You are viewing a single comment's thread from:
RE: History of The Gold Sovereign
The notion of gold being a good investment. When growing up, loads of elders fed me this crap about gold being a good investment alternative to realty or equity. Now that I understand these terms better, I say it's total BS. Gold ETF/ biscuits may be a good investment but Indians predominantly buy gold Jewellery. Gold ornaments have higher depreciation value and the re sale rate is always low, resulting in nobody selling them in the first place !
Hi Chris
Gold as a store value for thousands of years, I say buy bullion and collector pieces, the value of gold will rise, but I have 100x more silver as it is in everything nearly, mobiles, laptops, computers, solar panels medical stuff.
I have crypto's as well,
It's a better investment than keeping cash in the bank. A) it's no longer yours (it belongs to the bank). B) 50 years ago an oz of Gold in the U.K. Was £15 now it's almost £1,000