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Should I buy gold or silver for and investment? |
Should I buy gold or silver for and investment? Gold, silver and oil are risky right now because of their price.Plus they pay no interest. research Palladium..Platinum..Nickle....look at the last 6 month chart for symbol PAL i don't a lot about silver, but the thing about gold is that it never looses it's price and keeps on increasing. Gold is VERY expensive right now. It has reached to a very high price, so if you have the money I would go for gold because I really doubt that the price will ever go down. Not gold, not silver. Both commodities have run up too much too quickly. Another thing about gold is that something north of 98% of all the gold ever mined is still out there in coins, bullion, industrial products that can be recycled and jewelry. Every year more gold is mined hence the supply of gold is always increasing. Oil on the other hand is a disappearing commodity. We burn up millions of barrels every day. As the eceonomies of India andhina continue to grow, so does our consumption of oil. And oil is more and more difficult to find. One day we will run out of oil. We will never run out of gold. And gold cannot fuel your car or heat your home. Invest in oil or oil stocks like I do and you'll do well. I bought some gold stocks years ago when gold was trading below $350 an ounce. I sold them all off at a nice profit when it neared $1,000 an ounce. Buy low and sell high. Oil may seem high right now and it may go down, but long term it has a lot more upside than gold because we will run out one day. And when we do, that last barrel of oil will sell for a hell of a lot more than $100. Probably well over $1,000. |
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The previous answer is a scam. I live close to the Gold Coast (an hour away). For a new two bedroom apartment with small water views, prices are about AUD$500,000. For AUD$500,000, you could al... Gold is more fun to look at. Plus you can find some your self. Oil is getting ready to retire and will soon be a thing of the past. ...I suppose it would depend on what color you like it. ...We're not able to produce any more of it... Seems safe to me. Like the person above said, very liquid. ...Anyone that would loan you money to speculate in anything would have to be a moron! If you already own such things, some institutions would use them as colatteral, but usually at 50% or less of cu... Yes, so far the gold price will go up again. You don't buy the real gold and store it at home. Buy e gold and gold from bank which only give you a certificate. ...Here is a thought. Buy marginal mining stocks. Their earnings and stock price will rise dramatically on any rise in gold prices. A safer approach but not so likely to score big results is to buy... The answer to your question is a resounding no to Gold being a good investment. Is speculation at best and a guaranteed loss at worst. When gold performs best, as in the past very few years, it i... |
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