Investing in Gold

[imabossrickross]

watch new jack city and get some investment ideas from there aha

 

[07Runescape]

Gold is always a great idea to invest in.

 

[Jake]

Gold is always a great idea to invest in.

no... lol


gold was $1800 in october and now its less than $1600

It depends on the time and market.

 

[Anet390]

If you are looking short term, gold isn't the way to go. The main reason gold is a terrible short term investment is because unlike oil, nothing can directly alter the price of gold by 10%+ in a short time period. My personal opinion is to invest a portion of your savings (even if it is only a few grams of gold) and get some gold bullion/rounds.. Keep them in a safe place or even in a safety depositing box. Wait 20-30 years and you should make a decent return on your investment, considering that you didnt really do anything.. But, before investing, remember that in order for this to be a success, you must not only make money in the end, you want to get a higher return than your local bank pays in interest. You want to make sure you got a higher percentage of return than you would have had if you just left all your money in the bank to collect interest.

Helpful hints:
1. Save your receipt from where you purchase the gold from (they normally write the spot price on it)
2. Make sure you keep the receipt/a paper with the price you bought the gold at WITH your gold
3. Dont forget about silver.. I personally recommend 50% silver 50% gold investment. Both should rise, but if one has a huge rise, you won't miss out.
4. Keep your gold safe!!! (I like to check mine and make sure it is all there once every few months)
5. Don't tell your friends! (only trustworthy ones.. Even then, be careful) [you never know]
6. Don't settle for a loss when it comes to precious metals... Hold it your whole life, let your kids have it... Dont sell until money is made.. It will always be shiny and cool at the least.

Best of luck,
Andrew (Anet390)

 

[Chaseolio]

I'd recommend silver, seeing as it's only around $30/ounce.
All it can do is rise.

EDIT: Bad advice. It's at 19/ounce now. Sorry to anyone who was a derp and buyed it.

 

[Anet390]

I'd recommend silver, seeing as it's only around $30/ounce.
All it can do is rise.

well, it can fall.

LOL.. I see what you are saying though. But always remember, when investing, a "guarenteed gain/rise" can become a bad idea very quickly.

 

[Chaseolio]

well, it can fall.

LOL.. I see what you are saying though. But always remember, when investing, a "guarenteed gain/rise" can become a bad idea very quickly.

I just can't see how it could get much lower

 

[cx_7Heaven]

I heard gold is always a positive investment, my family invests a lot in gold.

 

The last few days have been a good time to jump into a short rise in gold. The euro "crisis" is edging up gold stocks a bit.

 

[Anet390]

The last few days have been a good time to jump into a short rise in gold. The euro "crisis" is edging up gold stocks a bit.

THIS THIS THIS. Another great time to invest is after there is an oil spill.. Depending on the spill, this can cause a rise or fall in oil. But, no matter what the spill, the crisis normally creates a small drop in percious metals making you able to stock up for cheap.

 

THIS THIS THIS. Another great time to invest is after there is an oil spill.. Depending on the spill, this can cause a rise or fall in oil. But, no matter what the spill, the crisis normally creates a small drop in percious metals making you able to stock up for cheap.

As terrible as it sounds, any disaster (natural or some sort of war) is a great time to invest. You can bet that a lot of smart people will make a ton of money with an Iranian- Israeli war.

 

[Anet390]

As terrible as it sounds, any disaster (natural or some sort of war) is a great time to invest. You can bet that a lot of smart people will make a ton of money with an Iranian- Israeli war.

Although make sure to avoid investing in any Iranian or Israeli companies should this happen... But since we are talking about gold, I think we are ok.

 

[Mister Fox V2]

Here's the best investing advice I can give:

1. Gold is a no-no, about the time when people think something is a GOOD investment, it's not, it's all a bloody sham.
2. Go to school and get an education. And find a decent, well-paying job.

 

[Pockets]

Where did all the silver and gold bugs go these past two weeks?

 

[Fendle]

Gold had a bit of a drop this week didn't it.

 

[purem5]

Of crouse gold price will raise tremendously, the dollar bill will not be worth the same in years to come. My dad is doing the same thing you are doing. He now has 2 6 foot safes full of gold bars, gold coins and so forth.

 

[HotColdRush]

This is just another bubble waiting to pop. Gold will not increase 500% to $8000 per ounce.

If you expect it to increase to $8000 (500%) like it has in the past decade, well you will spend more than $12600 as you would be buying it over a 5 year period.

It will, and has to, crash. Gold is useless really and is nothing compared to silver. Silver is in demand and is used in a lot of things. Just like the Real Estate bubble that popped around the world.

Warren Buffet has said that he would never invest in gold, and his company once bought out majority of the silver. I believe he purchased 100M ounces of it, he was forced to let go of it. He was that sure of Silver. Google the things Silver can be used for. You might want to invest in that

Gold is heavily used in electronics, and it's one of the most versatile metals... It's always going to be used.

As far as the investing goes , I'd wait for it to crash and then buy

 

[chillinggg]

Currently inflation is very low so that's not the right time to invest in gold. inflation-indexed US savings bonds on the other hand will insure you against deflation or falling prices.

 

[candarin]

Don't gravedig.

 

[Chaseolio]

Don't gravedig.

It's not gravedigging if it's in this forum as there is very, very little activity and this was probably on the first page when he posted. Tard.