Is today the right time to buy gold for investment?
May 25, 2010 by
Filed under gold investment
My friend says the price is very low yesterday.
Investment Advice for the New Economy
May 25, 2010 by
Filed under gold investment
My friend says the price is very low yesterday.
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No. Stick to mutual funds.
yes! everyone should have a precious metal stock in their portfolio and now is a great time to get in. according to jim cramer anyway, and i think that guy knows what he is talking about most of the time. make sure your portfolio is well diversified, you don’t want all your money in gold, in fact, i wouldn’t even put a significant portion in gold.
NO, gold is in a down trend.
The semi-conductors are looking good.
i think so. i have stock of a gold mining company. personally (my adviser agrees) i believe that gold prices are going to go way up over the next year or two. so i definitely believe it’s a good investment right now
Gold is at an all-time high right now. I would invest in stocks before buying gold right now. Here is a link to the latest pricing:
http://www.kitco.com/market/index.html
As part of a well thought out “asset allocation” there may be a place for a small portion of your portfolio. In general I’d say around 1% of your total investable assets.
As far as the price being “low”. Your friend hasn’t a clue. The experts don’t know where gold is going. Your friend certainly doesn’t.
If you decide to buy gold….. use an ETF like GLD. You won’t have a storage costs. You can sell it quickly, when needed. The internal fees of an ETF are very low.
If you don’t quite understand my answer. Don’t invest in gold. Take some time and educate yourself on investing.
If you read a few books….. most will tell you;
“Never take “tips” for investing from anyone”
Unless you have other investments, mutual funds, ETFs, retirement account, IRA, you need to have the basics first before you speculate in gold.
It’s always a good time to buy gold for investment (assuming the price isn’t out of control like it was a couple weeks ago) It’s a great way to protect yourself when the dollar is falling like it is now.
This article has some more information on investing in gold and other precious metals:
http://www.goldintomoney.com/precious-metals/are-you-ready-to-diversify-your-portfolio-with-gold-silver-and-other-precious-metals