Investing in gold?

bugbyte_2

lvader wrote: »

I don't mind physical gold, I hold some myself but I wouldn't buy very small amounts because the premiums are too high. Save enough cash until you can buy a more significant amount, I'd also go for coins instead of bullion.

Atkinsons the jewelers has 1/2 sovereigns @ about 3.5% above spot - quite good for a small gold coin. Clicky

Never used atkinsons - the last time I brought gold was from Hatton Garden Metals who are good but don't seem to have anything on sale at the moment.

OP - if you want to invest in shares probably easiest and cheapest way is to open a Cavendish Online account and do a £50pm drip feed into a passive fund such as HSBC All Share or World Index - you don't need to know anything about shares to do that they just follow the market.

blizeH

What's everyone's thoughts on something like bullionvault.com ?

gkerr4

lvader wrote: »

I don't mind physical gold, I hold some myself but I wouldn't buy very small amounts because the premiums are too high. Save enough cash until you can buy a more significant amount, I'd also go for coins instead of bullion.

this is right - on the smaller coins, the %above spot is usually higher so they aren't as good value.

Personally, i dont think your rationale for gold vs stocks is great - i'm more nervous about gold at the moment and a pick-up of the economy might see gold shrinking back more.

anyway - if you are determined to hold physical gold, i'd suggest coins are the best way - £20 a week would get you a 1/4 sovereign or a half sovereign at a stretch - see prices here:
http://www.bullionbypost.co.uk/gold-coins/

sarvodyaseo

investment in gold is the best for the investor but if you get home benefit in the short of time then investment in real estate sector because nowadays gold price is the down that is i want to advice you to investment in property.

Gadfium

sarvodyaseo wrote: »

investment in gold is the best for the investor but if you get home benefit in the short of time then investment in real estate sector because nowadays gold price is the down that is i want to advice you to investment in property.

^^All the right words are there, just not in the right order...


No offence, but if your investment advice is anywhere near as accurate as your spelling and punctuation then I'll probably steer clear...

robtgossard

Wise man out there, it’s a good thing that you want to invest in gold as a hobby which in turn will prove to be your long-term investment. I would certainly invest a part of my investment funds in gold. If I were you, I would have collected a reasonable amount and purchased gold bullion which will act as a hedge against inflation. Good luck to you.

jabba42

I know how to get a good return on gold but in involves going to the Congo, dealing with dodgy people and perhaps being hacked to death with a machete.

sabretoothtigger

^^ You be investing in the mining operations not the gold so much, often the land is licensed.

you haven't actually got anywhere have you?

You are never supposed to go anywhere. A block of gold is now the same it was 40 years ago - what changed was dollars, it doesnt rust it doesnt do anything really but it does remain the same and thats why we value it
To say invest in metal is incorrect immediately. Invest in something which does nothing and we gain how ?

Invest in a business, in people in machinery in land and all can be used daily to perform tasks.
Maybe those tasks are useful or not and profitable. To hold gold and know its inert, there is no profit

So why bother, you value gold if you rely on dollars perhaps and so on. Its very heavy, solid and reliable so its an excellent counterweight, theres little point carrying round cannonballs without owning a cannon

People who own 100% gold or anything more then they 'need' are speculators. Its not investing and if you gain its due to changes in dollars not gold

Catherine_Johnson_2

sarvodyaseo wrote: »

investment in gold is the best for the investor but if you get home benefit in the short of time then investment in real estate sector because nowadays gold price is the down that is i want to advice you to investment in property.

So, true. I was only saying this the other day. To my psychiatrist.

quotememiserable

Jdevaney89 wrote: »

Umicore and for 1gram its £39 but for a different type of gold on ebay i can get 5gram for £5? I dont understand this at all?

I just took a look at this. On ebay there are plenty of sellers and the prices are all a bit above spot rate, the best I see there is 10g @ £330 which is pretty sensible. There are also peole selling gold PLATED replicas at £5 per g, but no-one is selling replicas and claiming them to be real. Info is there if you keep your eyes peeled.