£1000-1200 to spend

[KevjustKev]

As above.

I normally go for bullion sov's yet with this amount worth going for some different? 1/2 and 1/4 Brit, a double sov? Want to keep it bullion and British. 

However if I hang on for a little while, a few week, go for a full oz?

Over to you lot🙂  

[Airhead]

One of the new 1 oz Britannias might be nice, a lot to liquidate in one go, although as has been said on the forum before with the margin/spread on fractional coins it might be best to stay with Sovereigns. 

[GBStacking]

Lots of nice options out there if you can hang fire for just a little bit longer and go for the 1 oz. As has been mentioned, it's a fair chunk to liquidate in one go, but they are easy to sell to bullion dealers or on here if you want to price it somewhere round spot (unless it's got significant collectability). I picked up a 2020 kangaroo just before xmas and it's a lovely thing. If you want to stay British, then the 2021 QB Greyhound of Richmond is still pretty good value, or how about the older style Britannia's (1987 - 2012? 

[Roy]

Do you think gold will drop to £1200/oz?

[GBStacking]

Cant see it dropping that low in the next few weeks, was more thinking of the OP being able to save a little more money and thus make the jump to 1 oz. Would help dodge some of the premium on the smaller fractional gold too. But I'm talking purely from the perspective of a bullion kind of guy.

[Pete]

36 minutes ago, Roy said:

Do you think gold will drop to £1200/oz?

I very much hope so and fall even further as I am missing some QB 1 oz for my collection but not so eager to pay current prices.

[Goldmiester]

Could someone please explain the appeal of Sov's? As far as I can see the fineness is not as pure as a Brit so what would be the advatnge of a Sov over a Brit? I realise a Brit is dearer but there are always half / quater Brit options also.

[dicker]

I would go for Sovs.  Highly liquid, can cash one or two in easily.  Low margin

Best

Dicker

[KevjustKev]

52 minutes ago, Goldmiester said:

Could someone please explain the appeal of Sov's? As far as I can see the fineness is not as pure as a Brit so what would be the advatnge of a Sov over a Brit? I realise a Brit is dearer but there are always half / quater Brit options also.

Because they are easy to buy, easy to sell and 'cheap'

[dicker]

1 minute ago, tallthinkev said:

Because they are easy to buy, easy to sell and 'cheap'

Spot on. 

[Isitreal]

As you know I'm new to buying gold and here's my dilemma, I'm buying gold sovereigns like a kid buying  smarties. I've spent £5k up to now and will probably spend another £3k by the end of this month, total £8k. If the gold price stays as it is around £1366/£1400oz and I sell them to the shop I bought them from at the end of Jan 2021 I will probably make a loss of approx. £500 due to below spot value to him. So where does the word investment come into the equation, I would have been better to leave the £8k in the bank surely? or is it a longer term investment say 5/10years and hope gold is £2k/oz or more. These questions probably sound stupid but I need to know before I plough all my money in to gold rather than leaving it in the bank.

[5huggy]

5 minutes ago, Isitreal said:

As you know I'm new to buying gold and here's my dilemma, I'm buying gold sovereigns like a kid buying  smarties. I've spent £5k up to now and will probably spend another £3k by the end of this month, total £8k. If the gold price stays as it is around £1366/£1400oz and I sell them to the shop I bought them from at the end of Jan 2021 I will probably make a loss of approx. £500 due to below spot value to him. So where does the word investment come into the equation, I would have been better to leave the £8k in the bank surely? or is it a longer term investment say 5/10years and hope gold is £2k/oz or more. These questions probably sound stupid but I need to know before I plough all my money in to gold rather than leaving it in the bank.

GOOD MAN! - 👍

IMHO don't "focus on price" - focus on value - and a "Store of value there of!"

AU//AG are (IMHO) "NEVER" going back to $700/$12  not NO WAY !!

Bert wert duz aye NO!??

As an example - My (deceased ) Farther bought 8 sovereigns (bullion ) from NatWest in the early 70's for approx. £100 each - I am happy with my inheritance! 😉👍 (STORE of value against inflation)

[KevjustKev]

47 minutes ago, Isitreal said:

As you know I'm new to buying gold and here's my dilemma, I'm buying gold sovereigns like a kid buying  smarties. I've spent £5k up to now and will probably spend another £3k by the end of this month, total £8k. If the gold price stays as it is around £1366/£1400oz and I sell them to the shop I bought them from at the end of Jan 2021 I will probably make a loss of approx. £500 due to below spot value to him. So where does the word investment come into the equation, I would have been better to leave the £8k in the bank surely? or is it a longer term investment say 5/10years and hope gold is £2k/oz or more. These questions probably sound stupid but I need to know before I plough all my money in to gold rather than leaving it in the bank.

Don't sell them back to the shop unless you will make money. Sell them on here, you'll get a fair price for one.

[Goldmiester]

1 hour ago, tallthinkev said:

Because they are easy to buy, easy to sell and 'cheap'

I get that they are cheap, but a quater Brit is also as cheap but with a better fineness. As an example a Sov has 7.322g of pure gold content at a cost of £345. A quater Brit has 7.775g of pure gold content at a cost of £391.
Are they not the same value for the Gold you are getting?

[richatthecroft]

17 minutes ago, Goldmiester said:

I get that they are cheap, but a quater Brit is also as cheap but with a better fineness. As an example a Sov has 7.322g of pure gold content at a cost of £345. A quater Brit has 7.775g of pure gold content at a cost of £391.
Are they not the same value for the Gold you are getting?

At current Gold Spot price- and the prices per coin you quote the 1/4oz Britannia works out at +14.56% above spot. 

The Sovereign is about half the Britannia premium at +7.3% above spot. 

@Goldmiester- Why not mix it up a bit- I have a lovely 22kt 2005 Proof Half Ounce Britannia you are welcome to at +14.56% or £782 😊 and I’ll pay the SD postage 😃 

 

 

[Shep]

@GoldmiesterSimply and as others have said, sovereigns are the most readily available, most liquid, fractional gold bullion coin priced with the lowest premium over their intrinsic gold value. Meaning for adding to a stack they more often than not offer the best value for money. 

“Better” fineness means nothing in this case. For example, a 1ozt 22ct Krugerrand is usually the closest you can get to paying spot price for a coin. It still contains exactly the same amount of fine gold as a 24ct 1ozt Britannia, but you would be paying a fraction of the buyers premium in comparison.

However, I find buying what i actually like and want to own now often has a stronger pull than being put off by the premium I’m paying.

[Goldmiester]

2 minutes ago, Shep said:

@GoldmiesterSimply, sovereigns are the most easily available, most liquid, gold bullion coin priced with the lowest premium over their intrinsic gold value. Meaning for adding to a stack they more often than not offer the best value for money. 

“Better” fineness means nothing in this case. For example, a 1ozt Krugerrand is usually the closest you can get to paying spot price for a coin. It still contains exactly the same amount of fine gold as a .999 1ozt Britannia, but you would be paying a fraction of the buyers premium in comparison.

That makes sense, thank you for explaining as I was unsure why people recommended Sov's.

[Goldmiester]

6 minutes ago, richatthecroft said:

At current Gold Spot price- and the prices per coin you quote the 1/4oz Britannia works out at +14.56% above spot. 

The Sovereign is about half the Britannia premium at +7.3% above spot. 

@Goldmiester- Why not mix it up a bit- I have a lovely 22kt 2005 Proof Half Ounce Britannia you are welcome to at +14.56% or £782 😊 and I’ll pay the SD postage 😃 

 

 

Happy with my holding atm thank you

[KevjustKev]

55 minutes ago, richatthecroft said:

At current Gold Spot price- and the prices per coin you quote the 1/4oz Britannia works out at +14.56% above spot. 

The Sovereign is about half the Britannia premium at +7.3% above spot. 

@Goldmiester- Why not mix it up a bit- I have a lovely 22kt 2005 Proof Half Ounce Britannia you are welcome to at +14.56% or £782 😊 and I’ll pay the SD postage 😃 

 

 

How much pure gold is there, and pic?

[richatthecroft]

14 minutes ago, tallthinkev said:

How much pure gold is there, and pic?

Gold Fine Weight 1/2 oz or 15.5515g 

[HawkHybrid]

2 hours ago, Isitreal said:

As you know I'm new to buying gold and here's my dilemma, I'm buying gold sovereigns like a kid buying  smarties. I've spent £5k up to now and will probably spend another £3k by the end of this month, total £8k. If the gold price stays as it is around £1366/£1400oz and I sell them to the shop I bought them from at the end of Jan 2021 I will probably make a loss of approx. £500 due to below spot value to him. So where does the word investment come into the equation, I would have been better to leave the £8k in the bank surely? or is it a longer term investment say 5/10years and hope gold is £2k/oz or more. These questions probably sound stupid but I need to know before I plough all my money in to gold rather than leaving it in the bank.

 

it sounds like you need to make more progress with your strategy to invest.

investment strategies are usually about serving a purpose. not all of your investments will make

you money,and not all at the same time. eg. insurance can be an investment. insurance almost

always loses you money, but it helps to protect(smooth out) that which you are insuring.

for many people, gold is not a get rich quick scheme. think of what purpose you want your gold

to serve and then work out how much gold is required for that purpose.

'invest in gold up to as much as your understanding of gold allows you to.' belangp youtube

 

 

HH

[Wampum]

You could always get the Bullion Double Sovereign ,the Sovereign ,and the half Soverign for around your money, and look to buy a second hand  3 Coin wooden Royal mint Box,

from Ebay, to keep them in, that way you have a nice display for yourself, and the possibility of a more saleable item in the years to come.         

[Stuntman]

I like the bullion double sovereign and they are usually available to buy new from dealers at similar (ever so slightly more) premiums to the sovereign.  For my hypothetical £1000-£1200 I would buy a 2021 bullion sovereign and double sovereign at a cost of £1050-ish at current prices (£350 + £700 ish).

[KevjustKev]

1 hour ago, richatthecroft said:

Gold Fine Weight 1/2 oz or 15.5515g 

Very nice, yet not really for me

[modofantasma]

With that money I'd personally buy a few sovs and then save the rest for the next ones, I have picked up a bit of a variety just down to what has been available locally and at a good price, a coin dealer I spoke with loves sovs because they're 'cheap' ie low premium, easy to move and everyone knows what they are, also currently cgt and vat exempt in the UK, quite well divisible too, you can liquidate in small amounts if needed. The 22ct is my only gripe I just personally prefer the look of the yellowy 24ct quater oz coins (purely visual perspective I know you are still buying the fine gold weight)