Friday, March 6, 2009

Gold Bars or Coins

Buying gold bars – in small quantities at least – is no different from buying a packet of sweets, anyone can walk into Baird's shop in the City, hand over some cash and take away their gold.
"The most popular small bar is probably the 1 ounce," This currently costs £718.25. But if you don't want to spend that much, smaller bars are available: the company's smallest, the 2.5 gram, costs £64.25. Gold is heavy, so the bars are small for their weight; a 1kg bar worth £22,182 measures 5 inches by 3.5 and is about a quarter of an inch thick. "They are not big but they are heavy," The biggest, meanwhile, weighs in at 12.5kg and costs £222,000. "

People do occasionally buy five of them in one go," said the spokeswoman, although customers buying such large amounts would have phoned first. That 50kg in gold would be worth £1.1m.
There are formalities to go through if you are placing a large order. "We need a passport and two utility bills if you are buying more than £5,000 worth of gold," said Baird.
Ninety per cent of its small retail business is done by post or internet, with gold being shipped by courier after funds have cleared. Alternatively, the company can store your gold, for a fee, for holdings worth £5,000 or more. TheTamshee says: get yourself into some of these gold coins


@ Chards it's addictive - but not always profitable, think of it as a expensive hobby and something to pass onto your kids.

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