Anyone here know anything about the in's and out's when it comes to investing in it?

There's so many different kinds too, as in Britania, Chinese, American etc, what's that about? And when buying it, is it better to go with the larger companies or smaller ones?
And what's the legalities if any? Are there forms and documents involved?

And advice, in as normal and understandable a way as possible, would ge much appreciated. Cheers

Theres not much point because its nigh on impossible to own bullion (24k) and dealers will always give you less than its worth when you want to sell to them and ofc they overprice it when they sell to you.

This is why a lot of the gold trading is actually certificates but as Gerald Celente found out to his horror, they're not worth the paper they're printed on.

Stick to the car boots, sounds like you're good at it

psketti wrote: Here to help ....

Isn't it like the only metal with no use other than looking pretty?

Mike wrote:
en.wikipedia.org/wiki/Gold

*goes off to Icke to see if they can help*

psketti wrote:
They'll just tell you Jews own it all... wear it all, use it all, shit it all... & all the gold in the world secretly built The Knesset while everybody else is just left with worthless paper 'entitlements'.
therefore you either have no business meddling with it, or you're a Jew.

Aye, like I could really be arsed asking them

psketti wrote:
Asking you lot!

Got a man who's decided it's a good idea to get a little bit due to a bloody video link I gave him that gilly put up here the other week, ffs

Its like trading anything else.
If theres a middle man involved its shit

The biggest profits always come from either the smallest outlays or the most massive outlays.
The stuff in the middles not worth passing around all that much.

But is it a good idea?

andyh wrote:
Sorry missed this post.

I am good at the car boot thingy and spotting a bargain but he's decided that he wants some gold so just thought I'd put it to you lot so I've got summit to fire back at him

I blame gilly

psketti wrote:
Not unless you can buy it for less than you can sell it.
Same applies to anything, then you have to ask how much you spend in relation to what you receive.

If you make £10 profit after spending £1000 quid then its not exactly a great profit.
If you have to wait 100 years to make a decent profit then its definitely not worth bothering with at all....

In fact, in 100 years we might discover a material that has far better properties than gold is is abundant and we don't bother with it anymore, so there's the risk factor to include.

Then theres the competition to include

Sometimes car boots are pearlers...I have a genuine Walter Heubach watercolour of an alpine scene, not animals.
I paid €15 for it after a haggle
Its prolly worth over a thousand but its still on the wall...

Space Bandit wrote: Rodin wrote:

Anything can be an attractive prospect one day to a complete valueless piece of junk the next.
From tulip bulbs to .coms.

If you can use your skills and knowledge in a market you already know you'll probably be more likely to turn a profit.

Gold will always keep it's value though and keep rising surely?

feather wrote:
^Bingo

psketti wrote:
No.
Gold retains exactly the same value, the money does not

andyh wrote:
Thats the thing though. He's came to the conclusion that the moneys going to go tits up so wants something to fall back on. Not a huge amount, just abit.

psketti wrote: Not a real area of speciality for me but I don't think there is a country on the globe that still uses the gold standard.

Nothing is constant or guaranteed.
Look at the world atm, Moodys just needs to raise an eyebrow towards a country and it's economy goes to shit overnight.
Stuff only has the value we give it.
Otherwise it's just a clump of molecules.