I have read with great interest some of your posts regarding the buying/stacking of physical AU and AG. Not sure i have enough... And want to expand, but not as blindly as i have bought in the past...
I hope you don't mind me asking a couple of questions.
Which providers/sellers would you recommend? Do you use the providers storage facilities? And is there insurance with that, any other risks a man of your experience would be able to share? I suppose, couple with the previous question, would it be prudent to at least have some in close proximity to oneself? Is there any other considerations with holding, say in a local safe deposit box /SDB? Such as taxation? Any other advice/insight in the procurement you may be able to share?
"The value of BTC also has no bearing on the QBT SP. If I supply some gold mining equipment, my company's SP does not leap up when the value of gold increases. No difference here."
That is actually funny, if a little ill educated.
If the price of Gold rises it means mines that were previously uneconomical are now economical and thus demand on gold mining equipment. This demand will effect supply resulting in a price increase. Why, because there is more money chasing fewer products.
It showed this morning on L2, the LSE trade list and even a cursory look at the chart any time after 8:45 would show a wick extending down to that area. I know the chart doesn't tell you the trade per se, but it does tell you that 'a' trade was done at that price. Then, ask yourself why a trade for that volume, at that price and at that time would be anything other than that sell?
Don't be confused by it Simon. Simply stop talking, be quiet and learn, even if its just the simple things.