Is gold price too high to invest in now??

Hi,
I am really worry about the inflation of USD.
So I am thinking of turning the USD i have into gold coins. I am not sure if this is a good idea.

Its more for safety than profit. But with gold being at $930/oz, I dont know if I will lose money if it go down again?

But then, I might also lose money if the USD get inflated.

So I am not sure which I should do. Invest in gold? or not?

Thanks

Gold is a terrible long-term investment historically.

Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.

Go to : low-cost-stock-recommendations

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Click on the "DRIP's" Button on the Navigation Bar

These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.

They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.

If you decide you are interested in DRIP Plans, click on the advertisement on the same page "$4 to purchase stocks". This will answer your next question, which is, How do I get started? and what is the least expensive way to get started?

I strongly recommend looking into it. They are great plans.

Good Luck

many people have been murdered all for the greatnest of gold..ill pass

Don S is right - forget gold right now. It's at one of the highest prices ever. If you buy now, you stand a very good chance to lose a good chunk of your money.

You're better off to fund a diversified retirement account. If you're in the US, look at IRAs, especially Roth IRAs if you qualify. I would find 2 or 3 index funds with very low expense ratios, and invest in those. Index funds cover all sorts of sectors of the market, so you can get some diversification by picking different sectors.

It will go back down!!

Don S is right. Gold has been one of the worst long term investments. It has done well over the last couple of years, but right now it is close to the same price it was at 30 years ago. In the last 30 years, gold has returned about 0% while the stock market has returned about 1000%. Ther is no guarantee about the future, but stocks have historically done much better. If you are worried about the US economy, you might try a highly rated international stock fund. If you really want some exposure to gold, put a small % of your money (not more than 5% or 10%) into a gold or precious metals mutual fund.

Forget it. your too late!!!

I can't believe you are getting such bad advice here. Gold is a great long term investment. I'm going to post a link to an expert who explains it better than I can. The key is that gold is safe from inflation.

Some experts say that gold will be dropping by the end of the year. Source: http://www.goldintomoney.com/precious-me...