Page 48 - Introduction to investing in Gold

The Beginner's Guide to Investing in Gold
are just my criteria; you must get appropriate advice before deciding what is right for you.
Types of Gold Dealers
Like most things in life, different dealers cater to different clients. So, I’ve split the types of dealers into three categories. This is relatively arbitrary, but it should at least point you in the right direction.
Low-Tier
Bullion By Post Chards
I use Bullion by Post for buying, storing, and selling coins. But be aware that you may buy the coins at a small premium to the spot price. The spot gold price refers to the price at which gold may be bought and sold right now, as opposed to a date in the future. The spot price for gold is in a constant state of flux and can be driven by many different factors.
I only recently found out about Chards, and having had several lengthy conversations, I’m planning to use them as well. I like the idea of having products stored in different locations.
As I’ve just said, I’ve used Bullion by Post before and find them to be very helpful and efficient. Although they don’t have a maximum order, if you’re thinking of deploying more than £200,000 into the sector, you certainly want to shop around. Having said that, I would urge you to be careful about going with the cheapest. Do plenty of research on anyone before you invest.
As you’ll see from the Bullion by Post’s website, the smallest denomination for a UK gold coin is over £100. In a crisis, this is fine if you’re buying an airline ticket, but you could be in a spot of bother if you’re just looking to get some groceries, so think about why you’re buying it (is it an investment or more like insurance?).
Mid-Tier
Sharps Pixley
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