What do you think of buying gold as an investment?
Full Windsor asked:
And I don’t mean buying bars in a bank, they’re kind of expensive there. Does it make sense to buy a gold bar on ebay. And keep it. What’s you opinion on future of US dollar and stock market anyway? Then just sell it to a dealer when you need cash?
Well, I don’t intend to keep it for years. Just for several months and then sell it and buy a home.
What’s the point of a money market fund? Saving accounts pay just as much.
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And I don’t mean buying bars in a bank, they’re kind of expensive there. Does it make sense to buy a gold bar on ebay. And keep it. What’s you opinion on future of US dollar and stock market anyway? Then just sell it to a dealer when you need cash?
Well, I don’t intend to keep it for years. Just for several months and then sell it and buy a home.
What’s the point of a money market fund? Saving accounts pay just as much.
January 21st, 2009 at 11:13 am
Terrible idea. Historically, the stock market has FAR outpaced gold.
Also, gold has been at a high for the last couple of years, so now is not the time to buy it (if there ever was).
Buy quality mutual funds or ETFs. Invest regularly and over time your money will grow.
NO NO NO. CERTAINLY NOT as a short-term investment. Put is in a money market fund.
January 24th, 2009 at 1:15 pm
in the short term this is not a good idea. there is so much de leveraging and manipulation in the metals that it is very hard to determine short term trends. over the longer term the metals offer a great inflation hedge and everyone knows that the fed is printing money like mad so you figure it out.
January 27th, 2009 at 5:45 am
Short term it’s not the best bet, but the prices of gold have fallen pretty far this year from all time highs of $950 earlier in the year. Historically, gold pretty much performs on average with the stock market.
If you wanted short term investment in gold, with the gold being to sell it quickly when the price rises, check out this website:
January 28th, 2009 at 6:13 pm
Gold really glitters when inflation runs rampant.
Bank accounts are relatively safe, but your dollars may lose value due to inflation faster than they grow with interest.
Investing in stocks for the short term is a gamble. It the stock market crashes the day before you need your money to buy the house, you are screwed.
Gold prices go up and down, but unlike stocks, (and possibly the dollar) gold will never be worthless.
In the long run I thing gold prices will rise substantially, since our government seems bent on inflationary policies. However,over a short period of time the value of the gold you buy may be more or less than you paid.
Grandpa