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Gold buying advice to UK investor please (pro and con)
Ms Sans Serif
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[quote:Anonymous Coward 26548545:MV8yMTIzMjY0XzM1ODI2MTk3X0Y0RTk3QzlB] i do it a bit differently, i dont use my money, i use my energy to find new ways of making money or products to specifically buy silver. i am currently selling junk on ebay, never a thought on price or money, its purely energy spent for silver, just a different way of thinking i guess but it works great, so instead of thinking about spending youre money on silver think of a way you can spend some time and energy where the end result is silver, i hope that makes sense, started thinking in terms of energy spent instead of spending money, its the all mighty dollar that is in decline not silver.then there is no fear or worries. it doesnt take too much energy with a creative mind to aquire a silver round. so tonight shut the tv off for two hours and spend some time on obtaining gold or silver, find some crap laying around the house you dont use and put on ebay, or sell or trade to get silver, perhaps you are crafty, . i have two chainsaws i just rebuilt im going to turn into 10 ounces of silver, the thought of making money off these efforts never entered my mind, couple hours a week for two weeks and they are going on ebay soon, then i get paid and instantly buy silver, energy well spent, the energy i spend getting money has stayed consistent, its not should i but how will you, anyway i have fun and i would not have a stack of rounds if i was thinking the way i used too. spend some energy on a garden too, hope i make sense, good luck [/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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