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Is it wise to invest in gold? |
Is it wise to invest in gold? For short term - No. For long term- wait for some time since gold is at its heighest now. Let it cool and then buy i guess it's ok!! it would have been two years ago. if you do it now, you are buying while the price is high, there is far lesser chance of making any money. depends on how much gold you can buy There are good and bad points of gold. Gold is trending up to $850/oz in 18 months I bought gold in 2002, and i got my a$$ handed to me. It might go higher or it might go down....since its been doing so well recently, i would have to think its about to tank. Judging by the past trends there is no reason why one should not invest in Gold right now. |
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How do you feel about the US dollar? Gold is generally considered to be an inflation hedge - inflation erodes the value of the dollar. The current environment is not considered inflationary but oth... NO...NO...NO...This is the wrong part of the cycle. You should have made your investment in 2003! Wait until the next recession is at its deepest point and then make an investment in gold! ... if you can take possession of and store physical bullion securely, do so by all means. etfs are ok, but they are still one level of risk higher than bullion. it is very unlikely, but there is st... I think Youngfellow is misanalyzing the data. He assumes that $800/oz. is a place to sell to take profits and he's probably basing that on the all time gold nominal high set in 1980 of $850/o... investment on GOLD on long terms is a good idea. Mostly Indian (conservative - majority believe in saving than spend) usually opt for investment in Gold. CD account will not give you return on ... If you going to invest in gold, do it as a diversification move. Not so much chase price levels. Personally I don't want to buy something after a run up but if you want to have the diversifica... precious metals are often considered a safe haven in inflationary times. also with this recent trendy commodity boom, speculators and hedge funds have thrown billions into the markets, taking them... You want the pure stuff, .9999 fine gold, ie, 24kt. You are going to pay a premium over spot, so get the bars as the premium for them is less than the premium on coins. Also, stick with smaller... |
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