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Yes another Gold Thread but this time its different!!
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mini_lidi
Posts: 232 Forumite
I know there are Millions of threads about gold and sliver, how to buy it etc.
But what i ask is: surely once the country finally gets out of the crisis and goes back to its happy normal Self. Everyone will sell all there gold!
Wont this make the price plummet?
So the best time to buy?
Im not saying this is going to happen, but wandered if it is possable? Also what are your views?
But what i ask is: surely once the country finally gets out of the crisis and goes back to its happy normal Self. Everyone will sell all there gold!
Wont this make the price plummet?
So the best time to buy?
Im not saying this is going to happen, but wandered if it is possable? Also what are your views?
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Comments
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Don't be blinded by the allure of gold! :mad:
As it is, the price is at high for a while. You should buy low and sell high. That is the core of investing I believe.0 -
but am i correct saying once everyone has faith back in the banks an sell there gold.
the price will drop heavily?0 -
That is correct, mini_lidi. The reason why gold is so expensive at the moment is there is high demand for such. So when the demand falls, the price falls in order to sell. That is the whole idea anyway. 0 -
Why not start a thread on wheat next?0
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So thats the time to buy
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With BoE printing money, inflation could increase significantly causing the price of gold to increase further.0
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So buy Now?0
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There could be deflation and the value would go down.0
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From what you've said in your other threads I reckon you'd better stay clear of risky commodities and focus on getting yourself a decent ISA.
At 17 you don't want to be risking all your savings based on fashion investing.
If the economies do recover soon, then gold will undoubtedly fall as investors flock back into equities. Don't get caught out and end up sitting on an investment worth 20% what you paid for it, waiting 20 years to recover your losses. It could happen. Gold isn't too much higher now than it was in the 1980s.
You'll have a lot of expenses in the coming years, car, house deposits, uni? etc. Don't risk it!“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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