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Private pension and Gold

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  • 23-03-2014 3:40pm
    #1
    FJR
    Registered Users Posts: 9 ✭



    Hello,
    I have a private pension. My enquiry is can I switch to another broker that would invest the current value of my pension into a physical gold fund that has physical gold in a vault. Not paper cert claim on gold.
    :confused:


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    #2
    hfallada
    Closed Accounts Posts: 4,180 ✭✭✭hfallada


    Why would you risk all your money on one asset? A pension fund is spread across many commodities and industries to minise risk and maximise return. Gold is quite volatile with very little potential for growth in the next 40 years. Very few american funds would touch it. Not even Warren Buffet would consider investing in it.

    If the return on your pension is poor, look at a new broker


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    #3
    Oral Surgeon
    Registered Users Posts: 3,240 ✭✭✭Oral Surgeon


    FJR wrote: »

    Hello,
    I have a private pension. My enquiry is can I switch to another broker that would invest the current value of my pension into a physical gold fund that has physical gold in a vault. Not paper cert claim on gold.
    :confused:


    That would be mad....


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    #4
    FJR
    Registered Users Posts: 9 ✭FJR


    Anyone with advice on a Physical Gold pension fund?????


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    #5
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,280 Mod ✭✭✭✭Jim2007


    FJR wrote: »
    Anyone with advice on a Physical Gold pension fund?????

    Is it even legal? This would be considered to be any extremely risk situation and not one that pension funds would encouraged to get involved in. My experience is in middle Europe and certainly in these countries it would be illegal to offer such a product.


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    #6
    FJR
    Registered Users Posts: 9 ✭FJR


    Jim2007 wrote: »
    Is it even legal? This would be considered to be any extremely risk situation and not one that pension funds would encouraged to get involved in. My experience is in middle Europe and certainly in these countries it would be illegal to offer such a product.

    WOW.. Illegal to invest in Gold.

    All the Gold is heading east until it runs out..

    When it runs out you wont buy gold at any price


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    #7
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,280 Mod ✭✭✭✭Jim2007


    FJR wrote: »
    WOW.. Illegal to invest in Gold.

    All the Gold is heading east until it runs out..

    When it runs out you wont buy gold at any price

    It does not really matter what your opinion is, the bottom line is that you need to find out if funds providers can even offer such a product before you can start thinking about switching brokers.


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    #8
    hfallada
    Closed Accounts Posts: 4,180 ✭✭✭hfallada


    FJR wrote: »
    WOW.. Illegal to invest in Gold.

    All the Gold is heading east until it runs out..

    When it runs out you wont buy gold at any price

    Asia will.only buy commodities and currencies that are of value. But the Asian economies are slowing down rapidly compared to their growth 10years ago.

    I don't know what kind of misinformation you have heard about gold. But it's not going to give you the return like a normal fund. Gold is a metal with little industrial use and doesn't pay a yield. Very few, if any funds invest in it.


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    #9
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,280 Mod ✭✭✭✭Jim2007


    hfallada wrote: »
    Asia will.only buy commodities and currencies that are of value. But the Asian economies are slowing down rapidly compared to their growth 10years ago.

    If you look at the demographics, this should not surprise anyone. Ageing populations can not support booming economies...


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