Gold

[Bendigo 1,297]

Gold is increasing in price faster than I can save to buy it. 

In a week it's gone from £2970 an ounce to £3258. 

In a year it's gone up 57%. 

Even silver is flying 

 

[mackem 30,086]

Have you got a bar yet?

 

[NEWKID 29,103]

My lads piled a big lump on gold and silver.. he's done very well on stocks over the last 18 months, I've no idea what he's talking about half the time lol

He's only 20 and completely different to me at 20, switched right on in a very modest way... he is very excited about his silver pot at the minute though lol

[Borr 8,222]

Guy I work with bought 70k worth made a fair whack it's at record levels currently, he's got about 5k around his neck in work lol ...

[leegreen 2,256]

Everyone is scared of digital savings and banks. I reckon copper would be a good bet, harder to rob from you, come Armageddon! 

[low plains drifter 11,310]

18 hours ago, Borr said:

Guy I work with bought 70k worth made a fair whack it's at record levels currently, he's got about 5k around his neck in work lol ...

He aint gettin on no plane!

[mushroom 14,213]

On 17/10/2025 at 08:28, Bendigo said:

Gold is increasing in price faster than I can save to buy it. 

In a week it's gone from £2970 an ounce to £3258. 

In a year it's gone up 57%. 

Even silver is flying 

 

Never buy high!

Same with currency, be on the ball mate

 

[Moocher71 4,524]

gold is making good money and it's only going to keep getting better,I remember paying 100 for a full sovereign ring when I was 16 ,wouldn't get half the mount for that price now ,I got few heavy keeper rings ,chain and clowns ,doll pendants and heavy ear rings I bought the Mrs ,I'd never sell them because my grandfather and gran gave me my 3 keeper rings so I'll pass them to my grandkids, when ever I got spare cash I buy gold rings or something for the Mrs because I know it's a investment unlike putting money in a bank 

 

[mushroom 14,213]

Just now, Moocher71 said:

gold is making good money and it's only going to keep getting better,I remember paying 100 for a full sovereign ring when I was 16 ,wouldn't get half the mount for that price now ,I got few heavy keeper rings ,chain and clowns ,doll pendants and heavy ear rings I bought the Mrs ,I'd never sell them because my grandfather and gran gave me my 3 keeper rings so I'll pass them to my grandkids, when ever I got spare cash I buy gold rings or something for the Mrs because I know it's a investment unlike putting money in a bank 

 

If you want to hedge, get on forwards.

Main point is to know your risk level! If you can lose it, then dance. If not don't even bother.

[mole trapper 1,705]

4k an ounce now, bought full sovereigns about 9 years ago at £210 they are now nearly £500 each , wish I'd bought more now. That and a barn full of land-rover defenders 

[eastcoast 4,624]

2 probably daft questions from someone who has never owned gold. If you buy gold how do you keep it safe and how do you sell it when you decide to sell it? Talking about just under 6 figures, say a fixed rate cash ISA is about to mature but there is more potential profit in gold than transferring to another existing ISA. Where do you keep the gold?

I'm thinking needs to be in a bank of sorts? Safety deposit box (boxes), that will cost money? Then when you decide to sell it... I would imagine the people buying it will not pay the net worth as they would only buy to make a profit themselves? So pay an expert to manage it all, and that comes at a price. 

[Bobtheferret 1,278]

The basic way gold ownership works is either you buy it and physically have it your hand and keep in a safe at home or under the squeaky floorboard or you can pay to have it stored in a safe place which obviously costs money every single year. When it comes to selling the reputable places will buy it at current market price less a small percentage to cover the costs and profit etc. The place I have used charges 3% so if gold was £3000 an oz they would pay £2910. Same when you buy it’s normally 3% over so would cost you £3090 to buy an oz. 

1 hour ago, eastcoast said:

2 probably daft questions from someone who has never owned gold. If you buy gold how do you keep it safe and how do you sell it when you decide to sell it? Talking about just under 6 figures, say a fixed rate cash ISA is about to mature but there is more potential profit in gold than transferring to another existing ISA. Where do you keep the gold?

I'm thinking needs to be in a bank of sorts? Safety deposit box (boxes), that will cost money? Then when you decide to sell it... I would imagine the people buying it will not pay the net worth as they would only buy to make a profit themselves? So pay an expert to manage it all, and that comes at a price