Originally posted by Pherlopolus
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Gold
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How do you go about selling physical gold when cashing in a long term investment? Take your bar(s) to a local dealer offering a reasonable price?
I often read about how holding physical gold is worthwhile as a diversification of investment. Especially in volatile times when the threat to bank stability and 'haircuts' are as likely as interest rises for your savings.
Hands up who here really has any gold in their possession that amounts to more than a bit of bling? Is there a serious benefit to holding gold or is it for those who also hold more tins of beans than a local Tesco?
Relax, we don't know where you live.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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Originally posted by Hobosapien View PostHow do you go about selling physical gold when cashing in a long term investment? Take your bar(s) to a local dealer offering a reasonable price?
Physical gold is meant to be used as last resort to buy loaf of bread or last ship ticket to get the hell out of before the commies get there.
HTHComment
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Originally posted by mudskipper View PostFree delivery
"Accounts relating to pension schemes are structured to ensure that only HMRC-defined eligible products are available to purchase and all purchases go directly into storage at The Vault™, The Royal Mint’s secure precious metals storage facility. Delivery of such gold is not possible. Through our Buy Back Facility, all individuals can sell part or all of their gold holding and the money will remain in their Royal Mint account until they advise the provider to return the money to their pension fund.So now I am worried, am I being deceived, just how much sugar is really in a spoon full!Comment
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Originally posted by DallasDad View PostIf bought via a Sipp it's a paper trail only you never get to see it for real: "Accounts relating to pension schemes are structured to ensure that only HMRC-defined eligible products are available to purchase and all purchases go directly into storage at The Vault™, The Royal Mint’s secure precious metals storage facility. Delivery of such gold is not possible. Through our Buy Back Facility, all individuals can sell part or all of their gold holding and the money will remain in their Royal Mint account until they advise the provider to return the money to their pension fund.Comment
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Originally posted by Hobosapien View PostHow do you go about selling physical gold when cashing in a long term investment? Take your bar(s) to a local dealer offering a reasonable price?Comment
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Originally posted by AtW View PostHow convenient for the Govt - private mugs spend money to boost Govts emergency gold reserve
Sounds like a scam. "Thank you for buying some gold. We can't let you have it but here are some photos as proof that it is safe in our vault. You can name the bars if you like. Let us know if you want to sponsor any other bars. By sponsoring a bar you are helping to preserve the purity of gold. Helping protect it from ending up as chav jewellery or gangsters fillings."
About time I got on with that plan B idea: "Buy carbon credits from us today. We'll show you the trees it's paid for and send regular photos of all the happy little birds nesting in them. Buy your green credentials today, they're tax deductible."Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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Originally posted by Hobosapien View PostSounds like a scam. "Thank you for buying some gold. We can't let you have it but here are some photos as proof that it is safe in our vault. You can name the bars if you like. Let us know if you want to sponsor any other bars. By sponsoring a bar you are helping to preserve the purity of gold. Helping protect it from ending up as chav jewellery or gangsters fillings."Comment
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Originally posted by AtW View PostIt's not meant for that.
Physical gold is meant to be used as last resort to buy loaf of bread or last ship ticket to get the hell out of before the commies get there.
HTH
Simples.Comment
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Originally posted by DimPrawn View PostPhysical gold is meant for exchange for an AK47 and box full of ammo. That way your family survives, and the ones that bought stock market shares or paper gold don't.
Simples.
Guns, ammo, fuel, canned food, 1200 baud modem to access CUK BBS - everything else won't matter.
You've heard it on here first...Last edited by AtW; 28 March 2016, 14:31.Comment
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