Buying Gold

[Indoctro]

Anyone been investing in gold recently .? My husband wants to start buying gold coins for the future , either for us if we need or keeping it for our kids when they are older. I'm not convinced it's a great investment

Any thoughts.?

Physical gold is more of a store of wealth than an investment really. I have been investing in gold mining stocks and a couple have done really well - +120% but it was money I could afford to lose and it feels a bit like gambling as the stocks are very volatile.

From what I've read, gold is due a supercycle as seen in the 1970's but who knows. There is a school of thought that holding a small % of your overall wealth in gold during turbulent times is a good idea. Silver seems to be doing well at the moment.

We’re doing silver and gold

Good idea for the future x

I started buying for the first time last month.I started with smaller bars, but have switched to coins as they're free from CGT.

He is buying sliver too and yeah coins as well the CGT free ones.

Oh well maybe not a bad idea after all .

I was under the impression Gold investments did not perform well last year?

For me I see gold and silver as a way to protect against inflation. My stocks and shares ISA still has the larger majority of my savings.

@Alwayscheerful

I was under the impression Gold investments did not perform well last year?

It's more for protecting money rather than making money.

Yes, I read an article yesterday, in times of uncertainty people head for gold.

I'm thinking of buying some gold coins. What do you do if you want to sell them?

If you buy the your gold/silver as British legal tender (e.g. Britannia bullion coins, etc) then you don’t pay capital gains tax on them. Selling them can be done via brokers or if you’re brave privately (I’d not buy private though). It’s good to have a balance of investments, so definitely worth having as a hedge against inflation.

Your husband is a brilliant man who knows how to manage his money. He understands that if he invests in gold, it is a solid investment that will bring a lot of money only in 10 or 20 years when the children need to pay for college. I recently read the noble gold review, an article about investing in precious metals like silver or gold. I was seriously thinking about saving money for myself and investing an impressive amount in the gold market. But first, you will need to find a dealer of precious metals and an experienced person in this field.

Yeah gold is more of a safe-haven store of wealth than an investment.

If you don’t overpay retail shop even gold in the form of jewellery is the same… that is what it was used for in olden days (portable wealth).