GOLD investing

creativemoney

Hi. Anyone done any research or have any experience in investing in GOLD?
Keep hearing the benefits of it as a long term investment. ISA limits sorted and don't have the interest in playing the stockmarket, so GOLD looks interesting.
I've only just begun to do some research and so far been looking into this company based in Ireland:
http://www.gold.ie/index.php
Cheers

Browntoa

gold prices are mainly static over the last year or so

http://www.gold.org/value/stats/statistics/dailyshort2000.html

creativemoney

thanks for the link!
yeah, been reading that. but there's the speculative element that declining mine sources will lead to boom in prices of existing gold in the market. i know it's all speculation, but kinda figure buying some gold bullion coins, storing them away, will leave me free of regular stock market buying and selling and hey, the returns will likely be better than a 4-5yr investment in a share ISA.....but i'm speculating of course.

[Deleted User]

you can get historical charts from kitco.com

gold can be volatile. If the price is static then you would loose value over time re inflation

Dithering_Dad

I speculated in gold once and it has cost me a fortune ever since!

I invested in two gold rings, one for me and one for Mrs. Dither. I've been broke ever since

cheerfulcat

creativemoney wrote: »

there's the speculative element that declining mine sources will lead to boom in prices of existing gold in the market. i know it's all speculation, but kinda figure buying some gold bullion coins, storing them away, will leave me free of regular stock market buying and selling and hey, the returns will likely be better than a 4-5yr investment in a share ISA.....but i'm speculating of course.

Yes - in the sense of " gambling "...

Buying bullion will cost you a premium, a very high one in some cases. You'll also need to store and insure the coins. If you want to speculate on the price of gold you'd be better off using an exchange traded fund though there are problems with those as well.

FWIW and IMHO, gold is OK for a small part ( 5% or less ) of a wider portfolio of investments but it is absolutely not a substitute for equity investment. A small collection of gold coins chosen by someone who knows what they're doing could well do better than a stock market investment but that would depend more on the desirability of the actual coins than their gold content. A random selection of sovereigns ( the cheapest coins IIRC ) is unlikely to do as well.

consumer

creativemoney wrote: »

Hi. Anyone done any research or have any experience in investing in GOLD?
Keep hearing the benefits of it as a long term investment. ISA limits sorted and don't have the interest in playing the stockmarket, so GOLD looks interesting.
I've only just begun to do some research and so far been looking into this company based in Ireland:
http://www.gold.ie/index.php
Cheers

Hi,

Have a look at few of this sites:
https://www.bullionvault.com
https://www.atsbullion.com

DARYALS

Ebay provides cheap sovereigns but you have to make sure that they are not fake, this would save a buyers premium.

!!! Also remember that gold can be sold as scrap metal TAX free at a decent jewellers.

creativemoney

Hey there, thanks to all for your replies. There certainly aren't any guarantees....more research to be done!
cheeers

cheerfulcat

creativemoney, you might be interested in the Gold and Other Precious Metals board on TMF ( LINK ) - lots of info there.

creativemoney

Excellent link cheerfulcat!
And the hunt for gold continues.....