Is it worth buying gold now (sovereigns or bar) ?
MATT N asked:
With the value of the £ going down, does it make more Sense to buy with the weak £ as gold is valued in $s ? Also can you buy it over the counter ?
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With the value of the £ going down, does it make more Sense to buy with the weak £ as gold is valued in $s ? Also can you buy it over the counter ?
January 31st, 2009 at 4:46 am
the general rule of thumb is buy low and sell high.
February 2nd, 2009 at 3:04 am
In USA, we can usually buy gold bullion coins at a coin dealer for small premiums to spot price. But right now, premiums run as high as 25%. Its silly, and probably marks a top.
My personal opinion is that it makes sense to buy gold for long term hold, but short term is very hard to predict and probably headed down.
February 5th, 2009 at 5:33 am
The price of gold is pretty low right now, so it can be a good time to buy. The global economy hasn’t seen the bottom yet. Here’s a good readup on how to invest in gold: