We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Gold
bloomsberg78
Posts: 63 Forumite
Any thoughts on Gold as an investment at the moment? Am reading that the price still has a fair way to go.
Also, can anyone recommend a link/company where gold can be traded?
Also, can anyone recommend a link/company where gold can be traded?
0
Comments
-
Have a read of the Motley Fool's Gold & Other PMs board.0
-
The fund that all the newspapers keep mentioning is Merrill Lynch Gold & General.0
-
tyllwyd wrote:The fund that all the newspapers keep mentioning is Merrill Lynch Gold & General.
Yes have just seen that, and looks like smile invest are doing a special offer with an introductory charge of 0.5% instead of the normal 5%. The annual charge is higher than I usually like at 1.75% but is probably worth it. Looks like a good diversifer.0 -
smile is a frontend for fidelity funds network. They keep the trail commission for themselves.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
The Merrill Lynch fund is not a pure play on the price of gold, though. Not saying it's not a good fund and I hold it as part of a larger portfolio but it is still largely equity based. If you want to track the gold price you either need to buy the physical or use a tracker fund.0
-
bloomsberg78 wrote:Also, can anyone recommend a link/company where gold can be traded?
They seem to talk about gold a lot on moneyweek - does this article help at all?
http://www.moneyweek.com/file/11428/how-to-buy-gold.html0 -
iShares do a gold ETF with ticker IAU. Costs 0.4% p.a. plus whatever fees your broker charges.
Looks much better to me than all this 5% up-front charges and 1.75% pa.a rubbish, unless I'm missing something.0 -
You're missing something. The ETF tracks the price of gold. The Merrill Lynch fund has a mining index as its benchmark. And the charges are largely optional...0
-
https://www.bullionvault.com
Probably the best way to trade gold0 -
ramellous1 wrote:https://www.bullionvault.com
Probably the best way to trade gold
Really? The iShares cost half and are backed by BGI.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards