Gold ?

bradztheman

cloud_dog wrote: »

No, the gamble is why gold?

From starting off with 'I know nothing' to looking at the price activity over 20 years (in the wrong currency; USD mean nothing to you.... you need to see it in GBP).

I still don't understand.... Why gold?

Are you going from money in the bank to gold without anything else? What other savings / investments do you have?

You can change it into Gbp If you look properly. I told you why gold in the posts above!

cloud_dog

bradztheman wrote: »

You can change it into Gbp If you look properly. I told you why gold in the posts above!

So, if it's just something to admire, why are you asking peoples opinion?

If it is to stop you spending money then:

1. You need to become financially responsible
2. Move it as cash out of reach (as posted previously)

shaun_from_Africa

SailorSam wrote: »

Don't forget if you buy coins you have to pay VAT, whereas gold bars you don't ...............
(Or is it the other way around) ?

Neither.
Provided that what you purchase is classed as "investment gold" (and this covers bullion bars and just about all gold coins minted after 1800 that are or have been classed as legal tender in their country of issue) then they are VAT free.
About the only gold coins that don't qualify for this are extremely rare ones that are sold for more that 180% of the value of the gold they contain.

Silver bullion (both coins and bars) does attract VAT.

DiggerUK

Moneyweek has some good information on gold buying. Just click through with the links on this page of places to buy.
Gold is gold, so go with cheapest..._

http://moneyweek.com/buy-gold-where-and-how-to-gold-bullion-coins-bars-14600/

atush

bradztheman wrote: »

And what about the physical stuff

Physical can be lost or more important- STOLEN. And may or may not be covered by your insurance.

I own gold, which I bought UNDER $700 per ounce. i sold half when high, and will buy more when it drops under $800 again. until then, I wont touch it.