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Gold ?
bradztheman
Posts: 558 Forumite
There are probably many users on here that have bought/invested in gold.
I know nothing about the matter, all i know is that if i invest in buying gold bars i will have a much better chance in not being able to spend readily available cash and savings.
Are there sites to compare the cheapest gold bullion and coins? For buying and selling?
Need some advice on the matter, im not talking tens of thousands of pounds either, maybe a few oz bars.
I know nothing about the matter, all i know is that if i invest in buying gold bars i will have a much better chance in not being able to spend readily available cash and savings.
Are there sites to compare the cheapest gold bullion and coins? For buying and selling?
Need some advice on the matter, im not talking tens of thousands of pounds either, maybe a few oz bars.
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Comments
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Gold
Always believe in your soul
You've got the power to know
You're indestructible
Always believe in, because you are
Gold
Glad that you're bound to return
There's something I could have learned
You're indestructible, always believing0 -
Why not just buy a gold ETF (exchange traded fund)? Cheap and efficient and no insurance worries. iShares SGLN for example; buy it through an online stockbroker e.g. x-o; will cost you £5.95 dealing fee a small buy-sell spread; much less than actual physical gold. I believe the fund is backed by physical gold so its erm .....good as gold!0
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Serious answers please ��0
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And what about the physical stuff0
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Can someone answer me this.
Ten years ago I bought my OH a 9ct gold bracelet for £450
It weighs 23 grams and worth a lot less in scrap that £450
Investment...????make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
bradztheman wrote: »Serious answers please ��
If you want an investment that you can't easily sell or spend then why not invest in stocks and shares? Far more chance of making a profit over the long term.Remember the saying: if it looks too good to be true it almost certainly is.0 -
Can someone answer me this.
Ten years ago I bought my OH a 9ct gold bracelet for £450
It weighs 23 grams and worth a lot less in scrap that £450
Investment...????
The value of the gold in an item of jewellery will likely be significantly less that the asking price of the item so as an investment you are well down from day 1.
In your example the gold in the bracelet would of had a bullion value at the time of purchase of maybe about £100, today its worth about £200 so overall the gold in the item has done quite nicely.0 -
The secret with gold is buy low,sell high whether physical or ETF. Just owning it isnt enough unless you like getting it out,polishing and admiring it from time to time..Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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Can someone answer me this.
Ten years ago I bought my OH a 9ct gold bracelet for £450
It weighs 23 grams and worth a lot less in scrap that £450
Investment...????
But you bought jewellery and not investment type gold and there is normally a huge markup on jewellery, something that you would only get back with rare or highly desirable pieces.
9ct gold is 37.5% pure so 23 grams works out that the bracelet contains 9 grams of 24ct gold (or slightly less than 1/3 of a Troy ounce) which 10 years ago had a value of about £87 as gold was selling for £300 an ounce in Jan 2006 so of the bracelet selling price of £450, the gold only accounted for 20% of this.
Your £450 would have purchased 1.5oz of bullion which today is valued at £1130 and if you had been lucky enough to sell it at its peak in 2011, you would have got about £1750 for those 1.5 ounces.0 -
Somebody once told me - price of gold indicates the confidence of people in economy. When the price goes up - the health of economy is going down. If you take the currency appreciation and money printing out - gold holds its value and appreciates compared to other assets except a few others - london property ;-)
Disclosure: I have held gold for close to 10 years and have not regretted“Don't raise your voice, improve your argument." - Desmond Tutu
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