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Gold vs Paper Money – Which can we Trust More?

Gold versus Paper Money

It’s an interesting question, which do you trust more? We investigate gold and paper money in this article.

A brief look at fiat money

Fiat money is a currency, which includes coins and banknotes that are considered to be legal tender from any government. The term ‘legal tender’ basically implies that a government of a nation will fulfil a promise to pay the bearer of a bank note the exact sum of the amount of money represented by the note. So, it’s like a certificate. The concept actually came from a time in history when the bearer of a bank note could be paid an equivalent amount of a precious metal, which was normally silver or gold. The government decree authorising this move was called a ‘fiat’, hence the name. In fact, fiat money has been around as early as the American War of Independence, which dates back to 1775.

The end of the gold standard

Interestingly, due to a shortage of gold and silver at the time, the earliest forms of paper currency in the US was backed by real estate and tobacco. Tobacco warehouse receipts were issued as promissory notes, authorising the bearer to have a claim on the exact amount of tobacco. Later the colonial governments discontinued this practice and switched to backing the currency with land. Although fiat currencies gained popularity worldwide throughout the 19th and 20th centuries, in August 1971, the US government discontinued the gold standard and terminated the post-war Bretton Woods system, which maintained the position of the US dollar as an international reserve currency, which was backed by gold with a fixed price of $35 an ounce. By then, it had become impractical to justify a fixed price for gold as a commodity that was being traded actively in a vibrant global market.

Gold vs Paper Money
As more paper currency is printed, inflation erodes its value

The problem with fiat currencies

So, we can see that the very reason the gold standard was abolished was a growing lack of confidence in the US dollar. The balance of payments in the US deteriorated heavily, along with the US share of global output, as emerging economies prospered. The US would not have been able to make good their gold payments to uphold an already inflated dollar.


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Stability and inflation have always been an issue with fiat currencies. Today, currencies are traded in forex markets around the world and the dollar’s demand is upheld by its parity to oil. The dollar has made a good recovery in the last couple of months on the back of better interest rates announced by the FED and news of a recovering US economy. As the price of the dollar rises, Asian and African economies who need to buy the dollar at a higher rate to buy fuel, have been plunged into crisis. The price of petrol has gone up dramatically in these nations, pushing the entire cost of living up, through a knock-on effect. Paper currencies now buy far less in these parts of the world than it used to.

In our YouTube video, we discuss the importance of “Gold investment as part of a balanced investment portfolio”

Gold maintains its stability

Fluctuating interest rates across global economies, PHYS01_Animated_Gif_2_MPUcoupled with inflation are leading concerns for the stability of paper currencies worldwide. In a recent case of hyperinflation, Venezuela’s currency, the Bolivar has become so devalued that paper bags are being made out of it for tourists. In the case of gold, this can never happen. The precious metal has been a global commodity that locks in tremendous value for thousands of years. Whenever the threat of inflation and economic uncertainty looms ahead, we see investors quickly moving to gold to safeguard their interests.

Talk to our gold experts to know more about buying gold

At Physical gold, our precious metal experts conduct extensive research about how gold is performing across the world. They are able to advise you on how to build a robust portfolio of gold and avoid becoming a victim of inflation through investments in cash. Call us today on 020 7060 9992 or send us a message online, and a member of our team will be in touch with you right away to discuss your investment goals.

Image credit: Pixabay

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The Good, the Bad and the Ugly of Gold and Silver Investment

Gold and Silver Investment

All fans of the old spaghetti-style western movies would remember the film – “The good, the bad, and the ugly”. Speculative investors often invest in a typical cowboy style without understanding the dynamics of the market. In a world where online gold dealers are becoming increasingly popular, savvy investors need to be aware of the pitfalls of this market. In this article, we will explore the pros and cons of gold and silver investing and also look at a few novice pitfalls could leave your investment stranded, if you’re not careful.

Good aspects about gold and silver investing

The Internet and the information age has created transparency across the globe when it comes to gold and silver prices. It doesn’t matter whether you’re based out of Honolulu or Hokkaido, spot prices of gold and silver are easily available for all investors to browse before buying or selling. There are plenty of reputed online gold dealers who would guarantee your purchases and industry bodies like the LBMA or the BNTA are regulating the market at all times. This creates a level playing field for all investors to be able to invest their money safely.

Gold and Silver Investment
Physical gold is an investment that stands the test of time

For investors in the UK, the London bullion market has created a system by which all gold bars in their system are verifiable, starting with the manufacturer, the assayer through to storage facilities in which the bars are held in LBMA recognised vaults. One thing you need to be aware of as an investor though if the bar is taken out of the system and held privately in your own home, it needs to be re-assayed before it can be put back within the LBMA system. Through these best practices, the gold industry has reduced the risk of counterfeit bars entering the system. In a similar manner, the silver industry is also well regulated, providing investors with a transparent market where their money is safe as long as they’re dealing with registered, reputed brokers and dealers.


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In addition to the above, precious metals like gold and silver are an excellent hedge against economic turmoil and inflation. The prices of gold and silver have remained relatively stable over the years and are not affected by volatility in the way that other asset classes are. All of this makes investments in gold and silver worthwhile in the long run.

Bad points about gold and silver investing

There are downsides to every investment and gold and
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silver have their downsides too. Once an investor purchases gold or silver in its physical form, he/she cannot make an income out of this investment unless the asset is sold. Certain investments in gold and silver are tax-free in the UK, however the same does not apply to the rest of the world. Of course, there are ups and downs in the spot prices of gold and these asset classes cannot be used to make quick money. Investors need to remain invested over the long-term in order to reap benefits from their investments.

Buying gold and silver jewellery is not ideal as making charges and wasted charges are deducted from the sale price. Since the prices of gold and silver do not rise quickly, these deductions could erode whatever returns you have made on your purchase. Another downside of investing in gold and silver is that you need secure storage. It may not be safe to store precious metals inside your home, especially if you have a large amount.

Professional storage solutions are available, for example, Physical Gold stores their client’s purchases in an LBMA approved vault. However, there are costs attached to this and this and needs to be factored into the overall price.

The downright ugly

Trading in the precious metals markets requires you to be a savvy investor and have good knowledge of the market, especially when it comes to identifying genuine gold and silver. While there are accessories available in the market that can help you do that, you do require experience and specialised knowledge to be able to tell whether a bar or a coin is counterfeit. There are plenty of rogue traders out there and that’s the ugly part. Many in investors often fall for the lure of advertising and end up dealing with one of these rogue traders. Needless to say, their purchases are often fake and by the time the end up realising that, the money is all gone.

As a precious metals investor, you need to deal with a reputed online broker at all times. The BNTA website has a full list of registered traders. Physical Gold is proud to be an authorised BNTA trader and has a long track record in the market, with thousands of customers who had a great experience with us.

Don’t fall for the bad and the ugly

Talk to our precious metals experts at Physical Gold today and they will advise you on the best way to invest in gold and silver. Our investment experts take into account your investment goals, your personal profile and your investable capital. They use this information to advise you on the best way to build up a precious metals portfolio at the best prices in the market. Call us today on 020 7060 9992 or get in touch with us online to speak to a member of the team.

Image credits: Pixabay

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Investing in Fractional Gold – Pros and Cons

What is fractional gold?

The term fractional gold refers to coins that have less than one troy ounce of gold in them. Most numismatists will tell you that coin releases undertaken by large mints around the world include sizes that have less than one troy ounce of gold.

When we think about it, it seems like an awfully small amount of gold. So, why should anyone want to invest in fractional gold? Are there any advantages or disadvantages? Why is fractional gold considered to be a hot investment category?

In this article, we will discuss the pros and cons related to buying fractional gold.

Pros of investing in fractional gold

Price

Well, the simplest factor that comes to mind is, of course, the price of the gold. Needless to say, larger and heavier coins are way more expensive. If you’re a numismatist or a hobbyist, you may not want to commit very large sums of money while spending on building your collection. Fractional gold coins allow you to build a collection without breaking the bank.


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Building your own collection

Building your collection from scratch can be an absorbing experience. So, that’s all the more reason why you need to get more bang for the buck. Investing in fractional gold coins will mean that you’re buying your bullion in smaller sizes and can, therefore, acquire more for the same price. If you keep at it, over and over the years, your collection will grow and you could have a formidable gold coin collection.

Investing in Fractional Gold
Fractional coins have less than an ounce of gold

Trading in your gold coins

Many collectors frequently sell a few gold coins for a bit of liquidity and cash flow. Fractional gold coins are ideal for this purpose, as it is possible to trade in them without selling off the more expensive coins from your collection. This is why some collectors like to invest in fractional gold coins.

Easy liquidity

Numismatists all over the world are constantly on the lookout for trading opportunities that can help them acquire better coins for their collections. In terms of liquidity, fractional gold coins are great as they offer good bartering opportunities, which is not always possible with gold coins that contain a higher amount of gold, with a larger value.

Cashing in on the higher demand for gold

As the price of gold rises, the value of your fractional gold coins is also likely to increase. As discussed earlier, fractional gold coins are typically cheaper to buy and so, investors looking to make quick returns from the price of gold would buy these coins when the price of gold falls. Later on, as the price rises, they can cash in these coins and get quick returns.

Investing in Fractional Gold
Many investors like to trade in fractional coins due to its price advantage

Hedging against the risk of economic uncertainty

Gold investors are always looking to hedge their risks in the event of a global economic crash. However, liquidity is also an important factor. In the event of a global economic meltdown, most investors would move to gold and the price of gold would rise swiftly, as it did in 2011. At a time like this, if an investor wants to free up some of their capital, fractional coins are ideal as they can be sold to raise funds for smaller purchases. Selling a large amount of gold is not always ideal as the investor may not want to liquidate large amounts of gold, when not required.

Disadvantages of investing in fractional gold coins

Although it might seem that
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investing in fractional gold coins is a smart idea for investors, these investments also carry certain risks.

Higher mark-up price

As mints produce large amounts of gold coins, their setup cost for manufacturing these are typically more expensive when it comes to producing gold coins that contain less than an ounce of gold. Usually, 1-ounce gold coins are available at the best price. Therefore, fractional gold coins would always have a higher mark-up price when compared to other gold coins produced by the same mint.

Premium prices

Mints often charge mark-up’s that range between 9 to 15% on fractional gold coins. Many investors see this as an undesirable factor, as the mark-up is not recoverable when trading in the coins.

Talk to our gold experts before you buy fractional gold coins

At Physical Gold, our gold experts have many years of experience in being able to advise investors on products that are ideal for building a gold portfolio, while maximising the opportunity to invest at the best possible capital layout. Call us now on 020 7060 9992 or get in touch with us online to speak with a member of our team. We would always be happy to discuss your investment plans with you and advise you on the best products that suit your investment goals, no matter how small your requirement.

 

Image credits: Pexels and Pixabay

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The Do’s and Don’ts of Buying Silver

Do’s and Donts of Buying Silver

With silver predicted to go up to $30 per ounce, many investors are now keen to buy silver. Like any other precious metal, one needs to be abreast of market trends and have some knowledge on buying silver before going about it. There are many forms of silver available in the marketplace, and it is important for investors to know how to assess purity, find the best dealer, be aware of the different sizes available and lastly, know the right price to pay.

Do understand the forms of silver

The most commonly available form is called the bullion bar. These are available in round, triangular and rectangular forms. The rectangular form is often the most popular as it facilitates ease of storage. When buying an investment-grade bar from a reputed dealer, it’s important to note the purity number. This is usually imprinted on the bar and written as .995 or .999. Basically, a bar with a number that says .999 is 99.9% pure silver.

Buying silver and art combined…

Art bars are also available, and these are different from bullion bars as they usually have some kind of artwork with imagery or commemorative signage. Sometimes, these bars are released by mints to commemorate certain historical events. As these are collectables, they are often worth more than their spot price in silver. However, it is important not to get hung up on buying these collectable bars and invest the premium instead of buying bullion bars.

Dos and Donts of Buying Silver
One kilo silver bars are a great investment

Do familiarise yourself with sizes of silver bars

Silver bars come in a variety of different weights and dimensions. Bars are weighed in troy ounces with increments of 1 ounce, 5 ounces, 10 ounces, a kilo, as well as 100 ounces and 1000 ounce bars. It is important to note that while smaller bars give you higher liquidity, they cost more per ounce due to their manufacturing costs.

If you are buying silver to grow your wealth, it is better to buy larger bars and keep them in storage. Bars often come packed in their own shell case you should never remove the bar from its casing. The casing not only protects your bar but also serves as proof that the bar has not been tampered with.


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Do try to get the best price when buying your bar

Bars manufactured by reputed companies come with their brand imprinted on the bar. These bars are usually more expensive to buy, due to brand value and limited editions. If you’re thinking of investing only in silver bars manufactured by reputed global mints or well-known brands, it’s important that you research the brand thoroughly. However, the best deals are often found in generic silver bars available from local manufacturers. As long as you assess their purity and buy them through a reputed dealer, you can get a much better deal on these.

Dos and Donts of Buying Silver
Numismatic rare silver coins often cost much more than their silver value

Do research your coins well before buying them

So far we have discussed silver bars, but an equally attractive investment opportunity lies in silver coins (such as Britannias). However, it’s important to know enough about coins before buying them. Coins are also available as bullion and circulated coins.

Once again, bullion coins are worth their weight in silver, but circulated coins can often command a higher price depending on their rarity and their numismatic value. For example, a rare silver coin from the American Civil War is usually worth 100 times more than its value in silver weight.PHYS01_Animated_Gif_2_MPU

Don’t get fixated on buying new silver bars and coins

The shiny lustre of a brand-new bar or coin can be difficult to resist, but there are better deals to be had on resold silver. At the end of the day, you want to buy your silver as close as possible to the spot price and it’s pointless to spend extra money on a new branded bar or coin. Of course, it is important to verify the purity of the silver you buy, and as long as you trade with a reputed dealer, they would check the authenticity and the purity of the item before selling it to you.

Don’t get fooled into paying more for shipping

Insider's Guide to gold and silverMany dealers advertise their silver coins and bars online at prices that seem like a steal and it’s very tempting to purchase the product immediately. However, many of these dealers often charge you a very high amount for shipping. Basically, they tempt you into buying something that seems like a lower price but then make up their money through the excessive charge that they make for shipping. Always research shipping prices well before cementing a deal.

Don’t purchase your silver on online marketplaces

Online marketplaces like eBay often have great deals on silver but do remember you’re buying something that you cant touch and feel, often from an un-reputed dealer or an individual who is selling them online. The best way to buy silver online is to identify a reputed online dealer and call them first and speak with them before getting the deals. A list of reputed online dealers is available on the BNTA website.

Call or silver experts to know more about buying silver

At Physical Gold, we pride ourselves in being a reputed online dealer, registered with the BNTA. All of our products come with a certificate of authenticity and we also offer a guaranteed buyback on every product that we sell online. We also advise customers free of cost on the best ways to buy silver and practical, cost-effective ways to store them.

Call our hotline now on 020 7060 9992, or contact us online to have a member of the team call you back. We have a proven track record as an online precious metals dealer  (in both gold (bars and coins) and silver) and it is probably the best call you will ever make.

Image credits: Wikimedia Commons and Pixabay

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Why Gold is a Safe Buy in Times of Economic Uncertainty

Economic Uncertainty is here to stay

Economic uncertainty seems to be a given in the times that we live in. Over the last ten years, economic uncertainty across the globe has hit record highs. According to a study conducted by the news network, CNBC in 2016, uncertainty has risen by around 60% in the last five years alone. These figures beat the uncertainty levels of 2008, which we all recognise as the peak of the global recession, spurred on by the US sub-prime mortgage crisis that sounded the death knell for big-ticket investment banks like Lehman Brothers and brought banks like Northern Rock to its knees. The recent spike in uncertainty was exacerbated by events like Brexit, which has had an impact not just in Europe, but across the economies of Asia, Japan, Oceania and the Americas.

The findings of the study revealed that uncertainty went up in the US economy by 19.8% between 2015 and 2016. During the same period, Brazil recorded a spike of 22.6%, China by 83.2%, Australia – 44.6%, France – 28.8% and India – 4.7%. However, the largest increase in uncertainty was recorded in the United Kingdom – 160%.

economic uncertainty
Uncertainty in global stock markets sees investors move their money to gold

How does uncertainty impact the economy?

Back in 1983, Ben Bernanke published a paper that attempted to model the effects of uncertainty on the economy. Bernanke, some you may recall was the Chairman of the US federal reserve at the time and also a professor at Stanford University. Bernanke observed that certain macroeconomic factors such as oil price fluctuations, monetary and fiscal policy adjustments and even the entry of new technologies were disrupters and triggered investors to move their investments across asset classes and global markets. Even more disastrous are geopolitical events like war and the threat of terrorism. In addition, the world is today threatened by the increasing incidence of natural disasters. A case in point is the 2011 tsunami that struck Japan. That tsunami alone caused losses of $360bn and is considered to be the most expensive natural disaster of all time.


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Why is gold considered to a safe haven during uncertainty?

Well, first of all, gold is a tangible asset that one can take physical possession of and store. Gold has been a creator of value since time immemorial. We are well aware that gold was used extensively as a metal of choice for coinage across the world throughout history. The value of gold, therefore, continues to remain stable, and demand for gold is driven by the value it commands in the eyes of human beings.

Gold is scarce and this is yet another factor that adds value to the precious metal. Rising demand and scarcity of supply creates an unbeatable value proposition that cannot be matched by other asset classes. While the price of gold may fluctuate, its intrinsic value in the eyes of an investor remains. On the other hand, stocks, bonds, debt papers, ETFs, and even cash deposits represented by fiat money, are only able to derive their value from the trading price in the market. They have no intrinsic value.

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Secondly, other investments are affected by inflation or rising and falling interest rates. Gold is well insulated from these macroeconomic forces. When we see gold price trends over the years, we realise that the price of gold moves inversely to the US dollar. This means when the dollar falls, the price of gold goes up. Therefore, investing in physical gold is a great hedge against inflation and can also create purchasing power for the investor in the years to come.

economic uncertainty
Holding physical gold can help beat uncertainty and inflation

At times of economic uncertainty, several investors may start to worry about the value of their investments in asset classes like equities. As they start to pull out, the prices start to fluctuate wildly, creating volatility. Most of the value locked in these virtual asset classes cannot be accessed physically, so one may have little or no control over them. At such times, gold investments are generally more secure, as it is a stable asset class and it is something that you can hold in a physical form. Once again, a quick look at gold prices over the years shows us ups and downs, but these losses and gains even out over a period of time and gold is considered to be a stable investment over time.
Insider's Guide to gold and silver
Most importantly, many investors view their purchases of gold as a constant. They believe that even if we see a total economic collapse around the globe at some point in time, gold will be that one thing which will still hold value. In our opinion, that is reason enough to hold gold.

Talk to our precious metals team about your gold investments

At Physical gold, our team of experts have many years of experience in dealing with precious metals. You’re in safe hands knowing we have membership of various trade associations including the Royal Numismatic Society. They are able to advise you on the best way to build a gold portfolio with regular investments that will stand the test of time. Call us on 020 7060 9992 or drop us a line to get in touch with the team. We always take your investment goals into consideration and advise you on the percentage of your financial portfolio that should be invested in gold, and on how to get the best buys by taking advantage of the markets.

Image credits: Wikimedia Commons and Michael Steinberg

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10 Amazing Flickr Images of Silver

Images of silver

In a previous article, we brought you ten amazing Flickr images of gold. Some years ago, gaining access to images about specialised topics was not easy. First of all, in order to produce high-quality images, you needed expensive cameras with special lenses and a whole lot of other photography equipment like lights, tripods, etc. This could easily cost you thousands of pounds and it wasn’t the kind of money you would spend if you were simply a hobbyist.

All that changed with the advent of new camera technology. Today, a mobile phone camera like the one on your smartphone right now harnesses the power of a really expensive camera from yesteryear. The other thing that we must consider is that it’s really easy to operate that high-quality camera on your phone when compared to the complicated operating procedures that came with specialised SLR cameras from the past. Back in the day, there were special courses that people took to learn how to get the most out of their recently acquired equipment.

Now, that’s all changed. Just press a single button and you’re done. This has resulted in ordinary day to day people being able to click high-quality images while they’re on the move and simply upload them and share them instantly from their phones. Therefore, we have libraries of user-generated images that can now be used in presentations, websites and other publications that are free to share with the world.

In this article, we’ll explore some of the best images taken and shared by users via the image sharing website Flickr.

1.  Commemorative silver coin for the FIFA world cup in Brazil

Images of Silver
Silver coin commemorating the FIFA world cup in Brazil

The FIFA world cup in Brazil took place in 2014. The limited-edition silver coins were released by Brazil to commemorate the most important event for world football and one side of the coins feature the image of the cup with a goal featured on the obverse. 12,000 silver coins were released at the time. Sadly, the host country was defeated 7-1 by Germany in the semi-finals.


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2.  Silver dollar – in god we trust

Images of silver
American silver dollars carried the inscription ‘In God We Trust’ since the civil war

Kevin Dooley’s Flickr image of a silver dollar explores the history behind the inscription ‘In God We Trust’. Apparently, the words were included on the coins at the time of the US civil war in order to appease religious sentiments during the war. Since then, the motto disappeared for a while and then appeared again on US coins. Since 1908, all gold and silver dollars carried the slogan.

3.  Dutch silver medal – Synod of Dort

This amazing image uploaded on Flickr shows a satirical silver medal created to commemorate the refusal of John Uytenbogaard who was a pastor to appear before the Synod of Dort. The Dutch silver artefact dates back to 1619. The image on the medal depicts a hand that seems to appear out of the clouds, holding grapes directly on top of a press intended for pressing grapes. A vineyard is depicted, and God’s name is shown in the clouds.

Images of silver
The Synod of Dort silver medal dates back to 1619

4.  Silver coin from Armenia – 500 drams

Images of silver
Eric Golub’s image is spectacular due to its unusual background

This Flickr image features an image of 500 drams silver coin from Armenia. The image was uploaded by Eric Golub in September 2014 and has an unusual background, along with a blue luminescent effect that makes it an amazing picture on Flickr.

5.  Silver lockets

images of silver
Lockets made of silver have an irresistible natural lustre

Becky Stern’s stunning image of silver lockets on Flickr goes to prove
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how beautiful silver jewellery can be. Silver’s smooth shine and lustre make it a perfect choice among precious metals for jewellery. This image was shot with an Olympus E-P2 camera and uploaded in 2011. The image was taken at the Renegade Crafts fair in New York and shared on Flickr.

6.  Celtic silver torque – a historic artefact

Silver jewellery comes in all shapes and sizes. However, this image of an ancient Celtic artefact was taken with a Panasonic DMC – LX2 camera at the Historic Museum of Bern. The image was uploaded by photographer Xuan Che on Flickr in 2009 and is available to all. The historic significance and the starkness of the image make it a great image on Flickr.

images of silver
This ancient Celtic silver artefact and its amazing detail make it a great image

7.  The founder of cup noodles

Well, we’ve all had instant noodles and cup noodles at some point in time during our lives. But how many of us actually know who the founder of instant noodles was? Taken by photographer Ogiyoshisan using a Nikon E7900 camera, this image is of a silver statue at the cup noodle museum in Yokohama, Japan. The statue depicts Momofuku Ando, the inventor of instant noodles and cup noodles.

images of silver
Momofuku Ando, the founder of instant noodles

8.  Tibetan silver butter bowl

This stunning photograph on Flickr is that of a silver Tibetan butter bowl. The 19th-century masterpiece shows a dragon and phoenix on its sides. There are further decorations on the foot stand of the bowl. It is possibly an artefact used in certain religious ceremonies.

images of silver
This highly detailed 19th-century silver artefact from Tibet is a masterpiece

Insider's Guide to gold and silver

9.     Gilded Byzantine silver vase

Yet another stunning piece of history is depicted by this image of a gilded silver vase. This silver vase shows a grape harvesting scene and it is thought to be a common theme of art during the Sasanian and Byzantine period, which places this vase around 5th to 7th century AD. The harvesting theme symbolised fertility and eternal life.

images of silver
This lovely Byzantine silver vase could date back to the 5th century AD

10.     Vintage silver cigarette lighter

This ornate silver table top cigarette lighter dates back to 1947. It is 4.5 inches tall and was made by the Ronson lighter company at the time. The image was taken with a Polaroid camera and uploaded on Flickr in 2017.

images of silver
A 1947 silver cigarette lighter is yet another example of a work of art

Call our silver experts to know more about investing in silver

When we view these images of silver on Flickr, we are often seriously attracted to buying silver. Since the precious metal is not as expensive as gold, it makes a great buy and regular purchase can soon see you holding a formidable portfolio of physical silver. To know more about investing in silver call our team on 020 7060 9992 or contact us via our website. With a little bit of guidance from our team, you could own some great pieces of silver in no time.

 

Image Credits:

Ulrich Peters, Kevin Dooley, Ideacreamanuela , Eric Golub, Becky Stern, Xuan Che, Ogiyoshisan, Apple Boutique, Akhenatenator and Joe Haupt

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8 Myths About Investing in Precious Metals

Unthruths About Investing in Precious Metals

We have earlier spoken several times about investing in precious metals. However, precious metals investing isn’t always what it seems to be. There are myths that need to be debunked about precious metals and in this article, we’ll look at what they are. Investment guru Warren Buffett once said about gold that it’s dug out of the ground somewhere in Africa and that it is buried there again and people are paid to guard it. Now, Warren Buffett has frequently spoken out against investing in gold and precious metals, but could he be right?

Myth 1 – gold may be precious, but devoid of utility

As we all know, Buffett’s primary bias against gold is that his interests are in capital markets, banking and insurance. It’s a well-known fact that his company participated in bailing out the banks during the financial crisis of 2008. Being invested in the banking sector, it’s no surprise that his investment preferences would like in asset classes away from precious metals. If we look deep, we will realise that his outburst against gold is driven more by emotion and sentiment. For several thousand years, gold has been an investment vehicle of choice for the entire world. It was used for coinage and it has several wonderful attributes such as fungibility, rarity, durability and a great hedge against inflation. Its physical qualities make it invaluable in industries such as electronics and mobile technology, to name a few.

Investing in Precious Metals
Investing in precious metals requires knowledge of the market

Myth 2 – precious metals will have no value in the future, as the world moves to digital currencies

The age of the crypto-currency has seen investors doubting stable investment classes such as gold and silver, as many believe that eventually as we move forward to the 22nd century, precious metals may become redundant. However, the most important thing to keep in mind is that cryptocurrencies are a virtual medium. They are highly volatile and prone to great market risk and volatility. As they are not physical, investors have little control over the way they behave. Gold, on the other hand, is a highly physical and tangible asset that has been globally accepted as a repository of value for thousands of years. Gold is not a speculative asset, and investors looking to make a fast buck through short-selling would find gold unattractive. However, investors looking to build a rock solid portfolio that can outlive their own lives and can be bequeathed to future generations would find the stability of gold reassuring.


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Myth 3 – the price of precious metals behaves inversely when interest rates rise

In order to look deeper into whether or not this myth has any basis, we need to take a long hard look at gold price trends over the years. It stands to logic, that when interest rates are on the rise, investors are better off putting their money into currency markets. However, if we see gold price trends as recent as 2015, we can see that the Fed initiated an interest rate hike in December of that year. It was commonly believed at the time that gold and silver would plummet. While the US interest rates rose from 2014 to 2016, both precious metals witnessed price increases

Investing in Precious Metals
Gold investments are safe in storage like the Bank of England gold vault above

Myth 4 – in the event of a global economic crash, gold may crash completely

As gold is both a precious metal as well as a commodity, it has virtually no correlation with global stock markets, bond markets or housing. One of the factors that keep the price of gold and silver on the rise is scarcity, backed by high industrial demand. As technology progresses, this demand will continue to rise and as we all know, gold is a finite asset. A recent example is the famous 2008 global economic crisis. While virtually the entire stock market was wiped out, including stocks of mining companies, gold fared well for the year. Infact, we have ample proof that investor sentiment is geared towards investing in gold as a safe haven to protect against times of economic turmoil. Therefore, a global economic meltdown would see most investors turning to precious metals like gold and silver.

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Myth number 5 – the gold market is manipulated and only insiders can make money

Physical gold and silver markets are very different from paper markets. When we say paper markets, it means exchange-traded funds or ETFs. It is true that some level of manipulation happens in the paper markets, which is mostly geared towards derivatives or futures. Size and clout do matter in these markets and ordinary investors are never privy to the information available to the top financial companies and big banks. These institutional investors have top-quality research, as well as key information that allows them to make smart decisions when trading. Moreover, since their trains are high volume, they are able to get the best price. Physical gold and silver are different. At Physical gold, many of our investors are ordinary customers, just like yourself. Our precious metal steam is able to advise investors like yourselves on the best way to buy gold and silver. We can also help you get price advantages since we are able to obtain large discounts.

Investing in Precious Metals
Always research your broker rather than walk into a high street gold store

Myth 6 – gold doesn’t pay you any interest and this makes it a bad investment

Well, if you’re a shareholder of large companies you might notice that these big-ticket companies also pay you no interest and the annual dividend is a mere pittance. Infact, one of the biggest critics of gold – Warren Buffett’s company, Berkshire Hathaway does not pay interest or dividends. On the other hand, there are many junk bonds that can get you yield of 50% more for short spans of time, but they are highly risky and the market is very volatile. Even investments made in cash deposits, which are backed by your bank are prone to lose value, simply due to inflation. The reason that physical gold or silver doesn’t pay you interests is that they are not debt instruments. In the UK, many of your investments and physical gold are tax-free. This is an added advantage of investing in physical gold. However, your earnings from the equity and debt markets are subject to taxation.

Myth 7 – precious metals do not fit well into an asset allocation strategy

The reality is in fact far from it. Precious metals Insider's Guide to gold and silverdo form an integral part of any asset allocation strategy, along with several other asset classes ranging from real estate, capital markets, mutual funds and cash deposits. It aids in diversifying a portfolio. Infact, many investment experts do claim that investors should have at least 12 to 15% of their portfolio allocated to precious metals.

Myth 8 – buying precious metals are unsafe, as you are likely to be cheated or burgled

When buying precious metals, it is important to connect with a reputed online broker. A reputed online broker will have a team in place who would speak with you, discuss your investment goals, advise you on how to invest and guide you on the best way to invest in precious metals. For example, at Physical Gold, all our products come with a certificate of genuineness and a guaranteed buyback, should you want to liquidate your asset. Like all other investments, investing in physical gold and silver requires some knowledge of how when and where to buy. This ensures that you don’t end up trading with a rogue broker and get cheated. As far as storage goes, many reputed brokers, including Physical Gold do offer storage facilities to their customers, should they not be willing to take delivery of their physical gold and silver. Our customers get to store their assets safely in an LBMA approved vault. Even if you do prefer taking physical delivery of your purchases, we are able to dispatch them via insured courier and can advise you of certain accessories that you can buy in order to safely store your gold at home.

Talk to our investment experts before putting your money into precious metals

In the same way that it’s important to debunk myths about precious metals investing, it’s also important to speak with knowledgeable advisors before making investment decisions and buying precious metals. Call us now on 020 7060 9992, or drop us an email via our website and a member of our team will be in touch with you shortly to discuss your investments.

 

Image credits: Pxhere, Bank of England and Richard Paine

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Sell Scrap Silver

Sell Scrap Silver

Over the years numerous stories have appeared in the papers about lucky folks who discover precious metals in their lofts and attics which were left behind by parents and grandparents. Many of us even have old silver around the house. At a time when the price of silver is increasing and some experts are of the view that it could soon touch $30 an ounce, you can make some quick cash by selling off this scrap silver.

Although gold may be the first thing that comes to mind when it comes to investing, silver is actually highly investable just like any other precious metals. It’s been a solid and reliable form of currency for over 4,000 years – and silver scrap trading is booming. However, since the end of the silver standard, pure silver has lost its status as legal tender. In 2009, the global demand for silver was primarily for industrial applications at 40%, coins, silver bars, jewellery, and exchange-traded products. By 2011, worldwide silver reserves were equal to around 530,000 tonnes.

But how do you go about selling scrap silver? Indeed, there are newspaper adverts from dealers who offer cash for your scrap silver. But is this a viable proposition? In this article, we’ll look at some of the basic things you need to know if you intend to sell your scrap silver.

sell scrap silver
Antique silver watch

How can you tell if something is real silver or not?

The main way to check is magnetism as silver isn’t magnetic. By placing a strong magnet called a Neodymium magnet onto a silver bar or coin, it should repel and not stick to it. When testing bars, simply angle the bar at 45 degrees and allow the magnet to slide down – the magnet should only slide very slowly. Don’t forget to give it a good polish too, by using a lightly coloured, soft cloth. Once you’ve finished, inspect your cloth and if you witness black marks on the cloth then the object is very likely real; this is because real silver oxidises and tarnishes when exposed to air, and that’s the darkness you see on the cloth.


Download our FREE 10 step guide to selling your coins at the best price


Know your prices

Silver is traded around the world at spot prices. Each troy ounce of silver will command a spot price on a given day. It’s important for you to look at these prices before you walk into a dealer shop or contact an online dealer about selling your scrap silver. If you don’t know the trading price of silver in the first place, you’re likely to be short-changed.

 

Separating your silver

Getting ready to sell your silver is a process during which you should separate the different items of silver that you have. For example, if you have silver coins it’s important to segregate these from the rest of the silver that you plan to sell. Do a bit of research about the coins that you have, as some of them may have numismatic value. If you sell your valuable silver coins at scrap prices you’re losing a lot, so a bit of homework usually goes a long way.

In the same way, you need to separate out your junk silver, including bits and pieces of old and damaged silverware that may be in your house. Sterling silver, silver plated artefacts and pure silver are different things. So, it’s important that you determine what you have before you rush off to get a price for them. There may be different marks on your silverware, which could give you an indication of whether your silver is Sterling or plated. For example, the letters EP often stands for electroplated and the letters EPNS denotes electroplated nickel silver. There may even be a number indicating the purity.

What is classed as scrap silver?

Clean 925 grade silver is classed as 92.5% pure. Many scrap silver facilities will also accept Dutch, Austro-Hungarian, 1st Standard French, Russian and Danish silver as well as any articles which are marked as “Sterling”. Check out our buying and selling guide for guidance too.

In order to be accepted, the silver generally needs to be “clean” i.e there’s nothing in it that isn’t silver (e.g. wooden handles, resin filling etc). If you’re worried about it, plenty of places also buy lesser grade silver, for example, foreign silver, 500 standard coins and 800 standard silver too. They are likely to offer you a pay rate proportional to the 925 rate.
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What items are generally considered “scrap”?

Items that are purely valued on their metal value (for example by weight) include most smaller objects like cups, tea sets, bowls, dishes, trays, baskets, mugs, napkin rings etc. Other items include chains, bracelets, necklaces, and other pieces of jewellery whether repaired, worn or damaged.

Antique silver

As metal, in general, has risen so much in value it’s had a massive impact on the antique silver market. The aesthetic, antique values of many objects have now been overtaken by their intrinsic metal value.

A large number of second hand, antique silver pieces are now valued by their weight, meaning the value will fluctuate depending on the daily price of silver. Any items which are particularly interesting or unique are likely to be given a higher value than less quality scrap metal, however, any facility will judge each item on its own merits.

Sell Scrap Silver
Your old silverware can have good value, but it’s important to research it

Keep your silver unpolished

Many people don’t know about this but leaving you’re silver unpolished is likely to fetch you a better price. It’s true that your silver may look shiny and new when you polish it, however, the polishing process may damage the silver and erode the surface, devaluing it in the process. If you feel the need to clean it at all, it’s best to use a jewellery polishing cloth.

Finding a silver buyer

It might be a good idea to take your silver to a professional dealer if you know one, to get an appraisal on the price of the silver you’re about to sell. You can check the website of the British Numismatic Trade Association (BNTA) to find a reliable dealer. Physical gold is a reputed BNTA approved, online dealer and our team of experts will be happy to help you out on this.

Always shop around and check the different offers that buyers are giving you. If you have silver coins, you might consider visiting a coin show in order to sell your collection. You could definitely get a much better price for your coins at an event like this. Similarly, if you have silver items of value, it might be worth visiting a high-street pawnshop to see what they offer. Another way to get a good price for your items is to list them on eBay and auction them. If any of your items are valuable, it’s likely that buyers on eBay would pick up on this and bid against each other, raising the price.

Sell to Physical Gold today

If you are unsure whether your item would be considered “scrap” or antique the experienced team at Physical Gold can help when selling precious metals. Simply call us on 020 7060 9992 or email us so we can speak to you about your options.

Image Credits: J.S. Klingemann

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Numismatics – The Study and Collecting of Coins and Currency

Numismatics. It’s not a word many people will have heard of before. Perhaps you have heard in a quiz “What do you call a coin collector?” Numismatics refers to a steadily growing group of people who are totally fascinated by coins; all sorts of coins, old and new and from all different currencies.

A Numismatist is a coin collector. Numismatics involves the appreciation of craftsmanship, finish and features – when you look closely at a coin it’s surprising what you can learn. Learn more in our article about Numismatics – the study or collecting of coins medals and paper money.

numismatics
Adult and child counting coins

What is numismatics?

Numismatics is actually far more interesting than you’d think. Numismatics is the study of and collection of coins, notes and other forms of currency, it’s a huge and varied topic with plenty to keep you interested.

The word “numismatics” itself comes from the Greek word “nomisma”, which means “coin”, its first known use was back in 1790. The “nom” part you may also recognise from our own word “denomination”. The numismatic art itself refers simply to the study of coins and historic money, but nowadays numismatists are also interested in medals, online currency and paper currency too. Numismatics also concerns items that are similar to coins but don’t necessarily have any economic function: things like tokens, religious items or badges.


Download our FREE Insiders Guide to gold and silver here


Numismatics vs Coin Collecting – How do the Two Compare?

So, do you want to be a Numismatist or coin collector? Well, don’t worry, you can actually be both! You can be an avid coin collector without practising the study of coins (history etc). behind them, or you can learn about the field without actually doing any collecting. We compare the difference between the two below.

What is coin collecting?

Conversely, coin collectors often take enjoyment in gathering together full sets of coins depending on what they are personally interested in. These could be Beatrix Potter or London Olympics 2012 celebration coins for example, or coins marking special times in history for the Royal Family.

What does a Numismatist study or collect?

A “true” numismatist goes well beyond mere collecting, it’s a passion and takes on the form of the study of coins and education. We go on to discuss subcategories of numismatics below, but essentially a Numismatist collects and studies coins, tokens, paper money, and a range of related objects. As a general rule, a numismatist will study currency from a social, artistic or historical viewpoint.

What are the Different Subcategories of Numismatics?

Numismatics is essentially about the value of a currency, the study of currency, how we use it and exchange it, as well as the physical currency itself. It’s about rarity, methods of manufacture and history of the coins. So, what does a Numismatist collect? Numismatics can be broken down into different categories, which we discuss below:

What is Notaphily?

Notaphily – this is the collecting, study and learning of paper money such as banknotes. The word is formed from “Nota” – a Latin word for “paper Money and “Phily” a Greek word for love – so essentially it’s the “love of paper money”.  In more recent times Notaphily has also started to include collecting and studying of plastic notes too.

What is Exonumia?

Exonumia – “Exo” is the Greek for “out of” and Nummus is the Latin for “coin”. These include a broad range of items such as the collecting and study of coins as well as badges, key tags, medals, military coins, tokens (e.g. arcade, bank, casino, communion, membership) and toy money. These are just a few examples of aspects of collecting and studying Exonumia.

Here at Physical Gold, we go well beyond the study of coins and make Exonumia, investment-friendly too. Why not make money from your study of coins, by speaking to us?

What is Scripophily?

Scripophily – this is the collecting and study of securities such as bond certificates, stock certificates and other negotiable financial instruments. Scripophilists will often collect based on the antiquity, scarcity and aesthetic appeal of an item. Investment principles are often in the background, but undoubtedly if managed correctly Scripophily in the long-term can make attractive investment properties. Modern Scripophily is becoming trickier as the financial services industry moves away from paper-based to electronic systems.

What coins are worth collecting?

We now analyse some of the coins, which we believe are most worth collecting.

Royal Mail coins

For a lot of British coin collectors, the Royal Mint is where it’s at.  Planning for new releases and eagerly awaiting the chance to get their hands on the latest designs, they jostle to be the first to place an order for a new coin and prepare to add it to the other Royal Mint coins in their collection. Infact, did you know that the Royal Mint website ground to a halt when it made available its phenomenally popular 2017 Peter Rabbit 50p coin?

Limited Edition Collectable Coins

When it comes to collecting coins, the ones which are most sought after are ones which were only in circulation for a short time, i.e. are limited edition coins. Historically significant or especially attractive coins are also popular, and excitement is further heightened by mints that are limited in numbers or metal type, for example, a gold coin that’s usually silver. A particularly famous limited edition mint includes the recent Star Wars: The Empire Strike Back silver coin which had a mintage across the globe of just 10,000.

The 1 oz Landmarks of Britain – Trafalgar Square Silver Coin (2018) is a 50,000 mintage limited edition Royal Mail coin
The 1 oz Landmarks of Britain – Trafalgar Square Silver Coin (2018) is a 50,000 mintage limited edition Royal Mail coin

Minting Error Coins

Another category of collectable coins are minting errors, these are coins, which had some sort of error during the minting process. The main categories of minting errors are:

  • Hub and die errors – these include double printing, die-setting errors, areas missing from the design, die breaks as well as cracks and chips, as well as many other types too
  • Planchet preparation errors – these include minting blank coins, clipped coins, minting coins with varying thicknesses as well as cladding and lamination flaws
  • Strike errors – a range of errors in the striking process

Buying minting error coins can make a great investment. This is especially the case if these coins are bought early when premiums are often lower. As the years go by and error coins become scarcer and more sought after, the premiums paid can often rise dramatically.

numismatics
Coins in a jar

Is Coin Collecting a Good Investment?

When it comes to coin collecting as a way of building an investment or pension fund there are no shortcuts. It’s not a quick way to “flip” some money or make a fast buck – it’s much more long term. Old and rare coins are pretty much always worth far more than their face value.

10 commandments
A lot of financial advisors are even suggesting you keep between 5-10% of your investments in precious metals and rare coins. Not only will this offer a little extra security but it will give a good foundation for building future wealth. Even if the stock market was to totally flop, your collected coins will retain their value and actually likely increase as investors plump more towards commodities. It’s potentially a fascinating yet lucrative hobby.

Is it Worth Seeking Dealer Advice About Which Coins to Buy?

If you’re interested in beginning a personal coin collection or in getting into numismatics, in particular, there are many coins which are very highly regarded, so if there are particular items you have in mind it’s important to get your order in as quickly as possible.

In our opinion, it’s essential to take advice and there’s plenty available from Numismatic publications and websites as well as through talking to dealers such as Physical Gold Limited.

How Can I Invest with Physical Gold today?

So, are you interested in the study or collection of coins and perhaps starting a fantastic new coin collection of your own? In our opinion, Numismatics is more than coins study or the collecting of coins medals and paper money – it should be an investment too!

Let us get you started. Whether you’ve been collecting for years or you’re just starting to dabble, Physical Gold can help with any advice about collecting or investing in gold. Speak to us on 020 7060 9992 or send us an email so we can help.

 

Image Credits: Nattanan23 and Raw Pixel

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Give Gold as a Unique Type of Christening Gift

Timeless and elegant, a beautiful gold Christening gift is always an excellent choice. But it’s not always easy to decide what to choose; a stunning pendant the child can wear as they grow up? A handy little money box perhaps. After all, gold is synonymous with wealth, plans for the future and the importance of saving. It has long been traditional in many cultures that the gift of a bullion bar or coin symbolises hope for the future and can, of course, be invested. Why choose a Christening gift that everyone else will have thought of? Cash says clothes and toys; gold says university and first car

gold as a christening gift
gold crucifix

Gold money boxes

When a new baby comes along, there’s usually a well-meaning queue of grandparents, godparents and friends who would like to give money. So why not choose a beautiful gold money box to keep it all safe in one place. Available in a massive variety of shapes and designs a stunning gold money box makes the perfect addition to any nursery. You could even give it alongside a beautiful gold coin collection too.

Gold photo albums

The perfect elegant Christening present idea, a gold photo frame is ideal for displaying a special photo from the big day. No matter what size or design you choose, a gold photo frame is something that can be cherished and enjoyed for years to come.


Gold coins and bars can be a great gift and investment. Download our FREE gold investment cheatsheet here


Gold bangles

A classic Christening gift that spans centuries, gold baby bangles can be as ornate as you like, or simply plain. They can also be inscribed with a personal message and most bangles come with an expandable clasp, so they can carry on wearing the bangle even as they grow.

Gold pendants

Gold Christening pendants usually take the form of the crucifix and signify the important religious aspect of a child’s Christening day. You can choose any purity from 9 carat right up to 24 carat gold, and again you can have the child’s name or a personalised inscription added on the back.

gold as a christening gift
A gold bound book

Gold trinket boxes

With the birth of a new baby comes the start (or extension!) of a family, with years of happy memories to come. A beautiful little trinket or gift box makes the ideal keepsake as throughout the child’s life new mementos can be added and cherished. A gold trinket box is also ideal for parents to store precious memories as their child grows, such as a first lock of hair and tiny pieces of baby jewellery.

Gold cutlery

Gold cutlery sets have been a popular PHYS01_Animated_Gif_2_MPUchoice of Christening present throughout the centuries. Not only are they wonderfully practical, they’re perfect for a wall or cabinet display to commemorate the special day for years to come. Signifying luxury and wealth, you’ll find all sorts of gold cutlery including knives, forks, spoons, teaspoon rests and much more. Parents, grandparents and godparents can also choose to add to the collection too.

Gold commemorative plate

Give a gift that will last a lifetime with a gold commemorative plate. Complete with a display stand, you can choose a personalised inscription like a poem, wish for the future or simply the child’s name and Christening date.

Contact Physical Gold to invest in gold today

Looking to invest in the perfect gold Christening gift but not sure where to start? Physical Gold is here to help. Call us on 020 7060 9992 or drop us an email to ask a question, find out more about our investment opportunities or simply get some further advice.

 

Image Credits: Myriams-Fotos and Weinstock

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15 Facts About Silver That You Might Not Know

How many facts about silver do you know?

Silver is a metal we’re all very familiar with thanks to its multiple everyday uses. You’ll find it everywhere from jewellery and electronics to cutlery, dentistry, currency, in medical procedures and numerous other applications besides. Thanks to its antimicrobial effect it’s also often used in water filtration and air conditioning too. But there are plenty of other facts about silver you may not know…

Facts about silver
Five stacks of silver coins

1)    Silver is mostly produced in Mexico

These days, silver is predominantly mined in the New World, including the USA, Russia, Canada and Australia. However, it is actually Mexico which produces the most, with Peru not far behind. Approximately 35% of the silver mined today is a by-product of zinc, copper and lead mining. Mexico mined 5,600 tonnes in 2017 alone.

2)    Silver is a great reflector

Silver is more reflective than any other element which means it’s essential in things like telescopes, solar panels, batteries and mirrors. Although polished silver is capable of reflecting 95% of the visible light spectrum, it is actually poor at reflecting ultraviolet light.


Find out the 7 crucial considerations beofre you buy silver. Download our FREE cheatsheet


3)    Silver was discovered around 5000BC

Silver was one of the first five metals to be discovered by our prehistoric ancestors. Infact, early humans were actually able to separate lead and silver all the way back to 3000 BC. Silver coins and artefacts have even been unearthed which date back before 4000 BC. Silver occurs organically in nuggets in the same way as gold does, which means there is no need for manufacturing or processing.

4)    Sterling silver is the most common type

Mostly found in jewellery making, sterling silver is the most common type of silver you’ll find on the high street. It consists of 92.5% silver, with the rest of it being made up of a mixture of compounds including copper.

Facts about silver
A silver compact mirror

5)    It’s a fantastic conductor

Silver is an outstanding electrical conductor and is the best of all the elements. Additionally, silver is also the best thermal conductor of any metal too. In fact, the horizontal lines you find in the back window of your car to defrost ice in the winter are made from silver for this reason.

On a scale of 0 to 100, silver comes in at number 100 for electrical conductivity and is used as a benchmark by which all other conductors are measured. Just behind it, copper is at number 97 out of 100, and gold is at 76. However, it isn’t used in electrical wiring as it’s simply too expensive.

6)    Some say silver has special powers

Transcending time, tradition and religion, silver bars and Insider's Guide to gold and silverjewellery have been said to possess magical powers in promoting fortune, wellness and healing. When worn, silver is also said to keep evil spirits away from the wearer. Whilst in the modern Western world these beliefs have all but disappeared, some people remain convinced of silver’s cosmic powers. In ancient China, it was traditional for babies to be presented with a silver necklace to be worn around the neck to keep the baby healthy and warn off any malevolent forces.

This year is actually the Chinese year of the dog, so why not commemorate it with one of our Silver 1oz Lunar UK Year of the Dog 2018 silver coins?

7)    Silver has antibacterial properties

It’s a little-known fact that pure silver has excellent antibacterial qualities. Only a very tiny, concentrated amount of silver or silver salts is needed to kill bacteria, for example in an open wound. It works by chemically altering the membranes of the bacteria cells which then means they break down. Unlike conventional medicines and antibiotics, bacteria do not become resistant to silver, even over long periods of time. Thanks to this antimicrobial property, silver is also used in trace amounts in clothing and food storage containers like Tupperware boxes to help keep items fresh.

8)    Silver formed our currency

During the Norman conquest, around 1066 AD, silver was used to create the metallic coins that we’re so familiar with today. In Great Britain, these silver coins formed the basic denominations of pounds, shillings, and pence. The pound is quite simply a pound of sterling silver.

9)    Silver is used in mass technology – but you wouldn’t necessarily think it

Silver is routinely used in the mass production of industrial and technological applications. It’s ideal as a conductor, RFID (radio frequency identification chips), in GPS and tracking, Nano and Smart technology and surgical equipment where its excellent conductivity and antimicrobial properties are essential. Up until very recently, it was used mainly in photography equipment and cameras, but due to digital photography, this is now on the decline.

Facts about silver
An Apple smart watch

10)    Silver reacts with air

Over time, silver will start to tarnish as it reacts with the air and become less shiny. Black sulphide will form as a by-product of the reaction with sulphur compounds and this leads to a slight dullness in the colour.

11)    It can survive serious heat!

The melting point of silver is 961.8ºC whilst its boiling point is an incredible 2162ºC.

12)    It doesn’t get lost in translation

The actual words “money” and “silver” are completely identical in at least fourteen different languages, including Welsh, Swahili, Thai and French.
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13)    It turns up in spooky fiction

Over the centuries, gothic horror stories have brought about the idea that the way to kill off a wolf-man is with a silver bullet. Due to this, silver is supposed to be one of the only metals which is effective against werewolves, ghosts, vampires and other evil entities.

14)    It doesn’t rhyme

Fun fact right here; the only word in the English language that will rhyme with the word “silver” is the word “chilver”. A chilver is actually the technical name for a female lamb.

15)    Born with a silver spoon?

It’s a common phrase that we still use today; people who are ‘born with a silver spoon in their mouth’ are wealthy, or at least were born into a wealthy family. However, traditionally it’s actually nothing to do with financial wealth but is infact to do with physical health, as children who ate from silver spoons tended to be stronger and healthier.

Contact Physical Gold to invest in silver today

Here at Physical Gold our expert team are ready and waiting to assist with all of your silver investment needs. Drop us a line today on 020 7060 9992 or send us an email for individual advice on all aspects of buying and selling precious metal.

 

Image Credits: KSchneider2991 and Pixabay and Oliur Rahman

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The Physical Properties of Gold

Gold’s unique physical properties

The everlasting symbol of luck, prosperity and wealth, choosing to invest in gold – especially rare gold – has always shown to be a shrewd move thanks to its easy liquidity and high value. As one of the most sought-after precious metals in the world, demand has long outstripped supply, meaning it’s always been hot property. But what actually makes up gold itself? What are the physical properties which help keep gold so investable?
Properties of gold

It’s a soft, ductile metal

Gold is extremely ductile and malleable which makes it highly versatile. It’s a heavy metal with a density of 19.3 g cm-3. In fact, just one single gram of gold can be flattened out into a thin sheet of gold which covers an area of one metre – that’s around just 230 atoms thick. It is actually so soft that even a small item such as a coin is enough to scratch a pure piece of gold.

Gold has a very high boiling and melting point

The temperature you need to melt gold is 1,948 degrees Fahrenheit, which is an incredible 1,065 centigrade. In order to strengthen the gold for practical uses, other alloy metals such as zinc, silver and copper are added whilst the gold is being melted. Gold boils at 5,173 degrees Fahrenheit (2,856 Centigrade).


Dowload our FREE Insiders Guide to Tax-Free Gold Investment here


It’s a good conductor of electricity and heat

Gold is an excellent conductor of electricity although it is too expensive to use in cabling, hence the use of copper instead. Exposure to air, moisture, heat and other corrosive agents have an extremely minimal effect on gold, which is why it’s so suited for manufacturing jewellery and coins.
Properties of gold

Gold will not tarnish

Unlike silver which can degrade in the air over time, gold will not rust or taint. Gold, in particular, is extremely difficult to corrode. Only very strong acids such as nitric acid and hydrochloric acid can cause gold to become damaged. This is why wedding bands are traditionally made of gold, as they are guaranteed to stand the test of time.

Gold is a noble metal

Gold is a noble metal. Noble metals are a group of metals that do not corrode over time under normal conditions.

Gold is highly reflective

Gold does not absorb light or heat,
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meaning it’s supremely reflective. No rays of light are absorbed at all, they are simply reflected.

Gold is very heavy and dense

Gold is also extremely heavy, with a density of 19.4 g cm-3. By way of comparison, lead is only 11.4 g cm-3 in density. This heaviness plays a vital part in many of the physical methods required to mind gold from its many sources.

Carats for purity

Most natural gold is actually impure. It generally contains small but notable traces of other metals including silver, copper, silver, mercury and palladium. It’s actually these other elements that give gold its distinctive colours. For instance, gold that has a large amount of copper will have a red hue to it, whilst gold that contains a lot of less expensive silver will be much paler are far less bright yellow than you would expect from pure gold. The purity of gold is measured in carats with 100% pure gold being 24 carats. 18-carat gold is then 18/24, (75%) pure, and 14-carat gold has 58% purity. Carat values are often used to describe gold bars only come in the following integers: 24, 22, 18, 14 and 9.

Invest with Physical Gold today

Here at Physical Gold we are experts in our field and can help with any aspect of gold investment. This includes gold sovereign coins, gold Britannia coins and bars in weights such as 1oz, 100g and a mighty 1KG. Speak to us on 020 7060 9992 or drop us an email to discover more about our investment opportunities or get advice on trading gold now.

Image Credits: Pixabay and MasterTux

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Gold & Silver Jargon Buster

Jargon Buster

A guide we have put together to help understand – gold jargon, gold lingo, gold terminology, gold terms, gold definitions, investing jargon, silver jargon, silver terminology and silver terms.As an investor keen on investing in gold or silver, it’s important to be up to date with silver and gold terminology. The precious metals market has several such terms, which it would seem are known only to savvy investors. When trading in gold and silver, we need to be aware of these terms as parties we deal with, such as gold investment brokers, financial advisors, numismatists, all use these terms in one way or the other when dealing with clients. There are key terms to be aware of, for example, gold and silver are measured in troy ounces. The troy ounce is not the same as a regular ounce. A troy ounce is 31.103 gms. This means a troy ounce is 1.09 regular ounces. This is an interesting example. Often, investors buy a 100-ounce gold bar. They would expect that it weighs 6.25lbs on the scale, but when it shows 6.85lbs, it often leaves them confused.

jargon buster
Gold craftsmen and traders often use industry jargon to communicate
Similarly, there is a difference between sterling silver and pure silver. Pure silver, otherwise known as ‘fine silver’ is the purest form of the white metal available in the industry, which has a purity of 99.9%. However, the problem with using fine silver to manufacture jewellery or silverware is that it’s way too soft and malleable. These items, which enjoy high demand from customers require a much harder version of silver that can hold shape, as well as provide a durable, shiny exterior. After all, the lure of silver is in its shine and sparkle. So, manufacturers use another form of silver, called sterling silver, which is, in fact, an alloy. It’s only 92.5% pure silver, while the other 7.5% consists of base metals.

Decoding the jargon

Every trade has its own technical language that we often call lingo or jargon. Have you ever heard two doctors having a conversation? They usually use a lot of words which are a part of medical terminology, and they look like they perfectly understand each other. However, it can be frustrating for a layperson, to whom it all sounds like double Dutch. Now, as an investor, you need to learn the precious metals business first. How else are you going to make money out of it if you don’t understand it in the first place? So, you need to learn the language of the trade. The minute you do that and go have a conversation with a gold trader, you will be taken seriously right away. Now that you speak the language, you’re one of them and you won’t be treated like a novice.Gold and silver terminology also comes in handy when doing your own research. All investors do their research on the market before making purchase decisions. Familiarity with investment-related jargon is essential for you, especially if you’re new to investing in precious metals.Learn all about jargon by watching, “Gold & silver investment jargon explained”

Call our team of consultants to learn more

At Physical Gold, our team of consultants are ever ready to guide investors just like you in learning more about the market. We believe that savvy investors are important in creating a balanced marketplace. Call us on 020 7060 9992 or contact us via email to connect with one of our consultants. We will try our best to avoid unnecessary investing jargon!

An A-Z Glossary of Terms for Gold and Silver

Listed below is an A-Z of many gold and silver terms you will find in the gold and silver industry. These are arranged in ascending alphabetical order.

A – B

A mixture of two or more metals. Metals such as silver, nickel, copper and zinc are frequently mixed with gold to improve its hardness and/or change its colour.

When an investor buys gold outright and stores it in a professional bullion vault with a safekeeping agreement in the custody of a bank, it is commonly known as allocated gold. This gold is not the property of the bank but is owned by the investor. In the event of the bank becoming insolvent, allocated gold is not lost. However, the investor may require paying certain storage charges to the bank which needs to be factored into the cost of the transaction.

The American Eagle is a type of official bullion coin which is produced by the United States Mint. First released in 1986, the coin is predominantly minted in gold but has on occasions also been minted in both Silver and Platinum.

An analysis of a metal used to determine its purity. A series of assays can be run to determine the alloys in the metal as well.

The chemical symbol for silver with atomic number 47.

The chemical symbol for gold which is derived from “aurum”, the Latin word for gold.

British Numismatic Trade Association

The Britannia is the British one-ounce gold or silver coin, first produced in 1987.

The Britannia is the British one-ounce gold or silver coin, first produced in 1987.

Brilliant Uncirculated used to describe a coin in new condition. The same pristine condition as when it left the mint.

The Buffalo is the American one ounce 24 karat gold coin, first produced in 2006.

A market in which the primary trend is up.

Precious metals in bulk form which are traded are known as bullion. Bullion can come in the form of bars or minted into coins.

A coin with a symbolic face value whose market value is determined only by its inherent precious metal content.

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C – G

A capital gains tax (CGT) is a tax charged on the profit realised on the sale of certain assets that were purchased at a lower price. The most common capital gains are realized from the sale of bonds, stocks, and property. There is no Capital Gains Tax (CGT) to pay when a UK resident sells British legal tender coins at a profit. This contrasts with many alternative investments that attract income or capital gains tax. Therefore, an investor gets to keep all their profit, which further enhances returns.

See Karat

A “certified” gold coin is encapsulated in a tamper-proof, sonically-sealed, high-security hard plastic holder, with a unique certification number and bar-code permanently sealed inside each coin capsule for the protection of the investor.

These are coins minted for each Chinese New Year by the Shanghai Mint. These have been minted each year since 1981 and are available in gold, platinum and silver. The reverse of each lunar coin depicts the zodiac animal for that lunar year, whereas the obverse reflects an image of cultural significance in China.

A useful physical asset whose value is based on its commercial use and scarcity.

Counterfeiting of precious metals is where imitations are created to deceive or defraud the buyer. They look genuine to the naked eye but when tested are counterfeit. Always buy gold and silver from a reputable dealer such as Physical Gold.

A design found on a coin. Frequently it is the bust or profile of a person who symbolizes a particular country at a particular time in history or a country’s coat of arms or insignia.

An engraved metal tool used to strike or stamp the design on a coin.

How many individual elements a precious metals allocation consists of. It is deemed to have more divisibility to hold 10 x 1 ounce gold bars than 1 x 10 ounce bar.

This is a naturally occurring gold and silver alloy, which also contains trace elements of other metals (e.g. copper).

Exchange-traded funds or ETF’s are another way to buy gold without physically owning them. The funds are managed by fund managers who have proven expertise in the gold market, so the assumption is that they would know better about trading in gold than an ordinary individual. When buying an ETF, you buy units in an exchange-traded fund, and as the fund performs better, the value of your units goes up. However, it’s important to research the fund before putting your money into it. Many funds have different expense structures and it’s important to understand these properly. The liquidity of the fund is also important, as many funds sell their units without backing them properly buy gold. This can cause problems later on if several investors start selling their units, the fund may not have enough assets to back themselves up.

The legal monetary value stamped on a coin.

The open area or background on a coin.

The purity of a precious metal measured in 1,000 parts of an alloy: a gold bar of .995 fineness contains 995 parts gold and 5 parts of another metal.

The metallic weight of a coin, ingot, or bar, as opposed to the item’s gross weight which includes the weight of the alloying metal.

The Eagle is the American one ounce 22 karat gold coin, first issued in 1986.

A future is a financial product where you take a product position now, and the settlement date is a pre-decided date in the future. This means that you don’t have to pay for the entire amount at this point in time and the seller also doesn’t need to deliver any gold to you. Many investors speculate on gold future trades, in an attempt to buy and sell before the delivery date and simply pay out their gains and losses. You need to pay a margin when buying a gold future. A margin is a down payment that locks you into the deal, reassuring the seller that you will not walk away. One needs to be aware that if the price of gold falls during that period, the margin needs to be topped up.

These are reserves of gold held by the central banks of governments for numerous purposes such as currency protection and managing balance of payments deficits, etc. Governments often top-up gold reserves in times of economic uncertainty

The amount of silver you can buy with the same money it costs to buy one ounce of gold at any given point in time based on their spot prices. So, a ratio of 85 would mean that 1 ounce of gold would buy 85 ounces of silver.

A SIPP is a self-invested personal pension plan . Gold can be part of this plan as an investment and SIPP options are available with physical gold. SIPP plans in the UK are capital gains tax-free in addition to which the government might pay up to 45% of the cost of your gold investments . The important thing to note is that the gold will not come to you physically and will be held by your pension fund. There are also certain administration fees that you may need to pay to your pension fund when you invest in such a scheme.

A monetary system based on convertibility into gold; paper money backed and interchangeable with gold.

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C – G

An ingot is a form of gold bar, which gets its name from the mould in which the bar is cast

The value of a coin’s metal content, based on its spot price .

A piece of silver with a purity of less than 90%.

From the Greek word “keration”, meaning carob bean, the term karat is now used to indicate the proportion of gold relative to other substances within a metallic material. One carat is equivalent to a fraction of one twenty-fourth. Gold purity can also be quoted in thousandths, with 24-Karat gold referring to around 999 thousandths. The typical gold bar will have a minimum of 23.88 Karats (or 995 thousandths), and the minimum gold content required to mint any marketable gold coin is 21.6 carats or 900 thousandths.

The Krugerrand is the South African one ounce 22 karat gold coin, first produced in 1967.

This is a wholesale market trading in gold and silver, which is over the counter. Members of the LBMA are usually refiners are bullion dealers, activities are overseen by the Bank of England

Currency in specified denominations which you could use as payment. Legal tender coins have a face value (i.e. Britannia £100) but the gold content is far more valuable than the amount written on it.

The ease in which an asset can be turned into cash.

Twice daily bidding sessions in London of five major gold firms, at which the price of gold is “fixed” or set.

A shiny appearance on the surface of a coin, usually an uncirculated coin.

The Maple Leaf is the Canadian one ounce 24 karat gold coin, first produced in 1979.

The price at which a coin or bullion item trades.

The mintmark is a letter or symbol on a coin that identifies where that particular coin was produced.

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C – G

The Nugget is the Australian one ounce 24 karat gold coin, first produced in 1986. A gold nugget is also a form of naturally occurring gold in its non-refined state, e.g. as found in a gold mine.

Coins whose prices depend more on their rarity, condition, dates, and mint marks than on their gold content alone.

A collector and student of money, especially coins. Numismatic refers to coins of a more historical and collectable nature.

The obverse is the front of a coin, usually consisting of the image of one or more people. The reverse is the rear of the coin which often features a picture or design.

Ownership of gold or silver which isn’t tangible. Examples are Electronic Traded Funds (ETFs), mining shares, precious metals funds.

The Philharmonic is the Austrian one ounce 24 karat gold coin, first produced in 1989.

Real gold and silver which can be touched and held. Common forms are bars, coins and jewellery.

An arrangement whereby the investor’s precious metals are held by a third party and mixed in with those of other investors. It is common practice for pooled accounts to actually contain less precious metals than it should.

The additional cost of a gold or silver coin or bullion over and above the spot gold/silver price, including the costs of fabrication, and distribution. Rare coins carry an additional premium called numismatic value which is based on scarcity, quality, demand and intangible factors.

Each Proof coin is carefully inspected throughout the manufacturing process to make sure that only perfect specimens are issued. Proof coins are usually of a limited issue and often have employed different minting techniques to produce a highly polished mirror finish to the field (background) and a matt finish to the raised features.

Bullion coins that have not been certified or encapsulated

A safe haven asset is where people typically invest in times of political turbulence or uncertainty. Gold is known as the ultimate safe haven.

Your gold/silver coins or bars are kept apart from other investor’s precious metals. Just as importantly the gold/silver does not fall onto the balance sheet of either the dealer or the storage facility. This means that in the event of either another investor, the dealer, or indeed the storage company itself going bankrupt, your precious metals are fully protected and cannot be touched by creditors.

A Self Invested Personal Pension (SIPP) is a UK retirement plan offering the investor the widest possible choice of investments. Investors are able to obtain a discount of up to 50% through tax relief as gold bullion is the only commodity to qualify for a SIPP.

The Sovereign is a British coin weighing 0.2354 oz and was first produced in 1489.

The difference between the bid and ask price (i.e. the price where we would buy or sell the gold/silver).

A standard of silver defined by law as 925 parts pure silver per 1000 parts overall. Sterling silver is the principal standard in the UK and USA.

An asset which is tangible i.e. is capable of being felt or touched, something which has real substance and is not imaginary. Hence the name of our Company, Physical Gold.

The standard weight in which gold and silver are quoted in the international market, weighing 31.1035g.

A tax added to certain products and services at sale. The percentage is currently 20%. There is no VAT to pay when you buy investment grade gold coins or bars. This is a great advantage over silver and platinum, both of which generally attract VAT. You’re now able to also buy physical silver through Physical Gold Ltd without being charged VAT.

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Blog

5 Gold/Silver Related Mobile Phone Apps

Best gold and silver apps

The all penetrating world of apps has ensured that today there’s an app for almost anything. Sure enough, it’s no different for investors and enthusiasts of gold and silver. From price trends to authenticity testing, there’s a range of apps out there for precious metals. Let’s take a quick look at some of the best smartphone apps related to gold and silver.

1.  Gold and metal detector

The app is targeted at users who want to look for their gold or silver jewellery lost inside the home. The app actually works for most metals, however, users tend to use it to mainly look for their lost gold rings or silver bracelets and the like. Basically, the app uses a magnetic sensor built into most mobile phones to look for metals. Like most metal detector apps, the app measures magnetic field values and detects metals by identifying them when they are within range.

2.  Gold price live

Gold price live is an app created by goldprice.org. It provides investors with silver and prices in the form of charts and graphs on a real-time basis. Investors can also view historical data, which helps them track the value of their investments over time. These are available to view through charts that display data on a monthly, half-yearly and yearly basis. Data is also available for 5 and 16 year periods in most national currencies. The prices are available to view in most fiat currencies across the world. The app updates global prices of precious metals every ten seconds, so it’s pretty current when it comes to accurate pricing. The app is available free for both Android and iOS platforms.


Download our FREE Cheatsheet to Investing in Gold and Silver HERE


3.  Moneycontrol market

Another snazzy app for you, if you’re a blackberry user is money control market. Although aimed primarily at Blackberry users, which is a bit out of date, the app posts real-time updates on commodities like gold and silver, as well as global stock markets. The app is downloadable from the blackberry app world and gives investors a complete bird’s eye view, not just on gold and silver, but debt and equity investments as well.

gold and silver apps
Smartphone apps for gold and silver investors are using innovative technologies

4.  The CoinTrust app

The CoinTrust app is an app that detects counterfeit gold coins and silver coins. It does this by cleverly using a bit of science. Basically, the app records a sonic signal that comes from your gold/silver coin. In order to do this, a user needs to find the relevant coin on the app, switch on the recording and then spin the coin. The app records the sound spectrum of the coin as it clatters against a hard surface and then analyses and compares the sound spectrum with the original recording of the coin stored within the app. Currently, the app has free patterns for the Gold Krugerrand and the Silver Maple Leaf. More patterns are being released soon.

5.  Auracle

Yet another gold and platinum tester on the market is Auracle. Insider's Guide to gold and silverThe app is more advanced as it uses pen probe technology to detect the purity of gold and platinum. It also displays the karat value of the metal on the screen, with a range between 6 to 24 karats.

Call us for advice regarding your gold investment plans

Apps may be a handy tool to have when detecting a fake at home, but to get real expert advice about buying gold or checking genuine coinage, talk to our team of precious metals and numismatics experts. Call Physical Gold now on 020 7060 9992 or email us to get in touch with a member of the team. We’d love to hear from you and our experts can give you some great tips on gold and silver investing. Call us now.

 

Image credit: Pxhere

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Guides

Coin Sets

coin setsCoin sets usually consist of proof coins. A proof coin is a coin struck using a special, high-quality minting process. These coins were historically produced for checking the production dies and for archival purposes, however nowadays these higher quality coins are often produced in greater numbers especially for coin collectors / numismatists.

Proof production usually involves polishing of the production dies and often uses chemicals to make certain parts of the design take a matt appearance, with the polished fields displaying a mirror finish. They can often be distinguished from bullion coins by their sharper rims and more defined design. An easy way to understand the different look between proof and bullion is to imagine the enhanced sharpness an HD television offers over standard definition.

Proof coins are sometimes sold in encapsulated tamper-proof plastic casing straight from the mint. The casing maintains their pristine condition, and integrity. Others may simply be presented in a wooden presentation box.

coin sets
A collector’s gem – here we can see a coin set with US 1924 20 dollar gold coins

These coins are often produced in limited issue, often adding to their collectable appeal. Commonly proof coins will come in a set of several proof coins, perhaps including all fractional denominations of a certain coin. These sets are usually beautifully packaged and can make great presents.


Sell your gold coins at the maximum price. Find out the 10 secrets..


The cost of proof coins is generally 10-25% higher than their bullion version, even though they have the same gold content and are of the same purity. When you come to sell a proof coin it is unlikely you will receive the full premium back, and for this reason these coins are not the best form of gold to purchase for investment purposes.

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Coin Sets

Originally, gold proof coins were intended as pre-production samples. Traditionally the mint would produce a small range of proof copies ready to be approved by the monarch- going some way to explain why they are produced to such a superior standard of finish. Several techniques are undertaken in order to achieve an appearance that is close to flawless, with the resulting proof coins then individually inspected and packaged.

As such these types of coins are perfect for the more sentimental collector. Those with a keen interest in the history of their investments often opt for gold proof coins.

coin sets
Proof coin sets like the one above are popular among numismatists

Proof Coins

Sold individually or in sets, proof coins are purchased

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for a variety of purposes. Whilst they are sometimes bought as an investment, those with a keen eye for profit are morely likely to opt for bullion coins. On the other hand, coin sets are ideal as presents, keepsakes or historical artefacts. The exquisite detail of proof coins coupled with their aesthetic appeal

has made them something of a must amongst numismatists.

As a keen numismatist, it’s important to know more about proof coins. These coins are usually struck with special dies. Each coin is struck twice at the minimum and finished with special polishes. While they do not enter circulation, their look and feel are quite different from standard coinage that is not circulated. They possess an aura and lustre of their own, that makes it attractive to collectors.

Reason for proof sets

Of course, the purpose of the proof sets is to finalise the production run. The proofs are reviewed and approvals procured by the mint to ensure that the coin is suited for release. 1936 saw the first proof sets being minted and this tradition continues even today. Proof sets are popular amongst collectors, for their look as well as affordability as a type of gold investment. Numismatists prefer investing in collectable coins instead of bullion bars. These coins may be cheaper in certain cases, simply because they never entered circulation. Proof sets often come in their original packaging, which is left undisturbed by the collectors in order to enhance their value. Mints across the world have picked up on the numismatic trend of collecting proof sets and they often release a collection of proof sets aimed at the collectors.

Mint sets

Many people confuse proof sets with mint sets. They are actually two different things altogether. Unlike proof sets, there are no special dies or finishing polishes used to make these coins. Mint sets, however, do mean exactly what the name implies – that the coins are in mint condition, untouched and uncirculated. The principle is the same as mint condition vinyl LPs or collectable books that have never been taken out of their original packaging, untouched by the hands of man. This is the intrinsic value that it commands amongst collectors.

Untouched and uncirculated

Of course, they come with their original packaging intact and un-tampered. For example, the US releases complete mint sets for collectors on a yearly basis. This means that each set contains uncirculated coins struck by every US mint for that year. Currently, the US has four mints that are active. These are San Francisco, Denver Colorado, Philadelphia and West Point. Now, each set will have one mint condition, untouched and uncirculated coin of every denomination released for that particular year. Mint sets may also have old and rare coins, which makes them even more valuable and desirable to collectors. The 1996 Roosevelt Dime is a classic example of a rare coin that was never circulated and its untouched mint set commands considerable value among avid collectors and numismatists alike.

Gold Proof Coins

Experiencing a boom in collector popularity during the 1930s, minting methods have actually improved through the decades, resulting in superior proof finishes. Despite this it is not unusual to notice toning, spotting or discolouration, however they will be free from signs of wear and tear, due to not having been in circulation.

Talk to our gold experts before investing in coin sets

At Physical Gold, our gold experts can advise you on the best deals when it comes to coin sets. Given that there is a wide variety of choice among these collectable sets, its best to have an expert advise you on the best buy for your portfolio. If you are buying a coin set from us, you can rest assured that every item we trade comes with a certificate of authenticity and a complete buyback guarantee.

Physical Gold is proud to be one of the most reputed online gold and precious metals dealers. Our numismatic experts are second to none in the quality of service and knowledge. We love speaking to customers just like you every day and our team of experts can advise you on how to build a robust and lasting gold portfolio that will truly stand the test of time. Call us now on 020 7060 9992 or contact us online by sending us an email through this link. Once a member of our team receives your message, we will be in touch right away.

 

Image credits: Wikimedia Commons and Wikimedia Commons

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