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Gold investing? |
how do I get started in investing in gold? LOL. The dollar value is dropping and you want to invest in gold now? BAAAAD Idea. Hmmmmmm. Gold is pretty much higher than it has ever been and you want to invest in it? In part this depends upon how much money you have to invest in the first place, (it takes money to make money). 1) Look on Kitco.com, which will tell you gold is at $800 an ounce today, look at the history (gold is higher than ever in 27 years) You can buy an exchange-traded fund, GLD, from any stockbroker. It tracks the price of gold, up or down. And you don't need to worry about storing your gold. |
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I would say silver. Here's why; At their all time highs, gold was $850/oz. and silver was $50/oz. Adjusting for inflation, gold should trade at around $3000/oz to equal it's previous a... 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 buillio... 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. ... |
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