Gold ball time
Discussion
I am a very casual armchair investor here and have my SIPP in a small number of funds, 2 are global equity trackers, 1 is a global tech, and some gold. The gold has performed best and my thoughts are, based on what seems to be a potential impendant financial mess in the states, to move some from each of my funds into more gold for now. I am maybe 15 years from retiring. Its all a bit anecdotal but just wondering if anyone was thinking along these lines or not.
jakesmith said:
I am a very casual armchair investor here and have my SIPP in a small number of funds, 2 are global equity trackers, 1 is a global tech, and some gold. The gold has performed best and my thoughts are, based on what seems to be a potential impendant financial mess in the states, to move some from each of my funds into more gold for now. I am maybe 15 years from retiring. Its all a bit anecdotal but just wondering if anyone was thinking along these lines or not.
1. Buy thishttps://www.amazon.co.uk/Smarter-Investing-Simpler...
2. Read it (in particular chapter 14.1 - off menu assets (gold appears between managed futures and structured products)).
3. Post questions on here.
Yesterdays podcast - wise man Howard Marks on his view of gold - https://youtu.be/lpNjJlWcdGY?t=1375
okgo said:
Crazy how many people have gone a bit mad because of ai - the media really have whipped up a storm here haven t they.
I was reading an article on the financial app on my iPhone earlier about Rachel Reeves and property taxes, and they meandered into planning and how AI would be helping them get their 300,000 houses a year over the line.How exactly I have no idea. Unless they just ask AI to write planning applications.
But the net result will be councils using AI to bullet point another AIs creation, and then it's straight back down to the raw policy, not filibustering bun-fights between AI models, essentially generating loads of extra CO2 and potable drinking water to generate fat fluffy documents that say almost nothing.
A great use of AI for sure
dingg said:
Golds for nutjobs, because it's done well recently doesn't change that fact.
You're not sufficiently diversified imo, but I'm just a bloke on t'internet
Another bloke on the Internet agrees with you.You're not sufficiently diversified imo, but I'm just a bloke on t'internet
I own a gold coin because I wanted something shiny but basing my retirement plans on such a non-productive asset seems insane.
jakesmith said:
I am a very casual armchair investor here and have my SIPP in a small number of funds, 2 are global equity trackers, 1 is a global tech, and some gold. The gold has performed best and my thoughts are, based on what seems to be a potential impendant financial mess in the states, to move some from each of my funds into more gold for now. I am maybe 15 years from retiring. Its all a bit anecdotal but just wondering if anyone was thinking along these lines or not.
Old me would have thought yep need to buy gold now.current me thinks well too late should have bought when no one was talking about it as it gets talked about alot now.
doesnt mean it couldnt go to 5000 6000 more etc but i remember 2014-2018 gold doing nothing and being 1000-1300 range and thinking no point in buying that...
LeoSayer said:
dingg said:
Golds for nutjobs, because it's done well recently doesn't change that fact.
You're not sufficiently diversified imo, but I'm just a bloke on t'internet
Another bloke on the Internet agrees with you.You're not sufficiently diversified imo, but I'm just a bloke on t'internet
I own a gold coin because I wanted something shiny but basing my retirement plans on such a non-productive asset seems insane.
Are they all 'nutjobs'?
It is interesting that gold/silver has (AIUI) been money for 5000 years or whatever the time period is, but now it is apparently only for conspiracy theorist loons because digital numbers created out of thin air are 'better' / 'normal'.
RSTurboPaul said:
LeoSayer said:
dingg said:
Golds for nutjobs, because it's done well recently doesn't change that fact.
You're not sufficiently diversified imo, but I'm just a bloke on t'internet
Another bloke on the Internet agrees with you.You're not sufficiently diversified imo, but I'm just a bloke on t'internet
I own a gold coin because I wanted something shiny but basing my retirement plans on such a non-productive asset seems insane.
Are they all 'nutjobs'?
It is interesting that gold/silver has (AIUI) been money for 5000 years or whatever the time period is, but now it is apparently only for conspiracy theorist loons because digital numbers created out of thin air are 'better' / 'normal'.
So many factors at play with Gold (BRICS - US revaluation of reserves, BTC etc.)
Back about 5-6 years, I got switched on to gold but, rather than buy the physical stuff, bought some shares for my SIPP in a Gold miner at around 60p. Today they are £10.
I personally think gold has more running in but the miners who had a good business proposition when it was $2000 are very well positioned (most have AISC of c$1000)
Back about 5-6 years, I got switched on to gold but, rather than buy the physical stuff, bought some shares for my SIPP in a Gold miner at around 60p. Today they are £10.
I personally think gold has more running in but the miners who had a good business proposition when it was $2000 are very well positioned (most have AISC of c$1000)
Not a recommendation, but perhaps consider BOLD
https://cdn.21shares.com/uploads/current-documents...
"100% physically backed by its underlying assets, the 21Shares Bitcoin Gold ETP BOLD combines gold's proven success and Bitcoin's emerging role, as a store of value. By allocating equal risk levels to both assets, BOLD offers a balanced approach for investors seeking to hedge against inflation. Gold has long been recognized for its stability, while Bitcoin, often referred to as 'Digital Gold,' is increasingly seen as a hedge in the transition to a digital economy."
DYOR etc
https://cdn.21shares.com/uploads/current-documents...
"100% physically backed by its underlying assets, the 21Shares Bitcoin Gold ETP BOLD combines gold's proven success and Bitcoin's emerging role, as a store of value. By allocating equal risk levels to both assets, BOLD offers a balanced approach for investors seeking to hedge against inflation. Gold has long been recognized for its stability, while Bitcoin, often referred to as 'Digital Gold,' is increasingly seen as a hedge in the transition to a digital economy."
DYOR etc
NormalWisdom said:
So many factors at play with Gold (BRICS - US revaluation of reserves, BTC etc.)
Back about 5-6 years, I got switched on to gold but, rather than buy the physical stuff, bought some shares for my SIPP in a Gold miner at around 60p. Today they are £10.
I personally think gold has more running in but the miners who had a good business proposition when it was $2000 are very well positioned (most have AISC of c$1000)
well i had a couple of nice gold miners as a decent hedge polymetal and centamin.... Back about 5-6 years, I got switched on to gold but, rather than buy the physical stuff, bought some shares for my SIPP in a Gold miner at around 60p. Today they are £10.
I personally think gold has more running in but the miners who had a good business proposition when it was $2000 are very well positioned (most have AISC of c$1000)
I think i actually did get out of centamin with a progit but lost a shed load on polymetal
asfault said:
well i had a couple of nice gold miners as a decent hedge polymetal and centamin....
I think i actually did get out of centamin with a progit but lost a shed load on polymetal
Altyn Gold was mineI think i actually did get out of centamin with a progit but lost a shed load on polymetal
Interesting article this morning
https://citywire.com/new-model-adviser/news/top-20...
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