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stan Site Moderator Member Since: 13 Jul 2010 Location: a moderate moderated moderator moderating moderately in moderation Posts: 35217 |
as gold has fallen/falling in price ,are there any knowledgeable chaps on here that can advise whether to buy bars or coins for a long term investment..
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6th Jun 2014 10:14am |
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mzplcg Member Since: 26 May 2010 Location: Warwickshire. England. The Commonwealth. Posts: 4029 |
Stan, that is such a minefield as it depends on a great many other factors. I used to work in dealing rooms in the late 90's and found lots of it hard to understand even when in amongst it.
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6th Jun 2014 1:20pm |
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stan Site Moderator Member Since: 13 Jul 2010 Location: a moderate moderated moderator moderating moderately in moderation Posts: 35217 |
thanks dom..
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6th Jun 2014 2:00pm |
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stan Site Moderator Member Since: 13 Jul 2010 Location: a moderate moderated moderator moderating moderately in moderation Posts: 35217 |
thanks paul.i expect to pay a premium but when the price goes up [hopefully] in 5/10 years time ,this will cover that plus i hope to make a profit.. ... - .- -.
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6th Jun 2014 3:28pm |
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Cam-Tech-Craig Member Since: 03 Aug 2011 Location: Gloucestershire Posts: 16257 |
Stan, are bricks & mortar not making better returns than gold again now? Obviously dependant on your budget, but I believe deposits on buy to let's can be quite low... |
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7th Jun 2014 12:39am |
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Emperor Mong Member Since: 07 Jul 2010 Location: London Posts: 1435 |
You can buy gold ETFs (exchange traded funds) rather than gold bars. They buy gold on your behalf effectively. This means you don't need to worry about storing the gold yourself (which either has risks or significant costs). I think personally, this is what I would do rather than hold physical gold (YMMV). You may be able to pop one if these in an ISA.
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7th Jun 2014 6:34am |
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mole Member Since: 27 Oct 2008 Location: Tunbridge Wells Posts: 6 |
Be aware that there could be a Capital Gains Tax charge if you make money on gold (bullion or coins). If you buy UK products some are exempt from this.
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7th Jun 2014 7:17am |
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stan Site Moderator Member Since: 13 Jul 2010 Location: a moderate moderated moderator moderating moderately in moderation Posts: 35217 |
craig, its not a large investment so bricks and mortar is out and tbh i would never trust any etf company mr mong
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7th Jun 2014 8:57am |
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Cam-Tech-Craig Member Since: 03 Aug 2011 Location: Gloucestershire Posts: 16257 |
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7th Jun 2014 9:29am |
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KurtVerbose Member Since: 08 Aug 2010 Location: Les Arses Posts: 5848 |
Stan - the new Goldfinger.
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7th Jun 2014 10:06am |
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stan Site Moderator Member Since: 13 Jul 2010 Location: a moderate moderated moderator moderating moderately in moderation Posts: 35217 |
'goldfinger nail' more like david, i aint got that much money... ... - .- -.
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7th Jun 2014 2:55pm |
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KurtVerbose Member Since: 08 Aug 2010 Location: Les Arses Posts: 5848 |
Good, I don't want my testicles lasered. |
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7th Jun 2014 3:55pm |
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stan Site Moderator Member Since: 13 Jul 2010 Location: a moderate moderated moderator moderating moderately in moderation Posts: 35217 |
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7th Jun 2014 4:39pm |
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Robert Member Since: 25 Oct 2011 Location: Perigueux Posts: 2287 |
Stan, investing 50k in gold will not bring you what 50k in a classic or vintage car will bring you in short term. China has been buying enormous amounts of physical gold for two years now, goldmines are closing down because of the lack of profitability but the market demand is still strong. The high end advisors have predicted a big price raise at the end of the year. But they also predicted a breakdown of the euro last april. Successful youngsters in Germany, Holland, India and China have been buying large amounts of physical gold, but the price is down. .?? It means the price is artificially kept low, maybe to give the local governments the possibility to buy and to give the US the chance to buy back the gold they had in their safes for foreign governments. The US does not have that gold anymore and States like Germany, France ,Holland, the UK have demanded to return their gold in to their own safes. The US have an arrangement now with Germany to return it over a period of 10 years. They are negotiating the same kind of contracts with other countries. So somewhere in the future the price should rocket, but I would not bet on one horse and I would compare prices in different countries. Unicorn goldbars are cheaper F.E. in Holland as in France and they deliver at your door. Whatever you do do not buy gold on paper, buy physical gold for your own safe or for under your bed..
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7th Jun 2014 5:30pm |
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