Would you like the MOD to guard you savings? Try investing in Gold

By : Administrator
Published 23rd September 2014 |
Read latest comment - 24th September 2014

It look like the Royal Mint is moving to eCommerce as it launches a website flogging gold and silver coins. If you buy some, you can have the coins delivered by a courier (armoured van outside your house? ) or you can choose to have them kept in a secure facility guarded by the MOD.

Prices start from £19 for silver coins and £197 for gold sovereigns.

The full story is on the beeb: Gold bullion offer prompts investment warning

Seems a very risky investment strategy, but I do like the idea of dropping into a conversation about how the MOD looks after my gold sovereigns 

Maybe have as a payment option on your website: credit card, paypal or gold sovereigns... 

Interesting to see the Royal Mint moving into online commercial waters:

"We want to help expand the bullion market, particularly as coins offer a relatively affordable introduction," said Shane Bissett, from the Mint."


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn
Comments

I ran Cash4Gold Unit's for 4 years over 5 different Companies before doing what i'm doing now, the prices go up and down like a yo-yo and they are currently very down indeed.


Thanks,
Kempres

I ran Cash4Gold Unit's for 4 years over 5 different Companies before doing what i'm doing now, the prices go up and down like a yo-yo and they are currently very down indeed.”
 

Interesting, so maybe now's a good time to get into gold?


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

I'd say  to now.

For example when i finished up last August 'on the street' we went from paying about £6.50pg for 9carat and selling it on for close to the market-price of £11.00pg (we were not the best payers to be honest) to paying about £4.50pg because the market price dropped to about £8.00.

Because customers didn't really understand/care why the price dropped the customers then decided to keep hold of it.

As far as i'm aware the price is even lower now.

The thing is there isn't any guarantee that it will go back up again.

Interesting, so maybe now's a good time to get into gold?
 

 


Thanks,
Kempres

As far as i'm aware the price is even lower now.

The thing is there isn't any guarantee that it will go back up again.”

 

cheers Kempres for the insider info  Does sound really risky!

Read an interesting point somewhere else that as an investment, you get zero return while you hold it, so all the risk is at the point of selling, dependant on the gold market. Where as with currency or shares you will get interest or dividends.

So guessing vanity must be a big part of it for the smaller investor? Check out my BMW and lets talk about my gold... 


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

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