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Hello to all - New collector from Brighton


Fozi

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Hi there hope you are all well. Pleasure to e-meet you all! 

I have started looking at collecting full sovereigns. Not a great time for purchasing sovereigns valued near bullion price I know so holding off on them. My biggest question I have is whether the sovereigns of higher values due to age and scarcity are affected much by the gold spot price or not. Basically trying to decide if I wait for the gold price to drop before making purchases. Any tips, advice or links to existing topics would be most helpful! Thank you, Fozi

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10 hours ago, Fozi said:

Hi there hope you are all well. Pleasure to e-meet you all! 

I have started looking at collecting full sovereigns. Not a great time for purchasing sovereigns valued near bullion price I know so holding off on them. My biggest question I have is whether the sovereigns of higher values due to age and scarcity are affected much by the gold spot price or not. Basically trying to decide if I wait for the gold price to drop before making purchases. Any tips, advice or links to existing topics would be most helpful! Thank you, Fozi

Hello and welcome to the silver forum

No one knows what will happen to the price of gold in the future, you might wait for the price to go down and it might never go down again and in a few months time you might regret not buying gold  in September 2020 at £1516 and end up buying gold in November at £1650 or the exact opposite might happen, who knows, there is someone on this forum who has been predicting the price of gold to go down to £400 an ounce 😂 he's been saying that for a long time though 

Anyways my advice would be that, if you want to buy gold just go for it and pull the trigger , you can't time the market,  so just do it and live on your own Gold Standard .

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Added 0 minutes later...
5 minutes ago, Nick1368 said:

Hello and welcome to the silver forum

No one knows what will happen to the price of gold in the future, you might wait for the price to go down and it might never go down again and in a few months time you might regret not buying gold  in September 2020 at £1516 and end buying gold in November at £1650 or the exact opposite might happen, who knows, there is someone on this forum who has been predicting the price of gold to go down to £400 an ounce 😂 he's been saying that for a long time though 

Anyways my advice would be that, if you want to buy gold just go for it and pull the trigger , you can't time the market,  so just do it and live on your own Gold Standard .

 Some good points thank you. £400 is never going to happen but I see what you mean with timing the market. I believe that on the other side of C-19 investors will be back into shares and property and gold will cool off. Who knows! Off to find my crystal ball... 🔮

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