Category Archive: ATS Articles

2018-2019 Tax Year Ending: Time to make the most of your Tax Allowance?

Incredibly it is April already and the beginning of a new Tax Year. But have you made the most of your Capital Gains Tax allowance? Do you know what you can use and whether you should?

For some of you, tax thresholds are a chore. The thought of filling out a self-assessment is a headache. I am completely with you. It can be a minefield. For those of you that aren’t sure what Capital Gains Tax is or how to work it out, visit our in depth article – Capital Gains Tax and Gold Bullion: What you need to Know.
Here are our top three things to think about.

Please note we aren’t tax advisers, so this article should be used as a guide only.

1) Know Your Current Limits

If you want to make the most of your tax relief, you have to know the thresholds. Otherwise, you could end up doing the opposite of what you intend!

Current Tax Year Allowances until 5th April 2019

From the the 6th April, the new tax year will begin. This means you have until Friday this week to fulfil your Capital Gains Tax allowance. At present the current Capital Gains Tax allowance is £11,700. This means you have £11,700 of tax free gain you can make in the 2018-2019 year.
To work out your Capital Gains Tax, visit our in depth article Capital Gains Tax and Gold Bullion: What you need to Know.
You also have an ISA allowance of up to £20,000 – this can be made up of cash or a stocks and shares ISA. The MoneySavingExpert has an excellent article about ISAs that is worth a read –

2) Know What is Changing

So that you don’t get caught out, you have to be aware of what is changing. Sometimes we focus on how much is the current relief, we forget to see what is about to happen.

New Allowances 2019-2020 Tax Year

For the 2019 – 2020 tax year the tax thresholds are increasing. From the 6th April, the tax allowances will increase:

New Personal Income tax Allowance

= £12,500

New Basic Rate Threshold

= £37,500

New Higher Rate Threshold

= £50,000

New Capital Gains Tax Allowance

= £12,000 for individuals and £6,000 for Trusts

These tax thresholds deliver the Government’s objective one year earlier than intended. To view the Government’s publication on this, click here –

3) Plan Effectively

Once you know the thresholds, you can plan effectively. Everyone manages money differently, whether you have a goal in mind or just want to be tax efficient. The best thing you can do is to plan. Set a target of what you want to achieve. For some people that will be using the Capital Gains Tax relief to the full, or to offset some gains with a loss. For others it will be to make use of dividend changes or even to sell an asset either side of the tax year.

Whatever it might be, make your decision for a reason. At ATS we sell gold coins and silver that are Capital Gains Tax exempt. Gold coins like sovereigns and britannia one ounce coins are tax free. This means you can invest in a tax efficient way and save yourself a headache in the future.
Invest Smarter.

For more information on Capital Gains Tax, we do have a full, in-depth article on Gold and Silver Bullion. Visit our full guide here – Capital Gains Tax and Gold Bullion: What you need to Know.

Capital Gain Tax Free Bullion

Gold Sovereign Coins and Britannia Coins are CGT exempt

1989 Gold Sovereign – A Fine Year

Today is the 21st February and 30 years today in 1989, I was born. Reason enough no doubt to celebrate, you will surely think. If you must send me a celebratory Birthday hamper, I will not stop you. Typically when I first joined ATS Bullion, I thought to myself as all would-be-coin-dealers, “I will buy myself the sovereign made in 1989”. Only to find that it happens to be the most sought after and collectible proof gold sovereign made in modern times. Looking back, I probably should have bought it then, as we were selling 1989 proof gold sovereign at approximately £900 and now they trade for roughly £1400-£1500. Oh well – one day perhaps.

So what makes the 1989 Proof Gold Sovereign so special?

Aside from being my birth year, the 1989 Gold Sovereign was produced to commemorate the 500th Anniversary of the first gold sovereign. The first gold sovereign was produced in 1489 in the reign of Henry VII.

proof gold sovereign 1989

1989 Gold Sovereign

1989 Gold Sovereign Design

The beautiful design was the work of the British sculptor Bernard Sindall. The obverse features an effigy of Her Majesty the Queen seated in the throne of State, beset in a crown and full heraldic robes. On the reverse, the coin features the Tudor rose adorned with a crown. Encircling the rose is an inscription “Anniversary of the Gold Sovereign 1489-1989” in a Tudor style type face.

1989 Gold Sovereign Specification

The 1989 gold sovereign, was struck in 22 carat fine gold and weighs 7.98g. The issue limit for a single proof sovereign was 12,500 – although only 10,535 were made. The coin originally came encapsulated in a Royal Mint box with a certificate of authenticity.

How do I buy a 1989 Gold Sovereign?

The 1989 gold sovereign is the most elusive of the proof gold sovereign coins. That doesn’t mean you can’t get your hands one. However, the price of them is significantly more than your standard proof sovereign. Typically a proof sovereign with box and certificate will trade for between £350-£450 depending on mintage amounts and the demand. The 1989 proof gold sovereign with box and certificate, as of writing this trades between £1400-£1500. There are 1989 sovereigns that will be without their box and certificate and they will trade between £1000-£1150. There is still a good market for the coins without box and certificate and if buying for a 30th present (hint hint) they make excellent gifts.

If you are looking for a 1989 sovereign we sell both with box and certificate and without here:
1989 Gold Sovereign – Boxed
1989 Gold Sovereign – No Box No Cert

If you are also wondering about what a proof coin is, or if there is any difference between bullion coins and proof coins. Here is a quick guide as to the difference in production and dying techniques. Here is the article What are Gold proof coins?

Trump and May, A Week Of Hardship


Once more unto the breach my friend, once more. Another week and finally I have some news to discuss. It has I admit been a while since I have written. My New Year’s resolution is well and truly broken.

This week we have seen Donald Trump lambasted in the American media for not taking a harder line on Russia. The Republican Senator Bob Corker stated that “the dam has broken“. Whilst the word of treason was floated, it will yet to be seen whether this will have a marked affect. The New York Times have written a great piece this week on the waywardness of the Republican party, which is well worth reading – ‘The Dam Has Broken. But For How Long?’.

Trump and Putin. Photograph: Xinhua/Rex/Shutterstock

Trump and Putin. Photograph: Xinhua/Rex/Shutterstock

What can be said, it is one of the first times we have seen significant Republican figures come out and take jabs at Trump. Paul Ryan, House Speaker, was one such figure to voice his opinion, “The president must appreciate that Russia is not our ally”. Whilst not directly speaking about Trump, he is providing a countering opinion with the gravitas of his position as Speaker. What was amusing was immediately after making his statement, he was asked whether he was condemning Trump, which he pirouetted away from. The cynic in me can only see that Ryan is trying to show his strength of character in effect offering a clear subtle difference from Trump. He has to be mindful however, that Trump still has a large portion of the Republican electorate. If you would like to read Ryan’s address, you can view that here – Speaker, Paul Ryan’s Statement On Russia. 

From the fall out from Helsinki we need to turn to another world leader, Theresa May. There seems to be no let up for her and her leadership. Very rarely in politics do I ever feel a tinge of sadness for a politician, but reading news and watching Mrs May in the commons, I feel it. It’s like watching that favourite pet slowly dwindle, family members giving all-too-knowing glances at each other. Anyway, enough of my article liberating my childhood repressed memories; Theresa May is facing an uphill struggle. The last two weeks, May has seen several resignations amid Brexit negotiations.

Commons Vote. Photograph: PA

Commons Vote. Photograph: PA

The death toll includes: David Davis (lead Brexit Negotiator), Boris Johnson (Foreign Secretary) & lesser known Steve Baker (Davis’ right hand man). Yesterday May’s government narrowly saw off a rebel amendment on the trade bill, securing a narrow 6 vote margin. May now has a busy week and will be eyeing the Parliamentary recess as the safe house with which to gather her resources and sure up her support. At this stage in the game, a no deal Brexit is becoming a genuine reality. One can only hope that political differences and point scoring can be put on the backbench (pun intended) and the focus to be on securing the future of the United Kingdom.


Gold News: March, April and May Precious Metal Analysis

Precious Metal Market – Stagnant

After yet another flat few months of trading in the precious metal market – I take up the mantle of writing another article. It will be yet another stat feast, albeit one showing pretty much the hypotenuse that the range has been fine. I will make a brief comparison to the figures in the previous article, which covered the gold and silver price from January to February. My belief is that the figures are not vastly different.

Before delving straight into numbers, I know you are chomping at the bit, I thought I would start with what has happened this month. Usually I do it the other way round, but perhaps we ought to look at the wider news that has happened. (I’m mainly doing this as the gold price and it’s lack of movement this year has begun to make my eyes hurt and I actually do want to get you through the article. I’m definitely doing this for your benefit. Not mine).

So over the last couple of months we have had numerous events, both financial and political. Let’s start with the UK-centric first:


Not much of a surprise, but March and April as will most of this year be, focused on Brexit. At the EU summit in March, it took the 27 EU leaders took just two minutes to approve the Brexit transition period and guidelines for negotiations on it’s future relationship with the U.K.


In the EU, the European Central Bank (ECB) have confirmed to continue buying bonds. As before the ECB have signaled that bond buying could continue beyond the September cut off pint. In the ECB meeting on 26th April, it showed all the hallmarks of a let-us-not-run-before-we-can-walk mentality. Mario Draghi mentioned the word caution almost in every paragraph of his summary. The Euro responded immediately with a three month low against the dollar. Draghi did however say the EU slowdown was ‘temporary’, so much will be made from further data released this year.

North Korea

Perhaps a little surprisingly, Donald Trump could be seen as something of a peacemaker. Not exactly what one would have guessed at the start of the

Picture: AFP

Picture: AFP

year. However in March, North and South Korean leaders declared to end the long term war and commit to a denuclearisation of the peninsula. Whilst I can’t say I enjoyed watching the two leaders holding hands, in what can only be described as one of the most hideously stage-managed attempts at re-conciliation ever recorded. I did also thoroughly enjoy watching the bodyguards running alongside the car – I can’t wait until someone on Youtube has put music to that. Fundamentally however awkward it was to watch, it is at least a break through. Whether it continues is another matter and one has to wonder at what has been promised to North Korea to relation to thaw dramatically. Regardless, Trump rather remarkably has seemed to be instrumental. I will be keenly watching the meeting between Trump and Kim Jong Un scheduled on the 12th June. The meeting of two great minds.

So with the above in mind how has that effected the precious metal market. Here are the key facts and figures for gold and silver – its a quick snapshot and I’ll give a brief analysis afterwards:

LBMA AM Gold Fix (1st Mar) LBMA Gold Fix (1st May) Change +/- Percentage Change












Median Currency Exchange (1st Mar)  Median Currency Exchange (1st May)
Change +/- Percentage Change
GBP to USD = 1.3753

GBP to EUR = 1.1258

 GBP to USD = 1.3622

GBP to EUR = 1.1336





Silver Fix (1st Mar)  Silver Fix  (1st May) Change +/- Percentage Change






No Change



No Change



When I look at those figures, I think it is fair to conclude that the precious metal market has been quite staid. It isn’t so much that precious metals haven’t moved as the range in which the metals have traded is a little more interesting than a straight comparison between a small selection of numbers. But the point I am trying to get across is how little the market has moved. I think a lot of that comes down to the following – gold is used as a hedge and as things get better, the market normalises. Well that has begun to happen but gold actually is staying quite resistant. It is not correcting back down and neither is it moving up? It sits still and waits. What is it waiting for?

Precious metal markets – your move..

January and February Precious Metal Analysis

Well done for reading this and not reading about the impending snow blizzard. I am deeply impressed. Whilst I sit in my warm office sipping coffee and watching the layers of chiffon streams of snow fall outside, I realised it was time to pen yet another article (not literally pen). So far this year I haven’t written so much. I used to make certain that barely a month would go by and I’d have another article primed. Well I’m lazy and already broken my new years resolution of persistent article writing. I’m sorry.

So what has happened this year with the precious metal market? Here are the key facts and figures for gold and silver – its a quick snapshot and I’ll give a brief analysis afterwards:


First LBMA Gold Fix of the Year (2nd Jan) Today’s LBMA Gold Fix Change +/- Percentage Change









– 1.45%

+ 1.51%

– 0.57%

Median Currency Exchange (2nd Jan)  Today’s Currency Exchange Change +/- Percentage Change
GBP to USD = 1.3591

GBP to EUR = 1.1272

 GBP to USD = 1.3929

GBP to EUR = 1.1326

+ 0.0338




First Silver Fix of the Year  Today’s Silver Fix Change +/- Percentage Change












Gold Price Chart

Gold Price Chart

Overall the gold price has been quite static. The range over this period in sterling has been £41.75 or about 4% movement. Over the last week this has dropped to a range of just £8.78 or 0.92% movement. The price usually in January is quite resilient. In the last few years, the trend in January has tended to see a slight uplift from the December trading, which is then supported by the Chinese New Year purchasing. However December 2017 this didn’t follow this trend, as the price moved lower in late November/early December and then rebounded towards late December. From the end of December 2017 to now the price is almost exactly the same.

So why has the gold price not moved?

Well the numbers point to only a couple of reasons. I will touch on the main ones and briefly flirt with the others.

First and foremost, we turn our attention to the US interest rate rise to 1.5% in December by Janet Yellen, her last act as head of the Federal Open Market Committee. The increase in interest rate is going to have an interesting affect on global economy and commodities. With each rise and the return to normalcy for interest rates, we are going to see greater movement in currency. Likewise as the UK receives an interest rates rise of its own, the strength of sterling will impact the UK gold price, likely with some moderate downward pressure. There is a caveat with this. The reliance on cheap equities after the fall out of the recession and the fund managers hunting to attain growth from the stock market, is likely to play out over the course of this year. As interest rates rise and the restructuring of assets by fund managers, returning percentages of funds to safer assets with higher interest yields, will likely result in a stock market correction.

With that said, so far this year we are still seeing strong performance in equities, I guess much of it will play out as our attentions refocus on Brexit and the ongoing negotiations. I would imagine the closer we get to leaving and depending on the news, this will alter greatly how the UK economy, sterling and therefore how the gold price will do. Furthermore with regard to the Bank of England, rates rises are not too far down the line and no doubt we shall see sterling strengthen this year. It just depends how hampered it will be by the aforementioned Brexit.

Last but not least, I haven’t even mentioned the impending nuclear war with North Korea! Again gold will be at the mercy of Donald Trump’s twitter feed, so we will have to wait and see. The winter Olympics seems to have softened relations, but for how long for. The other aspect I also haven’t touched on as of yet, is China. Commodity prices are driven by the enormous manufacturing powerhouse that is China. China grew 6.9% in 2017 according to Chinese stats and is set to grow 6.5% in 2018. If this is to be the case, manufacturing growth will have a positive result for commodities, it will just depend on how that manifests itself and how manipulated the Chinese figures are. I can feel you roll your eyes – surely that doesn’t happen!

I almost forgot:Happy Year of the Dog to all! – except that dog isn’t actually a dog at all, we’ve just told everyone it is. It’s actually a lovely little kitten. Last year was the year of fake news, what will this year be?

That’s all for now.

*Please note we are not financial advisers. Ideas and opinions expressed in this article are the authors own. Please seek independent financial advice before investing in precious metals as prices can go up and down. 


Where Does Gold Come From and How is Gold Formed?

A client this week asked me “Where Does Gold Come From?” – I comprehensively know the answer and yet, I found myself blustering through it. I got to a point in the conversation where I managed to start answering the question “How is Gold Formed?” and I began to falter. I started spewing spurious facts about stars and astral dust. So to answer my client and to all of you wanting to know – here is a one stop shop. So where does gold come from and can let us answer how gold is formed?

Where Does Gold Come From?

The Beginning
As with all things in existence, there has been a series of generational evolution. Much of the universe, in its expansion and in its creation of elements that we recognise, has been formed by stars that eventually die in a huge collision called a supernova. Over billions of years, this continual creation and explosion of generations of stars has eventually led to the creation of pretty much everything in our comprehension.




A supernova, the final part of star’s existence, is an almighty explosion. This explosion propels an abundance of dust into the atmosphere, rich in atomic elements. This process known as nucleosynthesis created an abundance of elements during the cycle. Elements such as magnesium but also some of the heavier elements like iron. It is also from the process of nuceleosynthesis that gold comes from. Although the initial knitting of nucleosynthesis doesn’t produce gold immediately, it is thought that the presence of gold and other precious metals is present in the interstellar. This dust is rich with elements and as new stars are created through the recycling process, gold is present.

How is Gold Formed?

So after gold has been created or is certainly present in the interstellar, how does it come into being? Let’s look at how gold is formed on Earth.

During our system’s formation, the dust spewed out from generations of supernovae, begins to condense.

Gold Ore

Gold Ore

Gold at this point is molten, along with the Earth. This means that gold is awash with the other elements and due to it being a heavy element, it sinks into the core along with the other heavy metals. Much of the intrinsic gold present in Earth at the beginning, resides within the Earth’s core.

Almost all of the gold we are familiar with today, came into being whilst the earth cooled. Gold formed within the Earth’s crust, resulted from a lunar cataclysm – or the late heavy bombardment of asteroids and meteor showers. This is strongly supported by the Vredefort crater in South Africa – a crater over 2 billion years old and rich in heavy elements such as gold. With the earth’s crust cooled, gold is found in ores and deposits. It will be sometime, but eventually humans will discover, harvest and process gold into jewellery, coins and early religious artefacts.

So where does gold come from and how is gold formed? Through a process of astral recycling over billions of years. Each of these elements are created from the conclusion of stars that have gone before it. Through much transfiguration, gold settled into the earth’s crust and will be discovered by us approximately in the 4th millennium. It will be given Au as the chemical symbol for Gold, which was taken from the latin word Aurum – derived from the word Aurora meaning Dawn.

Gold is certainly bright like the dawn and I suppose with each generation of supernovae, a new dawn and new elements are created – with gold being allusive but always present.

What are the Royal Mint’s Queen’s Beast Coins?

With the introduction of a new One Ounce Gold Queen’s Beast Unicorn 2018, I thought it prudent to write a brief history about the Monarch’s heraldic beasts and an overview of the Royal Mint’s One Ounce Gold series. The Royal Mint plan to mint a set of ten coins over the coming years, with two designs minted in a singular year. In gold, the coin is produced as a one ounce, 1/2 ounce, 1/4 ounce and a 1/10th ounce denomination. The coins will also be produced as a two ounce silver coin, although some 10oz silver coins are also likely to be produced.

History of the Queen’s Beast

The Queen’s Beasts are ten heraldic beasts that were present at Queen Elizabeth’s coronation in 1953. Each of the beasts represents an element of the Queen’s genealogy. The use of the heraldic beasts actually derive it’s history from Henry VIII’s era and were originally known as the “King’s Beasts”. For the coronation in 1953, the Henry VIII’s beasts were revived from their 400 year origins and displayed aloft outside Westminster Abbey. The beast designs used in 1953, were commissioned by the British Ministry of Works and were created by Sculptor, James Woodford.

Queen’s Beast – The Heraldic List with Release Dates

Name History Year of Mintage Release Date
The Lion of EnglandQueen's Beast: One Ounce Gold Lion 2016 The lion of England has been displayed at part of the Royal Arms from circa. the 15th century. The Lion is famously taken from the coats of arms of  Richard I, famously known as “The Lionheart” due to his reputation as a great military leader and warrior King. 2016 March 2016
The Griffin of Edward IIIQueen's Beast: One Ounce Gold Griffin 2017 King Edward III another exceptional warrior King, who reigned from 1312-1377. During his Kingship, he oversaw a military transformation within the Kingdom. He is most accredited with the initial start of what would become to be known as the ‘Hundred Years War’ with the French. His most famous victories were at Crecy and Poitiers. The Griffin itself is a mythical animal that signified courage, strength and importantly for Edward III, Guardianship. 2017 October 2016
The Red Dragon of WalesQueen's Beast: One Ounce Gold Dragon 2017 The enigmatic image of the Red Dragon of Wales, has been present as a crest of the British Monarchy from the time of Henry VII. The Dragon of Wales was sported by Henry VII’s grandfather Owen Tudor, who descended from Welsh Royalty. Henry VII no doubt adopted the Red Dragon during a time of consolidating his throne after the Wars of the Roses. 2017 March 2017
The Unicorn of ScotlandQueen's Beast: One Ounce Gold Unicorn 2018 The Unicorn of Scotland is the national animal of Scotland. Whilst at first glance, the Unicorn being a mythical animal, might seem an unusual choice for an adoption by a country as a national animal. However, the Unicorn was first adopted as a heraldic animal for the Scottish monarchy in the 12th century. The Unicorn symbolises purity, masculinity and power. 2018 25th September 2017
The Black Bull of Clarence The Black Bull of Clarence, as the name suggests, descends from the peerage of the Duke of Clarence, often given to younger members of the Royal family. The use of the Black Bull originates from Edward IV of England, a successful protagonist of the House of York during the wide spanning War of the Roses. The Black Bull symbolises strength, courage and nobility. 2018 March 2018
The Falcon of the Plantagenets The Falcon of the Plantagenets was first adopted by Edward III. The falcon being of noble bearing, a dominant predator of the skies displaying courage and intelligence. The Falcon emblem subsequently passed down to Edward IV, who further added the Falcon in between a fetterlock, which supposedly symblolised Edward IV’s struggle to win his throne. TBD TBD
The White Greyhound of Richmond This is the emblem of John of Gaunt, the Earl of Richmond and third son of Edward III. This badge was used successfully by his son Henry IV (Henry Bollingbroke) and then by Henry VI to establish conjoining of the two Royal House of York and Lancaster. TBD TBD
The White Horse of Hanover In 1714 the White Horse of Hanover was introduced to the Royal Coat of Arms. This marked a new direction for the British Monarchy, as the Elector of Hanover George I, ascended the Throne. The use of the horse as a crest in Saxony/Hanover, had been present from the pagan Saxon Tribes. The white horse was first used by Henry the Lion, famed Duke of Saxony. TBD TBD
The Yale of Beaufort The Yale was a mythical creature, sometimes known as a centicore. The Yale with it’s boar tusks and large commanding horns, had the body of an Ibex. The Yale symbolised fierceness in battle, strength, courage and fortitude. TBD TBD
The White Lion of Mortimer The White Lion of Mortimer, once again descending from Edward IV. Unlike the Lion of England it is an uncrowned Lion. The Mortimer name descended from Sir Edmund Mortimer whose ancestors would marry Plantagenets and whose issues would eventually inhabit the throne of England. This emblem was famously a ‘Yorkist’ beast and used to great effect in the Wars of the Roses. TBD TBD

Bank of England: “Interest Rates Will Increase”

It has been a while since we last spoke about this, but Interest Rates are firmly back on the radar. Hurrah, I hear some of you cry, whilst others ponder about what that means for their mortgage. Well like it or not, it is inevitable at some point.

Interest Rates At Present

So whilst the Federal Bank in the US have had four rates rises: the first in Dec 2015 (0.25% – 0.50%), the second in Dec 2016 (0.50% – 0.75%), the third in March 2017 (0.75% – 1.00%) and finally the fourth occurring in June 2017 (1.00% – 1.25%). Here in the UK we are yet to have an interest rates rise and so far have only had an interest rate decrease from 0.50% to 0.25% in August Last year.

Where are Interest Rates Heading?

The US

The likelihood for an interest rates rise is dependent on a couple of factors, mainly on Inflation and the US Labor market.

The Federal Bank Reserve have expressed a desire to raise interest rates in the short to medium term. Whilst the FED’s James Bullard, a non-voting member of the FED, said in his address on Wednesday that there was no need to raise interest rates anytime soon; Chairwoman Janet Yellen warned in a speech to the National Association for Business Economics “We should also be wary of moving too gradually”.

With now just four of the twenty FOMC members voting to hold on interest rates, the markets have begun to price in a rates rise for December with a predicted 70% chance of that happening.

Interest rates rise to help the £

Interest Rates Rise to Support the Pound

The UK

This week as the Bank of England celebrated its 20th year anniversary of independence, Mark Carney, the Governor of the Bank of England (BOE), has said in an interview that “in the relatively near term we can expect that interest rates will increase”. The next available date for an interest rates rise would be when the MPC meets on the 2nd November.

The reasoning behind a Bank of England rates rise are down to two factors. As Anthony Haldane, Chief Economist for the BOE pointed out this week, the UK economy is showing signs of healing. The UK’s current CPI (Consumer Price Index) is now sitting at 2.9%, as this has seen a steady increase, the Bank have intimated that an increase in the interest rate, will give a boost to the pound. For the BOE it is a fine balancing act but with an economy showing signs of inflation and with wages showing a more positive outlook, it is in a stronger position to return to normalcy.

Gold Price Rockets 04.09.17

Gold Price Rockets

Before I begin this article – I have to immediately apologise for the title. Yes you guessed it, I am indeed referencing North Korea. It is in truth a bad joke – not North Korea but my use of the word rockets. Over the last couple of weeks we have seen a significant rise in the gold price. As I sit and write this article, the price of gold is up by $12. So what has happened to the gold price and why is it up?

Gold Price Stats

The gold price currently sits at £1034.52 / $1338.85 / €1126.45 respectively. Exactly three weeks ago today the London Bullion Markets Association morning gold fix (LBMA) was £987.34 / $1281.10 / €1085.48. That is an increase of +4.77% in GBP / +4.51% in USD / +3.77% in EUR.
If we compare this information with how Sterling (GBP) was performing against USD and EUR it will give us a better focus of what has occurred in the market.

Gold Price Rise from 14.08.17

Gold Price Rise from Monday 14th August

At present GBP sits at 1 GBP:1.29442 to USD and 1 GBP:1.08850 to EUR. Three weeks ago today GBP sat at 1 GBP:1.29774 and 1 GBP:1.10106 to EUR. In the three weeks sterling has depreciated virtually nothing against USD (about 0.00751% – I almost omitted this from the article but thought it would be fun to include it!) and -1.14% against the EUR in three weeks. The real winner over the last couple of weeks has been the Euro with gains against most major currencies.
So the information above points more towards a slim support in the gold price from the USD weakning. As is the case sometimes, currency movements can be the cause and are usually a marker that I would use to see how gold is trading but actually, the gold price hasn’t generally been much affected by that. The Dollar has lost ground against the Euro, of approximately -0.89%, but that would have had limited effect on the gold price.
So then why has the gold price risen over 4% in three weeks?

Gold Price Analysis

In essence it is down to really a handful of reasons, one of which I alluded to at the start. But you may also be surprised to see what else has left an impression on the gold price:

Firstly and probably at the lowest end of the scale, we are just coming out of Summer. Traditionally when you study the output of trading across the end of July and August period, trading is down as many people are on holiday. That does believe it or not have some bearing on the price, not a lot of course but it has to be considered.

Secondly, President Donald Trump’s decision to go ahead with the Mexican Wall by granting four provisional contracts helped to spike the gold price. For many analysts this endeavour seemed unlikely to ever come to fruition but as is the case with Mr Trump, never underestimate him and expect the unexpected (I’m very close to start quoting Leslie Nielsen lines).

Thirdly, we have also been expecting two natural disasters to hit over the last couple of weeks. In the US, Hurricane Harvey landed in Texas and has caused significant damage across the state and neighbouring Louisiana. Also in India, Nepal and Bangladesh we have seen immense flooding following an ongoing monsoon that has displaced hundreds of thousands of people and according to the UN it is estimated to have effected almost 40 million. It has been described as one of the worst humanitarian crisis to affect the region in years.

Lastly and with no real surprise the gold price has risen because of (drum roll please) North Korea. The heightening of tension and pressure in Asia is becoming quite alarming. Firstly, you have had an increase in rhetoric over the last couple of weeks between the US and North Korea with president Trump stoking the fires. This has largely been whipped up due to the missile that bypassed Japan a week ago and this weekend’s alleged successful hydrogen bomb test by North Korea. Comments made this weekend by President Trump regarding North Korea were never going to be anything but inflammatory. The President tweeted that North Korean actions were “Hostile and Dangerous” he also wrote “North Korea is a rogue nation” and in another tweet he suggested that North Korea will only understand negotiation on one level, meaning a show of arms. Over the weekend Mr Trump also stated that any countries trading with North Korea, the US will not do business with which was more or less a direct provocation aimed at China. This is thought to have serious implications with relations over the coming weeks.

In all, the gold price as it has always been, is acting as a safeguard. As crises after crises loom, the metal is going to stay heavily supported and I cannot see how the North Korea issue is going to play out. Do I need to start work on that bunker yet? Probably. Where’s my shovel…

How and Where Do I Sell Gold?

How and Where Do I sell Gold? – Our Top Tips

“How do I sell my gold? Where can I sell gold? I have gold chains, gold coins and a small gold ingot but how do I sell it?”. These are the types of questions we get asked the most. We all have those gold items that we inherited or bought all those years ago and now they sit in a drawer. So how do you sell gold and what should you look out for.

Where to sell gold?

Firstly, sell the item to the right place. Typically if you have coins, bars or bullion grade items, you want to sell those to a Bullion Dealer. Bullion dealers such as ourselves make money on volume and will usually offer better prices on gold coins or gold bars. This is mainly because a bullion or coin dealer is looking to resell that item back out to customers. Therefore they are more likely to offer a closer spread to the spot price to secure getting the coin or bar, with an eye on reselling it soon after.

 What if I want to sell gold Jewellery?

With jewellery and scrap gold I always recommend customers to do as much of the work as possible. If you are going to be selling gold, do your homework. I would start by having a look for any hallmarks. Usually on jewellery the hallmark will be either near the clasp of the necklace or bracelet on the underside of the mount. Sometimes this is hard to find but do persevere. So what is it you are looking for?

Below are the hallmarks you need to look for:

British Hallmarks for Gold

The standard Hallmarks used in Britain – a guaranteed standard of fineness

Sometimes no matter how hard you look you still can’t find the hallmark. Or more often than not, especially with old items of gold jewellery, it is impossible to make out what the hallmark is. If that is the case, you can still give yourself a rough idea of the value.

How to work out the value of  the gold you want to sell?

So hopefully you have found the hallmark. Even if you haven’t I am going to take you through how to at least give yourself a rough idea. This isn’t full proof and is only meant to be indicative. The bullion dealer is always going to need to see the items – but at least you will have an idea.

Firstly – weigh the item – you can use kitchen scales, simply take down the gram weight. Remember, this won’t be 100% accurate but it will give you a reasonable idea. Please do be aware that if your jewellery has stones or pearls in it, that will effect the weight.
Secondly – calculate the price – so you have the weight in grams, what next?

Well on our site you will find the spot price of gold in troy ounces (31.1035g) and the gram weight. The spot price is 24 carat or 999 fine. What you will need to do is calculate price by the purity of the item.
Example A
I have a necklace. I’ve found the hallmark and it says 750 so it is 18 carat. The necklace weighs 10 grams. The current gold price on the website is £900, this is a gram price of £28.93. The £28.93 is the 999 or 24 carat. To find out the 750 or 18 carat gram price, I multiply the 24 carat gram price by 0.75.

So 28.93 x 0.75 = £21.69

The 18ct gram price is £21.69. I then multiply this by the weight of my necklace.

21.69 x 10 = 216.90

We can see from this that my 18 carat 10 gram necklace approximately is valued at £216.90. A dealer or jeweller would then take a premium on this. This is how we would make our money and factors in the refining cost etc. Usually a dealer or refiner will take anywhere between 95% – 85% of the value depending. On that basis £219.60 x 0.90% = £197.64 is the likely value you are going to receive.

As I said earlier this should be used as a guide only. It will still be dependent on an inspection of the item. Either way, by using that example you can work out 9 carat, 18 carat, 22 carat gold etc. At the very least, this should help you to sell gold with some knowledge. It shouldn’t be a mystic art!

Finally should I clean the gold coins and gold jewellery?

I always recommend to clients not to clean the coins or jewellery! Sometimes even the softest of cloths and most delicate of soaps can cause scratching or tarnishing. It is always better to leave any dirt or grime on a coin and bring it in as it is. We can then provide guidance when you are here. It is tempting when selling something to spruce it up. As a dealer there is really no need, we aren’t going to be overly fussy. We will give the coin or item an inspection.


We hope this goes some way in helping you to sell your gold with confidence. If you get stuck or don’t understand, you can always ring a dealer. We are more than happy to help and can advise you on the best way to sell gold.