Gold is doing well, there is a good possibility of a no-deal BREXIT, the pound is doing badly. Is now the right time to buy gold bullion?
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When fiat becomes toilet paper you will be glad of any gold you can get your paws on! Silver is a good thing to have, but not from the UK because of the VAT.
Interesting point about numismatic coins reducing in their premium during times of increasing gold prices
I changed from bullion to proof coin buying in 2016, bigger profit if you pick the right ones… low mintage/Ltd editions etc"
Buy physical Silver, while you still can get some! I'm all for a No Deal exit from the, non elected E U globalist Criminals! Ponzi scheme!
EU not Europe, two very different things
If your interest is precious metal for storing value forget about numismatic coins. You can spend 2x, 3x…100x their value in precious metal but that premium is based on the whim of other collectors and very minor details with respect to the condition of the coin. NGC says MS-65, PCGS says MS-64 and the price difference between a one point difference in grade can be significant. It also comes down to the opinion of the person you're hoping to sell it to. Personally I would stay away from numismatic coins as a store of value if your purpose is to store value as a hedge against a troubled economy.
Then do not forget foreign exchange. I live in Canada and the dollar is a weaker currency than the pound. Also depends on what you can afford. Salaries not that high in my area. Average salary is $45,0000 Canadian dollars. £ 290 pounds seems cheap unless you travel to London and order an shish kebab at a Persian restaurant and have to fork out £ 17.00. You soon realize you will need to order over 10 shish kebab dishes to order just 1/4 Oz of gold in pounds.
Gold is way too expensive per ounce. Unless you have a fantastic job with a six figure salary or higher , gold will seem unaffordable. The average Joe on the street is not going to be able afford this.
Isn’t it Boris Johnson?
Do apmex post to uk
I think ppl will buy silver that's why the price of silvers going up I guess
Do NOT buy coins, buy bullion ONLY.
TOO LATE! you guys lost out. I own a 100oz bar of gold. Bought it at $167,000CDN it's gonna be 200K right away. Plus all my silver that I bought for $19 an ounce I think I have around 2610 oz's if I am not mistaken. I am already well off so it doesn't really matter in the long haul.. I am a Jew my entire family is wealthy I grew up with that silver spoon more like golden spoon lol. If you buy now you're foolish.
Collectostacker… you sure think a lot…
Good discussion. I think gold bullion and silver is the best safe haven and hedge
If Brexit goes no deal you'll be looking at $1.20 to the pound as attractive. IMO the English are making a Big Mistake. At least your PM is a snappy dresser
If you believe gold (and other precious metals) will rise when "the shit hits the fan", then now may be a good time for buying. Is it a gamble? For sure. Markets don't always react the way you expect, especially in the beginning. During recessions/crisis gold often follows all other assets down initially… so better buying days may be ahead. Or not. Nobody knows for sure. Just like with stocks, dollar/pound cost averaging is the safest bet.
I have stopped purchasing Gold Bullion in the UK and I am now spending the Fiat Sterling Paper on Preparedness items such as increasing long term storage freeze dried food and medicine personal stockpiles, night vision, FAC sporting items and body armour etc.
The International Banking cartels will of course bring to heel the UK with international trading shortages, inflation crisis and create political instability despite the risk of 'too big to fail' contagion using the same techniques as specified in the book 'Confessions of an Economic Hit Man'
Yep…without a doubt.
Recently picked up a 2003 Proof Gold 50p on ebay for £530, bargains are still to be had.