Bumble Bees, Gold and a Single Scoop Recession.

dqnet

Excellent - Many thanks for all your help DiggerUK.
One last question I promise... Is now a good time to throw a few 'k' at gold?

Lokolo

dqnet wrote: »

Excellent - Many thanks for all your help DiggerUK.
One last question I promise... Is now a good time to throw a few 'k' at gold?

Digger will say "its always a good time to put money into gold"....

cloud_dog

October tends not to be a good month for gold but that is only a short tem consideration.

dqnet

Sould one wait a little longer to go for it then? I've been looking at the prices at:
http://www.lbma.org.uk/pages/?page_id=53&title=gold_fixings&show=2010&type=daily

It seems from that link it 'isnt' a good time.. But am I wrong?

Llubrevlis

dqnet wrote: »

Sould one wait a little longer to go for it then? I've been looking at the prices at:
http://www.lbma.org.uk/pages/?page_id=53&title=gold_fixings&show=2010&type=daily

It seems from that link it 'isnt' a good time.. But am I wrong?

We are at 30 year highs for silver and all time highs for gold.

But they have both got a long way to go.

Soon we will set new all time records for both gold and silver.

But silver is still 85% under its all time high.

http://www.youtube.com/watch?v=BKzNVrZ5Q_s

dqnet

Maybe i will throw 5k or so at it... if you guys think its a right time.. i was just concerned about that article showing how expensive it was

downs523

gold has peaked, invest in silver, it is rising daily and is so under valued, google invest silver bullion or youtube it, also if anyone has an iphone search for Kcast on the apps its a live gold/silver/platinum etc app that shows its current spot price

downs523

https://forums.moneysavingexpert.com/discussion/2593795 alot of silver investing info here

downs523

dqnet wrote: »

Maybe i will throw 5k or so at it... if you guys think its a right time.. i was just concerned about that article showing how expensive it was

dont decide on what people say on here, do a lil research for yourself mate if i was you.

DiggerUK

Lokolo wrote: »

Digger will say "its always a good time to put money into gold"....

Long term this is my position.
Reason being you will never end up with worthless gold, unlike equities/bonds/cash etc., that can disappear faster than Kaiser Soze.
Don't forget, the greatest trick that paper money ever pulled, was convincing the world it was real.

Gold's rise at present, is down to the falling value of money, not because gold is any more useful. It is just a lump of elemental metal after all.
You won't get rich saving gold, but you will hang on to your wealth, which is why I always describe gold as a no risk investment.

Even the usual suspects put money as the lowest risk, gold is money, just with no risk attached.