Anyone else buying gold?

Direct2DriveUK · 4 Sep 2009 at 13:02

I have been thinking of buying gold too, but also am concerned with the sideways movement. Is 2k too little to invest for it to be worthwhile?

Yamahahahahaha · 4 Sep 2009 at 13:18

If the 'common person' is looking at investing in something, you know it's time to get out.

If it was such a good deal to be buying into, why would those people be sharing the information?

mcast123 · 4 Sep 2009 at 13:34

Morgoth said:
www.ige.com

I spat my coffee onto the screen

Deleted member 651465 · 4 Sep 2009 at 13:41

I keep mine around my neck.. safest place really

_Jimlad_ · 4 Sep 2009 at 14:32

Bes said:
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 would agree, but then again no one said it would double from £300 for a coin and now it's at £650... if the goverments start printing more money or throwing money into the system people will again turn to gold, which will push the price up. I do agree but part of me thinks it might just keep going up

agnes · 4 Sep 2009 at 14:36

Sorry, maximum online order value is £7,500, please call us on 020 7283 7752 to continue

WHAT? Bah, rang through and it was nothing but automated...

~>Dg<~ · 4 Sep 2009 at 14:37

nah i think it will level out very soon. been closly linked with gold and metals all my life. i would be selling now not buying.

silver waste of time.

Browncoat · 4 Sep 2009 at 14:45

It's a possibility, but you have to be objective of the fact that its value could very well decrease. It's human nature to want a piece of the action when you hear stories of people around you making large returns. It's that urge that makes seemingly rational people invest in things like Pyramid schemes. If I had to invest money now, now that we are slowly clawing our way out of the recession, I would be looking at other commodities to invest in as their values increase as the economy gets back on track.

Note I'm not comaring the risk of investing in gold with investing in a Pyramid scheme! (Unless you're the one starting it!)

_Jimlad_ · 4 Sep 2009 at 15:07

i agree and think i missed the boat, i had been watching the price of gold for a few months and have seen a steady rise, but also need to hold my hand up and say i should have moved quicker.

jas72 · 4 Sep 2009 at 15:32

_Jimlad_ said:
putting ideas in people heads! "lets rob a house and send the gold of in the post for cash"

Hmm I hadn't actually thought of that. Good point.

jas72 · 4 Sep 2009 at 15:35

prince said:
wheres the best place to buy gold??

H. Samuel.

jas72 · 4 Sep 2009 at 15:37

Browncoat said:
It's a possibility, but you have to be objective of the fact that its value could very well decrease. It's human nature to want a piece of the action when you hear stories of people around you making large returns. It's that urge that makes seemingly rational people invest in things like Pyramid schemes. If I had to invest money now, now that we are slowly clawing our way out of the recession, I would be looking at other commodities to invest in as their values increase as the economy gets back on track.

Note I'm not comaring the risk of investing in gold with investing in a Pyramid scheme! (Unless you're the one starting it!)

liquid gold.

Price of petrol has went from 1.07 to 1.41 here in belgium over the summer.

daz · 4 Sep 2009 at 15:43

Kazakhmys and all the other mining companies will probably be on the up as demand for raw materials ramps up, but they will only grow so long as the price of oil doesn't impede their operations (as it started to do a year ago).

daz · 4 Sep 2009 at 16:16

Hmmmm http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=88452&sn=Detail
Chinese government pushing gold and silver investments to the general population

_Jimlad_ · 4 Sep 2009 at 16:42

the link on the first page is a good site, my friend has used them many a time, pick up from london or £8 posted in the Uk (up to 5k of gold)

mmj_uk · 4 Sep 2009 at 17:05

Well the experts are saying that the worst of the economic crisis is over, of course these are these are the same experts that only a few years ago were advising people to buy stocks in Lehman Brothers etc.

With governments printing money willy nilly and prices soaring I don't think investing in gold is a bad decision, it's certainly better than having the money sittting in the bank becoming devalued.

norm · 4 Sep 2009 at 17:12

Thing is once the economy starts to recover and all these investors want to cash in and sell their gold, the prices will drop due to over supply.

_Jimlad_ · 4 Sep 2009 at 19:19

norm said:
Thing is once the economy starts to recover and all these investors want to cash in and sell their gold, the prices will drop due to over supply.

indeed, but it depends if the governments keep chucking money into the system then gold does look a safe bet

clv101 · 4 Sep 2009 at 20:20

The are arguments for and against holding gold... no one knows for sure what'll happen. I tend to hold around 5% of my total wealth in gold. It's always a good idea to be diversified.

Heliospherez · 5 Sep 2009 at 12:02

If you want precious metals.....try

Rhodium (£10,000 a year ago - now $760 and rising) Palladium or Osmium.
Gold has had it's day & is pretty chavvy compared to other rare earth metals which tend to shine a lot better ..

And all of the above will be getting important as we more heavily depend on everything electronic (semiconductors etc) - whereas gold is past it's saturation point.... and as stated above - it's now time for the generations to start trading it in or melting their own family heirlooms down for trendier designer rings.

Anyone else buying gold?

Deleted member 651465

Deleted member 651465