buying shares

purch

paper which is supposed to be backed by gold reserves

.....woooo !!! :eek:

For a minute then I thought this forum had been 'time warped' back to 1971 :rotfl:

money_tree

Once again,thanks for your replies.
For buying physical gold,the companies i have so far come across are;the bullion vault,Chard & Bairn.
Has anyone had experience dealing with any of these companies?
cheers MT

sannesley

I have a financial advisor that advises me about companies and we both meet regular to discuss new companies. I was a bit shocked when I checked online with the broker (fidelity) that my money is handled through, only to find that the difference between what I have put into the account and the actual value of the account is roughly around £600!! I know that the stock market is taking a bit of a hammering at the minute and you have to look to the long term with stock investment. Still I can't help but feel nervous about my money. I mean if I had kept that money in a bank I would at least still have it all rather than the shortfall I now have. I can only hope that the market will rise in the future, but in the meantime I might lower the amount that's going in every month

cheerfulcat

Hi, moneytree,

For buying physical gold,the companies i have so far come across are;the bullion vault,Chard & Bairn.

Chard and Baird ( I guess you meant Baird? ) are both reputable companies. Baird are rather more expensive than Chard. They both sell physical gold, in the shape of coins and bars. It's up to you to store and insure it.

Bullionvault uses a system of allocated gold - that is, the gold you buy is said to be held in safe storage together with that held by other investors but you are the actual owner of whatever number of ounces you have purchased.

If you want to buy gold for speculative purposes then ETFs, allocated accounts, funds and other " paper " holdings are fine. If you are worried about economic meltdown then go for the stuff you can bury in your garden...

tradetime

sannesley wrote: »

I have a financial advisor that advises me about companies and we both meet regular to discuss new companies. I was a bit shocked when I checked online with the broker (fidelity) that my money is handled through, only to find that the difference between what I have put into the account and the actual value of the account is roughly around £600!! I know that the stock market is taking a bit of a hammering at the minute and you have to look to the long term with stock investment. Still I can't help but feel nervous about my money. I mean if I had kept that money in a bank I would at least still have it all rather than the shortfall I now have. I can only hope that the market will rise in the future, but in the meantime I might lower the amount that's going in every month

As you clearly realise, investment is a long term objective and your time horizon should not be any less than 5 years +. It is also worth considering that investment in stock markets is not for everybody, and if the prospect is too worrying you should consider simply managing your money around the best savings rates you can find. It really isn't worth stressing over.