Keep My Isa Or Buy Gold?

jasonkurtsdad

I have an isa with bradford and bingly, but i dont think they are in great shape. i have about £2000 in it, with the price of gold higher than it was even a couple of years ago, would i be better off with closing the isa and buying some gold now before it goes even higher? the returns would be higher in the long run, wouldnt they?

Jimjams00_2

I don't know much about these things so for what it's worth here's my two- penny worth. Remember just like stocks and shares the price of gold can go down as well as up. A few points to mull over. Is the money in the ISA purely an investment or is it in there for a rainy day? Can you afford to gamble with this money? Are there better ISA's out there? Is this a long term or a short term investment?

It is a tempting prospect, on a couple of financial programmes a few experts have said that they could see gold reach $2000. But trying to predict the future price of anything is like trying to pick the winning lottery numbers. :rotfl:

CLAPTON

why would you buy something at a high price?... presumably it's more likely to fall than rise.

v.rajput

Ive wanted to invest in gold, there is a few guys on here who constantly chat about metals, they are youre best bet: cant remember there names but search buy gold or invest gold in search bar for forums, and you should find them.

In Asian culture its custom to wear a lot of gold, but this all to do with selling it when times are bad.....my grandfather allways said to get simple bangles of 22ct made up when prices where low and then get them exchange for fancier items of jewelley when prices where high,: but i know you can buy coins etc.

there are also websites where you virtually buy gold and they hold it for you.

When you decied let me know, then i will copy you!!!

vj

rl290

Suggest you repost this in the savings/investing forum. I am one of the "goldbugs" on the site, but wouldn't necessarily say moving all your money over is the best idea. You could change the funds you hold etc etc... repost this and you'll get quite a few replies

ixwood

The fact that obviously clueless people are considering it an option, means no in my book. It's the next bubble IMHO.