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<p>[QUOTE=&quot;PaddyB, post: 2477382, member: 40017&quot;]Although I am new into buying gold I have been attentive to gold and silver prices for a good many years due to my interest in coins. The answer is - prices are pretty volatile!</p><p>I use this website - one of many around: <a href="http://goldprice.org/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://goldprice.org/" rel="nofollow">http://goldprice.org/</a></p><p>If you adjust the options to your currency and preferred weighing system and then extend the graph period to 10years or so, you will see how much things have changed.</p><p>In GBP Gold has gone from around 10 per gram ten years ago up to a peak of around 35 in 2012, It then dropped to around 25 for a few years and has recently jumped back up to around 32. Those are pretty big changes, and if you bought at the wrong time you may have seen a drop of nearly a third in your stock value at one stage.</p><p><br /></p><p>I view gold more as a long term hedge against inflation - particularly likely to be a problem in the UK in the short term. Don&#039;t expect to make a quick killing unless you are very lucky.</p><p><br /></p><p>Buying at less than current market value is, of course, an advantage and not as impossible as it sounds: there are many people at flea markets who don&#039;t know the value of what they are selling, but even then you can lose if there is a sudden drop...[/QUOTE]</p><p><br /></p>

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