The plan varies upon your location.
You being in London means you dont have to worry about Thailand's 965 purity.
To be VAT free it has to be greater than 995, which investment bars usually are.
BUT, you will still have Capital Gains Tax. ????
Another option is to buy in Singapore. No VAT. No taxes of any description.
Bullionstar Singapore
Dont think in terms of a 10 year timeframe.
Think in terms of the market.
If gold has hit a peak of USD $8000 in 3 years, you dont want to ride it back down for the next 7 years.
What to buy?
The smaller the bar, the higher the premium (the difference between the spot price that you see on the news, and the real price that you pay).
Smaller bars (give coins a miss) are easier to sell if you are holding your gold yourself. If using, as the example Bullionstar, then selling is just a few mouse clicks.
Lets say you were buying 1 kilo. A rainy day comes along, and you need just a walletful of cash. You dont want to sell your 1 kilo bar. Better to split your purchase up.
When to buy.
Trying to pick the bottom of the market is beyond the capability of 99.99999% of us.
Better to make your move now. You could 'dollar cost average', and buy 25% of your spend each week, or month.
Again, this may depend on how you buy and where you are putting it. If getting delivered to your home, the post and insurance cost may negate any potential advantage of dollar cost averaging.
As you are seeing, so much 'depends' on your plans and desires.
Either way, you are on the right track. Just dont contemplate for too long, or it will probably cost you more.
