This web page comes in 4 parts:
– Gold Overview & My Commentary
– Continually Updated Article & Analysis Feed
– Viewer Q&A
– All My Videos On The Subjects Of: Gold, Hard Money, Finance, Economics etc
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Gold – Some Questions Answered
https://godfreybloom.uk/wp-content/uploads/2023/10/Gold-Some-Questions-Answered.pdf
Gold has been money for 5000 years. Quite a provenance. The reason is that it does not decay physically or monetarily.
As I always point out to undergraduates: a gold sovereign would buy you bed & breakfast in a good London, Paris or New York hotel 150 years ago – and it would buy the same today, and will in another 150 years.
Historically paper money is a new invention, with a very sorry provenance.
In 1971 the United States came off the gold standard (currency backed by gold) to fund the Vietnam war with printed currency. The result was a fall in the purchasing power of the dollar against gold by 94%.
Similarly this has happened to all other global paper currencies.
Paper money is simply a credit note by a bank – underwritten by politicians. It’s value degrades with corruption. Just remember what you paid for a pint of beer or family car 20 years ago.
But remember gold is not an investment. It is a preserver of wealth as the hotel analogy shows. Thus gold coins are for people who want to seal in the spending power of their savings for the long term.
It is not a reasonable or recommended move to buy & sell Gold coins over the short term (trading). Buying & selling fees at most dealers, especially for smaller amounts, make this an unviable option – you will just lose money.
It helps when dealing to know what coins or bullion you need & an idea of the amount you want to spend.
Remember: Gold Sovereigns (Coins) in the UK are Capital Gains Tax & VAT Exempt. They are classed as Coin Of The Realm.
Silver coins are not treated the same – with silver coins, VAT is charged at 20% if you take delivery. So you have to hope for a 20% upward movement just to break even (not including potential selling fees or spread)!
When buying Gold Coins remember the golden rules:
- Find a reputable dealer.
- Check the buy/sell price on offer.
- Take delivery if you can. If you cannot, use a reputable safe deposit house. There will be one in your nearest big town.
- Buy coins for bullion value & tax benefits, not collectability.
- Don’t trade (buy/sell in the short term), they are for the long haul, be patient.
Buying & selling gold is very easy.
Different dealers have different minimum buy requirements.
In general, bigger purchases give a better overall price.
Larger purchases require ID protocols, a regulatory requirement, but are standard practice and nothing to worry about.
Due to recent unprecedented Gold demand; Gold deliveries from all dealers may be slightly delayed, this does not affect the buying/strike price.
See my videos on the topic for more information below.
Comments as always are welcome. Please use my contact page to reach me if you have any questions and I will add to the Q&A Section below.
Cutting Edge & Important Articles
- THE GREAT & THE GOOD CATCH UP WITH ME!
https://www.honestmoneyinitiative.com/watch/ - Safe Haven Gold Demand To Disrupt The FED’s Risky $1.784 Trillion Lifeline (Nov 3 2023)
https://youtu.be/ZylNkz_flpw?si=xjeyungyDROHxyh9 - Simon Hunt: Global Weather: Why it will help Define the Coming Economic Cycle (Oct 2023)
https://godfreybloom.uk/wp-content/uploads/2023/10/Thought-for-the-Day-Global-Weather-Why-it-will-help-Define-the-Coming-Economic-Cycle.pdf - Basel III Breakdown (Oct 20 2023)
Heavy going, my breakdown:
https://godfreybloom.uk/wp-content/uploads/2023/10/basel-3-breakdown.txt
https://www.youtube.com/watch?v=ZMAwDI46pFw
Supporting Articles & Material
- Goldmoney Research Homepage – Alasdair MacLeod
https://www.goldmoney.com/research
Gold Switzerland Homepage – Egon Von Greyerz
https://goldswitzerland.com/
Precious Metal Advisory In Switzerland – Claudio Grass
https://claudiograss.ch - The Fed Will Revalue Gold In 2024 (Nov 17 2023)
https://www.youtube.com/watch?v=jh0QxTF2hes - Dutch Central Bank Admits It Has Prepared For a New Gold Standard (Nov 19 2023)
https://thegoldobserver.substack.com/p/dutch-central-bank-admits-it-has - Gold Demand Trends Q3 2023 (Oct 31 2023)
https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q3-2023 - A Brief History Of The Gold Standard – Alasdair Macleod (Sept 2023)
https://www.goldmoney.com/research/a-brief-history-of-the-gold-standard - Gold Is Exposing The Myth Of Deflation In Japan
https://www.youtube.com/watch?v=d42KPn3rZZw - The Swiss Franc’s “Phenomenal” Bull Run (Sept 2023)
https://going-postal.com/2023/09/the-swiss-francs-phenomenal-bull-run/ - Constructive & Destructive Roles Of Credit
https://schiffgold.com/commentaries/constructive-and-destructive-roles-of-credit/ - Don’t Rely On GDP
https://schiffgold.com/commentaries/dont-rely-on-gdp/ - Central Bank Gold Buying Continued To Sizzle In August
https://www.zerohedge.com/markets/central-bank-gold-buying-continued-sizzle-august - Unwinding The Financial System
https://schiffgold.com/commentaries/unwinding-the-financial-system/ - The End Of The Road For The Dollar
https://schiffgold.com/commentaries/the-end-of-the-road-for-the-dollar/ - There’s A Herd Of Elephants In The Room
https://schiffgold.com/commentaries/theres-a-herd-of-elephants-in-the-room/ - Say’s Law Says It All
Heavy going but the fundamental point is that fiat currency is international policy.
https://www.goldmoney.com/research/says-law-says-it-all - Dollar Hegemony Ending Due To Geopolitical Changes
https://mises.org/wire/dollar-hegemony-ending-due-geopolitical-changes - Biden Retiring The Dollar?
https://pro.paradigmnewsletters.org/p/awn_bidenbuckstac_1022/LAWNZ813/?h=true - German Central Bank Gold Revaluation Account
https://www.zerohedge.com/commodities/german-central-bank-gold-revaluation-account-underlines-soundness-balance-sheet - China Buys 23 Tons Of Gold In 9th Straight Month Of Purchases – Total: 2137 Tons
https://www.zerohedge.com/commodities/china-buys-23-tons-gold-9th-straight-month-purchases-total-rises-record-2137-tons - Keeping Your Head Amidst Debt Blind Madness
https://goldswitzerland.com/keeping-your-head-amidst-debt-blind-madness/ - Inflation Will Return
https://www.goldmoney.com/research/inflation-will-return-july-2023 - The People’s Bank Of China Manipulates The Shanghai Gold Exchange Gold Price
https://thegoldobserver.substack.com/p/the-pboc-manipulates-the-sge-gold - Which Assets Perform Well In Recessions
https://goldswitzerland.com/recession-ante-portas-which-assets-perform-well-in-recessions/ - Despite Declining Price – Gold Is Strengthening
https://thegoldobserver.substack.com/p/despite-declining-price-gold-is-strengthening - Geopolitical Evolution
https://www.goldmoney.com/research/geopolitical-evolution-2023 - BRICS: The West Tries Playing Catch Up But It Is Too Late
https://english.almayadeen.net/articles/opinion/brics:-the-west-tries-playing-catch-up-but-its-too-late - Updating Say’s Law For Modern Times
https://www.goldmoney.com/research/updating-say-s-law-for-modern-times - The Commercial Real Estate Tsunami Just Shifted Into Another Gear
https://www.lewrockwell.com/2023/06/michael-snyder/the-commercial-real-estate-tsunami-just-shifted-into-another-gear/ - Become Smarter Than The Policy Makers – Become Your Own Gold-Backed Bank
https://goldswitzerland.com/think-smarter-than-the-policy-makers-become-your-own-gold-backed-bank/ - Inflation Is Not An Act Of God – Godfrey Bloom & Claudio Grass
https://claudiograss.ch/2023/06/inflation-it-is-not-an-act-of-god/
https://www.youtube.com/watch?v=cccnI10YfCg - Front Running The Fed: How Gold & Chess Players Beat a Rigged Market
https://goldswitzerland.com/front-running-the-fed-how-gold-chess-players-beat-a-rigged-market/ - Winston Churchill’s Gold Standard Folly
https://fee.org/articles/winston-churchill-s-gold-standard-folly/?utm_source=email&utm_medium=email&utm_campaign=2020_FEEDaily - Sterling Crisis Ahead!
https://www.goldmoney.com/research/sterling-crisis-ahead - The Dangerous Direction Of Fed-Speak & Fed-Policy
https://goldswitzerland.com/facts-vs-fed-speak-a-comical-history-with-tragic-consequences/ - Gold’s Key Indicator
https://goldswitzerland.com/golds-key-indicator/ - Death Of The US Dollar & The Rise Of Gold
https://goldswitzerland.com/piepenburg-macleod-death-of-the-us-dollar-and-the-rise-of-gold/ - Dollar Woes & Debt Denial – The USA Is Screwed
https://goldswitzerland.com/dollar-woes-to-debt-denial-the-usa-is-screwed/ - Why Are ?Banks Buying Up All Of The Gold?
https://www.youtube.com/watch?v=Q-5GORxIJPI - Insights On The Rotten State Of The Banking System – Egon Von Greyerz & Alasdair MacLeod
https://goldswitzerland.com/von-greyerz-macleod-insights-on-the-rotten-state-of-the-banking-system/ - De-Dollarisation Kicks Into High Gear
https://www.lewrockwell.com/2023/04/no_author/de-dollarization-kicks-into-high-gear/ - Forecasting The Gold Price Is A Mug’s Game
https://goldswitzerland.com/forecasting-the-gold-price-is-a-mugs-game/ - US Bank Trouble Heralds The End Of The Dollar Reserve System
https://www.zerohedge.com/geopolitical/us-bank-trouble-heralds-end-dollar-reserve-system - A Bank is a Bank, is a Bank – Parts 1 & 2 – Claudio Grass
https://claudiograss.ch/2023/04/a-bank-is-a-bank-is-a-bank/
https://claudiograss.ch/2023/04/a-bank-is-a-bank-is-a-bank-2/ - How Quickly Will The Dollar Collapse? – Alasdair MacLeod
https://www.goldmoney.com/research/how-quickly-will-the-dollar-collapse-2023 - The Great Credit Unwind Pivot – Alasdair MacLeod
Important Technical Briefing
https://www.goldmoney.com/research/the-great-credit-unwind-pivot - Banking Crisis: The New Bailout Strategy
https://claudiograss.ch/2023/03/banking-crisis-the-new-bailout-strategy-2/ - In The End, The $ Goes To 0 And The US Defaults – Egon Von Greyerz
https://goldswitzerland.com/in-the-end-the-goes-to-zero-and-the-us-defaults/ - The Lost World Of The Barbarous Relic
https://www.lewrockwell.com/2022/12/george-f-smith/the-lost-world-of-the-barbarous-relic/ - The Debate Between Gold & Bitcoin In 2023
Needs reading twice, even for the professional.
https://godfreybloom.uk/wp-content/uploads/2023/02/2022.12.08-The-debate-between-gold-and-bitcoin-in-2023.pdf - Gold In 2023 – Alasdair MacLeod
https://godfreybloom.uk/wp-content/uploads/2023/02/2022.12.29-Gold-in-2023.pdf - The Benefits Of A Savings Culture – Alasdair MacLeod
https://godfreybloom.uk/wp-content/uploads/2023/02/2023.01.04-Benefits-of-a-saving-culture.pdf - As West Debts & Stocks Implode, East Gold & Oil Explode – Egon Von Greyerz
https://goldswitzerland.com/as-west-debt-stocks-implode-east-gold-oil-will-explode/ - Goldmoney Insight: A Tale Of 2 Worlds – Alasdair Macleod
The West’s Monetary Decline – While China & Russia Accumulate Enough Gold To Implement A Gold Standard
https://godfreybloom.uk/wp-content/uploads/2023/02/2023.02.02-A-tale-of-two-worlds.pdf - Goldmoney Insight: Money & Recession – Alasdair Macleod
https://godfreybloom.uk/wp-content/uploads/2023/02/2023.02.10-Money-and-recession.pdf - Legal Definitions Of Money & Credit – Alasdair Macleod
Definitive History Of Gold – Straight Off The Shelf
https://www.goldmoney.com/research/legal-definitions-of-money-and-credit - Gold’s Climb Amidst Wisdom’s Decline – Egon Von Greyerz
https://goldswitzerland.com/golds-climb-amidst-wisdoms-decline/ - Why Gold Has Out Performed The S&P 500 Over The Past 20 Years
https://www.investing.com/analysis/why-gold-has-outperformed-the-sp-500-over-the-past-20-years-200589411 - The $2.5 Quadrillion Disaster Waiting To Happen – Egon Von Greyerz
https://goldswitzerland.com/2-5-quadrillion-disaster-waiting-to-happen-egon-von-greyerz/ - Gold & Silver Charts
https://kingworldnews.com/frustrated-with-gold-silver-check-out-these-remarkable-gold-silver-charts/ - The Upside Down World Of Currency – Alasdair Macleod
Technical – Needs reading twice for the layman.
https://www.goldmoney.com/research/the-upside-down-world-of-currency - Top 3 Outcomes As The Elites Try To Reset The World Monetary System (Caution: Speculative)
https://www.lewrockwell.com/2022/10/no_author/the-top-3-outcomes - Goldmoney Insight: Imploding Credit – The Consequences
A very comprehensive historical guide to gold – by Alasdair Macleod, Head of Gold Money Research. Well worth the time to read it before buying gold.
https://godfreybloom.uk/wp-content/uploads/2022/10/2022.10.06-Imploding-credit.pdf - There Is Going To Be A New World Disorder – Egon Von Greyerz
https://goldswitzerland.com/there-is-going-to-be-a-new-world-disorder/ - Credit Suisse & USD Policy: Signposts of Systemic Implosion to Gold Explosion – Egon Von Greyerz
https://goldswitzerland.com/credit-suisse-usd-policy-signposts-of-systemic-implosion-to-gold-explosion/ - World Dollar Hegemony Is Ending – Patrick Barron
https://going-postal.com/2022/10/world-dollar-hegemony-is-ending/ - Inflation – The Hidden Tax
https://twitter.com/steve_hanke/status/1578197919857008640?s=20&t=PTb8T420eea5WRIB4KPSaA - Gold About To Make New Highs In GBP Terms
https://twitter.com/TaviCosta/status/1574245574332645376?s=20&t=jkaz_52zB22H2v3y7IAL0Q - The Economy Had To Be Shut Down – Inflation Rates By Country
https://twitter.com/SimonElmer2022/status/1581633608552284160?s=20&t=UY8_ZnA-s4cWsJ73GIwG0A
Q & A Section
Your Questions Answered! Money, Gold, Banking, Economy Q&A 7/7
Your Questions Answered! Money, Gold, Banking, Economy Q&A 6/7
Your Questions Answered! Money, Gold, Banking, Economy Q&A 5/7
Your Questions Answered! Money, Gold, Banking, Economy Q&A 4/7
Your Questions Answered! Money, Gold, Banking, Economy Q&A 3/7
Your Questions Answered! Money, Gold, Banking, Economy Q&A 2/7
Your Questions Answered! Money, Gold, Banking, Economy Q&A 1/7
- Premium Bonds:
Premium Bonds are a loan to the UK government. In place of a coupon (interest) they put the yield into a reserve & distribute that reserve in prizes.
The current yield is circa 4% (10 years).
Are they safe? Safer than banks yes.
But with inflation at circa 11% your investment must drop by 11%-4%=7% year on year.
So a premium bond holder in the medium long term must lose.
A bit like the casino roulette wheel, eventually the house wins.
Remember, Gordon Brown sold your gold holdings in the late 1990s at $250 per ounce – I was buying. - Silver:
I hold plenty but it is an industrial as well as monetary metal.
The ride is bumpy therefore, it looks cheap today, but I thought it was a steal at $25 per ounce! Ouch !
Given VAT at 20% if you take delivery – and a current 10%-15% premium, it is simply an unrealistic choice for investment – you will need a 35% move upward to simply break even. Scrap Silver or buying coins peer-to-peer could be options, but its a buy only for the brave – and you must do your due diligence on the latter matters. Gold first.
My Videos On Gold, Inflation, Currency & More
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Central Banks Scramble For Real Money…Gold! What Does This Mean?
Godfrey Bloom World Economic Forum Speech: The Great Reset, CBDCs – At The Great Resist
Another Bank Down! Time To Exit Their Corrupt Game!
Surviving The Banking Collapse – Hard Money Is Key!
How Can I Buy Food With Gold!? Big International Gold Moves & BRICS
Gold, China & The Death Of The Dollar – With Alasdair Macleod
Banks Controlling Your Spending – How To Protect Yourself & Inflation Explained
BEWARE Nationwide Bank – Now CONTROLLING Your Spending Freedom!
Selling Gold UK: How To Get The Best Gold Selling Price
How To Protect Your Family Against Relentless Tax
Inflation Is Not An Act Of God! Godfrey Bloom & Claudio Grass – Money, Gold, WEF & More
How Money & Banking REALLY Work, Collapse & Corruption – Godfrey Bloom & Sonia Poulton
Buying Gold UK – How To Safely Store Gold?
Central Bank Digital Currency – How Will A UK CBDC Affect You?
CBDC – EU's Lagarde Exposes Elite's Digital Currency Conspiracy! Godfrey Bloom & Alasdair MacLeod
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Regulated Gold Dealers
The Pure Gold Company
Speak to my trusted broker Dan Alderman
R C Baird & Co
Bullion by Post
Atkinson of Birmingham
This page only recommends institutions after a due diligence procedure & encourages all subscribers to perform as much personal research on all aspects of Gold Purchase as they can.
