Investment in gold???

wombat42_2

sabretoothtigger wrote: »

For rich people 5% in gold is the standard advice I've seen.

I think the 5% recommended quota on Gold is out the window in the current climate. If you know what you are doing you can argue for a much higher perecentage, say 30%

purch

a crazy conspiracy theorist

I dunno why you crazy conspiracy theorists get so upset about being called a crazy conspiracy theorist

It's not a big conspiracy against you....

You should take it as a compliment !!!!!

Asheron

Not upset, just really happy I have helped alot of people over the last 3 years.

shindigger

Bazn wrote: »

people have short memories.

It does not always preserve capital. gold can go down as well as up. from 1980 to 2000 it declined from about $800 to less than $300. in other words, a slow painful death. don't buy gold without keeping this in mind.

Having said that, gold does look like its on the up right now.

however, other safer places for capital preservation would be NS&I index-linked certificates, or alternatively, index-linked gilts.

As long as McStalin doesnt nobble the inflation basket, which he will. And by the way, despite all this crap about deflation, look what came out today.

http://www.economicnews.ca/cepnews/wire/article/228944
Like you needed telling.

DocProc

The share price of GBS (Gold Bullion Securities) is directly related to the price of gold:

More at http://www.goldbullionsecurities.com

GBS (US$, LSE) •
Spot Gold (US$, London Spot) •

sabretoothtigger

Questor tips gold, fine but I'd be more impressed if this was done at the market high of obamas election.
Newspapers follow trends rather then predict them it seems to be

http://www.telegraph.co.uk/finance/markets/questor/4512793/Questor-how-to-play-the-coming-gold-price-jump.html


Mentions a fund of gold shares, is there a similar fund of actual holdings in gold though

http://www.h-l.co.uk/funds/fund_performance/sedol/0173258

Silver
Silver is also a precious metal that should not be ignored.
The price of silver tends to move with the gold price – and should the gold price spike, Questor expects that the silver price will rise too.
Questor's recommended investors buy into the world's largest silver producer Fresnillo on January 18.
The shares are up 34pc, after the silver price jumped 17pc since the recommendation was made. Shares in Fresnillo remain a buy.

Investors may be aware that in September a number of ETFs were suspended as they were backed by AIG products.
However, one gold ETF that was not suspended because it is backed by real gold was the ETF Securities Physical Gold fund, which trades on the London Stock Exchange under the symbol PHAU.

http://www.telegraph.co.uk/finance/4514330/Recession-glimmers-of-hope.html

tradetime

You might also want to consider PowerShares DB Precious Metals Fund (DBP) if you have access to buy it.

cloud_dog

This article is quite good, not because it is positive on Gold but because of the information contained and how it builds the case for its position.

http://www.kitco.com/ind/Hommelberg/feb062009.html

cloud_dog