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#Post#: 2087--------------------------------------------------
Re: Buying bitcoin
By: Muscle Date: June 24, 2019, 6:24 pm
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How much money should one have in saving before it would be wise
to buy gold?
#Post#: 2088--------------------------------------------------
Re: Buying bitcoin
By: Teapot Date: June 25, 2019, 1:51 am
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Id want a few hundred k in stocks first plus property. If you
have a view on gold which incidentally has broken out and is
going up then id spreadbet if you want a position.
#Post#: 2093--------------------------------------------------
Re: Buying bitcoin
By: Andy(Uncle_peter) Date: June 25, 2019, 3:24 am
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[quote author=Muscle link=topic=123.msg2087#msg2087
date=1561418648]
How much money should one have in saving before it would be wise
to buy gold?
[/quote]
Depends on what type of savings you want, and if you are looking
for long term. What surprises me is that there are a lot of
people looking at savings, inlcuding ISA's and not thinking
about investing in a pension plan.
#Post#: 2099--------------------------------------------------
Re: Buying bitcoin
By: doc Date: June 25, 2019, 6:58 am
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[quote author=Teapot link=topic=123.msg2088#msg2088
date=1561445481]
Id want a few hundred k in stocks first plus property. If you
have a view on gold which incidentally has broken out and is
going up then id spreadbet if you want a position.
[/quote]
Would take any position in gld , I would only own the physical
stuff , people taking positions is exactly what keeps the price
down , imaginary futures and forecast of mined gold that
physically doesnt exsit on this planet . paper gold = fractional
reserve gold
property yes as you own an asset
Stocks depends on the type
shares no chance unless its an options scheme or you have a bit
of spare cash you can gamble with.
I just put 25% of my savings in gold, quite a high % but I
believe its the only long term safe haven that can be a currency
and its portable.
#Post#: 2108--------------------------------------------------
Re: Buying bitcoin
By: Muscle Date: June 25, 2019, 8:33 am
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If you were to buy the physical blocks of gold is just stored in
the banks vault?
#Post#: 2109--------------------------------------------------
Re: Buying bitcoin
By: doc Date: June 25, 2019, 8:36 am
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[quote author=Muscle link=topic=123.msg2108#msg2108
date=1561469620]
If you were to buy the physical blocks of gold is just stored in
the banks vault?
[/quote]
I have both , use gold money for bigger peices but have a nice
coin collection too)
silver you get stung with VAT so it makes more sense to never
take delivery , but i also do have a lot of silver coins aswell,
i just need +20% before i break even.
#Post#: 2125--------------------------------------------------
Re: Buying bitcoin
By: Teapot Date: June 25, 2019, 11:32 am
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[quote author=doc link=topic=123.msg2109#msg2109
date=1561469799]
[quote author=Muscle link=topic=123.msg2108#msg2108
date=1561469620]
If you were to buy the physical blocks of gold is just stored in
the banks vault?
[/quote]
I have both , use gold money for bigger peices but have a nice
coin collection too)
silver you get stung with VAT so it makes more sense to never
take delivery , but i also do have a lot of silver coins aswell,
i just need +20% before i break even.
[/quote]
You really shouldn't hold physical silver because of vat,
terrible investment.
#Post#: 2126--------------------------------------------------
Re: Buying bitcoin
By: PartyBoy Date: June 25, 2019, 11:45 am
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Yes VAT is a consideration but should not be an overriding
factor. Don't forget moves in silver tend to be much greater in
% terms than for gold, so is effectively acts as a leveraged
gold. Added to this the gold:silver ratio is at a level not seen
since the early nineties and has much catching up to return to
the historic ratio average. If gold moves higher as I expect
given the geo-political landscape and global economic situation,
then expect silver to move much, much more dramatically from
it's current level. 20% would get swallowed up almost in a
heartbeat
As an aside, it's quite surprising how small a 1oz gold coin is.
For anyone thinking of getting into physical gold, get rid of
those images planted in your head by Hollywood films re gold
bars. To give an idea of size and scale, a 1KG gold bar is
tiny....very roughly a little bigger than the size of a credit
card and a little thicker than a matchbox. And 1KG currenty is
roughly £36K :o :o
#Post#: 2127--------------------------------------------------
Re: Buying bitcoin
By: Teapot Date: June 25, 2019, 1:24 pm
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well it makes no sense to lose 20% for no good reason when you
can trade etfs or sb, obviously sb has no cgt to consider
either.
#Post#: 2142--------------------------------------------------
Re: Buying bitcoin
By: Muscle Date: June 25, 2019, 3:06 pm
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I knew it was heavy , but it's incredibly dense isn't it. 1kg
the size of a of credit card and thickness of a match box. I
wonder much those bars in fort Knox weigh and value of each bar.
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