Reply to: The inevitable investment in a property

[Freamon]

Where can I get insurance against any sudden devaluing of an investment in gold?

Here:

http://finance.yahoo.com/q/op?s=GLD&m=2012-02

[MarillionFan]

With planning permission to build?

Yep. And groundworks have already started.

[KentPhilip]

How about a building plot?

I have one for sale for £60k which you can stick a house on.

With planning permission to build?

[MarillionFan]

So I have amassed a medium-sized warchest and seeing how the value of all major currencies are being devalued so even my volatile stock investment is earning me less than inflation and my savings ISA is definitely less than inflation. So it seems inevitable that the only sensible place to put your money in is a property.
Anything wrong with buying land and building a house on it for cash or maybe a small mortgage for an already built house?
Honestly it seems like the best proposition out there as one cas at least live there and even if it loses value, it will always be worth something (as opposed to say shares or Internet startups...)

I'm in a position where I really don't want a house but it almost feels like a lesser evil - at least the money's burned and I won't have to worry about managing my portfolio everyday?

How about a building plot?

I have one for sale for £60k which you can stick a house on.

[DimPrawn]

Sorry the thread title said "investment in property".

If he needs somewhere to live (a home) then sure, go buy one.

If he is thinking of becoming incredibly wealthy through rising UK property prices, well, it might not be a sure thing (outside of Wandsworth of course).

[gingerjedi]

What like you put £10,000 in and then in a few months, sell and take £20,000 out, and that isn't a direct "benefit"?


Yeah, buy a house, they only ever go up in price and you can sell it at the drop of a hat, and then be homeless too.

I think he means you can't live in a house built with gold bars... or can you?

[PAH]

Anything wrong with buying land and building a house on it for cash or maybe a small mortgage for an already built house?

Use Property Bee to check the price history of properties for sale on Rightmove in the area you're looking to buy.

If like me you see significant drops in the last 6 months or so then it may be tempting to wait it out a bit longer to see if the trend continues, otherwise a property investment may devalue quicker than sterling!

It's also handy for finding distressed sellers (i.e. they've made several big drops in prices over a short period of time) who may be open to low offers.

[Doggy Styles]

Property - probably overvalued at the moment
Gold - possibly the same

Go against the herd.

[PAH]

If you're a true gambler, why not invest in a start-up?

A strategic gamble on a start-up would be to approach companies that have landed investment on Dragon's Den.

[PAH]

What like you put £10,000 in and then in a few months, sell and take £20,000 out, and that isn't a direct "benefit"?

Where can I get insurance against any sudden devaluing of an investment in gold?

Surely if gold is only going to go up in value in the near term there will be companies offering insurance against loss of investment, as it will be a sure fire money maker for them. i.e. little chance of anyone claiming on the insurance.

[DimPrawn]

I have *some* gold in my portfolio, but as such it doesn't yield you any direct benefits, whereas having a house has a benefit that you can live there, also gives you a place to dig that gold in? ;D

What like you put £10,000 in and then in a few months, sell and take £20,000 out, and that isn't a direct "benefit"?


Yeah, buy a house, they only ever go up in price and you can sell it at the drop of a hat, and then be homeless too.

[Cliphead]

AtW's SKA is going to be the next big thing.

http://forums.contractoruk.com/gener...es-thread.html

[Doggy Styles]

If you're a true gambler, why not invest in a start-up? Google, Facebook, Linked-In... how much would you have made by investing in the early days?
I'm sure we have someone on these boards with a sure-fire Plan B. Sas wasn't it?

AtW's SKA is going to be the next big thing.

[MrMark]

If you're a true gambler, why not invest in a start-up? Google, Facebook, Linked-In... how much would you have made by investing in the early days?
I'm sure we have someone on these boards with a sure-fire Plan B. Sas wasn't it?

[yasockie]

Or you could buy some gold.

South Korea bolsters gold reserves - FT.com
Gold Advances, Nears Record Price as Slowing Factory Growth Spurs Demand - Bloomberg
$2,000 for an Ounce of Gold Seems Like the Only Bet Worth Making

I have *some* gold in my portfolio, but as such it doesn't yield you any direct benefits, whereas having a house has a benefit that you can live there, also gives you a place to dig that gold in? ;D