Investing in gold, where to start?

Reluctantpensioner

If you really want gold in your hand (Smaug) then consider: BUY/SELL losses and perhaps CGT.
No VAT, but there is a CGT potential.
CGT can be avoided if you buy UK coins, as they are theoretically legal tender
(If you want to spend a £1627 coin in a pound shop!)

Prices at time of post (bullionbypost):
BUY:

Gold Britannia	from £1,622

Gold Krugerrand from £1,627

SELL:

1oz Gold Britannia£1,463.70

1oz Gold Krugerrand£1,463.70

As things are equal, i you insist on holding gold, it looks to me that UK coins are preferable for a UK customer. 
There are also bars etc. but prices and spreads look similar.

If not held in an ISA/SIPP, then an ETC, (a commodity ETF) has a CGT potential too. There is a buy/sell spread but its tiny.
Of course if your gains are small (or you lose money) then CGT is not an issue.

Instead of making Physical Gold investments, some invest in Gold Mining shares/funds.
You need to be aware that this gives a more bumpy ride. It will go up faster than the gold price, and fall faster too.
Unless its Russian Gold!
E.G.


Some thoughts for you:
Have you missed the timing? (Search for "gold too late" for lots of discussion).
I hope this is a moderate part of your portfolio.
I invested in gold at the top of the market: took 12 years to be back in the black.

MayHamrick

I think you can find this information on the Internet.

cx6

This is the internet.

lozzy1965

cx6 said:

This is the internet.

I've tried sending my replies in by old fashioned post, but they never seem to make it onto the right thread!