Money into Gold & Silver

[directhex]

Funny you should mention it, but we are likely to see a helium shortage in our lifetimes. Really.

Which is another blocker on my dream of a future with luxury airships criss-crossing the skies instead of those ugly gulfstream jets

[BobF64]

Which is another blocker on my dream of a future with luxury airships criss-crossing the skies instead of those ugly gulfstream jets

Dont see why, hydrogen is perfectly safe if used correctly.

Not to mention that the skies of the future will probably be pure CO2 anyway, so no risk of more Hindenburgs.

[ristac]

I have brought a couple of 14k gold wedding rings at auction for scrap gold. A search for scrap gold listings will never find you a bargain

[rob4001]

Resurrecting thread. Silver is also a good buy at the moment. If you've not got much to put aside silver is much more affordable. Some analysts are predicting big gains with sliver. Reason for this is there is actually less silver above ground than gold plus sliver has more industrial value as well.

The historically silver to gold ratio is 15:1 at the moment its more like 48:1

http://www.youtube.com/watch?v=hKR5d...feature=relmfu

[Millennium]

I put about £5.5k into gold between november and december last year. Bad timing - I think i've lost around 10 % !

Not too bothered though as it was always a long term investment. I used bullionvault which is legit and seems a better idea then physical gold.

Silver is a good idea, yes, but potentially more risky I think. Interesting with that ratio though.

Edit: I just wanted to chime in to say as far as I can tell BullionVault is totally legit and a good way to invest. This way you don't pay the 7-10% overhead on trading gold. Sure, if the sh*t truely hit's the fan it's just paper of course!

[rob4001]

I put about £5.5k into gold between november and december last year. Bad timing - I think i've lost around 10 % !

Not too bothered though as it was always a long term investment. I used bullionvault which is legit and seems a better idea then physical gold.

Silver is a good idea, yes, but potentially more risky I think. Interesting with that ratio though.

Gold is fluctuating mainly as the biggest buyer of gold India rupee devalued against the dollar by 17% but as you said long term can only go one way which is up if currency debasement continues which it is & gold id holding up against inflation. Plus always good to have some physical as at the moment all you have is a piece of paper saying you hold some gold in a vault you've never seen. If there's a run on bullionvault what would your paper be worth?

http://www.moneyweek.com/investments...ce-crash-13701

[kalniel]

You'd have to be really daft to invest based on anything you read here

[JacSmith]

If you are to buy gold then must be on trusted sources. Since the value would be upgraded as time passes by. Paper works is a matter but there were still stores that are not legit or registered.

[rob4001]

You'd have to be really daft to invest based on anything you read here

Yes much better off with a greedy bank paying you 0.25% interest while charging 22% interest on credit cards and setting a false lending rates to everyone. Then still requiring incomprehensible amounts of tax payers money to stay afloat that's if you can get your cash out when the computer system goes down

[kalniel]

Yes much better off with a greedy bank paying you 0.25% interest while charging 22% interest on credit cards and setting a false lending rates to everyone. Then still requiring incomprehensible amounts of tax payers money to stay afloat that's if you can get your cash out when the computer system goes down

What's that got anything to do with investment?

(PS my bank pays ~3.7% interest on my money, while credit card is 0% interest )

[rob4001]

I've got a 100 franc 1982 silver coin, which is about 0.5 ounces of silver (1982 coins onwards are 0.900 sterling silver). When the Franc left circulation, it had a value of about £13. The value of 0.5 ounces of silver is... about £10. Some investment.

resurrecting this one ok so you bought a Silver coin worth 100 francs. It was a good investment! You tell me if you kept hold of your 100 francs instead of buying silver how much your 100 francs would be worth now? and silver now is worth £21 an oz

[KaKTy3]

resurrecting this one ok so you bought a Silver coin worth 100 francs. It was a good investment! You tell me if you kept hold of your 100 francs instead of buying silver how much your 100 francs would be worth now? and silver now is worth £21 an oz

Direct commodity/precious metals investing is a bad idea, not least I would be very surprised it represents a reasonable share of your total asset allocation (sub 5%). I get some exposure to it via the broad funds portfolio I manage, but that's it. Assuming you are a better investor than highly intelligent people with vastly superior research resources available to them is a beggar's belief.

[rob4001]

Direct commodity/precious metals investing is a bad idea, not least I would be very surprised it represents a reasonable share of your total asset allocation (sub 5%). I get some exposure to it via the broad funds portfolio I manage, but that's it. Assuming you are a better investor than highly intelligent people with vastly superior research resources available to them is a beggar's belief.

you mean the fund managers that rip you off?

http://www.thisismoney.co.uk/money/i...ting-fees.html

Or Ben Bernake printing $40 billion dollars a month indefinitely to dissolve the value of dollars and increase inflation... are those the highly intelligent people you are referring to?

http://www.bloomberg.com/news/2012-0...ach-month.html

[KaKTy3]

Yeah, yeah, bankers, fund managers, etc. they are all there being a giant squid on the face of mankind... It's getting a bit old, four years in.

[rob4001]

What do you mean we haven't even started to bail the banks out yet! Its ok though they can push the world economy to the brink so long as they get their bonuses.

In the meantime the US approach their fiscal cliff http://en.wikipedia.org/wiki/United_States_fiscal_cliff

[rob4001]

Gold price manipulation
Taken down from FT website due to 'computer problems'
http://webcache.googleusercontent.co...#axzz2uDBq1WI6