Baird & Co article in Guardian today

[Deputydog]

Hi, I hope everybody had a good Christmas.

There is a Baird & Co article in Guardian today, financial section.

Thanks

Deputydog

[Kman]

https://www.theguardian.com/business/2017/dec/26/the-pots-of-gold-at-the-east-edge-of-london

[Paul]

thanks for the link @Kman ive just read it over a nice cup of tea.   The comments section shows how few of the general public/guardian readers actually own any gold 

[whitesands1]

Thanks for sharing this great article.  Some fantastic facts and figures and a Journalistic leap of faith;

"As well as producing gold bars, the company also makes gold sovereigns, 50,000 rings a year and collectables on demand."

£15k of gold recovered from the doormats, etc. at the end of the year, I bet they have a great Christmas party!

[augur]

6 minutes ago, whitesands1 said:

"As well as producing gold bars, the company also makes gold sovereigns, 50,000 rings a year and collectables on demand."

The sovereign part confused me, too. How I thought only the Royal Mint and PAMP in India struck them...

[Kman]

3 minutes ago, augur said:

The sovereign part confused me, too. How I thought only the Royal Mint and PAMP in India struck them...

The Royal Mint tried to trademark the term "Sovereign" for coins but it was refused

"In refusing RML’s application, a hearing officer appointed by the Intellectual Property Office noted that coins described as sovereigns are struck by a number of countries, including British Overseas Territories and Commonwealth nations. The officer found that the word ‘sovereign’ had not acquired a distinctive character. A sovereign was a denomination of legal tender and the word did not distinguish coins from a particular source."

Anyone is free to make a coin/medal and call it a sovereign 

[Xander]

2 hours ago, Paul said:

thanks for the link @Kman ive just read it over a nice cup of tea.   The comments section shows how few of the general public/guardian readers actually own any gold 

It could be some people in certain circles are just not admitting possessing any of the yellow metal.

[Pete]

Copied from the newspaper article -

"Every time there’s a major global event, the price of gold sparks and the phones in Baird’s warehouse ring. The last time the price rose significantly was last month when the US president, Donald Trump, warned North Korea not to “try us”."

Did the author check the charts ?

Must be looking at something else so what else is made up reporting ?

As for inspecting your bars I think this is total bullshit. These people would not travel to check their inventory, more likely be handing over more metal for vaulting or taking out a bar or 2 to exchange for expensive Christmas presents avoiding the papertrail of credit cards.