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Why on earth would anyone buy gold. What can you do with it and just Why really?
Comments
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LisbonLaura wrote: »Good call
or did you guess the moment was near?
No I am a stupid home owner with a mortgage;)0 -
No I am a stupid home owner with a mortgage;)
Not so stupid perhaps.
You will be saved, whilst savers get caned.
Gordo-the-Caledonian-Wrecker has almost completed his appointed task.
... but will he sell off the remaining 40% (well it was) of the reserves when gold peaks? - It is not the usual British govt. way0 -
Gangstabird wrote: »I want to know why people would buy something that in times of crisis is absolutely farking useless.
Heavens i missed this thread, definitely an excellent subject to touch on.
GOLD? I don't know anyone who has bought it (except !!!!!!)..Never considered it as a short term investment because of it's hedging characteristics. Definitely agree with op. Would definitely not buy it at the moment.0 -
mr.broderick wrote: »GOLD? I don't know anyone who has bought it (except !!!!!!)..
I know loads of people who have bought gold, presuming they didn't nick it instead.
For example, my mother, OH's mother and father, and my best mate all wear gold wedding rings :j...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
I lost my wedding rings last year. They were beautiful and irreplacable (and uninsured:o ). I did see a ring I liked in Florence and DH was keen I should get it, but I just looked at it and thought of the dent it would make in our savings. I now hope to get another for my tenth wedding anniversary gift.neverdespairgirl wrote: »I know loads of people who have bought gold, presuming they didn't nick it instead.
For example, my mother, OH's mother and father, and my best mate all wear gold wedding rings :j
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How did you lose them?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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mr.broderick wrote: »Heavens i missed this thread, definitely an excellent subject to touch on.
GOLD? I don't know anyone who has bought it (except !!!!!!)..Never considered it as a short term investment because of it's hedging characteristics. Definitely agree with op. Would definitely not buy it at the moment.
It's not something I'd get involved in speculating in. But given that I reckoned the system was about to meltdown I thought I'd hedge as an insurance policy.
Was it effective, well as I speak gold is selling on Bullionvault for ~17.150 UK pounds per kilo. I bought at a tad under 13,800 per kilo less than four weeks ago.
I'll sell when it starts to drop back near 13,800. It slightly compensates for the loss in value of sterling which is tanking against most major currencies right now. Luckily, most of my savings are non-sterling.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Was it effective, well as I speak gold is selling on Bullionvault for ~17.150 UK pounds per kilo. I bought at a tad under 13,800 per kilo less than four weeks ago.
That's one hell of a loss.........much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Its $921 an ounce today. But where do you sell it for that price?0
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Its $921 an ounce today. But where do you sell it for that price?
You can trade on bullionvault.
Go to www.bullionvault.com and you can see their live prices. They are generally pretty close to official spot price, if anything they are ahead of the game a little.
Prices can be displayed in pound, dollar or euro and are expressed per kg and per troy oz.
Gold is currently selling around 17550 quid a kilogram. You're looking at an extra 200 quid to buy, given the spread.
Bear in mind that the pound is now plunging and gold is traded natively in dollars......--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0
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