gold coins or gold bars

[silverroller]

Hi guy's 

              I'm thinking of buying some 1 oz gold coins, Britannia's 2007/2008 and maybe 2013 as well.Plus a buffalo 2013 and lunar snake all will cost me  £3598. If i buy opm bars they will cost me £3456 a difference of £142,which will get me more gold for my money. Now do i jump in or should i wait and see if we get a price drop,in doing so i know i will probably lose the chance of getting the coins. I have been reading that there are a lot of shorts on gold from the big banks,which leads me to believe that it will drop down below £800. Now i am buying in the hope with you all that gold one day will pay off big time ,so no matter what i pay now, it will always be cheap to what gold price will be in the future.

 

So who would wait?

Who would buy now ?

Would you buy bars or coins?

 

cheers silverroller.

[BaldyBob]

When you sell, it will most likely will be at spot, so I reckon get the best price per oz (i.e bars)

 

If you get coins, you are relying on someone paying a premium above spot, which not all will do.

 

You could get 4 x 1 oz coins from HGM for about £3500 inc postage at the moment, which gives you a 3rd option of coins at only 3% above spot.

[mr-dead]

I love my 2 X 100g cast gold fondle bars lol

[Paul]

HGM also have x4 britannias currently which is what you're after originally - not sure on the years though

 

if you can get collectors coins at stackers prices it is WIN WIN !!

[Stu]

You could spilt your purchase as a hedge, 2 coins today, and 2 coins when the price gives up or down in a few weeks time.

Also if the price does go parabolic at some later, Britannia' and sovereigns are capital gains tax free currently. CGT starts around 11k I believe. Having said that will the government of the day bring in a new windfall tax on any gold sales under these circumstances.

[silverroller]

I love my 2 X 100g cast gold fondle bars lol

They do look nice ,but i worked out that it was cheaper two buy 3x 1oz bars and 1/4 oz coin, i have got coming from hgm 2x vicky shields @£226 2 x 2010 sealed sovereigns 1 x 2002 shield and 1 x 2012 sovereign all @ 206.56 each. Plus 2010 1oz gold panda ,5 x 2002 shields and 1/10 gold libertad to pickup from atkinson's

[Lindeman]

Silver roller - looks like you have gone a bit "collector" with your selection, but I admire your guts for buying in one day. I agree with Stu - I probably would have staggered the purchases, but hey - it's your £££!

I would have been a bit more boring and bought either maples or Krugs as a baseline...but Sovs never a bad idea!

Will you buy another few ounces in a month when the spot price drops below £820 again??

[silverroller]

Silver roller - looks like you have gone a bit "collector" with your selection, but I admire your guts for buying in one day. I agree with Stu - I probably would have staggered the purchases, but hey - it's your £££!

I would have been a bit more boring and bought either maples or Krugs as a baseline...but Sovs never a bad idea!

Will you buy another few ounces in a month when the spot price drops below 

Yes i will buy a lot more if it drops below £800,I missed out on a big buy at £720 late 2013 almost a year later it was back at that £720,so picked up two Somalian elephants 2014 and 2015 1 oz pamp bar 2 x omp bars 10 x 2014 sovereigns 2 x 2012 sovereigns 4 x 1/10 lunar goats 1 x 1/20 lunar goat,panda  1/10 panda ,horse.

[K_theepan]

Silverroller you should change your name to goldroller :-)

I prefer gold more than silver. What I always do I set my budget, let's say 4k than I will buy for 2k gold close to spot price anything. With the other 2k I buy what I like most time is some proof or shield etc.

I keep spot price gold in one container and in the other one my gold collection coins.

I love it to look at them it makes me somehow feel rich lol

[Lindeman]

Yes i will buy a lot more if it drops below £800,I missed out on a big buy at £720 late 2013 almost a year later it was back at that £720,so picked up two Somalian elephants 2014 and 2015 1 oz pamp bar 2 x omp bars 10 x 2014 sovereigns 2 x 2012 sovereigns 4 x 1/10 lunar goats 1 x 1/20 lunar goat,panda  1/10 panda ,horse.

Silver roller/gold roller - I see you take quite a spread of sizes ;from 1oz down to 1/20th. Any reason ? Deliberate choice or just what appealed? Quite a few of us adamant on minimal size .... Although I confess to having an Australian 1/25 oz coin myself!!! I always worry about smaller coin = higher premium.

[Lindeman]

Silverroller you should change your name to goldroller :-)

I prefer gold more than silver. What I always do I set my budget, let's say 4k than I will buy for 2k gold close to spot price anything. With the other 2k I buy what I like most time is some proof or shield etc.

I keep spot price gold in one container and in the other one my gold collection coins.

I love it to look at them it makes me somehow feel rich lol

You mean this type of container K-t?

[silverroller]

Silver roller/gold roller - I see you take quite a spread of sizes ;from 1oz down to 1/20th. Any reason ? Deliberate choice or just what appealed? Quite a few of us adamant on minimal size .... Although I confess to having an Australian 1/25 oz coin myself!!! I always worry about smaller coin = higher premium.

Hi Lindeman,

                     I buy 1/10 for the future so if the gold price goes through the roof to say to £2000-£3000,there wont be a lot of people wanting to spend £2000-£3000 for an oz of gold,or be able to afford that sort of money.Also if i set my son up in the bullion trade, he will have a stock of all sizes for his shop/web site. As long as i can sell for more than what i paid ,then I've made a profit.

[K_theepan]

@ lindeman would love to have that much gold that I need one those container. My container are little bit smaller like sweet box lol

[Lindeman]

Silver roller - I see you are planning long term!! I hadn't really thought about the small fractionals in that way - but I get your point.

K-t : yup, me too. I actually use a nice small tin that you get your inflight toiletries in on United or Swissair flights! Should be big enough to keep my gold; might invest in a bigger container when I buy a kilo gold coin (hah - dream on..)

[SilvergunSuperman]

Hi Lindeman,

                     I buy 1/10 for the future so if the gold price goes through the roof to say to £2000-£3000,there wont be a lot of people wanting to spend £2000-£3000 for an oz of gold,or be able to afford that sort of money.Also if i set my son up in the bullion trade, he will have a stock of all sizes for his shop/web site. As long as i can sell for more than what i paid ,then I've made a profit.

 

This is my thinking too. My largest gold coin so far is a 1/2oz and most of the rest are sovereign or 20 franc size. I may buy bigger later on but for now I enjoy the variety of a few smaller coins over one big purchase, and for the reasons you describe they may appeal to more people in future.

[Kman]

Coins all the way

 

Especially anything semi-numismatic you can get without too much of a premium 

 

I like the look of gold bars, especially poured ones, but they just don't make sense for me.