Royal mint sells bullion direct to the public

[motorbikez]

Royal mint bullion

 

The name of the Royal mint's new venture, selling gold and silver bullion coins direct to the public. Having had a cursory glance at the prices, they don't seem too bad by RMs standards anyway.

 

Also has a storage facility and buyback facility.

[silversword]

Unless they are based in Germany they aren't much help

[Shamatti]

Yeah I got an email about that too. Wasn't very impressed.

[motorbikez]

They have also got free advertising on the BBC 6 o clock news

[Fluttershy]

I can`t decide if bringing the idea of PM ownership to the general public as an option is a good idea or not?

[motorbikez]

I can`t decide if bringing the idea of PM ownership to the general public as an option is a good idea or not?

 

You and me both,on the one hand more public awareness of PMs may/should be good for the collecting market down the road a bit,on the other hand if PMs tank public will be crying into their beer.

[HelpingHands]

I suspect that those prices are pre-VAT. Anybody know?

They told me that they are expanding their bullion range so I was hoping there would be multi sized Brits/lunars.

[silversword]

I can`t decide if bringing the idea of PM ownership to the general public as an option is a good idea or not?

 

Frankly as far as I'm concerned, more people with PMs trying to cash in at the same time as me, is a bad thing. 

[Danny-boy]

Frankly as far as I'm concerned, more people with PMs trying to cash in at the same time as me, is a bad thing.

Seconded.

It's a double edged sword though, I want a big market to sell to but nobody with much silver.

[HelpingHands]

We probably need as many people buying as possible to expose the system.

[BaldyBob]

Gold prices not that competitive at first glance.

[simon13]

Tried to create an account just to see prices... would not work as ...

 

"There is information on this page that is required or not properly provided. Please correct the following and resubmit the page:

• First Name may contain only alphanumeric characters, spaces, single periods, hyphens and apostrophes."

Simon doesn't work and its my only first name.  Probably not worthwhile anyway.

[simon13]

Ah, dont need an account to look at prices.  Delivery is free "for a limited time only"

[Cointreau]

Either

(1) They  have been losing custom.

(2) They have been shamed into action by my scolding emails.

Just seen the piece on the news. Good stuff.

May just send them a nice email. Next thing we know they might

remove vat on silver.

[HelpingHands]

If anyone registers and puts in a fake order to the basket let us know if VAT goes on at the end.

 

It says on the site that international buyers won't pay VAT but they may be subject to import duty in their own country.  This makes me even more sure that the prices are before VAT.  I hope to be proved wrong though.

 

I think they wanted I.D for orders of any amount on their old bullion link.  I wonder if that procedure has continued over.

[Cointreau]

I am 100% certain that the prices are before vat.

http://www.bbc.co.uk/news/business-29316486

Note that they mention a price of £19 for silver coins.

[HelpingHands]

£19 is the site price for a single Brit. Remember they are currently offering 'free postage'.

We should thank the BBC for getting 'Surrey-based financial adviser Martin Bamford' to inform us that 'gold can go up but it can plummet as well'.

Why so dramatic when describing a fall Martin? Why not say 'gold can go up but it can go down as well' or 'gold can go through the roof but it can plummet as well'.

Why Martin, why?

[morezone]

All quoted silver prices are ex-VAT.

[silversword]

Because Martin makes no ongoing commission from telling people to invest in gold?

[garthy]

Or because Martin and the BBC know the general public putting their money in gold isn't going to prop up the banking system.

[HawkHybrid]

I would be cautious about putting money in pm's that are stored

for you. could be a target if there was a cyprus similar bank account

raid, or if gold was forced to be traded in at low prices like what

happened in the us.

 

HH

[BaldyBob]

I hear you HH.

 

Especially the Royal Mint....a bit too close to the Government. Might as well ask Gordon Brown to look after it for you.

[Lindeman]

Gold prices not that competitive at first glance.

Agree with BB here. Can get a better rate on 2014 Sovs or lunar horse at GBC or Atkinsons...

Also the first break for volume orders is at 25x, at least for Sovs. I will avoid and stick with the players that allowed us to buy online in the first place.

[klacey]

Even I offer better deals then this, premiums must be huge.

[Pete]

Public awareness is a good thing as it fuels demand.

When it is time to start unloading silver coins hopefully there will be more buyers bidding so can only help push the price up a bit.

BullionbyPost has been advertising on national TV for about a year now.

Lots of small time buyers keep the wheels in motion.

Seasoned stackers fear not as there is plenty to go round.