GoldDabbler

Thanks for taking the time to write this. I only buy bullion and wasn't too fussed about the condition when I started. That said, the bullion I've already bought, to my eyes at least, is pristine (2022 sovs) and I want to continue that trend. I might start a new pile of old sovs and put the knackers in there. Fair point. I'll take a punt on a sov and see what its like when it turns up.

I'm on their website now. Best prices I've seen in weeks. Have you any info on the condition of the sovereigns they send out?

Great prices. My current go to retailer is charging £380 quid a sov. They can sod off until they come down a bit.

That's the reason I've not got into proof coins and other collectables. I'm sure I can offload bullion as and when but waiting for and finding the right buyer to sell on a collectors piece seems like a gamble, esp if you want to liquidate fast.

I’m new to stacking myself but in answer to your question I’d say don’t go crazy. It’s all so easy to get wrapped up in growing your stack that other areas of your finances may suffer. Buy what you can comfortably afford without draining the bank balance or skimping elsewhere and over time your stack with grow easily. I think @Gordy has a great byline. Something like “It doesn’t matter how slow you go, as long as you don’t stop” Great advice, go slow, and don’t stop. I've just realised I haven't answered your question at all. I don't know Silver is big, bulky and heavy. How about getting into gold instead?

My all time second favourite coin! They look so desirable. No 1: Gold sovs, no 2: silver Brits. Love 'em.

Nice. When you get the rest of it you can build a golden gun.

Apparently you'll need to be an employee of banking, government, or the emergency services to get membership. That said, most of the people I see shopping in there look like they own takeaways, so I don't know how that works. Once you've got membership sorted Costco will state their current price on gold and you'll agree to go ahead with the purchase. It's customary at this point for whoever is serving you to yell full force into their walkie talkie that a customer "WANTS TO BUY A GOLD!" This will get a manager running towards you and every customer within earshot interested in your business and staring at you. Some may even come over and casually peer over your shoulder as you're filling in your name and address on the form they have you fill in. After a few visits you develop tactics like staring at people until they go away/ learning to write so small no bugger can read it/ doing a bit of creative writing on the spot that's unintelligible/ or telling the Mrs "I'm not quite over Covid and I'm about to have a coughing fit and * my pants" Anyhoo once the paperwork is done Costco take payment and get the manager gives you the gold. After you've paid and the gold is handed over that's it and it's up to you to get out of the store without getting mugged. I did 'insist' the first time I did a Costco gold transaction that it was done in private but the answer I got back was 'It's either done here (in public) or not at all' I suppose the Costco staff need to be mindful of their own security too. I'm used to buying gold in the Costco ruby scrum now although sometimes I feel it'd be easier getting gold from underneath the sleeping dragon Smaug. There's definitely a sense of achievement getting your gold out of there in one piece

I bet that hurt 😕 Not as though you can buff it out either and give it a bit of a wax. Hope it was bullion and not one of those proofs.

£100 - £200 quid a year for a smallish box depending on the pamper and plush surroundings level. The place I use has a policy of being a verified customer accessing a deposit box escorted by a guard and custodian. Good for scenarios where someone has frogmarched you into the deposit centre to rob your gold. Ample time to give a guard the nod and get the Sweeney down while your tea-leaf is waiting to fill his pockets in reception.

Thanks James, great tip. I've been careful but can imagine one slip and the coin's defaced. I know it shouldn't really matter with it being bullion but I like to keep my sovs as pristine as possible, esp' with it being the Jubilee year.

I'm dreading the day I sell a sovereign and someone bites it. I'm not sure I've got the emotional control to not automatically thump them haha

I picked up my monthly sovereign last weekend and gave it the usual size and weight checks. I don't expect any surprises from the retailer, I just like getting the toys out and having a play before it goes to the deposit centre.

I'm not sure. Costco have some funny rules. Like the 2% off gold getting nobbled. I'll ask next time I'm in. I want some of that

Haha! The Bairds make the rest of the pms look shabby by comparison. I took the Mrs to the display case the first time I bought a sov. It was the smallest pm I almost felt embarrassed buying it as I couldn't stretch to the Brit.

Sadly the 2% cash back doesn't apply to gold purchases. First thing checked on the first sovereign purchased. Agreed it's a shame Costco don't sell half sovs. I also wish they sold 1oz silver Britannias. They're not quite a one stop shop for pms atm.

I'm trying really hard *not* to see the beauty of these high value collectable coins. I never come out well when I let my heart rule my head. I settled on bullion sovereigns as they can be sold quickly and without much fuss. I can't see me going too far wrong there.

Gold's in a safe. Manager access only. Secure as a bank probably. I just don't want to pop in for my monthly sov and find it's has been turned over. I'd end up buying the canoe to console myself.

Well i got one of those things right. And she ain't rich

If I'd skipped a few relationships in my earlier years I'd be a lot better off now Every treacle I ever knew ended up costing me more money than I could afford. And when i got a better job to pay for that, the financial ceiling went up accordingly and I wasn't any better off. Including now lol.

I'll agree it's not the nicest place to shop. It's often packed with stressed out miserable people who look like they'ed be happy to murder you for accidentally leaving your trolley in an aisle they're trying to get though. Best to keep your head down, get your stuff and get out. But there's a prize to be had and I think it's worth the effort. If you can get out alive

I too think the Baird bars are attractively priced at Costco. I'm tempted to get a small one to add a bit of variety to my stack. Appealing. I've had gold fever for three months and all I can say is, I'm glad my fever hasn't broken

There's little difference in price from the sellers online and it doesn't seem worth the trouble of making multiple accounts with different businesses to save a quid here and there. Convenience is king

You are not wrong

The Growler Weekly. I grew up by the side of a railway embankment and the bushes were stuffed full of them.