Anyone else buying gold?

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knip said:
Last question and then I will shut up, the lower the carat the lower the purity then? So something thats 9 carat is a lot less pure (and therefore worth less) than something thats of a higher carat.
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Yes. I'd have thought being female you'd know more than I... but then again I am a Jewelers Grandson
 
As said, gold should be a long term investment and not viewed as a short term gain.

Hostorically, gold always shoots up in price during a recession as people perceive it a safe place to put their money.

As to whether gold is getting close to reaching it's peak is debatable. Certainly it would have been better to have bought gold 9 months ago or even a couple of months ago and as soon as the economy foursihes again, expect gold prices to plummet.

On a personal note I am glad I bought 10 Krugerrands for £300 each I am currently contemplating selling them as I am trying to guess when gold has reached it's peak.
 
Bought £25,000 of gold just after the banks collapsed and gold was low. I'm pretty happy now. I don't think Ill cash out for a few years.
 
I believe that the price is rising rapidly but I'm sure this is some sort of government scam.

Apparently Brown sold most of our gold years ago, as did most other countries. what he bought it return was Euro's.

This has to be Brown trying to get some gold back in to the government
 
Silver never reallys acts like a precious metal on the markets...

Whilst a flight to gold is common during a recession, on the recovery, gold and other precious metals will tend to fall as people look for better returns on their money. (Gold tends to be "safe", but doesn't typically give you a big rate of return).
 
Greebo said:
As said, gold should be a long term investment and not viewed as a short term gain.

Hostorically, gold always shoots up in price during a recession as people perceive it a safe place to put their money.

As to whether gold is getting close to reaching it's peak is debatable. Certainly it would have been better to have bought gold 9 months ago or even a couple of months ago and as soon as the economy foursihes again, expect gold prices to plummet.

On a personal note I am glad I bought 10 Krugerrands for £300 each I am currently contemplating selling them as I am trying to guess when gold has reached it's peak.
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did you buy the coins and then hang onto them or keep them in holding?
 
Gold is considered to be a great hedge against numerous types of risk including inflation, deflation, political risk or simply financial uncertainty. And in a time when governments are considering the highly precarious prospect of injecting liquidity into the financial market by simply printing more money, people are likely to invest in a commodity that they feel will hold its value.

Gold is unique in that it does not operate on traditional supply and demand fundamentals, with it being in over-supply for the past 20 years, and as long as interest rates remain low it will continue to outperform other commodities.

As with any investment there is a risk however. And personally I believe that that gold is certainly close to reaching its peak value. There has been speculation for a while that the IMF and central banks are going to be selling off their vast gold reserves and if this happens, it is sure to have a negative effect on prices. You can add this uncertainty to the fact that India, the largest consumer of gold in the world, is no longer buying the metal. Couple this with dwindling consumer jewellery sales and the outlook for gold does not look so rosy.

Tieing in with Knip looking at selling jewellery, a factor that is likely to have a negative impact on the price of gold is the sale of scrap gold in India and the Middle East. World scrap supply rose by 13% last year with record levels of recovery seen in Turkey and the United States. India, who is purchasing low levels of gold, has also begun recycling with a 6% scrap rate last year. It is important to note that 71% of gold demand comes from the Indian sub-continent, the Far East and the Middle East, where ongoing scrap sales represent a significant risk to the price of gold.

Presently the the rapid rise in investor demand is off-setting the negatives on the demand side, however it is plausible that gold could be heading for a significant drop in price.

History has shown that gold is certainly a shrewd investment in times of recession, however as we start to climb out of the trough, new investors should be aware that buying gold is not the safe bet that it was a year ago.

As for another crash sending the prices soaring even higher, i'd have to bet against it. I'd imagine that we're going to still see some fluctuations, but no drop like we saw after the Lehman collapse this time last year.
 
I've been thinking about it for the past 6 months... and I've heard so many people say any day now it's gonna break $1,000 per oz, then after that it's go go go all the way to $2,000

Having said that looking at it historically it does seem to have hit a plato...

http://www.goldprice.org/gold-price-history.html#1_year_gold_price

I don't know about gold I'm still not totally convinced... I guess if you believe that the economy is just propped up temporarily and we're due for a deeper recesion (double dip?) then it's a worth a punt. I'm just too damn indecisive, and inexperienced to judge.
 
Browncoat said:
Gold is considered to be a great hedge against numerous types of risk including inflation, deflation, political risk or simply financial uncertainty. And in a time when governments are considering the highly precarious prospect of injecting liquidity into the financial market by simply printing more money, people are likely to invest in a commodity that they feel will hold its value.

Gold is unique in that it does not operate on traditional supply and demand fundamentals, with it being in over-supply for the past 20 years, and as long as interest rates remain low it will continue to outperform other commodities.

As with any investment there is a risk however. And personally I believe that that gold is certainly close to reaching its peak value. There has been speculation for a while that the IMF and central banks are going to be selling off their vast gold reserves and if this happens, it is sure to have a negative effect on prices. You can add this uncertainty to the fact that India, the largest consumer of gold in the world, is no longer buying the metal. Couple this with dwindling consumer jewellery sales and the outlook for gold does not look so rosy.

Tieing in with Knip looking at selling jewellery, a factor that is likely to have a negative impact on the price of gold is the sale of scrap gold in India and the Middle East. World scrap supply rose by 13% last year with record levels of recovery seen in Turkey and the United States. India, who is purchasing low levels of gold, has also begun recycling with a 6% scrap rate last year. It is important to note that 71% of gold demand comes from the Indian sub-continent, the Far East and the Middle East, where ongoing scrap sales represent a significant risk to the price of gold.

Presently the the rapid rise in investor demand is off-setting the negatives on the demand side, however it is plausible that gold could be heading for a significant drop in price.

History has shown that gold is certainly a shrewd investment in times of recession, however as we start to climb out of the trough, new investors should be aware that buying gold is not the safe bet that it was a year ago.

As for another crash sending the prices soaring even higher, i'd have to bet against it. I'd imagine that we're going to still see some fluctuations, but no drop like we saw after the Lehman collapse this time last year.
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thank you, very useful info
 
When you start seeing adverts on TV, the general sheeple buying, you know it is time to get out.

Gold isn't going to double from here- no way José!
 
I was given some gold when I was 18 and 21. Since then I've bought a little more. No idea what it's worth now.

Really should take a look.
 
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