Investing in Britannia 1oz gold coins.

Bigwheels1111

Eyeful said:

1. Gold does not pay you a dividend.
2. When inflation is high and there is fear in the markets, it is the wrong time to buy
    (gold price will be high already)
3. Where are you going to store these gold coins? 
4. Have you factored in storage costs and insurance?

If social media or advertising had any part in getting you interested in buying, then just forget it.

Im out, My friend still wants to buy.

The bar are more expensive than the coins.

Storage, safety deposit box.

Did not think of insurance as in the bank.

I wanted some for Kids in the family, a nice start when they hit 18.

I will give some cash or wait and see if rates drop.

ivormonee

If you're interested in investing in gold, any reason why you might not wish to consider doing so through an ETF?

bostonerimus

I would be contributing to your workplace, or personal pension, before buying gold to get any employer contribution and the tax advantages.

Linton

Bigwheels1111 said:

Eyeful said:

1. Gold does not pay you a dividend.
2. When inflation is high and there is fear in the markets, it is the wrong time to buy
    (gold price will be high already)
3. Where are you going to store these gold coins? 
4. Have you factored in storage costs and insurance?

If social media or advertising had any part in getting you interested in buying, then just forget it.

Im out, My friend still wants to buy.

The bar are more expensive than the coins.

Storage, safety deposit box.

Did not think of insurance as in the bank.

I wanted some for Kids in the family, a nice start when they hit 18.

I will give some cash or wait and see if rates drop.

In conditions of a collapse of the currency and the resultant economic chaos would the safety deposit box be accessible?  Surely someone worried about such things should keep their gold under their bed (metaphorically speaking).

fryedslyce

Linton said:

Bigwheels1111 said:

Eyeful said:

1. Gold does not pay you a dividend.
2. When inflation is high and there is fear in the markets, it is the wrong time to buy
    (gold price will be high already)
3. Where are you going to store these gold coins? 
4. Have you factored in storage costs and insurance?

If social media or advertising had any part in getting you interested in buying, then just forget it.

Im out, My friend still wants to buy.

The bar are more expensive than the coins.

Storage, safety deposit box.

Did not think of insurance as in the bank.

I wanted some for Kids in the family, a nice start when they hit 18.

I will give some cash or wait and see if rates drop.

In conditions of a collapse of the currency and the resultant economic chaos would the safety deposit box be accessible?  Surely someone worried about such things should keep their gold under their bed (metaphorically speaking).

If there was a complete economic collapse any emergency government would almost certainly seize all privately held gold. Gold traders have to keep records of all sales so the authorities would soon come round to collect your gold if you didn't surrender it voluntarily.

Type_45

fryedslyce said:

Linton said:

Bigwheels1111 said:

Eyeful said:

1. Gold does not pay you a dividend.
2. When inflation is high and there is fear in the markets, it is the wrong time to buy
    (gold price will be high already)
3. Where are you going to store these gold coins? 
4. Have you factored in storage costs and insurance?

If social media or advertising had any part in getting you interested in buying, then just forget it.

Im out, My friend still wants to buy.

The bar are more expensive than the coins.

Storage, safety deposit box.

Did not think of insurance as in the bank.

I wanted some for Kids in the family, a nice start when they hit 18.

I will give some cash or wait and see if rates drop.

In conditions of a collapse of the currency and the resultant economic chaos would the safety deposit box be accessible?  Surely someone worried about such things should keep their gold under their bed (metaphorically speaking).

If there was a complete economic collapse any emergency government would almost certainly seize all privately held gold. Gold traders have to keep records of all sales so the authorities would soon come round to collect your gold if you didn't surrender it voluntarily.

And you'd hand it over? 

fryedslyce

Type_45 said:

fryedslyce said:

Linton said:

Bigwheels1111 said:

Eyeful said:

1. Gold does not pay you a dividend.
2. When inflation is high and there is fear in the markets, it is the wrong time to buy
    (gold price will be high already)
3. Where are you going to store these gold coins? 
4. Have you factored in storage costs and insurance?

If social media or advertising had any part in getting you interested in buying, then just forget it.

Im out, My friend still wants to buy.

The bar are more expensive than the coins.

Storage, safety deposit box.

Did not think of insurance as in the bank.

I wanted some for Kids in the family, a nice start when they hit 18.

I will give some cash or wait and see if rates drop.

In conditions of a collapse of the currency and the resultant economic chaos would the safety deposit box be accessible?  Surely someone worried about such things should keep their gold under their bed (metaphorically speaking).

If there was a complete economic collapse any emergency government would almost certainly seize all privately held gold. Gold traders have to keep records of all sales so the authorities would soon come round to collect your gold if you didn't surrender it voluntarily.

And you'd hand it over? 

I imagine failure to hand it over or otherwise account for its whereabouts would lead to incarceration, no doubt under some newly passed emergency powers.

Type_45

fryedslyce said:

Type_45 said:

fryedslyce said:

Linton said:

Bigwheels1111 said:

Eyeful said:

1. Gold does not pay you a dividend.
2. When inflation is high and there is fear in the markets, it is the wrong time to buy
    (gold price will be high already)
3. Where are you going to store these gold coins? 
4. Have you factored in storage costs and insurance?

If social media or advertising had any part in getting you interested in buying, then just forget it.

Im out, My friend still wants to buy.

The bar are more expensive than the coins.

Storage, safety deposit box.

Did not think of insurance as in the bank.

I wanted some for Kids in the family, a nice start when they hit 18.

I will give some cash or wait and see if rates drop.

In conditions of a collapse of the currency and the resultant economic chaos would the safety deposit box be accessible?  Surely someone worried about such things should keep their gold under their bed (metaphorically speaking).

If there was a complete economic collapse any emergency government would almost certainly seize all privately held gold. Gold traders have to keep records of all sales so the authorities would soon come round to collect your gold if you didn't surrender it voluntarily.

And you'd hand it over? 

I imagine failure to hand it over or otherwise account for its whereabouts would lead to incarceration, no doubt under some newly passed emergency powers.

Wouldn't happen. And didn't happen in 1930s America either, as far as I am aware. 

subjecttocontract

I've always done ok with gold sovereigns having bought quite a few over the years. Bought some full sovs at £70 each 20 years ago......now fetch around £280. I bought a few at local auctions 5 years ago for around £160 each. Was going to sell them but have decided gold is good to hold.

Type_45

subjecttocontract said:

I've always done ok with gold sovereigns having bought quite a few over the years. Bought some full sovs at £70 each 20 years ago......now fetch around £280. I bought a few at local auctions 5 years ago for around £160 each. Was going to sell them but have decided gold is good to hold.

Full sovereigns can be sold for £335 to Atkinsons.