Any MSE-ers ramping gold at the moment?

paddyrg

If not, it might actually be a good time to get some in hand! It looks like a minefield - I'm old-fashioned and would like to 'hide it under the bed' in real, tangible form simply as a derivative product doesn't make any sense if it's meant to hedge against market uncertainties/risks!

Can anyone peel the scales from my eyes/warn me what problems I might be walking into?

Linton

Gold is highly volatile and not a safe repository for wealth in the short term. And short term in the world of gold may be considered long term elsewhere - I read somewhere that gold has yet to regain the real-value maximum it reached in the 1490s!

warehouse

If the economy looks bad then gold will rise, when it's looking quite good as it is now then it's only going one way.

HawkE

Is gold not thought of as a safe haven? So, in bad economic or even bad political times the thinking is that it will rise as people look to invest in it.


Also as mentioned above, if it goes up when the economy generally goes down, maybe it is good for diversity within an overall portfolio?

paddyrg

Wow C15th prices, now that's *long* term thinking. Then again, that could have been a localised spike, like the price of tulip bulbs will probably never return to C17th prices either ;-)

I'm planning on a mid-ish term position, years-to-decades as opposed to weeks or months - unless there's a decent financial panic in the meantime making a cash-in look more attractive.

I have a feeling there's one coming, no good reason beyond being a bit of a contrarian, and a feeling we didn't actually resolve the recent problems, just put a sticky-plaster over them and got away with it. I think you're right - it's an overall portfolio thing as opposed to a quick-buck punt though

Mistermeaner

I work with gold

My advice is dont touch it as an investment vehicle

PsychoBob

My advice is dont touch it as an investment vehicle

Would you care to explain your reasoning?

theshortstack

On this topic, can anyone tell me if there is any reason to be purchasing from one mint or another? I guess I'm just wondering if there's any difference between the likes of Umicore, Metalor and Baird & Co.

atush

I have gold both physical and not. Although I have sold more that I held as I bought when unpopular and sold when popular. \


But I would not buy at todays prices (still too many keen for my liking) and the OP is the last person I would advise to invest in it now?

I buy gold when most/all are not.

anoncol

atush wrote: »

I have gold both physical and not. Although I have sold more that I held as I bought when unpopular and sold when popular. \


But I would not buy at todays prices (still too many keen for my liking) and the OP is the last person I would advise to invest in it now?

I buy gold when most/all are not.

So trust someone that sold low and bought high?

joe_mcclaine

anoncol wrote: »

So trust someone that sold low and bought high?

Sounds like he did the opposite, unless I've miss-read it.