Buying Gold

Buying from Guernsey Gold

To buy bullion from Guernsey Gold you can call us on +44 (0)1481 736 328 from 0900 – 1700 GMT Monday to Friday excluding public holidays. We will then send instructions on how to proceed with the purchase.

Although the prices shown on the web-site are updated regularly you can ask for a test quote to compare prices using the straight forward on-line form. In order to calculate postage costs we ask for your name, e-mail, telephone number and address as well as the type of bullion and quantity required. However, we will not be able to proceed until you are a verified customer.

Gold Quote Process

Due to changes in anti-money laundering regulations we cannot give out our bank details or accept orders from clients who have not been identified and verified. Once we have received and approved your certified passport copy, a utility bill and confirmation of the source of funds then you will be confirmed as a client. Further information may be required for certain clients depending on their background and geographical location.

Once you are verified you are then able to ask for a quote and we will send out our bank details with a price that is valid for 1/2 hour from the time stamp of the quote. Upon receipt of confirmation from our bank that cleared funds have arrived we will proceed to place the order with the supplier or fulfil the order from our own stock. If you decide to sell bullion that we hold on your behalf in storage then proceeds can only be paid to the source bank account that funded the original purchase. Payments will not be made to third parties. Please note that customer monies are held in separate customer accounts that are distinct from Guernsey Gold's business accounts.

Payment for Gold

Due to very tight profit margins we can only accept bank transfers but not credit or debit cards or other fee-charging payment systems. For regulatory reasons we cannot accept cash.

Some countries are designated by the Guernsey Financial Services Commission as being high risk under the Business from Sensitive Sources Notices (see https://www.gfsc.gg/content.asp?pageID=584). We reserve the right to not deal with customers or institutions from these countries.

What Gold to Buy

A very common approach that investors take is not to buy the biggest bar possible with their money but to subdivide it into smaller bars. This makes absolute sense because if they wish to take partial profits or reduce their exposure, then they are not faced with an all-or-nothing choice to hold or liquidate completely. Smaller units of bullion also allow for easier division of wealth for children or other family members. Gold is the definitive gift that preserves purchasing power from generation to generation. While not wishing to over-play the negative aspect, it is the ultimate form of portable wealth in times of war, pestilence and persecution.

Bullion has always played a special role in expressing love and longevity and has been recognised as such since the beginning of recorded history. It can be used for weddings, anniversaries of any description and of course christenings or their equivalent in other religions. Asian cultures recognise the power of gold as a form of insurance policy for the empowerment and protection of women. The gold given to an Indian bride is as much a safeguard from bad husbands as it is about expressing the love and blessing of the friends and family. Another offering for adults and children of any age is to find a Krugerrand or equivalent to match their year of birth.

Hard-headed investors would do well to keep their core gold holding in the biggest denomination possible to minimise the premium and divide the rest into more manageable portions.