Gold & Silver, ISA Maxi Mini

blangoman

Hiya,

I am desperately wanting to get hold of Gold and Silver. Can i incorporate this need into my current ISA account?. I am with Lloyds TSB and have reached my maximum amount for this financial year. I can addon Stocks/Shares still for this year upto £4000. Am i able to invest in Gold/Silver. Which leads me onto my next question.

I understand it is better to buy bullion than shares as this is tangible, but how do i go about this (would this incurr markup cost i.e. > than current share price?), also say for instance i had a large hold of bullion and wanted to sell at its peak, how would i off load this instantly?


Thank you,


Simon

wombat42_2

blangoman wrote: »

Hiya,

I am desperately wanting to get hold of Gold and Silver. Can i incorporate this need into my current ISA account?. I am with Lloyds TSB and have reached my maximum amount for this financial year. I can addon Stocks/Shares still for this year upto £4000. Am i able to invest in Gold/Silver. Which leads me onto my next question.

I understand it is better to buy bullion than shares as this is tangible, but how do i go about this (would this incurr markup cost i.e. > than current share price?), also say for instance i had a large hold of bullion and wanted to sell at its peak, how would i off load this instantly?


Thank you,


Simon

You can buy silver and gold by buying a silver or gold ETF. ETFs are traded just like shares so you buy or sell whenever you like.

meester

blangoman wrote: »

Hiya,

I am desperately wanting to get hold of Gold and Silver. Can i incorporate this need into my current ISA account?. I am with Lloyds TSB and have reached my maximum amount for this financial year. I can addon Stocks/Shares still for this year upto £4000. Am i able to invest in Gold/Silver. Which leads me onto my next question.

I understand it is better to buy bullion than shares as this is tangible, but how do i go about this (would this incurr markup cost i.e. > than current share price?), also say for instance i had a large hold of bullion and wanted to sell at its peak, how would i off load this instantly?

Hmm, I'm not convinced by your desperation to buy gold and silver.... Sounds like you should do more research.

Gold shares are in theory better than bullion because they generate income, via the sale of ogld, whereas gold is simply a useless lump of metal that needs a vault, etc.. If you want to hold physical gold, you will need guards and so on.

The best ways to buy gold are:

Commodity ETC: http://www.etfsecurities.com/cslgb/etfs_physical_gold_gb.asp (physical) or http://www.etfsecurities.com/csl/classic/etfs_gold.asp (futures). Invest via selftrade

Or
Gold mining shares (invest via selftrade, hoodless brennan, TD Waterhouse, or other stockbroker)

Or
Gold fund, either OEIC/UT (look at www.h-l.co.uk), or an investment trust (try a stockbroker, again).

You won't go anywhere NEAR Lloyds to purchase these products

blangoman

thanks for the informative reply. The reason i say preferencial to buy Bullion is because a fiat back currency can lose total value, whereas holdings can not.

meester

blangoman wrote: »

thanks for the informative reply. The reason i say preferencial to buy Bullion is because a fiat back currency can lose total value, whereas holdings can not.

Of course they can. Just ask Gordon Brown, who sold off the nation's gold at pretty much the lowest point in history costing us billions upon billions.

blangoman

But there is a finite supply, and history has shown Gold moves in waves/cycles but has relative parameters in which it moves. Thus never can be valued as Zero, where the Dollar and alike can.

ps646566

meester wrote: »

Of course they can. Just ask Gordon Brown, who sold off the nation's gold at pretty much the lowest point in history costing us billions upon billions.

Gordon Brown does not believe in wealth or ostentation, so the gold just had to go at any price. It's was for our own good and moral rectitude really. Why can't we see that ?

purch

Thus never can be valued as Zero, where the Dollar and alike can.

Good thinking...........then you can cash your ISA in for worthless cash and............oops !!!!

cloud_dog

purch wrote: »

Good thinking...........then you can cash your ISA in for worthless cash and............oops !!!!

Ah but...........gold (PM) would have a store of value and at a point in time would be converted to an appropriate amount of worthless cash as opposed to having worthless cash and it actually losing its worth over time.

blangoman

purch wrote: »

Good thinking...........then you can cash your ISA in for worthless cash and............oops !!!!

Its meant for backup/investment purposes part of portfolio. What i dont see is my ISA being worthless in the near future. However Gold will rise sharply >$3000/oz. I may be wrong.