Best way to buy Gold bars or coins?

DiggerUK

Yoshua,
If silver is your thing fine. I prefer gold.
As an aside 10K of gold is vat free and the size of a 4 finger Kit Kat.

If you go to Guernsey and get back without getting pulled over at customs, fine. If not ,pay the VAT.

I still can't get my head round why you want to get your hands on something that weighs 6 kilos more than a sack of potatoes.
But each to their own.

I refer to gold bugs as being 31 grammes short of an ounce, but for some strange reason I have come to like you.

Good luck at customs.

Yoshua

If the IMF do this big sell off of Gold and the price drops to about $700 or something then I would like to buy some more. But I think Silver is a far better bet if you can get round the VAT problem.

Robert Kyosaki of Rich Dad company said recently that physical silver was in his opinion the best investment at the moment.

sabretoothtigger

Silver is more of a commodity then a currency like gold is (supply/demand is more fluid) and in comparison its much more used in industry not jewelry or luxury goods so it seems a more involved recovery as well as inflation bet to me

I think its more complicated but a less over played market then gold is

http://en.wikipedia.org/wiki/Silver_as_an_investment

novazombie

Today Silver is at $15 oz but in a bull market (primary up trend), the most fundamental rule is to get long and stay long. The rising market will eventually cover up even your worst timing mistakes. So its still a good time to buy in.

Yes you can buy from Guernsey VAT free as apposed to all the other Mints in this country where they they have to put VAT on top. If you take your car over on the ferry it will cost you 300 quid the price of a 1 kg bar.

Im not sure if you would have to declare it coming through customs. Can someone answer this question, if 2 people went over to Guernsey and 1 bought new from the mint and then sold it 2nd hand to the other then the 2nd could bring it back into the UK VAT free?

tradetime

Yoshua wrote: »

OK not many.

Can anyone answer the question if you go over to Guernsey buy ferry and fill your car up with Silver, will you have to pay tax on it coming into the UK?

Its not like alcohol or fags, where you have to pay is it?

Dude, it seems pretty clear by now that no-one here is qualified to answer that question, so why don't you call HMRC and ask, get your info from the source. If I tell you you can bring it in without declaring it, and that is incorrect, and you are stopped it will at best be very inconvenient for you.

crazygaijin

Moneyweek seem to think this could be A big one but not the big one.

http://www.moneyweek.com/investments/precious-metals-and-gems/gold-is-this-the-big-one-14788.aspx

If we do get another dip I will be buying more, if we dont get another dip I will be happy with what I already hold. Even if this is the cheapest I may consider buying more anyway, thats how confident I am that we are in a rising market for P Metals.

sabretoothtigger

Im wondering if it applies to just gold & silver but also theres platinum, palladium & diamonds.
Diamonds is a luxury good but theres also industrial commoditys like copper, oil,etc. Surely they will all rise as a store of future worth.
Shell has in its reserves 100bn drums of oil :O I guess that has to be paid to extract but still, thats alot of money. I dont think gold will spike this year because there are alternatives to it but it might form a higher base above 1k.

Surely all commoditys rise by comparison if not as much, what ratios will these metals hold in pricing to each other because silver is still at a discount though its reduced some.

I thought a good play might be CEF which holds half gold and half silver

RDB

Good point Saber. So if Oil and these other things are a good alternative then maybe this last rise will not continue.

I want one more big dip then I will buy in more.

Everyone talks about how the $ is finished so the Yanks are are all buying Silver and Gold.
What about the once mighty Pound? It didnt really rise against the $ just that the green back is going down.

So before the Pound tanks it I want to buy physical silver in the next dip.

Its still 9GBP per oz if it goes back 7 I will buy as much as can get hold of, butits getting harder and harder to buy physical Silver at good prices compared to spot.

cloud_dog

sabretoothtigger wrote: »

I thought a good play might be CEF which holds half gold and half silver

Gets a big thumbs up from me (although be aware of the premium and use it to your advantage).

sabretoothtigger

If the prices were to spike and gold and silver converge then cef is good to perform but otherwise it has has a premium ?