South African Krugerrands - Rand Refineries
We have just reached an agreement in principle, for us to receive direct supplies of new Krugerrands from the source, the Rand Refinery in South Africa, as their sole UK distributor. We expect to start receiving direct shipments during May 2009. From then, these may be added to our list of " Our Choice
" one ounce gold bullion coins. In the interim, we have sourced a few hundred pieces of 2009 one ounce Krugerrands
from a fellow European distributor, and these should arrive with us about 2nd April 2009. We are now accepting orders for these at a small extra premium.
Gold Eased Back after Breaking New All Time Record High Prices in Pounds Sterling and Euros February 2009 saw several all-time highs. Our advice is to buy on dips.
One Ounce Gold Britannias
Our continuing negotiations with the British Royal Mint about direct supplies of one ounce gold bullion Britannias have at last paid off. We have had to commit to 9,000 pieces, which works out at about £6 million at current gold prices. We are beginning to think we are undercapitalised! Our first delivery is promised for the last week in April 2009. These coins should be dated 2008, probably because they have already sold one of our competitors some of the 2009 dated coins at a higher premium, and possibly given them a one year exclusivity deal. We are happy to accept this, partly because the 2008 coins have an attractive design, partly because, for most British investors, the date and design is not important, but the Capital Gains Tax Exemption
makes Britannias (and sovereigns) financially more attractive.
Mayhem Easing? Although demand for investment gold bullion coins continued strongly during March, we believe that the newly minted coins which we have been able to source means that supply is a little closer to meeting demand. We expect our new distribution arrangements to help supply to meet demand, at least in the UK. However, we still notice people idiotically paying far too much for common bullion coins like Krugerrands, when perfectly good alternatives are available at lower prices.
The Royal Mint Anounces its 2012 Olympics Programme We would have deferred the launch from April 1st to April 2nd though!
August Slowdown 2008 How annual European holidays affect the physical gold bullion market.
September Silly Season 2008 In recent years, it has taken longer for supplies to return to normal after the break.
October Goldfest 2008 In October 2008, it already looks like gold buyers are in a festive and merry mood.
November News 2008 Nearing normality in November?
December Deliveries 2008
We received our order for 5,000 x 2008 new "bullion" sovereigns from the Royal Mint around the 8th December, and sold out within a few days. We immediately re-ordered another 500, but can't have them before the end of February, possibly early February.
January Junket 2009 We also have an order for a further 5,000 new "bullion" sovereigns, which we believe will be ready for us on 6th January 2009.
February Fasnacht Festival 2009 Including news from the World Money Fair in Berlin.
March Mayhem?
The 1st of March 2009 saw the official launch of the new one ounce " Pacific Sovereign
" made for Fiji by the New Zealand Mint. We expect to receive one of the very first deliveries.
Please watch this space.
Flexibility We would remind potential investors to read our "flexibility" page, part of the gold investment advice section of our website.
Investment Advice
You may wish to look at our gold investment advice
page.
Identification
Please be aware that for callers to our showroom hoping to buy Investment Gold
we must see two forms of identification. Please see our identification page
for further details.
Gold Prices
There are now live spot gold prices available on this website, please see our gold prices
page.
Reverse of 2009 Krugerrand
Reverse of 2008 One Ounce Gold Bullion Britannia