Hello,
I would like to buy gold using margin(2%)...and i wonder about your professional opinion :).Do you think silver and gold are good investments right now?
Thanks alot!
2006-12-31 21:54:32 · 7 answers · asked by Bobi G 1 in Business & Finance ➔ Investing
It depends where you live. In US you should worry about Uncle Sam not allowing there currency to degenerate with high gold price. High gold price means high inflation means lowering of purchasing power for Americans which is not what is expected by the high and mighty at the Capitol Hill. So be careful about gold investments. In the short run it might go high and you can try your hand at Gold Options probably at COMEX, CA.
2007-01-02 05:00:16 · answer #1 · answered by Mathew C 5 · 0⤊ 0⤋
Only if your are speculating on the price fluctuations of gold and silver. If you are looking at them as long term investments, then no. If you're doing it on margin, you need to be monitoring the markets constantly.
If you buy gold/silver futures, you're buying on margin, but those type of investments the profit is based on the price fluctuations of the assets. I would not recommend futures unless you are very well versed in them and you have the risk tolerance levels and funds to back your trading.
I would recommend you just buy the physical metals or the ETF's. Look for gold to break it's all time nominal highs of $850/oz. soon and to break $1000/oz. Look for gold to top out around the $2500/oz. area.
2007-01-01 08:03:38 · answer #2 · answered by 4XTrader 5 · 1⤊ 0⤋
sure, Gold and Silver are a hedge against inflation. such as you stated all this money being revealed is devaluing our greenback. Gold has hit $one thousand back on the instant. all and sundry is in seek of for a secure place to place their money because of the fact the inventory marketplace is falling additionally. useful Metals sounds like a secure place for the close to term.
2016-11-25 19:50:16 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Gold is very volatile: its price fluctuates a LOT. I would not buy gold on margin.
Silver is similar to gold.
2007-01-01 01:18:36 · answer #4 · answered by Richard E 4 · 0⤊ 0⤋
Never use margin. It's too dangerous.
2007-01-01 06:00:59 · answer #5 · answered by Pure_Alpha 2 · 0⤊ 0⤋
Better put your money on horses. They are more predictable and it will last longer.
2007-01-01 03:32:12 · answer #6 · answered by Anonymous · 1⤊ 1⤋
Yes, if it goes up.
2006-12-31 21:56:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋