considering saving in gold bullion

tranquility1

HunterBurgan said:

Anyone any previous experience/ dealing in doing this please?

Considering doing it myself; buying it and putting it in the safe and selling off when/ if needed

Anyone know best places to buy and sell please?

Thanks

I would recommend Bullion by Post or Atkinsons.  Atkinsons is cheaper.  Atkinsons also list on their website what price they buy metals back for.  

Stick to gold Britannias (£1370 each) and gold sovereigns (£320 each) and for silver, stick to 1oz silver Britannias (£26 each).

If you wanted to have a gold or silver ETF in your ISA instead, then you can look up:  iShares Physical Gold (SGLN) and iShares Physical Silver (SSLN).


Gold Britannias and sovereigns are CGT and VAT free, both when you buy and sell.  This makes them buy/sell friendly.  Silver Britannias are CGT free...  but VAT at 20% is charged when you buy silver. 

Stick to British coins (Britannias and sovereigns) in order to stay on the right side of CGT.  Although CGT isn't really an issue for most people as you can make over £12,000 per year before you have to pay CGT.

bugbyte_2

Agree with the above. Atkinsons https://atkinsonsbullion.com/ have the buy and sell price and seem to give the best prices. The have a physical shop in Sutton Coldfield so a day out from Manchester!

Gold price went up in the recent stock market downturns so is a good hedge against crashes - Probably better than bonds in my not very expert opinion. I keep 4% in physical gold (not in the house though!) as that is the amount I would need to liquidate for one year if I was living off my savings.   

Planeteer

Could I ask what the difference is between Brittania and other bullion coins from the Royal mint? Weight of gold? And the difference between the years, and bullions and bars?

Sorry, but very curious to learn from this thread. Thanks!

HunterBurgan

bugbyte_2 said:

Agree with the above. Atkinsons https://atkinsonsbullion.com/ have the buy and sell price and seem to give the best prices. The have a physical shop in Sutton Coldfield so a day out from Manchester!

Gold price went up in the recent stock market downturns so is a good hedge against crashes - Probably better than bonds in my not very expert opinion. I keep 4% in physical gold (not in the house though!) as that is the amount I would need to liquidate for one year if I was living off my savings.   

Have a look at the market prices hear

They dont look that stable at all!

https://www.gold.co.uk/gold-price/gold-price-chart/

The last year its shows to have come down a lot

But in 3 years gone up

https://www.gold.co.uk/gold-price/3-year-gold-price/

Do you think it will go back up again?

Do you use tracker funds to inverst in the rest of your gold?

Thanks

eskbanker

Groundhog Day?

https://forums.moneysavingexpert.com/discussion/comment/78686058/#Comment_78686058

eskbanker said:

HunterBurgan said:

Take a look at these 2 links that show its vale of the last year and the last 3 years

It dose not look at all that stable to me!

https://www.gold.co.uk/gold-price/gold-price-chart/

https://www.gold.co.uk/gold-price/3-year-gold-price/

Anyone buying gold while under the impression that its price would be stable has a serious due diligence shortfall!