Am I correct in thinking that if I buy gold bullion and then find the merchant that the bullion originated from and sell it back to them the price would be better? keep in mind I wouldn't be going over my Capital gains tax threshold with this purchase. For example I've found a seller with a Baird and Co gold bar here in Australia, in a couple of weeks (Iceland volcano willing) I will be travelling back to England (my homeland) for a short holiday, I was thinking that I could buy the Baird and Co Bar and then sell it back to Baird and Co when in England. Would this work out to be a better deal? Than say buying Soverigns/Britannia in AUD and then selling them to get GBP. Which was my original plan.
Sovereigns should be cheaper in the UK due to GST in Australia (why would you buy them here if you can get them VAT free in the UK?). I think taking bars back and forth is a waste of time and potentially more stressful then a plane trip/ security screen should be.
If you're about to travel overseas, you get the GST back on 22K coins like sovereigns and Krugerrands if you have a proper tax invoice in your personal name, and have the goods in your carry-on, and you travel within 60 days of purchase. Just go to the TRS desk at international airports when leaving Australia.
An update for you guys if you are interested, I would have liked to buy a Britannia but unfortunately I waited a week to late and gold stackers sold their last one, so my plan is to now buy a small 50g bar of gold instead, its from Baird and co which I've learned from this forum is a trusted company.