Buying Gold

Vulcan · 20 Oct 2012 at 09:06

I recently sold my 100g gold bullion bar.

This is one of the cheapest in the UK for them: http://www.goldline.co.uk/gold-bars.page

Because as others have said, I doubt it will be any cheaper in the UAE, they will sell it at market price.

2blue4u · 20 Oct 2012 at 09:40

Before you buy, consider how you are going to sell it. You may find it difficult to sell a Dubai sourced ingot to a dealer in the UK - at least not at what you may consider a fair price.

Invest in metals by all means but don't buy physical. You only want the bling, don't you? Admit it.

There are many ways of investing in the commodity without holding physical. I'm currently into physical Rhodium but I don't have it in a display cabinet in my lounge

aardvark · 20 Oct 2012 at 11:46

no advantage of buying in dubai - its the same price as here!!

edit: also its pointless buying a weird bar when you can buy sovereigns here for only a tiny premium and when you sell they are free from CGT.

arekgreenman888 · 20 Oct 2012 at 13:32

2blue4u said:
There are many ways of investing in the commodity without holding physical. I'm currently into physical Rhodium but I don't have it in a display cabinet in my lounge

Where you getting physical Rhodium please? ta

2blue4u · 20 Oct 2012 at 15:02

arekgreenman888 said:
Where you getting physical Rhodium please? ta

Not buying physical Rhodiuim as such but investing in physical Rhodium via XRH0. Priced in $ so you get to play with the exchange rate flux as well :rolleyes:

aardvark · 20 Oct 2012 at 15:37

arekgreenman888 said:
Where you getting physical Rhodium please? ta

baird does rhodium bars now.

Energize · 20 Oct 2012 at 19:06

2blue4u said:
Invest in metals by all means but don't buy physical. You only want the bling, don't you? Admit it.

Physical is safe, investing over the internet means the commodity is not under your direct control and may not even exist.

2blue4u · 20 Oct 2012 at 19:50

Energize said:
Physical is safe...

Is it? Can't it be nicked? Unless you store it in a bank of other secure vault - in which case you incur storage charges.

Energize said:
Investing over the internet means the commodity is not under your direct control and may not even exist.

Rubbish!
XRH0: db Physical Rhodium ETC is an UCITS eligible, Exchange Traded Commodity incorporated in Jersey. The ETC is 100% backed by physical rhodium.

Energize · 20 Oct 2012 at 19:54

2blue4u said:
Is it? Can't it be nicked? Unless you store it in a bank of other secure vault - in which case you incur storage charges.

Rubbish!
XRH0: db Physical Rhodium ETC is an UCITS eligible, Exchange Traded Commodity incorporated in Jersey. The ETC is 100% backed by physical rhodium.

It's much safer because there are laws for example that allow the government to effectively steal your gold in times of need, if you have physical control of the commodity, that can't be effected. Being off the radar means your assets can't be frozen or seized.

2blue4u · 20 Oct 2012 at 19:58

Energize said:
It's much safer because there are laws for example that allow the government to effectively steal your gold in times of need, if you have physical control of the commodity, that can't be effected. Being off the radar means your assets can't be frozen or seized.

I may give a proper answer when I can stop laughing.

Energize · 20 Oct 2012 at 20:10

You concede then.

aardvark · 20 Oct 2012 at 20:42

2blue4u said:
I may give a proper answer when I can stop laughing.

to be fair ownership of gold has been banned and seized in a number of countries over the years.

Efour · 20 Oct 2012 at 20:44

i dunno if this is a serious thread anymore but ... wow..

aardvark · 20 Oct 2012 at 20:48

Efour2 said:
i dunno if this is a serious thread anymore but ... wow..

pretty unlikely, but i'm just saying it has happened.

dowie · 20 Oct 2012 at 21:06

Russinating said:
I'm off to Abu Dhabi & Dubai in a week or so and am keen to buy some gold for investment. I've always liked the idea of owning some physical gold as an investment and UAE is supposed to be one of the cheapest places in the world to buy it.

Yeah those dumb Arabs, they've got no clue about the price of stuff so they just sell gold well below the prevailing market prices to random tourists

If you're buying a relatively small amount as an investment then wtf are you bothering with physical gold for? Do you also avoid a savings account and stuff notes under your mattress? If not, then why not just invest in an ETF or ETC.

arekgreenman888 · 21 Oct 2012 at 01:13

Energize said:
It's much safer because there are laws for example that allow the government to effectively steal your gold in times of need, if you have physical control of the commodity, that can't be effected. Being off the radar means your assets can't be frozen or seized.

Energize what you saying is that if you buy gold somewhere and hold it at that place as mentioned above... then that gold can be used by government in times of crises?

Thus, it is better to buy gold and hold it your self in your own secret (unknown to government) place?

grimm · 21 Oct 2012 at 01:39

Bit of a silly idea really.

asim18 · 21 Oct 2012 at 02:39

Russinating said:
off to Abu Dhabi... keen to buy some gold for investment.

I think you've confused gold with oil.

Mikeyboy · 21 Oct 2012 at 03:02

They've got one of those vending machines in Westfield London.

D.P. · 21 Oct 2012 at 06:20

asim18 said:
I think you've confused gold with oil.

Black gold