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

11617182022

Comments

  • Linton
    Linton Posts: 18,195 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    edited 27 September 2022 at 6:28PM
    bery_451 said:
    Prism said:
    bery_451 said:
    We officially entered Recession Bank of England says.

    Government can only get money income via 2 ways: taxes or the money printer at the bank of England ready to lend to the govt. at the cost of higher inflation continued more higher prices and possibly brace for hyperinflation.


     


    Thats not the case at all. The government borrows money from the banks and markets. The BoE doesn't need to be involved and doesn't need to create more money. In fact they are starting to reduce the money supply.
    UK bond prices are crashing because normal banks and the markets are not buying them, they see it as high risk hence the higher interest rate yield for these UK bonds. Higher yield implies higher risk. People with bad credit history get credit offered to them but at a higher risk interest rate.

    So only the bank of england is left to buy these UK bonds via their money printer.
    There are large numbers of forced buyers of UK gilts.  For example pension and insurance ciompanies who need to hold large amounts of near-to-cash to pay future £ liabilities.

    Gilt prices are not crashing.  At the moment interest rates are still below historically normal values.  They are similar to the interest rates in the periond just prior to the 2008 crash
  • Type_45
    Type_45 Posts: 1,723 Forumite
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    edited 27 September 2022 at 9:03PM
    Stocks are down -25% YTD.

    SGLN is up +12% YTD.
  • Type_45 said:
    Stocks are down -25% YTD.

    SGLN is up +12% YTD.

    Only when you manipulate the currency conversions to meet your sensationalist goals
  • masonic
    masonic Posts: 27,361 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 27 September 2022 at 9:16PM
    Type_45 said:
    Stocks are down -25% YTD.

    SGLN is up +12% YTD.
    You're measuring one in dollars and the other in an emerging market currency (GBP). Everything looks good in a rapidly devaluing currency. Gold is down -6.4% YTD in the same currency as stocks. Or as the gold purists would have it, the value of gold is constant, the dollar is rising in value and stocks are falling in value.
    VWRA (USD) -20% YTD / PHAU -6.45%
    VWRP (GBP) +0.6% YTD / SGLN +12%
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    FTSE 100 is down -7% YTD.

    SGLN is up +12% YTD.
  • masonic
    masonic Posts: 27,361 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Type_45 said:
    FTSE 100 is down -7% YTD.

    SGLN is up +12% YTD.
    FTSE 100 up +3.3% YTD
    SGLN up +12% YTD
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    masonic said:
    Type_45 said:
    FTSE 100 is down -7% YTD.

    SGLN is up +12% YTD.
    FTSE 100 up +3.3% YTD
    SGLN up +12% YTD



    YTD = Since January of the present year.
  • masonic
    masonic Posts: 27,361 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Type_45 said:
    masonic said:
    Type_45 said:
    FTSE 100 is down -7% YTD.

    SGLN is up +12% YTD.
    FTSE 100 up +3.3% YTD
    SGLN up +12% YTD



    YTD = Since January of the present year.
    It's getting late...

    FTSE 100 down -2% YTD
    SGLN up +12% YTD
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    One of us is looking at duff data. Because this is what I'm looking at:



  • masonic
    masonic Posts: 27,361 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Type_45 said:
    One of us is looking at duff data. Because this is what I'm looking at:



    Here's your clue:
    FTSE100 yield 4.2%
    SGLN yield 0%
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