Buying Gold

linden_2

Has anyone put any of their savings into gold ?

Is there any good reason to do so ?

How do you buy and store gold ?

Linden

napoleon

linden wrote: »

Has anyone put any of their savings into gold ?



How do you buy and store gold ?

Linden

I hide mine under the floorboards. But please don't tell anyone

cloud_dog

linden wrote: »

Has anyone put any of their savings into gold ?

Is there any good reason to do so ?

How do you buy and store gold ?

Linden

I don't want to be a party pooper but this question has been asked numerous times. If you do a search on 'buy' and 'gold' I'm sure you will find lots of previously posted information.

cloud_dog

linden_2

Thank you cloud dog , I'll do that

Darth_Trader

Linden - sorry to be cheeky, but if you find a good thread on gold, could you post and bring it to the top please? I'm new here, but am invested in the yellow stuff.

I moved to Merrill Lynch Gold and General last August, when one of my ISAs had moved nowhere for two years using FTSE trackers! It's a unit trust rather than holding physical gold. You could also consider 'exchange-traded commodities' such as BULL (or sterling denominated BULP), or PHAU, all ISAble.

[No advice intended. Investigate for yourself.]

purch

The more and more posts that appear on here about Gold, makes me worry that this guy might be right; :eek:

http://www.safehaven.com/article-10037.htm

Jonbvn

IMHO, if you are not in Gold now, you may have missed the boat.

However, I do like the ML Gold & Gen fund, which invests in the miners rather than the commodity itself. Interestingly, there is a significant disconnect between the price of the actual commodity and the share price of the producers in both oil & gold. In both cases the commodity price has surged ahead whilst the producers shares have just been steady. Over the last few weeks, the producers shares have started to make up ground.

gekktel

Here a thread :- w*w.housepricecrash.co.uk/forum/index.php?showforum=50

Darth_Trader

I agree with both Purch and Jonbvn's sentiments above. I moved towards commodities last summer after overhearing people down the pub talking about shares - might have been an investment club for all I know, but the next steps are normally share tips in the Beano, followed by a massive correction!

Thanks for that link Gekktel. LOTS to read on there!

[Deleted User]

I wouldn't invest in gold now, it's much too late.

I bought physical gold at around the $500 level before the rush -and I've sold most of it now - muhahahahaha!!!!:D :j :j :j :j

Goldfinger.

linden_2

Thank you all for the posts .

I first read a suggestion about gold ca. 5 years ago . It was predicting our current economics . But I didn't get around to doing anything . I think you may be right that it is too late .
I have NEVER made money on shares . I HAVE made money on property .
What I would like is somewhere to look at from now onwards .

Gold sounds unsafe to look after under the parquet , and it is presumably costly to store it with or in a bank .

Where would you turn to make at least some profit and not take an enormous risk ?