Lump sum to invest in gold

[benjhog]

I have a lump sum I plan to invest in gold as opposed to keeping it in cash and so far I have bought some bullion gold full sovereigns.

I have a few questions, any advice would be greatly appreciated.

For stacking gold as savings would bullion grade full sovereigns and Britannia’s be my best choice? And do these have the lowest premium between buying and selling?

should I dollar cost average buy gold weekly or lump sum?

(probably a stupid question) lastly should I wait until things calm down such as after Brexit and the us election? As looking at golds price decline after 2011 makes me wonder if history will repeat itself and I’d just be buying into a bubble.

[dicker]

Hi

I think all of your questions have been covered before - quite a few times.  

Have a look at the search function it is good for finding answers to your questions.  
 

Best

Dicker

[Abyss]

Before buying physical Gold look at various dealers websites and compare buy back price of sovereign and Britannia coins and then investigate the selling price these dealers have. What you will find spread about 4% between buy back price and the sell price. Willing to buy in bulk full tube Britannia can be purchased 3% above spot. Buy premium membership sell on the forum for 1 to 2% above spot bullion 1 oz Gold Britannia therefore reduce the spread dealers have between buy and sell price.

As when you should buy Gold is anyone’s guess nobody can predict the short term swings in the Gold price. Looking to profit from short term swings in the Gold price then physical Gold with it spread not wisest option better facilitated with ETFs or CFDs.

Stacking it as long term savings want to hold for decades to come should not worry about the short term price moves and you have the funds buy a full tube Britannia every month until depleted savings (but always have six months cash savings in case any emergency).