Best way to buy Gold bars or coins?

bery_451

so i have to pay vat on silver? i know gold has no vat but at £650 a coin i cant afford gold . If i only i bought the gold coins in november 2008 when they were £460 a coin. I was stupid not to.

Is there a chart for silver coins like the live chart on bullionvault for gold coins? i want to know if silver is going up or down?

kinglouise what do you mean in your post?

so coininvestdirect.com is the best site to buy silver coins?

thanks,

sabretoothtigger

That sounds like a krugerrand but a sovereign is lighter, less expensive and subject to no cgt

tradetime

Is there a chart for silver coins like the live chart on bullionvault for gold coins? i want to know if silver is going up or down?

Go to Yahoo finance and use the ticker SLV it's an ETF proxy for silver. Been on the rise since Nov last year.

bery_451

what is cgt? is it vat?

how do i do that on yahoo finance?

is there a chart for sovereign? have sovereign gone up or down?

shaun_from_Africa

CGT is "capital gains tax" and is basically the tax you are required to pay when you sell something of value and make a profit on the sale.
There is a limit below which you are not required to pay CGT, but I don't know much about UK tax, as I'm currently non resident and don't really keep up to date with the changes.

Certain things are exempt (house sales for example, but only when it is your primary residence you are selling).
As Sovereigns and Britannia coins are classed as legal UK currency, any gains made are exempt from CGT. The same is not true of Krugerrands and other foreign coins.

sabretoothtigger

http://www.hmrc.gov.uk/RATES/cgt.htm

jon3001

bery_451 wrote: »

is there a chart for sovereign? have sovereign gone up or down?

The price of sovereigns will basically just go or down with the price of gold. Expect to pay a premium over spot price for a bullion coin.

E.g. Gold is trading at £635/toz (troy ounce). A sovereign has has 0.235421 toz of gold, worth £149.49.

CoinInvestDirect are selling sovereigns from £163.92
http://www.coininvestdirect.com/main.php?a=10&id=1

That represents a 9.7% premium. Unfortunately for buyers the premium has gone up in recent times because of the current high demand for bullion creating shortages.

trenchwars

I find it very difficult to place a realistic value on gold, given that it has few uses other than jewellery or as a hedge against inflation. My only observation is that its price has risen very sharply in a relatively short time, and that suggests to me a bubble.

sabretoothtigger

Sovereigns along with other commodity prices are listed in the telegraph every day afaik

jon3001

trenchwars wrote: »

I find it very difficult to place a realistic value on gold, given that it has few uses other than jewellery or as a hedge against inflation. My only observation is that its price has risen very sharply in a relatively short time, and that suggests to me a bubble.

Price in which currency? It's about unchanged against the USD over 12 months. However it's a very different story in GPB which has collapsed against other major currencies.

http://www.iii.co.uk/investment/detail?type=chart&display=chart&code=cotn%3APHGP.L&it=le&timeframe=1y&index=&versus=phau&linetype=line&Go=Plot+&overlay=&overlay2=&overlay3=&overlay4=&indicator=&indicator2=&indicator3=&indicator4=&chartwidth=500