What's the safest way to invest in / buy gold?
Discussion
This thread may well give you some pointers: https://www.pistonheads.com/gassing/topic.asp?h=0&...
Out of interest whats your thought process for buying gold? Apart from a short spike in Feb we are at levels not seen since 2013 and apart from a 6 month spell in 2011 we havent seen gold prices this high in 20 years. Unless your looking to hold for a long long time i cant see any value in this... much better of just investing in a stock & shares ISA and buying the dip surely?
Edited by JonLock on Tuesday 5th May 12:25
To be honest, I woke up this morning and just fell like everything is going to go to sh*t in the next 6 months.
I think lots of businesses are already dead, but they dont even know it.
Im feeling very pessimistic for the 6-12 month window.
Personally i have most my savings in cash at the moment, equities seems very risky to me and holdong cash is worrisome too.
I think lots of businesses are already dead, but they dont even know it.
Im feeling very pessimistic for the 6-12 month window.
Personally i have most my savings in cash at the moment, equities seems very risky to me and holdong cash is worrisome too.
stuthe
said:
said: To be honest, I woke up this morning and just fell like everything is going to go to sh*t in the next 6 months.
I think lots of businesses are already dead, but they dont even know it.
Im feeling very pessimistic for the 6-12 month window.
Personally i have most my savings in cash at the moment, equities seems very risky to me and holding cash is worrisome too.
If those are your feelings i would be waiting out for further drops in asset classes then buying the dip. If you really want to invest in gold then at least hedge your risk and dont put all your cash into one area. Personally i have been cost averaging and my portfolio is only down minimally now, i think we will see further declines when q2 earnings are released and the full extent becomes more clear. I see this as a huge opportunity, markets have been sat at highs for so long now that a dip provides great entry points providing you looking at the long term picture. I think lots of businesses are already dead, but they dont even know it.
Im feeling very pessimistic for the 6-12 month window.
Personally i have most my savings in cash at the moment, equities seems very risky to me and holding cash is worrisome too.
It can be hard to not occasionally think of Armageddon scenarios, logic doesn't really point to the stock market in these circumstances but then depending on your wealth there is a sort of safety in numbers ie what do the richer than you/super rich do? Lots of powerful and rich people that can look after their self interests, or governments prop up stuff and then you can ride their coat tails in relative safety?
So you could get some physical gold, it's nice to look at and have, you could have a cash bundle too away from the bank, these could help in some circumstances that have happened globally at extreme times. The gold drive from some is that with governments worldwide opening up the printing presses then they see a disconnect between what the Gold price should be and what it is. Other see gold as simply a lump of metal, superseded as a storage of wealth by the market or Bitcoin etc, I see gold as more tangible than bitcoin but am sure others don't.
The real preppers are, or are certainly labelled, nut jobs, and guns, tinned and dry foods might be where their money goes! This virus and the Oil blockades some time ago, do stress test our 'just in time' supply lines but again we generally work around it as the consequences are too severe to contemplate!
Having some cash and gold if you have none is not in these times going to cost you heavily, so perhaps satisfy your itch but I agree it's not easy to trust a physical source and some would say the stock market ownership whilst touted as the same and you can apparently demand physical at any point I think it's like cash, we can all demand it tomorrow, but there isn't enough to provide everyone with it, so it relies on the status quo largely.
I find monetary issues/economics all smoke and mirrors and often difficult to get your head around, but I always come back to the fact that those with money have more power, those with money inherently want to protect and grow it (they don't tend to settle it's a quest for more) and so while it sounds a bit illuminati and tin foil I think the market etc will largely be a haven regardless.
So you could get some physical gold, it's nice to look at and have, you could have a cash bundle too away from the bank, these could help in some circumstances that have happened globally at extreme times. The gold drive from some is that with governments worldwide opening up the printing presses then they see a disconnect between what the Gold price should be and what it is. Other see gold as simply a lump of metal, superseded as a storage of wealth by the market or Bitcoin etc, I see gold as more tangible than bitcoin but am sure others don't.
The real preppers are, or are certainly labelled, nut jobs, and guns, tinned and dry foods might be where their money goes! This virus and the Oil blockades some time ago, do stress test our 'just in time' supply lines but again we generally work around it as the consequences are too severe to contemplate!
Having some cash and gold if you have none is not in these times going to cost you heavily, so perhaps satisfy your itch but I agree it's not easy to trust a physical source and some would say the stock market ownership whilst touted as the same and you can apparently demand physical at any point I think it's like cash, we can all demand it tomorrow, but there isn't enough to provide everyone with it, so it relies on the status quo largely.
I find monetary issues/economics all smoke and mirrors and often difficult to get your head around, but I always come back to the fact that those with money have more power, those with money inherently want to protect and grow it (they don't tend to settle it's a quest for more) and so while it sounds a bit illuminati and tin foil I think the market etc will largely be a haven regardless.
Solid gold is a good thing to invest in now and until a recovery is well underway. From 2008-2011, if its any guide, gold doubled in value. Given the choice, I'd trust solid as opposed to paper futures when there's an unprecedented crash scenario such as the trainwreck slowly pulling into the station now...Mints have been closed for the durations of lockdowns though, so I don't know what choice there may be now.
Edited by Petrolism on Tuesday 5th May 17:56
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