Best way to buy gold?

BananaRepublic

HansOndabush said:

BananaRepublic said:

HansOndabush said:

It's no good looking at gold in fiat currency numbers. All fiat currency has drastically lost value compared to gold since 1971 when we came off the gold standard. For thousands of years an ounce of gold has been able to buy you a good suit and it still can. The same cannot be said for a unit of fiat currency.

Gold is so volatile that I wouldn't touch it with a barge pole. There is a reason that investment funds do not hold gold.

That's rubbish. Investment funds hold what their remit and aims allows them to. A precious metals fund WILL hold gold. A bio-tech fund will not hold gold.

More generally studies have shown that a 5-10% portfolio allocation to gold improves portfolio returns.

You said "you can rely on gold to maintain purchasing power.". That is completely and totally wrong. If it were a parrot, it would be nailed to its perch.

Foreverfinance

I bought psychical gold around a year ago and I'm holding it until further notice.
Why is it that ETF gold has seen a spike in recent months but psychical gold hasn't changed too much? 

[Deleted User]

Foreverfinance said:

I bought psychical gold around a year ago and I'm holding it until further notice.

Is psychic gold even capable of being held?

d63

DiggerUK said:

AlanP_2 said:

Jan 1991 - $700    $384

April 2001 - $383   $265
Aug 2011 - $2100  $1358
Dec 2015 - $1177  $1250
Jan 2021 - $1846   $1868 

 0/5 I'm afraid, not your best day at homeschooling is it. 🤫

The monthly averages from the horses mouth are equally random, albeit reliable..._
http://www.lbma.org.uk/precious-metal-prices#/table

are the large discrepancies due to AlanP_2 numbers being inflation adjusted whilst those of DiggerUK are not?

AlanP_2

DiggerUK said:

AlanP_2 said:

Jan 1991 - $700    $384

April 2001 - $383   $265
Aug 2011 - $2100  $1358
Dec 2015 - $1177  $1250
Jan 2021 - $1846   $1868 

 0/5 I'm afraid, not your best day at homeschooling is it. 🤫

The monthly averages from the horses mouth are equally random, albeit reliable..._
http://www.lbma.org.uk/precious-metal-prices#/table

So are you saying that macrotrends has incorrect data? It may well do, I have no idea as I don't follow the gold price.

Even if you are correct your prices support what I said about gold & suits so thanks.

AlanP_2

d63 said:

DiggerUK said:

AlanP_2 said:

Jan 1991 - $700    $384

April 2001 - $383   $265
Aug 2011 - $2100  $1358
Dec 2015 - $1177  $1250
Jan 2021 - $1846   $1868 

 0/5 I'm afraid, not your best day at homeschooling is it. 🤫

The monthly averages from the horses mouth are equally random, albeit reliable..._
http://www.lbma.org.uk/precious-metal-prices#/table

are the large discrepancies due to AlanP_2 numbers being inflation adjusted whilst those of DiggerUK are not?

I think you are correct, just went back to the original chart link and turned off inflation marker, thus arriving at broadly Digger's numbers - so we are both right (or wrong) 

eskbanker

Deleted_User said:

Foreverfinance said:

I bought psychical gold around a year ago and I'm holding it until further notice.

Is psychic gold even capable of being held?

I knew you were going to say that

Ash_Pole

HansOndabush said:

BananaRepublic said:

HansOndabush said:

It's no good looking at gold in fiat currency numbers. All fiat currency has drastically lost value compared to gold since 1971 when we came off the gold standard. For thousands of years an ounce of gold has been able to buy you a good suit and it still can. The same cannot be said for a unit of fiat currency.

Gold is so volatile that I wouldn't touch it with a barge pole. There is a reason that investment funds do not hold gold.

That's rubbish. Investment funds hold what their remit and aims allows them to. A precious metals fund WILL hold gold. A bio-tech fund will not hold gold.

More generally studies have shown that a 5-10% portfolio allocation to gold improves portfolio returns.

Do you have any links to these studies? 

HansOndabush

Ash_Pole said:

HansOndabush said:

BananaRepublic said:

HansOndabush said:

It's no good looking at gold in fiat currency numbers. All fiat currency has drastically lost value compared to gold since 1971 when we came off the gold standard. For thousands of years an ounce of gold has been able to buy you a good suit and it still can. The same cannot be said for a unit of fiat currency.

Gold is so volatile that I wouldn't touch it with a barge pole. There is a reason that investment funds do not hold gold.

That's rubbish. Investment funds hold what their remit and aims allows them to. A precious metals fund WILL hold gold. A bio-tech fund will not hold gold.

More generally studies have shown that a 5-10% portfolio allocation to gold improves portfolio returns.

Do you have any links to these studies? 

https://www.ipe.com/portfolios-can-improve-risk-adjusted-returns-with-gold-allocation-report/42617.article

"During seven periods regarded to be 'tail-risk' events from January 1987 to June 2011, portfolios that included gold tended to perform better, by either posting gains or reducing losses, than those without."

Type_45

The new financial system which is being brought in soon will replace fiat.

Unlike fiat, the new currency will either be based on SDRs (digital currency) or gold. 

If it's the latter, then you can expect the price of gold to appreciate considerably.