A must read if considering gold.

Jonbvn

shaven-monkey wrote: »

Could always rush into the street with a bar under your arm and slap people around the head until they give you their corporate bonds?

You can hold gold and bonds you know?;)

DiggerUK

The price jumped to 809 an ounce today at pm fix.
http://www.lbma.org.uk/pages/?page_id=53&title=gold_fixings&show=2010&type=daily
No way of knowing what will happen tomorrow.
Just keep checking those prices.

Once these prices are gone there is no way of telling when, or if, they will return.
For the record, gold at 700 an ounce is a price never to be seen again. Maybe.:think:

RDB

Yes and For the record, silver at 11 an ounce is a price never to be seen again. Maybe.

Digger what do you make of the J.P.Morgan story being forced to stop the silver price suppression?

C_Mababejive

http://www.newcastle.co.uk/savings/Five-Year-Bond-2

(with easyish access..!)

I havent dabbled in gold as i truly believe that the car is almost at the top of the big dipper.Also physical gold isnt very liquid.

I think the answer is good value deposits as above.
investment grade bond funds
Good solid equities
Get some debt (like the rest of the country)
Stooze 0% CC's
Live a little and dont try to hoard too much

edinburgher

With such emotive prose, you must be a Sky journalist!

I'm glad that someone said it. The thing that has been putting me off gold is the fact that (more so than with other investments), misinformation and sentiment seems to be the order of the day when it comes to holding gold. You're either a) an idiot who hasn't realised that the sky is falling, or b) a strange survivalist miser who is determined that the world as we know it will end soon

Personally, I think I will be adding a small amount of physical gold to my 'portfolio' (if you can call it that), but it'll be done in as calm a fashion as possible, ignoring the BS 'he said, she said' mentality of the market. Planning on converting 10% of my cash to gold come the end of the year.

DiggerUK

RDB wrote: »

..... silver at 11 an ounce .......
...... J.P.Morgan story......

Silver is not my speciality, nor do I see it as advantageous as gold.
VAT, bulk, and most of it being used in manufacturing does not tick a lot of boxes for me. I do follow the silver thread though.
If the recession goes deeper, as it seems to want to do, then 11 pound may be bottomed if manufacturing demand tanks.

Have never been convinced about manipulation arguments. Remember, shady people in business is not much of a surprise, it's normal. Whether criminal or civil charges will really be brought against JP Morgan remains to be seen.
I suspect at worst they will agree a fine, "and put procedures in place to ensure blah, blah,bl...."

blinko

i disagree gold is near all time highs, surely now is not that point to be investing

im aware there is uncertainty on the market and this has driven gold higher but i still dont think at the moment its a good time to be in !

short term markets are going to rise, medium they will slip and slide

so maybe its better to wait for an entry point