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Kritika

Gold Brits vs Gold Sovs

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Very interesting, but I think from-his perspective 1oz is the way to go because he has direct relationships with dealers and also the added benifit of a large following that he can always sell such high value coins to.

But if our survey above shows anything it’s actually the opposit In the real world,. The average stacker does not have the benefit of such outlets for high value coins. So when it’s time to sell, the lower value Sovs and frectiinals are a better option as they are simply far more liquid and affordable for the outlets we have access to.

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6 minutes ago, sovereignsteve said:

"Best gold coin size to buy"

Almost 14 minutes long and the only thing he said was that 1oz was his personal preference, the sweet spot, but it's actually down to the individual.

I completely agree, it’s a totally individual choice.

Just imagine if we all liked and did the same things, what a boring old world this would be 😜

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3 hours ago, Jumbosausage said:

I'm just starting out but I'm going 1/4 oz Brits over the Sovs in gold for no other reason than to keep everything in ounces like with the silver. 

You cant go wrong with 1/4 oz  Brit or Sov, the bit you can get wrong is when you buy them.

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On 27/09/2018 at 17:09, Attilio said:

You cant go wrong with 1/4 oz  Brit or Sov, the bit you can get wrong is when you buy them.

Also where you buy them and what price you pay for them 😜

Edited by Kritika

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Using a popular UK dealer for current sov pre-owned mixed dates buy and sell prices : -

(£251.60 - £234.17) = £17.43 per coin.
(31.1g / 7.315g) = 4.2515  coins per ounce.
4.2515 * £17.43 = £74.10 spread per ounce.

I much prefer ounce coins myself but can't afford them 😫

Edited by RoughDog

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What annoys me about purchasing 1 oz Gold in the UK for the best deals you have to buy 100+ coins.

Gold spot price GBP £1004 Baird & Co 2019 Britannia £1032.68 works out at a premium 2.7% (if you have £155K).

image.thumb.png.bbc908cb31d3cca4e2e38dc70b260786.png

European Mint 1,187 Euros or £1037

image.png.43440075a48b4d49c799edd7ab2e49fa.png

image.png.7d59bbb7688e34d0ff43312f0a9c5a89.png

Best method obtain 2.7% premium over spot price of gold or lower email the Europeanmint ask them price match the most competitive UK dealer then ask for a further £4.00 reduction per 1 oz coin to cover cost of transferwise and they will at least negotiate on price (none of the UK dealers willing to do with generic 1 oz bullion gold). Next step add this custom quote to the Group Orders to reduce postage costs.

I have ordered 30 oz Gold from Europeanmint four months ago (Falcon/Bull/Unicorn) and they did price match and I paid 2.5% over spot as premium at the time. Maybe they only price match because it was larger order but even if I was going to buy just a single 1 oz gold coin I would negotiate the price. I believe dealers buying their gold (generic bullion) from the Royal Mint 1.5% over spot.

Just the strategy adopted to buying 1 oz physical gold in the UK.

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