Is Now The Time To Invest In Gold?

I was reading some info on http://gold-news.org/ and I see a rather compelling case for investing at these levels. Is anybody else taking a position in the gold market right now?

I think the glory days of gold are past for awhile... I see such better opportunities in stocks and mutual funds, not to mention real estate. I would invest in a painting before buying gold.

Gold's useful as a hedge, when the market is unsettled & depresessing.

But we are coming up to a midterm election next month & the administration will do anything they can to make the market happy - SOP for whichever administration is in power.

You might want to research the people that own the website & figure out their motivation - do they perhaps...................sell gold at above market price ?

Right now is a bad time for gold.

The only thing gold really offers is safety. It will always be needed and is more stable than many currencies. Gold is never really an investment to make money anymore. Sure it had a good year, but that only occurred because of instability in the stock market as well as the real estate market. Gone are the days of small time investors going for precious metals. Gold hasn't been a good investment since we got off the Gold Standard in the 70's when the price was like $800 an ounce (maybe only $600), but my point is that the stock market and real estate markets have gone up at least 1000% while gold has dropped and inflation has tripled. Stay away.

I wouldn't go with Gold. Most precious metals have come down along with natural resources such as oil and gas. Gold received a big move up from the value of the dollar compared to other countries and gold "can be" correlated with inflation from an investment stand point. The Feds are likely to keep rate the same or move up slightly. If this is the case, I don't see gold making another big move, unless something unforeseen comes along. At this point, you could go to a lot of other places instead of gold and lower your over all volatility.

If you are not a millionaire you should not especulate with gold.

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I am buying silver. (as a hedge against a complete financial meltdown) In 1928, an average house sold for around 4000.00 (an ounce of silver was 1.29, and a silver dollar had about .71 ounces of silver) today, 2800 ounces of silver is worth about 30,000-35,000. The average home sells for 120,000-250,000 Precious metals and real estate are both items that retain their value relative to each other. Either the price of a house is too high or the price of silver/gold is too low. Since I don't think the Federal reserve will take enough money out of the system to drop housing prices to 30,000-35,000, I believe that the free market will revalue gold/silver to appropriate levels. Long story short. Go for it. Keep the gold/silver in physical form, though.