Opinions on Gold?

nrsql

>> Only if I thought the economy / share prices were going to get MUCH worse, would I invest at these levels.

How about if you thought it might even if unlikely.
It doesn't have to be an all or nothing - could tailor the amount invested depending on what you think the risks are.
If I didn't have any I would probably buy a small amount now and hope that I could buy more as the price fell.

rl290

murphydavid wrote: »

So, for a complete novice in Gold – How’s it done? Is there a UK equivalent of Krugerrands? Do you just nip down the bank and buy them like exchanging currency. What does the middle man charge? commission or price differential and what is it? Is there a way to invest in it safely without actually handling it?

See this thread:
http://forums.moneysavingexpert.com/showthread.html?t=978633

R

ozzage

What's all this talk about precious metals? I just wanted to know if people liked the song I posted!

mrposhman

nrsql wrote: »

>> Only if I thought the economy / share prices were going to get MUCH worse, would I invest at these levels.

How about if you thought it might even if unlikely.
It doesn't have to be an all or nothing - could tailor the amount invested depending on what you think the risks are.
If I didn't have any I would probably buy a small amount now and hope that I could buy more as the price fell.

Perhaps, but isn't gold normally seen as just a protector of cash rather than a moneymaker? If you want to protect your cash then potentially a savings account (even at say 4%) may provide better protection and provides an easily liquidated asset when things pick up. Theres no possibility of losing your cash (in the main) so therefore imo has a similar upside but without the downside risk.

I don't see why gold is any different to any other investment instrument. Buy when its low, sell when its high.

At the moment, I think its unlikely the economy will disappear and therefore do not see much of an upside to gold but I may be forced to eat my words but we shall see.

If the Asset Protection Scheme is implemented, this could give the banks the final push they need and they may start lending again. I believe we have to get the economy moving again before we make dramatic changes to the economic fundamentals. Ie. get it moving again and then sort out creating a more sustainable society with less leveraged businesses, individuals and government.

GeorgeHowell

Gold is the new buy-to-let.

sabretoothtigger

The economy might get much worse, the markets may collapse (further) hence the price.

Its a long term thing, if you think 2010 wont be any worse then now you shouldnt have much interest in gold above 700 I guess but if you think obama is planting tnt in the foundations of the US economy then you'd be buying at 900 as it is still a bargain.


The part I wonder about is why does it matter where the gold is stored, perth gold certificates are basically the same as a gold cfd held here right

stv1x

sabretoothtigger wrote: »

The economy might get much worse, the markets may collapse (further) hence the price.

Its a long term thing, if you think 2010 wont be any worse then now you shouldnt have much interest in gold above 700 I guess but if you think obama is planting tnt in the foundations of the US economy then you'd be buying at 900 as it is still a bargain.


The part I wonder about is why does it matter where the gold is stored, perth gold certificates are basically the same as a gold cfd held here right

Some doubt that paper trades of gold are just that and that the gold being traded doesn't actually exist....apparently physical gold movements across the World don't seem to correlate with the volumes mined in a sort of Madoff kind of way.
:eek: