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Opinions on Gold?
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ozzage
Posts: 518 Forumite
Are you a fan of Gold at the moment?
Is it indestructible and always has the power to return?
http://www.youtube.com/watch?v=gSq8ZBdSxNU
arrgg so many thread about Gold... couldn't resist
Is it indestructible and always has the power to return?
http://www.youtube.com/watch?v=gSq8ZBdSxNU
arrgg so many thread about Gold... couldn't resist
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Comments
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There are around 5 Gold threads running at the momentLiquidity is when you look at your investment portfolio and **** your pants0
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IMO, gold is very expensive now, and I fear it will pull back to $850, before it breaks out again.
I had some gold, and sold it last week, planning to buy again in summer'ish0 -
Gold! love it
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lol.
Yes, suspect all the traders that matter have their stock now and are just waiting for the muppets to push the price up further before they unload.
The question is what happens after that (suspect the drop will be to a lot less than $850 - as to timing???). As far as we are concerned sterling could have a great affect, Indians could start buying again, ....
Think it will start rising again but how far????0 -
What do you think it could drop too?0
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I'm not a fan of gold... because of all these threads.You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.0
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I used to be a fan, in 1983, but now Gold seems so oldfashioned!0
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I'm not a fan of gold especially at current prices.
Only if I thought the economy / share prices were going to get MUCH worse, would I invest at these levels.
You only have to look at the 5 year trend to see whats happening with the prices. Through the start of the boom years (following the dot.com crash) the price was as low as $400 an ounce and has only recently (the last 2 years) been consistently above $800. Remember the stock market has been falling since summer 2007 and would fit in nicely with this as some traders protect some of their cash in gold.
I would suspect that as soon as stocks begin to show a turnaround, there will be a quick and dramatic fall in the price of gold as investors liquidate their investments in gold and move back into shares on the way up.
The price of gold has only been above $1000 an ounce very briefly in the last 5 years so that indicates that the price of gold currently is very high and for me, there is a very limited upside and quite a large downside.
But thats all just in my opinion.
5 yearly graph here
http://www.monex.com/prods/gold_chart.html0 -
So, for a complete novice in Gold – How’s it done? Is there a UK equivalent of Krugerrands? Do you just nip down the bank and buy them like exchanging currency. What does the middle man charge? commission or price differential and what is it? Is there a way to invest in it safely without actually handling it?0
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