Here in the states, gold just got confiscated when it really became useful. i don't think it lends itself to transacting well, either. Currency is no longer on a gold standard, and in my opinion, if there's going to be a valuation issue, since it's dependent on debt and future economic output, you'll see it coming for a long time.Garno":22l8fxfi said:History shows that when there is a property crisis and the returns are small gold tends to rise in value, however when times are good for properties it usually mean lean times for gold buyers.
Cryptocurrency is far too volatile for my taste - I don't do loss very well, and cryptos are all over the place, all the time. They are also worryingly easy to steal, lose, or just evaporate. A bit like a bank account, these days.Jonathan S":11b6jymp said:No gold......Bitcoin and gold backed crytpos.
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Premium bonds are ok but statistically you will not make more than base rate interest. That being said, a nice win every now and again bumps your numbers up for a while and there is always a chance of winning big.Cordy":npbyguw9 said:In the past I have held gold coins, Sovereigns; really small in size btw
Found it boring and risky and sold them with no ££££ gain
Now heavy into Premium Bonds which give me a steady trickle, not won any large amounts but quite happy -- four prizes this month total of £100
No premium or charge to buy or sell
Easy to buy and check results on line
No advice intended
Hi BobMyfordman":12yc4bv4 said:I've been wondering about a few gold coins
If sterling falls, gold will rise commensurately. (Sorry to be contrary.) Gold is priced in dollars, so you could just buy dollars instead, but if the dollar falls, gold rises. All about views on future values, inflation, etc.Trevanion":3qefi27y said:It’s a little pointless now in my opinion since the price has gone up so much. Also if sterling crashes so will gold prices, it’s not a 100% safety net.
I wouldn't touch a gold ETF with someone else's bargepole. ETFs commingle their holdings,so it's not your gold. If you are buying gold it is because you don't want counterparty risk. Holding your own allocated gold in a vault is the same, but much less risky. Holding it in a tin can buried in the back garden would be even better. The paranoid US gold hoarder community have a thing for boating accidents - keep your gold at the bottom of a lake, and deny all knowledge. The USA does have a habit of outlawing ownership, which may have something to do with it.mbartlett99":11zrtw4a said:Buying physical gold is fairly easy and in such a case you would be well advised to keep it in the suppliers vault. If you take possession and then wish to sell it would need to be assayed to prove its purity.
Much simpler to buy into gold backed ETFs - watch a video on trustnet or citywire for more info.
Wheher its a good idea at all, well good luck with that goldbugs tend to be rather passionate about it all.