Atkinsons Bullion & Coins

If you are looking to get the most physical gold or silver for your money, buying pre-owned can often be the best option for many investors.

What’s going on with the gold price?! At 10.30am this morning the price was hovering around £1039 per ounce after a dramatic incline since last Monday, this is its highest in over two years! In this week’s blog, we’ll look into some of the possible reasons for the increase in the gold price, as well as the gold-silver ratio.

You look out for one, and then three come along at once! This past week or so we’ve heard about not one, but three interesting stories of gold treasure, on either side of the globe.

We’ve talked a lot about gold in recent months, but what is currently happening in the world of our other favourite precious metal, silver?

A group of amateur treasure hunters have discovered a hoard of more than 550 rare gold and silver coins in Buckinghamshire. The exciting find has been dubbed the ‘Hambleden Hoard’ and is reported to be the largest gold and silver collection found in the UK for around a decade.

Last week, after hours of discussions, the EU decided to allow another Brexit extension, with the new date being October 31st, 2019. Some experts are warning that this prolonged uncertainty could possibly have a negative impact on UK growth as businesses and investors may remain hesitant. But what are the possible outcomes of Brexit? And what impact could each of these have on the gold price?

This week, I thought we could all use a break from all the craziness surrounding Brexit (I can’t keep up!) so I’ve gone back to my childhood dreams of Indiana Jones, The Goonies, Lara Croft and the like – in search of treasure!

Historically, gold has been sought-after for many reasons, not just for investment purposes but also for manufacturing, jewellery and as a standard of value that is used all over the world. We see the price fluctuate constantly, but what actually drives the price of gold? Does gold still have relevance in a modern, ever-changing world?

Gold has climbed in this last week, possibly boosted by increased concerns about a global economic slowdown, and the upcoming Commons vote on Brexit. At the beginning of last week, we saw the price move from £973 Monday 4th AM, to £998 this morning, that’s quite a gain of over 2%. The question now is, will this increase hold, or will we see it fall back down to the levels we saw at the beginning of last week? Like the wheel of fortune: round and round she goes, where she stops nobody knows!

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