Doc Holliday Posted March 6, 2021 Report Share Posted March 6, 2021 A brief education, if you will, into buying of precious metals. I'm exploring the idea of looking to buy physical silver and/or gold and would be most grateful if anyone could offer advice as to what I should be looking to buy and from where. I've thought maybe buying direct from the Mint (coins or bars) but I guess that will be at a premium so it would mean trying to find a reputable dealer or collector who may be wanting to sell. For coins I would imagine the 1oz Silver Brittania's or Gold Sovereign's possibly. Bars seem to present a resale issue, as in they don't seem to have the same integrity or versatility/fungibility as coins. Thanks in advance. Quote Link to comment Share on other sites More sharing options...
elgreco Posted March 6, 2021 Report Share Posted March 6, 2021 I’m no expert but have been told the best way to buy physical gold is buying coins like sovereigns and Britannia’s as you don’t pay Capital gains tax on profits that way. Bullion by post are a reputable source cheers Tom Quote Link to comment Share on other sites More sharing options...
toontastic Posted March 6, 2021 Report Share Posted March 6, 2021 (edited) Bullion gold coins are the way to go. They are CGT and VAT free. To give you an idea of price the current spot price of 1oz gold is £1230, Royal Mint is selling a 1oz Britannia at £1330, Bullion by Post at £1320 and Atkinson at £1309. So as you can see prices do vary. Buying single coins is the most expensive way to buy, dealers give discount for multi buy. Silver Brittania coins are CGT free but are not VAT free. Edited March 6, 2021 by toontastic Quote Link to comment Share on other sites More sharing options...
Stuarta Posted March 6, 2021 Report Share Posted March 6, 2021 I have been buying gold coins for many years, I buy from Atkinson the Jewellers, Birmingham. Paul the owner is very helpful. I don’t know of any dealer cheaper than Paul, the Royal Mint is the most expensive source. Most of my coins are sovereigns and Britannia’s with some Krugerrands. Quote Link to comment Share on other sites More sharing options...
toontastic Posted March 6, 2021 Report Share Posted March 6, 2021 1 minute ago, Stuarta said: I have been buying gold coins for many years, I buy from Atkinson the Jewellers, Birmingham. Paul the owner is very helpful. I don’t know of any dealer cheaper than Paul, the Royal Mint is the most expensive source. Most of my coins are sovereigns and Britannia’s with some Krugerrands. The people I know who buy gold all use Atkinson. Quote Link to comment Share on other sites More sharing options...
old'un Posted March 6, 2021 Report Share Posted March 6, 2021 The best way to buy and make the biggest profit is by buying scrap silver and gold, all you need is a testing kit and pocket scales. Quote Link to comment Share on other sites More sharing options...
The Heron Posted March 6, 2021 Report Share Posted March 6, 2021 One thing to remember is that the price of gold is set twice a day in London am/pm and the rest of the world follows this. Quote Link to comment Share on other sites More sharing options...
Rupert Posted March 6, 2021 Report Share Posted March 6, 2021 3 hours ago, toontastic said: Bullion gold coins are the way to go. They are CGT and VAT free. To give you an idea of price the current spot price of 1oz gold is £1230, Royal Mint is selling a 1oz Britannia at £1330, Bullion by Post at £1320 and Atkinson at £1309. So as you can see prices do vary. Buying single coins is the most expensive way to buy, dealers give discount for multi buy. Silver Brittania coins are CGT free but are not VAT free. Just to add, this applies to UK numismatics coins only, also some benefits for the reduction of inheritance tax. I have some in a bag i bought from Mel B Quote Link to comment Share on other sites More sharing options...
Old farrier Posted March 6, 2021 Report Share Posted March 6, 2021 You would do well to follow the price up and down for a while if you bought a year ago you would have lost money 3 years ago and you would have made a profit Quote Link to comment Share on other sites More sharing options...
Piebob Posted March 6, 2021 Report Share Posted March 6, 2021 Has anybody here invested in whisky? Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted March 6, 2021 Report Share Posted March 6, 2021 Shares are still a good bet, Quote Link to comment Share on other sites More sharing options...
mel b3 Posted March 6, 2021 Report Share Posted March 6, 2021 5 hours ago, Old farrier said: You would do well to follow the price up and down for a while if you bought a year ago you would have lost money 3 years ago and you would have made a profit I bought gold a year ago , with the full expectation of losing money . I bought it as the sky seemed to be falling in on the world , and the only things that would be worth anything, would be gold and toilets rolls . I'd intended to cash it in if I didn't have to use it , but I'll probably just sit on it forever now. Quote Link to comment Share on other sites More sharing options...
loriusgarrulus Posted March 7, 2021 Report Share Posted March 7, 2021 2 hours ago, mel b3 said: I bought gold a year ago , with the full expectation of losing money . I bought it as the sky seemed to be falling in on the world , and the only things that would be worth anything, would be gold and toilets rolls . I'd intended to cash it in if I didn't have to use it , but I'll probably just sit on it forever now. Gold toilet seat. 🤷♀️ Quote Link to comment Share on other sites More sharing options...
mel b3 Posted March 7, 2021 Report Share Posted March 7, 2021 4 hours ago, loriusgarrulus said: Gold toilet seat. 🤷♀️ I must confess to once owning a glittery gold toilet seat many years ago . I thought it was really cool. Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted March 7, 2021 Report Share Posted March 7, 2021 7 hours ago, loriusgarrulus said: Gold toilet seat. 🤷♀️ Hello, I think the Duke of Marlborough regrets getting one 🤔, ???? Quote Link to comment Share on other sites More sharing options...
loriusgarrulus Posted March 7, 2021 Report Share Posted March 7, 2021 3 hours ago, oldypigeonpopper said: Hello, I think the Duke of Marlborough regrets getting one 🤔, ???? Its due to owning one of those statley piles. Terribly taxing. Quote Link to comment Share on other sites More sharing options...
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