Investing in Britannia 1oz gold coins.

Cus

Royal mint do something called Little Treasures that is one way to invest for your kids.

noitsnotme

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.

My stash was sadly lost in an unfortunate boating accident and is now somewhere at the bottom of the sea. Ah well 🤷‍♂️

plumb1_2

Gold has been good for me, a few yrs ago I started buying gold on line auction site, between £4/£6 per gram,for 9ct . educated guess on weights 95% of the time usually in my favour. Plus being sent 14&18ct on a rare occasion was a bonus.
Just cashed 600grams in @£16.05 per gram earlier this year.and will cash in a few hundred more in the next few weeks So a good result for me.
But I did invest a lot of time into it, wish I had spent my time researching about pensions and investing more. 

Adyinvestment

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.

I believe (I did check this out of curiosity a while back) that if purchases are less than £5000 or total under £10000 in one year that the retailer does not need to keep your details, although I guess if buying from an online retailer then they will have your orders on file.

So perhaps buy offline under the limits or the 2nd hand market to stay off radar

Besides which who is to say that you haven't sold it on privately, or given it away, lost it, or a multitude of other things that may of/could have happened to it...

plumb1_2

I’ve got 100 sovereigns buried in a section of my back garden , if anyone wants to come and dig um up, feel free. Let me know when you’re done so I can plant some spuds.

MACKEM99

plumb1_2 said:

I’ve got 100 sovereigns buried in a section of my back garden , if anyone wants to come and dig um up, feel free. Let me know when you’re done so I can plant some spuds.

From an episode of Porrige. 

Bigwheels1111

These guys offer good rates for sale, or so i believe.

https://tavexbullion.co.uk/gold/1-oz-britannia-goldcoin/