Atkinsons Bullion & Coins

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.

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.

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