I'm new to investing and I'm thinking about buying gold. Is the price too high now? Have I missed the boat?

From what I can tell, I have to buy shares in a company that trades gold; is this correct? (GLD)

I would be a bit cautious. What is gold now, about $830? Of course it could be $1000, but it has come up from a lot lower. Bear in mind there is no income from gold. Out of interest work out the value of gold over the last 5 years compared to cash compounded up over the same period.

What about other precious metals? What about Lithium? see article www.shareworld.co.uk
There are also rare earths. They are used in everything from batteries, LCD screens, pigments, batteries, The Chinese are trying to monopolise them.
Going back to your question: how about gold jewellery? You could have some gold made up (no good buying in a retail jeweller) into something for you or your partner to wear. It would give you pleasure and maybe a profit (don't get too attached to it!)
GLD; from another answer is this an ETF? If so this will (should) purely track the gold bullion price, again no income. Gold is valued in US$ so if you are in another currency you may have to think about that.

you haven't missed the boat yet, there is still about 25% gain left in this leg up.
But buy gold shares through a precious metals mutual fund.....If gold goes up, the mutual fund should go up faster.
Make sure it is a mutual fund of Gold producers, instead of exploration companies.

I would buy Gold today. You can either Buy stocks ( shares) in various companies on the market or buy Gold bars.
You need a good broker.
Let me know if I can offer any other advice

I think it could still go higher but I think most of the easy money has been made. I think the best bet is SDS (this is an ETF that goes up when the market goes down):

http://www.top10traders.com/ViewHolding....

Yes, the price too high now.

Better put your money in Belarusian bank.
You will get a 13% rate of interest with NO RISK AT ALL because all deposits are state insured.

Or lend your money privately to Belarusian entrepreneurs who will pay you over 30% interest per year. Very low risk and high rate of return.

For more details please email me at bestinvest@land.ru (with your nickname at Yahoo Answers).

Good luck!

It's not later to buy gold ,it will reach $1000 in 2008.

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