A very good explanation of the moving gold price is provided in the video below, but first, a wonderful illustration which explains the cost of mining gold
Recorded After The Recent Price Fall, Here's An Explanatory Video Explaining What Happened And Why
What Do Wise Investors Do When Markets Fall?
It doesn't matter whether it's gold, or stocks and shares. When markets fall dramatically, or crash, while small and inexperienced investors panic and sell, the smart investors buy.
It's a simple principle. You get more for your money than you did before the fall.
Gold doesn't move in line with other markets and therefore, it provides a good investment hedge in uncertain times.
Gold is effectively a currency, used by wealthy individuals and countries as a secure, long term hold for money.
For all these reasons, gold is the one investment we always feature that isn't property backed. If you want to buy gold, either with cash or through your SIPP, go to our Investments page.
Given the fall in the gold price this year, buying now will give you the most for your money!
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AJ Bell Is Often The Best Value SIPP For Stockmarket Assets
Over time, charges can wipe out a huge part of your fund. We like AJ Bell because there are no set-up costs. If you hold passive funds, which is our preference, or shares, investment trusts, EFTs, gilts or bonds, you pay one small fixed fee no matter how large your fund. And when you come to draw your benefits either as occasional drawdown or UFPLS payments, there's a small charge for the whole year no matter how many times you access your money (many SIPP and SSAS providers charge more than this for each payment). However, you should always compare charges in detail, because AJ Bell could be more expensive than other providers, depending on the type of stockmarket assets you hold.
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As SIPPclub neither advises on, nor arranges, nor recommends specific investments or strategies, we're unable to say whether a SIPP or SSAS or any investment within it is right for you. Ultimately, it’s your money and your decision, and you should only proceed once you're satisfied you've undertaken sufficient due diligence. If you need advice, you should speak to your trusted adviser, or you could find a local adviser from Unbiased.co.uk. Alternatively, we'd be pleased to introduce to a suitably qualified independent financial adviser.
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