Atkinsons Bullion & Coins

There is much uncertainty in the global economy at the moment. Falling stock markets, the conflict between Italy and the European Union, the struggles with Brexit, and the ongoing aggressive policies in the USA seem to be supporting demand for gold as a safe-haven.

The gold price looks to have leapt back up after last Wednesday’s dip down to below £900, but the question going into this week is: Can gold hold?

An excellent article by Joanne Hart in one of the Sunday papers grabbed my attention this weekend as it suggested that there are another 13 Billion reasons to own gold.

“Autumn carries more gold in its pocket than all the other seasons.” - Jim Bishop Today is October 1st, & Autumn is most definitely in the air, or ‘fall’ as our American friends like to call it, but the golden autumn leaves are not the only thing that appear to be ‘falling’ at the moment: our other friend, gold, has been heading downwards over the last few months.

Every now and again we see some things that worry us more than normal or alert us to the fact that things are not as they should be. It gives us occasion to euphemistically “raise the Red Flag”. This is not in reverence to Labour leader Jeremy Corbyn and his Liverpool Conference, just that a red flag seems to indicate a warning is needed.

The South African Krugerrand coin is one of the world’s most prestigious and actively traded gold bullion coins, and recently the South African Mint begun manufacturing a silver version of the coin. But what do you know about this iconic coin?

We’ve read reports that last week, crews reportedly preparing to demolish a theatre in Italy, quite literally struck gold!

The US Dollar held firm this week, and the gold price stood steady, even after the US & Canada negotiations reached an impasse causing concern about the future of global trade.

This week has seen a major change in the outlook for March of next year. It is unusual at this point, some seven months out, to be able to point that far forward and to such a particular date. However, with the announcement from HM Government that there are papers issued with recommendations for a “No Deal Brexit” we must look forward and try and see what sort of affect this may have on the price direction of precious metals.

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