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Gold buying advice to UK investor please (pro and con)
Ms Sans Serif
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[quote:Philligan:MV8yMTIzMjY0XzM1ODI1Njc5XzlBMjhDNTc4] April yes, also buy silver. I actually prefer silver right now because it is easier to accumulate. Doesnt take up as much space etc. you can buy a little of both uncirculated and just regular rounds or 10 oz bars. I have a lot of silver and gold but most recently began collecting graded silver. Pf 70 Ms 70 etc and Morgan Silver Dollars. It is a very fun hobby and keep in mind that you are not spending money frivolously you are actually buying money so to speak if that makes sense. Most online companies are overpriced but they have great quality products. If you have a local coin shop I would go there for your volume buys while sticking to the online places for your top line buys or collectibles. THey are expensive but check out Apmex: http://www.apmex.com/ Its like a kid in a candy store when im on that site [/quote]
I would like to get lots of advice, pro and con about buying gold.
I am in the UK but would welcome input from all.
Here is my situation.
I am mortgage and debt free.
Inflation has made me concentrate on buying in tinned and non perishable goods. I have several years supplies and have quite frankly run out of storage space.
I have bought clothing that will last me several years (eg prices for cheap trainers have doubled in 18 months) so i have several years in hand now.
I have cash in hand to deal with emergencies.
I garden and have good tools and several years of seed storage on hand.
It is the usual problem that you need to have many thousands of pounds before a savings account pays interest above our inflation rate.
I have an account but it pays 0.25% to savings below £5000 (thats why i stocked up on food that was increasing in price at a huge rate)
Would it be a good idea to start buying gold ?
(even in small amounts)
Does anyone have any reputable links for UK companies ?.
Do any of you people have alternative ideas for me ?
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