LamieRobertson
Not awoke
Diamonds
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Gold Investment - Yay or Nay
- Thread starter bluenitsuj
- Start date
bluenitsuj
Listen to me!!!
- Thread starter
- #22
But Diamonds are forever...........I will want to sell them one day
A fish called Glen Ponder
Member
- Mar 13, 2012
- 50
Err ....how?
You can just hand them over tax man has no way to trace it
Buy them with cash first
A fish called Glen Ponder
Member
- Mar 13, 2012
- 50
Nice idea but that's just fraud and no different from handing over the cash - It would still be a Potentially Exempt Transfer. ....to some degree of course gold is actually more traceable than cash because the physical asset will exist
LondonTown
New member
- Mar 13, 2017
- 43
The big players who would want to invest in gold already have done because of the various scares in recent years, so I can't see it's value rising significantly in the near future. I think it is more likely to fall in the short term. The US dollar is no longer backed by gold. You can no longer redeem your dollars in gold as you could, technically speaking, in the 70s
Cryptocurrencies are the best bet, but the likes of BitCoin get a bad rap. There are other options like OneCoin which is more stable and transparent.
I would research the cryptocurrency options if I were you.
Cryptocurrencies are the best bet, but the likes of BitCoin get a bad rap. There are other options like OneCoin which is more stable and transparent.
I would research the cryptocurrency options if I were you.
warmleyseagull
Well-known member
There are as many views on gold as people who spout them. The naysayers point out that gold pays no dividends, interest etc, yields zero and always will be; that it is volatile, it is a useless metal (unlike silver) and its basis as a store of underlying value has been undermined.
I take the alternative view: that gold is as close to the ultimate safe haven that you can get, that it has a habit of being counter cyclical, and that anyone with a decent savings portfolio should have some gold in it.
There are also the real doomsayers like James Rickards who foresee a dollar collapse. Rickards recommends 10% of savings in gold; he has tipped its price recently: http://www.silverdoctors.com/gold/g...sive-turn-around-next-stop-is-1300-or-higher/. I have seen forecasts of gold hitting $5000 an ounce.
I take the alternative view: that gold is as close to the ultimate safe haven that you can get, that it has a habit of being counter cyclical, and that anyone with a decent savings portfolio should have some gold in it.
There are also the real doomsayers like James Rickards who foresee a dollar collapse. Rickards recommends 10% of savings in gold; he has tipped its price recently: http://www.silverdoctors.com/gold/g...sive-turn-around-next-stop-is-1300-or-higher/. I have seen forecasts of gold hitting $5000 an ounce.
Papa Lazarou
Living in a De Zerbi wonderland
Premium Bonds?
(I am joking. I know they're not all that)
(I am joking. I know they're not all that)
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,031
dont joke, they're like buying a bunch of lottery tickets every month without spending the money.
Spreadbetting Seagull
New member
- Mar 12, 2008
- 180
If you want some gold exposure perhaps avoid physical gold and the associated costs. A gold ETF tracks the price and trades daily like a share, so much more liquid. You can get out when you want.
That said, on a standalone basis why would you want to buy gold? You may as well head down the casino. Gold is fine as part of a diversified portfolio, which would include cash, fixed income (bonds), equities (shares), alternatives and property. On it's own, it's just a punt.
Gold is a very volatile asset class and a lot of historic asset class correlations have broken down since the financial crisis. History tells us that gold tends to do well under certain economic conditions but the global economy is distorted. Central banks are desperate to raise interest rates so they have some firepower for the next recession, but weak growth and inflation is preventing them from doing so. Debt levels are also higher than before 2008.
For what it's worth, the company I work for have just introduced some gold exposure into portfolios. Not because we like gold, but because we want some diversification for when the shit inevitably hits the fan!
That said, on a standalone basis why would you want to buy gold? You may as well head down the casino. Gold is fine as part of a diversified portfolio, which would include cash, fixed income (bonds), equities (shares), alternatives and property. On it's own, it's just a punt.
Gold is a very volatile asset class and a lot of historic asset class correlations have broken down since the financial crisis. History tells us that gold tends to do well under certain economic conditions but the global economy is distorted. Central banks are desperate to raise interest rates so they have some firepower for the next recession, but weak growth and inflation is preventing them from doing so. Debt levels are also higher than before 2008.
For what it's worth, the company I work for have just introduced some gold exposure into portfolios. Not because we like gold, but because we want some diversification for when the shit inevitably hits the fan!
FTSE 100 started in 1984 at 1000 points I think. Around 7,500 now.
Look at Malcolm Ellis coins Godalming.. He buys and sells Krugerands and Sovereigns and has a very tight buying/selling price.
Ⓩ-Ⓐ-Ⓜ-Ⓞ-Ⓡ-Ⓐ
Hove / Παρος
Just listened to the Podcast... that didn't end well!
Cheshire Cat
The most curious thing..
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,396
I would take your own advice if I were you mate. Maybe start your research by googling 'OneCoin scam'
