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Assets to gold?


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This is something I've been thinking about. With the world going down the tubes, I'm not so comfortable with my savings being in a post office account. If the country (ireland in my case) goes bust then I'll have nothing.

 

So, I got the idea of changing my savings into gold. I know the price of gold can fluctuate but it's always been a valuable material. Is this a good idea of is it silly and un-necessary?

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Well I know it can be bought. There are businesses that sell gold bars and I've been checking them out. I wouldn't put all my money into gold but I was thinking about 1/4 of it safe in gold might be prudent.

 

If you think about it, currency goes up and down but gold has always been valuable.

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Well I know it can be bought. There are businesses that sell gold bars and I've been checking them out. I wouldn't put all my money into gold but I was thinking about 1/4 of it safe in gold might be prudent.

 

If you think about it, currency goes up and down but gold has always been valuable.

You're better off putting it into a 'safe' bank. Anything in the commodities market fluctuates regularly, and though gold will always have value, you never know how much it could go down with the rest of the market. Money holds its value better - sure, its value goes down with inflation, but it doesn't suffer the wild swings the rest of the market does.

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It's a terrific Idea:

 

 

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I think some exposure to gold is a good idea. I don't know about 1/4 into gold, seems like a lot to me. I'm at around 5% exposure to gold, mostly as a diversification tool because it typically has low correlation to equity markets.

 

I have been thinking lately that the US dollar is going to fall off a cliff and if that happens gold could take off. I wouldn't buy the actual stuff though, I'd play gold through gold mining stocks or gold index funds.

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I think some exposure to gold is a good idea. I don't know about 1/4 into gold, seems like a lot to me. I'm at around 5% exposure to gold, mostly as a diversification tool because it typically has low correlation to equity markets.

 

I have been thinking lately that the US dollar is going to fall off a cliff and if that happens gold could take off. I wouldn't buy the actual stuff though, I'd play gold through gold mining stocks or gold index funds.

 

Yeah, they say gold is a hedge against a weakening economy and a poor US dollar. I am going to go long gold as soon as the prices correct.

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Defo perked interest on my part. Thanks for that posting jacques.

 

But I know you can change some of your money into gold shares but I was thinking of actually buying a few bars and keep them in our safe in the home. I don't use banks and I know this sounds paranoid but I like the idea of having something of real value.

 

I think a trip to a financial adviser is in order for me Thanks for the help guys.

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I don't think it's necessary, and the problem with buying gold at the moment is that the price has risen dramatically in the last four years and is consequently at its highest by far for decades. If you buy now, then short of an ongoing global gold shortage or long-term excessive demand, neither of which look very likely, then in ten years time your assets are going to be worth a lot less than they are now. In that sense, I think investing in gold at this time is actually even more risky than keeping it in a bank where it has many forms of protection.

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gold has been a good investment over the last 6 yrs... its gone from 300 to 900 an ounce... its tricky for gold over the next 6 months... it dep what inflation brings us...

 

because of all the money we have been printing to fuel the economy.. there are good sign that we might get big inflation over the next 12-36 months.. if so gold can go to 1200-1500.. if theres no inflation then gold will go back to 600 and be in a range of 600-900 an ounce...

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