Gold Buying Guide

6 Responses to “How come people are buying gold as investments?”

1. TEH TYME KITTEH ۩pantheist۩ Says:
   June 1st, 2010 at 6:58 pm

   Its more stable than a dollar or a euro, no you cant eat it, you cant eat a dollar either, but you can buy stuff at a better price with it TEH TYME KITTEH ۩pantheist۩

2. Jake Says:
   June 2nd, 2010 at 12:26 pm

   It is a much more stable asset than money. The value of gold has risen steadily over several decades, with the trend expecting to continue in the future. Plus, the dollar is not backed by anything (thanks a lot Richard Nixon). Jake

3. pzifisssh Says:
   June 4th, 2010 at 5:16 pm

   Yeah, my Mom said that too, “You can’t eat it.” Guess what Mom, you can’t eat mutual funds either.

   Gold is not an investment. It’s value will never go up. It’s value will never go down either. People buy gold when everything else is going down the tubes.

   ____________________________
   Jake said, “The value of gold has risen steadily over several decades”

   I think you are confusing “value” with “price.” The value of gold hasn’t changed much lately. It’s not as if anybody has discovered any new use for the stuff. The price of gold has gone up, but so has the price of just about everything. It’s the value of the dollar (and other currencies too) that is going down. pzifisssh

4. Pfo Says:
   June 7th, 2010 at 1:11 pm

   Because it has never lost value. Its value has been a constant since currency came about.

   I know it’s useless, but people want it, so that gives it value. Fiat paper money always loses value, you can try investing to maintain value but that’s risky. Pfo

5. Godless Heathen Says:
   June 9th, 2010 at 5:36 am

   Because that’s what fox news is telling them to do, while being sponsored by gold distributors. Godless Heathen

6. Uri Smendrick Says:
   June 11th, 2010 at 9:12 am

   Because the US dollar only has the government to back it up, and with Obama in charge that’s nothing but a cruel joke. Uri Smendrick

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