buying gold
- Thread starter psd99
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this^^^ there is little point buying the other coins unless you're just trying to collect them or something
Soldato
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I want some kgs of gold now. In a massive safe. With a couple of kgs of weed and coke, next to my new passport, 20k in cash and a Glock.
Dig for it?
Sweden is known as a possible gold finding area in Europe, failing that you can fall back on
South Africa, both a bit of a schlep on the off chance of finding some nuggets I’d think.
Don’t even think of trying Hatton Garden, those s.o.b.’s will rob you blind.
Nothing as I don't want you to come after me and find my bars.
Soldato
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Ah, shame. It's worth more on eBay!!
Soldato
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Got rid to buy what though, because sterling is constantly losing money. Everyone should have at least one sovereign because all the nonsense we otherwise hold as money when it doesnt hold value. Unless you are very rich this is how most should buy it and hold long term which means get 1% gold and keep your other value available for bills. Its no good buying gold and in one year you have to sell, I wont be surprised if the price is the same or lower; basically dont bother you will only lose on the spread!
In ten years it could easily be double imo
I buy gold by the gram sometimes and its at spot + % fees, I have a referral link if anyone wants to split the bonus. The company has a million customers, its a pretty good deal imo and they take all that crypto stuff.
Dont think anyone mentioned the other route which would be to hold a unit trust of gold miners. That is a leveraged risk, its not as much a hedge more speculative but also possibly more profitable and they do pay a dividend often. Depends on their margin over spot, its also possible their costs exceed the market price which is not good but oil isnt spiking right now so its a good market imo.
Look into margin expansion and its effects on share prices, that movement will put bitcoin in the shade one day should Federal reserve and similar be unable to contain inflation and I think that likely
In ten years it could easily be double imo
1kg is far too much. The price of gold has been falling since 2011 on and off and it pays no dividend and the insurance on that amount is a lot too. So as a % risk its all wrong, pay off the mortgage is sensible for most especially on a 20 year loan as that payment compounds and rates can be 10% one day.
I buy gold by the gram sometimes and its at spot + % fees, I have a referral link if anyone wants to split the bonus. The company has a million customers, its a pretty good deal imo and they take all that crypto stuff.
Dont think anyone mentioned the other route which would be to hold a unit trust of gold miners. That is a leveraged risk, its not as much a hedge more speculative but also possibly more profitable and they do pay a dividend often. Depends on their margin over spot, its also possible their costs exceed the market price which is not good but oil isnt spiking right now so its a good market imo.
Look into margin expansion and its effects on share prices, that movement will put bitcoin in the shade one day should Federal reserve and similar be unable to contain inflation and I think that likely
Soldato
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Shmoke and a pancake anyone?
with gold the question is what you want to do with it?
investment for trading or long term safe keeping in case of war?
depending the answer different solutions exist
Sold them at £850 per coin to help purchase property. Then about two years later the price of gold hit £1100. It is now at about £945.
Soldato
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Its supply and demand like every real market but right now we have long term demand. The reason is from emerging markets in those central banks are building up reserves. China is the worlds largest producer of gold, exports no gold and imports quite a lot. They are not completely open about building reserves but I have no doubt they will continue.
China is coming from a very a low point as a communist nation they did not store gold or back currency in this way. Contrast this to USA which is opposite formerly a strong gold standard to the present scenario you are all aware by now there is a continual deficit and debt failure
Russia has always kept gold reserves even as the USSR and are continually building reserves. They will be important for a while with such large energy reserves if no other reason. The real reasoning would be as a ratio to paper money produced, we have an imbalance with excessive production by governments in paper.
Gold ultimately does nothing, its inert I would not argue any other point but it does hold value in that static way and when paper money is produced in excess to GDP growth its very likely to be seen in a higher nominal gold price. Gold is for avoiding losses from loose money, if that need is rising as actions by Japan, USA and EU indicate yes then it'll appreciate
China is coming from a very a low point as a communist nation they did not store gold or back currency in this way. Contrast this to USA which is opposite formerly a strong gold standard to the present scenario you are all aware by now there is a continual deficit and debt failure
Russia has always kept gold reserves even as the USSR and are continually building reserves. They will be important for a while with such large energy reserves if no other reason. The real reasoning would be as a ratio to paper money produced, we have an imbalance with excessive production by governments in paper.
Gold ultimately does nothing, its inert I would not argue any other point but it does hold value in that static way and when paper money is produced in excess to GDP growth its very likely to be seen in a higher nominal gold price. Gold is for avoiding losses from loose money, if that need is rising as actions by Japan, USA and EU indicate yes then it'll appreciate
What confuses me is how gold has not appreciated vastly against USD or GBP for example given the large amount of QE over the past few years. It smells funny to me. Doesn't seem like a reliable store of value if it's detached from the real worth of fiat.
Soldato
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It is very detached where it should be viewed in a ten year time frame. I only really compare it to things like saving for a house, shorter periods then that is speculation. Forex is notorious for being hard to predict, if Sterling does rise then gold should fall and a year ago I did think it had no further reason to fall (vs dollar) and probably should be at 1.5.
The news on Brexit, etc nobody knows but its quite obvious to me gold will rise even from the higher price now and going back ten years certainly its done the job and adjusted vs QE. I'd never argue its somehow crystal clear in accuracy and I dont actually like the idea of gold, I like technology but it is a necessary counter to politics and bad budgeting.
The more common saying is dont hold shares for less then five years. Obviously profits can be made faster but thats the right kind of context to consider. Gold is even greater, probably double. People can flip houses in a couple years but it was never right that is somehow a profit, obviously a house is probably also at least ten years for any kind of land appreciation in normal markets.
The news on Brexit, etc nobody knows but its quite obvious to me gold will rise even from the higher price now and going back ten years certainly its done the job and adjusted vs QE. I'd never argue its somehow crystal clear in accuracy and I dont actually like the idea of gold, I like technology but it is a necessary counter to politics and bad budgeting.
The more common saying is dont hold shares for less then five years. Obviously profits can be made faster but thats the right kind of context to consider. Gold is even greater, probably double. People can flip houses in a couple years but it was never right that is somehow a profit, obviously a house is probably also at least ten years for any kind of land appreciation in normal markets.