where to buy gold in ireland?

pepe00 · 19-10-2011 12:48am #1

where to buy gold in ireland?

I mean as investment,

from bank ? how is that work?

irishh_bob · 19-10-2011 2:42pm

pepe00 wrote: »

where to buy gold in ireland?

I mean as investment,

from bank ? how is that work?

google either goldcore or goldbank

pepe00 · 22-10-2011 2:24pm

Mark Johnson wrote: »

There are a couple of ways to invest in gold in Ireland or anywhere in the world for that matter. Through a bank is probably not the best option, if you bought it through a bank you'll find your directed towards an ETF, or an Exchange Traded Fund. These track the price of gold. I have an interest in the subject and have invested in physical gold and silver. Theres a site called www.goldandsilverinfo.com which is quite informative. Take a look at that, its pretty good.

thank you.

is this 100% safe to buy and store gold at these guys? are they some kind of bank or what? private or national?

brimal · 22-10-2011 2:36pm

I use BullionVault.

It's highly reputable and you actually own your gold.

newmug · 23-10-2011 9:17am

Mark Johnson wrote: »

There are a couple of ways to invest in gold in Ireland or anywhere in the world for that matter. Through a bank is probably not the best option, if you bought it through a bank you'll find your directed towards an ETF, or an Exchange Traded Fund. These track the price of gold. I have an interest in the subject and have invested in physical gold and silver. Theres a site called www.goldandsilverinfo.com which is quite informative. Take a look at that, its pretty good.

So how exactly did you go about it? And with who?

Finmix · 23-02-2012 1:20am

newmug wrote: »

So how exactly did you go about it? And with who?

There's an Irish Site, www.YourGoldFund.com that allows you to save in or trade gold as far I know. I haven't used them but looks like what you are looking for

stackerman · 23-02-2012 1:50pm

Don't get involved with anyone, if the gold is not actually yours ie physical.

There are companies, such as goldmoney where you buy and they store the physical for you, at a price in various locations (outside Ireland). A lot depends on the quantity and if you are happy to trust another party to store. Don't get me wrong, I'm not suggesting that companies may not be honourable. But if you have it stored in say the UK, and they do a 1930's confiscation, yours will go too. That may seem a long shot, but I'm not in the business of taking chances with my kids future. The Government have kindly done that already :mad:
I buy for security of my savings, not to make a killing, so with that in mind - Why have someone else hold what's yours

Why hold savings in a currency that is being debased ?

Of coarse there is an issue on your end of security too.

turbobaby · 23-02-2012 2:21pm

Listen to Stackerman!

p1 imp · 25-02-2012 5:26pm

If anyone is intersted in buying gold I am selling some, here is the link to ebay

http://www.ebay.ie/itm/290675899685?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1558.l2649

I intend to sell about 25% in the next few weeks to fund something else

clairedavies · 28-02-2012 11:36pm

Finmix wrote: »

There's an Irish Site, www.YourGoldFund.com that allows you to save in or trade gold as far I know. I haven't used them but looks like what you are looking for

I have used this site, to buy, sell and save. Been very impressed with them. There is an option to take possession of gold bars but they dont encourage it. They will however put you in touch with their affiliate company who will give you a great deal and sell 1oz gold bars to the public (they specialise in trade so its very cheap in comparison to anyone else in Ireland that I could find).

johnyharman · 26-04-2012 5:33am

When we are interested to buy gold in Ireland, Many companies and banks are provided information regarding to buy gold. Some of the people likes gold is a tangible asset that will retain its value even if paper currency loses its value. A number of convenient ways are there to buy gold before we buy gold we must absorb the portfolio of the company, easy and quick response and secure also.

gold investment
gold invest

Low Energy Eng · 01-05-2012 8:20pm

p1 imp wrote: »

If anyone is intersted in buying gold I am selling some, here is the link to ebay

http://www.ebay.ie/itm/290675899685?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1558.l2649

I intend to sell about 25% in the next few weeks to fund something else

missed the auction, can you give me a price on each please

consultan · 27-05-2012 7:42pm

its important to have your gold stored with one of the world gold council and member of the London Bullion Market, those are the guys who hold and look after most of the world gold.

http://www.bullionvault.com/#securevault

Since I started to listen to Robert Kiyosaki I tripled my money

http://www.youtube.com/watch?v=_vlP7BaoERw&feature=related

Nobody can look after your money better than yourself, we all need money education...

Low Energy Eng · 30-05-2012 12:24am

consultan wrote: »

its important to have your gold stored with one of the world gold council and member of the London Bullion Market, those are the guys who hold and look after most of the world gold.

http://www.bullionvault.com/#securevault

The Rothschilds are involved with that company, as such I'd personally avoid

consultan wrote: »

Since I started to listen to Robert Kiyosaki I tripled my money

http://www.youtube.com/watch?v=_vlP7BaoERw&feature=related

Congrats to yourself and no doubt Robert is a rich man, he's doin something right, but he's still plugging property, I do agree with him on silver, but relying on rental checks every month might not be the best option, at the moment of course

duckysauce · 30-05-2012 1:11am

johnyharman wrote: »

When we are interested to buy gold in Ireland, Many companies and banks are provided information regarding to buy gold. Some of the people likes gold is a tangible asset that will retain its value even if paper currency loses its value. A number of convenient ways are there to buy gold before we buy gold we must absorb the portfolio of the company, easy and quick response and secure also.

gold investment
gold invest

BM baby

consultan · 30-05-2012 3:10am

Low Energy Eng wrote: »

The Rothschilds are involved with that company, as such I'd personally avoid
Am not really bothered about the Rothschilds, they own the whole world with net assets more than 540 trillion pounds, unfortunately they are involved in everything even in weather tech now a days. probably there is an advantage for us that they r involved, because you buy directly from main supplier, but when you buy from other companies you pay more commissions for the middle man.

Congrats to yourself and no doubt Robert is a rich man, he's doin something right, but he's still plugging property, I do agree with him on silver, but relying on rental checks every month might not be the best option, at the moment of course

he actually started again with property after the crash, its a long term investment 10-20 years

TiGeR KiNgS · 03-04-2017 11:46pm

Mods - Can we put a floor on the number of posts please ?

Joebobs · 10-09-2019 6:49pm

i have gold and silver with bullionVault. i have considered withdrawing my gold c. 0.5kg in small bars but havent done it. believe there safe

Jim2007 · 11-09-2019 2:38am

Joebobs wrote: »

i have gold and silver with bullionVault. i have considered withdrawing my gold c. 0.5kg in small bars but havent done it. believe there safe

How are you going to be sure what you get is actually correct and even more important how are you going to convince a buyer what you are about to sell them is genuine?

You can go into any bank on the Bahnhofstrasse in Zurich and they will happily sell you any quantity of gold you want, go back the following morning and try and sell it back to them and you'll discover the realities of trying to dispose of physical gold - you either accept a big discount on it or wait weeks for it to be verified and even when it is it may not be the same quality as you bought - after all you did not verify the quality of what they sold you now did you.

If you want to go with physical gold the only thing you can be sure of and is easy to dispose of are traditional gold coins: Helvetia 20chf, krugerrands, eagles etc...

JMMCapital · 11-09-2019 2:36pm

Joebobs wrote: »

i have gold and silver with bullionVault. i have considered withdrawing my gold c. 0.5kg in small bars but havent done it. believe there safe

Better off buying gold and silver physically and storing it yourself, I bought a nice bit of silver back in June just before the rise. I'll be buying both silver/gold on a monthly basis as a hedge no matter the price.

Websites i would recommend:
https://www.europeanmint.com/ (0% vat on silver)
https://www.celticgold.eu/ (0% vat on silver)
https://www.suissegold.ch
https://www.goldcore.com/ (Irish based)

Ginger83 · 18-09-2019 5:26pm

JMMCapital wrote: »

Better off buying gold and silver physically and storing it yourself, I bought a nice bit of silver back in June just before the rise. I'll be buying both silver/gold on a monthly basis as a hedge no matter the price.

Websites i would recommend:
https://www.europeanmint.com/ (0% vat on silver)
https://www.celticgold.eu/ (0% vat on silver)
https://www.suissegold.ch
https://www.goldcore.com/ (Irish based)

Would it be a good long term thing for someone starting?

JMMCapital · 19-09-2019 3:03pm

Ginger83 wrote: »

Would it be a good long term thing for someone starting?

Always good to have a bit of gold/silver at least 5-10% of your portfolio, definitely a good long term idea. Recessions are inevitable they are cyclical after all and with gold being a good hedge against inflation its a great investment. I find it to be a great hobby as well collecting precious metals.

looking into shares in Gold/Silver mining companies may also be a good idea, I'd also recommend looking into junior mining companies that have a market cap <500m, preferably canadian juniors they tend to have good returns.

For example, during the financial crises of 2008 gold shot up to $869 an ounce, then by September 2011 gold hit it's all time high of $1,895 an ounce. (TheBalance)

Ruraldweller56 · 20-09-2019 12:39pm

Anything to be said for bullion by post?

JMMCapital · 20-09-2019 4:07pm

Ruraldweller56 wrote: »

Anything to be said for bullion by post?

I bought my first piece of silver off them, the vat of 23% is a killer also there prices are a lot more higher than spot price for both silver/gold. celticgold or Europeanmint would be good alternatives (no vat) and closer to spot.

dxhound2005 · 21-09-2019 11:08am

JMMCapital wrote: »

For example, during the financial crises of 2008 gold shot up to $869 an ounce, then by September 2011 gold hit it's all time high of $1,895 an ounce. (TheBalance)

It is not suitable for small time savers. Someone who bought at the top of the market, would be sitting on a big loss now. Whereas a real life example of Prize Bonds made gains of €2,900 on €25K since 2011. Without any of the hassle involved in owning gold.

JMMCapital · 21-09-2019 11:17am

dxhound2005 wrote: »

It is not suitable for small time savers. Someone who bought at the top of the market, would be sitting on a big loss now. Whereas a real life example of Prize Bonds made gains of €2,900 on €25K since 2011. Without any of the hassle involved in owning gold.

You don’t buy at the top you buy throughout the market cycle, such as on a monthly/quarterly basis. Prize bonds at best offer 0.5% return gains way better alternative investments out there. It doesn’t really matter if your small time or not, gold is a great hedge against inflation and an extremely liquid asset. Well worth owning in my opinion

dxhound2005 · 21-09-2019 11:26am

JMMCapital wrote: »

You don’t buy at the top you buy throughout the market cycle, such as on a monthly/quarterly basis. Prize bonds at best offer 0.5% return gains way better alternative investments out there. It doesn’t really matter if your small time or not, gold is a great hedge against inflation and an extremely liquid asset. Well worth owning in my opinion

But for small time savers who do not have a portfolio, with gold/silver making up 10%, a direct comparison with gold as a single product is fair. High net worth individuals can spread their money over different assets, and not worry about losing in the short term.

JMMCapital · 21-09-2019 11:33am

dxhound2005 wrote: »

But for small time savers who do not have a portfolio, with gold/silver making up 10%, a direct comparison with gold as a single product is fair. High net worth individuals can spread their money over different assets, and not worry about losing in the short term.

Well it doesn't have to psychically be gold the investor could buy 10% of mining stocks or ETFs that track gold/silver. There's plenty of cheap gold/Silver mining stocks out whether it be the more traditional big name mining companies or junior minors with a market cap <500m, great opportunities at the minute specially for junior minors.

Ruraldweller56 · 23-09-2019 1:51pm

JMMCapital wrote: »

I bought my first piece of silver off them, the vat of 23% is a killer also there prices are a lot more higher than spot price for both silver/gold. celticgold or Europeanmint would be good alternatives (no vat) and closer to spot.

?

I've looked and you're looking at pretty much identical figures

JMMCapital · 23-09-2019 3:32pm

Ruraldweller56 wrote: »

?

I've looked and you're looking at pretty much identical figures

They're not identical for example a 1 Oz 2019 silver Canadian coin would cost you 34.93 euro off BullionbyPost, on the other hand the same coin would cost 19 euro off Europeanmint and 19.65 euro with Celticgold.

Gold is far more expensive on BBP as well, compared to the 2 alternative bullion dealers mentioned above. Only benefit with BBP is free shipping.

adam88 · 24-09-2019 8:16am

JMMCapital wrote: »

They're not identical for example a 1 Oz 2019 silver Canadian coin would cost you 34.93 euro off BullionbyPost, on the other hand the same coin would cost 19 euro off Europeanmint and 19.65 euro with Celticgold.

Gold is far more expensive on BBP as well, compared to the 2 alternative bullion dealers mentioned above. Only benefit with BBP is free shipping.

How sure are you thst you will be able to sell this easily if you needed to ???

From research and speaking to people, I’m of the opinion that it’s easy enough to buy gold and silver, it’s the selling of it that’s the problem

where to buy gold in ireland?

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