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2011 the year for buying gold
- Thread starter Bert365
- Start date
Tricky Dicky
New member
It's a claim I have heard many, many times over the years and have yet to hear if it ever pans out. I think you have to really know what you're doing to invest in something like that - or use money you can afford to lose just on a punt.
I'm lucky in that I work at one of the old gentlemens clubs in london. We have 1.2m worth of wine on the balance sheet.
We just sold some wine that we bought for 45k 4 years ago for £130,000. Obviously the advantage we have is that some of the members come from the large wine importers but it's an investment that is starting to be pushed by tax advisors.
We just sold some wine that we bought for 45k 4 years ago for £130,000. Obviously the advantage we have is that some of the members come from the large wine importers but it's an investment that is starting to be pushed by tax advisors.
sydney
tinky ****in winky
1994 was a good year for buying gold.......you would have had a 350% appreciation by now, good luck .
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,499
theres a saying in financial markets that once the man in the street is interested in buying, its the peak and time to sell. so its an interesting question to raise on a footbal forum.
readingstockport
New member
You'll probably be better off buying shares in gold mines if that's what you're into.
Uncle C
Well-known member
Agreed.
There are several reasons why gold can be a difficult investment
1. Holding physical gold is risky
2. Storing gold in a bank etc incurs an overhead with insurance. This makes the % return on gold investments less attractive.
3. Good rises have been made to date but there is no guarantee it will continue. Normally when the masses wade in, its time to get out.
4. Gold markets can crash very fast. Rapidly disposing of your physical assets can be very difficult and you will probably miss the boat.
5. Places that sell you gold and retain it for you (giving you just a piece of paper) are running glorified Ponzi schemes.
If we're talking about it, on NSC, it probably too late.
Uncle C
Well-known member
Point 3
Sorry Unc if it's not in bold I can't focus on it, today.
Have got quite a bit of gold in both my SIPP and 'get rich slowly'portfolio.....held via the Blackrock Gold and General Fund,which invests in gold miners.Has done very well over the last year or two and I am holding on to my investment for the time being.
As for the 'experts' some say gold is in a bubble that is soon to burst whilst others say hold onto your gold during these financially uncertain times as it will go higher.
As always you pays yer money and takes your choice!
As for the 'experts' some say gold is in a bubble that is soon to burst whilst others say hold onto your gold during these financially uncertain times as it will go higher.
As always you pays yer money and takes your choice!
Chicken Runner61
We stand where we want!
- May 20, 2007
- 4,609
If anyone wants a link to a good site that avoids a lot of the problems uncle c raises pm me!
I think gold has still a way to go yet 25% this year
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,499
as it has done so or thereabouts for the past 5 years on average, over ~300% price rise in since 2005. i'm often thinking of investing gold, but it looks alot like a bubble to me: previous 25 years price stuck to a $300-$450 range.
Guy Fawkes
The voice of treason
- Sep 29, 2007
- 8,255
A few years ago when prices were low (like when Brown sold off some of our reserves) i'd have agreed, however when there is a risk of or even a recession / down turn, thats when people start to invest in gold - now however is probably a bit late and if there are to be price rises, they won't be as big as they may have been if brought a few years ago
Beach Hut
Brighton Bhuna Boy
Balderdash, all the smart money will be invested in Private Seat Licences at the Amex this year 
nail-Z
Well-known member
Balderdash, all the smart money will be invested in Private Seat Licences at the Amex this year
I put all my money in Pipex about 3 years ago. Just sitting back and waiting for cash to start rolling in.
Can anybody tell me the current share price? I can't seem to find it anywhere at the moment?
Beach Hut
Brighton Bhuna Boy
I put all my money in Pipex about 3 years ago. Just sitting back and waiting for cash to start rolling in.
Can anybody tell me the current share price? I can't seem to find it anywhere at the moment?
Not quoted and re-branded, still doing well though.........