Associate
- Joined
- 28 Jan 2010
- Posts
- 344
My parents brought like £15000 in gold and its now currently worth 18k-ish soo yeh
Is buying gold a good investment?
- Thread starter tigerstyle
- Start date
well in fairness retrospective advice isn't worth a great deal
I know the lottery numbers for last week, doesnt help me this week
But your tale might persuade the OP either way
Yep, I have a fair bit myself nothing compared to the poster who had 3kg of it!!!! (~£100,000!!!)
/tin foil hat on
I like to think of it as a store of wealth, it has not been increasing in value, but rather it is fiat currencies inflating to nothing in comparison. The news this week Italy / America about announce QE3 has pushed it so close to the $1600 barrier. Personally I think it has a chance of shooting to the moon depending on what happens when the US reaches its credit limit on August 2nd. Personally I don't see it as a bubble until the average man on the street wakes up to it and buys in - at the moment we are still seeing the opposite, people being urged to sell their gold in those tacky adverts. The average Joe just doesn't entertain the thought of owning gold bullion as it is very unusual and hence the birth of this thread.
/Tin foil hat off
/tin foil hat on
I like to think of it as a store of wealth, it has not been increasing in value, but rather it is fiat currencies inflating to nothing in comparison. The news this week Italy / America about announce QE3 has pushed it so close to the $1600 barrier. Personally I think it has a chance of shooting to the moon depending on what happens when the US reaches its credit limit on August 2nd. Personally I don't see it as a bubble until the average man on the street wakes up to it and buys in - at the moment we are still seeing the opposite, people being urged to sell their gold in those tacky adverts. The average Joe just doesn't entertain the thought of owning gold bullion as it is very unusual and hence the birth of this thread.
/Tin foil hat off