Gold

[richwebb26]

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

[ringram]

richwebb26 said:

wish to exspand my portfilio in investments.

thanks

rich

How does gold do this?

What are you investing for?

[magnus911]

Get a broker account and buy the SPDR ETF.

Or go on IGindex.

There's not much point in holding physical gold.

[Fittster]

How to buy gold

Think you might be a bit late to the party.

[richwebb26]

hello

thanks for the web link i shall have a read in a bit,more than lickly i am late to the party lol. But there is no harm in having a little read. I wanted to buy the gold as a long term invesment to buy it then store it away for a few years. thanks for your time.

rich

[NoelWatson]

richwebb26 said:

I wanted to buy the gold as a long term invesment to buy it then store it away for a few years

Is it really suitable as a long term investment?

[magnus911]

The old adage is 'put 10% of your portfolio in gold and hope it doesn't do well'.

Basically because investors flock to real assets when the other asset classes aren't performing. I.e. recession. So if gold is doing well, your other investments are likely underperforming.

[Bing o]

NoelWatson said:

richwebb26 said:

I wanted to buy the gold as a long term invesment to buy it then store it away for a few years

Is it really suitable as a long term investment?

Buy High, Sell Low.

[southpaw]

There are a lot of FAR better places to put your money than investing in gold!

[richwebb26]

Hello just been reading the replys and i take its not a good idea to buy gold lol. Think im going to keep buying stocks and shares.

[southpaw]

Coyft, you do realise gold is massively over valued at the moment and as soon as global markets stabilise the value will plummet?

[southpaw]

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?

Itself, I realise gold is worth its current value, but a lot of people think it will fall in value quite soon. Its value has been over inflated due to higher demand in the recent economic climate - as things calm down and stabilise people will be moving money into investments and out of gold.

[southpaw]

Mate if you believe that will happen then feel free to put your money into gold. I've given my opinion which is based on speaking to a lot of people who should really know what they're talking about judging by the jobs they have and the amount they get paid!

[southpaw]

I'd never take investment advice from the internet of course (and would never recommend anyone does!) just thought I'd put across my view I guess its kind of like asking whether to buy an MX-5, many people love them but just as many people will say there are better alternatives

[ringram]

coyft please explain how gold is an investment.

How it provides an income and growth etc.

[ringram]

coyft said:

I'll bite.

People buy gold in the hope

Ah ok, so no fundamental reasons then. Purely speculation. As long as you realise that then cool.

[Fittster]

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.

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

[bogie]

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

[Somewhatfoolish]

Fittster said:

An investment doesn't have to provide income. Your argument is against all commodities which are clearly an investment class.

Well... that's still debatable...

[Fittster]

Somewhatfoolish said:

Fittster said:

An investment doesn't have to provide income. Your argument is against all commodities which are clearly an investment class.

Well... that's still debatable...

How? Considering the returns of shares over the last decade writing off many assets classes which have provided strong returns seems rather poor investment advice.