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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.
  • 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.

  • Linton
    Linton Posts: 18,185 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    edited 31 March 2020 at 1:04PM
    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.
  • Linton
    Linton Posts: 18,185 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    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.
  • 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.
    Which just goes to show that the FTSE and especially the DOW are in an inflated bubble compared to gold and there will be a rebalancing.

  • 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.
  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    edited 31 March 2020 at 5:48PM
    . In an inflationary scenario, both will rise but if trust is lost in fiat currencies then gold will outperform stocks by a long way.
    You haven't given any kind of compelling reason why trust would be lost in fiat currencies or why it would be better to own a piece of metal than a business producing goods and services if you wanted to become prosperous. Yours is is the stuff of fantasy.
  • My stuff has been around longer than your stuff; but let's see in a year's time shall we?
  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    EdGasketTheSecond said:
    My stuff has been around longer than your stuff; but let's see in a year's time shall we?
    Yes, gold has existed in the earth's crust longer than people have been engaging in commercial activity. It's been around longer than microchips, space flight, the internet and biotechnology. I don't know that it's the stuff of the future. It's maybe more for people who believe the origin of the species as told in the Bible rather than by Darwin's successors.

    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. 
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