Aye, I've hung on to my silver, waiting for the market to crash once more, maybe twice, back to $30/oz and then predicted to go sky high - I bought it at around $6 an oz as old scrap silver, but the refiners pay the same money for an ingot as they do for a squished hip flask! Try weighing any silver or gold you have and then go to Hatton Garden Metals website - stick in the quality of gold or that it's sterling silver and then put in the weight - you might get a pleasant surprise!
So let's look at the gold price over the last 2 years, decide whether the fluctuations are stomachable for 10k for 2 years, and whether it's investing, or gambling, perhaps leaving 13k, or 7k at the end. All in the detail. Not really, you just have to understand what underpins it, and back it up with a healthy dose of professional research to take appropriate decisions.
lol id give it to my old man he's been developing some crazy formulas over the last 24 months on the stock market trading in pairs or something I dont really understand. seems to me as simple as...as two trades grow further apart, say gold vs oil, or daz vs ftse, when they get over a calculated value apart they more that likely (only has to be 51% success rate as the amount stake it same each time i think, but he's at 76%) come back together... so you simply buy or sell when they go outside the limits of the formulas. Could double your money or more over two years depending on the market fluctations and whether they drift far enough apart to trade. beats interest by a country mile. shame I have no money to front.
Borrow 25K and buy an M3 CSL Seriously though, for an option that is a bit more fun, there are cars out there that if you have somewhere to store it you could buy and though you might not gain that much, you would at least not lose on capital.
All I can say is don't invest it in a VW MK1 Golf Hillclimb car to win a hillclimb championship as Volkswagen still havn't offered me the drive in the new Polo WRC [:^(]..... As that doesn't appear to work, buy 10 half tidy MK1 Golf GTi's and put them in a barn for 10 years. If the same happens as with MK1 and 2 Escorts then in 10 years you will have about 800% more money... at least . I based this theory on the fact that I had a genuine MK1 RS2000 (clean and tidy night event car) about 10 years ago that I sold to buy a Suzuki GSXR 750, the GSXR 750 cost the 1200.00 I recieved for the RS2000. If I still had the GSXR it would be worth about 600.00 and the RS2000 would be worth ....... 10,000.00? You just need to spot the right ones to back, MK1 gti"s as as good a bet as any
Its all about risk appetite at the end of the day as people like me need to have 'X' amount at a certain point in the future rather than hope that my returns on an investment will meet my required amount. As said above I view the stock market as I'd only invest what I can afford to loose as naturally there are always winners and losers in the stock market.
Idea is like this : Wait for the next ALL RED PANIC period on the markets, wait for some days ALL RED and then Buy , then wait for end off day 2 or 3 of ALL GREEN and SELL... Keep your profit in shares for long term.. .and work again with your initial capital Just make your home work in advance ..... follow up things before spending money ... and go for quality stocks ( things you understand ,not fried air hype stuff), make your own idea and dont believe the media too much ! Many shares go these days up to 5-10 % up / down within a day ! (with small spreads between buy and sell ) Its not wise to stay long term with own capital, use your profits for long term, its all about risk management !
