of control, more rates rises imminent and equities due a correction, there is no better time to be holding Gold/Silver.

cashbackproblems

Computer_Beginner wrote: »

Why don't you want to use a physical backed ETF?

High Fees . With Glint for example there are no ongoing/platform fees, event BullionVault looks good but charges minimum £4pm for storage which on a small amount is expensive.

Computer_Beginner

cashbackproblems wrote: »

High Fees . With Glint for example there are no ongoing/platform fees, .

Don't Glint make their money via transaction fees? No such thing as a free lunch.
Are you planning to just buy and hold with Glint to avoid fees?

short_butt_sweet

cashbackproblems wrote: »

I have plenty of “proper” investments

glad to hear it.


and i hope you're not putting more than 1% of your investible assets in PMs.

Gold as a commodity is actually a safer store of value than normal currency (history shows this).

false - unless you define "store of value" in some technical way that's irrelevant to most people.


and you're using glint to get exposure to gold? implying you trust 1 obscure company to honour its debts more than you trust the UK??


if glint were wound up, and (this is not a certainty) all the physical gold it's supposed to hold to back clients' "gold" did exist, who do you think would pay the costs of distributing it to clients?

With government debts out of control, more rates rises imminent and equities due a correction, there is no better time to be holding Gold/Silver.

this is market timing: just say no, kids!

markj113

Baird & Co Goldsavers account. they are the UK's largest precious metals refiner:
http://www.goldline.co.uk/goldsavers.page


Royal Mint signature account:
https://www.royalmint.com/invest/bullion/the-signature-range/


Gold Money:
https://www.goldmoney.com/

Computer_Beginner

short_butt_sweet wrote: »

the best place is: in your imagination only. stick to proper investments.

Gordon Brown? Is that you?