M Colby

I wrote all this a while ago, but I thought I'd post it here in the hope that it will help anyone just starting to think about buying gold/silver.

 

 

If you want to buy some but have the company you buy it from look after it for you, then the options are:

 

http://www.goldmoney.com/

Gold Money (James Turk):

Gold = 3.39% over £6k, Silver = 5.25% for <£6k, 4.99% for more.

There is no storage fee for gold in the London vault; only a monthly account fee. A storage fee of 0.24% per annum (2 basis points per month) is charged for gold stored in the Zurich vault, with a minimum fee of 0.1 grams of gold per month.

If you own silver, a storage fee is deducted monthly from the amount of silver in your account. The fee is 0.99% per annum (0.0825% per month), with a minimum fee of 0.2 ounces of silver per month.

 

http://www.bullionvault.com/

Bullion Vault is cheaper, but don't do silver. Has a more complicated system, but is more flexible.

Charges: http://www.bullionvault.com/help/QuickStart.html (from 2.06% over 2 years)

 

Another option is The Perth Mint Australia.

http://www.perthmint.com.au/ig_metals.aspx

They do various options. And will store for you and do delivery later if you wish.

Depending on which country you are in, you may need to go through one of the listed brokers in your country.

 

http://www.newzealandmint.com/

 

 

 

If you want to purchase gold and have it delivered:

 

In the UK

 

http://www.atsbullion.com/

In the UK, give these guys a call - I have used them and they are VERY professional and very competitive on pricing for 1 oz bullion coins - you can order over the phone with a debit card and they mail them to you discreetly and insured!!!!

 

Baird and Co

Prices of coins: http://www.goldline.co.uk/bullionCoinsPage.page

 

Coin Invest Direct

http://www.coininvestdirect.com/main.php

Prices in GBP: http://www.coininvestdirect.com/main.php?a...rate=pound_rate

 

Tax Free Gold

http://www.taxfreegold.co.uk/

 

In NZ

 

If you are in NZ, I think the best option is:

http://www.newzealandmint.com/

The best option is 24ct gold kiwi coins. No GST, and they charge from 6.5% downwards depending on quantity. But the good thing is they buy them back at the spot price.

So coins work out cheaper than bars, and if you have to use them, more saleable than bars.

http://www.newzealandmint.com

Tel. 0800 696 468 (0800 NZ MINT)

 

 

Pensions

Yes you can put pension money into gold.

Here is one example for the UK:

 

Gold SIPP - Gold Pension

http://www.goldmoney.com/en/gold-sipp.html

 

 

 

IMO if you want to do more trading in gold, then consider ETFs

But, IMO these are not the safe haven that having allocated physical gold is.

You will need to check the prospectus carefully to see what you are actually buying.

Here are some examples:

http://www.etfsecurities.com/en/updates/do..._Fact_sheet.pdf

 

 

Reading

IMO you should only invest in what you understand. So inform yourself before doing anything.

 

For daily information from an experienced gold expert.

http://www.jsmineset.com/

 

FUNDAMENTAL REASONS TO OWN GOLD

BY: JOHN EMBRY, CHIEF INVESTMENT STRATEGIST OF SPROTT ASSET MANAGEMENT INC. &

SPROTT GOLD AND PRECIOUS MINERALS FUND.

http://www.sprott.com/pdf/reasons_to_own_gold.pdf

 

This is a very long but very informative read about gold.

http://www.gata.org/files/RedburnPartnersG..._11-12-2007.pdf

 

Gold Is Money - Deal with It! - Remarks by Robert K. Landis to the Association of Mining Analysts, London, England, October 2, 2003

http://www.goldensextant.com/LandisAMA.html

 

For daily news and great articles:

http://www.marketoracle.co.uk/Topic3.html

 

http://www.dollarcollapse.com/

 

For a good background read, and good info on BV (unfortunately BV Watch has closed. You may be able to find cached versions)

Bullion Vault Watch - discusses the different ways to sown gold, including whether Bullion Vault is safe, including charts of how much gold they have.

http://bullionvaultwatch.blogspot.com/

This article: http://bullionvaultwatch.blogspot.com/2008...vault-safe.html

Found from this iTulip thread: http://www.itulip.com/forums/showthread.php?t=3143

 

You can get the latest prices from:

 

http://www.bullionvault.com/gold-price-chart.do

 

From: http://www.kitco.com/market/bp_charts.html

 

Neat multi-currency chart

http://www.kitco.com/gold_currency/charts.htm?gbp

 

From http://www.kitco.com/images/live/gold.gif

 

And Silver in US$:

From: http://www.kitco.com/images/live/silver.gif

 

 

At the moment 1x 1oz coin costs around £460 or NZ$1200.

So it's possible to invest say 10 or 20% of your liquid portfolio in gold, how ever much money you have.

 

IMO think about buying gold like buying another currency. There is an exchange rate between all the paper currencies and gold. That's why the price of gold fluctuates relative to the paper currencies.

Gold is a currency that cannot be printed, and pays no interest.

 

Also, please remember the price goes up and down. Even during a gold bull market, there will be large fluctuations in the price. IMO buy and hold, and ignore the dips in between.

Please can you give me any idea how heavy it would be in imperial weight- to carry 30 oz of gold coins?

I think troy oz. are different to imperial oz.?

I know a little bit about coins so I have given it a go http://www.greenenergyinvestors.com/index....ost&p=49117

I READ THIS (part of the post) BUT DO NOT KNOW WHAT THE MEANING IS?

Post was from: Jul 21 2008, 09:05 PM Millennium man Member No.: 1,809 Joined: 8-May 08

Also you would be amazed at how many people want to buy or sell PM’s without having to notify someone. Relatively compact, easy to sell, price may spike up and down intermittently but over a longer term is quite stable. Buy a coin a month, save them and give them to your children, grandchildren or lover before you pop your clogs or even leave them a letter in your will with a pirates map. Take a few abroad and flog them to pay for you holiday spending money. Physical is so hard to tax, that’s one reason why governments hate PM's

id5

What are PM's?

I am about to purchase gold coins for investment as my return from building societies in interest is so poor. I am hoping to keep my savings safer and hopefully only sell it when absolutely necessary.

Being in my 70's I am also thinking of my children's inheritance. I founf the info on this site helpfull.