Rob64

Probably a bit chicken and egg - does stable gold price cause good times or do good times cause stable gold price?

Sorry - that was me be being facetious - doubt they would even know the current price

Cause or effect though?  If view gold as a hedge against risks, makes sense that in times of good economy, low incident of risk, gold would be steady. 

Thank you for the summary. Makes sense.

Bit dry and dusty to be honest - discussed how from 1870 to 1930 the gold standard worked to help facilitate/expand the industrial revolution and global trade - mostly helped by gold rushes in US and Australia that meant the amount of available gold could back the currency
1930 onwards and gold confiscation - much more about political and economic control by the US - both at home and abroad.
1971 end of gold standard - purely an election ploy by Nixon so he could control interest rates more easily and win the next election.
He had no idea or interest of the effect staying on the gold standard or not.  
 
All the experts agreed gold would be £6,000 and ounce by end of 2022 (not really)
 
 

Bit dry and dusty to be honest - discussed how from 1870 to 1930 the gold standard worked to help facilitate/expand the industrial revolution and global trade - mostly helped by gold rushes in US and Australia that meant the amount of available gold could back the currency
1930 onwards and gold confiscation - much more about political and economic control by the US - both at home and abroad.
1971 end of gold standard - purely an election ploy by Nixon so he could control interest rates more easily and win the next election.
He had no idea or interest of the effect staying on the gold standard or not.  
 
All the experts agreed gold would be £6,000 and ounce by end of 2022 (not really)
 
 

On Radio 4 this morning at 9am - In Our Time with Melvyn Bragg and some experts/academics - always a detailed discussion.
 
 

I think as many have already stated, £2k is a very large premium for a 1oz Bu coin with an unlimited mintage set by the RM.
 @Pampfan did a freedom of information request several years ago, I’ve linked to where you can find the figures below.
At the time of the request there were 22,248 Units of the 1oz Lion sold- the RM didn’t respond to his subsequent FOI requests in terms of updated figures.
I think as @dicker stated, £1600- £1700 is about the mark. 
 
 
 

Thanks all.
I was wavering with some of the questions/comments you all raise - hence the post.
Some new queries there as well - I suppose the availability was the big temptation. Definitely a bit of 'gold fever''.
Slightly less tempted after reading those.
Sound advice.
 
 
 
 

Hi - first post - just looking for some advice/viewpoints.
Been lurking here just picking up info and tips.
I have an opportunity to pick up a bullion 1oz Lion of England for £2,000.
Lots of places on the internet at around the same figure and one or two a bit cheaper (£1,700), but very, very few actually in stock.
This one is ready and waiting. 
I've seen the love for all the QB's here - is this one too good an opportunity to miss?
Any advice/views/comments welcome.