Out of interest - do you hold Gold?

Joe_Bloggs

With Gold you will lose X% on exchange to buy it. You will lose Y% to sell it. There may be costs to hold it.
There are a very limited number of Gold traders. They get the X% + Y%.
J_B.

scd3scd4

Talking of Gold. there is lovely like scam where you can but grains..........yep grains but not grams as an investment. Now do the math and have a little laugh.

A_T

I have a small percentage in SGLN. Gold, like all investments, is only worth what someone is willing to pay for it at any given time.

Malthusian

bowlhead99 wrote: »

Hey, if Linkedin is to be believed, he has a 2:2 in economics & maths so we could be looking at the next [insert celebrity economist] here

Carol Vorderman got a third and it didn't do her career any harm. Ben Dyson of positivemoney.org flunked out as a second year ungraduate and still made a career out of not understanding fractional reserve banking. Whereas I have a 2:1 and spend all day on here.

If anything he is overqualified to be a celebrity economist.

atush

I hold gold, both thru my brokerage acct, and physical (some sovereigns given as gifts plus my jewelry).

But apart from gifts, I havent bought gold since ti went north of $700

Zanderman

bowlhead99 wrote: »

Hey, if Linkedin is to be believed, he has a 2:2 in economics & maths so we could be looking at the next [insert celebrity economist] here

Nowt wrong with a Desmond (I have one too). But I don't why anyone would want to mention it on LinkedIn. I'd only mention a score on there if it was a 1st!

And the OP may be on his way to being an celebrity economist (or aspring to be). He has a book to promote (mentioned in his sig) newly published via the DIY publisher CreateSpace (nowt wrong with that either, I have one of those too!) .

I'm not sure it's quite proper to promote that book on the forum though, even though done in a very low key way!
[Edited to add: I see the book promo has now been removed!]

longleggedhair

I own two gold sovereigns, I imagine they account for less than 1% of my portfolio. No particular reason other than a small insurance against economic collapse.

markj113

Joe_Bloggs wrote: »

With Gold you will lose X% on exchange to buy it. You will lose Y% to sell it. There may be costs to hold it.
There are a very limited number of Gold traders. They get the X% + Y%.
J_B.

Very easy to buy/sell gold and there are plenty of well known and trusted dealers you can use.

Spread can be as little as 3.5%

You can buy at 1.5% over spot and sell at 2% under spot. (to a dealer) although you can easily sell at spot or just over privately.

Bazofts_Revenge

Only in terms of gold rings. Had an insurance payout which came in the form of vouchers for a highstreet jewellers only had a set time period to spend them so bought 3 solid gold wedding rings. bought basically as much weight in gold as I could get. Ironically looking on their website the smallest size has gained in 'retail' price (36%) where as the biggest by weight has barely moved at all (7.5%) over 5 years.

captainreckless

No gold. Did have some Blackrock Gold & General that I bought in the run up to the brexit vote. Sold out shortly after.