investing in gold / oil through ETF/ETC

eskbanker

adindas said:
If you are already have one platfotm to hold your S&S Isa from previous year. I am aware you could tansfer your ISA to a new paltform but some poople might not want to do that. Is it possible to open another S&S account with the new platform or it has got to be General non ISA wrapper account, 

Not sure I quite understand your scenario but the rule is that you can only pay new money into one ISA of each type in any given tax year....

Alexland

eskbanker said:
The majority of mainstream platforms allow share dealing within a S&S ISA wrapper - it's just a few robo players who are restricted to their own proprietary fund options.

There are also a number of bank, insurance company, fund manager and friendly society S&S ISA products which would restrict you to their own funds.

adindas

bargainhunter888 said:

Albermarle said:

If i'm honest I didn't fully understand the risks

On the classic list of time honoured investment advice are these wise words

Never invest in anything you do not fully understand ( or at least 90% understand ) 

Which is why as an amateur  investor , I don't  get into this kind of area.

i suppose you have to learn some day?
I have just bought an ETF, i mean i've read a bit on forums, JustETF, HL siite, Monevator, Youtube vids, but i wouldnt say that i fully understand it? in simple terms I know:
If i buy at X today
X goes up 10% tomorrow
I sell X and make 10% profit, less the trading fee
and i know that the value of X depends on various factors, then i'm fine with that.

So with the whole ETC/ETF is where i thought i understand, because most rhe resources i read say they are just traded line shares which is great, but after many reponses on this forum, it's thrown out some risks which ive never heard of, whether it's specially to do with gold or specifically ETFs.
in this pure example, i wanted to buy an ETF when oil was $20 a barrel and now it's $25 a barrel - i would have profited assuming all i needed to do was click the "Deal now" button. but that opportunity has been lost.

Thanks 

From various sources I found that in this current climate, when investing in  gas and oil sector, it is a general consensus to avoid buying ETFs due to  forwardation (contango) in market.  It is better to buy direct big company shares which is too big to fail.