Does anyone buy gold as a commodity? I’m thinking about buying gold so I can have some sort of tangible wealth?
Joe G asked:
I just like the Idea of having something physical that is worth something. What is your experience with gold investing?
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I just like the Idea of having something physical that is worth something. What is your experience with gold investing?
January 27th, 2009 at 3:27 pm
yes actually a lot of people do, it’s called diversifying your assets.
some people will also but different stocks or currencies.
It makes your savings (hopefully) gain interest so your money works for you. its a pretty smart idea you should look into it
January 30th, 2009 at 3:28 pm
Buying physical gold is a relatively safe investment, as the leverage is 1:1. It is possible to trade gold futures contracts or spot gold in commodities trading accounts where the leverage is high, and so is the risk and the potential for profit.
January 31st, 2009 at 8:39 am
Just realize that you won’t ever see or touch the gold. It is stored in a vault somewhere, not sent to you. Also, right now gold prices are wayyy up, because everyone else wants something more tangible than stocks or CDs, too.
February 3rd, 2009 at 8:30 am
Gold is a very safe investment, so while you won’t exactly get rich from it, it’s unlikely that you will lose a lot of money with it… and while the value might drop, it’s overall worth goes up when the dollar goes down. Read up about gold investing on this website: