price of gold / silver

sirbhp

LE
Book Reviewer
what does the team think?
Will the price of gold on Silver rise after brexit ?
or will they fall in six months or so . whats your forecasts .
 

Mrsheeny

War Hero
I’ve heard something along the lines of Silver will automatically rise 20% the day after Brexit for some reason of another, is it something to do with VAT or something along them lines? Or have I dreamt that up?
 
I’ve heard something along the lines of Silver will automatically rise 20% the day after Brexit for some reason of another, is it something to do with VAT or something along them lines? Or have I dreamt that up?
I know they recently slapped VAT on shares in silver bullion, and my supplier has increased the price of silver by about £7 per ounce.
 
I think it is hilarious that someone actually thinks that they know what will happen.

The only thing that will be certain is an initial rise in the price of commodities and fall in markets. But that will be the result of the self-licking-lollipop that is short selling and nothing to do with the actual market values.
 
what does the team think?
Will the price of gold on Silver rise after brexit ?
or will they fall in six months or so . whats your forecasts .
Depends how much you steal/borrow?
How much you looking to get?
But if you "borrow" loads then price might go up?
Are you in a gang, hope not Gary's Gang?
Getting caught will get you 12-25 years full board?
 

jarrod248

LE
Gallery Guru
what does the team think?
Will the price of gold on Silver rise after brexit ?
or will they fall in six months or so . whats your forecasts .
If we do leave the failing German banks I'd expect to go in a bad way. People may then buy loads of metals and price rocket. *taps nose, get buying. (I'm not a financial advisor and I'm very poor)
 
Both Gold and Silver are traded on global exchanges against the US$. Gold is a safe haven when markets are falling.

Brexit is a mere pimple on the arsse of global markets. The only reason you will see a post Brexit increase in the Sterling cost of Gold will be because the Pound falls against the US$.

IMHO the markets have priced in just about all Brexit risks. Once and assuming that the uncertainty has cleared (Brexit with or without a deal) buyers will go in to the Pound.

No Brexit, Corbyn government, pound collapses and Gold will become very expensive mIf bought with Pounds.
 
After the killing of Soleimani, markets fell and oil , gold and other assets rose .

checking on one site BullionRock.

Strange they have no bullion coin for sale at all? No gold or silver.

Also the smallest silver bullion bar is a 30 kilo at just under 14 grand. Wonder why?
 
I’ve heard something along the lines of Silver will automatically rise 20% the day after Brexit for some reason of another, is it something to do with VAT or something along them lines? Or have I dreamt that up?
In the UK today Gold is VAT free. Silver is not ! No idea if it will change post Brexit
 

sirbhp

LE
Book Reviewer
once we finaly get out of europe (i vited stay() will VAT get lowered do you think /
 
I though post Brexit we were supposed to be paying in human blood
 
I lost on gold around 8 years ago...plummeted just after I bought. Sold about 2 years ago, reckon about a grand down.
My brother is an actuary and warned me not to but but...I'd been enriched with the internet and he'd obviously not seen the enlightened pages I had....I knew better

I then went on to start an account with plus500. Didnt put any real money into it..used their "pretend" option, using 500 pretend pounds or whatever. No knowledge of the financial markets whatsoever..it was purely "red or black" as far as I was concerned.
No idea what I did but...Within 3 weeks I was "virtually" loaded. I could have easily at the time invested real money, but was not prepared - to what would essentially be (for me) a gamble due to lack of knowledge.

A weird feeling. I had two options..either commit and..gamble or...walk away.
I walked away and have never been on there since.

Edit: I understand @jarrod248 needs a step ladder now to get on his mattress ;)
 
Bump

The price and availability of gold and silver was mentioned on the FTSE thread. I would like to buy some gold / silver with a view to holding on to them for a decade or two. Obviously at the moment gold is in high demand but in the future when some kind of normality returns, could you some of you please recommend sites that could recommend the best 24 karat coins to buy? I was also wondering if any sites also offer safety deposit services ?

Any personal dealings with sites would be a great help in making up my mind.

Cheers
 
Bump

The price and availability of gold and silver was mentioned on the FTSE thread. I would like to buy some gold / silver with a view to holding on to them for a decade or two. Obviously at the moment gold is in high demand but in the future when some kind of normality returns, could you some of you please recommend sites that could recommend the best 24 karat coins to buy? I was also wondering if any sites also offer safety deposit services ?

Any personal dealings with sites would be a great help in making up my mind.

Cheers
Depends on your reasons for buying. Are you investing in something you think would increase in value, or transferring money to something that holds its value?

It's a bit tricky to begin with. Gold, silver and platinum have something called a 'spot value' - the theoretical value of an ounce of whichever metal. If the spot value for silver is £12 per ounce, you could theoretically buy an ounce for £12 and sell it for a small profit at some later point.

In reality, it's extremely difficult to buy gold or silver without paying a premium - minting costs, delivery, dealer markups, etc.
Also, you'd need to take inflation into account - since inflation is also a factor, your gold and/or silver should be considered an asset that holds its value rather than increase in value. Sometimes it really does increase considerably, but that's a long-term thing - realistically at least 20 years.

My advice is to either:
a) Buy gold and silver in huge quantities. The higher the quantity, the closer you're buying at to the spot value. There are ways and means to do this - joining a consortium/syndicate is one of them.
b) Buy shares in an existing bullion - the Royal Mint is probably your safest bet. This way, you'd own a given quantity of what's already in storage, and the shares can be transferred, bought and sold in real time, as needed.
c) A third option is to go looking in the charity and antique shops, buying up gold that's mistaken for cheap jewelry. A mate of mine is making a small fortune doing that.
 
Bump

The price and availability of gold and silver was mentioned on the FTSE thread. I would like to buy some gold / silver with a view to holding on to them for a decade or two. Obviously at the moment gold is in high demand but in the future when some kind of normality returns, could you some of you please recommend sites that could recommend the best 24 karat coins to buy? I was also wondering if any sites also offer safety deposit services ?

Any personal dealings with sites would be a great help in making up my mind.

Cheers
Right now gold coin is like or rarer than unicorn shite or if it is available costs way more than it should . Remember that all UK/ world sellers put a premium on gold . So today you want to sell a full UK sovereign , a good gold dealer will buy it at 309 quid. Ah , you want to buy one , well to you sir it will be say 321 quid?

The smaller the value of the gold the higher their premium.
So best to buy the biggest you can .

IMHO only buy gold bullion, yes there is a market for buying , say a 1982 gold sov as that’s the year your son was born . Cost you say 376 quid. Or more. But it’s an investment . Right ? No wrong you go to sell it and the dealer will give you the spot price so back to 309 quid.

Also dealers always say . Ah no VAT on gold . Correct it’s the same all over the EU. So no benefit at all.

Guernsey mint now Bullion rock IMHO is a decent seller, cheaper than many others. Free post , secure and registered mail in the UK .
But they have had no gold or silver coin for two months.
Also go for 99.99 % pure gold .
 

Latest Threads

Top