Royal Mint Digigold

[Lucylucy]

Hello

Any comments on this scheme as a gold investment would be appreciated.

Thank you

Lucylucy

[James32]

I believe @DrDave has recently been involved and may be able to shed some light.

[DrDave]

Yes, i have some investment with Digigold. Like all PM, you need to consider the costs of buying, storing and selling, but its all very straightforward. But you literally pay your money, and then try to forget all about it (while it grows in value!). And its easy to liquidate any amount, and its generally available within a day.

So if you're after a no-brainer investment with a well know brand, then it makes sense. But..............

Its not much fun! I've taken an amount out so that i can 'play' with. So i've been able to buy and sell bullion coins and proof coins and have a bit of interest along the way. And even if you just want to stack, then its fun to collect sovereigns for instance and, as long as you buy sensibly, your investment should be safe and will appreciate over time.

So for me, I have my eggs in several baskets. A safe and boring basket (Digigold), my sensible basket (sovereign) and my fun basket (bullion and proofs to flip). 

Hope that helps?

 

 

[Uksilverstackers]

Also remember, if you also use the Digi  Silver and Platinum options, you have to pay VAT, which you dont have to do with Bullionvault.

[AurumArgenti]

I'm assuming that this could create reportable tax events if profitable. Not CGT or income tax free.

Edited September 25, 2022 by AurumArgenti

[Lucylucy]

Thanks for your advice

[oddball]

if you use bullion vault with silver. remember its $8 minimum storage fee per month. unless you are storing larger amounts over 5k. or short term trading. that $8 min makes it rip off. and you cant realistically withdraw. i use indigo precious metals singapore. there bullion gram savings are 0.2% per annum no min fee. and   times cheaper than bv. spreads are wider though.  but you can turn up at the shop and withdraw.