I decided to move around 25% of all my cash into gold 11 Jan 2007 (cash was tied up in my house until I managed to sell it). Was going to go 100% into gold, but decided to split 50/50 gold/platinum. Very glad I did, as while gold price has hardly moved at all, platinum has increased by 25%, netting me a very nice profit.
Many people on this forum advocate holding physical metal, ie through bullionvault.com. However I'm happy to hold ETC (certifcates), as these have the ease of being quick and easy to sell like shares, and can be held in an ISA or sharedealing account, available from any of the many providers (eg www.selftrade.com). I've bought them with sterling, although they are priced in USD.
There are two variants of the gold ETC, but only one of the platinum from what I can see, and this is backed by a physical holding of platinum. My only choices now are whether to sell my gold ETC and buy more platinum, and how to decide what time to sell up. If economic conditions deteriorated suddenly and dramatically, then I would consider changing my ETCs for physical gold from Bullionvault. But so far I'm quids-in!!
QUOTE (doom&gloom @ Feb 12 2008, 12:15 PM) 
My only choices now are whether to sell my gold ETC and buy more platinum, and how to decide what time to sell up. If economic conditions deteriorated suddenly and dramatically, then I would consider changing my ETCs for physical gold from Bullionvault. But so far I'm quids-in!!
Good for you!
As everyone knows, the price of platinum only ever goes up!
You see, this time it's different!
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