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October Goldfest
In October 2008, it looks like buyers of physical gold are going to be in a festive mood. We are seeing the strongest demand since the 1970s.

Octoberfest for Gold
In Munich (Munchen), there is a world famous Oktoberfest every year. In fact, it starts in September, and does not necessarily end in October. This festival is held to celebrate the products of the Bavarian brewing industry. Barley from the new harvest is brewed into strong lager and served in litre steins or glasses called Maß (pronounced mass).
It is important not to get carried away by the festival atmosphere and sample too much of the hospitality. Similarly, when making investment decisions, it is important not to get too carried away by the atmosphere. We have heard numerous reports of people buying Krugerrands at 10% premium over gold, or more. This is unnecessary, and rather stupid. Clearly something has gone to their head.

Higher Premiums
In the last few weeks, we have had to increase our selling premiums slightly for some of our most popular, and lowest premium, gold investment items. Our increases have been modest as we are strongly against ripping people off. Our increases have been in the range of 0.5% to 0.9%, whereas we have heard of other dealers increasing their premiums by between 5% and 10%!. The trade-off is that we must ask buyers of some products to allow longer than normal for delivery. As we wrote this, we had about 1/10 tonne of gold bought and in process of shipping to us. If investors want quicker delivery, there are some sensible alternative choices we can suggest. Don't allow yourself to get overcharged at double digit premiums from our competitors, especially for common bullion products.

Silver Lining?
Adding this note on 8th October 2008, we note that the gold silver ratio is unusually high, currently over 77. This compares with a 2008 mean average of about 55, therefore at 77/55, silver looks 40% underpriced compared with gold.
We have also compiled a historic gold silver ratio table from 1970 to 2007, which shows its mean value ranging from a low of 20.35 in 1970, to a high of 89.31 in 1991. In 2006 and 2007, it averaged just over 52. Whenever ratios like this diverge significantly from the norm, there is a strong tendency for them to revert back towards the longer term average. On this basis, therefore, we would suggest investors buying silver, despite its VAT loading, rather than gold, at least until the ratio drops.
Even so, there is big demand for physical silver, and our supply situation is changing on a daily basis.

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.

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.

Oktoberfest Oktoberfest


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