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Invest gold/silver while stock market boom? |
In my country, stock market has been continuously bullish for the past six months, trading volume is higher than last year. I know there's boom and there's bust, and time is unknown. I laugh at people who say dnt buy gold because they haven't the slightest clue of whats going on around them.The above is just like a $million on a desert island is just as good as toilet paper. Gold/precious metals are a TERRIBLE investment, are really not a "hedge", and usually only make money for the people advising you to buy them. You buy it when it has been dropping significantly so that when it rises again, you can make a profit by selling it. Right now is not a good time to invest in the precious metals you have mentioned. Gold isn't more expensive... the dollar is just worth less. Holding dollars is the worst investment you can make. |
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