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  1. #1
    DF Jedi CallmeGoose's Avatar
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    Default Investing in gold?

    Thinking of doing this in addition to a pension scheme but I know fook all about it and where to start...

    Anyone on here doing this and can explain the ins and outs/advantages and disadvantages?


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  2. #2
    DF Jedi TotallyRandom's Avatar
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    Default Re: Investing in gold?

    Haha true pirate you are now

    Have you checked moneysaving expert?

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    Last edited by TotallyRandom; 10th March 2014 at 09:05 PM.

    Thanks to TotallyRandom

    CallmeGoose (10th March 2014) 


  3. #3
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    evilsatan's Avatar
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    Default Re: Investing in gold?

    I'm not sure what gold is doing at the moment but commodities tend to fall as money markets rise. With the FTSE improving and economies apparently stabilising it might not be a good time to invest in gold. Just make sure you do some research! Have you used your ISA allowances? You have £5000 odd allowed in cash but you can also invest that again (or the total amount) in a stocks and shares ISA. Pick a safe share in a stable sector which pays dividends and you could earn more than the interest in a cash ISA.

    Thanks to evilsatan

    CallmeGoose (10th March 2014) 


  4. #4
    DF Probation macmilm's Avatar
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    Default Re: Investing in gold?

    My friend from SA invested in Gold and is currently regretting it..... its not worth selling and the gold prices have dropped off a bit I gather from him !!!

    Thanks to macmilm

    CallmeGoose (10th March 2014) 


  5. #5
    DF Wh0re GedR's Avatar
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    Default Re: Investing in gold?

    If you're thinking of putting money into gold have a look at these two sites.

    [Only registered and activated users can see links. ]
    This one is great for giving you an idea of the current and past price of gold and seeing what it's done over a period of time.

    [Only registered and activated users can see links. ]
    This one is very good for news and what's going on at any given time.

    One thing worth mentioning is to buy sovereigns or britannias rather than krugerrands as being coins of the realm they are exempt from capital gains tax.
    This is very relevant depending on how much gold you sell at once.

    Overall buying gold is reasonably simple, you use a bullion dealer such as Chards in Blackpool ( [Only registered and activated users can see links. ] ) and when you buy, you pay a premium over the current spot price of gold.
    This is usually about 5% but this is the only loss you have, you can sell the gold at any time back to the bullion dealer at the current spot price. You know exactly where you are at any given time.

    Hope this helps.

    2 Thanks given to GedR

    CallmeGoose (12th March 2014), GTI (12th March 2014) 


  6. #6
    DF PwNagE Geko's Avatar
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    Default Re: Investing in gold?

    People invest in gold (and property) during economic instability. If you are going to invest in gold, I suggest you do something to start WWIII. As the price will truly start to rise. The price is rising now thanks to unrest in the Ukraine. But.... Pre-recession (2008) was the best time.

    If I was investing in gold, I'd want to have it physically in front of me. So I'd buy bullion. [Only registered and activated users can see links. ]

  7. #7
    DF Jedi blacksheep's Avatar
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    Default Re: Investing in gold?

    Buying physical in the quantities you can afford will have a significant mark up. You can buy several efts that track (or inverse track) gold prices (and ones that do multiples of too.

    whisky can be a good investment - royal marriage bottle from macallan sale price £150 now going at auction for over 1k

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