Is anyone buying gold?

[DiscoStu]

I opened an account on Bullion Vault a few months ago, but I've only got a couple of grams of gold in there.

Now we're about to start printing money I'm tempted to put a serious chunk of my savings in there.

Anyone else done this? Got any nuggets of wisdom to share?

[n5gooner]

yea, I've been doing this the past few months now, I've several contact round the country that I buy it from. With the price reaching its peak....now could be a good time to cash in.....

[bullseye]

I had bought some on bullionvault, but booked profit last week when it reached £21750/kg.

waiting for the prices to reach my level to buy more now,

[hugebrain]

Where?

Where should I go to buy some in London?

What amount of cash can I spend without coming under the money laundering rules?

[n5gooner]

Where should I go to buy some in London?

What amount of cash can I spend without coming under the money laundering rules?

think its 10k. There are several coin places around town. They take a mix of bank transfer, or debit card payment.

[moorfield]

Anyone else done this? Got any nuggets of wisdom to share?

The herd has already done this, so I think you've missed the boat a little. Wait a few weeks and start shorting Gold.

[ace00]

Anyone else done this? Got any nuggets of wisdom to share?

What is your reason to buy?
The gold market has 3 or 4 serious driving factors. IMO only 1 is +ve.

[Svalbaard]

Was a good investment about 18-24 months ago but prices have been topped out for a while now around the $900/oz mark against an all time high of around $1000, so I think all "major" gain opportunites have been realised. Have a Bullion Vault account myself and should really log in and see if I can make it work from a day/week trading point of view.

Have just put a large sum into a few key mining trusts myself as they are low currently but will start to rise again in about 12-18 months - my estimate of course.

[tim123]

Gold has been a laggard investment for 33 of the last 35 years and now, because over the past two years it has shot up in value, it's become a "must buy", so much so that even the cabby is telling you that you must buy some now.

Remind me what the indicators of a boom are?

tim

[hugebrain]

Gold has been a laggard investment for 33 of the last 35 years and now, because over the past two years it has shot up in value, it's become a "must buy", so much so that even the cabby is telling you that you must buy some now.

Remind me what the indicators of a boom are?

tim

I think it's just that they are firing up the printing presses around the world. Faced with the value of the £ and $ going to zero, if gold loses half its value then you are onto a winner.