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Where to buy physical Gold/Silver Bullion at Market price?
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Yes they are considered 'currency' so no VAT to pay. However you will have to store them somewhere safe and insure and also think about how you would sell. I prefer ETFs and BullionVault but no solution is perfect.
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John_ said:The idea that the price of gold is stable because an ounce of gold is always worth an ounce of gold is perhaps the stupidest thing that I’ve ever seen posted on here.
Why do people pumping gold as an investment always go down the road of dishonesty when questioned?The decline of fiat currencies vs gold over 50 years:That's why an ounce of gold is still an ounce of gold unlike your 2020 dollar which is maybe only 5% of its 1970 dollar.
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EdGasketTheSecond said:Right now, considering the economic situation, everything else is in an inflated bubble compared to gold and silver. Gold and silver maintain their value over thousands of years, it is not just a 'belief' that they do by some people as the previous poster suggests.Gold may hold its value over thousands of years, though that could be argued as it is difficult to compare the Iron Age to now. What do you value gold against to check that it does retain its value?However, more to the point I doubt I will be around for thousands of years. More important for investors is what will hold its value over a few decades at most. From the graphs, gold looks no more reliable than a balanced portfolio of shares or even for some extended periods, cash. The figures for November 1979-November 2005 show a fairly constant gold value in £ terms with 2 30% falls in the meantime. During this period the BoE inflation calculator shows that prices trebled.0
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EdGasketTheSecond said:John_ said:The idea that the price of gold is stable because an ounce of gold is always worth an ounce of gold is perhaps the stupidest thing that I’ve ever seen posted on here.
Why do people pumping gold as an investment always go down the road of dishonesty when questioned?The decline of fiat currencies vs gold over 50 years:That's why an ounce of gold is still an ounce of gold unlike your 2020 dollar which is maybe only 5% of its 1970 dollar.
But no sensible person would hold cash for 50 years. I cannot find share data back that far, but since 1986 gold has increased in value in £ terms by 5 times, the FTSE100 by 13 times.
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Linton said
But no sensible person would hold cash for 50 years. I cannot find share data back that far, but since 1986 gold has increased in value in £ terms by 5 times, the FTSE100 by 13 times.
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EdGasketTheSecond said:Linton saidBut no sensible person would hold cash for 50 years. I cannot find share data back that far, but since 1986 gold has increased in value in £ terms by 5 times, the FTSE100 by 13 times.5
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No, I said it maintained it's value relative to fiat currencies which grossly devalue over time. Whether it will outperform the stockmarkets or not remains to be seen. In an inflationary scenario, both will rise but if trust is lost in fiat currencies then gold will outperform stocks by a long way.
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EdGasketTheSecond said:. In an inflationary scenario, both will rise but if trust is lost in fiat currencies then gold will outperform stocks by a long way.1
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My stuff has been around longer than your stuff; but let's see in a year's time shall we?
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EdGasketTheSecond said:My stuff has been around longer than your stuff; but let's see in a year's time shall we?
Yes, I suppose we will see in a years time whether trust has been lost in currencies and we are all paying for things with gold.3
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