Is it worth investing in gold in the current economic climate?

Gold is viewed as a safe haven when there is turbulence in market economies. However gold has already reached its peak, and what goes up must come down. Try this new website: this will provide some useful info from those who know the market.

www.goldpricecrash.com.

yes do it now buy a bar

I am sure it is but the difficulty is how do you do it.

is that a pyramid scheme...better not ...i know someone...who juz stop,becuse it was a fraud.

yes, it's worth having in a diversified portfolio

A very good bet for the next 20 years

I would invest in Selenium 74. Banks are starting to use it as a reserve in place of gold because its much easier to transport around the globe

if you want to invest in a small amount of gold then there is no use for it. but if you have something big say 1 to 4 million dollars of investment then I advise you to invest in Gold, but there are still risks involved in this because the price of Gold is related to oil, if the oil prices rise, united states rises the price of Gold to compensate the loss, but if the prices decrease the gold will go down, the bigger risk is that if Alternative energy solution is found or adapted like solar or hydrogen solution as an alternative for oil, then the gold will be not worth anything, but I believe that the chances that the world will start to use alternative energy are 12% only so it will be wise to invest in Gold right now before the prices increase.

faisal sahar.

possibly.. some people think gold may rise dramatically in price.. it has done in previous times when shares have looked flaky, and economies are in recession. It amy if the gloom mongers views are correct and we are heading for a 30's style global depression.

howevr gold has alrady risen dramatically.., the time to buy gold would have been 2..3 years ago. if you think its still going to rise then you can buy shares in gold deposits or bullion direct. but beware there are a lot of sharks and scamsters looking to make money out of people buying gold.
one possible wya to deflect some of that is to buy shares in gold mining and refinging stocks.


one thing to bear in mind though is why should gold be a valuable commodity.. it has been in the apwst, but what happened in the past dsoesn't nceecesarily mean that it will happen again. it may, it may well but you cannot guarantee that.

Gold is too volatile and has already reached its peak.

Adjusted for inflation, Gold was at $2000 - 30 years ago, now its $1000.
Its all a matter of timing.
There is no safe heaven for your money.
If you have independent wealth, you usually spread it into Real estate, Gold and Papers (Stocks, Bonds), that way, one goes down, one goes up.
Gold is high, compared to the last 20 years, its to late to get into it now, is my opinion.
I would use any money to pay of debt, keep maybe a $50,000 short term CD, if a bargain of any kind comes along and enjoy life.

I think it is worth to do this. If you have as much as more than one million dollars, you should think about it. You better just make short trading, make the money and run. If not so, I think you better keep your small savings in your bank account. Think about the service and commission you needed to pay for buying and selling gold bars. In case of gold price declines as oil prices down, you will probably end up as a loser in gold investment.

Traditionally gold has always held it's value better than the dollar in terms of buying power. an ounce of gold has always been able to buy a well tailored suit and that ounce of gold will not lose its value like currency.

As soon as you can.

You have to understand, the current economic climate is not a temporary state, but a new permanent condition. We have relied on an economic model of constant growth, and that growth was been fuelled by cheap, abundant oil. Well, oil is now running out, and is no longer cheap. It will continue to fluctuate in price, but ultimately will rise and rise as it gets rarer and rarer. It seems that there IS a limit to growth. The consequences for the global economy are enormous.

Finance has become an industry in its own right, inventing shell games and pyramid schemes that were working well as the economy supposedly 'grew', but it was all an illusion.

Capital was no longer the accumulated wealth of money already earned, it became speculative, money being lent on profits not yet earned, and all the time the economy was 'growing' i.e. more and more credit was being extended, the illusion survived. Now that illusion has been shattered, and the world is waking up to the reality that money has been divorced from anything of value. Once there was the Gold Standard, and money had to be backed up with something of value, but once the Gold Standard was abandoned, money was feint currency, something of value only because someone said it was.

It is no accident that when economies falter, that people flock to aquire something that holds it's value, like gold. Silver is a good investment too, in fact, as energy costs rise, the poorer ores of all metals are not mined because the costs would outwiegh any benefits. Thus the stuff that's already been mined holds and even increases in value, and metals become a good buy. Silver is rising in price because so much of it has been used up in the electronics industry.

You can buy gold as an Exchangable Trade Commodity if you want to buy it in large quantities. Otherwise, go to a reputable jewellers and buy as much as you can afford. Sooner rather than later.

Yes gold and silver
they'll always go up
keep it for 20-30 years
you'll be happy ;)

cheers(: