Best way to buy gold?

Retired_Minky

coastline said:

tranquility1 said:

lifemagic said:

To answer op's question, an ETF is the best way to hold any significant amount. Most, even on the London stock exchange, are in USD meaning you're gambling on the usd/gbp exchange rate as well as the gold price. The answer is to buy one hedged to pound sterling.

I would recommend the GBP hedged one from Invesco, on the London stock market, ticker SGLS. Backed by physical gold and a fee of 0.3%, in comparison to the more expensive one by Wisdomtree ticker GBSP charging 0.6%.

Having looked into it a bit, I think iShares gold/silver ETCs are actually in GBP/GBX, rather than USD.

Handy site for ETF's.

ETF portfolios made simple | justETF

Comparison, Market Cap, Physically backed , Domicile.

Top Gold ETFs/ETCs | Find The Best Gold ETF/ETC | justETF

Thanks. Really useful link. I'm looking to add Gold to my portfolio.

I'm fee centric so like the low fees (0.15%). The Invesco funds look good.

Any recommendations on why you would go for a GBP hedged one over the USD spot rate?

The site lists the GBP hedged one in the top 3.

tranquility1

Retired_Minky said:

coastline said:

tranquility1 said:

lifemagic said:

To answer op's question, an ETF is the best way to hold any significant amount. Most, even on the London stock exchange, are in USD meaning you're gambling on the usd/gbp exchange rate as well as the gold price. The answer is to buy one hedged to pound sterling.

I would recommend the GBP hedged one from Invesco, on the London stock market, ticker SGLS. Backed by physical gold and a fee of 0.3%, in comparison to the more expensive one by Wisdomtree ticker GBSP charging 0.6%.

Having looked into it a bit, I think iShares gold/silver ETCs are actually in GBP/GBX, rather than USD.

Handy site for ETF's.

ETF portfolios made simple | justETF

Comparison, Market Cap, Physically backed , Domicile.

Top Gold ETFs/ETCs | Find The Best Gold ETF/ETC | justETF

Thanks. Really useful link. I've just read "own the world" and I'm looking to add Gold to my portfolio.

I'm fee centric so like the low fees (0.15%). The Invesco funds look good.

Any recommendations on why you would go for a GBP hedged one over the USD spot rate?

The site lists the GBP hedged one in the top 3.

Gold has just dipped too.


Naturally, I bought more the day before it dipped.

Thrugelmir

Retired_Minky said:

coastline said:

tranquility1 said:

lifemagic said:

To answer op's question, an ETF is the best way to hold any significant amount. Most, even on the London stock exchange, are in USD meaning you're gambling on the usd/gbp exchange rate as well as the gold price. The answer is to buy one hedged to pound sterling.

I would recommend the GBP hedged one from Invesco, on the London stock market, ticker SGLS. Backed by physical gold and a fee of 0.3%, in comparison to the more expensive one by Wisdomtree ticker GBSP charging 0.6%.

Having looked into it a bit, I think iShares gold/silver ETCs are actually in GBP/GBX, rather than USD.

Handy site for ETF's.

ETF portfolios made simple | justETF

Comparison, Market Cap, Physically backed , Domicile.

Top Gold ETFs/ETCs | Find The Best Gold ETF/ETC | justETF

Any recommendations on why you would go for a GBP hedged one over the USD spot rate?

Reduces the exposure to volatility in value. With the US $ version. You are exposed to the both the fluctuating price of Gold (priced in US $) and the current $ - £ exchange rate. 

Retired_Minky

Thanks. Do you think its worth paying the extra in fees to hedge the currency.

It's a good feature but not sure the extra AMC is worth it.

tranquility1

iShares Physical Gold ETF (SGLN) is hedged to the £.

Retired_Minky

tranquility1 said:

iShares Physical Gold ETF (SGLN) is hedged to the £.

Thanks. I had a look at the literature and can't see any reference to it being hedged.

Also on the ETF comparison site it doesn't show as hedged:

https://www.justetf.com/en/how-to/gold-etfs.html

tranquility1

Retired_Minky said:

tranquility1 said:

iShares Physical Gold ETF (SGLN) is hedged to the £.

Thanks. I had a look at the literature and can't see any reference to it being hedged.

Also on the ETF comparison site it doesn't show as hedged:

https://www.justetf.com/en/how-to/gold-etfs.html

If you search for it on Hargreaves Lansdown, you'll see it's priced in GBX, which means British pence.

ColdIron

That doesn't make it hedged

tranquility1

There is a risk in ordering bullion to be posted to you by the likes of Atkinsons/Bullion by Post/Royal Mint. 

That risk is their database being hacked/stolen etc and criminals knowing your name, phone number, email, postal address and how much bullion you bought.


How safe is it?  Has anyone heard of any breaches?  Would this risk concern you?  

Royal Mint would, I am guessing, have the most security, but they are also the most expensive.

Alexland

tranquility1 said:

Royal Mint would, I am guessing, have the most security, but they are also the most expensive.

There was an article about Royal Mint mail order coins this weekend...

https://www.thisismoney.co.uk/money/experts/article-9871713/TONY-HETHERINGTON-gold-coins-just-left-doorstep.html