Gold as Investment

[katharina]

What do you think about gold as an investment? I know a lot of people are doing it... wonder if it's to protect their assets or as an investment opportunity?

 

[alaine]

I've always thought gold and silver was a great idea. It's fairly stable. Actually, if it's down right now it would be a good idea to invest. Last time I thought about doing it, a year later it skyrocketed to being worthy triple what it was when I had the initial thought. Unfortunately, I didn't invest

 

[Taggart]

What do you think about gold as an investment? I know a lot of people are doing it... wonder if it's to protect their assets or as an investment opportunity?

I think when you buy gold, it's for the stability and speculation of the rise in its price. I think having a portion of your portfolio in gold is a good protection strategy.

Historically there are plenty of examples of gold performing well.

 

[katharina]

I've always thought gold and silver was a great idea. It's fairly stable. Actually, if it's down right now it would be a good idea to invest. Last time I thought about doing it, a year later it skyrocketed to being worthy triple what it was when I had the initial thought. Unfortunately, I didn't invest

It's not down right now, it's over $900. Unfortunately we panicked and sold after the scare of 911 and it was a really stupid mistake. It was about $315 then.

 

[katharina]

I think when you buy gold, it's for the stability and speculation of the rise in its price. I think having a portion of your portfolio in gold is a good protection strategy.

Historically there are plenty of examples of gold performing well.

Yes, it seems safe enough. I agree about the portfolio and I suppose it's a good idea even though it's now three times more expensive than when we sold. Some mistakes haunt ya forever I guess.

 

[unique1]

With the economy as it is right now, the people that are doing it are most likely protecting their assets. In my opinion, it's a good idea to do if you can afford the time and money involved with "investing" in it. I mean, either way you look at it, it's an investment.

 

[katharina]

With the economy as it is right now, the people that are doing it are most likely protecting their assets. In my opinion, it's a good idea to do if you can afford the time and money involved with "investing" in it. I mean, either way you look at it, it's an investment.

That's the way I look at it, yes. If the economy crashes even worse, gold should hold its value. If it *doesn't* I'm afraid there are going to be much worse things to worry about.

I think a lot of people are losing trust in banks and that's really scary.

 

[woodpecker]

Right now, gold is extremely expensive. Moreover, I feel that the quality of gold is no good these days. I got a bangle a few months back, and it is already bent. Perhaps purchasing gold when it is cheap is a great idea, provided you want to sell it when the price goes up. Personally, I prefer real estate to gold as investment.

 

[alaine]

Unfortunately, real estate isn't doing so great right now. Gold tends to go up in price when people are feeling insecure about the economy. It may not be the best time.

 

[katharina]

Right now, gold is extremely expensive. Moreover, I feel that the quality of gold is no good these days. I got a bangle a few months back, and it is already bent. Perhaps purchasing gold when it is cheap is a great idea, provided you want to sell it when the price goes up. Personally, I prefer real estate to gold as investment.

Sorry to hear about the bangle, woodpecker. I was talking about gold buillon and coins for investment, though. There are various degrees of purity and it's bought in bars certified by a refiner.