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Buying gold or silver

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  • 01-10-2017 6:19pm
    #1
    EducatedMonkey
    Registered Users Posts: 2 ✭


    Hi,

    I have 30k that I am interested in investing in Gold or silver. I have some questions I am hoping some of you knowledgeable folk can help with......

    Any thoughts on which one is best and why?
    Should I use an online service to buy the gold\silver or other?
    Any recommendations for good\reputable companies to use?
    Do I need to pay tax? What other fees are involved?
    Is it easy to convert gold\silver back to Euro?
    Should I choose a service that allows me to hold physical gold\silver and why?
    Or should I choose a service that stores the gold\silver for me?
    A lot of sites I find are US based, is there any drawbacks to using from Ireland?

    Many thanks


Comments

  • Options
    #2
    YossiA
    Registered Users Posts: 46 ✭YossiA


    Gold has no taxes, Silver has 23% VAT on purchases.

    I used Merrion Gold in Dublin, process was straightforward. They also have Safe Deposit Boxes on site with Merrion Vaults.

    I haven't sold my holding yet but I cannot imagine its difficult.


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