Invest in gold or something else ?

DiggerUK

Digger Mansions is a big fan of gold, majority of our retirement easy access is in gold. Very happy with result.

It is only a wise move if you are going for five years plus, and can leave it alone. As a long term retirement pot, it would serve you as well as any other plan.

How much you put in now is also down to how old you are. Nothing wrong with gambling savings in equity plans if your a way off retirement. Just remember to bank your winnings in gold as you go along. Take some time out to see if it is or you..._
http://www.capitalandconflict.com/investing-in-gold/a-beginners-guide-to-investing-in-gold/

bowlhead99

DiggerUK wrote: »

. As a long term retirement pot, it would serve you as well as any other plan.

Except perhaps a plan invested in assets which produce genuine income or capital growth through productive industry (rather than just sitting there, costing money to store and insure and being ascribed a value driven by pure speculation).

jimjames

DiggerUK wrote: »

Digger Mansions is a big fan of gold, majority of our retirement easy access is in gold.[/url]

I find the words easy access and gold to be quite unlikely to use together. It pays no income and you can't spend it in the shops so I'm not sure it can really be described as easy access any more than shares could be.

DiggerUK

bowlhead99 wrote: »

Except perhaps a plan invested in assets which produce genuine income or capital growth......

Capital growth, is capital growth. Why is capital growth in gold, not capital growth..._

DiggerUK

jimjames wrote: »

I find the words easy access and gold to be quite unlikely to use together. It pays no income and you can't spend it in the shops so I'm not sure it can really be described as easy access any more than shares could be.

You can't buy anything in shops with a share certificate either, just like gold you need to sell them first.
Gold is easy access, you just need to get to a bullion dealer, then the money is in your hand or bank account that day.
If you have stored physical gold, money is yours following a phone call or email. Same with e gold accounts..._

Superscrooge

Unlike investing in profitable businesses. Gold produces nothing. Creates nothing. It just sits there eating up storage fees.

Gold has been a very poor long term investment as evidenced below

http://www.joshuakennon.com/stocks-vs-bonds-vs-gold-returns-for-the-past-200-years/

bigadaj

DiggerUK wrote: »

Capital growth, is capital growth. Why is capital growth in gold, not capital growth..._

Because it's more likely to be capital shrinkage...

Carrieanne

An ounce of gold was £173 on this day in the year 2000. Today that same ounce is £964.

The drones who are too stupid to understand that the fiat money they worship has no intrinsic value whatsoever and is on its deathbed will suffer the most when the controlled demolition of the current monetary system is triggered because they have no physical gold as insurance. They prefer to remain ignorant so as to pursue relative peanuts through money lending activities.

OP - Buy some gold coins (1 oz Britannias would be my pick), hide them well, and just as importantly tell no-one you have them.

bowlhead99

DiggerUK wrote: »

Capital growth, is capital growth. Why is capital growth in gold, not capital growth..._

A company becomes more valuable over time because it grows its profits, acquires premises and assets etc out of its retained earnings and recruits people or technology to ensure it can keep making profits into the future. And the spare profits that it doesn't need to reinvest in operations (making it more valuable) it physically gives to you as its owner or lender in the form of dividends or interest.

The gold sits in a cupboard not getting bigger or shinier. It is pure passive speculation. At most, a small diversifier within the mixed asset portfolio which forms your retirement plan. Not a 'long term retirement pot' in its own right.

jimjames

DiggerUK wrote: »

You can't buy anything in shops with a share certificate either, just like gold you need to sell them first.
_

That was exactly my point. I wouldn't call my share investments instant or easy access. Yes I can get the money in 5 days should I need to but the value might not be what I want. Unless you have the gold in your hand then you never know whether you will be able to get it when you want.