Rick Posted June 3, 2008 Report Posted June 3, 2008 i have some spare money that i need to leave alone and am thinking of investing it in gold bullion/coins, I dont like the banks having all my money. has anyone else done similar and did you make any profit on it and over what period of time?
Durham Fiesta Posted June 3, 2008 Report Posted June 3, 2008 where would you buy the gold bullion from?????
Nettles Posted June 3, 2008 Report Posted June 3, 2008 The price of gold and the other precious metals has risen a lot over the past few months but it does fluctuate and there’s no guarantee that it will continue to rise. Second hand jewellery such as gents watches can be a good investment but you really need to know what your buying before you commit. Probably better off investing in another OSF and storing it for a few years!
Rick Posted June 4, 2008 Author Report Posted June 4, 2008 very true that maybe i should buy a couple of fiestas, theyre prob more likely to skyrocket you can buy bullion and stamped gold most places in 1g bars upto hefty great bars
4parajon Posted June 4, 2008 Report Posted June 4, 2008 I'm no expert Rick but I would think you will need to buy lots to get some return on it and the risk is certainly greater than a high street bank. I would stick it in an ISA if I was you, there not bad on interest rates.
SmokeEm Posted June 4, 2008 Report Posted June 4, 2008 Give it to Gordon Brown mate - I've heard he's an expert in selling gold at just the right time
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