Atkinsons Bullion & Coins

I know in these blogs I often mention exchange rates and the effects they have on the price of gold and silver, our favourite precious metals. Well, once again - and with even more emphasis - I would draw your attention to the quickly changing rate of GBP/USD.

The first ever one-ounce bullion coin was produced, in gold, by the South Africans in 1967. The Krugerrand was born. Since then, the Krugerrand has gone on to be the world’s best-selling gold coin of all time. More popular in some countries than others, it has however maintained its top place in any conversation about methods of investing in physical gold bullion. Before this you could only buy a one-ounce gold bar. No round version of a one-ounce gold coin existed.

We are often asked about the future. Something we don’t have any more idea about than the next man. Often a client’s first question is, “What’s going to happen to the price of gold and silver?”

The latest Brexit rumours seem to involve the Government stockpiling medicines just in case we get a NO Deal Brexit and we fall unceremoniously out of the EU, and all the regulations and customs applications which go with it. The truth is, we will never know unless someone in the Government were to confirm this. There’s not much chance of that, as this would be a major signal to start all us members of the public thinking about what we could stockpile for that “just in case” moment?

Coins or Bars? This is a frequently asked question of us, particularly by new clients who have little or no experience of which product they should buy. There is a balanced argument for either coins or bars, but we shall try here to lay out some of the factors that can influence your decisions.

All of the coins below are or have been available on our website. Can you see the subliminal message?

It may have come to your attention in these parts that I like to take the contrarian view of things most of the time. No, I don’t think the world is flat, but I do think there may a better way of doings things sometimes than the way everyone seems to proceed.

To the sound of “Engerland, Engerland” we all returned to work this morning in the full knowledge that the England world cup team are world champions. Oh, what do you mean they are not? Oh, it was that famous and fabulously talented team from Panama that they defeated yesterday by 6-1. So, Belgium, Brazil, (probably not Argentina), Germany, and France still to come eh? Well that puts a slightly different aspect on things…

The first word that usually comes to mind when thinking of gold is ‘valuable’. Looking at it subjectively, other than looking pretty, gold seemingly has no utility. Gold doesn’t produce earnings or dividends, it has no intrinsic value other than the value that us humans have attached to it. And yet a single ounce of gold currently sells for almost £1000. So, what is it that makes gold so valuable?

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