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?

there are all sorts of ways of dealing directly in gold ...... your broker should be able to give you guidance, but the easiest way is prob via cfd ort futures.

in fact, now looks to be a pretty good time buy (or at least it was yesterday and this morning), but timing is everything

and so it proved ...... spot gold now $640 = + approx $10.00 since the last post ...... info is that +/-$644 could prove something of a resistance, but if a sustained break through that level, then >$700 certainly on the cards ...... but failure could mean fall <$600

and so it seems to have proved yet again ..... $644 touched and suddenly price has collapsed by $10/12.00 which is a recovery after falling about $20.00 ...... in some way also shows the importance of ahving tight stop losses

Some wise words from you Cynic..... Very interesting indeed... not a large percentage gain though

may not technically be a large %, but as done on CFD a lot better than you might think ..... traded option would be about the same i think .... i.e. outlay = $200 per $100 per $1.00 movement - thus gearing is very heavy (and dangerous!), meaning $10.00 movement yields (or loses) $1000 ..... not such a bad return methinks!

not entirely convinced that my logic is sound ..... bought back in at $625 as there seems a distinct reluctance for price to drop through that level ...... so far so good, but will need to watch carefully if bloody nose to be avoided

silly boy .... or at least in the short term as gold now $405 or thereabouts .... however, shall be hanging on ..... recommend to those interested, the bullish article on gold in today's Sunday Times

What a stinger mate, I am feelin' for you. Don't no why, you are one of the least sympathetic posters I know.... I should be rubbing it in lol

Cynic, you mean $605 not $405

I did indeed ... thanks for the corection ..... more imprtantly, as far as i can determine, price hit $595 overnight in F/E(?) and bounced strongly .... exactly what the chart would have indicated .... almost certain, but cannot lay my hanbds on the one i had.

Tonker .... I am not grizzling in the slightest as my post indicates ..... you win some; you lose some ..... Very bullish article in Sunday Times re gold; suggest you read it if you have any interest in investing in the metal

cynic,

Do you have a link to that Sunday Times article please?

Not being lazy, just busy at work.

no ...... but in biz section page 2 ..... if i get a chance, will try to find on net, but not sure if it will be there

excellent bounce by gold yesterday, so though my entry timing was not great it is now back in the money ...... remember gold follows an independent pattern from the likes of copper, zinc etc

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