Out of interest - do you hold Gold?

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levdon01
levdon01 Posts: 8 Forumite
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edited 12 September 2017 at 9:08PM in Savings & investments
Hi all,

I wondered, as an economist, how many people on here hold physical gold as an investment (I'm not talking about your wedding ring - I am thinking more of ingots/coins). I would be very interested to see the proportion of people that hold Gold vs those who do not.

If you do have Gold investments would you mind stating roughly what percentage of your portfolio it represents? Obviously I am interested in everyone's answer here even if it is a 'no'.

Just for your interest my current Gold holdings are a little high at around 30% of my portfolio. I am looking to sell some Gold to re-balance the portfolio which I shall do in the next few months.

Thank you
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  • cjv
    cjv Posts: 513 Forumite
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    Probably not very useful as I have only been investing for a few months, but I do not currently hold any Gold and have no plans to.

    I would always be open to considering it though.
  • Linton
    Linton Posts: 17,204 Forumite
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    I don't hold gold and have no intention of ever doing so as I consider it a very poor [STRIKE]investment[/STRIKE] gamble.
  • fwor
    fwor Posts: 6,811 Forumite
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    In 15 years of DIY investing I've never held gold as an investment, and have no plans to do so in future.
  • steampowered
    steampowered Posts: 6,176 Forumite
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    No.

    I don't like investing in unproductive assets.

    If I wanted a pure price gamble with little in the way of investment fundamentals behind it, I would go to the casino.
  • msallen
    msallen Posts: 1,494 Forumite
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    No, and no plans to.
  • Morphoton
    Morphoton Posts: 90 Forumite
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    I do not hold coins/ingots but do hold 2.5% of my assets in the "physical gold" exchange traded fund (ETF) from iShares, London Stock Exchange ticker, SGLN.
    I hold the ETF in a SIPP & ISA and periodically rebalance to keep the weighting at 2.5%.
  • jimjames
    jimjames Posts: 17,636 Forumite
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    As per previous replies, no but have held gold miner funds in the past.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Flobberchops
    Flobberchops Posts: 1,279 Forumite
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    30% - a "little high"!?

    I have no gold at present but eventually hope to make it about 2% of my overall portfolio, mostly just for fun, diversification, and the slim chance of it ballooning in value.
    : )
  • Superscrooge
    Superscrooge Posts: 1,171 Forumite
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    Interesting article about whether gold is a sensible investment

    http://www.sensibleinvesting.tv/all-that-glistens-acuity-39
  • scd3scd4
    scd3scd4 Posts: 1,180 Forumite
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    I have a few grains maybe 10 but just for the novelty. I just like the idea.
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