I currently have some cash to invest in and im interested in gold and platnium. I have around $10,000 to invest so i was wondering which one seems to have the better future to make me money gold or platnium?
2007-05-06 15:25:27 · 10 answers · asked by hwansoloid 2 in Business & Finance ➔ Investing
Neither. Both are commodities that have no earnings.
They are not investments.
To make money holding a metal you have to get lucky and trade well. To make money in an S&P Index fund all you have to do is invest a little every month within a Roth IRA.
2007-05-06 15:38:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes it is. Especially while you can get it under $1K. A gold ETF is the easiest way to invest. Forget all these fast money predictions. Unless you really know what you're doing it may be best to buy a proportion of gold as part of a diversified portfolio as a long-term investment then you don't have to worry about short-term price fluctuations between $800-$1000. When you filter out volatility, that's just price consolidation before the commodity move up higher. On a quarterly chart gold has been on a long-term trend since mid 2001. Some people say gold goes up during a recession, others say it goes up to hedge against inflation. So it can go up either way. I have no idea what the feds decision will do to gold prices. I assume it will make financial stocks go higher.
2016-05-17 06:58:42 · answer #2 · answered by ? 3 · 0⤊ 0⤋
If you know what u are doing invest in gold....... It changes a lot now ..... it goes up and down within $10 and jumpes to 20 or 30 its really good i make lots of money playing with gold.
2007-05-06 15:35:45 · answer #3 · answered by Z-Man 2 · 0⤊ 0⤋
Metals don't generate new wealth like a company does, and therefore their value doesn't gain much, except during times of shortages or falling stock and real estate markets. Gold's value is in some industrial uses; platinum is rare but cannot build a nation. Wealth is now measured in computer bits, not metals.
If I were to invest in metals, given the rise of China, I would invest in copper producing firms instead.
However you go about it, best of luck to you. May you prosper greatly. And remember old Boomer Wisdom in his old age...
2007-05-06 15:41:48 · answer #4 · answered by Boomer Wisdom 7 · 0⤊ 0⤋
Gold
2007-05-06 15:33:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I wouldn't recommend either right now. I invested in gold 3 years ago, and have made a lot of money, but it's almost time to sell and take my profits. Platinum follows similar cycles.
2007-05-06 15:52:04 · answer #6 · answered by jdkilp 7 · 0⤊ 0⤋
Gold is expensive and price is very volatile. Think about silver - you can buy around 650 oz.
2007-05-06 15:48:11 · answer #7 · answered by E u g e 1 · 0⤊ 0⤋
Try uranium there is a big supply and demand gap for it right now.
2007-05-06 16:18:52 · answer #8 · answered by Anonymous · 0⤊ 0⤋
if you confuse where to invest, my suggestion is to invest your money in education first.
2007-05-06 16:48:20 · answer #9 · answered by Anonymous · 0⤊ 0⤋
platnium
2007-05-06 15:33:46 · answer #10 · answered by billc4u 7 · 0⤊ 0⤋