I want to invest in gold.?

i have $30,000 to invest in gold. I have never invested in gold or anything else, how do i do it?

The U.S. economy is not too convincing right now. Gold has more than doubled over the last 4 years.

I agree with everyone else so far - do not invest your $30,000 in gold. There are multiple issues with investing in an asset such as gold and here are a few.

First, you would be investing all your money in a single asset class, so you are very exposed to movements in the market as far as your returns are concerned. You will have no diversity in your portfolio, which is really bad.

Second, gold usually increases in value when the economy is doing badly, but bad economic conditions do not last and the government and big business always work toward improving the economy, so technically, you will always have a force trying to drive your investment value down.

Thirdly, your $30,000 would bring you better long term gains in you invest in a variety of assets, such as stocks, bonds, CDs, savings accounts, mutual funds, ETFs, indexes etc.

The general idea of investing is that you buy into companies or other assets that you think will give you good returns in the medium to long term. As gold is a doom and gloom commodity, it's value will go down as the US economy starts to recover in a few years. It might be OK to invest a little of you $30,000 in gold, but there's no way I'd invest the whole thing in a single asset. Spread your money around and you will spread your risk.

I hope this helps.

PS If you really want to invest in gold, try this site for more information and interesting articles on gold.

http://en.wikipedia.org/wiki/Gold_as_an_...

Do me a favor. Don't.

Where are you getting the idea that investing gold does a return on your investment?

You get a better rate of return if you invest in other stocks.

Unless you reading off a fax junk that say that there is gold stock for the lowest price which by the way is a scam.

Go to : low-cost-stock-recommendations

.com

Click on the "Precious Metals" Button on the Navigation Bar

It has a very good analysis

I would not invest in any precious metal

I would be very conservative with that $30,000

you can just buy kruger rands from a coin dealer.

That's fine. But you should use precise entry and exit points when getting into it. It can mean a world of difference when you trade.

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I agree with Shaun R;
you should know when to buy and sell.
and I also agree with the guy giving a long explanation that you should diversify away your risk.
But if you really want to invest just in gold, buy yourself some put options to limit your downside.

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