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Gold at record high

Previous high smashed; gold @ USD $1940 
Silver catching up but still has more potential gains to come to reach it's previous highs.
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Comments

  • Marco_L
    Marco_L Posts: 13 Forumite
    Fourth Anniversary First Post
    Yeah mate do you have any in your portfolio?
  • Username999
    Username999 Posts: 536 Forumite
    500 Posts First Anniversary Name Dropper
    As is POLY.L
    One person caring about another represents life's greatest value.
  • Filo25
    Filo25 Posts: 2,140 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 27 July 2020 at 1:59PM
    I put a bit into the miners recently as well so not complaining, just feels like a lot of money is looking for a home at present and both bonds and equities have valuation concerns.

    That said, dollar weakness is offsetting some of those gains.
  • EdGasketTheSecond
    EdGasketTheSecond Posts: 2,558 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 27 July 2020 at 2:02PM
    Marco_L said:
    Yeah mate do you have any in your portfolio?
    yes, gold, silver, and related miners plus general commodities. To be more specific:
    PHSP, SGLN, GBSS, AAZ, GDGB, GJGB, GLEN, SRB, TSG, COMM.
    I did have FRES, HOC, POLY, and HGM but took some profit and switched to GDGB.

  • 6022tivo
    6022tivo Posts: 818 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    edited 27 July 2020 at 2:10PM
    Quick hijack of a thread. 
    How would I try and go about selling the below. 
    Not sure I trust ebay and have a seller in the market wanting it, but he is not offering anywhere near the scrap price. 
    Has a little damage sadly around the edge, so even at 1kilo silver scrap value would be acceptable I think, that is how I bought it a while back. 

    I have a 1 Kilo Silver Alderney Golden Jubilee £50 coin like the one I have found below on ebay. 
    https://www.ebay.co.uk/itm/2002-Alderney-Golden-Jubilee-50-Fifty-Pound-Silver-Proof-Kilo-Coin-PCGS-PR68-DC-/392407259673
  • DiggerUK
    DiggerUK Posts: 4,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 27 July 2020 at 2:44PM
    You bought the kilo of silver. You know when and how much you paid for it.
    A free word to the wise from me,......if you're up on the deal dump it now. You'll get 45/49 p a gramme. Its scrap..._
  • About £600 / kilo for silver at spot current prices
  • John464
    John464 Posts: 359 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    DiggerUK said:
    A free word to the wise from me,......if you're up on the deal dump it now.
    Why only sell if he is up on the deal?
  • 6022tivo
    6022tivo Posts: 818 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    DiggerUK said:
    You bought the kilo of silver. You know when and how much you paid for it.
    A free word to the wise from me,......if you're up on the deal dump it now. You'll get 45/49 p a gramme. Its scrap..._
    I bought it about 14 ago for £500 (have the receipt) 
    Not sure why I did to be honest apart from I liked it at the time. 
  • If you don't need the money right now then keep it as an investment. Silver could easily beat it's all time high in the next year which would mean it more than doubling from current values.
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