Starting out in gold bullion

Admin wrote:

denby wrote:Just had a quick look at todays available small gold coin selling prices ,

2016 1/2 sov battle of the atlantic £215 freepost, UK only,

1/4oz 1987 aussie nugget £415+ post UK only,

3x1/2 sov 1911/12 and 13 £200 each, you pay post, George Vth, buy all 3 £600 with SD posted, available now.

they will both sell today and be replaced by other offers selling small gold coins, these are typical selling prices by the private owners.

That is some really good prices.

The thing is to shop around. I personally only buy gold from VERY trust worthy people. And I know where they bought them from. IE if they bought them directly from Atkinsons, Bullion by Post, The Royal Mint etc.  A lot of people have NO problems showing proof. I keep mine in a rather odd place but I do keep my receipts.

This is why we build a relationship with each other on the forum. I would not think twice about buying gold from anyone on here that has been active and engaged in conversations.. But I would still test them because we ALL should test Gold.. even from Dealers... I know it sounds daft but I just watched someone buy fakes by accident. And I spotted them straight away whilst talking to this person. They even tested it but ..... some times there are more than one test that needs to be done.. I will post more about this later. But Yikes. Be careful.

denby wrote:Well Bondie, it took the market 10 years for the gold price to double.
I think house prices have been doubling every 5 years.
Gold has a lot of catching up to do.
The central banks of the World are showing a very big interest in buying gold at the moment.
What about our Scottish man who was Tony B(liars) chancellor, oh Mr Brown, selling half of our UK gold for $300 an ounce?
What a wally he was eh!
I wonder if this post will get past our moderators?

ArcaneCollector wrote: @Bondie I wouldn’t worry too much about the purity. It’s the amount of gold in the coin that’s important. Eagles, Sovs, Krugs all add a bit of copper to make the coins more hard wearing and scratch resistant. Pure gold is so soft that is makes for a terrible coin.

tray wrote:I really like the new type quarter ounce American Eagles slightly more expensive than the sovereign around £475 but much prettier

Admin wrote: @ArcaneCollector  If you are serious I am putting together a list and will be getting a few sent from America IE Sigma's.

@Bondie  Sovereigns are usually 22ct gold and not pure.. be careful if you are after Pure gold.

@ArcaneCollector  " pure gold is soft and makes for a terrible coin "   < I Very much disagree with this statement.  Unless your handling your bullion on a regular basis in your jeans and denim pockets it is Perfect. You have the best of all worlds.

ArcaneCollector wrote:

Admin wrote: @ArcaneCollector  If you are serious I am putting together a list and will be getting a few sent from America IE Sigma's.

@Bondie  Sovereigns are usually 22ct gold and not pure.. be careful if you are after Pure gold.

@ArcaneCollector  " pure gold is soft and makes for a terrible coin "   < I Very much disagree with this statement.  Unless your handling your bullion on a regular basis in your jeans and denim pockets it is Perfect. You have the best of all worlds.

@Admin when I say coin, I mean a coin meant for the purpose of being in the pockets of hundreds of people over time and used for transactions as intended. Uncirculated pure gold coins might as well be square, or funny shapes like the Korean stackers. They are just for putting in storage or display, to enjoy or resell one day.

And yes please. Put me down for a Sigma. I’m good for the money.