I bought a bunch of gold and silver Britannia coins a while back from a precious metals dealer based in the Birmingham Jewellery Quarter. Most of the gains I made on my investment where lost due to the recent pull back in gold from its high in the late $1800's to today's spot trading price in the $1600's. Below are the relevant one year charts showing the highs and the dips that followed.
 |
| Gold 1yr Chart |
 |
| Silver 1 yr Chart |
The same and even worse can be said for the fall in the traded price of silver with a near 50% drop from its highs only weeks ago. However, individual bullion coins have retained much of their value in relation to their paper/ traded counterpart.
For interest sake and only by chance, I had recently transferred some savings over from South Africa
 |
| ZAR/GBP 6 months Chart |
Those with Euros should perhaps start looking for safer currencies and/or use some of them to buy a few gold bullion coins. The same applies for US Dollars, as they are unlikely to remain at today’s levels for many more years.
No comments:
Post a Comment