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Gold

The price of gold has risen from US$ 256 to US$ 1473 an ounce in the last 10 years.
It is tipped to continue with a 50% gain in the next 3 years.

I'm expecting a no to this, but does anyone invest in gold as opposed to banks, b socs and shares ?

If anyone does what do you do ?

I mean you can't exactly have £50K of gold tucked under your bed can you ?

Ps I'm off out now for a beer, so continue your thoughts, if any, in my absence. Thanks
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Comments

  • You're indestructible, always believe in, cause you are:

    GOLD
  • Two Sheds?
  • Half my actively-traded shares are in a gold miner from the Phillipines (Medusa). Has risen just under 100% since I got in last year. Also have small interests in a couple of other gold miners, as well as silver, tin and nickel. Anyone who tells you the gold 'bubble' will burst soon is an idiot. The Eurozone economies are utterly ruined, and the yanks are desperately trying to stave off the inevitable collapse of their economy. Sooner or later they'll have to start a big ol' war somewhere to 'stimulate' their economy. When that happens, gold will absolutely rocket. A price of $2200 in the next two years isn't beyond the realms of possibility - if the neo-cons get in power and start carpet-bombing the shit out of the Middle East it will be considerably North of that.

    All that said, investing in physical gold is a bit tricky for the smaller investor. If you want to buy bars, there's a mark-up to the seller that is pretty hefty at the smaller amounts. Buying coins (sovereigns, krugerrands etc) is also fraught with difficulty. The best way to go to invest in physical gold may be the specialised gold funds - check this link out.
  • [cite]Posted By: WSS[/cite]Two Sheds?


    Jr
  • You want to buy something called an Exchange Traded Fund ("ETF"), which you can do through a stockbroker (possibly your bank, not sure). You can set up an on-line account with various stockbrokers (eg TD Waterhouse) fairly easily and their dealing charges are reasonably cheap. They wil be set out on their website.
    There are loads of different ETFs but what you want is the ETF Physical Gold. You don't take delivery of anything. What you buy is effectively a "share" (you don't get a share certificate these days as its all electronic) but it is backed by real gold, physically held by HSBC (I think it is).
    Take a look at www.etfsecurities.com
  • I stay away from exchange traded funds.Always insist on physical delivery. this is mostly in an effort to crash JP Morgan (part of viral campaign-see Google) who are exposed in silver futures markets and will need to buy up more than they can afford and then the price is expected to soar. All precious metals rising in value while oil high and markets brittle. Bigger worse things to come, so yes, prices will keep rising. Fiat currencies (not backed by gold or any other standard, e.g GBP, and US$, are seriously screwed according to one school of thought. An investment in real currency (i.e. Gold) is way to go if you have spare cash. Smaller mark-ups than silver, on which you have to pay VAT. I use ukbullion.co.uk. Treat is as long term, and don't get caught up watching prices on an hour-to hour basis - very stressful and time consuming!
  • [cite]Posted By: Leroy Ambrose[/cite]Half my actively-traded shares are in a gold miner from the Phillipines (Medusa). Has risen just under 100% since I got in last year. Also have small interests in a couple of other gold miners, as well as silver, tin and nickel. Anyone who tells you the gold 'bubble' will burst soon is an idiot. The Eurozone economies are utterly ruined, and the yanks are desperately trying to stave off the inevitable collapse of their economy. Sooner or later they'll have to start a big ol' war somewhere to 'stimulate' their economy. When that happens, gold will absolutely rocket. A price of $2200 in the next two years isn't beyond the realms of possibility - if the neo-cons get in power and start carpet-bombing the shit out of the Middle East it will be considerably North of that.

    All that said, investing in physical gold is a bit tricky for the smaller investor. If you want to buy bars, there's a mark-up to the seller that is pretty hefty at the smaller amounts. Buying coins (sovereigns, krugerrands etc) is also fraught with difficulty. The best way to go to invest in physical gold may be the specialised gold funds - checkthislink out.

    A big old war you say. Is there anywhere left in the world that the yanks are not at war with?
  • Try these people. You can get a share in good delivery gold at wholesale rates.

    Bullionvault.com
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  • I get my gold here. It's a great investment.
  • Contact my mate:

    two_sheds@loveandpeace.com

    Or catch Mick Roberts in the Royal Oak
  • does anyone know somewhere I can flog a gold/diamond ring, and get a decent price? And not one of these dodgey envelope things or pawn broker? :)

     

    ta

  • I thought this was going to be about Spandau Ballet.
  • allways believe in...

    image

  • spotted a place in welling high street, you lot aren't much use are ya...

     

    ;)

  • There's also a place at Bexleyheath.
  • I take my scrap bits down to Hatton Garden. You will get the real scrap prices there. But its worth remembering 9 carat is only 3/8 and  18 3/4 gold and so on, really  you're only getting a fraction of the gold price.

    Platinum was very good a couple of years back, £2000/ ounce at one stage... happy days with scrap

  • anywhere in particular in hatton garden or just hawk to a few shops and see who's the better offer?
  • The price of gold has risen from US$ 256 to US$ 1473 an ounce in the last 10 years.
    It is tipped to continue with a 50% gain in the next 3 years.

    I'm expecting a no to this, but does anyone invest in gold as opposed to banks, b socs and shares ?

    If anyone does what do you do ?

    I mean you can't exactly have £50K of gold tucked under your bed can you ?

    Ps I'm off out now for a beer, so continue your thoughts, if any, in my absence. Thanks

    Half my actively-traded shares are in a gold miner from the Phillipines (Medusa). Has risen just under 100% since I got in last year. Also have small interests in a couple of other gold miners, as well as silver, tin and nickel. Anyone who tells you the gold 'bubble' will burst soon is an idiot. The Eurozone economies are utterly ruined, and the yanks are desperately trying to stave off the inevitable collapse of their economy. Sooner or later they'll have to start a big ol' war somewhere to 'stimulate' their economy. When that happens, gold will absolutely rocket. A price of $2200 in the next two years isn't beyond the realms of possibility - if the neo-cons get in power and start carpet-bombing the shit out of the Middle East it will be considerably North of that.

    All that said, investing in physical gold is a bit tricky for the smaller investor. If you want to buy bars, there's a mark-up to the seller that is pretty hefty at the smaller amounts. Buying coins (sovereigns, krugerrands etc) is also fraught with difficulty. The best way to go to invest in physical gold may be the specialised gold funds - check this link out.

    So, 2 years ago when I started this thread gold was US$ 1473 an ounce.
    It peaked at @ $1781 & today it's down to $1403. Lower than when I originally asked.

    Leroy have you still got Medusa ?
    You possibly bought at 279 & when I asked they were 531. Now they're 199.

    http://www.bullionbypost.co.uk/gold-price/3year/ounces/USD/
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  • Covered End, I vaguely remember seeing something about the price of gold (and the other precious metals?) collapsing the other day. Any idea what's caused that?
  • Problem with any type of investment is that analysts imagine a bull market will last forever. It's going to tank over the next year and will probably go up after that, but it's all ifs and buts.
  • edited April 2013
    Gold tumbled to its lowest level in 2 years after weak Chinese Growth stoked fresh fears about the global economy.
    Mind you their growth was 7.7% in the first 3 months of 2013 :-).
    It dropped 8% $113 per ounce on Monday. It was its biggest daily fall in dollar terms.
    Luckily I decided not to buy, as I guessed rightly that the bull run wouldn't go on too much longer. Although of course it's all educated guesswork.
    Prices of oil, silver,copper & aluminium also dropped.
  • did you sell instead then?
  • I never had any to sell.
  • From FTAlphaville - April 10th

    Last week it was SocGen that declared the gold era was over. Now the precious metals team at Goldman is taking a similar view.

    This is from their latest commodity research note:

    Turn in gold prices accelerating; closing our long gold position
    Given gold’s recent lackluster price action and our economists’ expectation that the acceleration in US growth later this year to above-trend pace will support US real rates, we are lowering our USD-denominated gold price forecast once again. Our new forecast is further below the forward curve with year-end targets of $1,450/toz in 2013 and $1,270/toz in 2014. As a result, we recommend closing the long COMEX gold position that we first initiated on October 11, 2010 for a potential gain of $219/toz, with the risk reversal overlay expired on March 25. Our long-term gold price forecast (2017+) remains at $1,200/toz: while higher inflation may be the catalyst for the next gold cycle, this is likely several years away.

    Initiating a short COMEX gold position as our ECS Top Trade #8
    While there are risks for modest near-term upside to gold prices should US growth continue to slow down, we see risks to current prices as skewed to the downside as we move through 2013. In fact, should our expectation for lower gold prices continue to prove correct, the fall in prices could end up being faster and larger than our forecast, as aggregate speculative net long positions across COMEX futures and gold ETFs remain near record highs. We therefore recommend initiating a short COMEX gold position as our ECS Top Trade #8, implemented through an S&P GSCI® front-month rolling index to further benefit from the contango in the COMEX future curve, targeting a move to $1,450/toz with a stop at $1,650/toz. While we may be end up too early in entering this trade, we prefer that to being late given our belief that the skew to current prices is to the downside.

    The other interesting thing they note, is that despite the resurgence in euro area risk aversion, it’s pretty notable (if not remarkable) that gold prices have remained unchanged over that period, something which is pretty visible on the ETF level.

    Indeed ETF gold holdings continue to decline quickly.
  • edited April 2013

    The price of gold has risen from US$ 256 to US$ 1473 an ounce in the last 10 years.
    It is tipped to continue with a 50% gain in the next 3 years.

    I'm expecting a no to this, but does anyone invest in gold as opposed to banks, b socs and shares ?

    If anyone does what do you do ?

    I mean you can't exactly have £50K of gold tucked under your bed can you ?

    Ps I'm off out now for a beer, so continue your thoughts, if any, in my absence. Thanks

    Half my actively-traded shares are in a gold miner from the Phillipines (Medusa). Has risen just under 100% since I got in last year. Also have small interests in a couple of other gold miners, as well as silver, tin and nickel. Anyone who tells you the gold 'bubble' will burst soon is an idiot. The Eurozone economies are utterly ruined, and the yanks are desperately trying to stave off the inevitable collapse of their economy. Sooner or later they'll have to start a big ol' war somewhere to 'stimulate' their economy. When that happens, gold will absolutely rocket. A price of $2200 in the next two years isn't beyond the realms of possibility - if the neo-cons get in power and start carpet-bombing the shit out of the Middle East it will be considerably North of that.

    All that said, investing in physical gold is a bit tricky for the smaller investor. If you want to buy bars, there's a mark-up to the seller that is pretty hefty at the smaller amounts. Buying coins (sovereigns, krugerrands etc) is also fraught with difficulty. The best way to go to invest in physical gold may be the specialised gold funds - check this link out.

    So, 2 years ago when I started this thread gold was US$ 1473 an ounce.
    It peaked at @ $1781 & today it's down to $1403. Lower than when I originally asked.

    Leroy have you still got Medusa ?
    You possibly bought at 279 & when I asked they were 531. Now they're 199.

    http://www.bullionbypost.co.uk/gold-price/3year/ounces/USD/
    I've still got a position in MML, but have averaged down over the past few months. Still made a lot of money out of them. Their fundamentals are still good (they dig it out of the ground so cheap that even with the overdue price correction, they're still way ahead of the curve. Oversold at the minute, once the furore dies down they'll get back up to the price I want to get out completely at (around 260). It'll take a while for that - but when it happens I'll be out at 85% profit overall.

    Of course, fundamentally - nothing has changed. The economy is still fucked, and one big capitulation in a eurozone economy will send the house of cards tumbling (and the POG rising) once again.
  • The price of gold has risen from US$ 256 to US$ 1473 an ounce in the last 10 years.
    It is tipped to continue with a 50% gain in the next 3 years.

    I'm expecting a no to this, but does anyone invest in gold as opposed to banks, b socs and shares ?

    If anyone does what do you do ?

    I mean you can't exactly have £50K of gold tucked under your bed can you ?

    Ps I'm off out now for a beer, so continue your thoughts, if any, in my absence. Thanks

    Half my actively-traded shares are in a gold miner from the Phillipines (Medusa). Has risen just under 100% since I got in last year. Also have small interests in a couple of other gold miners, as well as silver, tin and nickel. Anyone who tells you the gold 'bubble' will burst soon is an idiot. The Eurozone economies are utterly ruined, and the yanks are desperately trying to stave off the inevitable collapse of their economy. Sooner or later they'll have to start a big ol' war somewhere to 'stimulate' their economy. When that happens, gold will absolutely rocket. A price of $2200 in the next two years isn't beyond the realms of possibility - if the neo-cons get in power and start carpet-bombing the shit out of the Middle East it will be considerably North of that.

    All that said, investing in physical gold is a bit tricky for the smaller investor. If you want to buy bars, there's a mark-up to the seller that is pretty hefty at the smaller amounts. Buying coins (sovereigns, krugerrands etc) is also fraught with difficulty. The best way to go to invest in physical gold may be the specialised gold funds - check this link out.

    So, 2 years ago when I started this thread gold was US$ 1473 an ounce.
    It peaked at @ $1781 & today it's down to $1403. Lower than when I originally asked.

    Leroy have you still got Medusa ?
    You possibly bought at 279 & when I asked they were 531. Now they're 199.

    http://www.bullionbypost.co.uk/gold-price/3year/ounces/USD/
    I've still got a position in MML, but have averaged down over the past few months. Still made a lot of money out of them. Their fundamentals are still good (they dig it out of the ground so cheap that even with the overdue price correction, they're still way ahead of the curve. Oversold at the minute, once the furore dies down they'll get back up to the price I want to get out completely at (around 260). It'll take a while for that - but when it happens I'll be out at 85% profit overall.

    Of course, fundamentally - nothing has changed. The economy is still fucked, and one big capitulation in a eurozone economy will send the house of cards tumbling (and the POG rising) once again.
    Are you going to buy Charlton when you clear this position? Wouldn't mind Messi, Suarez and Neymar as a front three.
  • LMFAO. If I told you some of the other shares I'm in and have taken a bath on, it would make your toes curl. Medusa has been kind to me. Some others are long, long punts that may come off - or may come to absolutely nothing (literally nothing, in a couple of cases). Others still are really slow to gather momentum - and I often miss the boat on averaging out at peaks because I don't have the time to sit there all day every day and trade.
  • So China has to be growing at an enormous rate for the world to be safe - madness
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