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sorry....couldn't help it. i can't say precious without thinking of lord of the rings
so, i've been toying with the idea of buying gold as an investment strategy. i have a surplus of about 3k at the end of the month, and one idea was to invest in gold/silver/etc.
my questions:
1) what are your thoughts?
2) is this a good time to buy gold for example? (prices have gone up to 1700 or so, from about 7 or 800 not too long ago....is gold a bubble in your opinion?)
3) where would you recommend buying gold from on a regular basis? (I saw a CNN report about a VERY reputable company selling gold plated non-precious metal "gold bars" that weigh the same, but if you drill it, you'll hit a non-gold filling). i want to make sure what i'm buying is legit.......
Obviously you are looking for a quick buck (aka gambling). That is not investing. No one knows where the price of gold will go in the short term. If you want to gamble, there are many ways you can throw away 3k.
Obviously you are looking for a quick buck (aka gambling). That is not investing. No one knows where the price of gold will go in the short term. If you want to gamble, there are many ways you can throw away 3k.
Good luck!
gold is not an investment , it is a speculative bet , it has no intrinsic value , thats not to say it will not go up in the next few years, it most certainly will but you dont take the same view of gold as you do of coca cola or general electric , gold could be $500 an ounce in ten years
op , i think you should buy now if you plan to hold it for at least a year , yesterday would have been better as its up a few percent today
One of my cousins bought silver for forty-something an ounce (thanks to the Hunt brothers) ca: 1980. When the price dropped like a rock he said that he didn't care, that it would eventually recover. It may yet, adjusted for inflation, but the cousin is long dead.
About 5% of my portfolio is in gold and silver. I personally buy the gold and silver eagle bullion coins from dealers just because I like having the physical metal. I would not bet too much on precious metals as they are very volatile but I like having a small amount as part of the mix.
I would have gone to one of the other dozen or so threads on how to buy or what to buy
and posted in there. This topic has already been thrashed quite a bit.
Look for posts from me. Those are generally the best stuff.
sorry....couldn't help it. i can't say precious without thinking of lord of the rings
so, i've been toying with the idea of buying gold as an investment strategy. i have a surplus of about 3k at the end of the month, and one idea was to invest in gold/silver/etc.
my questions:
1) what are your thoughts?
2) is this a good time to buy gold for example? (prices have gone up to 1700 or so, from about 7 or 800 not too long ago....is gold a bubble in your opinion?)
3) where would you recommend buying gold from on a regular basis? (I saw a CNN report about a VERY reputable company selling gold plated non-precious metal "gold bars" that weigh the same, but if you drill it, you'll hit a non-gold filling). i want to make sure what i'm buying is legit.......
thanks!
Quote:
Originally Posted by Retroit
Have you ever heard the term "Bubble"?
Yes, i have.....did you read my second bullet above in the original point?
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