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Gold will soar tomorrow - buy, buy, buy!

24

Comments

  • jdw2000
    jdw2000 Posts: 418 Forumite
    Ninth Anniversary 100 Posts
    atush wrote: »
    If you dont even know how to buy stocks and shares (pretty easy by phone or online) then you probably dont understand economics. So probably dont know what a hard brexit is and how that would affect the UK economy.

    Yet you are still very glad about Brexit? Interesting.

    Sure, some who understand do favor brexit, but many more who do, dont.

    Brexit is not all about money. Had we voted to remain Juncker and his fellow leaches in Brussels would have trodden all over us forever. We would have been their prison bride.

    I would rather be poorer and have my dignity than suffer that fate.
  • DiggerUK
    DiggerUK Posts: 4,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    On a more serious note. The price of gold has dropped 12/15% in USD/GBP prices since beginning of July.
    With the stated economic position of the president elect, showing that a massive expansion of the monetary base for the USD is on the cards, then I strongly suspect that further price drops for gold are a better bet than rises. If the Trump administration does what it has proposed, then I suspect there is a boom to beat all booms on the way.
    Nothing like a booming bourse to work against gold.

    I would suggest that anybody wanting exposure to gold take it steady. Either wait a while, or average in..._
  • Pincher
    Pincher Posts: 6,552 Forumite
    1,000 Posts Combo Breaker
    The Titanic was supposed to be unsinkable.

    The gash went through one compartment, Greece haha, we have plenty more. Now the gash is ripping through Italy.

    Taking on water, bailing out. It all fits.

    Life boat Britannic, last call before we launch.

    Beautiful women first, then pesky children.
  • jdw2000
    jdw2000 Posts: 418 Forumite
    Ninth Anniversary 100 Posts
    Pincher wrote: »
    The Titanic was supposed to be unsinkable.

    The gash went through one compartment, Greece haha, we have plenty more. Now the gash is ripping through Italy.

    Taking on water, bailing out. It all fits.

    Life boat Britannic, last call before we launch.

    Beautiful women first, then pesky children.

    Women first? Not in this day and age. They have fought long and hard for equality, and equality they shall have.
  • Acquinas
    Acquinas Posts: 123 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    There is a basic truth to what bigfreddiel is saying though : in a time of accelerating uncertainty a degree of diversification is not a bad idea.
  • Linton
    Linton Posts: 18,549 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    Acquinas wrote: »
    There is a basic truth to what bigfreddiel is saying though : in a time of accelerating uncertainty a degree of diversification is not a bad idea.

    At all times a degree of diversification is not a bad idea.
  • JohnRo
    JohnRo Posts: 2,887 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Linton wrote: »
    At all times a degree of diversification is not a bad idea.

    Allocated and rebalanced.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    Linton wrote: »
    At all times a degree of diversification is not a bad idea.
    Diversification is always a good idea with your investments.

    Gold, however, isn't an investment. A short-term punt, if you like, but not part of a diversified investment plan.
  • Gadfium
    Gadfium Posts: 763 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Acquinas wrote: »
    There is a basic truth to what bigfreddiel is saying though

    Even a broken clock is right twice a day....
  • Flobberchops
    Flobberchops Posts: 1,279 Forumite
    1,000 Posts Fifth Anniversary Combo Breaker
    jdw2000 wrote: »
    Has Freddie got any Grand National tips?

    Yeah, Norfolk Enchants the three-legged octogenarian nag in the 3:15.
    : )
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