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Member
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Gold: 535.00
Jan 30 2011 02:20am
It's only worth it in the very long term (10+ years).
Otherwise you'd be better of just putting your money into a high interest deposit account.
Member
Posts: 26,493
Joined: May 1 2008
Gold: 993.00
Jan 30 2011 06:59am
Quote (ElideN @ Jan 30 2011 07:10pm)
hmmm will prices go higher?


gold has been consistently climbing for nearly a century

silver just took a big hit and dropped about 200$ but it will breach the cap again


if you are doing it for investment you need to find a dealer who will sell to you at spot plus 10 because you wont see any profit until it grows +14

if you pay spot plus 20 you will need 24% growth to see anything

Quote (Wisco @ Jan 30 2011 07:16pm)
My dad invested 50,000 dollars in gold 2 years ago and since then he's made about a 10% profit


its grown by about 40% in the last two years

it was at around 960$

This post was edited by ForsakenNz on Jan 30 2011 07:01am
Member
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Jan 30 2011 07:03am
gold isn't an investment, it's speculation.

If you want to "invest" in it then by all means, do it. But I don't think it would be smart to put all your money into gold
Member
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Jan 30 2011 07:04am
too late - years ago would have been the time to be rich now
Member
Posts: 26,493
Joined: May 1 2008
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Jan 30 2011 07:05am
Quote (Sharkpark @ Jan 31 2011 01:03am)
gold isn't an investment, it's speculation.

If you want to "invest" in it then by all means, do it. But I don't think it would be smart to put all your money into gold


its actually a very lucrative method of investment just make sure you sell up before the government forces you to sell it to them for less than half price then jack the prices again
Member
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Jan 30 2011 07:09am
invest in forum gold
Member
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Jan 30 2011 07:53am
i prefer stocks
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