Buying gold coins without getting gouged?

[egbert]

Where should one go to buy gold coins without paying a ridiculous premium?

What coins should one buy?

[barney123]

Krugerrands.

Was offered 3 for £780 a few years back - passed it up - would have made a tidy profit considering 1 is now roughly that price !

[Horse_Apple]

This might be of interest: http://www.bullionsupermarket.com/

[Fittster]

Be carefull:

http://www.moneyweek.com/investments/precious-meta...

[L4MBOLUV3R]

i am very interested in it and watch the markets daily.

http://www.kitco.com/charts/livegoldnewyork.html

its sky rocketed atm so this wouldn't be the time to buy, but the the time to sell

[L4MBOLUV3R]

30 day gold chart

[[AJ]]

http://www.atsbullion.com/Krugerrand-One-Ounce-Gol...

Give ATS a call for spot price. They offer a pretty good service.

[GingerWizard]

Turkey.

[IanMorewood]

right time to sell at just under a $1000 an ounce, not the time to buy.

[ShadownINja]

Fittster said:

Be carefull:

http://www.moneyweek.com/investments/precious-meta...

"The mainstream is getting too excited about gold"

Too right, time to bail. Time and time again... houses, oil, gold... when Average Joe starts talking about it, the time has come to consider selling. Gold... it's as safe as houses.

[anonymous-user]

Say i had 56g of gold (2oz i think) physically own it!

Where would i sell it? surely people dont buy it on these websites and i just post it to them?

[Fittster]

However as everyone on this thread is say it's time to sell it could actually be time to buy.

[L4MBOLUV3R]

Fittster said:

However as everyone on this thread is say it's time to sell it could actually be time to buy.

the exchange rate is basically £1 : $1.2 so if you sell your going to get close to £1k but if you buy your going to pay almost £1k so if the exchange rate goes up you will loose money.

also the gold market has climbed dramatically over the past couple of days. but it did drop to $850 an OZ and went back up so if you can get it at the right time then...

Edited by L4MBOLUV3R on Wednesday 18th February 14:29

[jshell]

Cannot recommend these guys enough for buying and selling gold bars, investment bars or coins in all metals: http://www.goldline.co.uk/

Ebay good for buying and selling too, believe it or not - just check the number of 1,000+ +ve feedback'rs who trade in gold. I've bought and sold on ebay a number of times and never had a problem - even delivery from the US. Big number feedback counts for everything though!

[mechsympathy]

IanMorewood said:

right time to sell at just under a $1000 an ounce, not the time to buy.

Quick, someone tell Gord... Oh

[Ron Burgundy]

"Sir i am telling you for the finest gold it will only cost you £1million ugandan dollars sir"

[egbert]

Rather than a short term trade for an upward price move I'm looking as an inflation hedge. Once we have a similar inflation rate to Zimbabwe a little gold would go a long way. Seems like a reasonable hedge to me and better than cash under the floorboards.

[Cpn Jack Spanner]

Head to New Yealand and go pan for your own gold - cheaper that way!

[Fittster]

egbert said:

Rather than a short term trade for an upward price move I'm looking as an inflation hedge. Once we have a similar inflation rate to Zimbabwe a little gold would go a long way. Seems like a reasonable hedge to me and better than cash under the floorboards.

Why not inflation linked gilts then?

[AUDIHenry]

Gold will fall back down again, don't you worry. It's foolish to buy at the peak and I guarantee you will lose money, just as a whole bunch of people did a few months back when they bet that it would continue rising.

Yours truly swooped in when everyone else shuffled out. :-D