Gold

[DimPrawn]

‘I invested in gold three years ago and lost 70pc – should I sell?’ - Telegraph

I wonder how Milan is doing with his gold investments?

[SpontaneousOrder]

I've got bullion under the floorboards. The good thing about the physical is that although the spot price tanked, the premium on physical went up massively too.

It's still worth a bit less than I bought the bulk of it for, but it's a long term investment/zombie apocolypse hedge.

[sasguru]

I've got bullion under the floorboards..

Ok, whose one is this?

[SpontaneousOrder]

Trouble is you'll have to turn it into shotgun slugs to cope with the zombies.

Well actually it's silver bullion (will be getting gold in future as HMRC caught up with me for the VAT), so I've hedged my hedge in case of werewolf apocalypse instead.

[xoggoth]

Sure I read the other day that the next big crash is round the corner and gold is good.

[ASB]

I expect to see gold sub 1000 this year. Poss 850. Not short just at the moment.

I dont personally get the apocalypse hedge idea in general. If it gets to the point i t might be useful I think it is morr likely to be a liability instead of an asset.

in terms of selling on physical provenance will be an issue.

But at least ypu know it exists and isnt just a rehypothecated piece of paper. Removes the counter party risk which could be substantial I troubled times.

[petergriffin]

I need to join the CretinWatch here:

1) Investing in ETF is not investing in gold. ETF is for stupids. Rule no 1 of goldbugs: if You Can't Touch It, You Don't Own It.

2) How can you "lose 70%" if you haven't sold it? You only lose when you actually sell it at a loss.

3) In Asia physical gold is 20-25% more expensive than in the West.

[mudskipper]

Always believe in your soul

[BlasterBates]

Sell Gold and buy a house...

[SpontaneousOrder]

3) In Asia physical gold is 20-25% more expensive than in the West.

i've not bothered looking at the charts in nearly a year, but for a couple of years previously, every single morning, without fail, they spot price would be X, and a few hours later when the market opened in the states the price would tank spectacularly - only to repeat the same nose-dive the very next day. Every day.