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

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  • bery_451
    bery_451 Posts: 1,897 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Okay I can see markets are recovering on the bases of hoping lock-down restrictions are lifted and everything is back to normal by June.

    However... Governments are saying there might be a 2nd wave of the virus later this year or next year. Will we experience another crash like we had in march when 2nd wave hits?

    Some countries have eased lock-down but eased doesn't mean back to normal. Eased means there are still some restrictions in place. How will this affect markets and economy, is it in a volatile way? Also eased down lock-downs mean more people will get together and governments will say virus cases have gone back up relating to the 1st wave of the virus and proper lockdown will be re-introduced. Will markets and economy have a crash from this?

    Also does shutting down businesses in lockdown and businesses re-opening in ease lockdown and shutting down again in 2nd lockdown on 2nd wave of the virus. What kind of damage this can do to a business or company where its open and closed for long durations during the year? Will companies increases prices to make up losses during the shutdown periods?

    Government will say the only way to end these type of disruptions is a vaccine. Only after a vaccine then we will see a proper recovery of the markets right?

    Whats your take on this? I have a feeling it wont be simply a U or V shape recovery. Its gonna be volatile like M or W until a vaccine right? If theres no vaccine and theres a 2nd wave then it will be L game over for the markets.

    Gold of course will still go up as always.

    I remember oil has crashed to -$37 last month. That means if I took my car to a petrol station and filled it with a barrel of fuel at the same time/date when that crashed happened in the oil markets charts then that petrol station owes me $37!!!
  • Sailtheworld
    Sailtheworld Posts: 1,551 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    DiggerUK said:
    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..._
    The market is made up of humans.
  • coyrls
    coyrls Posts: 2,509 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Gold of course will still go up as always.
    Really?
  • bery_451
    bery_451 Posts: 1,897 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    coyrls said:
    Gold of course will still go up as always.
    Really?
    Im seeing Bitcoin rallying in price. Gold and Bitcoin look like strong markets in times like these. I wonder why?
  • bery_451
    bery_451 Posts: 1,897 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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).
    By definition what does the word 'Intrinsic' mean when you say nothing has intrinsic value? So shiny beautiful diamonds or Gems mined deep in earth are worthless because they have no intrinsic value? I can walk down the street wearing the king's or queen's shiny gold crown with beautiful diamonds on it and this will not attract thieves/robbers cause they will see it as ugly and worthless cause theres no intrinsic value to it? Maybe its intrinsic to blind people.

  • bery_451
    bery_451 Posts: 1,897 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    This is what I think will happen within the next year or two, give or take global economy wise so hopefully help with your decisions:

    - Chinese Cashless Crypto Curreny Yuan, will be claimed by chinese govt. to be backed by gold because china has been buying and hoarding a lot of gold recently and the world will be more interested in this Yuan as a world reserve currency replacing the losing $dollar as world reserve currency but truth is not really backed by gold.

    - UK Brexit will happen end of this year, the Euro currency is currently the 2nd most popular world currency after current world reserve currency $dollar but when brexit happens the EU will struggle and the Euro currency will collapse starting in Germany sending shockwaves across europe. This will definitely promote the Chinese Yuan as new winner World reserve currency after failing Euro and $Dollar.

    -  Currently Hong Kong Riots are happening because china wants to claim Hong Kong back as main mainland of china but the British saying China cant claim it until 2047. China wont wait till 2047 and want hong kong back now. China will be global no.1 super power once Yuan becomes world reserve currency and so will by force take hong kong before 2047. Once that happens Hong Kong dollars will be replaced by chinese Yuan. This will more likely get Britain and USA agitated that can lead to World War 3.

    - Have you guys noticed Terrorism that flooded the news daily has suddenly vanished from tv news. Its like the terrorists are on this virus lockdown too that doesnt make sense. This indicates that the virus have made terrorism redundant and the virus will be the new long term fear tool on the tv news replacing terrorism. This indicates this Virus will be long term lasting years or even decades like terrorism did. So things wont get back to Pre-Pandemic Feb 2020 normal soon.

    Remember Pre-Pandemic Feb 2020 Normal and the New so called current Normal are 2 totally different things. Can global markets reach new All Time Highs without continued govt. bailouts and under this 'New Normal'?
  • Sailtheworld
    Sailtheworld Posts: 1,551 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    bery_451 said:
    Can global markets reach new All Time Highs without continued govt. bailouts and under this 'New Normal'?
    Yes, why not? Seems unlikely today's the day when humankind ceases solving problems in the pursuit of progress.

    Google any year you like and you'll find plenty of material for an end of days / this time it's different list.


  • The markets are only being inflated by QE at the moment. I don't see that holding much further than into the autumn.
  • Looking to buy some physical silver, and gift it to my child for their 21st birthday. I am U.K. based, never done this before, so looking for advice on how I can buy ? 
    Cheers folks :)
  • Use a large bullion dealer like Atkinsons. They will deliver the coins by insured post. 
    Do check the VAT position on silver. Due to VAT on most physical silver, you might be better off buying gold sovereigns where there is no VAT or capital gains liability.
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