Is gold/silver good for long/short term investment?

Question

is the price (gold/silver) is currently high or low ? when is the best time to buy them?

Answer 1

Both gold and silver are good investments right now. I would say that gold is better for short because it is around $650/oz and the experts predict it to reach $800 by the end of this year. I would buy 1 oz bars, 1 oz Eagles or Buffalos. Silver is a great investment right now around $12/oz. It is expected to hit $15 by end of year and $30 by end of next year. I would recommend silver bullion bars in 100oz, 10oz, or 1oz bars and rounds for long term. Also, if you are a knowledgeable coin collector, Morgan dollars, Peace dollars and Franklin halves are good to have. The time to buy silver is now and as far as gold, I would wait to see if it makes a drop below $600 soon, maybe this month, but as long as it is below $650 like now it remains a good buy even for today. Good luck and happy investing.

Answer 2

The price is currently very high. But some say that it could get much higher. Technically speaking they should rise. Gold may now start to be used by nanotechnology firms due to some of its properties. That should icnrease the demand on gold.

Silver is currently running out. We are consuming more silver than we are producing (supply/demand!).

Also remember Gold & Silver rise during crises, war, inflationary periods or periods where the US$ is losing its value due to large overspending and massive deficits.


Gold & Silver are hard assets that will maintain their value or rise as the US$ continues to fall.

Would I buy right now? Maybe. Enough disasters, wars, deficits and economic things are on the plate that buying some gold and/or silver as a wealth protection strategy might be a good idea. But also remember, you want to buy things when they are cheap, not expensive. As the stock prices continue to go down you may begin to find more bargains as some of those are excellent companies that are doing just fine.

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Answer 3

gold is, and has been, the best investment there is. if you should decide to put your cash in gold, do so in gold coins, bullion, solids. jewelry gold is nice but it isn't pure. it is the pure gold that will bring the greatest return. it will not be too many more years until having gold will be an extremely wise thing to have. it does, after all, back the currency. silver is getting more costly, also. it isn't as good an investment, but it isn't bad, either. again, pure silver. coins at .999% is as pure as it comes. jewelry silver isn't pure. bars, bullion, coins. find a reputable jeweler and get some real advice, especially is you have been offered anything for what you have. it may be a good idea to get a couple or more opinions. i am fortunate that i know a couple of jewelers and they are more honest than anyone else i know, regardless of occupation.

Answer 4

Long term. Especially in a crisis that we're in. It's a great hedge.

Gold has broken upper resistence, and looks as if it's heading higher. It's high right now. Commods are king right now. I'm in Energy up to my eyeballs.

Medals are good only if the demand is there. The great thing about gold is, it has value just looking at it. If any currency fails, and you have gold instead of the currency, you won't shed a tear.

I'd recommend you doing your own due dilligence, though.

Answer 5

gold and silver is every time good for investment. actually market is very fluctuating so we can not predict the actual rate but you can purchase gold at this price.

Answer 6

Gold.. for long term

Answer 7

It's highish right now...and if oil keep climbing and the USA debt stays high, well, a few bars would increase in value quite nicely

Answer 8

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