Has anyone invested in gold or Kruger rands and know anything about this investment?
March 20, 2010 by
Filed under gold investment
I have some spare cash from an inheritance and was wondering if I should invest in property or maybe put this money into gold. Wondered if anyone had made investments in gold or knew anything about this investment?
gold is historically high priced currently – more of a chance to go down than up
Gold , like any commodity goes up and down ,
Click on the 5 and 10 yr charts to see the price movement ( those are 1 troy oz prices )
Just went over $700 again recently . . .
http://www.kitco.com/charts/livegoldnewyork.html
You can buy gold coins , like the American Eagles at coin dealers listed in the yellow pages .
>
I have, well, actually silver more than gold. In fact most of my money is solidified in precious metals.
If you’re not sure where to start, I think American Eagles (gold or silver) should be an easy place to start.
eBay is the best place to buy, ask me any other questions. I’ll leave a source link as to why silver works better than gold for me.
Investing in property, however, is not a bad idea but you should wait until foreclosure bubble explodes (soon). These two options are far away in initial capital, a house costs $100-400K, which means the downpayment is $10-50K. But gold costs $700 an ounce, you can’t buy much more than $10K at a time without worrying where to store it.
Buy Krugerrands for a low frills cost-efficient gold investment. [do you see the future of gold prices escalating drastically, or falling drastically?]
Gold is at around $700 per ounce currently… Will market forces dictate gold in five years to be closer to $5,000 per ounce or $50 per ounce?
[You be the judge]
Gold prices thrive during economic uncertainty…
Anyway expect to pay premium prices for any gold considered collectible pieces.
Does this help any?