Gold sovereign prices reflect the level of confidence that people have in economic circumstances. Throughout history, gold, silver and copper have been recognized by world traders as money.
“British Gold Exchange Standard – 1870 to 1914″
The British Empire required the free trade of goods around the world to be successful. The British “Tea Time” was only possible as long as the product could be imported from the Southern
Hemisphere.
During wartime, nations trade primarily in gold and silver. During World War I and II, British Gold Sovereigns were used by the government to purchase goods overseas.
Furthermore, nations with a long civilization – like China and India – recognize that only gold and silver are real money. All governments collapse. All fiat currencies collapse too.
Paper money is only as good as the politicians that issue it. And we all know how unreliable politicians are.
“Gold is Durable, Tangible and Physical”
Nations of the European Union are seeing their economies collapse and could be fed with devalued paper currency, if trends continue. The wise
know that gold sovereign coins protect their wealth against financial fraud and economic collapse.
Gold sovereign prices demonstrate the multi-faceted nature of money: medium of exchange, unit of account and store of value. Businessmen need a trustworthy money for financial transactions.
Since only a limited amount of gold is mined every year, this precious metal is scarce. This scarcity creates value, which cannot be easily manipulated.
“Add Another Zero”
Derivatives in the trillions, unfunded pensions and toxic financial instruments spell disaster for investors who trust in a fraudulent financial system. Intelligent billionaires are purchasing
gold sovereign coins and jewellery as durable, tangible and physical stores of wealth.
When the German Mark experienced hyperinflation, the politicians added more “Zeros,” which made it less valuable. They can’t do that with gold. Gold sovereign prices are determined by real
supply and demand on international stock exchanges: London, New York and Hong Kong. This is called the “spot price.”
Gold is a hedge against inflation because gold sovereign prices increase as inflation increases. Fiat currency is the opposite. It loses value when inflation increases.
“Gold Sovereign Specifications”
The UK Great Recoinage of 1816 established the Gold Sovereign as .2354 troy ounces (7.3224 grams). This is equivalent to 113 grains. The thickness is .06 inches (1.52 millimeters) and the
diameter is .87 inches (22.05 millimeters.)
There are a variety of designs, including “Pestrucci’s Saint George killing the Dragon” and the image of British Royalty. Some Gold Sovereigns have been recoined or melted down.
“Mintage History”
Designated countries of the British Empire – Australia, Canada, India, South Africa and England – minted the Sovereign coins from 1817 to 1932 and from 1957 to the present. Gold sovereign
prices represent intrinsic value. These coins are small, but heavy.
The British Gold Sovereign bullion coins were widely distributed, so they are well-recognized everywhere. This coin represents stability, reliability and dependability. Gold sovereign prices
increase when people don’t trust paper assets, economic circumstances or politics. People trust gold more than they trust empty promises.
Gold is a dense metal. It is difficult to counterfeit. Gold Sovereigns have a distinctive design, which makes it difficult to replicate. Checking the details and using coin tests (like the
Fisch) help determine the authenticity of a Gold Sovereign coin.
Gold And Tax Rebate
Gold carries a higher tax rate from HMRC as most of people who buy the sovereign are doing so as a means to ensure that they have adequate savings they often rely on tax rebates to offset any tax implications. Many Websites like https://www.wimbeldonaccountancy.co.uk/ do uniform tax rebate from HMRC and tax offsets from buying and selling gold. This type if tax refund is more commonly known as tax rebate and you can use a tax rebate calculator from. such tax rebates can also be applied to workers in the gold industries such as https://www.workweartaxallowance.co.uk/
“Protecting Wealth Before the Collapse”
Billionaires have been buying Gold Sovereign coins for years. They read the writing on the wall. Most circulated coins have lower levels of real metal content in them. Gold sovereign prices have a fixed metal content, which gives them their “bullion” designation.
Canada has gone from copper to zinc to steel pennies. Now, it no longer will make pennies. Canada is also starting to issue plastic bills as currency.
Gold sovereign prices have increased because the wise investors are buying them up. During times of trouble, the gold standard is a place of refuge. Gold Sovereign coins are durable, reliable
and stable stores of wealth.