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Started by Peacock on Jan 21, 2019 10:50:43 AM
Buying Gold

does anyone buy and sell gold? I'm thinking of buying some as an investment and as a gift for a 21 year old.

I found this link but cannot decide whether its good advice or not.

https://nomadcapitalist.com/2017/11/13/tips-for-buying-gold/

Thanks for any advice...

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cozzer - 21 Jan 2019 12:10:36 (#1 of 26)

I've just found this gold ring on the floor. It must be worth at least 100 Euros. Give me that, and you can have it.

TinyMcOtter - 21 Jan 2019 12:19:13 (#2 of 26)

Something something gold ring something something.

thisonehasalittlehat - 21 Jan 2019 12:20:25 (#3 of 26)

I'm of the view that the commission one would pay on the sort of transactions ordinary individuals are likely to make would render the whole enterprise pointless.

TRaney - 21 Jan 2019 12:23:08 (#4 of 26)

I'm thinking of buying some as an investment

How do you see it as an investment?

mingmong - 21 Jan 2019 12:23:57 (#5 of 26)

Buying shares in gold mining companies (e.g. ACA.L) is one way of getting the bearish benefits of the yellow stuff without getting saddled with the income-less metal itself

TinyMcOtter - 21 Jan 2019 12:24:26 (#6 of 26)

I’ve got some gold bricks going cheap. Slight seconds*, but in good shape.













* They’re not gold, but they are bricks.

Winner - 21 Jan 2019 12:26:37 (#7 of 26)

Youre much better off investing in property, mate. If you can't stretch to a house or flat off the bat, have a look around for a garage or a lockup for sale and start there.

BenSawbridg - 21 Jan 2019 12:27:41 (#8 of 26)

Winning views, there.

Gotout - 21 Jan 2019 12:32:59 (#9 of 26)

Gold holdings surely rely on there being someone around who is prepared to buy it from you for more than you paid for it?

BenSawbridg - 21 Jan 2019 12:42:19 (#10 of 26)

Well, you could make a pretty brooch or a model pterodactyl.

Peacock - 21 Jan 2019 13:18:23 (#11 of 26)

Tranney, not exactly an investment, more like a safe haven for cash.

TRaney - 21 Jan 2019 13:23:20 (#12 of 26)

Tranney, not exactly an investment, more like a safe haven for cash.

Safe haven from what?

levelgaze - 21 Jan 2019 13:24:01 (#13 of 26)

Corbyn.

levelgaze - 21 Jan 2019 13:24:08 (#14 of 26)

Brexit.

levelgaze - 21 Jan 2019 13:24:19 (#15 of 26)

My work here is done.

machiavelli - 21 Jan 2019 13:24:24 (#16 of 26)

Safe haven from what?

Rampant inflation consequent on some economic shock, but we can't be anywhere near one of those.

TRaney - 21 Jan 2019 13:27:15 (#17 of 26)

Well that last one caused rampant deflation

InternationalVicar - 21 Jan 2019 13:37:30 (#18 of 26)

Buy it as a store of value independent of shares, inflation and currency movements.

Depends on hundreds of millions of ex-peasants doing the same.

50:50 whether price will be higher or lower when sold, so with fees, spread, markup and opportunity cost you will probably lose money.

Buy sovereigns or kruggerands as a tangible gift, or if you are planning to skip the country, or maybe you can swap it for a sandwich in prison.

Buy ETF physical gold for cost effective holding without risk of loss or theft.

Not an investment.

Peacock - 21 Jan 2019 13:49:26 (#19 of 26)

thanks Vicar

TRaney - 03 Feb 2019 17:42:38 (#20 of 26)

https://www.bloomberg.com/news/articles/2019-01-31/gold-demand-up-amid-biggest-central-bank-buying-spree-in-decades

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