Gold Wholesale - Simple Tips
All 'Investment Gold', including krugerrands, was exempt from VAT in the entire European Union, from 1st January 2000.
Gold bullion prices change constantly.
You should be able to buy a single krugerrand for about 7% premium, and perhaps 4 to 5% for quantity. Premiums may vary as many owners will not want to sell when they think gold prices are low, but may be keen to sell when gold goes higher.
Consider Old Gold Coins. Many of these coins are rare, and are collectable. Many are still available at prices similar to those of modern coins, at a small percentage over their bullion value. They're only a small premium over the scrap value of the gold.
1. First, you need to buy them in good quantity to get a good deal. Dealers will not sell small quantities, generally. Too much trouble, and therefore, cost.
2. More effort. These old coins contain odd fractions of an ounce of gold, you will need a calculator to work out the present value. The success of the krugerrand and all its copycats was the fact that it, in its original version, contained one ounce of gold. This made calculation and comparison foolproof. With older real coins, it's not quite as simple to compare.
3. Because there are different types of many of these coins, it can be confusing. But, collectors, and others, will pay extra for them, when seeking out their particular obsession.
4. Some of the older coins will be more worn than newer, mint condition, ones. This means there may be a tiny fraction less gold. It also means, however, that they may be worth more to collectors. Get an antique for the same money as a modern equivalent!
Buy the cheapest, measured in terms of percentage premiums over the intrinsic gold value. However this should be modified slightly because it is worth paying a small premium for smaller sized coins, and also for more historic and attractive coins.
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