Question: Why should I invest my money in gold?


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Answer #1:

Because, Gold's rate are increasing day by day.

Answer #2:

Gold value can go down as well as up.

It could be near a peak at the moment.

Answer #3:

High returns are not really an advantages of investing in gold, and with the recent spike in gold price, many believe that the price will start to decrease. However, there can be many other advantages of investing in gold. Gold is a precious metal that will always be highly valuable. This means that your money will be safe. Even if the economy of America collapses and our dollar value become worthless, gold will still hold value and will spend wherever you need goods. If inflation hits hard, you can easily sale your gold to oversea buyers at a high price. This means that while the American price of gold can drop by hundreds of dollars, your investment is still safe.

The reason the price of gold stays close to inflation is the intrinsic value of gold goes neither up nor down. The price change typically only reflects inflation or deflation. It depends on many factors, but generally is only tied to the value of the dollar.

I think a small part of everyones portfolio should be made of gold, but not a large portion.

Answer #4:

1. Never invest in anything you don't understand
2. Never take stock tips (unless it matches up exactly with your investing criteria)
3. The risk is very high.
4. It can be part of a portfolio. Maybe 2-3% for the average portfolio.
5. Experienced traders consider selling anything that's being bought by the general public in great numbers. It's usually a sign of a top in the market.
6. If you do this... don't buy the metal. Don't buy coins. buy the ETF "GLD" only (not a rip off, cheap to buy through your on-line broker - $5-$15 max).........................
7. Many believe it provides inflation protection. My reply to that would be "sometimes".

Answer #5:

It's NOT an investment. Ignore your friend. Its a hedge. If you choose, it's a very small part of all your investments. Buying gold costs you a premium. Selling gold costs you a discount. Those who make money in gold live on the premiums and discounts, and push marketing stories (dire warnings or fantastic opportunity) in between. If you want a gold hedge, then buy a large miner/producer like Homestake or Newmont. We are facing deflation - too few dollars chasing too many goods and services.

Answer #6:

Gold is solid--it'll NEVER dip to easily attainable rates--which is why the elite of society posses it. Gold isn't like stock--you buy it, you have it---it's yours. And yes....it's a damn good comfort cushion when inflationary times are scary.





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