Hi, Folks.
Your opinions please on which of the Irish stockbrokers would give the best rates for investing in commodities, particularly Gold, Silver, Platinum, Uranium, Copper,Aluminium.
Hi, Folks.
Your opinions please on which of the Irish stockbrokers would give the best rates for investing in commodities, particularly Gold, Silver, Platinum, Uranium, Copper,Aluminium.
Are u talking about investing in companies that are exposed to these minerals? Miners for example?
No. The actual commodities. I know there is a variance in fees & vault charges etc.
No. The actual commodities. I know there is a variance in fees & vault charges etc.
not sure any stockbrokers are involved in selling commodities.
You're looking for a stockbroker that trades options. And I don't know is the short answer.
You can also indirectly buy commodities through ETFs and ETNs. Often without the downsides of direct option trading.
Why use an Irish stockbroker at all? They're far too expensive for any kind of international buying.
Try Keytrade or E trade and at least you're not paying ridiculous commissions up front
Kris,
I agree are great areas to get invest in. However, a word of WARNING!!!!
If you were under the impression that you could buy these commodities, rather that miners, exploration etc, then I think it's safe to say that you have a lot of learning to do.
These are very volitile markets, and if you trade them yourself you can come out very badly out of these trade, even in a bull market, as the psycology of investing and human nature might scare you out of good long term investments.
However, you are dead right about these investment opportunities IMO. And as such, I think you should take a look at getting exposure via some funds which deal in these areas, which means you'll have professionals making the descisions, and you will not need to keep an eye on your stocks.
That would be the way to go. You can buy funds through rabodirect and others, or you can open a brokedage account, internaxx etc, and buy them that way.
The greatest trader who ever lived, Jesse Livermore, said that he never made any really big money by thinking, but by sitting, and that's the hardest thing to learn.
Also for prescious metals, take a look at Bullionvault, goldmoney.com, or gold.ie.
There is another 5-10 years in this commodity bull IMO.
Good luck, and be cautious.
Thanks for your advice NP14.I can assure you it is much appreciated. I and two of my workmates are currently researching the possibilities. We have logged on to gold.ie and have download ed all their guides. We also have been talking to them. Their advice was that an ideal mix would be 50% gold, 30% silver and 20% platinum. We would lean towards a higher % of silver as the forecasts that we have accessed are saying it could go up 100% over next 3 years.But we are also looking at soya, coffee, etc. as alternative options given the current turmoil in the "normal " markets.
You're ignoring the most simple rule of investing - buy on the down cycle not what's already gone up ie. gold
Of Course. We queried that with gold.ie. Would have thought that they would have advised us that way. To me silver seems the best option of the metals.
