I'd like to invest in GOLD... advice please

[Wolfgirl]

I'd like to invest in GOLD, not BIG money, but a few thousand. I believe over the next couple of years is it going to rocket and provide a decent yield.

But whilst I know a few companies to trade shares with, I don't know about gold. Can someone advise a company please? cheers.

If I had waited longer to reverse my currency hedge today I could have more than doubled the profit but calling the top or bottom of a rise or fall is difficult if not impossible. Important thing is to set targets and take profits unless you are investing long term.

maggiethecat -
Hope that you had a wonderful holiday. Further to your earlier request,
these videos on the currency market might be useful but I haven't yet looked at them.

Riding my luck on the fx market: bought USD vs GBP yesterday after the UK inflation figures and closed it out in the money this morning. Then I went the other way and sold GBP vs USD which took a dive after the horrific UK public finance figures this morning. With an eye on US employment figures I took my profits near the market low at lunch time. I was very lucky on direction and timing but in general, I see UK public finance figures having more potential to disappoint the market and UK house price figures surprising the market in the other direction. Also I see US unemployment figures having more downside potential than upside vs market expectations. As mentioned before, you can set "orders up" to trade at a certain level so that you don't spend all your day staring at the screen.

Your key dribvers on GBP vs USD include:
-Public finances
-House prices
-Unemployment figures
-Inflation
-Interest rate expectations (altho' fairly static at present
-General political, world events(e.g. leadership uncertainty, Chinese Govt statements on currency, events that create global uncertainty)

For example, if Swine Flu impact becomes widespread them there could be a flight back to the USD.

I bound to have missed a few...so more later

TDiddy, still on hols but took a break from the poolside to dip into mumsnet (such devotee that I am!).
I am truly impressed by your acumen. I am doing nothing except holding tight. Altho a novice I had the feeling that political uncertainty like a change of govt might not help sterling so will hang on for a bit. On my return I will look to convert a percentage on a good day - (I noticed that USD has strengthened recently).
Thanks for videos - will view when I get home.