I am a cash buyer. Buy now or buy later??

AnotherJoe

Interesting.

So you bought early 200's? 2004 or so?
Just to put it in context, Amazon and Apple are up about 50x since then, so gold at 4x-5x is nothing remarkable.
Unfortunately for me i never bought Amazon, and bought Apple in about 2010 so my Apple is only up about 5x. Had i bought in 2004 my butler would be typing this.

Of course, gold may go up from where it is, but its driven by fear, if Trump doesn't nuke Iran, it will probably fall back, theres nothing fundamental in it that drives its value, whereas companies growth does drive value. (and the reverse of course)

System

AnotherJoe wrote: »

Interesting.

So you bought early 200's? 2004 or so?
Just to put it in context, Amazon and Apple are up about 50x since then, so gold at 4x-5x is nothing remarkable.
Unfortunately for me i never bought Amazon, and bought Apple in about 2010 so my Apple is only up about 5x. Had i bought in 2004 my butler would be typing this.

Of course, gold may go up from where it is, but its driven by fear, if Trump doesn't nuke Iran, it will probably fall back, theres nothing fundamental in it that drives its value, whereas companies growth does drive value. (and the reverse of course)

I can't remember exactly when I first bought the gold, but it was quite early on in the 2000s bull market, and I sold some at the previous top. I think it could now have quite a way higher to go still. I don't know where this top will be, but many analysts believe it is only at the beginning of its new bull market, and some are forecasting a top at around £12,000 per oz in a few years time. If so, it could still be cheap at today's prices, but who knows.

sst1234

Awesome, this just keeps getting better and better. OP I’m not sure you understand anything about finance, one thing’s for sure you have a knack for light entertainment.

The savviest investor in the world who is still renting. Warren Buffet should read this to understand where he went wrong.

sst1234

BTW do you still need advice, seems like you have made your mind up.

https://forums.moneysavingexpert.com/discussion/6049715/buying-house-before-or-after-brexit-best-time

Shame that this thread will cease.

System

I am extremely happy that I invested in gold, thank you. My gain from £250-ish to £1200 per oz is something to celebrate. My only regret is that I did not buy more! It has done better than my last flat in SW6.

RelievedSheff

Diocletian_II wrote: »

I am extremely happy that I invested in gold, thank you. My gain from £250-ish to £1200 per oz is something to celebrate. My only regret is that I did not buy more! It has done better than my last flat in SW6.

Has the increase in the price of your gold covered the amount of rent you have paid in the last 19 years?

System

I've only rented for a couple of years since I sold up. Before that, I owned consistently.

RelievedSheff

Diocletian_II wrote: »

I've got over £150k in gold, most which I've held for many years.

Chances are you will have paid more than £150k in rent over the last 19 years though. So your money would have still been better off paying off your own mortgage rather then that of someone else.

I'm glad you are not my financial advisor :rotfl::rotfl::rotfl:

System

I've only rented for a couple of years. Prior to that, I owned in SW6 for many years. Fulham property has been losing money quite rapidly since I sold.

Yalpsmol

Im confused now. You said you were a FTB and wanted to hear from other FTBs. But you aren't a FTB.