Best ways to hold precious metals

Computer_Beginner

The main advantage of physical gold possession is that it is outside government control.

If you own shares and your bank account is frozen, how do you sell the shares and access the money?

If you trust the government 100%, then don't hold any gold.

Computer_Beginner

markj113 wrote: »

You can
You can also buy silver from the EU and not pay 20% VAT.

Am I correct in thinking that only applies to silver coins, not bars?
A lot of these companies up their prices anyway and you have to pay delivery charges.

markj113

Computer_Beginner wrote: »

Am I correct in thinking that only applies to silver coins, not bars?
A lot of these companies up their prices anyway and you have to pay delivery charges.

In theory yes, but you can get 1kg "coin bars" as a work around.




Premiums are still higher than gold but buying silver from the below companies is much cheaper than sourcing silver in the UK and paying VAT.


Worth checking out :


https://goldsilver.be/en/

https://www.europeanmint.com/

shaun_from_Africa

markj113 wrote: »

You can buy a 1/2 sovereign at about 3% over spot, that is not a large premium for fractional gold

3% over spot for a small purchase?
Where is that from?

markj113

shaun_from_Africa wrote: »

3% over spot for a small purchase?
Where is that from?

premium varies,


Currently 3.5% on a sovereign here:
https://www.hattongardenmetals.com/buy/

shaun_from_Africa

markj113 wrote: »

premium varies,

Currently 3.5% on a sovereign here:
https://www.hattongardenmetals.com/buy/

But you stated:

markj113 wrote: »

You can buy a 1/2 sovereign at about 3% over spot, that is not a large premium for fractional gold.

And if you go to the same website that you lined to about and look at a 1/2 Sov, you will find that the price is shown as £121.52
With this coin containing 3.98g of gold, it works out at just over 4.5% above spot.

markj113

shaun_from_Africa wrote: »

But you stated:





And if you go to the same website that you lined to about and look at a 1/2 Sov, you will find that the price is shown as £121.52
With this coin containing 3.98g of gold, it works out at just over 4.5% above spot.

The premium fluctuates.

Are you really crying over over an extra £1 or 2 a coin?

Don't be tight and buy a full Sovereign at 3.5% over spot they are cheap enough.

Next time I won't bother trying to help you out if you want to be an argumentative !!!!.

Computer_Beginner

markj113 wrote: »

In theory yes, but you can get 1kg "coin bars" as a work around.




Premiums are still higher than gold but buying silver from the below companies is much cheaper than sourcing silver in the UK and paying VAT.


Worth checking out :


https://goldsilver.be/en/

https://www.europeanmint.com/

Would that really count as 'legal tender'?
I thought the Estonian law stated only their own mint's legal tender coins were VAT exempt.

PS my sarcastic criticism of the UK's gold reserves sales did not go down well...

DiggerUK

The last time 'Glint' was mentioned on MSE, we were on holiday.
We had a wonderful time...._

shaun_from_Africa

markj113 wrote: »

The premium fluctuates.

Are you really crying over over an extra £1 or 2 a coin?

Don't be tight and buy a full Sovereign at 3.5% over spot they are cheap enough.

Next time I won't bother trying to help you out if you want to be an argumentative !!!!.

I'm not crying over anything, simply correcting something that you posted.
If you consider someone posting facts to be argumentative and if you also think that a difference in sellers premium of about 50% is irrelevant (you stated 3% for a 1/2 Sovereign but it's actually 4.5%) then I don't really need your "advice".