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Buying gold bars


Lg1
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Whatever else you do in your gold trading don't take advice from Gordon the moron Brown!!!!

quite a few senior labour figures accrued some serious money around them in the years following that sale as the price rose, liar in chief and deputy ended up with lots more properties than thier salaries could ever have sustained, probably just a coincidence, socialists dont like personal wealth do they?

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I used to play with bullionvault.com You own virtual gold (silver, platinum etc.) which does exist and is stored in a vault in London, Switzerland, New York... Easy to buy and sell, and interesting to watch the price fluctuate, and see your buy and sell orders being fulfilled. But that might not be what you're after, if you just want some gold to stick under the bed!

 

I think you can buy it on eBay - small pieces certainly.

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I used to play with bullionvault.com You own virtual gold (silver, platinum etc.) which does exist and is stored in a vault in London, Switzerland, New York... Easy to buy and sell, and interesting to watch the price fluctuate, and see your buy and sell orders being fulfilled. But that might not be what you're after, if you just want some gold to stick under the bed!

 

I think you can buy it on eBay - small pieces certainly.

Is there a minimum investment to do it in bullionvault , had a look at the website but cant see it , realise there are admin/storage fees , is it aimed at the large investor or small amounts as well ?

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True, it's not the same as having physical gold in your presence. On the other hand, if "your" gold is in a vault in London, you're less likely to be relieved of it by a tea leaf than if it's under your bed! Polish chap my mate worked with had some gold formed into a brick and built into his house wall!

 

I don't know if BV have a minimum investment - I was given an ounce to play with, which I traded up to a reasonable sum, but they then took it away after a while as I hadn't given them any actual money... It wouldn't be worth it for a small investment as admin and storage fees would take too big a cut out of any profit...

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Buy a krugerrand. It's 1 oz and about £800

 

What he says - buy Krugerrands. Alternatively buy Sovereigns if you want smaller amounts. Best place to buy is probably Hattan Garden metals or Chard's in Blackpool. Most of the stuff at local pawn brokers is stupidly over priced.

 

J.

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

 

Only British gold coins are exempt from Capital Gains Tax.

 

J.

Edited by JonathanL
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What he says - buy Krugerrands. Alternatively buy Sovereigns if you want smaller amounts. Best place to buy is probably Hattan Garden metals or Chard's in Blackpool. Most of the stuff at local pawn brokers is stupidly over priced.

 

J.

 

Only British gold coins are exempt from Capital Gains Tax.

 

J.

+1 for chards

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