Gold bars or gold coins

[BipolarStacker]

What’s everyone’s opinion 

 

gold bars or gold coins for stacking for long term wealth preservation ???

[ZRPMs]

CGT free gold coins all the way. 

[Petra]

Got to be coins, however, any cheap bars….

[James32]

10 minutes ago, BipolarStacker said:

What’s everyone’s opinion 

 

gold bars or gold coins for stacking for long term wealth preservation ???

Coins that are CGT free over bars. But if a bar is cheap, then the odd one won't hurt. Just know that there's a lot of fakes about.

[BipolarStacker]

1 minute ago, James32 said:

Coins that are CGT free over bars. But if a bar is cheap, then the odd one won't hurt. Just know that there's a lot of fakes about.

Someone told me other day not to buy fractional bars cuz they hard to sell after  

i buy a 1 gram bar every time I buy a 1/10 coin but think I’m gonna start stacking sovereigns from next week 

[9x883]

coins for dayz😍

[James32]

2 minutes ago, BipolarStacker said:

Someone told me other day not to buy fractional bars cuz they hard to sell after  

i buy a 1 gram bar every time I buy a 1/10 coin but think I’m gonna start stacking sovereigns from next week 

Fractional bars are not hard to sell. Price dependant of course, but one gram bars sell very well on here. There within everyone's budget.

[ZRPMs]

1 minute ago, BipolarStacker said:

i buy a 1 gram bar every time I buy a 1/10 coin but think I’m gonna start stacking sovereigns from next week 

Just watch the premium. They were one of the cheapest way's to buy gold coins but recently the premium has moved up a bit. I started my collection the same way most have with best buy sovereigns. Its a lucky dip on years but gold is gold.

[BipolarStacker]

5 minutes ago, ZRPMs said:

Just watch the premium. They were one of the cheapest way's to buy gold coins but recently the premium has moved up a bit. I started my collection the same way most have with best buy sovereigns. Its a lucky dip on years but gold is gold.

What is the best thing to buy weekly in your opinion to stack over time I can buy every Friday just want to know my best option 

[James32]

1 minute ago, BipolarStacker said:

What is the best thing to buy weekly in your opinion to stack over time I can buy every Friday just want to know my best option 

Budget?

[Stuntman]

Personally if my aim was stacking for value, I'd wait until I had enough money in the budget to buy a sovereign, and then buy them as and when I could afford.

[ZRPMs]

17 minutes ago, BipolarStacker said:

What is the best thing to buy weekly in your opinion to stack over time I can buy every Friday just want to know my best option 

As @James32 say's Depends upon budget. As well as your aims and reasons for buying. 

Myself, when I started i bought a few sovereigns when I had the spare cash, but always kept an eye on the spot price. For me I had other things on the go as well so if I felt that on average spot was a little high I would hold on for a little and try to buy in the price lull. I never really bought at the bottom of the dips but miss more of the peaks. It also helped negotiate a little for buying a quantity of them. As gold has increased in price my collection has moved on to include some of the more numismatic coins but what I've tried to do is keep my average cost per sovereign below the average cost of the current sovereign price. But also be aware of other coins or even bars. If you can get them for the right price with little premium it's got to be a win. Some of my best margin has come from Platinum. An uncle once told me that the time you make your profit is when you buy not necessarily when you sell. If you over pay your on the back foot before you start. 

[9x883]

All depends how long you wish to lock up the funds. If you want flexibility to liquidate, sovs and fractional coins bought at low premiums are probably best. Investment pieces would be some special edition brits or other limited edition coins to diversify your stack. All depends on the purpose really. 

 

[CANV]

would be sovs all day long but the premiums are still too high.  the last gold price spike above 1600 quid.  saw bullion sov premiums in percentage terms go higher not lower.  . well over 5 even 7 per cent. thats bonkers .. 

you can get krugs at spot on here now. brits at 2/3 per cent.     buy when the gold price is falling. 

[BipolarStacker]

30 minutes ago, James32 said:

Budget?

£250 a week without missus killing me can probs push abit more 

24 minutes ago, Stuntman said:

Personally if my aim was stacking for value, I'd wait until I had enough money in the budget to buy a sovereign, and then buy them as and when I could afford.

What’s best ones to buy 

[BipolarStacker]

15 minutes ago, ZRPMs said:

As @James32 say's Depends upon budget. As well as your aims and reasons for buying. 

Myself, when I started i bought a few sovereigns when I had the spare cash, but always kept an eye on the spot price. For me I had other things on the go as well so if I felt that on average spot was a little high I would hold on for a little and try to buy in the price lull. I never really bought at the bottom of the dips but miss more of the peaks. It also helped negotiate a little for buying a quantity of them. As gold has increased in price my collection has moved on to include some of the more numismatic coins but what I've tried to do is keep my average cost per sovereign below the average cost of the current sovereign price. But also be aware of other coins or even bars. If you can get them for the right price with little premium it's got to be a win. Some of my best margin has come from Platinum. An uncle once told me that the time you make your profit is when you buy not necessarily when you sell. If you over pay your on the back foot before you start. 

Honestly this has baffled me is spot the price of gold in the chart ? What is numismatic gold 

16 minutes ago, 9x883 said:

All depends how long you wish to lock up the funds. If you want flexibility to liquidate, sovs and fractional coins bought at low premiums are probably best. Investment pieces would be some special edition brits or other limited edition coins to diversify your stack. All depends on the purpose really. 

 

10 year plan 

[BipolarStacker]

8 minutes ago, CANV said:

would be sovs all day long but the premiums are still too high.  the last gold price spike above 1600 quid.  saw bullion sov premiums in percentage terms go higher not lower.  . well over 5 even 7 per cent. thats bonkers .. 

you can get krugs at spot on here now. brits at 2/3 per cent.     buy when the gold price is falling. 

Gold Krugs? 

[James32]

1 minute ago, BipolarStacker said:

£250 a week without missus killing me can probs push abit more 

Healthy budget but also an awkward one. £250 falls well above a 1/10th but well under a sovereign. 

A list of options would be..

1) buy fortnightly a sovereign ( downside is the wait as we all want it right now 🤣)

2) stick with the 1/10th weekly until you fill a tube and put rest of budget into a savings account titled PM budget. It will build up in no time and allow extra purchases every month or so.

3) up budget to £295-£300 and buy a 20 franc coin. Not CGT free but a decent size and low premium beauty.

4) buy monthly 2 sovereigns and a 1/10th, will be a tough wait in-between but a more exciting mail call.

 

[BipolarStacker]

4 minutes ago, James32 said:

Healthy budget but also an awkward one. £250 falls well above a 1/10th but well under a sovereign. 

A list of options would be..

1) buy fortnightly a sovereign ( downside is the wait as we all want it right now 🤣)

2) stick with the 1/10th weekly until you fill a tube and put rest of budget into a savings account titled PM budget. It will build up in no time and allow extra purchases every month or so.

3) up budget to £295-£300 and buy a 20 franc coin. Not CGT free but a decent size and low premium beauty.

4) buy monthly 2 sovereigns and a 1/10th, will be a tough wait in-between but a more exciting mail call.

 

1) and 4) is a deffo hellllll no 😂

2) sounds very sensible and tempting 

3) is also a good idea I’m gonna look at a 20 francs now 

[ZRPMs]

13 minutes ago, BipolarStacker said:

Honestly this has baffled me is spot the price of gold in the chart ? What is numismatic gold 

Spot price is just the price that changes buy the minuet. However it is fixed twice a day from the spot price. These fixes are what are normally used by jewellers, coin shops etc. Numismatic gold coins are coins that have a much higher premium for its scarcity or its condition. A 1937 George VI sovereign will set you back about 10 times the price of a standard bullion sovereign.   

[ZRPMs]

4 minutes ago, BipolarStacker said:

9 minutes ago, James32 said:

Healthy budget but also an awkward one. £250 falls well above a 1/10th but well under a sovereign. 

A list of options would be..

1) buy fortnightly a sovereign ( downside is the wait as we all want it right now 🤣)

2) stick with the 1/10th weekly until you fill a tube and put rest of budget into a savings account titled PM budget. It will build up in no time and allow extra purchases every month or so.

3) up budget to £295-£300 and buy a 20 franc coin. Not CGT free but a decent size and low premium beauty.

4) buy monthly 2 sovereigns and a 1/10th, will be a tough wait in-between but a more exciting mail call.

 

1) and 4) is a deffo hellllll no 😂

Just be careful your not buying too hastily.

Two sayings stick in my head from my youth. My uncle used to tell me about the old bull and the young bull on the hill looking down on a field of dairy cows. Young bull " Lets run down there and have our way with some of them lovelies." Old bull says "Nah son, Lets walk down and have them all." Th other came from a good friend and bit of a mentor, he always used to say "Calm down lad, Only thing made in hast is unwanted babies. And my house is full of them." In other words it's not a sprint but more of a marathon. Keeping some of your budget may mean that you happen upon something really nice for little money.

[dicker]

1 hour ago, BipolarStacker said:

What’s everyone’s opinion 

 

gold bars or gold coins for stacking for long term wealth preservation ???

Happy to answer but have you used the search function?  You will find a great deal of discussion on this in previous threads.   

[BipolarStacker]

11 minutes ago, ZRPMs said:

Just be careful your not buying too hastily.

Two sayings stick in my head from my youth. My uncle used to tell me about the old bull and the young bull on the hill looking down on a field of dairy cows. Young bull " Lets run down there and have our way with some of them lovelies." Old bull says "Nah son, Lets walk down and have them all." Th other came from a good friend and bit of a mentor, he always used to say "Calm down lad, Only thing made in hast is unwanted babies. And my house is full of them." In other words it's not a sprint but more of a marathon. Keeping some of your budget may mean that you happen upon something really nice for little money.

I agree also mate just because I’m new to this and I’m enjoying the post office pick ups but ye I love the 1/10th Britannias but they are so so small and I don’t get a good feeling when it comes 🥸

[BipolarStacker]

1 minute ago, dicker said:

Happy to answer but have you used the search function?  You will find a great deal of discussion on this in previous threads.   

Still learning how to use this site really wish it was a app

[Ignorant]

Things to keep in mind when buying bars:

- They are easier to counterfeit than coins. No dealer will buy your bars unless they can verify their authenticity. That means dealers without professional XRF spectrometers will probably want to breakout the bars out of the assay cards they are contained in in order to test them. But once those bars have been removed from their original packaging, dealers will have a hard time to find buyers for them.

- Unless you poses the professional tools required to verify that the bars are genuine, it’ll be a greater gamble than if you were to buy coins. Coins are way harder to counterfeit than bars are. Without these tools you have no way of verifying the authenticity of your bars without removing them from their packaging. You could of course buy bars from reputable sources, but a rule of thumb is the more reliable a source is, the higher the premiums you pay are.

-Besides their intrinsic value gold bars will hardly ever increase in value. Coins may be or become collectible over time and therefore are more likely to appreciate in value over time due to their desirability and scarcity. Many numismatic coins are worth much more than just the value of their gold content. Bars on the other hand hardly ever will.

- Rarely if ever will you receive above spot when selling your gold bars; whereas dealers tend to pay above spot for certain coins.

Once I realized these simple facts I never bought another bar.

 

 

 

Edited August 14, 2023 by Ignorant