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About investing in Gold...? |
I want to invest some money in Gold. Where should I look, should I invest in coins, bullion or ETFs? What should I do? What is the most lucrative and what is the most safest should some kind of depression or recession come around? As far as gold is concerned I would buy gold mining stocks now such as Yamana Gold or Barrick Gold. They should report a nice quarter with the rise up on gold. I agree with others, buy some buillion for now wait for gold to get down to 720 and get into the ETF. Here's a couple of links for you. The first is gold, the second silver. It is a very convenient way to get in without having to take possession or pay rent for storage. It is a good idea. My preference would be bullion. You know that Gold went up from around 300 to 700 on a steady increase over the past 5 years. If the US dollar keep weakening Gold is an excellent choice. good move. Before you invest, research the history of precious metal prices. They can be very volatile. |
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There is more than one way to invest in Gold (or any other precious metal). One method is in the commodities market (also known as the futures market). There is not enough space to get into ful... That's a risky move if you ask me. Gold has historically been a horrible investment, languishing for decades and then experiencing a sudden spike. In my opinion, you'd be buying nea... gold is a standard so that is a pro but it is an investment like anything else, it can go up and down, gold will never go out of business and when the dollar gets weaker the gold goes up. but ju... That's because nobody truly understands gold. You have to remember, gold just came off a 20 year secular bear market, so people automatically equate it as a "bad" investment. That&... I say the stock market, more specifically Mutual funds. Over the long rung they will continue to increase in value. Right now Gold and Silver are hot. That's great if you bought it 4 or ... I can see it going as high as $800 before it slowly starts coming down again. ...Gold prices dropped about 10 years ago to under 300 bucks an ounce. England debased their economy from gold. They dumped 60 tonnes of gold on the market. As that gold got used up the prices have... Interesting time to buy gold now that it trades over $1,000 per ounce. Five years ago you could have bought it for under $350 an ounce. Can I ask why you weren't interested in buying any back ... |
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