Anyone know the in's and out's/pro's and con's of this, I have heard it is a fairly safe form of investment.
2007-06-12 11:49:21 · 9 answers · asked by thebigkahuna 4 in Business & Finance ➔ Investing
Gold has never been a good long term investment. It does not beat the stock market or inflation. I do believe it is a good short term investment because it has been beaten down over the past year.
P.S. Diamonds are not a good investment. Diamonds can be man made now and the quality will most like improve soon.
2007-06-12 13:21:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Don't invest in the physical gold silly. Invest in the futures contract. The reason being Gold is not a LONG TERM investment.
You want to make large profits from small moves, the best way to do this is using the leverage that futures contracts provide.
2007-06-13 10:51:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No.
Do some research on the performance of Gold as an investment over the last 10 years to find out for youself why it's not a good idea.
You MUST get used to the idea of 'looking before you leap' ... or you will soon be parted from your money (just like any other fool)
2007-06-12 21:04:23 · answer #3 · answered by Steve B 7 · 1⤊ 0⤋
A poor, expensive thanks to make investments in gold. in case you should make investments in gold; A. do not make investments better than 3% of your portfolio in a metallic. B. Use the ETF' "GLD" (less expensive in commissions without storage or delivery expenses). C. If that's your in ordinary words "funding".... then you're making a thoroughly poor decision.
2016-11-23 15:25:37 · answer #4 · answered by ? 4 · 0⤊ 0⤋
yeah, about 10% of you investment money. Never know when the dollar is going to become worthless
2007-06-14 20:57:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
No chance - the price of gold and precious metals have gone down. Diamonds/precious stones are the business.
2007-06-12 11:52:49 · answer #6 · answered by Ylang-Ylang 6 · 0⤊ 3⤋
I was going to answer your question, but then your OBSCENE misuse of apostrophes angered me.
They're not used in plural nouns. Don't invest in gold, invest in a grammar book.
2007-06-12 11:53:41 · answer #7 · answered by Anonymous · 2⤊ 4⤋
It's a great idea. Buy low, sell high. Bye bye.
2007-06-12 11:58:09 · answer #8 · answered by Anonymous · 1⤊ 3⤋
lend me a fiver mate,,,
2007-06-12 11:53:21 · answer #9 · answered by Anonymous · 0⤊ 2⤋