Investing in Gold (info about different products)

theshortstack

Afternoon all,

I've just got a quick question for those of you who invest in physical gold bullion.

Is there a large amount of difference between products from Umicore, Metalor and Baird & Co? I'm just aware that there seem to be slight cost differences between the three products and I'm not entirely why.

Thanks very much for your help in advance.

SomeUser

Why do you want to invest in gold? (I'm genuinely interested!)

chucknorris

SomeUser wrote: »

Why do you want to invest in gold? (I'm genuinely interested!)

I must admit that I too am becoming curious about investing in gold, I suspect that when the economy is booming and about to tank, then there might be some capital gain to be made by investing in gold, if it was on a low.

PsychoBob

I've got a few coins, which I bought from Atkinsons who are very good & quite cheap.
Unlike shares or the high paying current accounts, they don't earn anything. But they are good for when the market falls as the price of Gold goes up.
Probably good as a small part of an overall portfolio.

markj113

I use the above company too.

Good prices and happy to accept small orders.

theshortstack

SomeUser wrote: »

Why do you want to invest in gold? (I'm genuinely interested!)

I'm still new to it, but largely because it's at its lowest price(ish!) for the last 18 months and it will hold its value well as a long term investment.

BillJones

theshortstack wrote: »

I'm still new to it, but largely because it's at its lowest price(ish!) for the last 18 months and it will hold its value well as a long term investment.

You don't know that. You can't know that.

If you believe that, then by all means act on this belief, but please don't think that you've seen a universal truth with which the market disagrees.

SomeUser

BillJones wrote: »

You don't know that. You can't know that.

If you believe that, then by all means act on this belief, but please don't think that you've seen a universal truth with which the market disagrees.

I asked the OP for his opinion and he was kind enough to provide it. I'm not sure it's necessary to reply in that manner.

BillJones

SomeUser wrote: »

I asked the OP for his opinion and he was kind enough to provide it. I'm not sure it's necessary to reply in that manner.

Had he said that he believes that it will hold its value, I'd not have disagreed. When a person gives an incorrect statement of fact, when someone is asking for financial advice, then I disagree with you, it's necessary to point out where they are wrong.

I find that the people who express certainty about financial speculation generally aren't those with a strong track record in it. By contrast the experts tend to be quite circumspect, many to understand that if you are right 51% of the time then you are doing well.

SomeUser

Sometimes it's not what you say, but the way you say it. You could have said, "it's likely to hold it's value well, but there's no guarantees." as an example.

The OP already stated that he's new to gold.

PenguinJim

I don't think we want the kind of world where gold suddenly becomes the strongest part of our portfolios. However, I'll be getting a few one-ouncers, with the hope that they'll roughly keep their value over 20 years, perhaps (optimistically) rising with inflation. They'll have their place in my portfolio, but more as "insurance" than "investments". If they increase in value enough to be sold during a rebalance, that'll be a nice bonus.

I've seen a few places recommend 10% of your portfolio should be gold, but I'll be keeping mine between 1-3%.

Canadian Maple Leaves for me.