Buying gold Britannia coins
Discussion
LeadFarmer said:
I don't, thats why I'm asking.
Surely you are just buying an ounce of gold, it doesn't matter what form it is in when it comes to sell it is purely down to the weight.Personally, I am not sure how great of an investment Gold is, you will always be paying over the odds for it and you will only get spot price when you sell. It will probably have to go up 10% just to break even.
But, I do love to hold it in my hand every now and again which is why I love these
These look nice but are in plastic sealed cases so I find them a bit boring.
Gold is good if you want to hide wealth over time (maybe if you think you might be getting divorced) but if you had bought gold 5 years ago you would have actually lost money.
LeadFarmer said:
madbadger said:
Why do you think Britannias are a better thing to hold than Sovereigns?
I don't, thats why I'm asking.Not sure they will massively increase in value, but should pretty much hold value over time.
The Britannia coin idea came from having the ability to buy a coin with a certain date stamped on it. I was thinking of getting a 2006 coin for my 11yr old son as thats the year of his birth. Something to put away and forget about, maybe give it him when he's 21?
Ive been putting a little bit of money away for him each month since he was born, he's now got nearly £5k in his bank account that he doesn't know about. £1k of that is being used to start a pension off for him, and I'm looking to invest the rest elsewhere. A dated gold coin could be an investment, as well as being a novel item to present him with when he's older.
Ive been putting a little bit of money away for him each month since he was born, he's now got nearly £5k in his bank account that he doesn't know about. £1k of that is being used to start a pension off for him, and I'm looking to invest the rest elsewhere. A dated gold coin could be an investment, as well as being a novel item to present him with when he's older.
madbadger said:
Why do you think Britannias are a better thing to hold than Sovereigns?
Britannias are much cooler as they are much bigger IMHO and they tend to be a little cheaper gram per gram.
It’s my copping with Corbyn strategy, bought a few when I thought he might win the election and have been adding since then.
nikaiyo2 said:
madbadger said:
Why do you think Britannias are a better thing to hold than Sovereigns?
Britannias are much cooler as they are much bigger IMHO and they tend to be a little cheaper gram per gram.
Sov £246 for 7.3224g = £33.60/g
Brit £1012 for 31.103g = £32.54/g
As a comparison a 1oz Krugerrand is £1010 for 31.10348g =£32.47 so the cgt issue probably negates 7p benefit.
madbadger said:
nikaiyo2 said:
madbadger said:
Why do you think Britannias are a better thing to hold than Sovereigns?
Britannias are much cooler as they are much bigger IMHO and they tend to be a little cheaper gram per gram.
Sov £246 for 7.3224g = £33.60/g
Brit £1012 for 31.103g = £32.54/g
As a comparison a 1oz Krugerrand is £1010 for 31.10348g =£32.47 so the cgt issue probably negates 7p benefit.
On another note, people always focus on the purchase price of gold. It’s the sale price that’s relevant. You need to know how much you lose at the point of purchase. Plus, as many retail holders realised on Brexit it is more of an FX play than an inflationary hedge.
You do often find Brittania and Sovereign coins selling on eBay under spot price.
e.g. https://www.ebay.co.uk/itm/2017-Royal-Mint-gold-so...
Worth a look. You can very often pick up Proof quality ones for the price of bullion too.
e.g. https://www.ebay.co.uk/itm/2017-Royal-Mint-gold-so...
Worth a look. You can very often pick up Proof quality ones for the price of bullion too.
dimots said:
You do often find Brittania and Sovereign coins selling on eBay under spot price.
e.g. https://www.ebay.co.uk/itm/2017-Royal-Mint-gold-so...
Worth a look. You can very often pick up Proof quality ones for the price of bullion too.
There are a LOT of fake coins sold on eBay... Not sure I would take the risk.e.g. https://www.ebay.co.uk/itm/2017-Royal-Mint-gold-so...
Worth a look. You can very often pick up Proof quality ones for the price of bullion too.
Chards seem to be the best value for bullion coins at the moment.
Chards:
We pay up to: £938.00
We sell at: £991.35
Means you’re paying 5% minimum up front to expose £938 to the USD.
This is the problem with physical gold. It’s a rip off. Who on earth pays a 5% spread on a wholly liquid market? And why not buy USD anyway?
It’s all fine as an inconsequential element of your personal wealth or as a strategic play but in reality this is a market that really caters for doomsday grandpas and charges them a hefty fee for the privilege.
We pay up to: £938.00
We sell at: £991.35
Means you’re paying 5% minimum up front to expose £938 to the USD.
This is the problem with physical gold. It’s a rip off. Who on earth pays a 5% spread on a wholly liquid market? And why not buy USD anyway?
It’s all fine as an inconsequential element of your personal wealth or as a strategic play but in reality this is a market that really caters for doomsday grandpas and charges them a hefty fee for the privilege.
DonkeyApple said:
Chards:
We pay up to: £938.00
We sell at: £991.35
Means you’re paying 5% minimum up front to expose £938 to the USD.
This is the problem with physical gold. It’s a rip off. Who on earth pays a 5% spread on a wholly liquid market? And why not buy USD anyway?
It’s all fine as an inconsequential element of your personal wealth or as a strategic play but in reality this is a market that really caters for doomsday grandpas and charges them a hefty fee for the privilege.
To me its quite nice to have, I like it. I know it is not a hugely rational investment decision, I tend to buy Gold when i have money left in my current account at the end of the month, so after all "real" investments and liabilities have been settled. So good months I can get a Britannia not so good months I can get a Sov, and rubbish months a little bar. We pay up to: £938.00
We sell at: £991.35
Means you’re paying 5% minimum up front to expose £938 to the USD.
This is the problem with physical gold. It’s a rip off. Who on earth pays a 5% spread on a wholly liquid market? And why not buy USD anyway?
It’s all fine as an inconsequential element of your personal wealth or as a strategic play but in reality this is a market that really caters for doomsday grandpas and charges them a hefty fee for the privilege.
I like the relative lack of liquidity, its hard for me to use gold to buy stuff with! It sits in the safe and long term should keep pace with inflation if nothing else. They just sit there and every now and then I can get my gold out and count it, like a king in a fairy tale :P.
It is also mobile and anonymous, I recon I could bet 100-150 Britannias out the country if i had to.
nikaiyo2 said:
DonkeyApple said:
Chards:
We pay up to: £938.00
We sell at: £991.35
Means you’re paying 5% minimum up front to expose £938 to the USD.
This is the problem with physical gold. It’s a rip off. Who on earth pays a 5% spread on a wholly liquid market? And why not buy USD anyway?
It’s all fine as an inconsequential element of your personal wealth or as a strategic play but in reality this is a market that really caters for doomsday grandpas and charges them a hefty fee for the privilege.
To me its quite nice to have, I like it. I know it is not a hugely rational investment decision, I tend to buy Gold when i have money left in my current account at the end of the month, so after all "real" investments and liabilities have been settled. So good months I can get a Britannia not so good months I can get a Sov, and rubbish months a little bar. We pay up to: £938.00
We sell at: £991.35
Means you’re paying 5% minimum up front to expose £938 to the USD.
This is the problem with physical gold. It’s a rip off. Who on earth pays a 5% spread on a wholly liquid market? And why not buy USD anyway?
It’s all fine as an inconsequential element of your personal wealth or as a strategic play but in reality this is a market that really caters for doomsday grandpas and charges them a hefty fee for the privilege.
I like the relative lack of liquidity, its hard for me to use gold to buy stuff with! It sits in the safe and long term should keep pace with inflation if nothing else. They just sit there and every now and then I can get my gold out and count it, like a king in a fairy tale :P.
It is also mobile and anonymous, I recon I could bet 100-150 Britannias out the country if i had to.
I also like that it isn’t easily means tested like other assets can be.
nikaiyo2 said:
To me its quite nice to have, I like it. I know it is not a hugely rational investment decision, I tend to buy Gold when i have money left in my current account at the end of the month, so after all "real" investments and liabilities have been settled. So good months I can get a Britannia not so good months I can get a Sov, and rubbish months a little bar.
I like the relative lack of liquidity, its hard for me to use gold to buy stuff with! It sits in the safe and long term should keep pace with inflation if nothing else. They just sit there and every now and then I can get my gold out and count it, like a king in a fairy tale :P.
It is also mobile and anonymous, I recon I could bet 100-150 Britannias out the country if i had to.
And there are the exact reasons to hold gold. It is unlikely to increase massively in value, but it is nice to hold in your hand and play with and is anonymous and easily transferable.I like the relative lack of liquidity, its hard for me to use gold to buy stuff with! It sits in the safe and long term should keep pace with inflation if nothing else. They just sit there and every now and then I can get my gold out and count it, like a king in a fairy tale :P.
It is also mobile and anonymous, I recon I could bet 100-150 Britannias out the country if i had to.
I would argue about the lack of liquidity, a dealer would be able to exchange your gold for spot price (in cash most likely) in a couple of minutes.
As I said earlier, great if you are planning on getting divorced!
DonkeyApple said:
Chards:
We pay up to: £938.00
We sell at: £991.35
Means you’re paying 5% minimum up front to expose £938 to the USD.
This is the problem with physical gold. It’s a rip off. Who on earth pays a 5% spread on a wholly liquid market? And why not buy USD anyway?
It’s all fine as an inconsequential element of your personal wealth or as a strategic play but in reality this is a market that really caters for doomsday grandpas and charges them a hefty fee for the privilege.
The physical gold market in the UK is pretty poor, much closer spreads to be had on the continent (although that does mean buying in euros)We pay up to: £938.00
We sell at: £991.35
Means you’re paying 5% minimum up front to expose £938 to the USD.
This is the problem with physical gold. It’s a rip off. Who on earth pays a 5% spread on a wholly liquid market? And why not buy USD anyway?
It’s all fine as an inconsequential element of your personal wealth or as a strategic play but in reality this is a market that really caters for doomsday grandpas and charges them a hefty fee for the privilege.
It is more of a safety thing than anything else, if you wanted to invest it should have been in the early Noughties.
If the arse drops out of the economy like some are predicting you'll be glad of it. I know some predictions sound a bit far-fetched (and always American for some reason), but if they come true your money in the bank will be lost if they go under, your house will be worth bugger all, but gold will still have a value.
The other thing I noticed is that the yearly low points are predictable, always in December, perhaps NY and then midsummer around July/August.
If the arse drops out of the economy like some are predicting you'll be glad of it. I know some predictions sound a bit far-fetched (and always American for some reason), but if they come true your money in the bank will be lost if they go under, your house will be worth bugger all, but gold will still have a value.
The other thing I noticed is that the yearly low points are predictable, always in December, perhaps NY and then midsummer around July/August.
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