I have been looking at some cool gold coins, and I have always wanted to collect them like Scrooge Mc Duck and go diving into them some day...is it worth it to start collecting these days or will the value go down
2007-03-29 18:11:25 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
Gold is generally used to preserve wealth rather than lose it. Almost everyone in the world lists gold as a metal of high value. It's much more valuable than paper money when things go wrong like it has in Latin America.
2007-03-29 19:29:32 · answer #1 · answered by gregory_dittman 7 · 1⤊ 0⤋
Small investments in Gold could have small yields yet large losses. the fee of Gold is intense yet some thing has an outstanding chance of collapsing at the same time as it peaks. Plus there is little that Gold is used for. gas and electric powered, organic gas are efficient investments yet except your procuring large stocks, may no longer be properly worth it for you. I have heard from funding brokers, "do not make investments what you won't be able to have the funds for to lose".
2016-12-03 00:27:33 · answer #2 · answered by aoay 4 · 0⤊ 0⤋
I think by next year the purchasing power of the dollar will go down a bit and gold will go up but I wouldnt buy gold coins. The easiest way to buy them is through an exchange traded fund-- ETF. I like GLD as it follows the actual spot price pretty much and bought a little a while back to diversify somewhat. You can trade this at the click of a mouse rather than have the physical coins that you have to sell physically. If you really want one coin buy a gold eagle at the US mint online.
2007-04-01 07:59:35 · answer #3 · answered by Dean * 4 · 0⤊ 0⤋
its not the coins that are going up in value its the gold, it has risen 34% since last year, if you bought 100 dollars in gold last year it would be worth 134 right now, this investment is a rare spike some analyst say it wont last long while others disagree
2007-03-29 18:15:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Gold is not worth investing in unless you have ALOT of money to invest with (we're talking in the tens of thousands)
If you like the coins - go for it !
I live in Perth Australia and I have lots of coins from the Royal Perth Mint, I keep them as Heirlooms, but I aint ever going to retire on the profits!
Enjoy your hobby.
2007-03-29 18:16:01 · answer #5 · answered by Life's a beach 4 · 0⤊ 0⤋
I think gold hasnot become the best object to invest money on nowadays.Currency changing values affect it to a great extent
2007-03-30 00:29:01 · answer #6 · answered by ELBASH 2 · 0⤊ 0⤋
they arent making any more of it....so yes gold is a good investment...back in the 90's....when advisers were saying invest into tech companies...those who chose not to, and invest in gold would have made a sizeable profit.
2007-03-29 20:28:34 · answer #7 · answered by billjoio28 2 · 0⤊ 1⤋
check gold chart on stockcharts.com
& get a target
2007-03-29 19:16:14 · answer #8 · answered by dinu_pawar 5 · 0⤊ 0⤋