Buying Gold / Silver

YossiA

Interested in buying physical gold and silver for long term investment. Any advice on where to buy? coins or bars?and storage options? Thank you in advance.....

conditioned games

There is a place in the guinness enterprise centre where you can walk in and buy any kind of gold and silver coins or bars.

flutered

yahoo is your friend, the markets are finkey, similar to bonds, one can win and loose, common sense is best, also no1 is patience.

YossiA

Many thanks, visiting Goldbank and Merrion Gold tomorrow to look at some Kruggerands.

flutered

YossiA wrote: »

Many thanks, visiting Goldbank and Merrion Gold tomorrow to look at some Kruggerands.

look up the limerick auction rooms, i believe they sell and buy gold and silver each day, yahoo is your buddy for their fone no. a call will tell you all, best of luck with your search, patience as i have said, also let your 6th sense guide you, not your heart, if in doubt walk away, you can always come back and look a second time, if you buy, you cannot get a refund.

jim_beamer

conditioned games wrote: »

There is a place in the guinness enterprise centre where you can walk in and buy any kind of gold and silver coins or bars.

just dont ever rely on that crowd to buy the gold back off you

goldcore are far better , their around fitzwilliam sqr

YossiA

Made my first purchase of gold coins, Kruggerands today. Beautiful coins. Here's to a rising gold price!

Thanos

Is it better to buy coins or bars when buying gold?
I see there is price difference but is there anything else?

cryptocurrency

Looking at this but its not going to turn around in the short term. Like the look of Silver bars for a few years hold.

beardy_mcgrath

what makes someone want to buy gold or silver ?

serious question , it has no intrinsic value

Comordha

YossiA can you please confirm how you made the purchase and the who with, am interested myself but found Goldcore to be overly administrative. Would prefer an over the counter transaction and provider.
Thanks

flutered

beardy_mcgrath wrote: »

what makes someone want to buy gold or silver ?

serious question , it has no intrinsic value

nor dirt tax.

YossiA

I purchased from Merrion Gold, very straight forward. They had the coins in stock, I also had a tour of their Safe Deposit Box facility.

323

beardy_mcgrath wrote: »

what makes someone want to buy gold or silver ?

serious question , it has no intrinsic value

Not quite. Silver is many uses in industry. In all sorts of electronics, batteries, the automotive industry. Strange thing is very little of the silver used this is being recycled at the moment.


Anyone any experience with these? Guy I worked with in the UK mentioned them to me recently.

https://www.europesilverbullion.com/

MayoSalmon

Where is everybody buying there Silver from?

Goldcore don't seem to do it.

irish gent

Your better of buying the gold coins.

irish gent

Your better of buying the gold coins.

irish gent

Your better of buying the gold coins.

MayoSalmon

irish gent wrote: »

Your better of buying the gold coins.

Yes and I have done, I want to know where we can buy Silver at a reasonable cost.

Recondite49

MayoSalmon wrote: »

Yes and I have done, I want to know where we can buy Silver at a reasonable cost.

Hi Mayo,

Do you have your heart set on buying physical silver? It's just that there are very inexpensive index funds linked to the price of silver which might be a bit more troublesome up front but would give you better liquidity i.e it would be easier to sell them when the time comes. There are also ones which cover 'baskets' of precious metals, which as I'm sure you know provides a little more stability in your investment through diversity.

Having given my two cents to answer your question I have used the former "Guernsey Mint" (now Bullion Rock) and you can view available silver coins here. They're based in the Channel Islands where yours truly was brought up and so I used to hop on the boat to buy bullion in person. However there's a mail order service and of course there's no VAT on purchases (not sure where Ireland stands on import charges though).

Coins are better than bars in my opinion due to better liquidity (easier to sell a few coins versus a whole bar). Also collectors may be willing to pay above the spot rate for the metal if they want to obtain that particular coin. The usual disclaimer that silver is much more volatile than gold but since you already have gold, you've got your bases covered.

If you're trying to provision for the apocalypse though you could do worse than sinking your money into more tradeable assets like food dehydrators, seeds, tools, clothing etc. If that's what you had in mind, please head over to the Survivalism section of the forum as we've some lists of items you can buy to prep.