kaya
Member of DD Central
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Post by kaya on Jan 5, 2019 10:44:00 GMT
For those looking for a P2P model in gold & silver etc, bullion vault seems to be it. Anyone tried it? Looks interesting/complicated, wish I had the dough for a little speculation.
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cb25
Posts: 3,528
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Post by cb25 on Jan 5, 2019 14:33:27 GMT
For those looking for a P2P model in gold & silver etc, bullion vault seems to be it. Anyone tried it? Looks interesting/complicated, wish I had the dough for a little speculation. What's bullion vault got to do with P2P? AFAIUI it's a commodity trading platform.
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travolta
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Post by travolta on Jan 5, 2019 15:05:48 GMT
Not p2p but gold is good to give as presents to youngsters . Better than cash because its long term saving. It makes sense to save it,yearly instalments give a spread and they can start to dragon a stash. The older you get its not really good short term value . I always give gold coin for christening presents , Xmas and birthdays.
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copacetic
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Post by copacetic on Jan 7, 2019 18:01:52 GMT
Not p2p but gold is good to give as presents to youngsters . Better than cash because its long term saving. It makes sense to save it,yearly instalments give a spread and they can start to dragon a stash. The older you get its not really good short term value . I always give gold coin for christening presents , Xmas and birthdays.
For a long term investment (say for a gift for a baby to be used perhaps 25 years later for a house deposit) I'd go for a cheap global equity index tracker in a junior ISA which will typically outperform gold by a fair margin in the long run. That said, anything that encourages a youngster to save or invest rather than trying to match their spending to their income in today's consumer overspending economy is a good thing which will definately be appreciated when it's needed.
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