Fastnick

Everyone should be out this weekend scouring their local antique centres for cheap gold AND silver. The dealers never get around to all their cabinets to change prices. Oh and keep an eye out for sovereign scales for me as well  

H&B are selling the 2019 Sovereign at £289....
eBay has yielded some below-spot bargains for me (all due caution needs to be exercised, of course!)....
and a local antique shop hadn't been keeping an eye on the gold price over the last few weeks 

The forum!

H&B are selling the 2019 Sovereign at £289....
eBay has yielded some below-spot bargains for me (all due caution needs to be exercised, of course!)....
and a local antique shop hadn't been keeping an eye on the gold price over the last few weeks 

I'm very bullish about gold in the long term, so paying a higher price than I was a few months back is not something that I'm uncomfortable with; providing I'm paying spot or below, I'm buying as much as I can at the moment 

H&B are selling the 2019 Sovereign at £289....
eBay has yielded some below-spot bargains for me (all due caution needs to be exercised, of course!)....
and a local antique shop hadn't been keeping an eye on the gold price over the last few weeks 

I've been picking up quite a few Sovereigns and Half Sovereigns recently - if you have the time and inclination to do a bit of legwork and digging, there are a few decent "below spot" opportunities around.

I'm very bullish about gold in the long term, so paying a higher price than I was a few months back is not something that I'm uncomfortable with; providing I'm paying spot or below, I'm buying as much as I can at the moment 

H&B are selling the 2019 Sovereign at £289....
eBay has yielded some below-spot bargains for me (all due caution needs to be exercised, of course!)....
and a local antique shop hadn't been keeping an eye on the gold price over the last few weeks 

My Gold finger is becoming itchy, when is spot coming down.
 

The OP had absolutely no business buying gold in the first place as it was clear that he did not understand the nature of gold, and you should never invest in anything you don't understand. 
But that's alright... there isn't an investor alive who hasn't made a tonne of screw ups. It's how we learn. I have learnt more from my failures than I have from any of my successes. 

Current Price £15.02 5 Year High £15.78 3.8% away
 
 

It looks as though Silver, Gold and Platinum are all enjoying "a good day out" this afternoon, following on from the above news......

Stocks retreat after China announces new tariffs; Wall Street awaits Powell’s Jackson Hole speech
see here - - >>  https://www.marketwatch.com/story/stocks-set-to-head-slightly-higher-as-wall-street-awaits-powells-jackson-hole-speech-2019-08-23

Another AWESOME deal/exchange  was done between myself and @Robjw - thanks Rob
and these 3 ladies landed today  - - -  ->>>
 
 

TaDA!!

Got to love half crowns  plus a lovely gold coin 

Ahh... yes... the more wealth we have, the more worries... very very true.

The thing with holding physical gold is, the only risk there really is, is if someone steals your goods. Prices may go up and down, but because you own the gold, you will never receive a margin call from a broker, wanting more cash to maintain your gold holdings... hence if you are in it for the longer haul, it is a nice and peaceful investment, you don't have to lose sleep over it. I certainly don't. If the price goes down, it makes me happy because then I can buy more gold for cheaper. And if it goes up... well then my net worth increases along with the gold I already own. So as far as I'm concerned it's a win-win scenario. Gold is also very liquid and you will always find a buyer for your gold, for more or less spot price, if you ever needed cash for an emergency. I remember when I dabbled in the stock market, I was a nervous wreck and watched the prices all the time.

While I am a fan of PMs, I am also scrupulously fair to other investments, and what you say is not entirely accurate. Gold tends to be more volatile than stocks, which tend to be more volatile than bonds.
Yes, gold is proven very long term store of value, but its shorter term cycle swings can be wild.
That is why in most asset allocation plans they allocate quite a small chunk to gold and much larger quantities to bonds. It is because of the inherent volatility of these assets classes.
 
While I think PMs are well positioned to deliver strong gains, it will be a wild ride with plenty of corrections, and you should not hold more than your risk tolerance allows. This is true of any asset. Humans are emotional creatures; losses hurt more than gains make you feel good, meaning that most people are best served with a balanced and well diversified portfolio that smooths out the ride while still capturing much of the upside.
 

There's always light at the end of the tunnel. 
Im in the same boat, but there is money to be made out there. Get the fractionals of gold. 
 
Thanks @vand for the motivation and reassurance.
  
 
 
 
 
 

You know what Truman said about economists.

Actually, gold is low risk... the opposite. That's why during times of turmoil and uncertainty, investors pile into gold... it's a "safe haven". Gold is similar to cash, but not dependent on volatile exchange rates.
There was another guy who was scared of gold, In December last year I think, and he sold all his gold... ouch. 
Of course nobody has a crystal ball, and you may end up being right. Time will tell.

Gold is still cheap...and so is silver.