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  • FIRST POST
    • kdwood001
    • By kdwood001 11th Apr 17, 9:02 AM
    • 2Posts
    • 1Thanks
    kdwood001
    do you know you can buy gold bullion for 20 upwards from royal mint?
    • #1
    • 11th Apr 17, 9:02 AM
    do you know you can buy gold bullion for 20 upwards from royal mint? 11th Apr 17 at 9:02 AM
    The gold is protected by the ministry of defence and held securely in the royal mint in wales. you can buy amounts from 20 uk pounds only and GET THIS it is VAT FREE as far as I can tell. Please check details and get appropriate advice before buying but gold is commonly used in times of upset when shares may be volatile. there are no guaranteees so don't buy what you cannot afford to lose. there is no investment without risks so it is up to you.

Page 2
    • grey gym sock
    • By grey gym sock 17th Apr 17, 3:14 PM
    • 4,044 Posts
    • 3,512 Thanks
    grey gym sock
    I have enormous faith in the Rothschild family's predictive qualities.
    Originally posted by Carrieanne
    you are confused.

    (leaving aside that having faith in the abilities of a family, whose members of course have wildly varying abilities, doesn't quite make sense ...)

    the rothschilds have made no prediction about the future of currencies and gold. they just owned a magazine in which some speculative article on that subject was published. they probably had no idea about the contents of the article. but if they did, then all they were predicting was that publishing articles like that was a good way to sell magazines, not that the predictions in the article would come to pass. all kinds of predictions are made in magazine and newspaper articles; a few are accurate, some are at least thought-provoking, most of them are complete rubbish. sensational articles tend to sell better than mundane articles.

    look at what the rothschilds do with their money, not at what a magazine article (which doesn't represent their views) said. most of it is invested in businesses (such as that magazine), not in gold. if you want to grow your money, and can take a long view, that's probably what you should do with most of your money, too. though it is not always possible to take the long view, especially if you are less wealthy.
    • grey gym sock
    • By grey gym sock 17th Apr 17, 3:26 PM
    • 4,044 Posts
    • 3,512 Thanks
    grey gym sock
    Also try to ignore the retards here that think if you purchase some gold that somehow equates to you to being an end of the world, zombie apocalypse prepper.
    Originally posted by markj113
    the arguments for gold are all over the place. some good, some silly.

    some people do keep bringing up the idea that gold will retain value if economies or civilizations collapse. (mentioning zombies is just a colourful exaggeration.) that's at the silly end of the spectrum. gathering gold is a dreadful way to prepare for that. a sensible way would be to move to a more stable country, and/or to a remote part of the countryside where you can grow your own food.

    the better arguments for gold are mainly about how allocating a fixed small percentage of a portfolio to gold may improve its performance (meaning: improve the combination of returns and volatility of the portfolio). that is a fair enough approach, though it is also reasonable to omit gold from a portfolio. it's debatable.
    • Pincher
    • By Pincher 18th Apr 17, 6:26 PM
    • 6,516 Posts
    • 2,490 Thanks
    Pincher
    a sensible way would be to move to a more stable country, and/or to a remote part of the countryside where you can grow your own food.
    Originally posted by grey gym sock
    Twenty years ago, Switzerland was more amenable to foreign property buyers, but you needed a Swiss person to recommend you.
    Now they have bunkered in again. Ski chalets are still a way in, but I'm not sure you are allowed to stay permanently.

    Nobody with money wants to go to the USA, the world wide income tax regime is just too much to bear. Dubai is talking about stopping their tax free status.

    Does anyone really want to live in Monaco?

    London is the BEST PLACE IN THE WORLD.

    I wish they would do a DUBAI version 2 in Siberia.
    Very fertile soil thawing, Use green house to grow food.
    Lots of natural gas for central heating in winter.
    Last edited by Pincher; 18-04-2017 at 6:29 PM.
    • picks
    • By picks 18th Apr 17, 9:14 PM
    • 173 Posts
    • 61 Thanks
    picks
    The gold is protected by the ministry of defence and held securely in the royal mint in wales.
    Originally posted by kdwood001
    What happens if Wales has a snap referendum and decides to quit out of the UK and join the EU? I presume there'll then be a travel visa to pop over there and international tariffs to pay to move the stuff? As part of the current craze for elections maybe they'll also organise a snap referendum to decide if those wanting to access the gold have to speak and write Welsh?
    Last edited by picks; 20-04-2017 at 8:11 AM. Reason: clarification
    • EdGasketTheSecond
    • By EdGasketTheSecond 19th Apr 17, 10:52 AM
    • 157 Posts
    • 78 Thanks
    EdGasketTheSecond
    A more cost-effective way to invest in gold is with a gold ETF such as iShares SGLN
    • Carrieanne
    • By Carrieanne 19th Apr 17, 12:17 PM
    • 57 Posts
    • 52 Thanks
    Carrieanne
    the arguments for gold are all over the place. some good, some silly.

    some people do keep bringing up the idea that gold will retain value if economies or civilizations collapse. (mentioning zombies is just a colourful exaggeration.) that's at the silly end of the spectrum. gathering gold is a dreadful way to prepare for that. a sensible way would be to move to a more stable country, and/or to a remote part of the countryside where you can grow your own food.

    the better arguments for gold are mainly about how allocating a fixed small percentage of a portfolio to gold may improve its performance (meaning: improve the combination of returns and volatility of the portfolio). that is a fair enough approach, though it is also reasonable to omit gold from a portfolio. it's debatable.
    Originally posted by grey gym sock
    I view owning gold as an insurance policy against financial chaos. It has been used as money for thousands of years and has never been worthless, unlike a great many currencies. I accept it would be worth nowt in a Mad Max scenario. Governments worldwide hate gold because they don't want its price to reflect reality so are content for its price versus their fiat to be suppressed.

    Outside of forums such as this one, I doubt whether 1 in every 100 Britons would be able to state within a 5% margin of error the price of gold expressed in pounds today, and for half of that 1% it would be a lucky guess. To my mind, anyone capable of critical thinking would gauge that behind the curtain the situation is perilous from years of record and absurdly low interest rates.
    • Biggles
    • By Biggles 19th Apr 17, 1:16 PM
    • 7,340 Posts
    • 4,739 Thanks
    Biggles
    gold is commonly used in times of upset when shares may be volatile.
    Originally posted by kdwood001
    I can vouch for that. I did all my local shopping with gold bullion during the last financial crisis in 2008 and all the shopkeepers were most impressed. At least, I think that was their expression.
    • ColdIron
    • By ColdIron 19th Apr 17, 1:55 PM
    • 3,188 Posts
    • 3,626 Thanks
    ColdIron
    Governments worldwide hate gold because they don't want its price to reflect reality so are content for its price versus their fiat to be suppressed.
    Originally posted by Carrieanne
    That'll be why Venezuela, the Netherlands and Germany amongst others have been repatriating much of their gold in the last 5 years. China and India can't get rid of it quickly enough
    • grey gym sock
    • By grey gym sock 19th Apr 17, 4:02 PM
    • 4,044 Posts
    • 3,512 Thanks
    grey gym sock
    That'll be why Venezuela, the Netherlands and Germany amongst others have been repatriating much of their gold in the last 5 years. China and India can't get rid of it quickly enough
    Originally posted by ColdIron
    quite. if they wanted to depress the gold price, they'd be selling all their gold. supply and demand.

    I view owning gold as an insurance policy against financial chaos.
    Originally posted by Carrieanne
    this doesn't make sense.

    i assume you're not thinking about temporary IT glitches (ATMs not working). to prepare for that, it would be best to keep slightly more cash at home than your neighbours do, and perhaps to have accounts with multiple banks.

    in case banks in the UK go bust, you just need to keep within the FSCS deposit protection limits, or to keep any larger deposits with (the State-backed) NS&I. as the currency issuer, nothing can prevent the UK from ensuring all FSCS & NS&I promises are kept, so long the government wants to. and the political influence on the government of relatively wealthy voters (which is always stronger than the influence of voters in general) will ensure that the government does want to.

    if you live in a country with a less credible government / currency, you might reasonably not want to rely on equivalent promises (if they are even made). in which case, you might want to hold some of whatever more stable currency is accepted locally - mostly commonly, this is the US dollar. that could mean holding dollars in cash, or in banks (possibly, banks outside your country).

    (look at what people actually do when they don't trust the local currency, or when it actually collapses. usually, they use US dollars as money. they never use gold.)

    It has been used as money for thousands of years
    it was used as money. until about 1971. (in other news, the beatles have broken up )

    and has never been worthless, unlike a great many currencies. I accept it would be worth nowt in a Mad Max scenario. Governments worldwide hate gold because they don't want its price to reflect reality so are content for its price versus their fiat to be suppressed.
    paranoid nonsense. governments don't care about the gold price.

    Outside of forums such as this one, I doubt whether 1 in every 100 Britons would be able to state within a 5% margin of error the price of gold expressed in pounds today, and for half of that 1% it would be a lucky guess.
    nor could most people tell you the price of most other commodity. these are obscure technical details which most people don't need to know.

    the prices of energy, oil, etc, have much more effect on most people. and people (or at least drivers) are mostly aware of the price of petrol; and of their home energy bills. there are some commodity prices that might affect things like the price of a smart phone. gold is pretty irrelevant.

    To my mind, anyone capable of critical thinking would gauge that behind the curtain the situation is perilous from years of record and absurdly low interest rates.
    the situation is that we now use credit-based money, not gold-backed money, and you are in denial about this.

    this are a number of credit bubbles which will need to be deflated, and this is not being tackled. but returning to gold-backed money is not the answer. that would be far worse than the disease.
    • Cogs44
    • By Cogs44 19th Apr 17, 5:04 PM
    • 14 Posts
    • 8 Thanks
    Cogs44
    Just buy bitcoin. No VAT or charges to hold and you can email it to yourself (or hold on a usb pen drive) for easy access in the time of zombie apocalypse or government collapse.
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