Investing in gold

godskitchen

Hello all,

My parents, some time last year, invested some money in a scheme run by their bank, where the bank would invest/manage shares for them.

Of course it goes without saying that they have lost a fair bit of money as a result.

I wont even start on the banking situation here, or the people working in it.:eek:

Anyway, they want to pull the money out and are looking for something a little less volatile to invest in.

From my limited knowledge on the markets/gold/economics (seems like everyone has limited knowledge right now though!) I think Gold might be the way to go.

It seems to rise in value as the $ weakens and from what I have been reading the $ will fall to new lows soon. This info is from the same people that predicted/spoke about the poo storm we are now in. Peter Schiff being one example. http://en.wikipedia.org/wiki/Peter_Schiff

What do you all think? Does anyone on here have any experience of buyinhg Gold?

This would be a long term investment, 20+ years. Its this or putting it under the mattress!

Cheers for any help.

Time Magazine

If it's 20 years, it's possible to make a fortune. Probably not on gold, though, and certainly not on gold alone.

Moved from Economics.

An Ri rua

godskitchen wrote: »

What do you all think? Does anyone on here have any experience of buyinhg Gold?

This would be a long term investment, 20+ years. Its this or putting it under the mattress!

Cheers for any help.

Well worth a read of www.moneyweek.com and www.moneyandmarkets.com. 20 years is way too long when you consider the current volatility. Certain good companies may get wiped out, due to lack of reserves or lack of sales for instance. Currencies are always a bull market but this is of no use to a passive investor like your parents' position. For the next 6 months, gold may appreciate considerably. But after that, it too may succomb to deflation. Its now looking more likely that deflation will win out in the balancing act re inflation. The trillions of debt are now simply too big to overcome. Unless of course the G20 decide to do the unthinkable and devalue all G20 currencies together. Then gold could conceivably see 10k an ounce. These kinds of short-term plays are not for the fainthearted. If its serious deflation, then get your money into a Post office or some sort of guaranteed bond. If things pick up in one year (stateside, Britain is kaput), then there may be star picks, but for now tread very carefully and, until the tsunami has hit, hold onto your cash. Despite what any expert tells you, there are NO sure investments for at least 2-4 quarters.

pocketdooz

An Ri rua wrote: »

Well worth a read of www.moneyweek.com and www.moneyandmarkets.com. 20 years is way too long when you consider the current volatility. Certain good companies may get wiped out, due to lack of reserves or lack of sales for instance. Currencies are always a bull market but this is of no use to a passive investor like your parents' position. For the next 6 months, gold may appreciate considerably. But after that, it too may succomb to deflation. Its now looking more likely that deflation will win out in the balancing act re inflation. The trillions of debt are now simply too big to overcome. Unless of course the G20 decide to do the unthinkable and devalue all G20 currencies together. Then gold could conceivably see 10k an ounce These kinds of short-term plays are not for the fainthearted. If its serious deflation, then get your money into a Post office or some sort of guaranteed bond. If things pick up in one year (stateside, Britain is kaput), then there may be star picks, but for now tread very carefully and, until the tsunami has hit, hold onto your cash. Despite what any expert tells you, there are NO sure investments for at least 2-4 quarters.

Hi

no offence but this post is all wrong.

Your thinking is flawed and alot of your assumptions of what might happen are way off the mark

I would disregard this advice OP

imo

An Ri rua

An Ri rua wrote: »

Well worth a read of www.moneyweek.com and www.moneyandmarkets.com. 20 years is way too long when you consider the current volatility. Certain good companies may get wiped out, due to lack of reserves or lack of sales for instance. Currencies are always a bull market but this is of no use to a passive investor like your parents' position. For the next 6 months, gold may appreciate considerably. But after that, it too may succomb to deflation. Its now looking more likely that deflation will win out in the balancing act re inflation. The trillions of debt are now simply too big to overcome. Unless of course the G20 decide to do the unthinkable and devalue all G20 currencies together. Then gold could conceivably see 10k an ounce. These kinds of short-term plays are not for the fainthearted. If its serious deflation, then get your money into a Post office or some sort of guaranteed bond. If things pick up in one year (stateside, Britain is kaput), then there may be star picks, but for now tread very carefully and, until the tsunami has hit, hold onto your cash. Despite what any expert tells you, there are NO sure investments for at least 2-4 quarters.

please explain...EVERYTHING