We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

JPMorgan Natural Resources or First State Global Resources

13»

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    barny_100 wrote: »
    With a socialist in charge about to whack a 40% tax on mining profits?

    What a coincidence, we have Tories here and they are going to slap a 40% tax on you capital gains% between them there probably won't be much left icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • bendix
    bendix Posts: 5,499 Forumite
    wombat42 wrote: »
    seriously risky as Ozzy resources companies depends so much on China and things are getting precarious in China right now.

    I am 100% investing in Gold stocks (Investec Global Gold). There is a realistic theoretical basis for $5000 gold.

    no offence,but someone who is invested 100% in ANYTHING has no leverage to suggest someone else's idea is 'seriously risky'.
  • wombat42_2
    wombat42_2 Posts: 1,312 Forumite
    bendix wrote: »
    no offence,but someone who is invested 100% in ANYTHING has no leverage to suggest someone else's idea is 'seriously risky'.

    yes gold has ts own risks but it typically does well if everything else tanks.
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    bendix wrote: »
    no offence,but someone who is invested 100% in ANYTHING has no leverage to suggest someone else's idea is 'seriously risky'.

    You have to laff at the one-eyed gold bugs offering investment advice.:D
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 19 May 2010 at 10:36AM
    The thing with gold is and this is true daily as well as over the years is that it moves very rapidly then it does nothing. You have to be a patient one, any gains it makes need to be verifyed over time I think and that can be quite boring.

    When it does spike it will be obvious and it'll reverse rapidly also as well I guess

    http://www.hardassetsinvestor.com/features-and-interviews/2144-jon-nadler-golds-current-highs-not-sustainable.html?start=2



    Why not invest the profits from any rise elsewhere. Gold doing well while everything else plummets is otherwise known as the apocalypse :p




    The lines are getting shorter and shorter however

    11095714.png
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.6K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture