Silver is much more volatile and it cannot help but go up at some point. But buy coins. Don't put your money in paper.
Ask anyone you know over 50 what the dollar used to buy and then tell me there is no monetary inflation. There is. Gold and more so silver will have their day, but you may not like what will bring that about.
If you think everything is fine consider the debt. The US owes 17 trillion (and that is the Federal Debt.) Divide that by 320,000,000. [17 trillion has 12 zeros behind the 17.)
When you do that you get something like 53000. That's the amount that every man woman and child owes to pay down the debt. Can your family afford to 53000 for every family member? Mine can't.
That's why you buy gold. It is one of the few things that will protect you from the coming situation, when someone will call the dollar in for what it is worth, which is a lot less than it is now.
Ask your parents whether they think food is cheaper than it was 10 years ago. That's why you buy gold. To protect yourself from the nonsense that the central banks are creating.
Gold is not a good investment. It is a necessary one. Stay away from anything that has paper. Buy the real thing. Buy Silver as well, because it is more affordable. and has been clocked heavily since 2011.
Don't buy anything now. Let them both drop further.
I'd say no, but if you're looking to take a position on gold, make sure you buy physical. I'm too cynical to accept that dealers will make good on the promise of Exchange Traded Funds (ETFs) which are paper-based.
As Larry pointed out, trends are that gold sleeps from about May-Aug, coz that's when speculators tend to have holidays. It starts to peak around Sep-Dec because people buy gold for Christmas. There may be minor blips throughout the year (tying again with holidays) but these are the main times over a given year.
I'm talking about physical gold, not the paper-money ETF - which I see as a potential con, coz there may be $100 billion worth of ETFs out there, but there is really only something like $100 million worth of gold across the planet. (These are figures off the top of my head - my point being there is more paper than there is physical).
Gold is on a downward move away from an all-time high in 2011, so if you do buy gold, expect it to lose a bit more - I do.
Personally, I've bought a little, but I'm building a stash for my kids, so will be buying whatever the price. It's a long-term investment. I don't expect to see gold climbing any time soon. Other precious metals like Silver - good industrial metal with unique properties; Platinum or Rhodium (say) or Palladium are speculative "maybes". I'm totally unconvinced that silver will "head to the moon" as some claim on youtube, but it's a totally undervalued metal in my opinion.
Myth: Gold is a safe investment.
Reality: Gold (and most other commodities, including precious metals) are highly volatile. They are more for speculation than investment
Myth: Gold is a hedge against our current/impending rampant inflation.
Reality: US inflation is at historical lows right now, and there is no indication it will accelerate significantly anytime soon.
Myth: The US dollar is declining, Gold is the only "safe harbor"
Reality: The US dollar remains the worlds reserve currency, and has actually strengthened against other major world currencies recently.
Myth: Physical coins are a good way to invest in gold
Reality: Most gold coin dealers try to entice buyers with promises that not only will gold coins rise in value due to increases in the price of the metal, but will have collectible value as well. Some coins do increase in value. Most do not. Physical transactions are more costly than electronic ones, and you will lose in dealer markups every time you make a physical transaction.
http://www.goldprice.org/ Take a look. If you wanted to profit from gold, you missed the big run-up in price. It peaked in 2011, and has since sharply declined.
I'm not saying people can't make money in Gold. They can and do. But it's presented in advertisements (often aimed at risk-averse seniors) that buying gold coins is the only rock-solid, safe harbor investment in "these turbulent times", when it is anything but. Gold is a speculative investment. Tread carefully.
The gold investment is good for the individuals.Because it is help to future any urgency means use it. The gold price is also based on the stock markets. So the price of the gold has to increase and decrease for the basis of share rates. You have to find which time is best for investing that and then investing it
Gold and silver are strongly correlated, but where gold is 35% off its highs, silver is 65% off its 2011 highs. If you think of gold as a "safe" investment (traditional thinking), this current deline in gold and silver says otherwise.
No, gold has been a horrible investment for the past three years, and the trend is still down. Boot Hill is full of bottom-pickers.
But if you want to bet on the rise in prices of precious metals, gold outperforms silver (the gold/silver relationship rises) during periods of market distress. But silver is so oversold, silver may outperorm to the upside in this situation. So everything is very confusing right now.
Nope, it's not an investment, but it is good to trade, sometimes long, sometimes short. It's been in a bear market for the last 3 years, and there are 2 more years to go.
If you like gold then invest on it. I am suggesting you that you should invest on gold....because gold is a synonym of wealth and money.
Golds another name is solid money,that's why it is good for investment
I think, Most people buy gold as a reaction to the uncertainty around them. Gold is a synonym for wealth and money even though in the modern world it is neither.
Only buy gold when you're going to hold onto it for 20 years.
Learn the proper way to trade stock http://www.jasonbondpicks.com/aff?w=jbpm... Answers and you wont have to ask people on Yahoo Answers if something is good to invest in or not.
You need to study present markets price and invest to buy or sale.
Its at 2010 numbers. Trends show it dips in Aug, and spikes in Dec. I have some I got last week.
it might be years before you see huge gains but if you are happy at 5% by December, I'd say its a buy!
Only as avery small part of your overall portfolio
Gold price today was $1221.90 and shows it may
decline even further.
Its cyclical so you need to watch markets closely and buy at the right time- if you want to just buy and hold for a long time buy a stock with high yields!
invest in MySpace
it does not pay dividends and it must be stored unless you buy a GOLD ETF stock but why? there are great stocks like AAPL and SBUX
i like gold so yes
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I'm short about 30 big contracts (i.e. $3.6M) so it better not be....kinda loaded up the truck on this one...
yes
not for you.
