Buying gold, what should I know?

[pseudonym]

I think my gold has gone up about 50%, which is great, but how much do you lose if you trade them in? As a rough percentage?

Depends on the buyer.

Atkinsons buy sovereigns for £724 and sell for £765.

[Frnc]

I think my gold has gone up about 50%, which is great, but how much do you lose if you trade them in? As a rough percentage?

Depends on the buyer.

Atkinsons buy sovereigns for £724 and sell for £765.

Not bad, better than I expected. That's only 5%. So if I traded in I'd still make 45%. Not that I plan to. But I might eventually, if I ever started buying more. I only have two half sovereigns.

[itsybitsy]

PMs currently in a bit of a downward spiral today - could be the correction that's due - but it's really a buying opportunity before it bounces again.

Luckily I have a spare £3243.80 laying around for my next ounce .......

That was for Medusa's benefit not yours

[GeoffDann]

So I am about to dip my toe into the pond, so to speak. I want to buy a little gold to keep as an investment/safety net and could rely on the internet, but prefer to ask people here who are likely to give me better advice. So far, I know to buy from a reputable source, there are a couple of places on here which people have mentioned. I need somewhere to keep it so need to buy a safe as I would rather have it in my possession and am reluctant to use the storage options which some gold sellers offer. It is suggested that I buy several smaller quantities than a larger one so that if needed I could sell a smaller amount as required. Any advice or suggestions please?

I use Bullion by Post. Always very reliable and quick.

[Medusa]

PMs currently in a bit of a downward spiral today - could be the correction that's due - but it's really a buying opportunity before it bounces again.

Luckily I have a spare £3243.80 laying around for my next ounce .......

That was for Medusa's benefit not yours