sdfuk Posted September 1, 2009 Share Posted September 1, 2009 Hi Is anyone considering (or already has) investing in gold? I personally think that at some point in the future we'll be hit by inflation. Also, If I took this root what is the best way to buy gold? Thanks for any help/advice S Quote Link to comment Share on other sites More sharing options...
Number79 Posted September 2, 2009 Share Posted September 2, 2009 HiIs anyone considering (or already has) investing in gold? I personally think that at some point in the future we'll be hit by inflation. Also, If I took this root what is the best way to buy gold? Thanks for any help/advice S welcome, all the answers that you want are in the gold and precious metals section along with most of the people that you want to be speaking with. In this section you may be better asking traders/investors about any downside to gold and if anyone wouldn't invest then why not. That way you can gain both perspectives and make an informed decision. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted September 2, 2009 Share Posted September 2, 2009 Gold is for dragons. Quote Link to comment Share on other sites More sharing options...
Number79 Posted September 2, 2009 Share Posted September 2, 2009 Gold is for dragons. looks almost like you dislike goldholders because they are unproductive and the money sits outside of the system only aiding and protecting the owner rather than circulating in the system. Gold is not only a hedge or store but is also the ultimate anti fiat play imo. If you don't like it then I would genuinely like to know your reasons against. Many traders dislike gold, and many that bought during the last peak hate it. There are some valid concerns so am always listening. Quote Link to comment Share on other sites More sharing options...
sdfuk Posted September 2, 2009 Author Share Posted September 2, 2009 Ah Ok, sorry missed that section - new to the site. Cheers, S Quote Link to comment Share on other sites More sharing options...
Number79 Posted September 2, 2009 Share Posted September 2, 2009 Ah Ok, sorry missed that section - new to the site. Cheers, S no worries, see you in the right place. may still be worth changing the title and asking the investors why they don't like gold just to know the cons. Quote Link to comment Share on other sites More sharing options...
Beginner Posted September 13, 2009 Share Posted September 13, 2009 no worries, see you in the right place.may still be worth changing the title and asking the investors why they don't like gold just to know the cons. Gold is in a bubble, I believe, but it is still on the way up, don't get greedy and don't get burnt. I'm In PM's so please don't accuse me of being a doubter. Quote Link to comment Share on other sites More sharing options...
Guest KingCharles1st Posted September 13, 2009 Share Posted September 13, 2009 Gold is in a bubble, I believe, but it is still on the way up, don't get greedy and don't get burnt.I'm In PM's so please don't accuse me of being a doubter. I have noticed a lot of TV adverts from Gold Buying concerns over he last few days.. Quote Link to comment Share on other sites More sharing options...
Mark Uttley Posted September 25, 2009 Share Posted September 25, 2009 I have noticed a lot of TV adverts from Gold Buying concerns over he last few days.. So? There's a recession. People are trying to buy something on the cheap and sell it at a profit. Quote Link to comment Share on other sites More sharing options...
911-caused-it-all Posted September 26, 2009 Share Posted September 26, 2009 Just brought £9000 worth last week on bullion vault - may go up may not, Money week keeps touting it! If it does go up I'll probably cash in half of it to give me a safety net against holding the other half in case it drops significantly. When you make a purchase at bullion vault 0.8% commision is charged when purchasing and the same when selling. Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted September 27, 2009 Share Posted September 27, 2009 looks almost like you dislike goldholders because they are unproductive and the money sits outside of the system only aiding and protecting the owner rather than circulating in the system. Gold is not only a hedge or store but is also the ultimate anti fiat play imo.If you don't like it then I would genuinely like to know your reasons against. Many traders dislike gold, and many that bought during the last peak hate it. There are some valid concerns so am always listening. I believe most people on here are geared towards purchasing a home with their savings and differ from the traders in that respect. Looking back at house prices priced in gold and even if you missed selling out at the 1980 peak you still had a five year window to redeem your gold for a house. The chart needs updating as we are now at around 250 ounces of gold for a house. Quote Link to comment Share on other sites More sharing options...
Mark Uttley Posted September 27, 2009 Share Posted September 27, 2009 The chart needs updating as we are now at around 250 ounces of gold for a house. Is there a point to this? i don't see any correlation between UK house prices and the price of gold. If there were then your graph would show some sort of buy signal around 1995/96. It doesn't. One idiot goldbug used to talk about average house prices always reverting to 100 oz of gold. He would have missed out on the late 80's boom too, presumably waiting for a 50% fall from 1988 prices. Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted September 27, 2009 Share Posted September 27, 2009 (edited) Is there a point to this? i don't see any correlation between UK house prices and the price of gold. If there were then your graph would show some sort of buy signal around 1995/96. It doesn't.One idiot goldbug used to talk about average house prices always reverting to 100 oz of gold. He would have missed out on the late 80's boom too, presumably waiting for a 50% fall from 1988 prices. That idiot goldbug has in just 3 years doubled the purchasing power of their savings by converting pound sterling into gold. In 1995/96 I was firmly in cash savings and there was no need to even think of buying gold nor did I miss out on buying a property. The 1990's is light years away from where we are now and our present situation is comparable with the 1970s and 1930s. 100 ounces here we come. Edited September 27, 2009 by Take Me Back To London! Quote Link to comment Share on other sites More sharing options...
Mark Uttley Posted September 27, 2009 Share Posted September 27, 2009 The 1990's is light years away from where we are now and our present situation is comparable with the 1970s and 1930s. So the graph only works for the 1930s and 1970s does it? Have you ever heard the saying about the stopped clock? Quote Link to comment Share on other sites More sharing options...
shug Posted September 29, 2009 Share Posted September 29, 2009 Just brought £9000 worth last week on bullion vault - may go up may not, Money week keeps touting it! If it does go up I'll probably cash in half of it to give me a safety net against holding the other half in case it drops significantly. When you make a purchase at bullion vault 0.8% commision is charged when purchasing and the same when selling. Hope it goes well. As for moneyweek................. Only fit for wiping your ass with it. Quote Link to comment Share on other sites More sharing options...
911-caused-it-all Posted October 4, 2009 Share Posted October 4, 2009 As for moneyweek................. <img src="http://www.housepricecrash.co.uk/forum/public/style_emoticons/<#EMO_DIR#>/laugh.gif" style="vertical-align:middle" emoid="" border="0" alt="laugh.gif" /> Only fit for wiping your ass with it. They made quite a few hot stock picks recently (past few weeks) - some people slate the publication as the editors are uber-bearish on houseprices perhaps? Quote Link to comment Share on other sites More sharing options...
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