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?

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.

that's not such a foolish rumour/possibility - unlike some!
with weak $ and general financial uncertainty and continuing M/E in stability (was it ever stable?), gold is a traditional haven.

by the way, good to see IEC back above 200 dma and holding despite shitty market

ETF Securities website

Forgot about this link yesterday for those interested. Also the chance to gain exposure to many other things

Gold price has been dropping like a rock...dropped 20% over a period of 1 month...it will go to $600, I think.

Lots of economic data out in US today gold seems very undervalued to oil at the moment so Either one will need to drop or the other rise. I can't believe the bounce in the dollar recently but everything overshoots especially when hedge funds are involved. The perception is that the US is starting to come out of the crisis whilst others are just getting into it. A lot of investors have been playing the long oil short dollar routine and this seems to have been unwinding big time recently. They say that seasonally this is a good time to buy gold though not if oil goes into freefall and the dollar rallies! A guy called something like Gratham was on Bloomberg last night who predicted the top of gold at 1030, the bottom of the 2003 bear and the top at 14000 last year on the DJIA. He is expecting a 6-9 month rally and likes the small caps that have been trashed e.g. Russell index which along with tech is the first one out of the traps at the end of a recession.

Any thoughts on Black Rock Gold,which invests primarily in gold company shares?
Their price relative to gold has come down considerably more.In other words,when the price of gold was about $650,there price was about 10. per unit.Now,with the price of gold at about $800. their unit price is just under 9. per unit.(down from a peak of something like 11.50 per unit)
Not a great performance,but might the future suggest a period of out-performance?