Buying and selling gold?

**expat** · 24 January 2009, 13:28

There are I'd say 3 levels of investing in gold, depending on what you want it to do:

1. buy shares in gold miners, or a gold fund. That gets you into gold but does not protect against e.g. the government, and it is an investment rather than physical gold, so the price will vary depending on investor demand rather than gold price directly.

2. buy physical gold but have someone like BullionVault hold it for you. This does give you real gold, but not in your own mitts. When the govt calls in gold, yours is gone.

3. buy physical gold and keep it yourself. E.g. sovereigns, easily exchangeable and not subject to VAT or CGT. When Gordon wants more gold, you never saw any. This also protects against real collapse of the economy. I note that holding a mere 1% of your wealth in gold protects you against 2 00s chopped off the currency, which has happened to several European countries in living memory.

**milanbenes** · 24 January 2009, 13:34

sovs no krugers yes

Milan.

**expat** · 24 January 2009, 14:12

Originally posted by milanbenes View Post

sovs no krugers yes

Milan.

Don't think so: Krugerrands attract CGT, Sovereigns don't.

Also, premiums can be higher (esp this year, arabs have bought all the rands), and disposal less flexible. Chard recommend against Krugerrands:

Lemmings - Don't Be One
We can supply better coins for less money.

**JamieMoles** · 24 January 2009, 17:08

For some reason I thought this was going to be a Warcraft thread....

**milanbenes** · 24 January 2009, 19:36

expat don't beleive everything they say

read more into the subject before making your conclusion

on the international scale, krugers are much easier to dispose of

Milan.

**BrilloPad** · 24 January 2009, 19:42

I believe gold in Sterling terms has not done so well recenty.

A friend of mine runs a website for a chain of jewellers : adding the capacity to buy physical gold online this year.

In the meantime, if anyone wants to buy physical gold then please PM me. My friend will do you a good deal.

BP

**milanbenes** · 25 January 2009, 11:14

Brillo,

'I believe gold in Sterling terms has not done so well recenty.'

at 650gbp an ounce on Friday I'd say it's doing very well indeed

Milan.

**JoJoGabor** · 25 January 2009, 19:38

Yeah Gold in terms of Sitrling has gone up about 40% in the last 12 months.

**bobhope** · 26 January 2009, 08:37

You forgot to add the 'golden' rule:

don't tell anyone (IRL) you bought it / hold it either.

Buying and selling gold?