When buying gold bullion, what % above the current rate should you expect to pay?
humz asked:
I’d want the gold in my possession as well, not kept at their vault. And I live in the UK if that makes any difference.
Cheers for any advice.
And is there any difference between the different brands? Kruggrands seem to be cheaper than Maple Leafs for example. Is there a reason for that?
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I’d want the gold in my possession as well, not kept at their vault. And I live in the UK if that makes any difference.
Cheers for any advice.
And is there any difference between the different brands? Kruggrands seem to be cheaper than Maple Leafs for example. Is there a reason for that?
January 27th, 2009 at 6:37 am
Hello,
When I purchase gold coins I expect to pay about 5% over actual gold price. There really is no difference between the quality of the brands, however, some people just prefer different coins. I personally like the American Gold Eagle.
A good website to purchase gold is , you can buy any amount of gold you like from 1 gram to 400 oz (if you want to spend about 315K). Just check the precious metal store section.
I also like to invest on a weekly basis into moneygram.com since they keep the gold in a vault.
Hope this helps, thanks!
January 30th, 2009 at 10:29 am
Maple Leafs set the standard for purity, .9999 fine. As far as I know, other bullion coins are at best .999 . A small thing, I know, but important to some people, so they are willing to pay a premium.
Did you hear that somebody bought up all the Rand mint Krugerrands?
I’m trying to get into buying and selling gold, and I’m thinking I could buy 5% under spot and sell 5% over spot. Trick is to do enough volume that the 10% spread pays off.
Grandpa