Atkinsons Bullion & Coins
0
Back to Home

News

The last couple of weeks have seen gold smash through the ceiling, bypassing its highest ever price and skyrocketing upwards. The early hours of this morning saw the price break £1,249 – so what is the reason for these heights, and will they hold?

Tonight, on Thursday 1st August, the gold price in GBP has broken through to reach its highest ever recorded gold price on record. As I write this, new heights never seen before have been reached tonight. There is so much to say on the matter, but it is only right that in these circumstances I give you my own personal opinions. This is in no way to influence you on how you should act, as we are not investment advisors, but we can reflect the market position and its history so far.

There are may reasons as to why people decide to invest their money in assets such as gold, shares, property and jewellery, as investing in assets like these can help to grow and protect for the future. Which asset you decide to invest in depends on what you want to gain from the investment itself, as each offer their own unique benefits and drawbacks. In this article we’ll be looking at the pros and cons of investing in diamonds versus gold.

Gold hit its highest level in six years last week, as the price soared to $1,452 (£1,157) on Thursday. Gold prices also gained today after a small fall over the weekend, after tensions in the Middle East and weak financial markets.

Gold seemed to be on a bit of a rollercoaster ride last week, starting off at just over £1,100 on Monday and then then rising by 3.6%, hitting an 8-year high of £1,140 during Wednesday. It then saw a fall at the end of the week, landing at £1,118 over the weekend. So, with all these ups and downs, in such a short period of time, where will it take us next?

The gold price has been soaring lately, but the gold-silver ration has also seen a huge rise – currently sitting at an incredible 91-1. This climb is the highest price of gold relative to silver for more than a quarter of a century. Could this mean silver's day is coming?

Investors have gold fever and the yellow metal is soaring. Gold hit £1,107 this morning, a height unseen since October 2012. So, what is the reason for the sudden rise in the gold price, and most importantly, will it continue?

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.