Bumble Bees, Gold and a Single Scoop Recession.

dqnet

edinburgher wrote: »

I just like silver because it's shiny - perhaps the worst reason for an investment ever? Still, I'm only spending 2-3% of my earnings on it, compared to 5% in Zopa, 12-15% in equities.

So maybe a few ounces of trusted silver then..:)
I think i'll go for gold for now... Will start to buy an ounce a month if possible. They both seem to be good investments but it doesnt seem to answer the question i asked earlier about is it the right time..?
I got a few answers back but the link i put up shows that its like you say at a high price.. should I wait a little in your honest opinions (all)?

Lastly, you say Zopa... 5% i dont know how much that is but I have some money in zopa.. what is a good amount to play with when it comes to zopa?

gubdlog

Buy any dips for sure but dips will be shallower from now on.

If you waiting for a big dip you may miss the boat.

This is a good time to buy if you havent yet got any physical silver.

DiggerUK

dqnet wrote: »

...... Will start to buy an ounce a month if possible. ...... is it the right time..?

By acquiring an ounce a month, you will be able to get a feel if gold is for you, without putting all on the line.
It will also allow you to research more about what you are investing in.
DYODD is something you must do.

gubdlog is right about dips and current price, check fix today.

EDIT for price in GBP for 40 years put this in favourites.
http://goldprice.org/gold-price-uk.html

dqnet

many thanks guys... I'll start with both a little silver and gold.
What about throwing around 300 pounds in zopa a month.. does anyone see zopa as an investment or just a childs playground..?

p.s. who sells online silver.. it defintley is quite hard to find..

DiggerUK

dqnet wrote: »

......p.s. who sells online silver.. it defintley is quite hard to find..

http://www.goldline.co.uk/investmentBarsPage.page
http://www.bullionbypost.co.uk/
http://atkinsonsthejewellers.com/index.php?sec=cat&cat=3
http://www.coininvestdirect.com/en/

Only one I haven't used is BBP.

dqnet

p.s. any ideas on this

"Lastly, you say Zopa... 5% i dont know how much that is but I have some money in zopa.. what is a good amount to play with when it comes to zopa?"

edinburgher

What about throwing around 300 pounds in zopa a month.. does anyone see zopa as an investment or just a childs playground..?

Well, it's obviously an investment, if you appreciate the risks and appreciate how the concept works.

It strikes me that if you've got £1100 a month to spend on gold/Zopa you could probably speak to a professional for their opinion. Equities/bullion/p2p lending all tend to have their bulls/bears on MSE and the positions are often quite unbalanced.

getzegold

dqnet wrote: »

Hmm, what is everyone elses opinion on silver?

Silver is one of the best investments you will ever make. look at sites like

goldsilver.com and

silvermarketnewsonline.com

silver is seriously undervalued and is at the point of a massive supply squeeze as industrial consumption has outpaced production for the last 10 years and has eaten all above ground inventory and industrial production/consumption outstrips mine supply by 40 mill oz per year.

DiggerUK

getzegold wrote: »

silver is.......at the point of a massive supply squeeze as industrial consumption has outpaced production for the last 10 years and has eaten all above ground inventory and industrial production/consumption outstrips mine supply by 40 mill oz per year.

getzegold, as you have linked to a US site for PM's am I right in thinking you are the same gzg from Kitco?

I must demand as thread author however, that you source the substance of your above claim. The US Geological Survey is always muted as the source of the "looming silver shortage" but the article is never produced, you follow this trend of repeating what you heard and don't substantiate. If you can show me where it is on their site it might help.
http://minerals.usgs.gov/minerals/pubs/commodity/silver/

My research shows it to be a nonsense, as their seems to be a surplus of production over demand, which the "Implied Net Investment" figures at the bottom of this page shows as 136.9 million ounces a year.
http://www.silverinstitute.org/supply_demand.php

getzegold

DiggerUK wrote: »

getzegold, as you have linked to a US site for PM's am I right in thinking you are the same gzg from Kitco?

I must demand as thread author however, that you source the substance of your above claim. The US Geological Survey is always muted as the source of the "looming silver shortage" but the article is never produced, you follow this trend of repeating what you heard and don't substantiate. If you can show me where it is on their site it might help.


My research shows it to be a nonsense, as their seems to be a surplus of production over demand, which the "Implied Net Investment" figures at the bottom of this page shows as 136.9 million ounces a year.

No Im not from kitco. Demand? demand all you want mate but you don't really believe the stats from the US gov do you? next you'll be telling me you believe the usda numbers, employment numbers and inflation numbers lol, and don't you think is more than a little strange that demand equals supply to the exact mill oz at the silver institute link? implied disinvestment? yeah right thats why silver is going down then I take it? theres just too much of it and nobody wants it? last time I checked it was going up completely destroying the fabricated institute numbers of implied disinvestment.

heres someone I trust a little more than the US gov

Other interesting facts are that by 2008 worldwide demand for silver was about 900 million ounces a year, having grown by an average of 19.5 million ounces a year for the previous five years, while supply from mining and scrap was only 858.5 million ounces and growing at only 2.2% a year, meaning that supply was being outstripped by over 40 million ounces per year the whole time!
If that is not enough of a supply/demand imbalance to make you jump to your feet in eagerness to buy silver, longer-term it gets more interesting, because “in 1900 there were 12 billion ounces of silver in the world. By 1990, that figure had been reduced to around 2.2 billion ounces,” and now “today, there are less than 1 billion ounces in above-ground refined silver.”
In short, all the silver that was mined and refined since 1900 was used to create the gigantic electronic-based and electrical-powered economies of, mainly, America and Europe, and now that the silver has been used and thus disappeared, here comes China to need twice as much silver as was used by America and Europe.

I can't link to the article as I'm a new member just google amazing stats about silver@ silverseek

I would also advise visiting Harvey Organs daily gold blog. if you go the site you'll see a video of Mr Organ speaking at the CFTC hearings. he's well known and respected, he gives a daily analysis of the supply problems and general shenaningans occuring down at the comex and lbma, this will give you some idea of what is actually going on.