A question for you guys more in the know on this subject. Having looked at the online gold buying websites, it seems that when you factor in the varying commission you pay these sites for buying and then when you sell back to them, you need the raw price of gold to go up approx. 30% to be near a profit? is my maths at all correct? if not then i stand to be corrected, but i couldnt understand why you would wait for 30% increase before a profit?
‘I invested in gold three years ago and lost 70pc – should I sell?’ Both the bullion price and gold mining shares have racked up significant losses since 2011, so is it now time to sell? There are seven gold funds available to British investors, and on average they have lost 68pc over the past three years. An investor who ploughed £10,000 into one of these funds three years ago will today find that their investment has shrunk to just £3,200.
Glad I never bought any gold. I was recommended to do so, but declined, as I thought the market was possibly already at the top end. I was right. Phew.
What about actual gold rather than shares, if you have gold jewellery that you bought as an investment rather than sentiment is now the time to sell or do you hold onto it in the hope that it rises in value again?
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‘I invested in gold three years ago and lost 70pc – should I sell?’
Both the bullion price and gold mining shares have racked up significant losses since 2011, so is it now time to sell?
There are seven gold funds available to British investors, and on average they have lost 68pc over the past three years. An investor who ploughed £10,000 into one of these funds three years ago will today find that their investment has shrunk to just £3,200.
forum.charltonlife.com/discussion/46915/help-needed-on-investment/p1
I wonder what Eaststandpeter is up to now?