A must read if considering gold.

DiggerUK

The World Gold Council, (WGC), is an international trade body for gold. They regularly publish statistics on gold supply and demand.

Their latest report was published yesterday, which will explain why there are a lot of articles about gold on all financial chat sites and forums.
They are funded by gold producers, refiners and the like, don't expect them to slag off gold, and switch on your b()llshit meters.
But the info is good, and free.
And as a special for those who like that kind of thing, lots of graphs.

http://www.gold.org/assets/file/pub_archive/pdf/GDT_Q2_2010.pdf

And yes, it is still a good time to buy at these prices.
https://forums.moneysavingexpert.com/discussion/2583121

Please keep posts to one screen/page in length. Including signatures.

ed123_2

,,,,,,I read recently that gold is expected to drop to $1010 an oz. by mid oct (can't remember link...i know iknow) also I don't fancy having all my wealth in the dinning room drawer.......ed

DiggerUK

ed123 wrote: »

,,,,,,also I don't fancy having all my wealth in the dinning room drawer.......ed

Then stick it up your mattress instead :cool:

rockitup

Always ready to help lads......

I got a bit of room left in my safe deposit box for a few kilo bars of gold (or coins) as long as it ain't that dodgy african stuff!

DiggerUK

rockitup wrote: »

Always ready to help lads......

I got a bit of room left in my safe deposit box for a few kilo bars of gold (or coins) as long as it ain't that dodgy african stuff!

I have a few friends in Africa servicing Mrs.D. regular, should I be concerned?

chris_m

DiggerUK wrote: »

Then stick it up your mattress instead :cool:

Bit lumpy, though :D

rockitup

DiggerUK wrote: »

I have a few friends in Africa servicing Mrs.D. regular, should I be concerned?

Yeah you should be, I get round there to look after her in return for a nice discount on my Krugerrands, lol:rotfl:

DiggerUK

chris_m wrote: »

Bit lumpy, though :D

Not met Mrs.D, have you.
But sooooo cudleeeee.
Some things really is nicer than gold.

DiggerUK

rockitup wrote: »

Yeah you should be, I get round there to look after her in return for a nice discount on my Krugerrands, lol:rotfl:

Whaaat!!! they were my Krugs, she only ever buys Maples and Brits.

rockitup

DiggerUK wrote: »

Not met Mrs.D, have you.
But sooooo cudleeeee.
Some things really is nicer than gold.

Ooh I loikes her lumpy bits....:D she says good things about you Dig!

DiggerUK

OK, before the mods step in, and as I started the thread, lets stay on topic.

Gold, or corporate bonds (CB's), seem to be safe haven choices at the moment, I think CB's are pooh and overbought, a common criticism of gold.
Who is right?
Or should portfolios have a tranche of gold 'exposure', as well as CB's.:think: