From: lyndhurst25@hotmail.com (Richard C)
Newsgroups: uk.finance
Subject: Re: Gold coins for investment
Date: 26 Jan 2004 15:38:39 -0800

Chris Game  wrote in message news:...
> Richard C wrote:
> 
> > If I wanted to invest a few hundred pounds in gold coins,
> > something I have no experience of,  what would be the best way of
> > doing this? I see that the Royal Mint sells gold sovereigns
> > on-line but I'm not sure how competitive their prices are. Would
> > I be better purchasing from a coin dealer / jeweller / bullion
> > dealer? Is there any advantage in buying foreign coins such as
> > krugerands, or does the value purely depend on the weight of gold
> > in the coins?
> 
> What about these securitized bullion shares (GBS) apparently
> tradeable on the Stock Exchange? Should be far less transaction
> costs involved, plus no insurance or physical storage problems!

I considered gold shares but actually having the gold would also be
beneficial in the event of a national disaster such as a major
terrorist strike (which the government believes is inevitable) or war.
Call me paranoid but electronic or paper records of ownership are
likely to be useless in such a situation (I sometimes have problems
connecting to my Comdirect nominee account at the moment and there
aren't any airliners loaded with anthrax or radioactive waste crashing
into the City of London yet).