Best way to buy Gold bars or coins?

jon3001

thrupence wrote: »

Even using your numbers then, there are 48 ounces of silver to 1 ounce of gold and NOT as Asheron claimed 31 ounces to one ounce of gold.

I was pointing your error of using 16 ounces to the pound for troy measures.

Afte 1922 the florin was debased to 50% silver. That's probably getting towards Asheron's figure.

crazygaijin

Asheron wrote: »

If Gold goes over $1000 oz it will be on the news every day of the week, that is why they keep it below.

They don't want 99% of the population to buy Gold,

They are called Plunge Protection Teams.

It was over a 1000 last yr it wasnt in the news every day.

The thing with holding gold you dont get any income from it?

crazygaijin

Hanks6 wrote: »

might go for some physical silver too but i already have 3-4kg in coins/scrap lying around.

btw read the small print for the perth holding schemes. backed by the government yes, great if you trust them to the end. also insured by lloyds of london ;]

I have been investing with Perth Mint for yrs they are the safest by far.

As long as you buy inthe dips and sell at the top, far beter than etfs etc.

Holding physical has more charges involved plus more risks and worry in my opinion. Someone could torture you to find the combo of your safe ect.......

Silver used to be over $20 oz then halved in price so I bought 25K pounds worth of unallocated PM silver certificates. When the prices goes back up I will consider selling but no hurry because there are no ongoing storage fees. I want to put it towads a house in London when the prices become low enough.

Hanks6

sounds like a nice play. the likelyhood of of paper gold/silver funds going bust is higher than being tortured for a safe code imo. but storing schemes are cool, ETF's is the biggest risk.

i would trust the perth mint certificate schemes, just trying to make the point that having it in your hand runs closely with the logic of investing in PMs. from a non market timer point of view, your wealth needs to be available in case of the worst possible scenarios.

mini_lidi

ok so after reading all 9 pages im still a tad confused
so as im english what is the OVERALL best thing to buy?
Silver or Gold?
Bars or Coins?
Also where because i dont want paper i want the real thing!!

[Deleted User]

mini_lidi wrote: »

so as im english what is the OVERALL best thing to buy?
Silver or Gold?
Bars or Coins?

I would buy gold as it's VAT free.
If you purchase silver or platinum, you have to pay 15% VAT on top. That (plus a 5% premium perhaps) makes the cost of buying silver at least 20% over the spot price. This means the price of silver needs to rise around 25%+ (includes a 5% premium when selling) just for you to break even. Correct me if I'm wrong.
What I would like to know; is there any country in Europe (Andorra, Switzerland, Liechtenstein?) where you can buy physical silver in either bars or coins without paying VAT locally??

mini_lidi

Thanks
but like you say i know want to know where i can actully buy some Gold or like you said VAT free silver? but then if i imported it into England i wouls stilll have to pay the VAT?

cloud_dog

mini_lidi wrote: »

Thanks
but like you say i know want to know where i can actully buy some Gold or like you said VAT free silver? but then if i imported it into England i wouls stilll have to pay the VAT?

Mini. I assume you have looked at the links in this thread.............

https://www.coininvestdirect.com (select Uk, and £), and or baird.

Both of these offer gold and silver coins. Wrt which coins (or even bars) you should purchase, well thats up to you. A lot of people who can afford it go for the 1oz coins (UK Brittania, Canadian Maple Leaf, SA Krugerrand, US Eagle), its easy to value them as the gold price is quoted by the ounce.

Alternatively, choose a smaller coin (Sovereign, half Sovereign) etc, etc. For info sovereigns are still legal tender (I believe).

Regarding paying VAT on silver well, thats just the way it is as silver is primarilly classed as goods and therefore VAT is payable.

Both of the aforementioned sites allow you to buy gold or silver bullion bars if you so wish.

cloud_dog

[Deleted User]

I just discovered this when googling 'silver vat free'.

90% Silver Bags (0.900 Fine Silver)

(715oz of pure 24 carat silver)

Bags of U.S. circulating legal tender coins (dimes, quarters, half-dollars) containing 90% silver are traded based on silver weight. All bags contain $1,000 face value of the coins and a "90% bag" may contain 10,000 dimes, 4,000 quarters or 2,000 half-dollars or a mixture of dimes, quarters or halves that total $1,000 face value. All "90% coins" are pre-1965 because prior to 1965, all U.S. dimes, quarters and half-dollars were struck from an alloy containing 90% silver and 10% copper. Many people want to own pre 1964 silver coins as they allow a person to have silver in very small denominations and can be purchased at a very small premium over their spot price or melt value. These silver bags are VAT free in the EU and some other jurisdictions due to their legal tender status.

• 1964 Kennedy Silver Half Dollars
• 1948-1963 Franklin Silver Half Dollars
• 1916-1947 Walking Liberty Silver Half Dollars
• 1932-1964 Washington Silver Quarters
• 1946-1964 Roosevelt Silver Dimes
• 1916-1945 Mercury Silver Dimes
• 1942-1945 Jefferson 35% Silver Nickels
• Plus, the possibility of finding 1892-1916 Barber Silver Dimes, Quarters, and Half Dollars.

Source: http://www.gold.ie/modern_silver_coins.php

mini_lidi

what so i could invest in those?? or is it not a worth-while investment?