gold?

oceanman

hi anyone know the best place to buy gold bullion or coins in dublin, or what would be the best way to buy some gold as an investment?
thanks.

davdvn

there was a programme on rte the other night with that little fella from "show me the money" cant think of his name offhand.
or the name of the programme (sorry) but they were talking about gold and investing in it.
if you go to rte player online you should find it.
i think it was monday or tuesday it was on.
sorry i cant be anymore help but it is nearly 05:30.
good luck with the gold digging.

irishh_bob

oceanman wrote: »

hi anyone know the best place to buy gold bullion or coins in dublin, or what would be the best way to buy some gold as an investment?
thanks.[/QUOTE

goldcore = 01 6325010

oceanman

thanks for that folks. would coins be the best way to go!

meglome

Go to a local auction... http://www.jwa.ie , nice people. One on Tuesday afternoon I believe.

mono627

Why do you think gold is a good investment at the moment? Have you considered the possibility of it being a bubble? Do you think that all risk factors have already been priced into the market and that maybe you've missed the boat on this one?

Just interested to see what your thinking behind this is.

oceanman

well i was thinking of buying some gold for a long term investment, i know in the short term it may go up or down, but in the long term it has always gone up! you see there is only so much of it mined out of the earth every year, so i think demand will always outstrip supply.
i could be wrong though! thats the gamble i guess!

mono627

oceanman wrote: »

well i was thinking of buying some gold for a long term investment, i know in the short term it may go up or down, but in the long term it has always gone up! you see there is only so much of it mined out of the earth every year, so i think demand will always outstrip supply.
i could be wrong though! thats the gamble i guess!

Unfortunately you can't guarantee this about any asset class, there are no guarantees in the markets.

Gold is near enough its all time high, if this were indeed a bubble (and it shows all the signs of being one) it could drop a lot faster than it could climb.

Maybe this could even be a shoe shine moment, when the average joe in the street is talking about investing in gold, does that not indicate an overbought signal to you?

I'm not saying that this is my opinion of gold because to be honest I don't particularly have one, I'm just playing devils advocate here.

That said, I'd be wary of investing in gold at its current price unless its part of a diversified portfolio. Just a few thoughts

willietherock

oceanman wrote: »

well i was thinking of buying some gold for a long term investment, i know in the short term it may go up or down, but in the long term it has always gone up! you see there is only so much of it mined out of the earth every year, so i think demand will always outstrip supply.
i could be wrong though! thats the gamble i guess!

In the very longrun gold has barely beaten inflation and has been a pretty crap investment when compared to alternatives never mind buying after a ten yr bull run.

Isoaxe

oceanman wrote: »

in the long term it has always gone up!

That's what everyone said about property before the crash.

I think willietherock is on the money here. Look at the long-term price history of gold, it is more or less flat in real terms (see attached). However, gold has underwent a formidable climb like this before, only to come crashing down again. It would make a terrible investment at this point in time IMHO.

As a speculative position, that's another story. You would want it in a very liquid form though- molten perhaps?

oceanman

god lads you are nearly talking me out of it now!:) dont want to leave my money in euros though!

pavb2

Slightly off topic was in a department store in Berlin last week and saw a vending machine selling gold coins,Krugerrands etc up to about €500

colsku

mono627 wrote: »

Unfortunately you can't guarantee this about any asset class, there are no guarantees in the markets.

Gold is near enough its all time high, if this were indeed a bubble (and it shows all the signs of being one) it could drop a lot faster than it could climb.

Maybe this could even be a shoe shine moment, when the average joe in the street is talking about investing in gold, does that not indicate an overbought signal to you?

I'm not saying that this is my opinion of gold because to be honest I don't particularly have one, I'm just playing devils advocate here.

That said, I'd be wary of investing in gold at its current price unless its part of a diversified portfolio. Just a few thoughts

People calling a bubble on boards.ie is my shoe shine moment that it is nothing of the sort. Do some research!

colsku

willietherock wrote: »

In the very longrun gold has barely beaten inflation and has been a pretty crap investment when compared to alternatives never mind buying after a ten yr bull run.

What alternatives?! Equities/bonds !?

Good luck with them...

The markets are malignant.

lopppy

Its important to realize that unlike oil, all of the gold ever excavated is still in existence, and when the price of gold reaches the highs of today it can easily find its way back into the market, cooling off the price

mono627

colsku wrote: »

People calling a bubble on boards.ie is my shoe shine moment that it is nothing of the sort. Do some research!

I never called it a bubble, I said it has all the characteristics of a bubble, which it does. Read posts fully before you misquote them.

irishh_bob

mono627 wrote: »

I never called it a bubble, I said it has all the characteristics of a bubble, which it does. Read posts fully before you misquote them.

gold has seen a bigger rise in value since 2001 than property did in ireland from 1996 - 2006 , it certainly has all the charechteristic trends of a bubble , that said , with such uncertainty among currency markets , thier is no chance of it bursting in the next year at least IMO