I have no doubt that within a year or so, UKPLC will be in meltdown with record repos and millions not being able to service their debt or what i deem unrecoverable debt, therfore since i am not hundreds of thousands in debt and only a couple of grand, would it not be worth me buying 3 grands worth of gold bullion on me credit card, i mean if they cant recover hundreds of grands worth of debt, whats the cahnce that they will come after me once unemployed and living of benefits for 3 grand?

Try finding a dealer who will accept payment by credit card.

I can tell you for a fact that Bairds wont.

Edit: The way to do it is pay cash for the gold and live off your credit card.

I can take a 3 grand cash advance on me CC and purchase cash, when i brought 10,000 worth of gold in london 2 years ago, they had no problem excepting cash

yes it's very unlikey a reputable bullion dealer will accept plastic.

cash,postal orders and cheques are ok,but electronic credit isn't.

What does your card issuer charge for a cash advance? Whatever the figure, it's an extra premium you'll be paying over the dealer's mark-up over spot. The CC premium is a big part of the reason for bullion dealers refusing cards in the first place (that, plus the possibility of fraud/charge back and other hassle).

A very close friend of mine told me that bank transfers are an excellent way to buy gold bullion too

ATS Bullion will take debit cards though....

If you only have a couple of grand my suggestion is that you buy £1k of gold using a company such as goldmoney.com or bullionvault.com

With the other £1k open a spreadbetting account and buy gold around mid October. My suggestion is that you put in a $40 stop loss (ig index allows 3.5 as a minimum - but you want to avoid getting thrown out by volatility or market manipulation). That allows you to bet £25 for every dollar that gold rises. If it goes up by $100 by Christmas (which in my opinion is likely) then that will net you £2500. Cash in on Dec 15th to beat the Christmas profit taking. Then put £1.5k into your proper gold account, and in the new year place another 3 month spreadbet on gold (i.e. rinse and repeat).

Note: bet on Dec gold not daily gold. Raise your sell stop as the gold price rises so that after a $40 increase you will only be risking the house's money.

On Aug 29th I started spreadbetting with £1000. At the moment my account is sitting at 37 000 Euros. I am currently risking 16k Euros on a gold trade whilst the rest is secure until after Oct options close on 25th and the US interest rate annoucement on 29th (?). If there is a rate cut, then I'll trade on the stock market relief rally, wait 24 hours and then go long gold and short the dollar.