FabSwingers.com > Forums > The Lounge > Investing in gold
Investing in gold
Jump to: Newest in thread
 |
By *litterbabe OP Woman
over a year ago
hiding from cock pics. |
I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
He feels that he can hide them safely and is not just going to get any extra insurance as he feels that will not be worthwhile.
I think there are quite a few risks involved as if anybody finds out, they might break into the house. He says he wouldn't tell anybody but the bulion people shipping the gold out would know for a start.
I found it an interesting conversation but I don't know how much of a good idea it possibly is and I also know that gold can be very volatile, so he might not get back what he has invested.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
I'm going to build a huge underground room somewhere (with all the necessary safety precautions).
Then I'm going to take all my money out of the bank and buy barrels of oil.
I will then put the barrels of oil in the underground room.
Then I'm going to get my lawn chair, sit on my stockpile, and wait 40 years. Gold? Pfft.
 |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
I stack silver, usually buy by the 10z bar.
Buying gold is a lot harder to stack and get the benefits of buying larger bars
A 10oz bar of gold would be well over £9000 and the smaller bars have a higher price over spot.
Silver and gold are rising quite a lot, personally I think it's due to the upcoming referendum.
Silver was under £10 per oz not long ago and is edging over £12.50 currently. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
would you guys like a meet, I will nip round and visit you all, just send a personal message with your address
.
.
oh, and tell me what room you keep your gold or silver in, so that I can ensure not to intrude into that same room
.
. strictly confidential of course  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
He feels that he can hide them safely and is not just going to get any extra insurance as he feels that will not be worthwhile.
I think there are quite a few risks involved as if anybody finds out, they might break into the house. He says he wouldn't tell anybody but the bulion people shipping the gold out would know for a start.
I found it an interesting conversation but I don't know how much of a good idea it possibly is and I also know that gold can be very volatile, so he might not get back what he has invested.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?"
Gold is actually a pretty poor investment over the long term. Stocks and houses both perform mug better. The only benefit of gold is that it tends to go up when stocks and shares go down. So depends why you want it but in the long term I'd say gold is a pretty poor 'investment'.
If you do it anyway then rent a security box in a bank. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *litterbabe OP Woman
over a year ago
hiding from cock pics. |
Are some extra interesting points there for discussion. Also I received messages suggesting he should buy gold coins, and somebody else felt that by moving a significant amount of money from shares to a bullion dealer would lead to some kind of tax investigation.
I can't see how that's possible if the money has been legally earned and used to buy stocks and shares would be passing back through the bank system to a bullion dealer.
I would have thought it's only large cash deposits that would attract investigations. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Wouldn't he be better buying jewellery in gold and keeping it in a safety deposit box. I can't see the contents insurers covering gold bullion in a property. Their underwriters would have faces like this  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"in all seriousness, you will make more money buying a new rolex
your value will never drop and you will find it will double, triple in price"
That's terrible investment advice, buying a new Rolex at retail money is no different from
Buying a new car, it loses a huge lump of value the second you walk out of the jewellers with it on your wrist. Double triple in price ?!? Nonsense. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
He feels that he can hide them safely and is not just going to get any extra insurance as he feels that will not be worthwhile.
I think there are quite a few risks involved as if anybody finds out, they might break into the house. He says he wouldn't tell anybody but the bulion people shipping the gold out would know for a start.
I found it an interesting conversation but I don't know how much of a good idea it possibly is and I also know that gold can be very volatile, so he might not get back what he has invested.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?"
Golds been surging this week, partly down to the weakness in the £ though against the $. If we were to exit the EU and as predicted the £ takes another kicking then your gold price will also leap again |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I don't think I would be able to sleep with it in the house, I would be so worried about somebody breaking in etc"
Why not just put it in the vault at your local bank ? Many local banks still offer this service, we get it for free as part of our account and can access it easily when needed |
Reply privately, Reply in forum +quote
or View forums list | |
Gold is volatile op - as you say - and is below the price that many have bought at. When prices of something keep rising, it's easy to think it will go on forever.
It's a safe long term investment but I would not put money in to it that I might need at the wrong point of its market valuation.
Wealthy enough to buy it should also mean you have enough money to protect your gold. Home fires etc happen. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Putting it into gold sovereign coins would probably be a smarter move. Easier to hide plus theres no CGT payable if he sells them at a profit and they also have a collectable value that can often outstrip the intrinsic gold value if he buys the right years at the right price |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *litterbabe OP Woman
over a year ago
hiding from cock pics. |
"Putting it into gold sovereign coins would probably be a smarter move. Easier to hide plus theres no CGT payable if he sells them at a profit and they also have a collectable value that can often outstrip the intrinsic gold value if he buys the right years at the right price"
I remember those as rings that the boys used to wear at school when I was a teen! But where would you buy a quantity from? Do jewellers sell them? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Putting it into gold sovereign coins would probably be a smarter move. Easier to hide plus theres no CGT payable if he sells them at a profit and they also have a collectable value that can often outstrip the intrinsic gold value if he buys the right years at the right price
I remember those as rings that the boys used to wear at school when I was a teen! But where would you buy a quantity from? Do jewellers sell them?"
Better to go abroad, you'll get beer quality gold at a cheaper price. Hong Kong is the best for 24 carat. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
I did quite well out of gold once upon a time, but not at the bullion level, buying gold jewelry, a small piece at a time, and building up the quantity, I wasn't well off in those days, I'm still not really, but having that gold meant thatg the pawn shop was my good friend, I remember the price hiting a low once, and the bloke in the pawn shop looking at me like a moron, when I took 10 items in to pawn, but I bought some good cheap gold with the loan, and made a killing when the price went back up  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"in all seriousness, you will make more money buying a new rolex
your value will never drop and you will find it will double, triple in price
That's terrible investment advice, buying a new Rolex at retail money is no different from
Buying a new car, it loses a huge lump of value the second you walk out of the jewellers with it on your wrist. Double triple in price ?!? Nonsense. "
Depends on the model of Rolex. An explorer bought 10 years ago for approx. £2k retail is now selling for £3-4k... Though the trick is never to pay retail on anything.
I've got a fairly decent collection of watches and some have increased in value whilst others decrease, it's all about the right model |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Putting it into gold sovereign coins would probably be a smarter move. Easier to hide plus theres no CGT payable if he sells them at a profit and they also have a collectable value that can often outstrip the intrinsic gold value if he buys the right years at the right price
I remember those as rings that the boys used to wear at school when I was a teen! But where would you buy a quantity from? Do jewellers sell them?
Better to go abroad, you'll get beer quality gold at a cheaper price. Hong Kong is the best for 24 carat. "
Nah, golds a commodity, worth the same no matter what country you buy it. You are safer buying in the UK where we have proper hallmarking. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"in all seriousness, you will make more money buying a new rolex
your value will never drop and you will find it will double, triple in price
That's terrible investment advice, buying a new Rolex at retail money is no different from
Buying a new car, it loses a huge lump of value the second you walk out of the jewellers with it on your wrist. Double triple in price ?!? Nonsense.
Depends on the model of Rolex. An explorer bought 10 years ago for approx. £2k retail is now selling for £3-4k... Though the trick is never to pay retail on anything.
I've got a fairly decent collection of watches and some have increased in value whilst others decrease, it's all about the right model"
Some models like anything may appreciate but going into a Rolex dealers and buying a new model at retail money is in no way an investment model that anyone should think of trying. I can get massive discounts off brand new watches, Rolex included, but even I would still then lose money if I wanted to sell it on |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Putting it into gold sovereign coins would probably be a smarter move. Easier to hide plus theres no CGT payable if he sells them at a profit and they also have a collectable value that can often outstrip the intrinsic gold value if he buys the right years at the right price
I remember those as rings that the boys used to wear at school when I was a teen! But where would you buy a quantity from? Do jewellers sell them?
Better to go abroad, you'll get beer quality gold at a cheaper price. Hong Kong is the best for 24 carat.
Nah, golds a commodity, worth the same no matter what country you buy it. You are safer buying in the UK where we have proper hallmarking."
You're right away hallmarking but there are certain hub markets for different carats. Having bought some in Hong Kong I assure you it's cheaper at the retail price. I think dubai is another hub for 22 carat or something. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
Depends on the model of Rolex. An explorer bought 10 years ago for approx. £2k retail is now selling for £3-4k... Though the trick is never to pay retail on anything.
"
.
2k ten years ago is 4k today.
Your not making money, your just not losing it to inflation |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
Depends on the model of Rolex. An explorer bought 10 years ago for approx. £2k retail is now selling for £3-4k... Though the trick is never to pay retail on anything.
.
2k ten years ago is 4k today.
Your not making money, your just not losing it to inflation"
Long term - gold doesn't keep up with inflation |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Putting it into gold sovereign coins would probably be a smarter move. Easier to hide plus theres no CGT payable if he sells them at a profit and they also have a collectable value that can often outstrip the intrinsic gold value if he buys the right years at the right price
I remember those as rings that the boys used to wear at school when I was a teen! But where would you buy a quantity from? Do jewellers sell them?
Better to go abroad, you'll get beer quality gold at a cheaper price. Hong Kong is the best for 24 carat.
Nah, golds a commodity, worth the same no matter what country you buy it. You are safer buying in the UK where we have proper hallmarking.
You're right away hallmarking but there are certain hub markets for different carats. Having bought some in Hong Kong I assure you it's cheaper at the retail price. I think dubai is another hub for 22 carat or something. "
I don't pay retail price, and anyone looking to invest shouldn't either. It's a myth that Dubai, Hong Kong etc is a better place to buy gold. You will get just as good a deal in the UK if you go to the right places and not the high street. It's a commodity worth the same in any country in the world. Middle eastern and Indian gold is the worst for buying a supposed carat only when you melt it to find out it's a lesser grade than you were told when buying |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
The cheapest way I've found to buy is larger quantities secondhand. eBay etc
If you can test the product then if it's faked you have buyers protection.
The copper bullion bars make me laugh....£15 per kilo??? Who's actually buying these |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Putting it into gold sovereign coins would probably be a smarter move. Easier to hide plus theres no CGT payable if he sells them at a profit and they also have a collectable value that can often outstrip the intrinsic gold value if he buys the right years at the right price
I remember those as rings that the boys used to wear at school when I was a teen! But where would you buy a quantity from? Do jewellers sell them?
Better to go abroad, you'll get beer quality gold at a cheaper price. Hong Kong is the best for 24 carat.
Nah, golds a commodity, worth the same no matter what country you buy it. You are safer buying in the UK where we have proper hallmarking.
You're right away hallmarking but there are certain hub markets for different carats. Having bought some in Hong Kong I assure you it's cheaper at the retail price. I think dubai is another hub for 22 carat or something.
I don't pay retail price, and anyone looking to invest shouldn't either. It's a myth that Dubai, Hong Kong etc is a better place to buy gold. You will get just as good a deal in the UK if you go to the right places and not the high street. It's a commodity worth the same in any country in the world. Middle eastern and Indian gold is the worst for buying a supposed carat only when you melt it to find out it's a lesser grade than you were told when buying "
How do you get around buying retail? Is there a certain quantity you must buy? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Putting it into gold sovereign coins would probably be a smarter move. Easier to hide plus theres no CGT payable if he sells them at a profit and they also have a collectable value that can often outstrip the intrinsic gold value if he buys the right years at the right price
I remember those as rings that the boys used to wear at school when I was a teen! But where would you buy a quantity from? Do jewellers sell them?
Better to go abroad, you'll get beer quality gold at a cheaper price. Hong Kong is the best for 24 carat.
Nah, golds a commodity, worth the same no matter what country you buy it. You are safer buying in the UK where we have proper hallmarking.
You're right away hallmarking but there are certain hub markets for different carats. Having bought some in Hong Kong I assure you it's cheaper at the retail price. I think dubai is another hub for 22 carat or something.
I don't pay retail price, and anyone looking to invest shouldn't either. It's a myth that Dubai, Hong Kong etc is a better place to buy gold. You will get just as good a deal in the UK if you go to the right places and not the high street. It's a commodity worth the same in any country in the world. Middle eastern and Indian gold is the worst for buying a supposed carat only when you melt it to find out it's a lesser grade than you were told when buying
How do you get around buying retail? Is there a certain quantity you must buy? "
Go to Hatton garden if in London or the jewellery quarter if the Midlands. If you are genuinely interested in buying in quantity PM me and I will advise you who to see |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Putting it into gold sovereign coins would probably be a smarter move. Easier to hide plus theres no CGT payable if he sells them at a profit and they also have a collectable value that can often outstrip the intrinsic gold value if he buys the right years at the right price
I remember those as rings that the boys used to wear at school when I was a teen! But where would you buy a quantity from? Do jewellers sell them?
Better to go abroad, you'll get beer quality gold at a cheaper price. Hong Kong is the best for 24 carat.
Nah, golds a commodity, worth the same no matter what country you buy it. You are safer buying in the UK where we have proper hallmarking.
You're right away hallmarking but there are certain hub markets for different carats. Having bought some in Hong Kong I assure you it's cheaper at the retail price. I think dubai is another hub for 22 carat or something.
I don't pay retail price, and anyone looking to invest shouldn't either. It's a myth that Dubai, Hong Kong etc is a better place to buy gold. You will get just as good a deal in the UK if you go to the right places and not the high street. It's a commodity worth the same in any country in the world. Middle eastern and Indian gold is the worst for buying a supposed carat only when you melt it to find out it's a lesser grade than you were told when buying
How do you get around buying retail? Is there a certain quantity you must buy?
Go to Hatton garden if in London or the jewellery quarter if the Midlands. If you are genuinely interested in buying in quantity PM me and I will advise you who to see"
.
Heathrow airport, they bring it in by the plane load |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Just a word of warning about a thread like this....whatever people may say, get it checked out by a named expert rather than from an anonymous profile"
.
Do-gooder |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Only trying to point out that some comments may breach several provisions of the Financial Services and Markets Act 2000......
"
.
That sounds naughty.
Thank God I didn't mention which terminal at Heathrow airport is best....  |
Reply privately, Reply in forum +quote
or View forums list | |
"Only trying to point out that some comments may breach several provisions of the Financial Services and Markets Act 2000......
.
That sounds naughty.
Thank God I didn't mention which terminal at Heathrow airport is best.... "
pmsl  |
Reply privately, Reply in forum +quote
or View forums list | |
"Only trying to point out that some comments may breach several provisions of the Financial Services and Markets Act 2000......
.
That sounds naughty.
Thank God I didn't mention which terminal at Heathrow airport is best.... "
:D :D :D |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *htcMan
over a year ago
MK |
hard to say, gold price could go up or down at any time, diamonds are where there is alot of money in. but if you do invest in any, i wouldn't tell no body about it. and i would hide it in the most hardest place to find, such as under a floor board under carpet above bookcase. so very hard to find. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *litterbabe OP Woman
over a year ago
hiding from cock pics. |
It is easy to resell gold though but I don't think it is quite as easy to resell diamonds. Somebody would need a particular quality and size of diamond, where as gold is gold and can be made in to anything.
At least thats what makes sense to me.... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"hard to say, gold price could go up or down at any time, diamonds are where there is alot of money in. but if you do invest in any, i wouldn't tell no body about it. and i would hide it in the most hardest place to find, such as under a floor board under carpet above bookcase. so very hard to find. "
Do you remember who have hiding place worked in pulp fiction? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Wouldn't he be better buying jewellery in gold and keeping it in a safety deposit box. I can't see the contents insurers covering gold bullion in a property. Their underwriters would have faces like this "
Buying gold in the form of jewellery is a very poor investment £ per gram. |
Reply privately, Reply in forum +quote
or View forums list | |
"Putting it into gold sovereign coins would probably be a smarter move. Easier to hide plus theres no CGT payable if he sells them at a profit and they also have a collectable value that can often outstrip the intrinsic gold value if he buys the right years at the right price
I remember those as rings that the boys used to wear at school when I was a teen! But where would you buy a quantity from? Do jewellers sell them?
Better to go abroad, you'll get beer quality gold at a cheaper price. Hong Kong is the best for 24 carat.
Nah, golds a commodity, worth the same no matter what country you buy it. You are safer buying in the UK where we have proper hallmarking.
You're right away hallmarking but there are certain hub markets for different carats. Having bought some in Hong Kong I assure you it's cheaper at the retail price. I think dubai is another hub for 22 carat or something.
I don't pay retail price, and anyone looking to invest shouldn't either. It's a myth that Dubai, Hong Kong etc is a better place to buy gold. You will get just as good a deal in the UK if you go to the right places and not the high street. It's a commodity worth the same in any country in the world. Middle eastern and Indian gold is the worst for buying a supposed carat only when you melt it to find out it's a lesser grade than you were told when buying
How do you get around buying retail? Is there a certain quantity you must buy?
Go to Hatton garden if in London or the jewellery quarter if the Midlands. If you are genuinely interested in buying in quantity PM me and I will advise you who to see"
What sort of £values are you meaning btw? Several thousands? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"hard to say, gold price could go up or down at any time, diamonds are where there is alot of money in. but if you do invest in any, i wouldn't tell no body about it. and i would hide it in the most hardest place to find, such as under a floor board under carpet above bookcase. so very hard to find. "
Again, unless you have a very good wholesale contact I would strongly advise against anyone taking this advice and buying diamonds as an investment. I see people every week with diamonds they've bought on the high street and they are shocked at finding out the true value. Diamonds are not rare like advertising would like people to believe. The mark up charged for a diamond ring by a high street jeweller is shocking and the resale value a fraction of the price paid. Likewise as _litterbabe said selling them on is a completely different deal to gold which has a spot price and can be traded instantly |
Reply privately, Reply in forum +quote
or View forums list | |
I am a chartered financial adviser and a fellow of the PFS, I have and without pontificating have a fair amount of investment expertise. Nothing wrong with holding gold as an asset class, you can hold it physically or in an ETF or via specialist gold funds, diversification is always key to an investment strategy as everyone knows there are ups and downs of all asset classes. Most people are holding massive amounts of assets in one class anyway which is property, adding to that lack of diversification by holding physical gold which is not held in a secure location is not to be recommended. My recommendation is to go for a multi asset,multi managed globally diversified fund, that way you hold a diverse portfolio and significantly reduce the risks. And don't take the advice of the guy in the pub or your best mate at work on what to invest in, fools and their money are easily parted |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"in all seriousness, you will make more money buying a new rolex
your value will never drop and you will find it will double, triple in price
That's terrible investment advice, buying a new Rolex at retail money is no different from
Buying a new car, it loses a huge lump of value the second you walk out of the jewellers with it on your wrist. Double triple in price ?!? Nonsense. "
wow; should I take both the submariners back and say hey wait a minute you have over valued them, they are only worth a third of that you say, because someone on fab has told me that.
The blue face gold & stainless Submariner was around £3k when I bought new and it has just been valued around £8k now
remind me not to ask for your advice
cheers |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *LCCCouple
over a year ago
Cambridge |
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
He feels that he can hide them safely and is not just going to get any extra insurance as he feels that will not be worthwhile.
I think there are quite a few risks involved as if anybody finds out, they might break into the house. He says he wouldn't tell anybody but the bulion people shipping the gold out would know for a start.
I found it an interesting conversation but I don't know how much of a good idea it possibly is and I also know that gold can be very volatile, so he might not get back what he has invested.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?
Gold is actually a pretty poor investment over the long term. Stocks and houses both perform mug better. The only benefit of gold is that it tends to go up when stocks and shares go down. So depends why you want it but in the long term I'd say gold is a pretty poor 'investment'.
If you do it anyway then rent a security box in a bank. "
Over the time the Queen has been on the thrown it has averaged out at 2.5% growth per annum, so its not that bad an investment.
Another thing to consider is that its a global commodity, so if sterling loses its value, gold will generally keep it. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
He feels that he can hide them safely and is not just going to get any extra insurance as he feels that will not be worthwhile.
I think there are quite a few risks involved as if anybody finds out, they might break into the house. He says he wouldn't tell anybody but the bulion people shipping the gold out would know for a start.
I found it an interesting conversation but I don't know how much of a good idea it possibly is and I also know that gold can be very volatile, so he might not get back what he has invested.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?
Gold is actually a pretty poor investment over the long term. Stocks and houses both perform mug better. The only benefit of gold is that it tends to go up when stocks and shares go down. So depends why you want it but in the long term I'd say gold is a pretty poor 'investment'.
If you do it anyway then rent a security box in a bank.
Over the time the Queen has been on the thrown it has averaged out at 2.5% growth per annum, so its not that bad an investment.
Another thing to consider is that its a global commodity, so if sterling loses its value, gold will generally keep it."
2.5% return is not a good investment!!! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"in all seriousness, you will make more money buying a new rolex
your value will never drop and you will find it will double, triple in price
That's terrible investment advice, buying a new Rolex at retail money is no different from
Buying a new car, it loses a huge lump of value the second you walk out of the jewellers with it on your wrist. Double triple in price ?!? Nonsense.
wow; should I take both the submariners back and say hey wait a minute you have over valued them, they are only worth a third of that you say, because someone on fab has told me that.
The blue face gold & stainless Submariner was around £3k when I bought new and it has just been valued around £8k now
remind me not to ask for your advice
cheers "
Valued ? Try physically drawing £8k for it, it's worth what someone will pay you for it. You realise this is different to an insurance valuation right ?
Buying new rolexes in the high street for investment purposes is a mugs game plain & simple. Even if you did want to purchase watches I'd go for a better quality watch brand such as Patek. Vintage rolexes and second hand rolexes bought at the right money I could agree with but not buying new ones at Rolex dealers. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
He feels that he can hide them safely and is not just going to get any extra insurance as he feels that will not be worthwhile.
I think there are quite a few risks involved as if anybody finds out, they might break into the house. He says he wouldn't tell anybody but the bulion people shipping the gold out would know for a start.
I found it an interesting conversation but I don't know how much of a good idea it possibly is and I also know that gold can be very volatile, so he might not get back what he has invested.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?
Gold is actually a pretty poor investment over the long term. Stocks and houses both perform mug better. The only benefit of gold is that it tends to go up when stocks and shares go down. So depends why you want it but in the long term I'd say gold is a pretty poor 'investment'.
If you do it anyway then rent a security box in a bank.
Over the time the Queen has been on the thrown it has averaged out at 2.5% growth per annum, so its not that bad an investment.
Another thing to consider is that its a global commodity, so if sterling loses its value, gold will generally keep it."
If sterling loses its value your gold will actually increase in value as the gold price is priced in US$ |
Reply privately, Reply in forum +quote
or View forums list | |
Funnily enough, I have been looking at investments including gold.
Did you know that tungsten has the same density as gold?
Recently tungsten wrapped in gold has been turning up correctly hallmarked at some very reputable gold dealers...
Many bullion dealers will only buy gold they have supplied...
Stamps and Lego have out performed most commodities over the last few years...
Warren Buffet says gold is ideal for wealth transferance but not for investment...
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By *arry247Couple
over a year ago
Wakefield |
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?"
Totally illegal in the UK and if it was discovered by the authorities the gold would be confiscated. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Funnily enough, I have been looking at investments including gold.
Did you know that tungsten has the same density as gold?
Recently tungsten wrapped in gold has been turning up correctly hallmarked at some very reputable gold dealers...
Many bullion dealers will only buy gold they have supplied...
Stamps and Lego have out performed most commodities over the last few years...
Warren Buffet says gold is ideal for wealth transferance but not for investment...
"
If you decide physical gold is what you want to invest in, sovereigns for me make more sense than bars, there CGT exempt !!! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?
Totally illegal in the UK and if it was discovered by the authorities the gold would be confiscated."
How is it illegal ?? Although I personally wouldn't recommend it it's upto yourself to draw whatever you like out of your bank account spend it on gold and keep it at home. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
All depends on the money involved and the timescale for drawing on the investment but I've invested heavily in both land and various types of properties, both for myself and others and have always done quite well... Though I'm in it for the long term in general |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"All depends on the money involved and the timescale for drawing on the investment but I've invested heavily in both land and various types of properties, both for myself and others and have always done quite well... Though I'm in it for the long term in general "
In Scotland a lot of land is being sold off at this moment, and the Scottish government is opening up the opportunity to purchase |
Reply privately, Reply in forum +quote
or View forums list | |
"Funnily enough, I have been looking at investments including gold.
Did you know that tungsten has the same density as gold?
Recently tungsten wrapped in gold has been turning up correctly hallmarked at some very reputable gold dealers...
Many bullion dealers will only buy gold they have supplied...
Stamps and Lego have out performed most commodities over the last few years...
Warren Buffet says gold is ideal for wealth transferance but not for investment...
If you decide physical gold is what you want to invest in, sovereigns for me make more sense than bars, there CGT exempt !!! "
Totally agree... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
He feels that he can hide them safely and is not just going to get any extra insurance as he feels that will not be worthwhile.
I think there are quite a few risks involved as if anybody finds out, they might break into the house. He says he wouldn't tell anybody but the bulion people shipping the gold out would know for a start.
I found it an interesting conversation but I don't know how much of a good idea it possibly is and I also know that gold can be very volatile, so he might not get back what he has invested.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?"
So gold for the "omg everythings collapsing" scenario the one that that really did happen in a bad eay the govenrment just made it illegal to privatley hold gold and took it from everyone.
Also gold is currently on the down now the recession and doom and gloom is over |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Are some extra interesting points there for discussion. Also I received messages suggesting he should buy gold coins, and somebody else felt that by moving a significant amount of money from shares to a bullion dealer would lead to some kind of tax investigation.
I can't see how that's possible if the money has been legally earned and used to buy stocks and shares would be passing back through the bank system to a bullion dealer.
I would have thought it's only large cash deposits that would attract investigations."
As long as he pays tax when he sells the shares he would be fine.
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
Did you know that tungsten has the same density as gold?
"
Tungsten is about 75% the denisty of gold.
If tungsten is getting passed to "reputable dealers" they're not reputable.
Hell you could simply test its electrical resitance and prove it was fake (this is how many vending machines test coins).
Like literally 2 seconds is all it would take to prove a peice of tungsten with some gold around it was fake. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
He feels that he can hide them safely and is not just going to get any extra insurance as he feels that will not be worthwhile.
I think there are quite a few risks involved as if anybody finds out, they might break into the house. He says he wouldn't tell anybody but the bulion people shipping the gold out would know for a start.
I found it an interesting conversation but I don't know how much of a good idea it possibly is and I also know that gold can be very volatile, so he might not get back what he has invested.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?
Gold is actually a pretty poor investment over the long term. Stocks and houses both perform mug better. The only benefit of gold is that it tends to go up when stocks and shares go down. So depends why you want it but in the long term I'd say gold is a pretty poor 'investment'.
If you do it anyway then rent a security box in a bank.
Over the time the Queen has been on the thrown it has averaged out at 2.5% growth per annum, so its not that bad an investment.
Another thing to consider is that its a global commodity, so if sterling loses its value, gold will generally keep it."
2.5% is pretty piss poor.
Could beat that with a current account let alone shares.
Ftse 100 at greater than ten years investment nearly always produces good returns (dot com bubble skews the numbers) |
Reply privately, Reply in forum +quote
or View forums list | |
"I'm going to build a huge underground room somewhere (with all the necessary safety precautions).
Then I'm going to take all my money out of the bank and buy barrels of oil.
I will then put the barrels of oil in the underground room.
Then I'm going to get my lawn chair, sit on my stockpile, and wait 40 years. Gold? Pfft.
"
Hahaha brilliant! I agree, utter nonsense! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Don't know why your all messing with gold. The older Lego is worth more per kilo at the moment!! Sad but true (it's not sad, legos awesome!) "
You're not wrong, plenty of times I've seen Lego out sell everything at auction |
Reply privately, Reply in forum +quote
or View forums list | |
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
He feels that he can hide them safely and is not just going to get any extra insurance as he feels that will not be worthwhile.
I think there are quite a few risks involved as if anybody finds out, they might break into the house. He says he wouldn't tell anybody but the bulion people shipping the gold out would know for a start.
I found it an interesting conversation but I don't know how much of a good idea it possibly is and I also know that gold can be very volatile, so he might not get back what he has invested.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?
Gold is actually a pretty poor investment over the long term. Stocks and houses both perform mug better. The only benefit of gold is that it tends to go up when stocks and shares go down. So depends why you want it but in the long term I'd say gold is a pretty poor 'investment'.
If you do it anyway then rent a security box in a bank.
Over the time the Queen has been on the thrown it has averaged out at 2.5% growth per annum, so its not that bad an investment.
Another thing to consider is that its a global commodity, so if sterling loses its value, gold will generally keep it.
2.5% is pretty piss poor.
Could beat that with a current account let alone shares.
Ftse 100 at greater than ten years investment nearly always produces good returns (dot com bubble skews the numbers)"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Lego and stamps out perform gold, woohoo... I've still got loads of Lego at home, in fact i can but it from the Lego shop at 150 quid a kilo and sell at 40k.
And I've had several letters with stamps on this morning so I'll cash them in as well |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others."
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Just came in to say Lego is a better investment at the moment, but beaten to it by a few people. Seriously though - unopened discontinued sets are almost always worth a hefty chunk more than they originally sold for - espcially from franchises like Star Wars. But then, who has unopened Lego sets? |
Reply privately, Reply in forum +quote
or View forums list | |
"
Did you know that tungsten has the same density as gold?
Tungsten is about 75% the denisty of gold.
If tungsten is getting passed to "reputable dealers" they're not reputable.
Hell you could simply test its electrical resitance and prove it was fake (this is how many vending machines test coins).
Like literally 2 seconds is all it would take to prove a peice of tungsten with some gold around it was fake."
I was only going by a TV programme the other day.
The small gold bars come in plastic packaging, so I take that they had not been opened and that the packaging had been used for authentication as it's basically the certification.
They went on to say that producing fake gold bullion is a sport in China... |
Reply privately, Reply in forum +quote
or View forums list | |
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares. "
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time.... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Just came in to say Lego is a better investment at the moment, but beaten to it by a few people. Seriously though - unopened discontinued sets are almost always worth a hefty chunk more than they originally sold for - espcially from franchises like Star Wars. But then, who has unopened Lego sets? "
.
Makes you wonder why central banks don't hold Lego reserves? |
Reply privately, Reply in forum +quote
or View forums list | |
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time...."
I'd agree balanced is not only not a myth it's a very astute position for most , none gamblers to hold
Time in the market is as rewarding as timing the market
So you pick gold or houses as a single asset class
They do well
But as acknowledged most will follow an undulating path
Its all very well saying don't touch the investment in a dip but life does not work like that
People will need access to money at random and unexpected times
The long term balanced approach means at any point in future when a NEED for cash is required the investor will not need to cash in an asset class that is on its down curve
Time in market with good balance should usually provide a dividend or income that will compound the investment which can be reinvested in an asset class on its down cycle for example mining or banking right now but not housing or gold or pharmaceutical
|
Reply privately, Reply in forum +quote
or View forums list | |
"Just came in to say Lego is a better investment at the moment, but beaten to it by a few people. Seriously though - unopened discontinued sets are almost always worth a hefty chunk more than they originally sold for - espcially from franchises like Star Wars. But then, who has unopened Lego sets? .
Makes you wonder why central banks don't hold Lego reserves? "
It's not any old Lego unfortunately...  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Just came in to say Lego is a better investment at the moment, but beaten to it by a few people. Seriously though - unopened discontinued sets are almost always worth a hefty chunk more than they originally sold for - espcially from franchises like Star Wars. But then, who has unopened Lego sets? .
Makes you wonder why central banks don't hold Lego reserves?
It's not any old Lego unfortunately... "
.
Is it that special 24ct gold Lego  |
Reply privately, Reply in forum +quote
or View forums list | |
"Just came in to say Lego is a better investment at the moment, but beaten to it by a few people. Seriously though - unopened discontinued sets are almost always worth a hefty chunk more than they originally sold for - espcially from franchises like Star Wars. But then, who has unopened Lego sets? .
Makes you wonder why central banks don't hold Lego reserves?
It's not any old Lego unfortunately... .
Is it that special 24ct gold Lego "
no it's unopened limited edition things like the Star Wars sets... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time...."
Basically because it doesn't work. Try reading something like Douglas Hubbard and the failure of risk management or Lowensteins 'when genius failed'. Modern Portfolio Theory as coined by Markowitz is the typical Nobel prize economics stuff that looks great in a limited, sterile mathematical model but falls the pieces in the real world. Next you'll tell me that you still believe in Black-Scholes!! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time....
I'd agree balanced is not only not a myth it's a very astute position for most , none gamblers to hold
Time in the market is as rewarding as timing the market
So you pick gold or houses as a single asset class
They do well
But as acknowledged most will follow an undulating path
Its all very well saying don't touch the investment in a dip but life does not work like that
People will need access to money at random and unexpected times
The long term balanced approach means at any point in future when a NEED for cash is required the investor will not need to cash in an asset class that is on its down curve
Time in market with good balance should usually provide a dividend or income that will compound the investment which can be reinvested in an asset class on its down cycle for example mining or banking right now but not housing or gold or pharmaceutical
"
Ironically, if you're talking about buying gold then you have some cash. If you really need access to cash at random times then... keep the cash in a bank. Problem solved. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time....
Basically because it doesn't work. Try reading something like Douglas Hubbard and the failure of risk management or Lowensteins 'when genius failed'. Modern Portfolio Theory as coined by Markowitz is the typical Nobel prize economics stuff that looks great in a limited, sterile mathematical model but falls the pieces in the real world. Next you'll tell me that you still believe in Black-Scholes!! "
.
Or like long term capital management who made returns of 20%,40%,43% and then went bust for billions before being bailed out by the public!!.
Yeah them capitalists and their risk reward!.
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time....
Basically because it doesn't work. Try reading something like Douglas Hubbard and the failure of risk management or Lowensteins 'when genius failed'. Modern Portfolio Theory as coined by Markowitz is the typical Nobel prize economics stuff that looks great in a limited, sterile mathematical model but falls the pieces in the real world. Next you'll tell me that you still believe in Black-Scholes!! .
Or like long term capital management who made returns of 20%,40%,43% and then went bust for billions before being bailed out by the public!!.
Yeah them capitalists and their risk reward!.
"
A company stuffed full of Nobel prize winning economists like Markowitz...
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time....
Basically because it doesn't work. Try reading something like Douglas Hubbard and the failure of risk management or Lowensteins 'when genius failed'. Modern Portfolio Theory as coined by Markowitz is the typical Nobel prize economics stuff that looks great in a limited, sterile mathematical model but falls the pieces in the real world. Next you'll tell me that you still believe in Black-Scholes!! .
Or like long term capital management who made returns of 20%,40%,43% and then went bust for billions before being bailed out by the public!!.
Yeah them capitalists and their risk reward!.
A company stuffed full of Nobel prize winning economists like Markowitz...
"
.
Agreed! |
Reply privately, Reply in forum +quote
or View forums list | |
Imagine the delights of a burnt house, though the 'hidden' gold was pilfered. You get out of hospital, post recovery, to find your home and secret stash all gone. It wouldn't be a good insurance result. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *LCCCouple
over a year ago
Cambridge |
"Just came in to say Lego is a better investment at the moment, but beaten to it by a few people. Seriously though - unopened discontinued sets are almost always worth a hefty chunk more than they originally sold for - espcially from franchises like Star Wars. But then, who has unopened Lego sets? .
Makes you wonder why central banks don't hold Lego reserves? "
That would be cool as Fuck! Sack Mark Carney and just get a great lego builder instead. Currencies could fluctuate against each other based on how cool a space ship their central bank could build |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *abioMan
over a year ago
Newcastle and Gateshead |
"I am a Nigerian general with a BBC
. Send me your moneys and I will email you back your gold.
"
only if you say in your best bad dude from captain philips style...
"i am the captain now!!!".... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I am a Nigerian general with a BBC
. Send me your moneys and I will email you back your gold.
only if you say in your best bad dude from captain philips style...
"i am the captain now!!!"...."
last King of Scotland? |
Reply privately, Reply in forum +quote
or View forums list | |
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time....
I'd agree balanced is not only not a myth it's a very astute position for most , none gamblers to hold
Time in the market is as rewarding as timing the market
So you pick gold or houses as a single asset class
They do well
But as acknowledged most will follow an undulating path
Its all very well saying don't touch the investment in a dip but life does not work like that
People will need access to money at random and unexpected times
The long term balanced approach means at any point in future when a NEED for cash is required the investor will not need to cash in an asset class that is on its down curve
Time in market with good balance should usually provide a dividend or income that will compound the investment which can be reinvested in an asset class on its down cycle for example mining or banking right now but not housing or gold or pharmaceutical
Ironically, if you're talking about buying gold then you have some cash. If you really need access to cash at random times then... keep the cash in a bank. Problem solved. "
Everyone needs cash at random times
A balanced approach includes a cash low interest instant access position
However one would assume that most people would like an opportunity for their money to keep pace with or beat inflation
Thus a spread approach even if not as potentially up side as single asset gambling also softens the risk side of needing a lump sum beyond that of instant access savings
|
Reply privately, Reply in forum +quote
or View forums list | |
"I recently had a very interesting conversation with a friend who currently has money invested via the bank in the stock market, and he's thinking of drawing it out and buying gold bars to hide around his house. He feels that he would rather have the money in liquid assets and his home them in a bank or invested in the stock market.
He feels that he can hide them safely and is not just going to get any extra insurance as he feels that will not be worthwhile.
I think there are quite a few risks involved as if anybody finds out, they might break into the house. He says he wouldn't tell anybody but the bulion people shipping the gold out would know for a start.
I found it an interesting conversation but I don't know how much of a good idea it possibly is and I also know that gold can be very volatile, so he might not get back what he has invested.
Would you feel it is a safe investment, and would you be worried having a lot of money hidden in gold around your home?"
If you analyse the performance of the stock market over the past fifty years , the returns from it are better than any other investment .
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time....
I'd agree balanced is not only not a myth it's a very astute position for most , none gamblers to hold
Time in the market is as rewarding as timing the market
So you pick gold or houses as a single asset class
They do well
But as acknowledged most will follow an undulating path
Its all very well saying don't touch the investment in a dip but life does not work like that
People will need access to money at random and unexpected times
The long term balanced approach means at any point in future when a NEED for cash is required the investor will not need to cash in an asset class that is on its down curve
Time in market with good balance should usually provide a dividend or income that will compound the investment which can be reinvested in an asset class on its down cycle for example mining or banking right now but not housing or gold or pharmaceutical
Ironically, if you're talking about buying gold then you have some cash. If you really need access to cash at random times then... keep the cash in a bank. Problem solved.
Everyone needs cash at random times
A balanced approach includes a cash low interest instant access position
However one would assume that most people would like an opportunity for their money to keep pace with or beat inflation
Thus a spread approach even if not as potentially up side as single asset gambling also softens the risk side of needing a lump sum beyond that of instant access savings
"
You're not a fan of Peter lynch then? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *litterbabe OP Woman
over a year ago
hiding from cock pics. |
About the people suggesting coins, instead of bars, the spread between what you can buy and sell coins at seems to be much bigger so although you don't pay capital gains tax unless you have made £11000 in a year, you look like a high percentage on the coins. Or are we somehow missing something? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *B9 QueenWoman
over a year ago
Over the rainbow, under the bridge |
Since being burgled I wouldn't trust to have a lot of portable valuables around the house.
They ripped my house apart looking for valuables. Places I had thought would be safe were easily found.
Interestingly though, the one thing they didn't empty was my box of tampons. I doubt you'd get many gold bars in there though. |
Reply privately, Reply in forum +quote
or View forums list | |
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time....
I'd agree balanced is not only not a myth it's a very astute position for most , none gamblers to hold
Time in the market is as rewarding as timing the market
So you pick gold or houses as a single asset class
They do well
But as acknowledged most will follow an undulating path
Its all very well saying don't touch the investment in a dip but life does not work like that
People will need access to money at random and unexpected times
The long term balanced approach means at any point in future when a NEED for cash is required the investor will not need to cash in an asset class that is on its down curve
Time in market with good balance should usually provide a dividend or income that will compound the investment which can be reinvested in an asset class on its down cycle for example mining or banking right now but not housing or gold or pharmaceutical
Ironically, if you're talking about buying gold then you have some cash. If you really need access to cash at random times then... keep the cash in a bank. Problem solved.
Everyone needs cash at random times
A balanced approach includes a cash low interest instant access position
However one would assume that most people would like an opportunity for their money to keep pace with or beat inflation
Thus a spread approach even if not as potentially up side as single asset gambling also softens the risk side of needing a lump sum beyond that of instant access savings
You're not a fan of Peter lynch then? "
To my knowledge Mr lynch was not an advocate of single stock gambling I will note and fab is an example know is a very subjective word
I think we may note his success was based upon buying a spread of shares
Beating any particular index is not difficult depending. Upon the timing of the assessment
Betting on Anglo American this year has smashed the ft however it's trading 75 percent less than 2 years ago
Good dividend still though
You said spread risk investing was a myth as practical way for Joe average . I disagree and think Mr lynch would too xxx |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time....
I'd agree balanced is not only not a myth it's a very astute position for most , none gamblers to hold
Time in the market is as rewarding as timing the market
So you pick gold or houses as a single asset class
They do well
But as acknowledged most will follow an undulating path
Its all very well saying don't touch the investment in a dip but life does not work like that
People will need access to money at random and unexpected times
The long term balanced approach means at any point in future when a NEED for cash is required the investor will not need to cash in an asset class that is on its down curve
Time in market with good balance should usually provide a dividend or income that will compound the investment which can be reinvested in an asset class on its down cycle for example mining or banking right now but not housing or gold or pharmaceutical
Ironically, if you're talking about buying gold then you have some cash. If you really need access to cash at random times then... keep the cash in a bank. Problem solved.
Everyone needs cash at random times
A balanced approach includes a cash low interest instant access position
However one would assume that most people would like an opportunity for their money to keep pace with or beat inflation
Thus a spread approach even if not as potentially up side as single asset gambling also softens the risk side of needing a lump sum beyond that of instant access savings
You're not a fan of Peter lynch then?
To my knowledge Mr lynch was not an advocate of single stock gambling I will note and fab is an example know is a very subjective word
I think we may note his success was based upon buying a spread of shares
Beating any particular index is not difficult depending. Upon the timing of the assessment
Betting on Anglo American this year has smashed the ft however it's trading 75 percent less than 2 years ago
Good dividend still though
You said spread risk investing was a myth as practical way for Joe average . I disagree and think Mr lynch would too xxx"
Well he's an advocate of investing in what you know and also coined the phrase 'divorsification' so unless you know a lot about a lot then he would advocate a limited set than you're implying |
Reply privately, Reply in forum +quote
or View forums list | |
My doubloons are now in a tampon box.
Or should we store some bits like the Staffordshire hoard, buried and safe for future generations - if we forget where it is etc. That would be my likely error. |
Reply privately, Reply in forum +quote
or View forums list | |
"
For the average man on the street you'll need to construct a more balanced portfolio in line with your tolerance to loss. This could consist of all the major and sub asset classes.
The whole idea is lack of correlation between certain asset classes and therefore you protect your assets somewhat by having assets that perform better at times than others.
Balanced portfolio is largely a myth. The only real advantage to gold is that it tends to do well when other assets do shite. But so what? Unless you actually need the cash in bad years then just hold on to your other assets that are temporarily down (e.g. shares). You'll do far better in the long run that way. You only make a real loss if you sell your shares, otherwise it's just a paper loss.
You'd do far better with property income for a steady stream of rental income (good times and bad) and a bunch of dividend paying shares.
How is a balanced portfolio a myth?!? I'd love to know your expertise on modern portfolio theory lol
It's not a myth, most people unless experienced investors don't have the knowledge to pick stocks, time the market or even move to cash/gold st the right time....
I'd agree balanced is not only not a myth it's a very astute position for most , none gamblers to hold
Time in the market is as rewarding as timing the market
So you pick gold or houses as a single asset class
They do well
But as acknowledged most will follow an undulating path
Its all very well saying don't touch the investment in a dip but life does not work like that
People will need access to money at random and unexpected times
The long term balanced approach means at any point in future when a NEED for cash is required the investor will not need to cash in an asset class that is on its down curve
Time in market with good balance should usually provide a dividend or income that will compound the investment which can be reinvested in an asset class on its down cycle for example mining or banking right now but not housing or gold or pharmaceutical
Ironically, if you're talking about buying gold then you have some cash. If you really need access to cash at random times then... keep the cash in a bank. Problem solved.
Everyone needs cash at random times
A balanced approach includes a cash low interest instant access position
However one would assume that most people would like an opportunity for their money to keep pace with or beat inflation
Thus a spread approach even if not as potentially up side as single asset gambling also softens the risk side of needing a lump sum beyond that of instant access savings
You're not a fan of Peter lynch then?
To my knowledge Mr lynch was not an advocate of single stock gambling I will note and fab is an example know is a very subjective word
I think we may note his success was based upon buying a spread of shares
Beating any particular index is not difficult depending. Upon the timing of the assessment
Betting on Anglo American this year has smashed the ft however it's trading 75 percent less than 2 years ago
Good dividend still though
You said spread risk investing was a myth as practical way for Joe average . I disagree and think Mr lynch would too xxx
Well he's an advocate of investing in what you know and also coined the phrase 'divorsification' so unless you know a lot about a lot then he would advocate a limited set than you're implying"
Then you have grossly miss inferred what I am saying
I aimed not to imply anything other then disagree with you suggesting diversification was a myth .I thought I was quite clear on that point xxx |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"A good day for people holding gold in their home lol get yourselves down the jewellery quarter/Hatton garden quick before the £ stabilises "
Was always going to happen following an exit vote.
Gold shot up over £100 per oz
Silver nearly £2 per oz.
Already starting to stabilise though |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Has anybody used a company called Bullion Vault? It seems a really good way of investing and the charges seem reasonable."
There's cheaper online dealers out there.
Gold.co.uk seems the cheapest. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I stack silver, usually buy by the 10z bar.
Buying gold is a lot harder to stack and get the benefits of buying larger bars
A 10oz bar of gold would be well over £9000 and the smaller bars have a higher price over spot.
Silver and gold are rising quite a lot, personally I think it's due to the upcoming referendum.
Silver was under £10 per oz not long ago and is edging over £12.50 currently. "
Look at Silvers long term decline, say over 30 years |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"They only charge a half a percentage over spot to buy or sell.
I started researching and chatting about this for a friend but actually I've become so interested in it now."
Go for it
Not very liquid compared to other investments
Don't need to buy gold to be exposed to it
Ie you could just buy a Gold ETF
Also it's price varies based on economic risk
Might be buying at a peak, although gold has suffered of late.
Doesn't yield a return expect price rises if demand goes up |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"They only charge a half a percentage over spot to buy or sell.
I started researching and chatting about this for a friend but actually I've become so interested in it now."
I've just looked at their website, so they hold the gold for you? Can't see anything about delivery.
Taking physical possession of any old investment is one of the main "rules" of investing in any precious metal. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
I would never take investment advice from a anonymous message board...
The last time I took investment advice on a message board..... , I ended buying all the Star Wars toys before and after the movie came out. The guy said if I didn't open the packages , in 20 years I would be a billionaire |
Reply privately, Reply in forum +quote
or View forums list | |
Gold is an unrealistic investment.
To buy even the smallest quantities (1/10oz, 1/4oz, 1/2oz & 1oz form) you pay the dealer 1.5-2% on top of the value and then you have to sell it at above that face value (plus interest) to realise a profit.
In the same way that the family home should not be regarded as an investment, gold bullion is not an investment per se, rather a form of ‘saving for a rainy day’ or of financial insurance. You shouldn’t trade your gold. You wouldn’t trade an insurance policy, so don’t trade your gold.
Basically, you shouldn't have voted for Brexit |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Gold is an unrealistic investment.
To buy even the smallest quantities (1/10oz, 1/4oz, 1/2oz & 1oz form) you pay the dealer 1.5-2% on top of the value and then you have to sell it at above that face value (plus interest) to realise a profit.
In the same way that the family home should not be regarded as an investment, gold bullion is not an investment per se, rather a form of ‘saving for a rainy day’ or of financial insurance. You shouldn’t trade your gold. You wouldn’t trade an insurance policy, so don’t trade your gold.
Basically, you shouldn't have voted for Brexit "
Of course you can trade gold,just via an ETF to get an easier exposure
It's a commodity like any other
Houses are for investment as well as living in |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
