just balancing portfolio was curious and if up or down why thanks
2007-06-25 14:03:44 · 8 answers · asked by thumbofgod 1 in Business & Finance ➔ Investing
When the US dollar again follows it's downtrend, gold will explode to the upside.
2007-06-25 15:23:58 · answer #1 · answered by bob shark 7 · 0⤊ 0⤋
Gold is one of the absolute worst investments on the market. It has averaged 4% returns since the end of the Civil War. The rate of inflation is 3-5%. If you're lucky, you'll just break even.
Gold was over $800 an ounce in the 1980's. In today's money, that would be well over $1000/oz. How much does it sell for today? It's at an 18 year high because it tanked 18 years ago. It went from $800 to $2-300 overnight.
The only way to make money on it is to buy and sell often and not get caught when it crashes again (which it will and always has). You've got to stay on top of it and get ready to bail the second it hiccups. Long term, it's always a loser. Absolutely no different than going to Vegas; it's not investing, it's gambling.
EDIT: Bear's video demonstrates exactly what I was saying. You've got to watch it minute by minute just to get a couple of percentage return. If you want a place to park money and let it grow, gold isn't it.
2007-06-25 14:29:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think it will do well when the Stock Market gets the big correction that is sure to come soon. I would pick up some "GLD" the Gold Share ETF on the NYSE.
Gold is one way to position yourself for a major downturn in the Market, it is so over due!
2007-06-25 16:03:50 · answer #3 · answered by Bill B 1 · 0⤊ 0⤋
Gold basically got here out of a 20 3 hundred and sixty 5 days secular undergo industry. whilst gold fees bottomed in 2001, it became a sluggish upward push. In February of this 3 hundred and sixty 5 days, gold became into sitting at approximately $550/oz.. It then took of and reached over $730/oz.. the present run up became into way too speedy and gold fees necessary to maximum suitable (which it did and fell decrease back to the $550/oz.. selection). Gold fees have began to head decrease back up and are at the instant procuring and promoting around $650/oz.. i think we've entered section II of the gold bull and this section could desire to push gold above $800/oz.. whilst which will ensue, basically God is conscious. in line with inflation-adjusted fees, shall we very nicely see gold hit $one thousand and ounce with $2000-$2500/oz.. gold very plausible. we've basically started this secular bull in gold. save watching it, i understand you would be surprised at how extreme the fee gets.
2017-01-01 05:24:44 · answer #4 · answered by ? 3 · 0⤊ 0⤋
That depends. A booming economy will mean high demand for gold for industrial and cosmetic purposes (jewelry). An economic bust or great political instability would mean high demand for gold for its archaic monetary substitution purposes. Hmm, naw, leave it alone for now, but if either of those directions become clear and momentous, then grab it with both hands.
2007-06-25 15:33:52 · answer #5 · answered by Rabbit 7 · 0⤊ 0⤋
I been wondering the same thing myself.
I came across this gold article:
scroll down to find...
"Gold , Billionaires and Market Secrets"
2007-06-25 14:32:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I certainly hope so! I have gold. Its performance is awful.
2007-06-25 14:59:41 · answer #7 · answered by yahweh550 4 · 0⤊ 0⤋
ohh totally girlfriend!
2007-06-25 14:07:18 · answer #8 · answered by eringerran 2 · 0⤊ 0⤋