Gold - worth a punt?

hedger

http://www.moneyweek.com/investments/commodities/why-there-will-be-no-let-up-in-oil-and-gold-prices-13549.aspx

Im interested in buying Gold as I think it could go back to $1000/ounce. Has anyone any views on this and/or any info on the easiest way to trade in it?

thanks

wombat42_2

hedger wrote: »

http://www.moneyweek.com/investments/commodities/why-there-will-be-no-let-up-in-oil-and-gold-prices-13549.aspx

Im interested in buying Gold as I think it could go back to $1000/ounce. Has anyone any views on this and/or any info on the easiest way to trade in it?

thanks

If you are going to buy, right now is the best time of year as gold usually does very well in Sept to March because of customary buying of gold.

But it is still a risky investment so either only put a small amount of your portfolio in gold or be prepared to invest for the longterm.

hedger

any ideas how best to buy into gold (without it being delivered to my doorstep!)

purch

the easiest way to trade in it?

The 'easiest' way is via an ETF or similar.

But.......one of the main reasons for the rise in Gold price over the last few years, and it's on going attraction is that it is an alternative to 'paper fiat' currency due to it's tangible value.

The emergence of ETF's and other similar ways to trade Gold (and other tangible commodity's) has actually created a new form of Gold...'paper' Gold.

Paper Gold is in many ways a poor alternative to tangible Gold, and it is the rise of these markets that has made the manipulation of the Gold price far easier and more common.

Much of the earlier spike in the Gold price to $1,000 oz and subsequent sell off has far more to do with buying and selling of 'paper' Gold rather than demand or not for the actual Gold Metal itself.

fosking

Hedger,

I too have recently been attracted to the gold market and found owning physical gold was to expensive as I was only buying a very small amount of ebay and paying well over the price for it. I came across this website www.bullionvault.com and have found it to be exactly what I was looking for.

You can purchase gold as little as 1 gram a time and close to the spot price. You are able to trade in real time so if it jumps up quickly your able to instantly sell and make a profit or you can simply hang on to it until you decide to sell.

The site is perfect for those who are interested in the market and want to learn more and whats great is they give you one gram free when you register to learn on their expense.

Hope this helps

Fosking

hedger

thanks for the info guys. think I'll have a wee punt on this!

Jonbvn

fosking wrote: »

I too have recently been attracted to the gold market and found owning physical gold was to expensive as I was only buying a very small amount of ebay and paying well over the price for it. I came across this website www.bullionvault.com and have found it to be exactly what I was looking for.

Be very careful investing in this, since it is not registered with the FSA.

alchemistkevin

purch wrote: »

The 'easiest' way is via an ETF or similar.

But.......one of the main reasons for the rise in Gold price over the last few years, and it's on going attraction is that it is an alternative to 'paper fiat' currency due to it's tangible value.

The emergence of ETF's and other similar ways to trade Gold (and other tangible commodity's) has actually created a new form of Gold...'paper' Gold.

Paper Gold is in many ways a poor alternative to tangible Gold, and it is the rise of these markets that has made the manipulation of the Gold price far easier and more common.

Much of the earlier spike in the Gold price to $1,000 oz and subsequent sell off has far more to do with buying and selling of 'paper' Gold rather than demand or not for the actual Gold Metal itself.

mind telling us what provider you use please?

or any other recommendations?

thnx.

hedger

Jonbvn wrote: »

Be very careful investing in this, since it is not registered with the FSA.

seems a very professional and reputable company though? They arent offering advice or anything like that, just providing a service to purchase gold and store it and then sell it so cant see any risk (except if Gold value goes down obviously). Do you know any different?

LongTermLurker

hedger wrote: »

Originally Posted by Jonbvn
Be very careful investing in this, since it is not registered with the FSA.

seems a very professional and reputable company though? They arent offering advice or anything like that, just providing a service to purchase gold and store it and then sell it so cant see any risk (except if Gold value goes down obviously). Do you know any different?

They're not registered means if they go bust, or run away with your money, you have no comeback.

You're investing on a false sense of trust - they may appear professional, and may indeed be professional, but then why haven't they bothered to become authorised?

alchemistkevin

Any input on alternatives please?