is gold worth buying?
Sean S asked:
is gold worth investing in. at 880 per ounce all you need is 80 bucks on top of your 800.00 dolllar handout and you have an ounce of gold. is this an easy smart investment?
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is gold worth investing in. at 880 per ounce all you need is 80 bucks on top of your 800.00 dolllar handout and you have an ounce of gold. is this an easy smart investment?
September 24th, 2009 at 10:52 pm
No. Go down to Mexico, gold is mucho cheaper down there. 24k rope necklaces are like $15, you can turn around and sell them up here in the states for a profit of like $50 djfooroach
September 26th, 2009 at 7:44 pm
Seems to me gold is at an all time high right now… and it may go higher… but its more likely it will either level out or go lower… I’d have to say there are better things to invest in right now… Doogie
September 29th, 2009 at 12:52 pm
I would not invest now. It cannot go up forever. Better to have boguht it a few years ago at $400. Now would be too high a price in my opinion.
If you are looking to get good bargains at low prices, I would recommend buying stocks in large US Banks or large homebuilders. The stock prices are dirt cheap now…. they could even go lower, but inevitably they will rise agin. Epsecially if you are looking to buy and hold for a few years. anon
October 1st, 2009 at 2:38 pm
Personally I dont Think so, when inflation was big risk Gold jumped but when Deflation at the door, I prefer to hold somthing that pay Interest.
So I expect when panic will over gold will drop to 700 or even 660 (dont you forget it was 280 5 years ago). Avi S
October 3rd, 2009 at 9:26 pm
Gold keeps going up. Of course it’s worth buying. Just remember to use proper money management. Don’t put every penny you have into 1 stock.
There is a fortune to be made in the markets. Especially now.
You can learn a lot by visiting this website. It will give you good tips. Shaun R
October 4th, 2009 at 11:30 pm
No gold is worth buying but not the best good investment when compared to some others. Silver ingots are a much superior choice for the long-term to own. stock_sniffer
October 8th, 2009 at 12:44 am
I see from above that is 4 Nos and 1 Yes. I’m a contrarian investor so I would say Yes just based on that. As a contrarian, the public is usually wrong and I would say the public is on Yahoo Answers.
I’m a gold investor and bought a couple coins yesterday. The Fed is going to keep lowering rates because that is all they can do. Lowered Rates = Lower US Dollar = Higher Gold. This coorelation has been this way since the beginning of time. I am even more bullish on gold now that I see there is still negative sentiment on gold. Dr Jim
October 9th, 2009 at 12:46 pm
i’m with Dr Jim. i’m fully 10% in gold AND silver, and continue to convert 10% of my income into them at market. i’m not too concerned about the current price of gold or it crashing.
gold will maintain and gain value as long as the Fed and the US Govt continue to mismanage the value of the Dollar.
add to that that China is now the largest gold producer in the world, and will need to satisfy ever greater domestic demand paid for with increasingly valuable RMB Yuan, and you have a recipe for gold going through the roof in US Dollar terms… farfel