If I choose to put say £50K into gold as a hedge to the possible/probable depression coming - where is the best place to go to buy without getting ripped off in comissions, trading costs and bogus sharks? - any help appreciated - I dont mind holding the physical metal if I have to - but there needs to be a way of trading out again to paper currency when the time comes.
Gold - best place to trade for an ordinary investor?
Feb 11, 2009
2 Replies
You might want to try the Motley Fool, thisIsMoney.co.uk or the Telegraph. They've all run articles recently on investing in gold. The Fool has it's own gold investor's board which has answers to this question.
FWIW I'm looking at a Gold ETF, you buy what's effectively a share and the company holds the gold on your behalf. Google 'PHAU' for more details.
You might also consider shares in mining companies.
On Wed, 11 Feb 2009 03:58:38 -0800 (PST), Anthony Cunningham wrote as underneath my scribble :
Thanks AC for your advice - I will follow your leads - difficult decision as to when to jump down this route!
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