New Posts For Thread: Advice wanted on buying physical goldhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-goldI am looking to buy between £5-10k worth. What would people recommend? Sovereigns look a good idea as they are CGT free?The next big question is where/how to get them. Does anyone who has done this have any recommendations/advice?TIA"Are we potentially going to return then to the old gold standard type monetary system ?Can we go back to this in reality ? "No, gold standard is not desirable. But if gold becomes a more prominent collateral asset that actually moves at a market rathttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-gold?post_id=512790025#512790025"Are we potentially going to return then to the old gold standard type monetary system ?Can we go back to this in reality ? "No, gold standard is not desirable. But if gold becomes a more prominent collateral asset that actually moves at a market ratSat, 19 Nov 2011 08:05:36 -0600Are we potentially going to return then to the old gold standard type monetary system ?Can we go back to this in reality ?https://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-gold?post_id=512785293#512785293Are we potentially going to return then to the old gold standard type monetary system ?Can we go back to this in reality ?Sat, 19 Nov 2011 05:48:50 -0600In my opinion confiscation is unlikely, as confidence will need to be managed. The question is will there be an orderly market in the price rise of gold(where the government agents buy it back off you for printed currency(devalued), or will there behttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-gold?post_id=512773163#512773163In my opinion confiscation is unlikely, as confidence will need to be managed. The question is will there be an orderly market in the price rise of gold(where the government agents buy it back off you for printed currency(devalued), or will there beFri, 18 Nov 2011 18:26:36 -0600the jewellers dont seem that bothered and simply weigh themand have means to tell the carat content of coinsobviously if i sold you one , you would expect some certificationif i was charging over bullion valuehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-gold?post_id=512750649#512750649the jewellers dont seem that bothered and simply weigh themand have means to tell the carat content of coinsobviously if i sold you one , you would expect some certificationif i was charging over bullion valueFri, 18 Nov 2011 10:23:15 -0600I did actually ask at the bank whether I would easily be able to get my box back if they went under. This caused much hilarity with the staff who said I really didn't need to worry about such things. So I said, Why do you think I am wanting to hold ghttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-gold?post_id=512725185#512725185I did actually ask at the bank whether I would easily be able to get my box back if they went under. This caused much hilarity with the staff who said I really didn't need to worry about such things. So I said, Why do you think I am wanting to hold gThu, 17 Nov 2011 16:43:29 -0600you can buy sovs at coin auctions, dont forget to add premiums to your bidselse you will end up over paying, jewellers are paying £238 up our way at the minute. watch out for older ones and ones with foreign mint marksgold coin values tend to be bashttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-gold?post_id=512705759#512705759you can buy sovs at coin auctions, dont forget to add premiums to your bidselse you will end up over paying, jewellers are paying £238 up our way at the minute. watch out for older ones and ones with foreign mint marksgold coin values tend to be basThu, 17 Nov 2011 08:55:58 -0600I've seen this posted more than once so it's worthy of a comment.Posters on here, who admittedly are buying gold as insurance against the SHTF, need to rethink the notion that you will be granted access to your bank's safety vault to retrieve your gohttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-gold?post_id=512701529#512701529I've seen this posted more than once so it's worthy of a comment.Posters on here, who admittedly are buying gold as insurance against the SHTF, need to rethink the notion that you will be granted access to your bank's safety vault to retrieve your goThu, 17 Nov 2011 06:50:24 -0600Wykhamist - Thanks for the site recommendation. If you have time, can you tell me the implications (if any) of buying bars with a fineness of 999.9 and Sovereigns which I believe are 916.6. I get that the fineness indicates the quality/content of golhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-gold?post_id=512701005#512701005Wykhamist - Thanks for the site recommendation. If you have time, can you tell me the implications (if any) of buying bars with a fineness of 999.9 and Sovereigns which I believe are 916.6. I get that the fineness indicates the quality/content of golThu, 17 Nov 2011 06:35:05 -0600my advice is dont buy gold. Or silver. You will get it much much cheaper into the future.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-gold?post_id=512686303#512686303my advice is dont buy gold. Or silver. You will get it much much cheaper into the future.Wed, 16 Nov 2011 19:04:42 -0600Does Menelaus have a specific alternative monetary system all mapped out btw ?.If so, I'm sure we would all love to hear about in advance.Where were the Menelaus's of the world when the current system ( apparently doomed to failure from the outset) whttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28685745/advice-wanted-on-buying-physical-gold?post_id=512683841#512683841Does Menelaus have a specific alternative monetary system all mapped out btw ?.If so, I'm sure we would all love to hear about in advance.Where were the Menelaus's of the world when the current system ( apparently doomed to failure from the outset) wWed, 16 Nov 2011 17:52:13 -0600