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Gold investment within a SIPP.


Spiney Norman

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Spiney Norman

So i've just opened a HL SIPP and am in the process of transfering 20K in to it.

The government will credit my account with an extra 20% or 4K to  offset the income tax.

I think that 20% of the money held in this SIPP should be in gold and maybe a little silver. I have done some research and am thinking of holding WisdomTree Physical Gold (GBP) or Sprott Physical Gold Trust Units.

Or possibly GDX and GDXJ mixed in as well

So whats the opinion of all you  basement dwelling Goldbugs down here? What are you doing? or what have you done?

All opinions welcome.

 

 

 

 

 

 

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wherebee
7 hours ago, Spiney Norman said:

So i've just opened a HL SIPP and am in the process of transfering 20K in to it.

The government will credit my account with an extra 20% or 4K to  offset the income tax.

I think that 20% of the money held in this SIPP should be in gold and maybe a little silver. I have done some research and am thinking of holding WisdomTree Physical Gold (GBP) or Sprott Physical Gold Trust Units.

Or possibly GDX and GDXJ mixed in as well

So whats the opinion of all you  basement dwelling Goldbugs down here? What are you doing? or what have you done?

All opinions welcome.

 

 

 

 

 

 

I'm holding a bit in GDXJ still; in a big metal runs up I expect it to double from here as retail investors pile in; the trick will be to get out before it turns down again.

I bought originally at low 30's (long time ago as a way of having an exposure to gold when I was living overseas), sold most at 50ish a long while back, sold some more at 48 to move into oil in 2020-1 thanks to DB.  If it goes to 80-90 for me, I'll sell it all out and rotate into something with a future dividend stream, I think.

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