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Time after time the forum always gets the timing question. 

No one here can time it to perfection. You just got to make the decision and stick with it.

Price may fall but the premiums on the coins may rise. Prices may rise who knows. 

 

What ever the outcome is I don't think gold will make me rich, but I'm a believer in the yellow metal and some of the other precious metals.

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6 hours ago, Tn21 said:

Time after time the forum always gets the timing question. 

No one here can time it to perfection. You just got to make the decision and stick with it.

Price may fall but the premiums on the coins may rise. Prices may rise who knows. 

 

What ever the outcome is I don't think gold will make me rich, but I'm a believer in the yellow metal and some of the other precious metals.

This 100% - PM to me is a long term money store / savings plan / pension / hobby. I don't treat it as hedge against currency in the current turbulent and uncertain market, as I’ve got no plan of selling down anytime soon regardless of what happens, but it is that too should I need to to sell for some unexpected reason.

Its never going to ‘multi-bag’ in a few months (Or days) like some shares do but then it isn’t going to be struck off and wiped out where everything is lost. PM is lower risk, lower (financial) reward - less of of gamble, lower adrenaline rush and no sleepless nights waiting on a 7am RNS (still some risk depending relative to your point of view and position)

its the enjoyable part of a balanced portfolio to me, a lot more than just numbers flickering on a screen and keeps my attention away from my shares account and stops impatient tinkering which has always cost me.

it could drop to £900/oz again in the medium term or it could it hit £2000/oz, whats that, about a 35% swing on today - day traders play with those sort of numbers on the stock market across a few days or less. 

If really unsure you could divide your money by 6 (for example) and invest 1/6th every month for the next half year and average out, or not 🙂

Best of luck 👍

Edited by SilverMike
“£” added 😅
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