Anyone invest in Gold?

[Next Goal WIns]

My mate has been badgering me recently about investing in gold / silver / platinum, but Im not too sure.
Anyone else done this and would you recomend bars / coins / shares in Gold companies?

 

[Tangerinetiltingatwindmil]

General consensus is invest in precious metals when the stock market is high.
So consequently precious metal prices will be low.

 

[seasidepaddle]

Digital gold maybe #Bitcoin

 

[Wizaard]

My mate has been badgering me recently about investing in gold / silver / platinum, but Im not too sure.
Anyone else done this and would you recomend bars / coins / shares in Gold companies?

Spandau Ballet made a few quid out of it and still do.

 

[fcblackpool]

That much is true

 

[Pool_pro_wear]

Always believe in your soul

 

[Pool CW]

Communication (has let you down !)

 

[Old_Laytonian]

To cut a long story short...

No

 

[Trammo]

Shirley Bassey gives it the finger.

 

[Plumbs]

Bugger. Missed out on some punning opportunities that were worth their weight in gold...

 

[L’étranger]

Memo to opening poster - never pose a serious question that reminds fellow posters of crap 80s pop groups

 

[Next Goal WIns]

I was going ask about advice for my mate frank moving to the film industry in California but thought better of it ....

 

[Glenrowan]

People buy gold when confidence in the value of fiat currencies is lost.
Do you believe in Modern Monetary Theory (MMT) - or Magic Money Tree - where vast amounts of money can be borrowed (and repaid) without crushing the economy or without debasing the value of those pieces of paper we call money?

 

[BIG_BERTHA_3]

Bugger. Missed out on some punning opportunities that were worth their weight in gold...

You do come out with some nuggets though.

 

[Fylde Seasider]

My mate has been badgering me recently about investing in gold / silver / platinum, but Im not too sure.
Anyone else done this and would you recomend bars / coins / shares in Gold companies?

I've been "stacking" mainly silver over the last 25 years, though I do have some gold too. Simple rule of thumb - You need to keep an eye on the spot price and buy when it's low. You can do this easily by studying the historical spikes.

Certain coins go for silly money, but you've got to have followed posts on groups to know which. (Una and the Lion and The Queen's Beasts Completer to name 2) This is a lottery though too.

Some study mining forecasts to ascertain possible spot price rises. Some look at tech to see what precious metals are being used in iPhones etc to predict trends and spot prices.

Staples like Sovereigns, Krugerands, Britannias, Eagles, Maples, Pandas etc will guarantee a small increment yearly as they are widely sought after. Big bars will be hard to sell on to the average collector. Gold is tax free, silver isn't. Gold is easier to keep in tiptop condition. Silver tones and develops milk spots (tarnishes) even if you keep in the best atmospheric conditions. Silver also reacts badly to fingers! Gold doesn't.

I'd say mix it up for the reason some things will do well, other stuff will hold its value. Sell when there is a demand. New releases of all sorts of stuff see demand and prices go through the roof. You can make a big killing short term on certain coin releases that people missed out on and ebay and the like are fleecing folk for at the time. They mostly do drop down medium to long term.

 

[tangerine_neil]

If the anticipated worldwide stock market collapse arrives, the investors will pile into gold, pushing the price up. Happened in March 2020. Watch the markets.

 

[Stony Hill]

I’m not a serious investor but I enjoy collecting £2 coins. I have a copy of every UK one now. It began by looking at the change in my pocket. I sell the spares on at profit. I’m getting more value than putting money in any bank savers account!

You can do the same with 50p and £5 coins. I have a good few of them too but I don’t go out of my way.

Take a look on eBay etc. at prices.

 

[Fylde Seasider]

If you've got serious money to spare buy any and every new Patek Phillipe watch and don't even take it out of the cellophane. The new green Nautilus recently sold for 11 times the retail price at auction.

Olive Green Patek Philippe Nautilus Sells For Nearly x11 Retail at $376,000 USD

Fees will take the final price up to $470,000 USD.

hypebeast.com

Local PP dealer, Leonard Dews, has a special event soon.

 

[BFC_BFC_BFC]

It's probably not a great time to buy gold at the moment.

 

[Newholland]

Memo to opening poster - never pose a serious question that reminds fellow posters of crap 80s pop groups

True

 

[Macseasider]

Gold and Silver comes and goes.

Diamonds are forever...................................sorry

 

[Stony Hill]

If you've got serious money to spare buy any and every new Patek Phillipe watch and don't even take it out of the cellophane. The new green Nautilus recently sold for 11 times the retail price at auction.

Olive Green Patek Philippe Nautilus Sells For Nearly x11 Retail at $376,000 USD

Fees will take the final price up to $470,000 USD.

hypebeast.com

Local PP dealer, Leonard Dews, has a special event soon.

Interesting

 

[Next Goal WIns]

If you've got serious money to spare buy any and every new Patek Phillipe watch and don't even take it out of the cellophane. The new green Nautilus recently sold for 11 times the retail price at auction.

Olive Green Patek Philippe Nautilus Sells For Nearly x11 Retail at $376,000 USD

Fees will take the final price up to $470,000 USD.

hypebeast.com

Local PP dealer, Leonard Dews, has a special event soon.

They really do cost "serious money" and is well out of my budget (by miles), however theydo look good

 

[electric_eel]

If your mate's a Lucky Lucky man and he's the one selling then I'd say definitely not.