Atkinsons in the UK stops bullion sales

As above, how many other dealers are going to stop selling now the price is going down under $1500?

 

Perhaps a disconnect between physical & paper. It's going to be the only way forward for many.

 

I have just seen this on thier web site, it would be interesting to see what they say on the phone tomorrow.

 

That's REALLY interesting news SBB - thanks for the info

 

Here's the exact wording from their site:

http://www.atkinsonsthejewellers.com/gold-coins

 

Good on em I say.

Now imagine if every bullion dealer did the same. More of the public might actually wake up to what's actually going on and then we would see either a disconnect in the physical - paper price or the markets would begin to trade with some sanity and perhaps a dose of transparency or is it just wishful thinking on my part ?

Thoughts from bullion dealers most welcome.

 

The public does not follow what is happening in the PM markets.

 

Fair call...but what if the headline " Bullion dealers refuse to play the game, close doors" or similar were front page news? Make a difference ? or would news editors be warned by Big Brother not to run the story ?

Yeah probably....pity.

 

Hey i bet you there buying though

 

It dosent matter what they sell for, only what they buy back in for.
If the dealers cant hedge sales over the weekend then closing trade is the best option.

 

It dosent matter what they sell for, only what they buy back in for.
If the dealers cant hedge sales over the weekend then closing trade is the best option.

Great piece of information unfortunately most stackers do not understand this reality.

I believe Stella mentioned he intended to produce a utube presentation on hedging several years ago. I dont recall if he completed it or if there are any links.

 

I 100% support this move and hope other Bullion dealers follow suit.

I have found Atkinson's to be a top class service and I will continue to support them.....so long as my boys package arrives today as promised

And it did....I had no doubt....Bravo Atkinsons

 

:lol:

How many dealers will follow the move?
How many stackers will too?
Let see the show. It is the beginning. What is reality?
The stronger will survive.

 

Thanks for that!

You can shut it now, I have made my weekly purchase.

 

Me too, but only after I purchased from BB as they were the fist to lower their prices,

Maybe I should try to sleep in on the weekends, but I'm still not sure if that trend will catch on?

 

Do you guys not understand that they most likely only shut down shop for the weekend as they cant hedge/lay off and the risk of a big swing as the market opens on Monday is too much of a risk for their tiny margins?

It's not like they are shutting up shop, what 5 minutes after market open on Monday will be the latest I expect them to reopen

 

They are selling half sovereigns today at a very good price.

 

Due to volatility in the market we are unable to take any orders for new product at present. Half Sovereigns are available today, Saturday 13/04/13. Prices based on 963.00 per ounce - 13/04/13

Half Sov = 120.95

 

Thanks lads for all your posts so far on this, it is certainly food for thought. I am looking forward to seeing how the market goes this week, I have the feeling the price will come down even more! I'm personally waiting a wee bit longer to see how things go to make my next purchase!