I've been told GOLD should reach near $1,000oz. anytime...is this too far away......or should I try something that i can get more of like SILVER?
2006-08-14 05:07:18 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
I have money in both, but I believe that silver has far more upside as it is still quite ridiculously cheap.
Gold will likely go up at least 50%, but the probability of silver still doubling is extremely high.
Another point - don't try to read the little squiggles on the spot graphs. There are people who have been working in the markets for decades that have far more experience in these areas than you or I ever will. Many of them find it hard to read the market, so you and I are in a tough spot that way.
If you want some, then buy it. If you are worried about the price going down, then buy 10% of what you want to but each month for 10 months, or some other sort of arrangement.
2006-08-14 08:21:43 · answer #1 · answered by brunt 4 · 1⤊ 0⤋
Gold is the only investment you can own which is an insurance policy against inflation or deflation. I believe any serious investor should have at least 10% of their portfolio in gold (physical gold). As far as timing, that is very tough. If you don't already gold, I highly recommend you purchase some. Silver is generally more volatile than gold and is considered by many to be an "industrial metal". I own both physical gold and silver as well as gold and silver stocks. It is not a good idea to overweight drastically in the precious metals just as it is not a good idea to overweight in any other asset class. Just don't look at this as a way to "get rich quick" because that just doesn't happen. Gold is real wealth, it represents lasting value and in dollar terms is destined to go much higher. It will maintain purchasing power as the dollar has continually lost purchasing power since the 1913 creation of the engine of inflation commonly known as the Federal Reserve.
2006-08-14 21:11:33 · answer #2 · answered by perdidobums 5 · 1⤊ 0⤋
In my opinion I would go for silver as I have felt that it has been depressed for far too long and that the tie between gold and silver will be cut and I feel that silver could jump to around $150-170 per oz. I have my own reasons for thinking this but if you go ahead and purchase bullion you would be wise to have it stored in a "rent free" situation as dealers usually charge too much and that er rodes your profit.
2006-08-14 14:29:14 · answer #3 · answered by mandbturner3699 5 · 1⤊ 0⤋
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
Their museum nuggets are at:
http://www.california-gold-rush-miner.us/australia-gold-nuggets.htm
The most expensive gold is called Crystalline gold. Some great photos of it can be viewed at:
http://www.california-gold-rush-miner.us/crystalline-gold-miner.htm
http://california-gold-nuggets-miner.blogspot.com
http://www.brokerforyou.com/brokerforyou/
2006-08-16 03:14:56 · answer #4 · answered by Anonymous · 1⤊ 0⤋
wait and spend it on me
2006-08-14 13:06:41 · answer #5 · answered by Anonymous · 0⤊ 1⤋