Gold/Silver investment advice please.thanks.

skemp123

how much fd

Linton

skemp123 wrote: »

Hi, sorry but i am new to these forums and don't really know too much about investing in gold/silver etc so i would therefore really appreciate any help that any of you could give me please.

And could somebody please let me know if there are any guaranteed investment returns such as interest rate increases or being able to make more money than what you initially invested as i have been looking at investing about £3000 in either gold or silver so could somebody please let me know if there is any guaranteed return that i could get from investing this amount and how much i could expect to make please. And also, if not in gold/silver then could somebody also please let me know if there are any other secrue investments which are guaranteed to obtain a positive interest rate other than banks and building societies accounts etc please.

Apologies for the long post and thanks very much for your help.

Steve

Err - Gold & Silver isnt guaranteed to obtain a positive interest rate. There is no interest paid whatsover - you are dependent on the price rising more than the costs of dealing.

In fact gold & silver prices historically have been highly volatile. Some people enthusiastically believe that under current economic circumstances gold & silver prices will increase, others such as myself think there are better ways to make money.

All good ways to make money will involve some risk, but if you spread over a wide range of investments IMHO the risk is very low of anything really catastrophic.

For example my investments/savings perhaps dropped 20% from their maximum during 2008 but are now about back to what they were.

getzegold

Linton wrote: »

Err - Gold & Silver isnt guaranteed to obtain a positive interest rate. There is no interest paid whatsover - you are dependent on the price rising more than the costs of dealing.

In fact gold & silver prices historically have been highly volatile. Some people enthusiastically believe that under current economic circumstances gold & silver prices will increase, others such as myself think there are better ways to make money.

All good ways to make money will involve some risk, but if you spread over a wide range of investments IMHO the risk is very low of anything really catastrophic.

For example my investments/savings perhaps dropped 20% from their maximum during 2008 but are now about back to what they were.

The only prob with that is that 3K isn't alot of money and to invest widely say by buying shares of various companies or funds its gonna cost you about £12 a trade at any decent broker.

As for better ways to make money, gold has been the best returning asset for the last 10 years returning an average of 17% per year to investors, beating stocks bonds or anything else. Goldman sachs, credit suisse, and the vast majority of analysts are predicting further rises ahead. Gold is the next 'go to' asset. Its a very safe place to put your money tho it doesn't pay a dividend or interest return

getzegold

There are a number of ways you can invest in gold and silver, including:

1 Buy gold or silver coins for resale later.
2 Buy gold in an allocated/unallocated Gold fund account
3 Buy shares in mining companies(highly volatile) or a mining ETF like HUI or GDXJ
4 buy shares in a gold/silver etf (like GLD or SLV)
5 buy futures on the Comex

pays your money takes your chance.

Linton

getzegold wrote: »

The only prob with that is that 3K isn't alot of money and to invest widely say by buying shares of various companies or funds its gonna cost you about £12 a trade at any decent broker.

As for better ways to make money, gold has been the best returning asset for the last 10 years returning an average of 17% per year to investors, beating stocks bonds or anything else. Goldman sachs, credit suisse, and the vast majority of analysts are predicting further rises ahead. Gold is the next 'go to' asset. Its a very safe place to put your money tho it doesn't pay a dividend or interest return

Gold may be (or perhaps was a few years ago) the next go-to asset. Just like technology in 2000. When that crashed a lot of people didnt get out in time and lost a lot of money.

Loughton_Monkey

skemp123 wrote: »

then could somebody also please let me know if there are any other secrue investments which are guaranteed to obtain a positive interest rate other than banks and building societies accounts etc please.

Very easy to answer. It is "No".

If there was such an investment, someone on this forum would have discovered it by now.

There are thousands of investments that (with hindsight) have delivered excellent returns. Gold is one of them. So strike out any thoughts of "Guaranteed" and start all over again.

getzegold

Linton wrote: »

Gold may be (or perhaps was a few years ago) the next go-to asset. Just like technology in 2000. When that crashed a lot of people didnt get out in time and lost a lot of money.

LOL yeah right how much has gold rose this and last year? this year gold 25% and silver 37% Gold and silver arn't tech stocks with nothing backing them but hot air and sales promos. They're real tangible assets. Sure they may reach the dizzying heights of the tech bubble but to reach the equivalent gains of the nasdaq bubble gold would have to reach $3100, thats alot of wriggle room for profits and plenty of prior warning to cut and run before it pops.

snowqueen555

Is that 3k all your savings money or are you able to gamble with it? Because no investment is 100% safe.

Gold is forecast to do well for the next year at least, a predicted raise of $100-150 per oz was forecast by Goldman Sachs. That isn't enough for me to invest in it when it is $1350+ at the moment.

A lot of bulls like Peter Schiff said it would hit $2000 last year.

Jonbvn

skemp123 wrote: »

Hi all and thanks very much for your quick and helpful replies. and yes as i only have 3k to invest in gold/silver, would you therefore still say that it would be a safe investment and that i won't lose any money within the next year or so and that it should rise in price.

You don't seem to understand. There are absolutely NO guarantees that you won't lose money and/or that it will rise in price.

IMHO, if the 3k is all you have, then putting it into gold would be madness. You should consider a cash ISA.

bendix

skemp123 wrote: »

Hi all and thanks very much for your quick and helpful replies. and yes as i only have 3k to invest in gold/silver, would you therefore still say that it would be a safe investment and that i won't lose any money within the next year or so and that it should rise in price. And also, could anybody please also recommend any other options on where to invest my money please other than in a bank account or building society which have good security and profitability at the moment please.

Thanks very much.
Steve

I don't think you've been paying attention properly, have you?

NOONE can say it won't lose any money. Some people here believe it will continue to rise, and you'll make money. Other people think it will fall, and you will lose money.

You choose.

There is no such thing as a safe investment.

To be perfectly frank, your understanding of even the most basic of these investment truisms makes me fear for your money.

bendix

Jonbvn wrote: »

You don't seem to understand. There are absolutely NO guarantees that you won't lose money and/or that it will rise in price.

IMHO, if the 3k is all you have, then putting it into gold would be madness. You should consider a cash ISA.

I suspect he only wants to hear that it will soar in value and he'll double his money in three months.

Why don't you tell him that instead, poor love?