Gold Investment - Yay or Nay

[bluenitsuj]

Been looking into sticking some savings somewhere long term and got looking at Gold coins, bars etc as an investment. Also signature gold by the Royal Mint looks an option.

Anyone on here dabbled in gold and have any good or bad advice. Obviously I am aware it is a risk like most things but does appeal to me.

 

[Seasidesage]

Given the state of the world currently. I'd say Gold is a pretty wise investment.

 

[Notters]

Some experts are now predicting that cryptocurrencies will replace gold. I think eggs and baskets comes to mind though. http://www.cnbc.com/2017/07/18/wall...n-says-digital-currencies-replacing-gold.html

 

[timbha]

Given the state of the world currently. I'd say Gold is a pretty wise investment.

this might already be factored in the price, so you might be paying top $$

 

[LamieRobertson]

Been looking into sticking some savings somewhere long term and got looking at Gold coins, bars etc as an investment. Also signature gold by the Royal Mint looks an option.

Anyone on here dabbled in gold and have any good or bad advice. Obviously I am aware it is a risk like most things but does appeal to me.

You'll need somewhere safe to keep them..i could help you out there

 

[Bisto]

Been looking into sticking some savings somewhere long term and got looking at Gold coins, bars etc as an investment. Also signature gold by the Royal Mint looks an option.

Anyone on here dabbled in gold and have any good or bad advice. Obviously I am aware it is a risk like most things but does appeal to me.

It depends on what your investment is for. Gold is volatile and is highly priced currently (jumped £170 / ounce since Brexit and Trump) and doesn't return dividend or interest, therefore it locks your money away.
That said price generally Is upward.
There are other benefits No VAT and easily transferred to kids with less visibility particularly Coins.
Coins cost more per ounce but more attractive to buyers and almost untraceable.
Shop about for gold brokers Big city dealers give best rates and you know you are buying what you think you are. Avoid eBay Auction rooms and pawn brokers

 

[beorhthelm]

historically its not a great investment. its supposed to be a store of value, a hedge against inflation, and on that basis performs. but ive read enough analysis and comment to conclude its just another commodity now. i keep meaning to buy some coins for the novelty, you lose a fair % striaght away though. bars are the only way to keep close to the spot price.

 

[GreersElbow]

No, gold's value is largely related to the strength of the dollar. If the dollar strengthens, gold's value declines. U.S interest rates are only going to increase which will strenghten the value of the US dollar.

I woudn't invest in it for the time being.

 

[BN9 BHA]

Yay

 

[GreersElbow]

conclude its just another asset now.

What...?

 

[beorhthelm]

What...?

meant another commodity. it reflects whims of speculators, industrial and consumer demand rather than hard economics it once did.

 

[GreersElbow]

meant another commodity. it reflects whims of speculators, industrial and consumer demand rather than hard economics it once did.

As does almost every other asset, commodity etc. It's all determined by supply and demand. Hard economics is determined by industrial and consumer demand.
The value of gold as a currency, was always determined by supply and demand, of industrial and consumers, that has never really changed.

Gold these days is a method for hedging flucuation in foreign exchange rates, less so than an investment itself.

If people are interested in buying gold, the time to do it is at the peak of a business cycle and when interest rates are high and US dollar is strong. When cycles begin to end, generally prices increase as interest rates fall.

 

[studio150]

Good advice I'm going to buy as many of these as I can tomorrow and then sit back and watch my investment rise.

 

[bluenitsuj]

Thank you for all your comments. I shall research further before I commit to anything.

 

[Justice]

When the world turns to shit go long on gold. Was talking to someone yesterday who thinks by 2020 the economy will be on its knees with some good points to back it up with interesting.

 

[bluenitsuj]

When the world turns to shit go long on gold. Was talking to someone yesterday who thinks by 2020 the economy will be on its knees with some good points to back it up with interesting.

I am looking at long term 10 - 20 years roughly and can sell at any time. I have shares already and money sitting in my bank account is effectively losing value with inflation.

 

[Blue3]

Great way to get around inheritance tax

 

[Bigtomfu]

this might already be factored in the price, so you might be paying top $$

This.

Also it's no longer a pure/natural inflation hedge so don't do it for that reason alone

 

[dazzer6666]

There was a good piece in the Telegraph recently, worth a read.

http://www.telegraph.co.uk/investing/gold/price-gold-do-buy/

 

[Return of the Rev]

My money is going into Dragonglass!