Discussion
hello merry christmas and happy new year to all
I am needing some advice from u lovely people . I was thinking off buying into gold coins or bullion but have been doing a bit off research on the internet and getting a bit confused with it all. ive got a couple off questions if you can help me ?
1) who is a retable company to buy the gold from
2) is it worth the risk
3) What is the best to buy coins or bullion
4) What do i have to look out for
5) Where is a good place to store once brought
im a bit off a novice to this so any info would be greatfull. I have allready got stock and shares, isa's, premium bonds and wish to exspand my portfilio in investments.
thanks
rich
I am needing some advice from u lovely people . I was thinking off buying into gold coins or bullion but have been doing a bit off research on the internet and getting a bit confused with it all. ive got a couple off questions if you can help me ?
1) who is a retable company to buy the gold from
2) is it worth the risk
3) What is the best to buy coins or bullion
4) What do i have to look out for
5) Where is a good place to store once brought
im a bit off a novice to this so any info would be greatfull. I have allready got stock and shares, isa's, premium bonds and wish to exspand my portfilio in investments.
thanks
rich
coyft said:
southpaw said:
Coyft, you do realise gold is massively over valued at the moment and as soon as global markets stabilise the value will plummet?
Over valued in relation to what? ringram said:
coyft please explain how gold is an investment.
How it provides an income and growth etc.
An investment doesn't have to provide income. Your argument is against all commodities which are clearly an investment class.How it provides an income and growth etc.
You seem to be of the opinion that only bonds and shares can be classified as investments.
Edited by Fittster on Saturday 8th January 13:08
gold dosent really go up in value though does it? it always stays the same in value i.e what it will buy
its inflation of the money supply thats devaluing everything else
and people then say "oooo look, that xxx car is £30K now, not £20K like it was 10 years ago" yet their income hasnt gone up proportionally
everything is getting more expense, flat currencies are becoming worth less every year, and gold is staying the same
its a store of value, not really an "investment" that grows
so when everything is going tits up in the world, people start transferring wealth into gold....
/should have never come off the gold standard in 1971...seems the whole world has been living on the knock ever since and weve been part of a big economic monetary experiment
its inflation of the money supply thats devaluing everything else
and people then say "oooo look, that xxx car is £30K now, not £20K like it was 10 years ago" yet their income hasnt gone up proportionally
everything is getting more expense, flat currencies are becoming worth less every year, and gold is staying the same
its a store of value, not really an "investment" that grows
so when everything is going tits up in the world, people start transferring wealth into gold....
/should have never come off the gold standard in 1971...seems the whole world has been living on the knock ever since and weve been part of a big economic monetary experiment
Somewhatfoolish said:
Fittster said:
An investment doesn't have to provide income. Your argument is against all commodities which are clearly an investment class.
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