Random Question

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Random Question

Post by kenza on Thu Sep 11, 2008 12:03 am

Okay so lately in my Business class we've been talking about investing (quite interesting actually Very Happy)
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 Very Happy

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Re: Random Question

Post by andoy on Thu Sep 11, 2008 1:32 am

hi Keelan,

Interesting question for a quail forum Razz

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


Last edited by andoy on Thu Sep 11, 2008 1:39 am; edited 1 time in total (Reason for editing : oop, corrected link)
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Re: Random Question

Post by kenza on Fri Sep 12, 2008 7:27 pm

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

Keelan

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Re: Random Question

Post by andoy on Fri Sep 12, 2008 7:36 pm

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