By the way I dont think there is too much love lost between the Russians and the Chinese so we could see one of them buddying up with the Americans as it becomes less obvious that there is ONE super power. It could get quite dangerous if we end up with three super powers all thinking they want to be the ONE - up to today it has been clear who has the power - that could be shifting.
By the way I dont think there is too much love lost between the Russians and the Chinese so we could see one of them buddying up with the Americans as it becomes less obvious that there is ONE super power. It could get quite dangerous if we end up with three super powers all thinking they want to be the ONE - up to today it has been clear who has the power - that could be shifting.
Rovinghawk
Active Member
I was once told the definition of a long-term investment: it's a short-term investment that isn't doing too well at the moment.
My intention is to look for another property in May with a view to completion in August & renovation over autumn (outside) & winter (inside). I think gold has appreciated too much recently to be a great investment (I have a small amount & think it's a bit late to get more)
Investment is all guesswork, otherwise there'd only be rich folks.
RH
crammy69
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I dont currently advocate or argue against investing in Gold. But found these links that may be of interest if you are.
http://www.moneyweek.com/investment...s/a-beginners-guide-to-investing-in-gold.aspx
http://www.thebulliondesk.com/freecharts/
One word of caution, there are a lot of Gold bugs out there who are very vocal right now. I can see some of their arguments, but for me, if you really think its large scale tin-hat time for the UK economy, then you may well be better off filling your garage with Tins of Fray-bentos pies, powdered milk and pulses! as Gold doesnt taste very good...
http://www.moneyweek.com/investment...s/a-beginners-guide-to-investing-in-gold.aspx
http://www.thebulliondesk.com/freecharts/
One word of caution, there are a lot of Gold bugs out there who are very vocal right now. I can see some of their arguments, but for me, if you really think its large scale tin-hat time for the UK economy, then you may well be better off filling your garage with Tins of Fray-bentos pies, powdered milk and pulses! as Gold doesnt taste very good...
Gold will only be a good (great) investment in sterling terms if the UK nose dives so it is bet against UK PLC. Place your bets now........
I think your def of a long term investment is a good one - had not heard that before.
careful on property if you are buying to make a short term gain - otherwise it could turn into a "long term investment"
Rovinghawk
Active Member
I think property is a decent investment if you assume a minimum 5 year ownership period- I have some rental properties which are a short-term nightmare with plenty of work & problems but over a much longer term have outperformed anything else I might have done.
Whilst there is a risk (as with anything), I think it is easily outweighed by the potential benefits. I can't see a similar position for gold. The advantage to gold is that investment levels can be significantly lower.
RH
Whilst there is a risk (as with anything), I think it is easily outweighed by the potential benefits. I can't see a similar position for gold. The advantage to gold is that investment levels can be significantly lower.
RH
RoseTattoo
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It seems to me that there are a lot of people who know nothing about Gold, or investing, or recession, or the relationships between currencies, economies and politics. This makes easy pickings for the unscrupulous.
Gold has naturally risen but now all of the scam merchants have cottoned on and I smell a lot of burnt fingers
Gold has naturally risen but now all of the scam merchants have cottoned on and I smell a lot of burnt fingers
verytalldave
MB Enthusiast
The French people in general like to keep their money in gold bullion as a hedge against currency fluctuations in the short term.
Gold should only be seen as a viable investment in the long term. At least ten years as a minimum.
Gold should only be seen as a viable investment in the long term. At least ten years as a minimum.
Rovinghawk
Active Member
verytalldave
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Before.
Ted
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PM sent - let me know if you don't get it.
Agree - it is becoming flavour of the month - just like commodities were last year.
The G.F.P
MB Enthusiast
certainly an interesting topic with lots of ideas, like i said in my 2nd post i would not know gold from chocolate gold coins and that the radio advert made me think
love the idea of filling the garage with tins of beans
last night i watched "The day the earth stood still" and according to that were all doomed anyway so i might as well go out with a bang and spend it all on ladies of the night, fast cars and nose candy (or just buy a few more XBOX 360 games and get a pizza in)
love the idea of filling the garage with tins of beans
last night i watched "The day the earth stood still" and according to that were all doomed anyway so i might as well go out with a bang and spend it all on ladies of the night, fast cars and nose candy (or just buy a few more XBOX 360 games and get a pizza in)
st4
Banned
Personally I think the property market and stock markets are too volatile to be committing funds too. Ideally one would like to see a period of pro-longed stability 1st. We are in recession and will be for sometime, things will get worse not better.
There are numerous "safe" investments for the OP
1. Index Linked Gilts, inflation is likely to come back and for the moment the capital element is as safe as it gets
2. ETF's are a great way into investing in heavy metals, but there are ETFs in grains etc. However prices are falling not rising so perhaps staying away.
The OP expressed interest in an E36 coupe, and probably for his sanity is better spending the money this way, it will give some pleasure too
The G.F.P
MB Enthusiast
yes i see cars that i want every few days but if i say an E36 w124 that i liked (blue/black, dual leccy heated seats with superb history & milage then id have it tommorow but thats not likely)
me and my mate were thinking of investing £10k each in september but my friend who works for a place that trade shares said that we should sign up to her companies web site and spend an imaginary £10k each and then it will track the shares as normal but does not involve any cash (kind of fantsay dealing)
he bought loads of woolworths & HBOS and i went for tescos & petrol and his lot are now worth about £4,000 and mine £6,000
good job we listend to her as neither of us have a clue
me and my mate were thinking of investing £10k each in september but my friend who works for a place that trade shares said that we should sign up to her companies web site and spend an imaginary £10k each and then it will track the shares as normal but does not involve any cash (kind of fantsay dealing)
he bought loads of woolworths & HBOS and i went for tescos & petrol and his lot are now worth about £4,000 and mine £6,000
good job we listend to her as neither of us have a clue
RodgerDodger
Active Member
yep -register with say iii - www.iii.co.uk
you can set up an imaginery portfolio and track it daily for fun
be VERY wary of the market at the mo - its completely bent!! - lot of emotion
scumbag
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Yeah! Are you buying Gold?, Or are you buying coins made out of gold? or currency?
I would suggest you define Gold in the context of what you are saying here. Coins that happen to be Gold may be of value to collectors but may not be an investment as they are only worth what collectors would pay, same of historic cars and art really. Currency is what it is, currency, can go up, can go down! Does anyone make currency out of Gold?
Gold as in Gold bars is a different kettle of fish. It value goes up and down too, and I have not looked to see, but someone will no doubt know what it has down of the last 80years, and that may give you an idea.
My own view is leave the money in the bank and see what the happesn in 5 years. Or, if you can let this money go, you could take a risk and maybe it will pay off big time. After all, some speculators will make an absolute killing now. Many more will lose bigger time tho, but nobody remembers losers.
For every £ "won" someone lost a £.
Dieselman
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Gold prices.
http://www.lenntech.com/prices/gold.htm
http://www.goldprice.org/gold-price-history.html
I'm not sure you would have made anything in the last 25 years.
At Christmas I saw crude oil at $37 bbl and though buy, that's as low as it's going for now. I missed it and it peaked at £53 bbl at new Year..
I didn't know how to buy commodities..need to look into that.
Would I need to buy futures or could I just buy oil at a spot price.?
http://www.lenntech.com/prices/gold.htm
http://www.goldprice.org/gold-price-history.html
I'm not sure you would have made anything in the last 25 years.
At Christmas I saw crude oil at $37 bbl and though buy, that's as low as it's going for now. I missed it and it peaked at £53 bbl at new Year..
I didn't know how to buy commodities..need to look into that.
Would I need to buy futures or could I just buy oil at a spot price.?
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Take a look here - Exchange traded commodities - you can buy oil, buy brent crude, spot, future, buy short positions.....the choice is all yours!
http://www.londonstockexchange.com/...periencedinvestors/exchangetradedcommodities/
http://www.londonstockexchange.com/...periencedinvestors/exchangetradedcommodities/
