10k to invest, but where?

mrred66

hi all,

i have 10k in cash in a 'safe place' and would like to invest in something/anything.
i dont mind buying gold, diamonds, platinum, shares, antiques etc.
is there anything out there better than an ISA?

i am also mortgage free and have 'some' premium bonds to fall back on and i wont need to spend on a car for the next 5 years.

if you were me what WOULD you invest in?

M.

downs523

I would invest £8000 in precious metals maybe £6000 in silver and the last £2000 in gold, one of the cheapest places to buy is https://www.bullionuk.com. The rest of your £10000 I would save in a saving account or ISA just incase you need it quickly

Linton

By an ISA I assume you mean a cash ISA.

If ypou are looking at the 5+ year time frame you can do probably do much better with an S&S ISA, which is what I would use to invest in a range of funds (unit trusts/OIECS).

adindas

Dear downs523 and all

Price of precious metals has increased immensely since the last 2 years ... I am also temping to buy precious metals.

Suppose I wanted to buy precious metal. Where did you guys suggest the best way to keep it. I do not want to keep it at home as it is dangerous and vulnerable.

Also I try not to pay a large sum of money to keep it in a safe deposit in the banks or other sort of premises ..

Is there any solution ...???

ADINDAS

downs523 wrote: »

I would invest £8000 in precious metals maybe £6000 in silver and the last £2000 in gold, one of the cheapest places to buy is www.bullionuk.com. The rest of your £10000 I would save in a saving account or ISA just incase you need it quickly

sabretoothtigger

I'd buy potash fertiliser rather then precious metals. Its alot more practical

. I do not want to keep it at home as it is dangerous and vulnerable.

Safest place is in the ground, mining companies keep most of it there and sell the rest for cash. Meanwhile you'd not to have worry about doing either

The only reason to buy physical yourself is if you believe mining companies are under investing and selling too cheaply.
All the ones I buy still have the majority of their resource to sell, what they sell now is used to fund even greater production. Its all forward looking which is similar to holding it yourself hoping the price will go up

Jameshill1

hey why dont you invest in gold ?;)

dangalf

If looking at 5+ years I myself would get a shares ISA, probably focussing on emerging markets/china stock market as despite current problems I can only see these growing over that time frame.

petebryant_uk

One of the golden rules of investing- past investment performance is no indication of future performance. Just because gold had been rising the past 2 years doesn't mean it will continue to do so. If anything, the likelyhood of a collapsing bubble increases.

Investing in commodities is a risky investment.

There is nothing wrong with risky investments, even for the layman investor- however only ever as part of a portfolio of investments exposed to a range of different and mainly unrelated risks.

And if you don't understand the last point, you should be doing a lot of your own reasearch before even considering any like this.