Question: Should I start investing in Gold at this time ? HELP !?


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Answer #1:

Gold seems to be basing around $880 area, right now its looking like a crapshoot. Should it break support...
You need to be aware though that inflation/weak dollar makes it easier to pay our international debt, in which case gold should rise and I'm thinking that's Obama's plan.

Answer #2:

depends upon the nature of your investments

for eg:- if you purchase gold now for Rs1,00,000 (Rs.1350 per gram) then you will get 74 grams. Assume that you are going to sell in a year. in current trend gold price will be Rs.1500 per gram ( approximate) which will fetch you Rs.1,10,000.

The yield will be 11 % which is a good return compared to other investments .

I will suggest you buy a gold for a sizeable amount and sell after some 2 years. Afterall gold will not depriciate any way

so no risk

Answer #3:

An investment in precious metals might be the answer for you, rather than just one area of the market. It's been stated that GOLD could go as high as $1500 - $2000 an ounce. When and if gold gets anywhere near those levels, you can bet that the other metals will appreciate accordingly.

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Answer #4:

Yes, it is a good time to buy gold now since it is still under $1000/oz. You get a much better price right now. Sell when it reaches 2000 or 3000.

The ticker symbol for gold is GLD. So, if you're buying through a brokerage firm, you'll buy GLD. GLD is around $90 per share right now. Each share represents 1/10 of an ounce of gold.

However, I do not recommend that you buy through a brokerage firm, because the IRS will get you. I suggest you go to ebay or a local flea market or a coin dealer and buy real gold coins. When you sell those coins no one will even know that you had them in the first place... so you save money. ;)

As edgetrader says below, the value of gold is not going up. It stays the same. The value of the US DOLLAR IS GOING DOWN. That's why it seems that gold is going up, but actually it's not going anywhere. However, when you invest in gold, many years later it will appear as though you have made a profit because you get more paper money for it.

Answer #5:

Yes. (If you have at least $250,000.00 USD in your brokerage account)

Answer #6:

No one can accurately tell you if gold is a good investment right now. If they had an infallible crystal ball that told them how investments would perform in the next year or so, they could become fabulously wealthy just through their investments. Such people would presumably have better things to do with their time than offer free advice on Yahoo answers.

If I had to guess, I would predict that stocks have more potential for profit right now than gold. Gold has enjoyed a good run in the last few years that has made it rather expensive. Stocks, in contrast, have been beaten down mercilessly in the last year and a half and are looking like reasonable value again. Unfortunately, you have already missed a big rally - the U.S. stock market is already up over 25% from the lows it reached on March 9.

Answer #7:

Tina T:

Absolutely!

The price of gold is related to the "value" of
a currency, say the Federal Reserve Dollar,
A few years back, it took 250 dollars to buy
1 oz of gold.

A few years after that, it took over 500 dollars
to buy that same 1 oz of gold.

Right now, it takes alomst 900 dollars to buy
that same 1 oz of gold.

That oz of gold has not changed one bit. An
oz of gold is still an oz of gold.

So why does it take so many more of the
same paper dollars to by the same oz of
gold?

The "value" of the paper dollar has gone
down, so it takes more of the declining
value medium to purchase the world
recognized value of gold.

From another perspective, the purchasing
power of $10,000 from 1997 is worth about
$3,000 today. The value of a paper dollar
has lost 70% while the value of gold has
quadrupled over the same time period.

The reflects inflation, and what brings on inflation?

Despite all the economic "mumbo jumbo,"
the ONLY cause of inflation is the debasing
of a currency. The Federal Reserve has been
printing trillions of paper dollars without
anything to back up its "value."

Over the years, all of the trillions and trillions
of dollars flooding onto the market, without
any backing, means there are so many more
dollars chasing the same amount of available
goods.

Gold is one of the singlemost assets recognized
the world over that retains its value during times
of economic uncertainty. Try exchanging a paper
dollar for goods with someone in China, Russia,
Yugoslavia, Brazil, etc, and see if it will be
accepted.

Most likely not. What can they do with a paper
dollar in their own economy?

Try exchanging an oz of gold with anyone from
China, Russia, Yugoslvia, Brazil, etc, and you
will have no problem. Gold means something
to them, to anyone, the world over.

There are natives in the jungles of Brazil who
are more familiar with the current price of gold
than are most Americans.

Buy gold as you can afford it, and keep buying
gold for as often and as long as you can. You
will be ensuring your financial existence in a
country that is inexorably going down the tubes.

Do not worry whether you pay, 900 paper dollars,
800 paper dollars, or 1,000 or more paper
dollars.

Just have it!

Answer #8:

You can consider FX Funds Group if you would like to make 2% - 15% per month.

search for myfxfunds in google search engine for more information.

Answer #9:

If you are serious to invest, you can google for HSFX Asset Management and start making consistent profits!





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