Question: Have you invested in gold? Why or why not?


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Answer #1:

Gold is a good commodity to invest in, so is heating oil.

Just beware of investing in something that can have a market flood like gold. If everyone goes in it fast the value will become fictional and will drop drastically. So just beware of market floods.

Answer #2:

No. Gold is a fear based investment peddled by con artists in bad economic times. Realistically, gold is marketed as a "hedge" against inflation. If you look a decently long history of gold prices, you'll find that they ebb and flow with the economy.

Gold has a converse relationship to the economy as a whole and particularly to the dollar. If the economy (and dollar) is up, gold prices tend to stay flat or drop; if the economy (and dollar) is down, gold prices skyrocket.

When the economy stabilizes again, the price of gold will fall back into equilibrium.

Answer #3:

Gold is not an investment. It's a hedge.

Answer #4:

Yes. I converted all of my 401k assets to gold in 2006 when the democrats took over the house. I knew that the dems would destroy the economy. This was am extremely smart move on my part. Gold was 624.00 USD per ounce in Nov of 2006 now it is over 1200.00 so don't tell me that gold was not a good investment. Stocks are still down 40% compared to 2006. As long as the dems are in power the price of gold will continue to rise.

Answer #5:

I don't have the money and I am about to lose my job. Gold is the last thing I am thinking of right now.

Answer #6:

Investing in gold is betting against the dollar. If you believe the dollar is going down you are better off moving your dollars into gold and in that manner preserve the value of your currency. However, if you believe the dollar is recuperating then investing in gold would be foolish as that would mean that gold prices will go down and you would lose the value of your investment.

I believe we have weathered the worst of the storm already, investing in gold at this point would be foolish, it is more likely to go down than up. Plus, it is at historical highs already, buying gold at the highest price ever would be like buying real estate in 2007....

Answer #7:

It is too expensive right now. Silver is a better buy for hedging. Silver is used in a lot more things than gold.





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