Any Gold Stackers on SD?

[Bo Diddley]

I wondered if anyone on here was into stacking gold or silver?
Who thinks gold is going to go to crazy highs...
I think the ship has sailed for me... age, available funds, understanding economics.. the list is endless, but a work colleague insists I'm wrong!
Any advice...

 

[UnframedDave]

I never give financial advice.

I bought sovereigns some years ago at just below or around the £200 mark. Today, they would cost you around £624. In my view, now is the worst time to buy. The world is in chaos and at such times, gold rockets.

That said, nobody really knows where its going to go. A fortnight ago, they were £630 and then dropped to just over £610.

Sovereigns and Britannias are a good way to invest in precious metals as being classed as currency, there is no capital gains tax liability.

As said previously, I don't give financial advice.

 

[Bo Diddley]

I bought sovereigns some years ago at just below or around the £200 mark. Today, they would cost you around £624. In my view, now is the worst time to buy. The world is in chaos and at such times, gold rockets.

Do you think the chaos is going to get worse?
My colleague started buying gold when Gordon Brown was selling the country's gold for very little. He is buying physical, and has just started to buy more . He thinks it will go through the roof, so to speak.

 

[UnframedDave]

Do you think the chaos is going to get worse?
My colleague started buying gold when Gordon Brown was selling the country's gold for very little. He is buying physical, and has just started to buy more . He thinks it will go through the roof, so to speak.

Like I said, who knows? Your mate might be right, you have to consider the advice given with all investment offerings, "the value of your investment may go down". If that's what the best financial brains in the world have to offer, what does your mate know that they don't?

 

[Bo Diddley]

Like I said, who knows? Your mate might be right, you have to consider the advice given with all investment offerings, "the value of your investment may go down". If that's what the best financial brains in the world have to offer, what does your mate know that they don't?

TBF almost everything he tells me goes over my head. He started to study macroeconomics when he got wiped out on the stock market (one of the black crashes)

Your comment about investments may go down reminded me of a situation I found myself in a good few years ago... I asked someone I was working for if I should take a punt and invest in BP shares when they crashed due to an oil spill... the long and short is he advised me that nothing is cast in stone and don't invest if you can't afford a loss... so I didn't... several months later he grabbed my shoulder as I walked out of Barclays bank and said "Please tell me you sunk every spare penny into BP shares" they had bounced back with interest... of course it was another missed opportunity for me.

I wonder if gold is going to go galactic... or is silver going to rise to gold . The difference is huge at the moment.

 

[Rake Aboot]

Best advice I’ve ever had was , it’s about time in the market, not timing the market.

First is investing, second is trading.

 

[AGR]

Ah, the benefits of growing old, 20 20 hindsight.
Welcome to my world.

 

[Freeforester]

A pal has been panning for years, and has several pounds (avoirdupois) of the stuff…

 

[Bo Diddley]

A pal has been panning for years, and has several pounds (avoirdupois) of the stuff…

I'm a little envious, not of the value, but the experience of panning for the gold stuff, it's something I have always had an inkling to do, unfortunately, Blighty isn't the easiest place to realise your dreams at times... Australia or Tasmania seem a good option.

 

[Smellydog]

Wish I could buy gold. A relative has quite a bit of bullion.

 

[Jon P]

Wish I could buy gold. A relative has quite a bit of bullion.

I always thought lead was your preferred choice

 

[Crowstalker]

Nice that to have that problem of spare money to invest, I don't think il ever have that problem

 

[Smellydog]

I always thought lead was your preferred choice

Got stacks....never know if or not it becomes rare....

 

[TringSaint]

I wondered if anyone on here was into stacking gold or silver?
Who thinks gold is going to go to crazy highs...
I think the ship has sailed for me... age, available funds, understanding economics.. the list is endless, but a work colleague insists I'm wrong!
Any advice...

Have you ever looked investing in Lego, ie sets not the company?

Better return than on gold over last 20 years.
Our Lego investment sets have gone from around £2200 to over £5k in 6 years

 

[Bavarianbrit]

I have a pair of drafting dividers of stainless steel which my sister had gold plated for me. For comparison a watch body goes into the plating vat for 30 seconds it was Xmas eve and she forgot them while having the factory party and they were in the vat for 7 hours. I have an original pair and the plated one is very much heavier.

 

[Bo Diddley]

Have you ever looked investing in Lego, ie sets not the company?

Better return than on gold over last 20 years.
Our Lego investment sets have gone from around £2200 to over £5k in 6 years

I'll look into it, I think you could be pulling my leg .

I think the whole thing about gold is that you could look at it as an investment and as a store of wealth. History indicates that gold has held its value for thousands of years, and will not deteriorate. It's an interesting subject, economics.

 

[VSS]

If you've got money to invest, buy land.
At least you can enjoy it, or get rental income from it, while it's appreciating.

Second best investment after gold I've been told, plus no more hassles at FAC renewal time!

I sold a bit recently for £12,000 per acre, which I paid £900 per acre for.

 

[TringSaint]

I'll look into it, I think you could be pulling my leg .

I think the whole thing about gold is that you could look at it as an investment and as a store of wealth. History indicates that gold has held its value for thousands of years, and will not deteriorate. It's an interesting subject, economics.

Not al all. Go to brick link and have a look. Each set is on an exchange and you can tract values.
I have a number of the limited edition Porsche 911 gt3 rs models and they have gone from c£220 to c£600 in that time.

 

[TringSaint]

If you've got money to invest, buy land.
At least you can enjoy it, or get rental income from it, while it's appreciating.

Second best investment after gold I've been told, plus no more hassles at FAC renewal time!

I sold a bit recently for £12,000 per acre, which I paid £900 per acre for.

How long have you had that for? Not seen land at £900/ac for a very long time.

 

[VSS]

How long have you had that for? Not seen land at £900/ac for a very long time.

About 20 years. And had income from it throughout that time.