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Gold Investment - Yay or Nay















Mar 13, 2012
50
You can just hand them over tax man has no way to trace it

Nice idea but that's just fraud and no different from handing over the cash - It would still be a Potentially Exempt Transfer. ....to some degree of course gold is actually more traceable than cash because the physical asset will exist
 


Diablo

Well-known member
NSC Patreon
Sep 22, 2014
4,173
lewes
1970 approx £15oz now £960 and has been £1000. So brilliant long term but very Volatile short term.
 


LondonTown

New member
Mar 13, 2017
43
The big players who would want to invest in gold already have done because of the various scares in recent years, so I can't see it's value rising significantly in the near future. I think it is more likely to fall in the short term. The US dollar is no longer backed by gold. You can no longer redeem your dollars in gold as you could, technically speaking, in the 70s

Cryptocurrencies are the best bet, but the likes of BitCoin get a bad rap. There are other options like OneCoin which is more stable and transparent.

I would research the cryptocurrency options if I were you.
 




warmleyseagull

Well-known member
Apr 17, 2011
4,201
Beaminster, Dorset
There are as many views on gold as people who spout them. The naysayers point out that gold pays no dividends, interest etc, yields zero and always will be; that it is volatile, it is a useless metal (unlike silver) and its basis as a store of underlying value has been undermined.

I take the alternative view: that gold is as close to the ultimate safe haven that you can get, that it has a habit of being counter cyclical, and that anyone with a decent savings portfolio should have some gold in it.

There are also the real doomsayers like James Rickards who foresee a dollar collapse. Rickards recommends 10% of savings in gold; he has tipped its price recently: http://www.silverdoctors.com/gold/g...sive-turn-around-next-stop-is-1300-or-higher/. I have seen forecasts of gold hitting $5000 an ounce.
 


Papa Lazarou

Living in a De Zerbi wonderland
Jul 7, 2003
18,840
Worthing
Premium Bonds?
(I am joking. I know they're not all that)
 


beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,265
Premium Bonds?
(I am joking. I know they're not all that)

dont joke, they're like buying a bunch of lottery tickets every month without spending the money.
 




Mar 12, 2008
180
If you want some gold exposure perhaps avoid physical gold and the associated costs. A gold ETF tracks the price and trades daily like a share, so much more liquid. You can get out when you want.

That said, on a standalone basis why would you want to buy gold? You may as well head down the casino. Gold is fine as part of a diversified portfolio, which would include cash, fixed income (bonds), equities (shares), alternatives and property. On it's own, it's just a punt.

Gold is a very volatile asset class and a lot of historic asset class correlations have broken down since the financial crisis. History tells us that gold tends to do well under certain economic conditions but the global economy is distorted. Central banks are desperate to raise interest rates so they have some firepower for the next recession, but weak growth and inflation is preventing them from doing so. Debt levels are also higher than before 2008.

For what it's worth, the company I work for have just introduced some gold exposure into portfolios. Not because we like gold, but because we want some diversification for when the shit inevitably hits the fan!
 




Diablo

Well-known member
NSC Patreon
Sep 22, 2014
4,173
lewes
Been looking into sticking some savings somewhere long term and got looking at Gold coins, bars etc as an investment. Also signature gold by the Royal Mint looks an option.

Anyone on here dabbled in gold and have any good or bad advice. Obviously I am aware it is a risk like most things but does appeal to me.

Look at Malcolm Ellis coins Godalming.. He buys and sells Krugerands and Sovereigns and has a very tight buying/selling price.
 






Cheshire Cat

The most curious thing..
The big players who would want to invest in gold already have done because of the various scares in recent years, so I can't see it's value rising significantly in the near future. I think it is more likely to fall in the short term. The US dollar is no longer backed by gold. You can no longer redeem your dollars in gold as you could, technically speaking, in the 70s

Cryptocurrencies are the best bet, but the likes of BitCoin get a bad rap. There are other options like OneCoin which is more stable and transparent.

I would research the cryptocurrency options if I were you.
I wouldn't.

https://www.google.com/url?sa=t&sou...IEAs&usg=AOvVaw3ko99tEhULxLl4hni8ZycA&ampcf=1
 


Tom Hark Preston Park

Will Post For Cash
Jul 6, 2003
69,880
Cryptocurrencies are the best bet, but the likes of BitCoin get a bad rap. There are other options like OneCoin which is more stable and transparent.

I would research the cryptocurrency options if I were you.

:wozza:

I would take your own advice if I were you mate. Maybe start your research by googling 'OneCoin scam' :dunce:
 


Dick Head

⭐⭐⭐⭐⭐
Jan 3, 2010
13,612
Quaxxann
The big players who would want to invest in gold already have done because of the various scares in recent years, so I can't see it's value rising significantly in the near future. I think it is more likely to fall in the short term. The US dollar is no longer backed by gold. You can no longer redeem your dollars in gold as you could, technically speaking, in the 70s

Cryptocurrencies are the best bet, but the likes of BitCoin get a bad rap.
There are other options like OneCoin which is more stable and transparent.

I would research the cryptocurrency options if I were you.

Well, he did ask for good or bad advice.

Been looking into sticking some savings somewhere long term and got looking at Gold coins, bars etc as an investment. Also signature gold by the Royal Mint looks an option.

Anyone on here dabbled in gold and have any good or bad advice. Obviously I am aware it is a risk like most things but does appeal to me.
 





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