Where to buy physical Gold/Silver Bullion at Market price?

coyrls

Your graph is not the loss of purchasing power compared to gold, it is a graph showing the effect of inflation on currencies.  The purchasing power of gold is equivalent to the price of gold and that has been far from stable, taking inflation into account, as the graph that I posted previously shows.

EdGasketTheSecond

OK so what do you think causes inflation? Hint: Maybe it's the gov'ts creating money out of thin air which has just gone exponential. Can they create gold out of thin air? I don't think so.

coyrls

But the title of the graph is "loss of purchasing power measured in gold", which makes no sense.  It is in fact a graph that shows the effect of inflation on various currencies, nothing to do with gold.  What I think causes inflation is not relevant.

Thrugelmir

EdGasketTheSecond said:

OK so what do you think causes inflation? Hint: Maybe it's the gov'ts creating money out of thin air which has just gone exponential. Can they create gold out of thin air? I don't think so.

What causes deflation? 

EdGasketTheSecond

Thrugelmir said:

EdGasketTheSecond said:

OK so what do you think causes inflation? Hint: Maybe it's the gov'ts creating money out of thin air which has just gone exponential. Can they create gold out of thin air? I don't think so.

What causes deflation? 

Overall a decrease of money supply but short term can simply be a lack of spending by the general public.

"There have been no sustained declines in the quantity of money in the past six decades. The United States has experienced three major price inflations since 1914, and each has been preceded and accompanied by a corresponding increase in the rate of growth of the money supply: 1914–1920, 1939–1948, and 1967–1980."

DiggerUK

EdGasketTheSecond said:

Thrugelmir said:

What causes deflation? 

Overall a decrease of money supply but short term can simply be a lack of spending by the general public. ...........

That's only half the story. Overproduction and reducing the costs of production have a major effect on consumer price deflation. Trade wars were ever thus.
QE is not an increase of money in general circulation. I do agree with the talking heads who blame the inflated price of assets on QE however. But QE does not cause consumer price inflation.
I do believe that this government is an end of austerity regime, it will probably cause major rifts in the Tory party, but that's for another thread. This government in common with other major governments seems to want to get money directly in to people's spending wallets. It may be formalised as a Universal Income type scheme, or ad hoc payments such as we are seeing in the US......now that will end up as inflationary to one degree or another.._

bery_451

From the summary of the posts in this thread theres always seem to be a debate like for example left wing vs right wing, liberal vs conservative, labour party politicians vs conservative party politicians both presenting their arguments but who is to judge?

So its up to the viewers/readers to research themselves to come to their conclusions/judgement on whether:

- They have long term faith in their pieces of paper (plastic now) that shows the queens head that is printed out of thin air by private central banks and treasuries. Question to ask yourself is if your central bank decides to print out a single £1million pound note that says million on it and lets say they decide to print just 66 million of these notes and everyone in this country gets this £million note then that means everyone in a country is a millionaire even the babies lol. Ask yourself what happens to your economy then? Will poundland still be called poundland or change their name to millionpoundland?

Or

- Shiny precious metals that have not been printed out of nothing and instead have been mined out of the undergrounds that takes effort/resources and work time which stood the test of time in value for 1000s of years.

DiggerUK

bery_451, your thread has attracted some interesting posts, apart from yours. You seem to enjoy throwing a party but do not like to grace the dance floor, you don't even seem to be  that interested in dancing around your handbag.
I am however enjoying meeting your guests, and am happy to remain and enjoy talking with them. Unless you want me to leave which I shall do with good grace.

Have you actually bought any gold, just asking..._

shaun_from_Africa

Jimmithecat said:

https://www.royalmintbullion.com/Products/Sovereign/Gold/UKB20SVC

Would these be a good buy?

EdGasketTheSecond said:

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.

Being classed as currency has no effect on the VAT rating for coins. 
If coinage is classed as UK legal tender then it becomes exempt from capital gains tax and any gold classed as "investment gold" (both coins and bars) is free of VAT.

ronaldadio

I've looked at the pros & cons of buying physical gold.
So what I'm after is a place to buy the actual gold - just small amounts that I know are genuine, but at a good price - small bars.
How do I know the gold is 'real' gold - lots advertised on the likes of ebay and online site.
Any thoughts for a novice buying little keepsakes for Grandchildren?