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Gold Brits vs Gold Sovs


Kritika

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7 hours ago, Abyss said:

@ShadowStack produced YouTube video related to gold size.

"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.

Profile picture with thanks to Carl Vernon

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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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  • 4 months later...

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 😫

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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).

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European Mint 1,187 Euros or £1037

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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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