Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • ripplyuk
    • By ripplyuk 6th Jul 17, 10:39 AM
    • 1,726Posts
    • 1,595Thanks
    Is buying gold a good idea?
    • #1
    • 6th Jul 17, 10:39 AM
    Is buying gold a good idea? 6th Jul 17 at 10:39 AM
    I know absolutely nothing about this apart from reading a little on google. My partner wants to buy some gold and I want to find out some opinions before he does that. It isn't so much for the investment value as this isn't a huge amount of money but I don't want him to lose money either. He says he wants something 'physical' rather than investing in stocks/shares etc.

    Is this a good idea? Could anyone recommend somewhere reputable to buy this? I've looked at the Royal mint but then I read it's overpriced there. I'm worried he'll buy from somewhere dodgy and get ripped off. He is talking about krugerrands. Are they the best way to have gold, or is bullion/other coins better?

    Also, would antiques be more worthwhile to spend to the money on?
Page 3
    • surreysaver
    • By surreysaver 11th Jul 17, 10:45 AM
    • 2,431 Posts
    • 1,359 Thanks
    There's always this:
    I consider myself to be a male feminist. Is that allowed?
    • savings my hobby
    • By savings my hobby 11th Jul 17, 11:59 AM
    • 357 Posts
    • 445 Thanks
    savings my hobby
    gold is too expensive, buy some gold jewelry if you want to wear it, but as an investment leave it alone.
    Earn, Save and Achieve
    • eskbanker
    • By eskbanker 11th Jul 17, 12:33 PM
    • 6,794 Posts
    • 7,047 Thanks
    gold is too expensive
    Originally posted by savings my hobby
    You'd probably be better to expand on that rather vague comment if you want people to understand what you're getting at, especially given the level of detail in the rest of the thread.

    Do you mean that (in your opinion):
    • It's at the wrong point in its cyclical historical valuation
    • The minimum purchase price is too high (for coins or bullion?)
    • The costs of physical storage, insurance, etc, are large
    • The buy/sell spread is too wide
    • Something else?
    and what are you comparing it with?
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,809Posts Today

8,113Users online

Martin's Twitter