2006-10-14 00:55:36 · 10 answers · asked by tom science 4 in Science & Mathematics ➔ Earth Sciences & Geology
GO GOLD.
2006-10-14 00:56:19 · answer #1 · answered by bor_rabnud 6 · 0⤊ 0⤋
It all depends on where you have the cash! Gold is a good investment such as shares, but if you collect gold i.e. rings, ornaments, jewels. then the market is quite volatile! you have to read it well! Cash can be classed both as an asset and a liability. Invest it wisely! it becomes an asset! stick it in a tin box under your bed, like a hoarder, and it becomes a liability due to inflationary pressures. Long term investments? pretty safe, but boring! Property? very good profit maker, more than a bank pays in interest! Try it! Hope this helps.
2006-10-14 08:16:54 · answer #2 · answered by wheeliebin 6 · 0⤊ 0⤋
The general rule of thumb is supply and demand. On the supply side, there has to be a limited number of the thing(s), so that the demand exceeds the supply. On the demand side, there has to be people who want to get their hands on it.
There is a finite supply of land and there are always more people who want some. There is a finite supply of Rembrandt oil paintings, and people pay a lot for these too. When looking at what you want to invest in, think about the demand not only now, but in the future. There are an awful lot of people who sunk a ton of money into beanie babies and cabbage patch dolls who are now regretting their decision.
In your example, gold is technically a finite supply, but our ability to mine it has made it far less valuable than it was to our ancestors. Gold can be reclaimed from ores made up of as little as 1% gold. For chemistry and mechanical purposes, we have found a number of substitutes for gold that work equally well. This further drops the demand for gold amongst those who would otherwise push up the price.
Cash may be technically infinite (they can always print more) in supply, but in reality governments operating under normal monetary regulations will limit the supply of cash artificially. As the demand exceeds the supply, you can put the cash into an investment vehicle such as a savings account, and it will earn interest for you. How fast it grows depends on how much risk you wish to take that you might lose your entire capital stake.
2006-10-14 08:16:40 · answer #3 · answered by lizzit 3 · 0⤊ 0⤋
Gold because cash is subject to market fluctuation. Gold is a commodity that has the chance to appreciate and cash will lose value over time due to inflation.
2006-10-14 08:05:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Gold because currency changes but gold has and always will be a precious commodity.
2006-10-14 09:53:42 · answer #5 · answered by Kelli M 2 · 0⤊ 0⤋
It depends on your location where do you live, if it is easy to sell gold it is better to save than money, but what is better is the real estate.
2006-10-14 07:58:21 · answer #6 · answered by junaidi71 6 · 0⤊ 0⤋
If you are in the U.S., GOLD, because U.S. currency is not backed up by anything other than the word of the U.S. Govt. that it is good.
2006-10-14 07:57:24 · answer #7 · answered by WC 7 · 0⤊ 0⤋
gold as it cannot be devalued by politicians
2006-10-14 07:57:52 · answer #8 · answered by auhunter04 4 · 0⤊ 0⤋
short term, keep an eye on it :):):)
2006-10-14 07:57:14 · answer #9 · answered by Spongebob 4 · 0⤊ 0⤋
property
2006-10-14 07:56:29 · answer #10 · answered by Dr Dee 7 · 0⤊ 0⤋