We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Betting on a lower gold price
DUS
Posts: 184 Forumite
Hi,
What are the available investment vehicles for my SIPP and/or ISA to "bet" on a lower gold price? Can you direct me to a page where I can check all the available investments like covered warrants etc.?
Thank you!
DUS
What are the available investment vehicles for my SIPP and/or ISA to "bet" on a lower gold price? Can you direct me to a page where I can check all the available investments like covered warrants etc.?
Thank you!
DUS
0
Comments
-
selftrade operate an isa and deal covered warrants. not sure if you can combine the two though also ask hl
gold is sold in dollars so you'd be betting on america basically0 -
Here's one option:
http://www.etfsecurities.com/csl/short/etfs_gold_sh.asp0 -
I have bought some of this recently, it trades like a share but does not have any stamp duty.
It has two risks, one the £/$ continues to appreciate and the obvious one, gold continues to appreciate. However I think the £ could be almost 10% over valued and the same with gold, so 20% or so could be gained in short order (pardon the pun). The good thing is that SBUL is not a leveraged bet.
There is an interesting article in the Sunday Times today;
http://www.timesonline.co.uk/tol/money/investment/article6926479.eceIf it takes a man a week to walk to walk a fortnight how long does it take a fly with tackity boots on to walk through a barrel of treacle?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.8K Banking & Borrowing
- 254.6K Reduce Debt & Boost Income
- 455.6K Spending & Discounts
- 247.7K Work, Benefits & Business
- 604.6K Mortgages, Homes & Bills
- 178.7K Life & Family
- 262.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards