I would like to invest in some gold soon, but would rather buy a big lump of pure gold than invest in shares assosiated with gold. where can i get the cheapest price, safest buy?

here's that link -

http://www.timesonline.co.uk/article/0,,2095-2534224.html

Cynic, can you please explain what you mean by "... gold follows an independent pattern from the likes of copper, zinc etc." Do you think buying gold from Kitco.com is a good? They have a commision free pool account

can't comment on Kitco as I do not know them and have no idea how they works things ..... I trade gold through CFDs.

Copper, zinc etc are dependent on economic factors - e.g. manufacturing demand ..... Gold is totally different insofar as comparatively little is used is manfacturing ...... It's traditional appeal lies in its use as a haven against currency (today = US$) fluctuation and weakness and in bolstering national non-currency reserves.

If memory serves me correctly, there is a historical link between the price of gold and that of oil ...... With oil at its present levels, the argument goes that gold should therefore be $750+ ...... I think!

Richardbees,

Many thanks for posting that link.

presume that is last week's article .... if so, you will find it makes interesting reading

ANYONE KNOW THE STORY HERE.

CFDs or futures are the easy way to buy bullion

I've had a holding of BULL in my SIPP all year and added on the dips. It's a long term punt with inflation likely to remain high.

Missed your #22 there, cynic.

I bought the ETF. I've been in and out of silver too

ETF?
anyway, bullion is looking quite a good bet at the moment and am seriously contemplating buying in

Exchange Traded Fund

Trustnet

Note the bit about no stamp duty!! ETFs are available on all commodities, indices, etc. Surprised you don't do them.

Might as well wait a little now, cynic.

Yahoo

Probalby a bit better, but Google ETF and see what you come up with

hi choccy ...... $720 from memory is a major support and certainly some profit-taking under way after recent strong rises.

AL ..... CFDs don't have stamp duty either and nor, i am certain, do traded options

You are right. CFDs do not attract stamp duty, but are included in CGT, unlike spreabetting, which isn't of course.

Almost got confused myself there. LOL

Right now I'd say it was around $716, cynic.

thanks dear heart ...... confess i do not have a chart to hand .... last time i closely followed gold was too far back

Gold stuff

Kitco - decent site for metals, etc

30 day


1 year


Last few days

have now discovered that 20 dma is about 706

Cynic i work in the jewellery trade and rumour is $800 before the years out.