Investing in gold - is it worth it?

Howey

Hi

I am thinking of investing a small amount of my savings in gold and have a few questions:-

Is it worth it?

What form of gold should I go for ie coins, bars, mining companies etc.

Should the gold be kept in a secure vault?

Can anyone suggest a reputable company to do business with?

getzegold

Howey wrote: »

Hi

I am thinking of investing a small amount of my savings in gold and have a few questions:-

Is it worth it?

What form of gold should I go for ie coins, bars, mining companies etc.

Should the gold be kept in a secure vault?

Can anyone suggest a reputable company to do business with?

I would recommend ATS bullion, great service and very reliable.
One time when I got a consignment of silver UPS messed up and I waited a day for nought. ATS couldn't apologise enough and sent me 3 silver ASE coins free.(£40 quids worth at the time)

Alot of goldbugs recommend that you store your gold outside of the banking system due to the possiblity of default by a holding vault or bank.

bars, coins or shares? Why not a mixture of all 3?

is it worth it? heres some videos and links:

http://www.youtube.com/watch?v=doSpeRyBHw8&feature=player_embedded

http://www.caseyresearch.com/articles/3735/gold,-get-it-while-you-can/

http://preciousmetalsnews.blogspot.com/2010/10/2000oz-gold-next-year.html

you'll find plenty of links at the PM news site for further research

Howey

Thnaks getzegold

great advice and loads of info. should keep me busy for a while.

greenbubble

another link that i found great when i first looked into the subject.

http://www.greenenergyinvestors.com/index.php?showtopic=3757

what helped me was working out why i was doing it.

that way helped me decide on what method was best.

eg. to me it wasnt an investment in the purest sense , more a hedge against currency manipulation, how much to invest etc.

i have used http://www.coininvestdirect.com for both silver and gold purchases and been very happy

green

Loopgames

Is it worth it?

It's worth its weight in gold.

malik999

Howey wrote: »

Hi

I am thinking of investing a small amount of my savings in gold and have a few questions:-

Is it worth it?

What form of gold should I go for ie coins, bars, mining companies etc.

Should the gold be kept in a secure vault?

Can anyone suggest a reputable company to do business with?

Different people seem to opt for different methods.
I personally went for the mining companies and also invested in NYSE:GLD after reading one of cramers books. Yes i read it!
Securing Gold (cost) and the owning of physical gold ive never quite worked it out. Although to be honest my only experience/knowledge was a collegue who tried to sell their gold after owning it for 10 years and found it very difficult to sell it for its true worth.

pKaTz

how would you go about selling gold and silver. Say I wanted to sell up in 10 years, how hard is it to sell at spot - or as close as possible to it.
I think cooksons in birmingham will buy at 99% of spot but not sure if you have to have bought it there first.

C_Mababejive

Arent you worried its at its peak? Sooner or later you will have to swap it for paper money.
You could loose big time. The private investor is just a bottom feeder most of the time. The big money has already been made.

getzegold

pKaTz wrote: »

how would you go about selling gold and silver. Say I wanted to sell up in 10 years, how hard is it to sell at spot - or as close as possible to it.
I think cooksons in birmingham will buy at 99% of spot but not sure if you have to have bought it there first.

I doubt you will have any problems at all. there are plenty of dealers. if you hit retirement or were unemployed and wanted to drip feed coins or small amounts for a regular weekly/monthly income you could sell on ebay or through private listings. silver 1 oz coins are going for about £20 at mo on ebay even though spot is only £14.5

snowqueen555

Gold is too expensive for a low earner like me, I think there may be a small bit of money to be made because currencies will continue to be devalued as more of it is printed. The USA is expected to announce another round of quantitative easing estimated to 500billion-1.2 trillion dollars.

The UK could also do the same, the chancellor is recommending it, thogh he has not the authority to make it happen. Earlier in the year they pumped in £200 billion.

Bullfighter

snowqueen555 wrote: »

Gold is too expensive for a low earner like me, I think there may be a small bit of money to be made because currencies will continue to be devalued as more of it is printed. The USA is expected to announce another round of quantitative easing estimated to 500billion-1.2 trillion dollars.

The UK could also do the same, the chancellor is recommending it, thogh he has not the authority to make it happen. Earlier in the year they pumped in £200 billion.

Another point to remember is that Gold and Silver prices are not increasing (at the moment) on fundamentals such as scarcity or industrial demand, they are increasing exactly because there is a global race to the bottom of the major world fiat currencies. Therefore it takes more £s, $s, €s etc to buy an ounce of gold.