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  • FIRST POST
    • pinder325
    • By pinder325 12th Feb 18, 11:32 AM
    • 5Posts
    • 0Thanks
    pinder325
    Inversting in Gold?
    • #1
    • 12th Feb 18, 11:32 AM
    Inversting in Gold? 12th Feb 18 at 11:32 AM
    Hello,

    I have never invested in anything before in my life. I don't have a lot of money to invest (max 500).

    Do you thinking buying a gold bar would be a good investment? If I put the money into a savings account I always end up spending it.

    If I bought a 500 gold bar would it be guaranteed to grow in value if I kept it for say 10 years?

    Thanks
Page 1
    • gardner1
    • By gardner1 12th Feb 18, 11:38 AM
    • 2,484 Posts
    • 3,747 Thanks
    gardner1
    • #2
    • 12th Feb 18, 11:38 AM
    • #2
    • 12th Feb 18, 11:38 AM
    could be more,could be less or could be the same.........my crystal ball wasn't sure

    Nothing is guaranteed
    • EJS_Superted
    • By EJS_Superted 12th Feb 18, 11:43 AM
    • 64 Posts
    • 39 Thanks
    EJS_Superted
    • #3
    • 12th Feb 18, 11:43 AM
    • #3
    • 12th Feb 18, 11:43 AM
    What about a fixed term savings account that doesn't allow withdrawals?
    • sjp999
    • By sjp999 12th Feb 18, 1:14 PM
    • 51 Posts
    • 39 Thanks
    sjp999
    • #4
    • 12th Feb 18, 1:14 PM
    • #4
    • 12th Feb 18, 1:14 PM
    500 would get you 2 sovereigns, approx 16 grams of gold and a maybe 30 quid change.

    Not really much to look at, if you're looking for a return there are way more better ways of going about it.
    • pinder325
    • By pinder325 12th Feb 18, 1:43 PM
    • 5 Posts
    • 0 Thanks
    pinder325
    • #5
    • 12th Feb 18, 1:43 PM
    • #5
    • 12th Feb 18, 1:43 PM
    I was thinking of buying a 10g bar for around 340 to begin with, and then maybe buying more every now and then when I can afford it and try to build up a collection over a few years. You don't think thats a good idea?
    • Prism
    • By Prism 12th Feb 18, 1:52 PM
    • 363 Posts
    • 280 Thanks
    Prism
    • #6
    • 12th Feb 18, 1:52 PM
    • #6
    • 12th Feb 18, 1:52 PM
    I was thinking of buying a 10g bar for around 340 to begin with, and then maybe buying more every now and then when I can afford it and try to build up a collection over a few years. You don't think thats a good idea?
    Originally posted by pinder325
    Not particularily. Have a look at gold price over the last 30 years here https://goldprice.org/

    It might go up, it might go down. Had you bought gold in 2012 you would have lost a third of it by this point. Had you bought in 2009 it would be up by half. Its a gamble without very good returns.
    • ColdIron
    • By ColdIron 12th Feb 18, 3:10 PM
    • 4,258 Posts
    • 5,387 Thanks
    ColdIron
    • #7
    • 12th Feb 18, 3:10 PM
    • #7
    • 12th Feb 18, 3:10 PM
    I have never invested in anything before in my life.
    Originally posted by pinder325
    Well you're in luck, buying gold isn't really an investment either, it's more akin to speculation

    Do you thinking buying a gold bar would be a good investment?
    No, it's price is as likely to go down as it is to go up. I you want to get into gold buy bullion coins, they are more liquid so easier trade

    If I bought a 500 gold bar would it be guaranteed to grow in value if I kept it for say 10 years?
    No
    • markj113
    • By markj113 12th Feb 18, 7:02 PM
    • 151 Posts
    • 107 Thanks
    markj113
    • #8
    • 12th Feb 18, 7:02 PM
    • #8
    • 12th Feb 18, 7:02 PM
    If you are looking to hold for a while grab a coin with a unique to year design.

    Something like an 8g Chinese panda for about 280
    https://atkinsonsbullion.com/gold/gold-coins/1-4oz-gold-coins/2016-chinese-panda-8g-gold-coin-second-quality

    or a 15g if you wish to max your budget:
    https://atkinsonsbullion.com/gold/gold-coins/1-2oz-gold-coins/2018-chinese-panda-15g-gold-coin

    Another option would be the Royal Mint Queens Beast series (1/4oz would be in your budget)
    https://atkinsonsbullion.com/gold/gold-coins/1-4oz-gold-coins

    Chinese panda's will appreciate above and beyond fluctuations in gold spot price
    • thenewcomer
    • By thenewcomer 12th Feb 18, 11:32 PM
    • 95 Posts
    • 21 Thanks
    thenewcomer
    • #9
    • 12th Feb 18, 11:32 PM
    • #9
    • 12th Feb 18, 11:32 PM
    OP- in short to your question, yes. it is likely to appreciate with time.

    but honestly 500 quids is not going to get you a large bar of gold. also have you thought of where you are going to keep the gold? i know most people hide their gold somewhere in their houses, but would you have a piece of mind doing so? i personally cannot, therefore will not invest in physical gold.
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