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August Gold Slowdown
Most years we have noticed that Krugerrands, sovereigns, and other bullion coins get harder to source in August, easing in September.

European Holidays
Much of mainland Europe closes down in August, and everybody packs their bags and migrates to the south of France to lie on the beach. For several years now, we have noticed that, even though many of our buyers are also "on holiday" in August, it is harder for us to find enough coins to meet demand and cover our sales. Once we reach September, the situation starts to ease back to normal, although we did observe that, in 2007, this stretched later into September than in other recent years. On this basis, we anticipated that there may be a similar pattern in 2008, and as at 10th September 2008, we are watching for signs that supply will return to normal soon.

Secondary Market
The phenomenon we have described above manifests itself because most of the investment gold bullion we handle comes from the secondary market. If we had to source most of our investment gold coins from the primary (new) market, we would need to increase our premiums ( i.e. charge more). We are reluctant to do this, as we try to provide the most competitive source of physical investment gold possible. As we have mentioned on other pages of our site, eventually we expect the pool of secondary market coins to deplete relative to demand, and when this happens, all premiums will increase accordingly.

August 2008
We created this page in about July 2008, and the most recent edit was August 2010.
The banking and credit crises of October 2008 exacerbated the situation. From then, for about six months or so, some lemmings were paying stupidly high prices for almost any gold coin or bar. Our advice was to avoid doing so, but ours is only one small voice, and many other dealers were actively encouraging people to pay silly prices.
One of the worst places to buy investment gold is eBay, which is populated by many small-time dealers trying to get rich quick at anybody's expense. These cowboys are not interested in any long term relationship with customers, and would rather fleece a mug punter today as there will be many more along tomorrow. To some extent they are right, but we would prefer not to make a fast buck at the risk of future reputation and trust, which we have spent almost 50 years building up.

See also our following pages:

September Silly Season
2008 was the first year things failed to get back to normal.

October Goldfest
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 hear that our order for 5,000 x 2008 new "bullion" sovereigns from the Royal Mint is still on or ahead of schedule, and we should receive them on or before the 8th December date we were previously given.

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? 2009
The 1st of March 2009 should see the 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.
We also have good news about important new distributorships.
Please watch this space.

April Arrivals 2009
The 1st of March 2009 should see the 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.
We should also receive our first delivery of one ounce gold bullion Britannias direct from the Royal Mint.
We should be able to place our first direct order for one ounce gold bullion Krugerrands fro the Rand Refinery, but will probably not receive delivery until May.
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.

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.

Gold - Your Flexible Friend
Gold - Your Flexible Friend


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32 - 36 Harrowside, Blackpool, Lancashire, FY4 1RJ, England. Telephone (44) - (0) 1253 - 343081; Fax 408058;
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