Gold seems to be edging up lately and now with the economy in a shambles in U.S. and the world, will investors put their cheap money into gold as a hedge and cause a shortage of the commodity, I know I will, seems like to good place now to protect your security.
2007-09-18 08:42:18 · 3 answers · asked by yawlcome2000 3 in Social Science ➔ Economics
I have stats on gold and it has not lost money for me my grandfather price was $15 per troy once now over 720, gold index made over 24% this year already. Gold coins gain while in shipping......
2007-09-20 09:11:25 · update #1
It may take 5-10 years, but the Fed doesn't seem to have any desire to stop the plummeting value of the US Dollar.......look for more of the same monetary policy we've had over the past decade.
2007-09-18 12:57:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Not any time soon.
And where did you get the idea that “the economy in a shambles in U.S. and the world”???
Gold is only a good place to “park” money for a few months. Gold has shown a really poor long term return of only about 4%.
The economy WILL be in a shambles if any of the democrats get to enact their tax policies. Every macroeconomic dynamic analysis will prove this.
Dynamic Analysis at Treasury: What Are the Next Steps?
by Tracy Foertsch, Ph.D. December 7, 2006 http://www.heritage.org/Research/Taxes/bg1989.cfm
2007-09-18 13:29:18 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Well, you do have to be careful of unscrupulous investors who will buy into gold and then start telling all sorts of stories about it to push the price up. They then sell and the price will settle back and lots of people will lose their shirts.
2007-09-18 08:47:36 · answer #3 · answered by A.Mercer 7 · 0⤊ 0⤋