Random Question

Okay so lately in my Business class we've been talking about investing (quite interesting actually )
so my quite random question is does/has anyone on here invested in gold, say either brought Krugerrand (10g,20g, 1 Oz etc), Maple leaf etc?

Keelan

hi Keelan,

Interesting question for a quail forum

I've never invested in gold myself, but I know a few people who have. You can buy gold physically; bars, Krugger Rand (as you say) and even in jewellery (as is popular with many Asians) with all the inherent risks that these hold (theft, substandard gold etc.).

You can also buy gold indirectly via accounts, certificates or Exchange-Traded Funds. These instruments are all quite different, but essentially they are companies that guarantee or hold gold on your behalf and issue certificates/shares.

For more advanced traders there are all sorts of derivatives for gold (including spread betting). Spread betting and a few other intruments (not sure which) are more accessible to Joe public, but the rest are usually conducted between the large institutions. I'm not entirely familiar with how the other gold derivatives operate, but I know they either go thru the London Bullion Market (and not the LME) or are often traded as "over-the-counter" trades between large institutions. I'm afraid commodities aren't my strong point. I know a bit, but I'm more familiar with financial and the energy markets.

Some further reading for you...
wiki on gold investment
wiki on LBMA

Very interesting post Andoy
Maybe if we look around we might find a gold card with a quail engraved into it (wishful thinking ay )
This sort of thing always interests me lol so if anyone else wants to show off their knowledge go ahead
I start my saturday job tomorrow so shall start saving haha

Keelan

well I'm hoping my gold quail are going to lay some gold eggs for me