Gold coins

MoneySavingTart

Is anyone here into gold coins as a metal investment (rather than rarity value coins themselves).
I'd like a bit of background info on sources - too many adverts on a basic google search for my liking.

TIA

jaybeetoo

The easiest and cheapest way to invest in gold is through an Exchange Traded Commodity (ETC).

MoneySavingTart

Thanks for that but this requirement is for physical coins in my hand.

_CC_

Hiding it from a spouse? Ha

MoneySavingTart

It would be imprudent for me to answer in public! ha!

p00hsticks

No personal experience, but I think my OH has used this company in the past successfully to buy sovereigns

https://www.bullionbypost.co.uk/

ColdIron

Stick to well known 22k to 24k bullion coins, they will be easy to buy and sell and have low buy/sell premiums. UK Sovereigns and Britannias are easy to obtain and attract no Capital Gains tax on sale. Krugerrands, Canadian Maples, American Eagles, Austrian Philharmonics, Australian Nuggets and any of the Lunar series are worth looking at as well. Avoid commemorative stuff that you see on TV

Be sure why you are buying them, they are not a good investment for most people as prices can, and often do, move unexpectedly. Traditional equity/bond investments will likely produce better returns
https://www.kitco.com/charts/popup/au3650nyb.html

These are all reputable vendors, avoid facebook etc
http://www.goldline.co.uk
http://www.hattongardenmetals.com/buy/
https://atkinsonsbullion.com/
https://www.bullionbypost.co.uk/
https://www.chards.co.uk/

MoneySavingTart

Thanks very much Cold Iron. :beer:

A quick and near simultaneous scan of prices (so they would not be moving much) showed a variation of the cheapest 1 off 1oz coin to vary from £1174 to £1221 each earlier today.

A range of nearly 4%

I was surprised at the range and presumably most purchasers are fairly canny types, why would any one buy other than the cheapest.

Incidentally Chard who you mention was the one asking £1174.

ColdIron

Sovereigns have been produced for centuries and Krugerrands are widely available. A particular Chinese Panda less so. Bullion is a commodity so shouldn't be affected by availability but the simple fact is that it does happen, hence the small spread. Someone clearing their granny's loft and selling a sov on eBay will have lower overheads than a shop etc. No secret just market forces

MoneySavingTart

Thanks Cold Iron,
I had wondered if the variation was down to older coins being 22ct rather than newer ones being 24ct.
Market forces it is then. I guess setting up a few online accounts with different firms would enable me to pounce when the prices are right.

Fingers crossed!

quirkydeptless

ColdIron wrote: »

http://www.hattongardenmetals.com/buy/

Hatton Garden, why does that name ring a bell :think: