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  • FIRST POST
    • levdon01
    • By levdon01 12th Sep 17, 9:05 PM
    • 7Posts
    • 1Thanks
    levdon01
    Out of interest - do you hold Gold?
    • #1
    • 12th Sep 17, 9:05 PM
    Out of interest - do you hold Gold? 12th Sep 17 at 9:05 PM
    Hi all,

    I wondered, as an economist, how many people on here hold physical gold as an investment (I'm not talking about your wedding ring - I am thinking more of ingots/coins). I would be very interested to see the proportion of people that hold Gold vs those who do not.

    If you do have Gold investments would you mind stating roughly what percentage of your portfolio it represents? Obviously I am interested in everyone's answer here even if it is a 'no'.

    Just for your interest my current Gold holdings are a little high at around 30% of my portfolio. I am looking to sell some Gold to re-balance the portfolio which I shall do in the next few months.

    Thank you
    Last edited by levdon01; 12-09-2017 at 9:08 PM. Reason: revision
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Page 1
    • cjv
    • By cjv 12th Sep 17, 9:36 PM
    • 106 Posts
    • 57 Thanks
    cjv
    • #2
    • 12th Sep 17, 9:36 PM
    • #2
    • 12th Sep 17, 9:36 PM
    Probably not very useful as I have only been investing for a few months, but I do not currently hold any Gold and have no plans to.

    I would always be open to considering it though.
    • Linton
    • By Linton 12th Sep 17, 10:11 PM
    • 8,495 Posts
    • 8,438 Thanks
    Linton
    • #3
    • 12th Sep 17, 10:11 PM
    • #3
    • 12th Sep 17, 10:11 PM
    I don't hold gold and have no intention of ever doing so as I consider it a very poor investment gamble.
    • fwor
    • By fwor 12th Sep 17, 10:27 PM
    • 5,885 Posts
    • 3,927 Thanks
    fwor
    • #4
    • 12th Sep 17, 10:27 PM
    • #4
    • 12th Sep 17, 10:27 PM
    In 15 years of DIY investing I've never held gold as an investment, and have no plans to do so in future.
    • steampowered
    • By steampowered 12th Sep 17, 10:41 PM
    • 1,901 Posts
    • 1,771 Thanks
    steampowered
    • #5
    • 12th Sep 17, 10:41 PM
    • #5
    • 12th Sep 17, 10:41 PM
    No.

    I don't like investing in unproductive assets.

    If I wanted a pure price gamble with little in the way of investment fundamentals behind it, I would go to the casino.
    • msallen
    • By msallen 12th Sep 17, 10:41 PM
    • 558 Posts
    • 497 Thanks
    msallen
    • #6
    • 12th Sep 17, 10:41 PM
    • #6
    • 12th Sep 17, 10:41 PM
    No, and no plans to.
    • Morphoton
    • By Morphoton 12th Sep 17, 10:47 PM
    • 53 Posts
    • 51 Thanks
    Morphoton
    • #7
    • 12th Sep 17, 10:47 PM
    • #7
    • 12th Sep 17, 10:47 PM
    I do not hold coins/ingots but do hold 2.5% of my assets in the "physical gold" exchange traded fund (ETF) from iShares, London Stock Exchange ticker, SGLN.
    I hold the ETF in a SIPP & ISA and periodically rebalance to keep the weighting at 2.5%.
    • jimjames
    • By jimjames 12th Sep 17, 11:01 PM
    • 12,185 Posts
    • 10,703 Thanks
    jimjames
    • #8
    • 12th Sep 17, 11:01 PM
    • #8
    • 12th Sep 17, 11:01 PM
    As per previous replies, no but have held gold miner funds in the past.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • Flobberchops
    • By Flobberchops 12th Sep 17, 11:10 PM
    • 584 Posts
    • 421 Thanks
    Flobberchops
    • #9
    • 12th Sep 17, 11:10 PM
    • #9
    • 12th Sep 17, 11:10 PM
    30% - a "little high"!?

    I have no gold at present but eventually hope to make it about 2% of my overall portfolio, mostly just for fun, diversification, and the slim chance of it ballooning in value.
    I work for a UK bank, but any comments made on this forum are solely my personal opinion. Caveat Emptor!
    • Superscrooge
    • By Superscrooge 13th Sep 17, 5:13 AM
    • 907 Posts
    • 627 Thanks
    Superscrooge
    Interesting article about whether gold is a sensible investment

    http://www.sensibleinvesting.tv/all-that-glistens-acuity-39
    • scd3scd4
    • By scd3scd4 13th Sep 17, 6:44 AM
    • 522 Posts
    • 419 Thanks
    scd3scd4
    I have a few grains maybe 10 but just for the novelty. I just like the idea.
    • bowlhead99
    • By bowlhead99 13th Sep 17, 7:17 AM
    • 6,889 Posts
    • 12,401 Thanks
    bowlhead99
    Just for your interest my current Gold holdings are a little high at around 30% of my portfolio. I am looking to sell some Gold to re-balance the portfolio which I shall do in the next few months.
    Originally posted by levdon01
    I have an ounce of physical gold, sentimental reasons. There is a bit in a couple of my watches. And from an investment perspective I have exposure to some via an actively managed multi-asset investment trust whose holdings I don't control, and further through a PPSG ETP. I haven't checked recently, but expect gold is likely to be under 3% of my portfolio.

    I wouldn't advocate having as much in gold as I have in equities and as much in cash as in those two combined, as you recommended in a recent thread. But then, I am looking to grow my wealth over the long term, as I'm only 40ish and hope to need to amass enough to live on for another five decades. But I wonder if you are only here in the guise of 'research' to promote your book or blog.
    • reeac
    • By reeac 13th Sep 17, 7:24 AM
    • 1,111 Posts
    • 446 Thanks
    reeac
    In around 20 years of DIY investing I've never held any gold.
    • Apodemus
    • By Apodemus 13th Sep 17, 7:38 AM
    • 953 Posts
    • 769 Thanks
    Apodemus
    I would reply "no" as I have never bought gold (apart from the OH's wedding ring!). I do however have something like 20 old sovereigns that were my grandfather's (all dated before the First World War) which I guess must be worth something. The fact that at least three generations have never spent them, either says something about their usefulness or the stability of the UK banking system!
    • lpgm
    • By lpgm 13th Sep 17, 8:15 AM
    • 199 Posts
    • 99 Thanks
    lpgm
    None. Not even personal ornaments.
    • AnotherJoe
    • By AnotherJoe 13th Sep 17, 8:56 AM
    • 7,594 Posts
    • 8,194 Thanks
    AnotherJoe
    To repeat another poster you think 30% " a little high" ?? I would consider that preparing for the apocalypse. It's not an investment. It is a hedge against crises.

    I've never held gold except very recently indirectly via a fund that has perhaps 1% of my investments that itself I think has 10% gold. So that's zero point 1 % at most. (This is a fund I bought for short term defensive purposes I wouldn't normally buy such a fund)
    • ChesterDog
    • By ChesterDog 13th Sep 17, 9:05 AM
    • 800 Posts
    • 1,446 Thanks
    ChesterDog
    Another no here.

    I invest for the long term. When the assets I hold go through a period of falls in value, gold might well go up in value, but I won't be needing to sell those assets during those periods, so if I held gold I would be in the position of watching it rise only to see it fall again later.

    If the whole thing collapses and all I would have would be some gold, I don't see it as actually having much utility anyway. It would only be useful if I held a huge proportion of my worth in it, in lots of small-demonination forms. And that would bring massive risks of its own.
    I am one of the "Dogs of the Index".
    • Malthusian
    • By Malthusian 13th Sep 17, 9:10 AM
    • 3,301 Posts
    • 5,011 Thanks
    Malthusian
    I hate gold as an investment so much that when my fiancee and I buy wedding bands I'm going to short the equivalent amount of gold to ensure our net exposure remains nil.

    • Biggles
    • By Biggles 13th Sep 17, 10:32 AM
    • 7,479 Posts
    • 4,863 Thanks
    Biggles
    I am surprised that, 'as an economist', you even consider it to be an investment at all.
    • bowlhead99
    • By bowlhead99 13th Sep 17, 11:53 AM
    • 6,889 Posts
    • 12,401 Thanks
    bowlhead99
    I am surprised that, 'as an economist', you even consider it to be an investment at all.
    Originally posted by Biggles
    Hey, if Linkedin is to be believed, he has a 2:2 in economics & maths so we could be looking at the next [insert celebrity economist] here
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