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Reputation Activity
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kurama reacted to Pete in Advice from the master yoda’s out there on first gold purchase
1. It's all about margin over spot i.e. what you pay for your coin(s).
The margin over spot is quite variable to check carefully before buying and remember that 22 ct gold is not the same as 24 ct in your spot calculations.
2. When selling you can expect a price from any main dealer at spot less a couple of percent according to gold content
This is irrespective of the coin - sovereign, Britannia, Krugerrand etc - it's pretty much all about the 999 gold.
3. The advantage of smaller value coins like sovereigns ( or even half sovereigns ) is you can always sell them privately if you need to raise some cash without unloading your full ounce coin.
4. There is something nice about a full ounce Britannia.
If your first experience of a gold coin is a sovereign or half sovereign you might be a little disappointed when seeing it's size.
You might even get the two confused and many people make the mistake when holding a full sovereign for the first time believing it to be a half sovereign so watch out.
5. If you have the option of buying a 24ct Britannia rather than the 22ct Britannia, choose the 24 ct as if selling back to a dealer, you will usually get a slightly higher price.
There is also the mental satisfaction in holding pure gold rather than 91.6% pure.
6. My first gold purchase was a 999.9% 50g bar which I was proud to show friends at the time.
7. Whether you choose sovereigns over 1 ounce gold coins the fluctuations in daily prices of gold will soon wash away any small differences in differential price so buy what you like and where you feel you are getting the best deal.
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kurama got a reaction from Swampy in Advice from the master yoda’s out there on first gold purchase
Haha very true, off to McDonald's drive through shortly to pick up some lunch for the kids - there's goodbye to that premium saving! 😆 Those Lunars look awesome. Ox should be out soon, if not already.
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kurama reacted to dicker in Advice from the master yoda’s out there on first gold purchase
Premium plays a part for me - I just prefer Sovereigns - but its very much 'horses for courses'!
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kurama got a reaction from dicker in Advice from the master yoda’s out there on first gold purchase
Thanks for the advice everyone, you can't beat being given advice form people who have researched the nooks and crannies over a long period of time.
I am involved to make a profit, but certainly not the only reason. The metal itself, from the sexyness of some of the coins to poured piece of art - its all just fun to be owning such pieces really.
I've never considered Sovs, and after reading @dicker comment - I realise there's some good history to be aware of.
Interesting no-one has mentioned 1/4oz gold coins - is this premium just too high on these? I've got so say the 'Gold Standard' and the 'Lunar Rat' look simply awesome!
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kurama reacted to GBStacking in Advice from the master yoda’s out there on first gold purchase
Don't tell me things like that! I've already spent my quota for the month! 😂
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kurama got a reaction from BackyardBullion in Silver Monitoring Thread £ (GBP) only.
Hahaha thanks for that, can you tell I’ve only been in the game 9 months 👍🏼😁
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kurama got a reaction from Mike1976 in Silver Monitoring Thread £ (GBP) only.
What are the chances of a 700% increase like GameStop? 😁😁😁
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kurama got a reaction from Drawga in Silver Monitoring Thread £ (GBP) only.
What are the chances of a 700% increase like GameStop? 😁😁😁