Should I buy gold or silver for and investment?
Arlene K asked:
Should I buy gold or silver for and investment?
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Should I buy gold or silver for and investment?
At this time or in the future would Gold or Silver be a good investment against inflation? Or should I invest in Oil?
If all of those are not good options at this time, where should I invest my money to protect myself against inflation?
March 27th, 2009 at 2:04 am
I think most people would be better off learning to cook more economically than investing in gold and specially silver.
March 27th, 2009 at 7:53 am
Both! However, it’s too late to buy they are both at all time high. So conventional wisdom is you don’t buy at high then sell low due to panicking. By the time all the news media talking about a good stock it’s too late to buy, because all the hypes are already priced into the stock. Once you buy it, it will go down because large institutional buyers will cash out. That’s how the market work, big fish eats little fish. It’s all a game like poker.
Really why do people buy gold or silver, because they are panicking that paper dollar will not worth anything, gold and silver are worth something. Really? Are gold and silver as much used as steel, coper or aluminum? It’s debatable, so gold and silver are good place to park your money in the timer of uncertainty but not a long term solution.
I would recommend you go with recession proof stocks, such as Walmart, Coca Cola, Aloca, or Oil stocks.
Good luck!
March 30th, 2009 at 1:55 pm
Silver is not anywhere near an all-time high. Gold, however is at its highest level ever.
If I were to invest in gold or silver, it would be silver. I would buy into silver ETF (SLV).
However, I personally I am very hesitant to make this move. I don’t know how much top side room is left.
April 1st, 2009 at 10:17 am
What Spyder said exactly its way too high and it has been in the media for a while now so its way too late…just like buying some Solar First shares etc…..right now all I got that I hope can bounce back soon is Zumiez…
April 3rd, 2009 at 5:59 am
Stay in cash - even at zero percent interest.
The market’s going to tank Monday and, when the Federal Reserve announces support measures Tuesday it’ll rise Tuesday. But this’ll be short-lived. The underlying problem is that there’s too much debt and too much of it is underpinned by real estate which is falling in value.
So, don’t buy Monday. Sell Tuesday….early. And wait.