2006-06-29 10:00:28 · 14 answers · asked by mbailey959 1 in Business & Finance ➔ Investing
I have always been told to buy at a low price and then SELL when it is high...... I'd be reluctant to buy anything when it is at its high point........
but some people still think it is a good investment...... but it sure has a long way to go down
2006-06-29 10:10:47 · answer #1 · answered by mallard guy 3 · 1⤊ 0⤋
Gold has a terrible track record as an investment. In the last hundred years (which included 2 world wars and multiple depressions), gold did much worse than bonds, stocks, real-estate.
People tend to get emotional when talking about gold. Many irrational arguments can be heard (the dollar will collapse etc...). Gold-fever! The current mania could push prices higher in the short term, but eventually, gold will go back to its historical trend which is: underperform just about all other forms of investment.
2006-06-30 18:01:06 · answer #2 · answered by Flush 2 · 0⤊ 0⤋
Commodity prices are high in general right now. It is not mere speculation. Demand is rising worldwide. think of how many more people buy Gold for jewelry. There are more people. There are more people that can afford it. The amount of gold being added in supply is very small compared to the total gold out there.
Also world uncertainty is very high. Gold is looked to as a safe-haven from volatile currencies and during times of inflation.
It should hit $800. It may take 2 yrs to do so, but I suspect it will get there.
**I own both Gold and Silver right now (gold coins, GDX, and SLV etf's that you can purchase)
2006-06-29 10:07:16 · answer #3 · answered by Dax 3 · 0⤊ 0⤋
Gold isn't at it's highest.... three or so weeks ago it was above $700....however, yeah.. I'd buy gold right now because it's around $580 and it's going to go back up.. so I'd invest in it... but silver.... no... 35-40 years ago.. silver was 3-5 times where it is now... and it will never see those levels again in our lifetime... so, I'd stay away from silver
2006-06-29 10:05:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
For some top forecasts on gold’s direction, visit the site below:
I like the real GOLD nuggets.
As most gold is mined as very fine dust and tiny nuggets, the larger (over 1oz) nuggets are very rare! Actually they are as rare as large diamonds!
I would suggest you look into large nuggets!
To see the 'live' spot NY gold price and some museum size gold nuggets I suggest you visit a great site I found a few months ago. I purchase a few nuggets from them just about a month ago, and not only are they beautiful to look at but in just the last few weeks they have really moved up in value!
I'm actually saving to purchase others!
The site is:
http://www.california-gold-rush-miner.us
http://www.california-gold-rush-miner.us/australia-gold-nuggets.htm
http://www.california-gold-rush-miner.us/crystalline-gold-miner.htm
http://california-gold-nuggets-miner.blogspot.com
2006-07-02 03:49:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
right now you should buy silver. the metals market moves in a cyclical motion gold is on top now and silver is relatively cheap so buy up silver and you can earn 2 to 5 hundred % in 5 to 10 years.
2006-06-29 11:07:38 · answer #6 · answered by osu_otter 2 · 0⤊ 0⤋
From what I hear, the answer is no. The values on precious metals fluctuate too much to make them good investments.
2006-06-29 10:05:01 · answer #7 · answered by Nosy Parker 6 · 0⤊ 0⤋
Highly unlikely. Speculators are buying gold in hopes it is going up. When they run out of money, gold price will drop spectacularly...
2006-06-29 13:35:49 · answer #8 · answered by NC 7 · 0⤊ 0⤋
I think that the gold prices will continue to rise.
2006-06-29 10:03:38 · answer #9 · answered by Michael Goodfellow 5 · 0⤊ 0⤋
Buy low, sell high. Historically speaking, now would be the time to sell off your metals holdings. Unless you know of impending shortages...
2006-06-29 10:03:39 · answer #10 · answered by Thomas F 3 · 0⤊ 0⤋