Atkinsons Bullion & Coins

As the COVID-19 pandemic continues to cause chaos to economies across the world - fuelled by recession fears and low interest rates, investors have turned to safe haven assets such as gold to protect their wealth. As a result, gold prices have hit record highs and many analysts are betting on gold possibly gaining even more momentum. Here we look at three reasons why gold prices could continue to rise.

Newcomers to investing and collecting precious metals may be surprised to find that a different unit of measurement is used for gold and silver. The troy ounce is different to the regular ounce used to measure most goods, including food. In this blog, you will find out more about the troy ounce, the standardised measurement around the world for gold and silver.

Gold coins minted in the UK have long proved a popular choice, appealing to both bullion investors as well as collectors. British gold coins such as the Royal Mint’s flagship coin, the Sovereign, as well as the UK Britannia, remain some of the most widely traded gold bullion coins. But what makes them so appealing?

As Covid-19 continues to affect every aspect of the global economy, fears of recession have resulted in cautious investment decisions. In a bid to avoid becoming victims of the current market volatility, investors have now turned to safe-haven assets to relieve the pressure and contain risk. With many industries taking massive hits, one sector is thriving amid the crisis: gold trading.

Fears of a second wave of coronavirus cases caused stock markets to fall last week, causing gold prices to gain in all major currencies.

A single ounce of gold currently sells for over £1300. However, looking at it subjectively, at first glance gold does not seem to have any intrinsic value other than the one that us humans have attached to it. So, what is it that makes gold so valuable? In this blog we’ll look at the uses and history of the magic metal, and what makes it the ultimate form of wealth.

Firstly, we would like to take the opportunity to thank you for your continued support during the last few weeks. All of us at Atkinsons understand the size of the decision it is when you choose to place your order with us rather than our competitors. It is very much appreciated and as most of you will realise, the team do everything, every day, in their power to make all transactions go as smoothly as possible.

Gold and silver have both rocketed over the last week as we have begun to see the damage done to the global economy due to the coronavirus crisis. The prices of precious metals are on the rise as investors seek safe havens to protect their future wealth.

A question we are very often asked is ‘Are gold prices going to go up or down?’. Well, the answer to that is we don’t know. We wish we had a crystal ball and could see into the future of ever-fluctuating gold prices. However, there are a few factors we can look to that can give us an idea into the direction that gold may be taking.

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