Best way to buy Gold bars or coins?

meester

cheerfulcat wrote: »

I doubt it. Happy to be corrected though!

So what price are you expecting them to be sold at?

Beautiful half ounce AGW, sold for $435
http://cgi.ebay.com/CANADA-1976-100-DOLLARS-GOLD-COIN-500-OZ-AGW-PROOF_W0QQitemZ130227330914QQihZ003QQcategoryZ3381QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

0.1 oz AGW, sold for $82
http://cgi.ebay.com/BELIZE-1975-100-DOLLARS-GOLD-COIN-0998-OZ-AGW_W0QQitemZ130227334049QQihZ003QQcategoryZ537QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

0.9676 AGW, sold for $951 (gold was then about $930)
http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&item=140231741647

1925 Columbian 5 Peso, 0.2355 AGW, $218.50
http://cgi.ebay.com/CH-UNC-1925-Columbian-GOLD-5-Peso-2355-AGW-27_W0QQitemZ130229340175QQihZ003QQcategoryZ547QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Turkish 1868 0.218 AGW, $178
http://cgi.ebay.com/1868-TURKEY-100-KRSH-GOLD-GOLD-218-AGW-ICG-AU55_W0QQitemZ180253195064QQihZ008QQcategoryZ139964QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Mexican 1959 20 pesos 0.4823 AGW, $415.90
http://cgi.ebay.com/Mexican-20-Pesos-Gold-Coin-AGW-4823oz-Fine-Gold-1959_W0QQitemZ320262398983QQihZ011QQcategoryZ541QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

need any more?

cheerfulcat

Sorry meester, I thought you meant through a UK based dealer with a physical presence, not ebay where tbh I'd be very reluctant to buy.

EDIT - OK if you know/ have previously dealt with the seller, I suppose.

majorzott

Hate to be a bit of a killjoy - but where are you going to keep them! Remember the cost of safes/security can cost more than the goods - needs a bit of thought!

mr_rush

buy plain gold coins from asian jewellers.
some friends have £30k worth in gold coins bought when gold was $300

meester

cheerfulcat wrote: »

Sorry meester, I thought you meant through a UK based dealer with a physical presence, not ebay where tbh I'd be very reluctant to buy.

I see no reason why.

For instance the $435 half ounce AGW coin has $2000 paypal protection.

And the seller's history shows positive feedback on gold coins over $1000 stretching back six years.

I'd be 100% confident buying that.

meester

majorzott wrote: »

Hate to be a bit of a killjoy - but where are you going to keep them! Remember the cost of safes/security can cost more than the goods - needs a bit of thought!

I'd not bother personally for £2k. I'd check my home insurance policy first, and potentially change it to one that would cover it.

I know that the insurers have different rules for 'money' from normal possessions, so I would clarify 100% upfront what it would be classed as, and ensure it is properly insured. It needn't cost you anything to insure them on top of the cost of a normal home possessions policy.

freddykrueger

I've used coininvestdirect.com before to purchase some coins - the coins themselves seem to come from Germany but are sent via UPS so secure enough.

gekktel

And coininvestdirect.com track the price of gold & silver 'to the second', so they claim.

morbius

Wow, Thanks for all the great advice. That's given me plenty to look into.

Cheers

meester

gekktel wrote: »

And coininvestdirect.com track the price of gold & silver 'to the second', so they claim.

All that means is you'll never get a bargain. They are charging on krugerrands it seems 3.7% above spot (cheaper than buying their bullion), PLUS €15 shipping.

Which is not bad, but certainly beatable