Question: is it a good time to be investing in gold?

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Answer #1:

Well there is no simple answer to any investment... However, gold is a safe heaven when global economies are uncertain. The price of gold keeps rising exponentially in the last couple of years because of this negative sentiment on global economies.

So to sum up your answer: Yes its statistically a good investment but don't go short as soon as it slides... be patient and read the financial news.

Answer #2:

My advice is keep a close watch on the economic conditions, especially pertaining to sovereign debt. If things start to head south, then get into gold fast. But to buy now and hold for the unlikely event of armageddon is a losing proposition. If you have a lot of investments and want to put 5% or so into gold as a hedge, that's OK but I would not go all in or think you're going to make much of a return on it. At this point it's strictly an insurance policy.

Answer #3:

In order to answer your question reliably, we would have to have a crystal ball.

Probably go back down to $900 before it goes back up again.

But you need your own setup and trading plan. How can you rely on an opinion from a total stranger without a proven track record? Do you actually make trading decisions from opinion? Or do you find the facts?

The trend of price may be of help, and give you an entry point. But then that's just the opinion of a gazillion technical analysts. Price and the market itself can give you a better opinion than anyone you can ask.





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