Is anyone buying gold?

[DimPrawn]

I'd love to agree with that but these damn speculators are messing about with the gold price!

I think Gold is due a correction back into the 800's but long term it makes sense with the printing presses churning out more £££££.

http://www.telegraph.co.uk/finance/4...nk-crisis.html

[expat]

The idea of buying Gold is that you don't lose money, not that you make money.

I'd love to agree with that but these damn speculators are messing about with the gold price!

[Svalbaard]

The time to start buying gold (to hold long term) will be when confidence returns to the stock market and the price starts to fall to < $375/oz or there abouts. Obviously if you can hold it until the following crash then you'll be onto a winner.

[DimPrawn]

The idea of buying Gold is that you don't lose money, not that you make money.

USA, UK, EU are all readying the printing presses.

The pound in your pocket isn't worth tulip.

[hugebrain]

Gold has been a laggard investment for 33 of the last 35 years and now, because over the past two years it has shot up in value, it's become a "must buy", so much so that even the cabby is telling you that you must buy some now.

Remind me what the indicators of a boom are?

tim

I think it's just that they are firing up the printing presses around the world. Faced with the value of the £ and $ going to zero, if gold loses half its value then you are onto a winner.

[tim123]

Gold has been a laggard investment for 33 of the last 35 years and now, because over the past two years it has shot up in value, it's become a "must buy", so much so that even the cabby is telling you that you must buy some now.

Remind me what the indicators of a boom are?

tim

[Svalbaard]

Was a good investment about 18-24 months ago but prices have been topped out for a while now around the $900/oz mark against an all time high of around $1000, so I think all "major" gain opportunites have been realised. Have a Bullion Vault account myself and should really log in and see if I can make it work from a day/week trading point of view.

Have just put a large sum into a few key mining trusts myself as they are low currently but will start to rise again in about 12-18 months - my estimate of course.

[ace00]

Anyone else done this? Got any nuggets of wisdom to share?

What is your reason to buy?
The gold market has 3 or 4 serious driving factors. IMO only 1 is +ve.

[moorfield]

Anyone else done this? Got any nuggets of wisdom to share?

The herd has already done this, so I think you've missed the boat a little. Wait a few weeks and start shorting Gold.

[n5gooner]

Where should I go to buy some in London?

What amount of cash can I spend without coming under the money laundering rules?

think its 10k. There are several coin places around town. They take a mix of bank transfer, or debit card payment.

[hugebrain]

Where?

Where should I go to buy some in London?

What amount of cash can I spend without coming under the money laundering rules?

[bullseye]

I had bought some on bullionvault, but booked profit last week when it reached £21750/kg.

waiting for the prices to reach my level to buy more now,

[n5gooner]

yea, I've been doing this the past few months now, I've several contact round the country that I buy it from. With the price reaching its peak....now could be a good time to cash in.....

[DiscoStu]

I opened an account on Bullion Vault a few months ago, but I've only got a couple of grams of gold in there.

Now we're about to start printing money I'm tempted to put a serious chunk of my savings in there.

Anyone else done this? Got any nuggets of wisdom to share?