I have some spare cash from an inheritance and was wondering if I should invest in property or maybe put this money into gold. Wondered if anyone had made investments in gold or knew anything about this investment?
2007-09-09 11:13:35 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
Buy Krugerrands for a low frills cost-efficient gold investment. [do you see the future of gold prices escalating drastically, or falling drastically?]
Gold is at around $700 per ounce currently... Will market forces dictate gold in five years to be closer to $5,000 per ounce or $50 per ounce?
[You be the judge]
Gold prices thrive during economic uncertainty...
Anyway expect to pay premium prices for any gold considered collectible pieces.
Does this help any?
2007-09-10 23:50:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I have, well, actually silver more than gold. In fact most of my money is solidified in precious metals.
If you're not sure where to start, I think American Eagles (gold or silver) should be an easy place to start.
eBay is the best place to buy, ask me any other questions. I'll leave a source link as to why silver works better than gold for me.
Investing in property, however, is not a bad idea but you should wait until foreclosure bubble explodes (soon). These two options are far away in initial capital, a house costs $100-400K, which means the downpayment is $10-50K. But gold costs $700 an ounce, you can't buy much more than $10K at a time without worrying where to store it.
2007-09-09 11:22:21 · answer #2 · answered by Smartass 4 · 0⤊ 0⤋
definite that's. particularly on a similar time as you will get it under $1K. A gold ETF is the simplest thank you to take a position. ignore all those speedy money predictions. till you fairly understand what you're doing that's ultimate to purchase a share of gold as portion of a varied portfolio as a protracted-term investment then you definately do no longer could problem approximately short-term value fluctuations between $800-$one thousand. once you filter out volatility, that's purely value consolidation before the commodity pass up larger. On a quarterly chart gold has been on a protracted-term form when you consider that mid 2001. some human beings say gold is going up for the time of a recession, others say it is going as much as hedge against inflation. So it may pass up the two way. I have not have been given any concept what the feds selection will do to gold expenditures. i assume it will make economic shares pass larger.
2016-10-10 06:45:12 · answer #3 · answered by warford 4 · 0⤊ 0⤋
Gold , like any commodity goes up and down ,
Click on the 5 and 10 yr charts to see the price movement ( those are 1 troy oz prices )
Just went over $700 again recently . . .
http://www.kitco.com/charts/livegoldnewyork.html
You can buy gold coins , like the American Eagles at coin dealers listed in the yellow pages .
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2007-09-09 11:22:01 · answer #4 · answered by kate 7 · 0⤊ 0⤋
gold is historically high priced currently - more of a chance to go down than up
2007-09-09 11:17:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋