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Gold to buy or not to buy
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Swallow11
Posts: 1 Newbie
Hi,
Can anyone gve me honest advice on investing in Gold? Thank you
Swallow 11
Can anyone gve me honest advice on investing in Gold? Thank you
Swallow 11
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Comments
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Do it as part of a balanced portfolio of investments or because you're a full-time commodity investor. Do NOT do it just because it's currently being hyped as a safe place to be: quite simply it isn't. Gold prices fluctuate wildly, and as such it should not be considered as an alternative to cash unless you would also consider putting your money into shares in general as an alternative to keeping a savings balance.Hi,
Can anyone gve me honest advice on investing in Gold? Thank you
Swallow 11
If you're just looking to buy a little as a hedge against inflation, then there are a number of people who will give you advice as to which places are good to buy from.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
http://www.youtube.com/watch?v=Z04IYWp94hI
Gold should be $2000 oz today, the price is being manipulatedAs an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.0 -
Hi,
Can anyone gve me honest advice on investing in Gold? Thank you
Swallow 11
like anything make sure you understand gold before investing.
remember gold is very volatile, gold mining stocks even more so.
i consider it a long term investment.
i bought a few GBS shares in 2005, when gold was under $500/oz and they
have done very well, i wish i'd bought more..
but my holding in blackrock's gold and general fund lost almost 50% of it's value and has regained it again in the last 6 months.
now with gold at $940ish and £655/oz it's prety much the most expensive it's ever been in £ terms..
i'm not buying anymore at the moment but i'm not selling either...
in summary if you don't like the risk of big falls gold is not for you.
cheers matt0 -
some figures for back up.. from HL.
gold and general.
if invested 12/12 ago..... -15%
if invested 3/12 ago...... +69%0 -
hi,
it means if you had invested £1000 in blackrock gold and general fund, via for example a stocks and shares isa...
if you had invested 3 months ago it would now be worth £1690 now.
but if you had invested 12 months ago it would be worth £850 now.
my point being gold and gold related stocks are very volatile.
hope that helps
cheers matt0 -
http://www.youtube.com/watch?v=Z04IYWp94hI
Gold should be $2000 oz today, the price is being manipulated
who is manipulating it ??0 -
http://www.youtube.com/watch?v=Z04IYWp94hI
Gold should be $2000 oz today, the price is being manipulated
There's certainly well documented evidence that the price is being manipulated, but maybe that's a good reason not to buy at these prices?
I'm not against gold. I've made over 25% over the past few months until I sold, but I think it's too expensive at the moment.0
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