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  • FIRST POST
    • keflin2612
    • By keflin2612 12th Mar 17, 11:40 AM
    • 1Posts
    • 1Thanks
    keflin2612
    7 years of gold
    • #1
    • 12th Mar 17, 11:40 AM
    7 years of gold 12th Mar 17 at 11:40 AM
    Hi, my name is Kevin and I’m from the UK.
    I paid my mortgage off in 2011 but kept my endowment running. The endowment has now matured and I have £23,000 in the bank “doing nothing” and I wanted to know if it would be worth me investing the 23000 in gold bullion. I have seven years to go before I retire and may or may not need it back when I do.
    If I do (depending on the answerers I get from here) I need to know where the best place is for me to buy “as I’m in the UK” and where is the best place for me to sell when the time comes, also is it better to invest in bars or coins.
    Finally is it a good time to INVEST NOW.
    Thanks.
    Kevin.
Page 2
    • atush
    • By atush 13th Mar 17, 12:22 PM
    • 16,100 Posts
    • 9,806 Thanks
    atush
    Self-imposed "expert"
    Originally posted by Gadfium
    Fanatic or ramper might better describe.
    • kidmugsy
    • By kidmugsy 13th Mar 17, 12:27 PM
    • 9,372 Posts
    • 6,143 Thanks
    kidmugsy
    If you are really keen on gold and have a DC pension, you could always transfer it to one of the non-mass-market SIPP firms that allows you to invest in gold bullion and other non-standard assets.

    Or you could wait to see whether the Royal Mint strikes a deal with one of the mass market firms.

    Anyway, whatever the attractions of having 5% or 10% of your portfolio in precious metals, how are you going to store them safely?

    From an American blogger: "The most disappointing feature of the year was in the category of personal savings. I have managed net savings every year, including those that included paying for college educations. This year, however, began poorly when my gold dealer got robbed and lost my gold. My losses paled in comparison to his; he committed suicide."
    • Biggles
    • By Biggles 14th Mar 17, 8:20 AM
    • 7,345 Posts
    • 4,742 Thanks
    Biggles
    From an American blogger: "The most disappointing feature of the year was in the category of personal savings. I have managed net savings every year, including those that included paying for college educations. This year, however, began poorly when my gold dealer got robbed and lost my gold. My losses paled in comparison to his; he committed suicide."
    Originally posted by kidmugsy
    So not only was he dumb enough to buy gold, he stored it with an uninsured dealer. Not clever.
    • atush
    • By atush 14th Mar 17, 1:21 PM
    • 16,100 Posts
    • 9,806 Thanks
    atush
    Physical gold etf, and jewelry to wear. The only way I hold gold (apart from a few coins gifted to us by my mother).

    And I am not buying any at these prices.
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