Lg1 Posted December 8, 2013 Report Share Posted December 8, 2013 Has anyone any knolage about buying a gold bar? Not a brick! Just a 1oz bar lol... Is there any does or donts to look out for ? Any good recommendations to buy from? Thanks Quote Link to comment Share on other sites More sharing options...
Mungler Posted December 8, 2013 Report Share Posted December 8, 2013 (edited) Buy a krugerrand. It's 1 oz and about £800 Edited December 8, 2013 by Mungler Quote Link to comment Share on other sites More sharing options...
Lg1 Posted December 8, 2013 Author Report Share Posted December 8, 2013 Do you have to pay any commistion etc on top of the £800 or do you just pay for the golds face value ? Cheers Quote Link to comment Share on other sites More sharing options...
aris Posted December 8, 2013 Report Share Posted December 8, 2013 Krugerrands cost a bit more than the cost of the gold it contains - but a safe way to buy gold. You basically pay what the seller is asking like anything else. There are places in London that sell gold bullion. Quote Link to comment Share on other sites More sharing options...
Lg1 Posted December 8, 2013 Author Report Share Posted December 8, 2013 Is there any real difference in buying bullion to krugerands ?? Thanks Quote Link to comment Share on other sites More sharing options...
DSPUK Posted December 8, 2013 Report Share Posted December 8, 2013 Buy low and sell high - trouble is what is low now can become the high. http://www.bullionbypost.co.uk/?gclid=CJ-nrLmCobkCFTPItAod434A3Q up to date prices. Also try "Chard 1964" I think. Dave Quote Link to comment Share on other sites More sharing options...
Lg1 Posted December 8, 2013 Author Report Share Posted December 8, 2013 Am I correct in saying you don't pay capital gain on krugerrands but do on bullion ? Maybe buying gold is a little more tricky than I first thought Quote Link to comment Share on other sites More sharing options...
des Posted December 8, 2013 Report Share Posted December 8, 2013 check the price of gold over the last year its dropped a lot be careful the site is gold bullion Quote Link to comment Share on other sites More sharing options...
Mungler Posted December 8, 2013 Report Share Posted December 8, 2013 (edited) Gold has probably topped out for now as the world has become more stable (economically and politically) in the last year. It's a dead investment - you don't get an income, you don't get a dividend etc. all there is is the chance of the value of gold going up. Property is in another boom and yes, there will be another crash it's inevitable. But, you can get an income off it (rent) and there's the chance of capital appreciation (if property values continue yo increase). 1 million Romanians just round the corner..... Edited December 8, 2013 by Mungler Quote Link to comment Share on other sites More sharing options...
HDAV Posted December 8, 2013 Report Share Posted December 8, 2013 There is a vending machine in Las Vegas (GOlden nugget?) and one in Dubai that sells gold bars the price changes with the world market One in london now http://www.bbc.co.uk/news/business-13998238 Quote Link to comment Share on other sites More sharing options...
Fisherman Mike Posted December 8, 2013 Report Share Posted December 8, 2013 (edited) Gold has probably topped out for now as the world has become more stable (economically and politically) in the last year. It's a dead investment - you don't get an income, you don't get a dividend etc. all there is is the chance of the value of gold going up. Property is in another boom and yes, there will be another crash it's inevitable. But, you can get an income off it (rent) and there's the chance of capital appreciation (if property values continue yo increase). 1 million Romanians just round the corner..... Yes this is true..I had an endowment policy mature in 2006 from my first marriage It was about £7500 and I had agreed that my ex was to receive 33&1/3% of this..I didn't want to by an isa with my 5k so my Father in Law suggested I buy some Krugerands and I subsequently bought 16 1oz krugerands at 325 each and sold them at the start of 2012 at just over £670. Perhaps I should have hung on to them a little longer but it did pay for my daughters degree. I never got to see them they were just virtual money as far as I am aware and I paid a monthly storage fee which was about £8.00 a month. plus commission to the agent. I think they have topped out at about 790 now and the F i L, who is expert in these matters, doesn't see any reasonable return on them in the next 3 or 4 years Edited December 8, 2013 by Fisherman Mike Quote Link to comment Share on other sites More sharing options...
Lg1 Posted December 8, 2013 Author Report Share Posted December 8, 2013 There is a vending machine in Las Vegas (GOlden nugget?) and one in Dubai that sells gold bars the price changes with the world market One in london now http://www.bbc.co.uk/news/business-13998238 If there was one of them were I live I'd give it 24 hours before a size 8 shoes goes throught it lol Quote Link to comment Share on other sites More sharing options...
Lg1 Posted December 8, 2013 Author Report Share Posted December 8, 2013 Yes this is true..I had an endowment policy mature in 2006 from my first marriage It was about £7500 and I had agreed that my ex was to receive 33&1/3% of this..I didn't want to by an isa with my 5k so my Father in Law suggested I buy some Krugerands and I subsequently bought 16 1oz krugerands at 325 each and sold them at the start of 2012 at just over £670. Perhaps I should have hung on to them a little longer but it did pay for my daughters degree. I never got to see them they were just virtual money as far as I am aware and I paid a monthly storage fee which was about £8.00 a month. plus commission to the agent. I think they have topped out at about 790 now and the F i L, who is expert in these matters, doesn't see any reasonable return on them in the next 3 or 4 years Good info, I think like most things that gold is a long term investment and not a quick flip.. Quote Link to comment Share on other sites More sharing options...
Harnser Posted December 8, 2013 Report Share Posted December 8, 2013 Am I correct in saying you don't pay capital gain on krugerrands but do on bullion ? Maybe buying gold is a little more tricky than I first thought You wont pay VAT on coins but you will on bullion . Harnser. Quote Link to comment Share on other sites More sharing options...
shootgun Posted December 8, 2013 Report Share Posted December 8, 2013 1 million Romanians just round the corner..... You forgot to mention the Bulgarians.... but you're chatting rubbish anyway.... Quote Link to comment Share on other sites More sharing options...
grimey121uk Posted December 8, 2013 Report Share Posted December 8, 2013 You wont pay VAT on coins but you will on bullion . Harnser. There's no VAT on gold at all unless it has been made into an item with a practical use eg jewellery. I have dabbled with gold and silver over the past few years, I have dealt with these guys a lot - https://www.goldline.co.uk Quote Link to comment Share on other sites More sharing options...
billytheghillie Posted December 8, 2013 Report Share Posted December 8, 2013 invest in copper pipe! heard the world is running out of it. Quote Link to comment Share on other sites More sharing options...
HDAV Posted December 8, 2013 Report Share Posted December 8, 2013 invest in copper pipe! heard the world is running out of it. Plenty of alternatives that are cheaper..... Lead ingots might be a good shout Quote Link to comment Share on other sites More sharing options...
Mungler Posted December 8, 2013 Report Share Posted December 8, 2013 You forgot to mention the Bulgarians.... but you're chatting rubbish anyway.... How so oh wise one? Quote Link to comment Share on other sites More sharing options...
klatuveradanikto Posted December 8, 2013 Report Share Posted December 8, 2013 My department head retired used some of his golden handshake money on 16 bars don't know what size but he did admit he was about 6 grand out of pocket at the moment. Quote Link to comment Share on other sites More sharing options...
Mungler Posted December 8, 2013 Report Share Posted December 8, 2013 Gold has done well but it's topped out for now. Don't worry, come the next war or economic crisis and it'll go up..... Quote Link to comment Share on other sites More sharing options...
artschool Posted December 8, 2013 Report Share Posted December 8, 2013 33.93 2013 1oz Gold Krugerrand In Stock From £790 0.00% From £790.00 Buy 33.93 1oz Krugerrand Gold Coin In Stock From £790 0.00% From £790.00 Buy 33.93 2012 - 1oz Gold Krugerrand Awaiting Stock From £816 0.00% From £816.00 Buy 33.93 2011 1oz Gold Krugerrand Awaiting Stock From £846 0.00% From £846.00 Buy 33.93 1975 1oz Gold Proof Krugerrand Awaiting Stock From £1002 0.00% From £1002.00 why is the cost different? Quote Link to comment Share on other sites More sharing options...
castletyne Posted December 8, 2013 Report Share Posted December 8, 2013 (edited) Coins have collector value not just gold value plus condition like proof and uncirculated will affect price Edited December 8, 2013 by castletyne Quote Link to comment Share on other sites More sharing options...
Fisherman Mike Posted December 8, 2013 Report Share Posted December 8, 2013 Am I correct in saying you don't pay capital gain on krugerrands but do on bullion ? Maybe buying gold is a little more tricky than I first thought Seem to recall that capital gains tax on investment returns of gold is only payable if the annual profit exceeds a certain threshold value...in my case I think it was about 10k...so unless you have a lot invested in gold a 10k annual return is unlikely. Quote Link to comment Share on other sites More sharing options...
overandunder2012 Posted December 9, 2013 Report Share Posted December 9, 2013 If there was one of them were I live I'd give it 24 hours before a size 8 shoes goes throught it lol as long as that Quote Link to comment Share on other sites More sharing options...
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