Gold

Stma123

Just read Gold at an all time high . Can I invest in gold and get a monthly income ? 

Say investment of £140k 
is this possible and how to go about it . 

thanks

dunstonh

 Can I invest in gold and get a monthly income ? 

What income do you think a piece of metal can generate?

Say investment of £140k

So, you want to buy £140k in a particular asset type that doesn't generate income, spends most of its time as a fear asset (goes up when there is fear, goes down when the fear recedes) and is currently at a high after the gain has already happened?

If its part of your wider portfolio then fair enough.   Figures of up to around 5% of your investable money would be the typical ballpark.   What are you doing with the rest of your circa £2.8 million of investable money?

Stma123

so so that is a No … then 
thanks for your time 

saajan_12

Stma123 said:

Just read Gold at an all time high . Can I invest in gold and get a monthly income ? 

Say investment of £140k 
is this possible and how to go about it . 

thanks

Why would you want to buy at a high? 

Stma123

I was more meaning ,if it was possible and how to do it . Of course will watch the market 

booneruk

You could buy a basket of shares in gold mining companies that pay dividends, but it wouldn't be a monthly income (it would be lumpy across the year), and this wouldn't precisely track the price of gold.

The gold price is at an all time high in literal pounds and pence, but (I believe) isn't at an all time high when inflation adjusted (it was higher in the 80s, and has suffered many crashy or stagnant periods since then)

t1redmonkey

saajan_12 said:

Stma123 said:

Just read Gold at an all time high . Can I invest in gold and get a monthly income ? 

Say investment of £140k 
is this possible and how to go about it . 

thanks

Why would you want to buy at a high? 

I bought in January when it was more or less at a 'high', and I've made around 20% since then.  Having gold isn't a bad thing at all, it's a good hedge against fiat currency devaluation which I expect will continue to take place over the coming months/years.