GOLDMAN 555

I have just some gold bars as an investment(it is my belief that the global economy is heading into the POO pile.....)

Reasons:
UK house prices
UK inflation
War in the Middle East(Iran)
Hedge funds with massive over leverage
leverage in the financial markets in general

Does anyone have any opinions on this.... I'm thinking about buying some more gold.

warrenm2

yeah - gold price is more to do with US money supply (M0, M3 etc).....

J4CKO

iTrader: (1)

Have you not heard about that huge open cast mine coming on stream in Siberia, global production is set to rocket as the the dense seams are borne in very easy to process rock which lie close to the surface. This was all in the Times a coiuple of weeks back ?

Dont know what it will do to prices though ?

J4CKO

iTrader: (1)

Hmm,

































Only kidding !

Deep Singh

GM, how/where are you storing the bars and how much does it cost including insurance to do so?

fast bloke

I'm not that sure that these will help you out when it all goes **** up, but if you thought that this was the right path, would a yorkie not offer better value for money?

Deep Singh

Depends if it was plain or with raisins


Of course it wouldn't. Gold has always had worth and is recognised as so around the world. It has industrial uses and the growing Indian and Chinese economies will also need it as it is used extensively for weddings.

So unless you are going to make electrical components from chocolate or expect Liz Hurley to wear a chocolate necklace this summer I'd stick with the gold bullion.

Paul3446

Quote:
"Liz Hurley to wear a chocolate necklace "


Is this a sexual fantasy?

EddScott

Pearl for me please



PS - Why not invest using financial products in gold? Merril Lynch Gold and General - Up and down like a ****** draws!

Deep Singh

Because Goldman wants a hedge against a worldwide banking/financial collapse. If you believe in such a thing then its no point having your money with Merril.

GOLDMAN 555

Use a service called bullionvault.com it's a fairly economical way of investing.

Is pointless storing the gold yourself as no one will want to buy it off you in case you've coated a chocolate bar in gold or something.

I think the gold fund you are talking about with Merrill Lynch invests in mining stocks these are very volatile.

I just think the US or Israel is going to bomb Iran geographically Iran control a pinch point in the Gulf and they could quite easily seriously disrupt the oil flow.........

Anyway is better than putting it into buy to let with all the other lemmings.

fast bloke

While that is unarguably true, the picture I was referring to was a bar of chocolate

Suresh

I've got some UBS kinebars if anyone wants them? Small gold bars with holograms printed on them. Rather difficult to forge I expect and they certainly won't melt at room temperature unlike that "Goldkenn" rubbish!

Back on topic: looks like gold hit it's highs around 9 months ago and is now just sitting on a plateau waiting to break out (downwards?)