Gold still cheap says Telegraph

[TimberWolf]

http://news.sky.com/skynews/Home/Wor...00906315310685

Hmm Gold to go!

[DimPrawn]

Thanks for the info. I must say after looking at more charts I'm going off gold a bit. Still, as long as the shoe-shine boy isn't recommending buying it, there's a chance it won't plummet in the short term. Maybe everyone will lose out in the coming years anyway no matter what and where their investments are.

http://news.sky.com/skynews/Home/Wor...00906315310685

[TimberWolf]

You can also buy an ETF (Exchange traded fund) which reflects the price of gold. Although there are some risks to this which I read about but didnt understand its a quick and easy method. The safest way is to hold physical vaulted gold through companies already mentioned or www.goldmoney.com

Thanks for the info. I must say after looking at more charts I'm going off gold a bit. Still, as long as the shoe-shine boy isn't recommending buying it, there's a chance it won't plummet in the short term. Maybe everyone will lose out in the coming years anyway no matter what and where their investments are.

[JoJoGabor]

You can also buy an ETF (Exchange traded fund) which reflects the price of gold. Although there are some risks to this which I read about but didnt understand its a quick and easy method. The safest way is to hold physical vaulted gold through companies already mentioned or www.goldmoney.com

[TimberWolf]

The price of gold went nuts in real terms in 1980 for some reason. It seems that that is the historic price the guardian are referring to. It wasn't up there long though.

[TimberWolf]

1 ounce gold (retail bar) has gone up by about £100 in the last month or so.

I have been meaning to buy about £10K as a "total disaster" hedge but haven't got round to it yet...

Same here, but about 20K as a hedge. Perhaps some stocks too. Money in the bank is a disaster (if maybe protracted) waiting to happen and a mugs game it seems. Osborne has said he is going to keep interest rates low too, so inflation is probably what everyone is banking on. I don't really see much alternative out of this mess except price inflation.

[Moscow Mule]

1 ounce gold (retail bar) has gone up by about £100 in the last month or so.

I have been meaning to buy about £10K as a "total disaster" hedge but haven't got round to it yet...

[DimPrawn]

Do high street banks sell gold too? Not physically, but held for you in the same way as Bullion vault?

No.

[TimberWolf]

Do high street banks sell gold too? Not physically, but held for you in the same way as Bullion vault?

[DimPrawn]

PPS.

If you still want to store it at home under the bed.

https://www.bullionbypost.co.uk/

[DimPrawn]

PS.

Gold will probably go up, but look at the graph. It's makes the property price boom look like a flat line.

And if it falls, you might lose 50% of your wealth in a matter of days.

For that reason, I'm out of Au at the moment.

[DimPrawn]

Hmm, thanks. I do wonder whether they would give you your money back if the dollar or world economy tanks though. I'll read through the site properly later.

If you want to hold physical gold you either trust a vault to hold it for you or you keep it at home, in which case every time you buy and sell it, it has to be assayed which costs a fortune.

Or you buy coins which have a big markup and don't represent value for money like bars.

And some fooker can break in and steal it, so you have to have insurance for it.

[TimberWolf]

http://www.argos.co.uk/static/Produc...xt%3ECHAIN.htm

Alternatively. http://www.bullionvault.com/

Which is what I use.

Hmm, thanks. I do wonder whether they would give you your money back if the dollar or world economy tanks though. I'll read through the site properly later.

[DimPrawn]

http://www.argos.co.uk/static/Produc...xt%3ECHAIN.htm

Alternatively. http://www.bullionvault.com/

Which is what I use.

[TimberWolf]

Well, not their exact words.

Gold: three reasons why the price will go higher

What's the cheapest and safest way of buying gold?