goldenoldie Posted May 20, 2010 Share Posted May 20, 2010 Been doing my usual gold trawling bit this morning and have found a possible new investment oppurtunity. I buy my gold normally from mayfair and grant and on their site they have started something new to do with investing in a 12.5 kilo bar of gold, wondered if anyone else had come across this as I am a little suspect of these things and how they work. I suppose I'm asking for some help into whether its a good idea or not and i thought you guys would be the best to ask I look forward to any ideas or thoghts anyone has Quote Link to comment Share on other sites More sharing options...
Unexpected Posted May 20, 2010 Share Posted May 20, 2010 Been doing my usual gold trawling bit this morning and have found a possible new investment oppurtunity. I buy my gold normally from mayfair and grant and on their site they have started something new to do with investing in a 12.5 kilo bar of gold, wondered if anyone else had come across this as I am a little suspect of these things and how they work. I suppose I'm asking for some help into whether its a good idea or not and i thought you guys would be the best to ask I look forward to any ideas or thoghts anyone has If its a 12.5 kilo bar of gold, how can it be shares? Quote Link to comment Share on other sites More sharing options...
goldenoldie Posted May 20, 2010 Author Share Posted May 20, 2010 well my reading of it is is that its a certificate of ownership that you own a piece of the bar in paper form, does this sound right Quote Link to comment Share on other sites More sharing options...
jonb Posted May 20, 2010 Share Posted May 20, 2010 Been doing my usual gold trawling bit this morning and have found a possible new investment oppurtunity. I buy my gold normally from mayfair and grant and on their site they have started something new to do with investing in a 12.5 kilo bar of gold, wondered if anyone else had come across this as I am a little suspect of these things and how they work. I suppose I'm asking for some help into whether its a good idea or not and i thought you guys would be the best to ask I look forward to any ideas or thoghts anyone has Sounds like another form of paper gold. Personally, I think investing in any sort of gold is a bad idea because gold prices are likely to go down, and investing in paper gold in an extra bad idea because you can't be sure that the issuer has the assets to back your investment. Quote Link to comment Share on other sites More sharing options...
harrywatson66 Posted May 24, 2010 Share Posted May 24, 2010 If the gold price continues to rise (it was with many features similar upward trend equipped Gold Bugs Index), which is also very convenient to the trading of the shares of the largest and most attractive basic gold mining companies. Quote Link to comment Share on other sites More sharing options...
Errol Posted May 26, 2010 Share Posted May 26, 2010 Don't bother with this. Just buy 1 ounce coins. Quote Link to comment Share on other sites More sharing options...
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