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how much gold...

13

Comments

  • pjread
    pjread Posts: 1,106 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    another 0%.  Toyed with the idea of a little physical gold, but in the various Armageddon scenarios I can't see an accessible and efficient market for gold remaining while everything else burns. 
  • P1Fanatic
    P1Fanatic Posts: 377 Forumite
    Part of the Furniture 100 Posts Name Dropper
    A gold cigarette case, gold cigarette lighter, gold fountain pen and gold cufflinks. Nick Nack is polishing them all as I type this.
  • fizio
    fizio Posts: 428 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Another one for 'zero'
  • aroominyork
    aroominyork Posts: 3,519 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Also 0%, apart from the tiny bit held by Capital Gearing Trust. But I have thought about it because - like many other folk - I would like a magic bullet in this time of high inflation and low-returning bonds. This article suggests gold might be a good investment in times or negative interest rates (ie when rates are below inflation). This piece from Occam Investing comes down against gold (although It is not an article about whether you should buy gold now). I remain unlikely to dabble.
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Gold and silver will come into their own when the currencies collapse. It's happened before and it will happen again. In the meantime, gold is a good store of value and it's price is artificially suppressed.

    Silver is ridiculously cheap. The VAT on silver puts me off, but even so it is a bargain at the moment for anyone who wanted it. 
  • aroominyork
    aroominyork Posts: 3,519 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Type_45 said:
    Gold and silver will come into their own when the currencies collapse. It's happened before and it will happen again. In the meantime, gold is a good store of value and it's price is artificially suppressed.
    Explain please - suppressed how? And is there any reason its price will not continue to be suppressed - or will be further suppressed?
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Type_45 said:
    Gold and silver will come into their own when the currencies collapse. It's happened before and it will happen again. In the meantime, gold is a good store of value and it's price is artificially suppressed.
    Explain please - suppressed how? And is there any reason its price will not continue to be suppressed - or will be further suppressed?

    Google "spoofing" for a start. 


  • aroominyork
    aroominyork Posts: 3,519 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Type_45 said:
    Type_45 said:
    Gold and silver will come into their own when the currencies collapse. It's happened before and it will happen again. In the meantime, gold is a good store of value and it's price is artificially suppressed.
    Explain please - suppressed how? And is there any reason its price will not continue to be suppressed - or will be further suppressed?

    Google "spoofing" for a start. 


    Stupid me. For a moment I thought you might not be taking us down another conspiracy rabbit hole.
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Type_45 said:
    Type_45 said:
    Gold and silver will come into their own when the currencies collapse. It's happened before and it will happen again. In the meantime, gold is a good store of value and it's price is artificially suppressed.
    Explain please - suppressed how? And is there any reason its price will not continue to be suppressed - or will be further suppressed?

    Google "spoofing" for a start. 


    Stupid me. For a moment I thought you might not be taking us down another conspiracy rabbit hole.


    Not at all.  Price suppression of precious metals is all over the MSM.
  • InvesterJones
    InvesterJones Posts: 1,328 Forumite
    1,000 Posts Third Anniversary Name Dropper
    P1Fanatic said:
    A gold cigarette case, gold cigarette lighter, gold fountain pen and gold cufflinks. Nick Nack is polishing them all as I type this.
    I think you meant to post this in the 'Unresolved Bond dispute' thread ;)
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