Padders72 wrote:The point above about the spreads on asset classes are very pertinent. Sovs and gold bars can be traded at a 5% margin if you know what you are doing
Drop in (well yes you need to book a appointment) to Tavex
and buy 10+ one ounce gold Britannia's and you'll typically pay spot+3%; Walk over the Bridge and up to Hatton Garden and you'll likely get spot from Auronum
. Via web sites such as TheSilverForum
trusted members will often buy and sell at around a similar spot+2% type rate (0% spread). You'll have to build up some trust - buy from/sell to a existing trusted member a number of times before you yourself are seen to be trustworthy. I wouldn't buy/sell via eBay, too many untrustworthy buyers/sellers (claim they never received a item, or dispatch something that doesn't fit with the description ...etc.).
Also don't just buy gold/whatever alone, combine it with stocks and periodically rebalance, maybe once yearly. 1980-1999 for instance and without adding a penny you'd have seen your gold collection scale 6 to 10 fold. Then in the 2000's you were reducing ounces of gold to add more stock shares. 67/33 stock/gold and for whatever reason the 67 stock value halved to 33 - there's a reasonable chance that the 33 gold value will have doubled to 67. No overall loss, where rebalancing back to 67/33 has you holding twice as many stock shares as before. Martingale betting style, where you can come out ahead despite there having more losing plays than winning plays. 50/50 had similar overall outcomes, but that can be a bit too much gold for some, however that's in alignment with the ancient advice of third each land (home), merchandise (stocks) and in-hand (gold), assuming your liquid asset wealth is twice your home value. For those in that position they're more inclined to be near or within retirement, in which case there's no need for rebalancing, just start with 50/50 stocks/gold and withdraw your 'pension' from whichever is the higher valued of the two at the time (bulk initial purchase, thereafter just small sales, no further purchasing, which can be easy for heirs).