Invest money in gold or not

[nomad2019]

Have a little spare cash and I want to invest in something I am not in Thailand at the minute I'm just asking everyone in the know what could I invest in in the save this money and make some profit say in 5-years or maximum 10 years time,      I was going to buy a couple of bars before a good few years ago but then NZ I was told it's very hard to sell back all types of commission etc etc

 

when to buy gold and also where to buy gold.      I have come back to the UK

 

any info in advance much appreciated thank you

Edited October 10, 2020 by nomad2019

[mahjongguy]

"Gold has long been considered a durable store of value and a hedge against inflation. Over the long run, however, both stocks and bonds have outperformed the price increase in gold, on average. Nevertheless, over certain shorter time spans, gold may come out ahead."

[teacherclaire]

I should have listened to a Thai friend 15 years ago to buy gold when it was down.

 

  I had a few million baht that would have been tripled by now. But I didn't listen to him.

 

  Now it's a different ballgame, you might be lucky, maybe not.

 

   But in the long run, you won't lose a lot. 

 

 

 

 

[Airalee]

35 minutes ago, nomad2019 said:

I'm just asking everyone in the know what could I invest in in the save this money and make some profit say in 5-years or maximum 10 years time, 

“Those who know don’t say and those who say don’t know”

 

-Lao Tzu 

[Brunolem]

If you plan to keep it 5 to 10 years, you have a very good probability to make a wise decision in buying now, considering the ongoing worldwide currency destruction (debauching) which is set to accelerate dramatically in the coming years.

 

It is not about how much money you will make, but rather about how much you won't lose compared with holding cash.

 

As for where to buy, Thailand is certainly a good place, with anonymity and no taxes.

 

Anyway, wherever you decide to buy, make sure to buy the real thing, not paper gold or some ETF, and to keep it in a safe place that you can access at anytime.

 

[ukrules]

I bought a load of Bitcoin but that was years ago when it cost next to nothing.

 

I guess it would be very different buying it these days due to the price, they were much cheaper back in 2012.

 

[Barnabe]

I still bought a bit at current prices (before the dip and now return) but won't be buying any more as I have hit the desired % of my total assets in gold and silver.

 

But if I was to going to buy more at current prices, I'd prioritise silver. It goes up in tandem with gold, and usually by a factor of 2 to 3x more. Beware the same applies if gold goes down.

 

Edited October 10, 2020 by Barnabe

[onebir]

52 minutes ago, Barnabe said:

But if I was to going to buy more at current prices, I'd prioritise silver. It goes up in tandem with gold, and usually by a factor of 2 to 3x more. Beware the same applies if gold goes down.

 

I also think silver makes more sense:

• both gold and silver look to be in a bull market correction
• unlike gold, silver remains well below its previous all time high (although gold is still below its 2011 after applying even a conservative inflation adjustment)
• the gold/silver ratio is quite high (~80 last time I checked).

The gold/silver ratio tends to drop to 20 or less in the late stages of a precious metals bull market, so if gold doubles from here, silver might increase 800%.

[EbhB]

Welcome to the party, late is better than never...

 

I'm around 55% in metals, most of it gold bought around 1500 USD/ounce - should ideally add more silver.

 

Add some Bitcoin & cash, then at least you've got a chance when the REAL reset starts!

[Susco]

This is probably thread #365 this year about where to invest.

 

Take note of the TVF members who now claim that gold is a good investment, and take note of the prices they claim they have bought their gold.

 

If at the time of thread #366, which should be visible in a few days from now, the gold price has declined, those posters will be absent, or claim they bought at a lower price as what they post today.

 

If gold will rise or fall in the future, nobody can tell. If it was that simple everybody would be a billionaire, but even the real billionaire investors can't tell you with certainty if a investment will be profitable or not.

 

Look at the biggest investor in the world, Buffett, and see how many big investment mistakes he has made in the last 12 months.

[Barnabe]

2 minutes ago, Susco said:

This is probably thread #365 this year about where to invest.

 

Take note of the TVF members who now claim that gold is a good investment, and take note of the prices they claim they have bought their gold.

 

If at the time of thread #366, which should be visible in a few days from now, the gold price has declined, those posters will be absent, or claim they bought at a lower price as what they post today.

 

If gold will rise or fall in the future, nobody can tell. If it was that simple everybody would be a billionaire, but even the real billionaire investors can't tell you with certainty if a investment will be profitable or not.

 

Look at the biggest investor in the world, Buffett, and see how many big investment mistakes he has made in the last 12 months.

 

I'm betting a considerable amount of my total assets in an appreciation of precious metals within the next 5 years, although I am hoping it happens in 2. Personally I'd say the conditions for a bull market in precious metals are all here, it's a question of time.

 

Whoever thinks otherwise can surely make a good profit by betting against the PM market. One easy way would be to short GLD and SLV ETF or mining stocks.

 

Obviously no-one knows where the market is going to go, but PM is yet another option, as are stocks, bonds, bitcoin, cash, property, etc. Only a muppet takes Internet advice without a filter, it's up to OP to judge if he agrees with what we say.

 

My PM investment didn't start because people on the Internet were advising me to do it, it started because people on the Internet brought my attention to it AND I did a lot of hours of research before buying in.

[Susco]

2 minutes ago, Barnabe said:

 

I'm betting a considerable amount of my total assets in an appreciation of precious metals within the next 5 years, although I am hoping it happens in 2. Personally I'd say the conditions for a bull market in precious metals are all here, it's a question of time.

 

Whoever thinks otherwise can surely make a good profit by betting against the PM market. One easy way would be to short GLD and SLV ETF or mining stocks.

 

Obviously no-one knows where the market is going to go, but PM is yet another option, as are stocks, bonds, bitcoin, cash, property, etc. Only a muppet takes Internet advice without a filter, it's up to OP to judge if he agrees with what we say.

 

My PM investment didn't start because people on the Internet were advising me to do it, it started because people on the Internet brought my attention to it AND I did a lot of hours of research before buying in.

 

Are you one of those investors who has only profited from his investments, and never had a loss?

[Barnabe]

1 hour ago, Susco said:

 

Are you one of those investors who has only profited from his investments, and never had a loss?

 

There are no such investors, what's your point? Should I keep all my money in cash and stuff it under the mattress because gold is down 1% this week, or because the S&P went down 5%?

 

For any serious investor, what matters is long term performance. If you can't outperform the market, invest in index funds instead, and long term you can't lose.

But it's always a good gamble to bet a small % of your investment in a risky bet that might pay off hugely, like bitcoin pre-2017 or gold in these times.

 

At the moment I'm investing a much higher percentage, and yes I might lose, but obviously I am betting I won't; or in other words, putting my money where my mouth is.

 

 

 

[teacherclaire]

3 hours ago, Brunolem said:

If you plan to keep it 5 to 10 years, you have a very good probability to make a wise decision in buying now, considering the ongoing worldwide currency destruction (debauching) which is set to accelerate dramatically in the coming years.

 

It is not about how much money you will make, but rather about how much you won't lose compared with holding cash.

 

As for where to buy, Thailand is certainly a good place, with anonymity and no taxes.

 

Anyway, wherever you decide to buy, make sure to buy the real thing, not paper gold or some ETF, and to keep it in a safe place that you can access at anytime.

 

I think we all could use 10 kg of it. 

[timendres]

In the current monetary system, gold is not an investment, it is a hedge against fiat currencies. It should be treated as such. Many will refer to the debasing of fiat currencies recently as a sure sign that gold will double or triple. That may very well happen in the long run. However, there are also arguments that the dollar will go up, bonds will rise, and gold will decline in the short run. So, the advice that I give friends who ask is this: never purchase assets when they are at all time levels, and never chase after strong extended moves. Patiently wait for better prices and average into a well thought out asset allocation strategy.

[onebir]

4 hours ago, teacherclaire said:

I think we all could use 10 kg of it. 

That's about $600k... so make mine 20kg  ????

[Barnabe]

10 hours ago, timendres said:

In the current monetary system, gold is not an investment, it is a hedge against fiat currencies. It should be treated as such. Many will refer to the debasing of fiat currencies recently as a sure sign that gold will double or triple. That may very well happen in the long run. However, there are also arguments that the dollar will go up, bonds will rise, and gold will decline in the short run. So, the advice that I give friends who ask is this: never purchase assets when they are at all time levels, and never chase after strong extended moves. Patiently wait for better prices and average into a well thought out asset allocation strategy.

 

That's sound investment advice, but I'll add a caveat: all time highs are made to be broken...

... unless you're a Japanese stock investor in 1989, Deustche Bank investor in 2007 or bitcoin investor in 2017 ????