Is ebay REALLY the place to sell gold "investment" bars?
Discussion
Evening all,
I'm giving some serious thought to investing a (relatively speaking) small-ish amount each month in gold.
Investment accounts are crap, pensions worthless, etc etc.
So it cant be any more of a risk than any other product out there!
Probably be 50% of my monthly "save", way less than 10% of my net-worth unless I keep it up for quite a few years.
Buying a small amount monthly seems to make sense to average out losses if it goes down, and I guess I'm trying to guard against any massive run of the printing presses in the next year or so!
Anyway, I'm torn between buying the stuff physically and keeping it in a safe, or using bullionvault.com
I've signed up on the website and deposited a small amount to simply have a "play", buying "investment" bars seems fairly easy, and I can sort secure storage quite easily too.
Problem is, I cant find a massive amount of info about selling the physical stuff when I decide I want rid of it!!!
Most forums and googling results have told me everyone sells on ebay, as it tends to sell for a little more than a dealer will give you, in fact more than a dealer will sell for, which is odd.
I'm at a loss as to why ANYONE would buy from ebay, cant guarantee the source, the product or that it will even bloody turn up!!
I was looking at buying from here
http://www.goldline.co.uk/investmentBarsPage.page (baird and co.)
or here
http://www.taxfreegold.co.uk/
Any insight into selling again (or to tell me I'm being a plum and should forget the whole thing!!)
Cheers
Dave
I'm giving some serious thought to investing a (relatively speaking) small-ish amount each month in gold.
Investment accounts are crap, pensions worthless, etc etc.
So it cant be any more of a risk than any other product out there!
Probably be 50% of my monthly "save", way less than 10% of my net-worth unless I keep it up for quite a few years.
Buying a small amount monthly seems to make sense to average out losses if it goes down, and I guess I'm trying to guard against any massive run of the printing presses in the next year or so!
Anyway, I'm torn between buying the stuff physically and keeping it in a safe, or using bullionvault.com
I've signed up on the website and deposited a small amount to simply have a "play", buying "investment" bars seems fairly easy, and I can sort secure storage quite easily too.
Problem is, I cant find a massive amount of info about selling the physical stuff when I decide I want rid of it!!!
Most forums and googling results have told me everyone sells on ebay, as it tends to sell for a little more than a dealer will give you, in fact more than a dealer will sell for, which is odd.
I'm at a loss as to why ANYONE would buy from ebay, cant guarantee the source, the product or that it will even bloody turn up!!
I was looking at buying from here
http://www.goldline.co.uk/investmentBarsPage.page (baird and co.)
or here
http://www.taxfreegold.co.uk/
Any insight into selling again (or to tell me I'm being a plum and should forget the whole thing!!)
Cheers
Dave
Funny, we had this conversation myself the other day with a friend, he is big on buying gold. The prices on ebay are more expensive than buying from a bullion seller. Seems like a great place to sell your gold, but I have no idea why you would buy from ebay? Perhaps because you can buy on credit?
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