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    • levdon01
    • By levdon01 12th Sep 17, 9:05 PM
    • 7Posts
    • 1Thanks
    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 2
    • JohnRo
    • By JohnRo 13th Sep 17, 12:06 PM
    • 2,511 Posts
    • 2,270 Thanks
    Never held lumps of the shiny stuff in my hands but I have owned in the past via a very small exposure to Julius Baer physical gold.

    Also had exposure indirectly via Blackrock, firstly with Gold & General a long time ago, which did very well for me when sold, although that was far more about luck than judgement.

    I now hold a very small stake in BRWM which itself has some limited exposure to gold miners. BRWM allocation is currently 1.98% of income portfolio around 0.5% of total investments, so that's about 0.1% gold mining exposure overall. Or in other words not really very much at all.

    I have no intention to 'invest' in lumps of the shiny stuff now or in the future.
    Last edited by JohnRo; 13-09-2017 at 12:33 PM.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
    • Joe_Bloggs
    • By Joe_Bloggs 13th Sep 17, 12:38 PM
    • 4,420 Posts
    • 1,560 Thanks
    With Gold you will lose X% on exchange to buy it. You will lose Y% to sell it. There may be costs to hold it.
    There are a very limited number of Gold traders. They get the X% + Y%.
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    • scd3scd4
    • By scd3scd4 13th Sep 17, 1:08 PM
    • 601 Posts
    • 503 Thanks
    Talking of Gold. there is lovely like scam where you can but grains..........yep grains but not grams as an investment. Now do the math and have a little laugh.
    • A_T
    • By A_T 13th Sep 17, 2:07 PM
    • 279 Posts
    • 163 Thanks
    I have a small percentage in SGLN. Gold, like all investments, is only worth what someone is willing to pay for it at any given time.
    • Malthusian
    • By Malthusian 13th Sep 17, 2:58 PM
    • 3,568 Posts
    • 5,483 Thanks
    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
    Originally posted by bowlhead99
    Carol Vorderman got a third and it didn't do her career any harm. Ben Dyson of flunked out as a second year ungraduate and still made a career out of not understanding fractional reserve banking. Whereas I have a 2:1 and spend all day on here.

    If anything he is overqualified to be a celebrity economist.
    • atush
    • By atush 13th Sep 17, 3:10 PM
    • 16,456 Posts
    • 10,200 Thanks
    I hold gold, both thru my brokerage acct, and physical (some sovereigns given as gifts plus my jewelry).

    But apart from gifts, I havent bought gold since ti went north of $700
    • Zanderman
    • By Zanderman 13th Sep 17, 3:20 PM
    • 1,328 Posts
    • 3,785 Thanks
    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
    Originally posted by bowlhead99
    Nowt wrong with a Desmond (I have one too). But I don't why anyone would want to mention it on LinkedIn. I'd only mention a score on there if it was a 1st!

    And the OP may be on his way to being an celebrity economist (or aspring to be). He has a book to promote (mentioned in his sig) newly published via the DIY publisher CreateSpace (nowt wrong with that either, I have one of those too!) .

    I'm not sure it's quite proper to promote that book on the forum though, even though done in a very low key way!
    [Edited to add: I see the book promo has now been removed!]
    Last edited by Zanderman; 14-09-2017 at 7:48 AM. Reason: adding last sentence
    • longleggedhair
    • By longleggedhair 13th Sep 17, 3:23 PM
    • 286 Posts
    • 359 Thanks
    I own two gold sovereigns, I imagine they account for less than 1% of my portfolio. No particular reason other than a small insurance against economic collapse.
    • markj113
    • By markj113 13th Sep 17, 4:32 PM
    • 127 Posts
    • 94 Thanks
    With Gold you will lose X% on exchange to buy it. You will lose Y% to sell it. There may be costs to hold it.
    There are a very limited number of Gold traders. They get the X% + Y%.
    Originally posted by Joe_Bloggs

    Very easy to buy/sell gold and there are plenty of well known and trusted dealers you can use.

    Spread can be as little as 3.5%

    You can buy at 1.5% over spot and sell at 2% under spot. (to a dealer) although you can easily sell at spot or just over privately.
    • Bazofts Revenge
    • By Bazofts Revenge 16th Sep 17, 11:01 PM
    • 295 Posts
    • 151 Thanks
    Bazofts Revenge
    Only in terms of gold rings. Had an insurance payout which came in the form of vouchers for a highstreet jewellers only had a set time period to spend them so bought 3 solid gold wedding rings. bought basically as much weight in gold as I could get. Ironically looking on their website the smallest size has gained in 'retail' price (36%) where as the biggest by weight has barely moved at all (7.5%) over 5 years.
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    • captainreckless
    • By captainreckless 16th Sep 17, 11:14 PM
    • 22 Posts
    • 15 Thanks
    No gold. Did have some Blackrock Gold & General that I bought in the run up to the brexit vote. Sold out shortly after.
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