So how do I protect my savings?

[Muntu]

Bluebarge said:

Muntu said:

So how does one go about buying gold then?

I have used these chaps and they are pretty good. They sell (and buy) coins and ingots.

http://www.goldline.co.uk/

Excellent, thank you

[hornet]

Helicopter123 said:

FWIW, I don't believe that the value of Gold is going up at all, it's the value of paper currency that is already tumbling due to QE/confidence issues.

This is increasingly how I'm thinking about it. If you think about gold (and maybe silver) as currencies rather than metals, the price rises can be thought of in terms of exchange rates. Does 1oz of gold cost $1600, or is it just that your 1oz of gold currency has strengthened against USD, so it buys you more of them? Gold was used as currency long before we had paper notes, so isn't quite as daft as it sounds IMO. Not about to go and convert all my savings, but it's an interesting subject.

[Mermaid]

Apart from AK47's, some gold bars, tins of heinz soup, Cash for me is still good to hold onto even as it depreciates in real terms.