Best way to buy Gold bars or coins?

ianmr65

cheerfulcat wrote: »

You can buy over the 'phone - two reputable dealers are Chard and Baird & Co. Baird used to be more expensive than Chard - I expect that's still the case.

Yeah def go for chard. They're in blackpool, and very reputable. also do mail order - They charge about 6 - 7% on top of todays gold price per ounce, for 1 oz krugerands, which are the most cost effective.

You get a coin thats about 96% pure gold that contains the weight of pure gold + an alloy. makes em last longer. The canadians do a pure pure gold coin.

So a 1 oz kruger is like 1.04 ounces, with 1 troy ounce pure gold.

you'll get about 4 coins for your £2k.

Bury them somewhre in the garden, and don't tell anyone you've got them and they'll be safe as houses!!

[Deleted User]

Some years ago when buying investment gold coins in the UK, VAT was applied if I remember right. Maybe the Government abolished the tax realising the stupidity?

merlinthehappypig

travellingbum wrote: »

Some years ago when buying investment gold coins in the UK, VAT was applied if I remember right. Maybe the Government abolished the tax realising the stupidity?

The UK and all other EU members abolished VAT on all investment gold as from midnight December 31st 1999.

This change includes gold bars and gold coins.

Most forms of gold normally traded as investments are included in the new scheme. This means most gold bars of at least 99.5% fineness, and gold coins of at least 90% fineness, such as gold sovereigns, Krugerrands, Britannias, maples, and eagles.

There is a definitive list somewhere on the HMRC website, but I can't find it with a quick look.

uk_steve

ianmr65 wrote: »

Bury them somewhre in the garden, and don't tell anyone you've got them and they'll be safe as houses!!

then you die:A

then a lucky person finds them in 1000s of years time and makes a fortune:T

bery_451

freddykrueger wrote: »

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.

is coininvestdirect.com a reputable and trusted company?

they are slightly cheaper than chard but is it worth the risk?

thanks,

jauntyangle

This site:

http://www.bullionvault.com/

allows you to buy gold and store it in one of three vaults - in London, New York or Zurich. According to them, you are buying actual physical gold not just paper.

bery_451

jauntyangle wrote: »

This site:

http://www.bullionvault.com/

allows you to buy gold and store it in one of three vaults - in London, New York or Zurich. According to them, you are buying actual physical gold not just paper.

where is the vault located in uk?
how much is it to to store gold in their vault?
can i go down in person to the vault and withdraw my gold?

randomnut

I'm looking at bullionvault.com myself. Purchase gold there and it's safely housed in vaults in London, Zurich etc. Purchasing something like Gold seems a worthwhile investment to me, the price seems to stay stable.

jauntyangle

bery_451 wrote: »

where is the vault located in uk?
how much is it to to store gold in their vault?
can i go down in person to the vault and withdraw my gold?

Info here:

http://www.bullionvault.com/help/index.do?content=FAQs/FAQs_vaulting.html

rl290

Personally, I buy physical gold through bullion vault. There are some advantages to using them over actually holding the gold themselves - as well as safety and security (they publish a daily independent audit showing that they really do have enough gold for everyone who has an account), gold held in vaults such as theirs can be traded at the market rates (whereas purchases of coins etc can vary from market rates). In addition, you can buy gold by the ounce.

Of course, some people prefer to hold the coins/bars themselves. As well as providing some "psychological" security to them, rare coins can attract premiums from collectors.

The choice is yours!