Save or Buy

chili1496

As above what would be a good choice to do with the bit surplus money i have? save it in a bank and get next to nothing back in the way of interest or buy some gold coins or something similar?
i am not talking 100's or 10's of thousands here i am thinking roughly 5k.
at the moment it is sat in a nationwide account.

itsanne

How easily do you need to be able to access it? What other savings do you have? Both of these have a bearing on things.

forgotmyname

At least in the bank it will always be worth £5000.

Turn that £5000 into gold and there is a risk(small one though) that it maybe worth less when you need to sell it.

On the other hand there is potential to make more than the measly interest that they give you.

grumbler

The higher the potential return the more risky the investment is. It's the financial law.

chili1496

access to the cash is not dire, i could get by