Gold Investment
-
With the Gold price growing steadying, anyone care to share their experience in investing Gold?
-
hello angelboy,
so have you invested in gold? care to share? :D
-
will people still invest at this point of time?
-
It simple. Before I continue , Gold and Oil are definited as commodity and it is usually traded by Futures or contract obligating the buyer to purchase an asset.Just remember that to predict whether which is the best time to buy gold, the idea is to take notice that some currencies from some countries are heavily correlated with commodity prices.(in this example Gold).In this case Australia's dollar value is the same as gold value, so if Australian currencies raise, this will indicate gold value is rising as well since Australian has 85% positive correlation with Gold. A weaker, but still important, correlation is that of gold prices and the Swiss franc currencies since in case of "political uncertainty" they have gold as their backing.
As for the reason why gold is still the best investment, kindly visit this link so as not to bored your with lengthy words , Link : http://www.investopedia.com/articles/basics/08/reasons-to-own-gold.asp
-
No money to invest. :(
-
For me, I feel that Gold is a good way to hedge against risks. Gold will never be worthless and it is freely exchange into other currencies.
I have meddle a bit in gold and diamonds as alternative forms of investments as I do not have the time to monitor stocks and shares. Returns are small but constant for Gold and Diamond but risks are lower which suits me.
Anyone else invest in Gold?
-
buy on dips. you will not regret it.
-
Originally posted by Penny.lj.ying:
will people still invest at this point of time?
gold coins from US mint got sold out, what you think??