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Gold buying advice to UK investor please (pro and con)
Ms Sans Serif
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[quote:Anonymous Coward 33288605:MV8yMTIzMjY0XzM1ODI1NzE4X0JBQjczODVG] [quote:bill shitters 1.2:MV8yMTIzMjY0XzM1ODI1NjE2XzVDQ0Q3RjZG] Gold is good but just too rich for an awfully lot of people Silver is always cheep but when weighed in you will easily lose the vat bit of the price unless floggged to seakers [/quote] Could you explain that a bit more to me please ? (I am very new to this) Do you mean that if i offered gold, most people would be unsure of the value (as i am) BUT the ordinary bloke on the street would be able to rate silver in value. I dont know the term seakers BUT i guess they are like the adverts on tv that know the real price but are hunting for people desperate to sell at a low price ? Thanks so much, April [/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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