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gold index tracker fund???

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Comments

  • RolandFlagg
    RolandFlagg Posts: 179 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Gold is a dead investment imo.
  • tebbins
    tebbins Posts: 773 Forumite
    500 Posts Name Dropper
    The most stable asset is cash in a bank account, everything else varies.
  • eskbanker
    eskbanker Posts: 38,022 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    HunterBurgan said:
    eskbanker said:
    Not sure there are many simpler ways of expressing it but let's have one more go:

    You seemed to be implying that it was a surprise to you that the gold price fluctuates, but it shouldn't be, as volatility is very much part of the proposition, so don't buy gold if you want predictable stability....
    well what could you buy then if you wanted stability?
    It depends what your actual objectives are.

    Cash is the obvious answer, such as fixed term savings accounts, but the downside is loss of real terms value to inflation.

    Investment volatility varies widely - historically bonds have been seen as a way of dampening equity volatility, but both will fluctuate significantly over time.  Wealth preservation investment trusts are intended to be relatively stable, but in general you can't really achieve stability without compromising other outcomes, so you need to consider what it is that you're aiming for....
  • HunterBurgan
    HunterBurgan Posts: 42 Forumite
    10 Posts
    eskbanker said:
    HunterBurgan said:
    Take a look at these 2 links that show its vale of the last year and the last 3 years
    It dose not look at all that stable to me!


    Anyone buying gold while under the impression that its price would be stable has a serious due diligence shortfall!
    Well bugbyte_2 seams to think its a safe bet buying gold. and a few other have noted this in the event of a stock market crash
  • tebbins
    tebbins Posts: 773 Forumite
    500 Posts Name Dropper
    edited 21 October 2021 at 2:07PM
    HunterBurgan said:
    eskbanker said:
    HunterBurgan said:
    Take a look at these 2 links that show its vale of the last year and the last 3 years
    It dose not look at all that stable to me!


    Anyone buying gold while under the impression that its price would be stable has a serious due diligence shortfall!
    Well bugbyte_2 seams to think its a safe bet buying gold. and a few other have noted this in the event of a stock market crash
    Lots of people have lots of opinions about lots of things, it doesn't make them right or mean you should agree.
    PensionCraft has produced a number of videos looking at gold as an investment in detail.
    https://youtu.be/9qCmkr60JNM,

  • Albermarle
    Albermarle Posts: 29,031 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    HunterBurgan said:
    eskbanker said:
    HunterBurgan said:
    Take a look at these 2 links that show its vale of the last year and the last 3 years
    It dose not look at all that stable to me!


    Anyone buying gold while under the impression that its price would be stable has a serious due diligence shortfall!
    Well bugbyte_2 seams to think its a safe bet buying gold. and a few other have noted this in the event of a stock market crash
    Last year there were a couple of regular posters , always advocating buying gold as the only safe investment.
    Since last Summer,  it went down 15% and share markets went up 25 to 50% .

    They seem to have gone very quiet ..........

    No doubt it will reverse to some extent at some point, but very difficult to predict anything.
  • eskbanker
    eskbanker Posts: 38,022 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    HunterBurgan said:
    eskbanker said:
    HunterBurgan said:
    Take a look at these 2 links that show its vale of the last year and the last 3 years
    It dose not look at all that stable to me!


    Anyone buying gold while under the impression that its price would be stable has a serious due diligence shortfall!
    Well bugbyte_2 seams to think its a safe bet buying gold. and a few other have noted this in the event of a stock market crash
    My above comment doesn't relate to the wisdom (or not) of buying gold, but the separate issue of how unrealistic it is to expect price stability.
  • HunterBurgan
    HunterBurgan Posts: 42 Forumite
    10 Posts
    Last year there were a couple of regular posters , always advocating buying gold as the only safe investment.
    Since last Summer,  it went down 15% and share markets went up 25 to 50% .


    Do you think gold prices are linked to share prices a lot or something?

    At what point in time did the markets go up? was this the exact same time as gold went fown
    So if the markets went down would gold go up?
  • tebbins
    tebbins Posts: 773 Forumite
    500 Posts Name Dropper
    HunterBurgan said:
    Last year there were a couple of regular posters , always advocating buying gold as the only safe investment.
    Since last Summer,  it went down 15% and share markets went up 25 to 50% .


    Do you think gold prices are linked to share prices a lot or something?

    At what point in time did the markets go up? was this the exact same time as gold went fown
    So if the markets went down would gold go up?
    I think, IMHO, you are demonstrating a real lack of understanding and one of the most important rules about investing is don't invest in something you don't understand.
    All of this information is publicly available and accessible. There is no mechanical relationship between stocks and gold prices. There is little to no evidence of any significant correlation between stocks and gold, that gold outperforms stocks, that gold is a good inflation hedge, that gold is anything other than a volatile asset that pays you nothing to hold it.

    All I can suggest at this stage is watching those PensionCraft videos.
  • Albermarle
    Albermarle Posts: 29,031 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    HunterBurgan said:
    Last year there were a couple of regular posters , always advocating buying gold as the only safe investment.
    Since last Summer,  it went down 15% and share markets went up 25 to 50% .


    Do you think gold prices are linked to share prices a lot or something? Possibly

    At what point in time did the markets go up? was this the exact same time as gold went fown Info on gold and share markets is easily accessible via google for you to check yourself.
    So if the markets went down would gold go up?Maybe
    As said above you would be better to do some actual research .
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