Gold?

[WhoreLex]

Got 3k sitting around, was wondering if its worth investing in gold now?

[chrisgtx]

I don't think theres any left in this country,since Gordon sold all our reserves a couple of years ago when the price was at its lowest

[WhoreLex]

right useful that thanks.....

Anyone with a more constructive posts?

[johnfm]

surely now is a good time to put it in a FTSE tracking fund? The FTSE is approaching what may be a low, so if you are in it for the long haul, I expect you will get a decent chunk of allocation.

[g4ry13]

It's not worth investing in gold. It's not worth investing in ftse. How long are you willing to invest for? Patience is key.

[V8mate]

g4ry13 said:

Patience is key.

What are you suggesting people wait patiently for?

[g4ry13]

V8mate said:

g4ry13 said:

Patience is key.

What are you suggesting people wait patiently for?

The bottom obviously - or at least a sign of it, which we're far from in my opinion.

Edited by g4ry13 on Friday 3rd October 18:55

[fido]

I'd stick it in Tescos, Energy Companies, and anything that Warren Buffet is buying.

[shadowninja]

Bit late for gold... by about 13 months. Would be waiting for some indication of a turnaround before investing long term.

[NoelWatson]

g4ry13 said:

V8mate said:

g4ry13 said:

Patience is key.

What are you suggesting people wait patiently for?

The bottom obviously - or at least a sign of it, which we're far from in my opinion.

Edited by g4ry13 on Friday 3rd October 18:55

FTSE is yielding >5%. I'm happy with that

[g4ry13]

NoelWatson said:

g4ry13 said:

V8mate said:

g4ry13 said:

Patience is key.

What are you suggesting people wait patiently for?

The bottom obviously - or at least a sign of it, which we're far from in my opinion.

Edited by g4ry13 on Friday 3rd October 18:55

FTSE is yielding >5%. I'm happy with that

>5% how do you mean? 5% a day/week/month/year? Since the beginning of the year? (If so I fail to see how unless you're going short). Either way, i'd be far from happy with 5% PA.

Edited by g4ry13 on Saturday 4th October 12:50

[NoelWatson]

g4ry13 said:

NoelWatson said:

g4ry13 said:

V8mate said:

g4ry13 said:

Patience is key.

What are you suggesting people wait patiently for?

The bottom obviously - or at least a sign of it, which we're far from in my opinion.

Edited by g4ry13 on Friday 3rd October 18:55

FTSE is yielding >5%. I'm happy with that

>5% how do you mean? 5% a day/week/month/year? Since the beginning of the year? (If so I fail to see how unless you're going short). Either way, i'd be far from happy with 5% PA.

Edited by g4ry13 on Saturday 4th October 12:50

Year

[g4ry13]

NoelWatson said:

g4ry13 said:

NoelWatson said:

g4ry13 said:

V8mate said:

g4ry13 said:

Patience is key.

What are you suggesting people wait patiently for?

The bottom obviously - or at least a sign of it, which we're far from in my opinion.

Edited by g4ry13 on Friday 3rd October 18:55

FTSE is yielding >5%. I'm happy with that

>5% how do you mean? 5% a day/week/month/year? Since the beginning of the year? (If so I fail to see how unless you're going short). Either way, i'd be far from happy with 5% PA.

Edited by g4ry13 on Saturday 4th October 12:50

Year

You're not getting >5% this year if you invested on January 1st.

[NoelWatson]

g4ry13 said:

NoelWatson said:

g4ry13 said:

NoelWatson said:

g4ry13 said:

V8mate said:

g4ry13 said:

Patience is key.

What are you suggesting people wait patiently for?

The bottom obviously - or at least a sign of it, which we're far from in my opinion.

Edited by g4ry13 on Friday 3rd October 18:55

FTSE is yielding >5%. I'm happy with that

>5% how do you mean? 5% a day/week/month/year? Since the beginning of the year? (If so I fail to see how unless you're going short). Either way, i'd be far from happy with 5% PA.

Edited by g4ry13 on Saturday 4th October 12:50

Year

You're not getting >5% this year if you invested on January 1st.

I think FTSE was yielding around 4.5% at turn of year

[g4ry13]

NoelWatson said:

I think FTSE was yielding around 4.5% at turn of year

Well count yourself lucky if come December you even see a profit, let alone 4.5-5%. Even so, if you're aiming that low why not just stick it in a savings account for 6% PA - at least it's risk free (or was before all these banks started failing/getting taken over )

[NoelWatson]

g4ry13 said:

NoelWatson said:

I think FTSE was yielding around 4.5% at turn of year

Well count yourself lucky if come December you even see a profit, let alone 4.5-5%. Even so, if you're aiming that low why not just stick it in a savings account for 6% PA - at least it's risk free (or was before all these banks started failing/getting taken over )

I am happy to take risk in the hope that, long term, I will outperform cash. When boring blue chips such as BP are yielding 5.5%, to me that is a good buy.