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Gold Prices Rally on Safe Haven Buying. gold hit a new record of £767

Asheron
Asheron Posts: 1,229 Forumite
in Debate House Prices & the Economy
Gold Prices Wednesday were rallying to their 2010 highs after investors bought gold as a safety net against a euro crash and Greek debt.

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7645903/Gold-hits-four-month-high.html

:rotfl:
As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
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Comments

  • MacsReturns
    MacsReturns Posts: 335 Forumite
    I so regret buying those sovereigns when it was £450/oz :beer:
    A man is rich in proportion to the number of things he can afford to let alone - Thoreau
  • Asheron
    Asheron Posts: 1,229 Forumite
    It really is the only currency in the world you can trust. But don't forget Silver.
    Silver is an investment opportunity of a lifetime right now .
    As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
  • MacsReturns
    MacsReturns Posts: 335 Forumite
    I quite agree - looks very cheap. Alas I first stocked up on silver before I worked out the best way to buy and have still to catch up on the premium I paid - but I'm sure I will, in time. Meanwhile, it is very pretty :p
    A man is rich in proportion to the number of things he can afford to let alone - Thoreau
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    Gold could quite easily turn out to be the bubble to end all bubbles.
  • themanbearpig
    themanbearpig Posts: 481 Forumite
    Part of the Furniture Combo Breaker
    Most of the earth gold reserves are held by and manipulated by the Rothschild's anyway... they ARE the market, when they want to send it downhill, they will.
  • MrEnglish
    MrEnglish Posts: 322 Forumite
    MacsReturns wrote: »
    I quite agree - looks very cheap. Alas I first stocked up on silver before I worked out the best way to buy and have still to catch up on the premium I paid - but I'm sure I will, in time. Meanwhile, it is very pretty :p

    What have you found to be the best way to buy silver?
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Now that's overheated they'll be putting money into bricks and mortar no doubt.
  • abaxas
    abaxas Posts: 4,141 Forumite
    The mad thing is, a very boring FTSE tracker fund has pi££ed all over gold in the last 12 months.

    It's all relative.
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    abaxas wrote: »
    The mad thing is, a very boring FTSE tracker fund has pi££ed all over gold in the last 12 months.

    It's all relative.

    How about gold/silver miner stocks? I was buying selling small amounts of SLW on the NYSE in the $3-3.5 range, just after they hit bottom. I lost faith and took my money out then sat by and watched the price quadruple in no time. I now hate mining stocks!
  • abaxas
    abaxas Posts: 4,141 Forumite
    phil_b wrote: »
    How about gold/silver miner stocks? I was buying selling small amounts of SLW on the NYSE in the $3-3.5 range, just after they hit bottom. I lost faith and took my money out then sat by and watched the price quadruple in no time. I now hate mining stocks!

    No idea,

    I was just pointing out that although gold has done well, even the most boring investor would have done better.
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