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

port_of_spain

bery_451 said:

However I noticed the mainstream media otherwise promote their official narrative as suggesting its the truth to the public when the mainstream media like bbc news, itv news etc. should present their findings in a way that the suggestion should be that let the viewers decide whether its truth or BS instead of imposing their findings by so called journalists as truth/belief on the public.

On some issues, the mainstream media have unhelpful biases.

On others, they have tried to be even-handed where it is misleading to do so, e.g. between climate science and climate science deniers. Crank theories shouldn't be given the same respect as scientific consensus.

I do know as a fact that Gold has been around for 1000s of years and fiat paper money does not have that long reliable established record. This is a fact that cannot be debated.

Well, you're wrong there. The earliest recorded evidence of money and debt, from Mesopotamia around 3000 BC, tells us about a monetary system which wasn't backed by metal. (If you wanted to be pedantic, you could say that the records were on stone tablets, not paper, so it wasn't literally paper money.)

I recommend you, too, to read David Graeber excellent book, Debt: the first 5000 years. (And no, I'm not David Graeber )

Also the Government wants a cashless society as they say cash spreads viruses so I wont be surprised if the Government come up soon with a Centralised Digital National £ Crypto Currency similar to Bitcoin where the public can redeem their paper cash for the digital version. I dont think this digital version of the £pound will be backed by gold/silver either.

Crypto currency is irrelevant to the pound. Bitcoin was designed to be a currency without any central authority; the pound is the currency controlled by the UK.

We already have cashless pounds, though they're not compulsory. I usually like paying cash, but I've started paying with a debit card (contactless if possible) in shops over the last few weeks. (I may go back to cash when this is over.) That is a cashless payment system, already working. (You can redeem your cash for the digital version by depositing it in a bank account.)

port_of_spain

George_Michael said:

Gold has "been around" on earth for about 4.35 billion years (give or take a few million).

Yes, but it hasn't been used as currency for most of that time.

John_

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.

No, they really don’t, and you asserting it doesn’t change the facts. It certainly keeps its shininess, it’s malleability, conductivity, and mass, but none of these are generally the reason that people claim that gold has value.

What’s a bit bizarre here is they you look at a time when all assets are inflated, yet assert that for gold that’s a good thing but for everything else it’s bad. You aren’t being consistent, either through dishonesty or just not realising that you are doing it.

John_

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.

That makes no sense at all, so much so that I wonder if you are just trolling now.

If you want to add cash as an asset class then you need to account for the interest that it would earn.

Are you being this dishonest on purpose, or do you really not realise how disingenuous you are being?

John_

George_Michael said:

bery_451 said:

I do know as a fact that Gold has been around for 1000s of years and fiat paper money does not have that long reliable established record. This is a fact that cannot be debated.

1000s of years?
Gold has "been around" on earth for about 4.35 billion years (give or take a few million).

And of course, every atom of gold on Earth was formed in a supernova of a previous generations of stars, as was every atom above Iron 56.

I do still like the idea of having a few kg of gold as a paperweight, it has a nice heft, but like pretty much everyone else who makes their money in finance, I’m not about to be taken in by the strange ideas of the odd amateur on the web who thinks they know more than the professionals.

DiggerUK

Calm down dears, gold is a lump of lifeless, soulless, brainless, elemental metal.
Why gold bugs try to emulate such an object is beyond me..._

EdGasketTheSecond

John_ said:

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.

That makes no sense at all, so much so that I wonder if you are just trolling now.

If you want to add cash as an asset class then you need to account for the interest that it would earn.

Are you being this dishonest on purpose, or do you really not realise how disingenuous you are being?

You can see that since currencies came off the gold standard and became pure fiat, they have done nothing but devalue. If you want to include your 0.1% bank interest, feel free.

snowqueen555

DiggerUK said:

Calm down dears, gold is a lump of lifeless, soulless, brainless, elemental metal.
Why gold bugs try to emulate such an object is beyond me..._

Doesn't really matter what anything is made of, but what we assign a value to, whether that is cash or not.

DiggerUK

"Doesn't really matter what anything is made of, but what we assign a value to, whether that is cash or not"

Humans don't decide what something is worth, it is not a 'mind over matter' issue. The market decides what an item is worth. Can't buck the market..._

snowqueen555

DiggerUK said:

"Doesn't really matter what anything is made of, but what we assign a value to, whether that is cash or not"

Humans don't decide what something is worth, it is not a 'mind over matter' issue. The market decides what an item is worth. Can't buck the market..._

Nothing has intrinsic value, that is what I am saying, doesn't matter if it is gold, cash or seashells, the value is derived from what we assign it, whether that is a market, or a group of people. Gold happens to have a long history ingrained in all cultures as something of value. Unlike cash which can in a rare occasion become worthless, gold tends to retain some value (unless someone can correct me).