New guy with Questions

[snipersam]

Hello everyone. 

I tried this in the premium section but didn't get any replies. 

So is this the right section to be asking a few "stupid" question gold buying relates? 

I know for experienced buyers this will be like sleep time lol but everyone has to start somewhere right. 

[Ranks1970]

Hi mate yes your in the right place for your gold questions I may not be able to answer but I am sure someone will 👍🏿

[snipersam]

Thanks! 

I've made my first purchase yesterday and opted with Baird & Co (London). 

And its only x2 1gr bars. Basically just dipping my toe to see how the transaction went, should be delivered this morning according to the Royal Mail app. 

One question I have is are Baird and Co the best company to buy from? 

A colleague in work has been buying for a number of years but he always uses the Royal Mint, they do however command a premium. 1gr gold bar is roughly 20 quid more. 

I just find it all very confusing, obviously I want to make the most for my money. 

I also understand that now isn't the best time to be buying but I'm looking at this journey as more of a pension pot than making a quick pound. 

[Tn21]

There are various dealers you can buy from for eg bullion by post, Atkinson's, Chards, and many more Inc the 2 you have mentioned. 

Most of my purchases have been from this very forum. Good idea is to get your g bars from Baird and co and as you become more familiar with the metal and your strategy you can always keep a look out for the best prices. 

A fellow forum member has also kindly set up the price comparison site below.

http://goldprice.eu5.net/

 

Welcome to the forum 

[BackyardBullion]

This is the best site to have a look at all the different dealers and their prices, it was made by a forum member @Darr3nG

http://goldprice.eu5.net/

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Added 0 minutes later...

Just now, Tn21 said:

There are various dealers you can buy from for eg bullion by post, Atkinson's, Chards, and many more Inc the 2 you have mentioned. 

Most of my purchases have been from this very forum. Good idea is to get your g bars from Baird and co and as you become more familiar with the metal and your strategy you can always keep a look out for the best prices. 

A fellow forum member has also kindly set up the price comparison site below.

http://goldprice.eu5.net/

 

Welcome to the forum 

Great minds think alike!

[Ranks1970]

Have you had a look at the sells post there is always a good deal on there ?

 

 

[Nick1368]

5 minutes ago, snipersam said:

Thanks! 

I've made my first purchase yesterday and opted with Baird & Co (London). 

And its only x2 1gr bars. Basically just dipping my toe to see how the transaction went, should be delivered this morning according to the Royal Mail app. 

One question I have is are Baird and Co the best company to buy from? 

A colleague in work has been buying for a number of years but he always uses the Royal Mint, they do however command a premium. 1gr gold bar is roughly 20 quid more. 

I just find it all very confusing, obviously I want to make the most for my money. 

I also understand that now isn't the best time to be buying but I'm looking at this journey as more of a pension pot than making a quick pound. 

Baird are a good reliable company and their prices are really good too .

Remember smaller pieces of gold have higher premiums , so for example you would pay less premium for a 1oz gold coin than you would pay for a 1/10 or 1/4 oz coin .

in terms of timing of the market I would not worry about that too much , no one can predict future prices, so I would buy when I want to buy and sell when I feel like selling , that is only my opinion though .

[snipersam]

Guys thanks alot for the replies. It's much appreciated. 

I'm really excited about building a nice wee portfolio. I have a few quid sitting in a bank account and I'm really struggling not to buy more 😂.

I am right in saying prices are high right now? 

[snipersam]

1 minute ago, Ranks1970 said:

Have you had a look at the sells post there is always a good deal on there ?

 

 

I can't actually find it anywhere 🙈

[snipersam]

2 minutes ago, Nick1368 said:

Baird are a good reliable company and their prices are really good too .

Remember smaller pieces of gold have higher premiums , so for example you would pay less premium for a 1oz gold coin than you would pay for a 1/10 or 1/4 oz coin .

in terms of timing of the market I would not worry about that too much , no one can predict future prices, so I would buy when I want to buy and sell when I feel like selling , that is only my opinion though .

Good advice as far as I'm concerned 👍🏻

Yeah I aslo noticed that when comparing prices on Bairds site. If I bought a 5gr it was like getting 1gr for free as it was roughly the price of x4 1 gr bars. 

[Agpanda]

Hi and welcome from Sweden

[snipersam]

And there we have it. My 2 gr of Gold 😂

The journey has started. 

[Kussilver]

43 minutes ago, snipersam said:

I can't actually find it anywhere 🙈

Top of the page under buy & sell and then under U.K. / Europe. Good luck.

[Kussilver]

We all have to start somewhere it’s never to late if you are in it for the long term stacking. I purchased my first sovereign 2 years ago and never looked back. I always used to struggle saving money month to month, not anymore. I have managed to build a nice little stack purchasing a little each month. You always find some good deals on here. 

[snipersam]

1 minute ago, Kussilver said:

We all have to start somewhere it’s never to late if you are in it for the long term stacking. I purchased my first sovereign 2 years ago and never looked back. I always used to struggle saving money month to month, not anymore. I have managed to build a nice little stack purchasing a little each month. You always find some good deals on here. 

Thanks for that and thanks for pointing in the sales direction too. 

We never know what's around the corner but my plan is definitely long term. 

[snipersam]

9 minutes ago, Kussilver said:

Top of the page under buy & sell and then under U.K. / Europe. Good luck.

Actually still can't see it 🙈🙈🙈🙈 is it maybe like other forums were you need to have a certain amount of posts before you can see the sales section? 

[Airhead]

6 minutes ago, snipersam said:

Actually still can't see it 🙈🙈🙈🙈 is it maybe like other forums were you need to have a certain amount of posts before you can see the sales section? 

This link link will take you to the latest listings https://www.thesilverforum.com/latest-listings/

This one is for the root https://www.thesilverforum.com/forum/115-uk-europe/ as you are UK

[snipersam]

1 hour ago, Airhead said:

This link link will take you to the latest listings https://www.thesilverforum.com/latest-listings/

This one is for the root https://www.thesilverforum.com/forum/115-uk-europe/ as you are UK

Thanks for that mate. That seems to work. 

[KRO]

if you are looking to spend a small sum at a low premium,
keep an eye on Hatton Garden Metals latest stock
They often have Austrian 1 Ducat coins at 3% over spot, (when they have stock)

So as each coin contains 3.44 gms of fine gold
you would be currently paying £50.27 per gram
as compared to £57.43 for a 1 gram bar from Bairds

https://www.hattongardenmetals.com/buy/austrian-gold-ducat-coin#pi1

[snipersam]

5 minutes ago, KRO said:

if you are looking to spend a small sum at a low premium,
keep an eye on Hatton Garden Metals latest stock
They often have Austrian 1 Ducat coins at 3% over spot, (when they have stock)

So as each coin contains 3.44 gms of fine gold
you would be currently paying £50.27 per gram
as compared to £57.43 for a 1 gram bar from Bairds

https://www.hattongardenmetals.com/buy/austrian-gold-ducat-coin#pi1

Thanks for that. Out of curiosity do people care if they are receiving a nice shiny coin or one that looks "aged"? 

[KRO]

1 minute ago, snipersam said:

Thanks for that. Out of curiosity do people care if they are receiving a nice shiny coin or one that looks "aged"? 

I'm a stacker, I don't, so long as the gold is there at a low premium.
 

[zaheem]

4 hours ago, KRO said:

I'm a stacker, I don't, so long as the gold is there at a low premium.
 

Did you order it online or purchased in store i use to buy in store from www.sharpspixley.com bullion in London but then they told me about Barid&Co & cheapest price i cloud find. i didn't purchase from them yet im new to gold bars stacker myself looking to buy 10 oz im saving up for it 

I can garantee that 24carat in next two years from will be $3000/oz

My advice is not to sell untill you can purchase double the amount you have in gold