BullionBuyer

https://www.bbc.co.uk/news/uk-england-humber-63179607

https://www.bbc.co.uk/news/world-middle-east-63122180

Better start knocking down some of my walls to check if there is anything in them!!!!!!

The goddess Laxmi is the Hindu goddess of wealth and prosperity whilst the first coin (top left) is Lord Ganesh the Hindu god of wisdom and remover of all obstacles.

Great advice by @Tn21 if you are interested in precious metals for the long term. For me what matters is not what I pay but how much do I have. Short term fluctuations in price is just a distraction and we all know that PM prices  are trending up over the long term. 

Welcome friend

28 minutes ago, Roy said:

They own gold from the day they are born 😊

Yes - they redefine gold stacking. Multi-generational stackers!!!!!

It makes you wonder how much gold is held in private hands in countries like China and India. 

I've used BBP on numerous occasions and never had a problem. Great customer service.

Very inspiring @Abyss- congratulations on your achievement.

13 hours ago, MancunianStacker said:

Great video on the US debt clock and a comparison of the “price of gold” from 1900 to today:

 

Thought it was interesting to hear Nixon say that the US was temporarily removing the conversion of the USD into Gold. When did this become permanent???? or maybe 48 years and counting is seen as temporary.

26 minutes ago, Mcgrimes said:

I’ve never tried to exchange metals for money in another country, but I assure you that scrap yards exist internationally.

My point is that just because you admire gold, doesn’t give it magical properties amongst other stores of value. 

Id argue the only universal currency is the US Dollar as it is recognised pretty much everywhere. You can take it to most countries and exchange it for gold, oil and even their local fiat. I bet you’d get a better spread as well

I don't know of many other things, other than gold,  that can still have a store of value after 2000 years and where the real value of that has been maintained. Surely it is this property that makes gold 'magical' over all other metals.

The USD is a fiat currency that has lost 95% of its real value over the past 100 years or so. Only gold has maintained its real value over this time. 

3 hours ago, Mcgrimes said:

You can exchange most metals in all countries - gold just has a higher value per unit weight than most

No you can't - have you ever tried to exchange base metal for fiat currency in another country. You can however with gold and silver which are recognised as having a store of value and being accepted as a form of money.

11 hours ago, cravethatcoin said:

The issue with comparing it to the debt is that we aren't on a gold standard so it's not relevant.

The price of gold is worth what someone will pay for it. Right now I think $2000 is about what someone would pay for it. No one will spend $10,000 or even $5000 for 1oz of gold.

Just because we are not on the gold standard does not mean that we cannot price things in gold. Gold is a currency after all - in fact it is THE universal currency - more so than the Dollar. 

I think you are right in that the price of gold will ultimately be driven by the supply and demand of physical gold. Today gold price MAY be manipulated (COMEX market for example or the disclosure of traders who have admitted to manipulating price- can't remember which banks) but ultimately when the SHTF it will be real demand and supply that will determine price. 

Jim Richards says that the current true price of gold is nearer to $10k. This is based on the current levels of global debt divided by the money supply and assuming that 40% of the money supply is backed by gold.

Alternatively, pick one from any one of these!!!!!!!

https://www.providentmetals.com/knowledge-center/precious-metals-resources/gold-silver-quotes.html

"If you don't understand gold then you don't understand money" (JP Morgan????)