Gold news at www.Moneywise.co.uk
Published on May 30, 2011
Moneywise, the all-things-cash-and-investor site, called us for some advice a few weeks ago. We've kept quiet about it because we/they wanted moneywise to print it first. The issue we discussed is the emotive subject "should you be buying or selling gold in todays economic climate"?
There are lots of site offering you cash for your jewellery and trinkets – some seem to be offering quick and easy deals. Maybe they know something you don’t know? Something like "gold is valuable"? The article is one of the few that actually questions this issue and is worth a read - its under their "rip-off and scams" section and you can read it here.
We can’t take the position of “financial advisors” here at Bleyer Bullion because gold is a commodity and not a financial service. In fact, no bullion dealer can and conversely, no financial advisor can talk to you about bullion, gold or silver. If they did, then they would be outside their remit and licence - the FSA wouldn't like it one bit. So it’s good for us to get out there and especially on such a good site as Moneywise. We can offer education on gold and silver though but we can’t give advice - ask and thou shalt receive...
We have a saying in the office "the tide comes in and the tide goes out". Now it's only our opinion (again, not advice) but right now, we should be buying gold - not selling. Those that need the cash are selling, those that want the wealth are buying.
Go and read the article – it’ll do you good!