If Silver spot price is Ā£11 per oz, why does it cost Ā£18 per oz to buy?
Spot price doesnt account for costs of acquiring and manufacturing
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Maybe also because people have been panic buying physical gold and silver and lack of liquidity from the big guys put sell pressure on liquidating gold and silver (paper) assets.
This episode (released today) of MacroVoices has a great explanation of the diff in price between paper and physical precious metals, definitely worth a listen:
Also good if you want to hear a bullish view on precious metals 
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Thanks, that was a good listen (despite the somewhat theatrical host).
Itās easy to fall down this whole Paper vs. Physical rabbit hole, but Jeff Christian made a pretty convincing case for debunking the usual arguments against paper product that you come across.
Personally, Iām not going to pay 10% premium for some shiny coins that Iām too scared to have in my flat, but itās made me feel a bit happier with holding the iShares ETC on Freetrade. Definitely feels like goldās time is coming upā¦
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Letās also not forget the disgusting spread on physical gold that youāll have to take when it comes to selling.
Having said that, some physical gold ETC or option that is held offshore seems to work out for me too. A lil bit of physical juuust in case you need to buy some bread when the zombies approach might be handy tho :pp
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Very theatrical indeed, itās a good podcast to hear some counterarguments vs all the conspiracy theories surrounding gold manipulation. Truth is probably somewhere in between
This is also an interesting book from a former Rothschild exec about the rigged monetary system and goldās role (Gold Wars):
https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.466.9805&rep=rep1&type=pdf
Itās more on the conspiracy side but has a lot of good info to scroll through
just buy as it allows physical delivery The Royal Mint Physical Gold ETC Securities (RMAU) is designed to offer investors an effective way to access the gold market as it tracks the spot price of physical gold.
It is the first financial product to be sponsored by The Royal Mint and the first gold ETC custodied with a European Sovereign Mint.
The ETC is backed by London Bullion Market Association (LBMA) Good Delivery bars held on a segregated basis. The gold will be stored and guarded in The Royal Mintās highly secure vault in Llantrisant, Cardiff.
@heccy, does RMAU allow you to actually exchange your investment for gold by going to their vault in Cardiff?
That seems suprising.
Also, that might not work with FT investments as I think FT is the nominated owner of those āsharesā on our behalf.
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The only viable methods of buying gold that I found at Christmas, were bullion vault, and Glint.
Bullionvault allows you to hold gold in a vault. The issue is, you can only buy what someone else in the vault happens to be selling. So if it happens to be a Ā£40k gold bar, then that is somewhat inflexible. Of course when you come to sell, you can only sell at what someone else on the exchange is prepared to pay. You will not necessarily get what you see on a chart of troy ounces!
Glint allowed you to have you money backed by gold. The issue being, that you are trusting them to back your money with gold. But it is a lot more flexible than just buying a chunk of gold.
The stock market so so volatile and interesting at the moment, that I have not bothered to go with gold. I see more downside than upside now. The economy can only get better really.
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Absolutely, we are potentially facing an economic catastrophe and it would be wise to pick your stocks wisely and having gold will prove to be beneficial, I hold physical and I will start investing in some gold ETF
Please vote over here for these two stocks to be added to Freetrade.
Heya,
Iām interested to get a sense of where you feel the gold price is going now that itās broken below $1,700. I donāt really understand why that price point is important but some people whoās opinions I respect seem to think it is.
This is probably an over simplification but:
On the one hand I see the growing geopolitical tension and high inflation rates as factors that should support a high gold price. On the other interest rate rises should be working to depress the price.
It looks like the interest rate rises are currently winning.
I donāt hold any gold directly, all of my exposure it through junior minors. At the moment theyāre being hit by a combination of decreasing gold price and high energy costs 
long term precious metals should increase in value as there is a finite supply
i would prefer to own the physical gold coin/bar/necklace rather than the company that mines it as it is an expensive business; although i would consider investing in a gold streaming/royalty company that funds them
Ā£1000 of gold bought in the 1970s would now be worth just under Ā£100K, i guess thatās equivalent to finding a 100-bagger stock. hindsight is great 
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UK Gold coins are CGT and VAT exempt too as they are legal tender
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But you will pay a premium over the spot price of the gold to have ownership
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What is happening is cash will get you significantly less 30 years from today and be worth significantly less.
Money will be printed constantly yet the medias coverage of the money printing will be more & more silenced, to hide from the average person how much of an extent that printing is going on.
ā¦and nothing has changed, there is still no financial crisis for the rich so all that land and cottage lifestyle and true to nature living is still growingly out of reach far beyond any imagination. You want that property a 10 minute walk from your central London workplace, not even a chance.
There just never seems to ever be a financial crisis for the rich? Because 90% of what they own are either hard assets or resources ingrained in global usage. The stock market could disappear overnight, you still wouldnāt be able to get their land, gold, property or valuable business relationships.
That Ā£65Billion could have been announced to upgrade every UK school on par with the best there could be, providing expertise access for all young people to pursue all the talents possibleā¦ yet it kinda went to protecting the wealthy defined benefit pensionsā¦ or whatever.
Either way, there is no good news announced because they do not want you to have access to their privileges - fact. Otherwise it would have already happened.
The stock market can stay irrational longer than you can get richā¦
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