Gold as Investment

katharina · 01-30-2009, 09:49 AM

What do you think about gold as an investment? I know a lot of people are doing it... wonder if it's to protect their assets or as an investment opportunity?

alaine · 02-02-2009, 05:46 PM

I've always thought gold and silver was a great idea. It's fairly stable. Actually, if it's down right now it would be a good idea to invest. Last time I thought about doing it, a year later it skyrocketed to being worthy triple what it was when I had the initial thought. Unfortunately, I didn't invest

Taggart · 02-02-2009, 07:30 PM

Quote:

Originally Posted by katharina

What do you think about gold as an investment? I know a lot of people are doing it... wonder if it's to protect their assets or as an investment opportunity?

I think when you buy gold, it's for the stability and speculation of the rise in its price. I think having a portion of your portfolio in gold is a good protection strategy.

Historically there are plenty of examples of gold performing well.

katharina · 02-03-2009, 08:34 AM

Quote:

Originally Posted by alaine

I've always thought gold and silver was a great idea. It's fairly stable. Actually, if it's down right now it would be a good idea to invest. Last time I thought about doing it, a year later it skyrocketed to being worthy triple what it was when I had the initial thought. Unfortunately, I didn't invest

It's not down right now, it's over $900. Unfortunately we panicked and sold after the scare of 911 and it was a really stupid mistake. It was about $315 then.

katharina · 02-03-2009, 08:36 AM

Quote:

Originally Posted by Taggart

I think when you buy gold, it's for the stability and speculation of the rise in its price. I think having a portion of your portfolio in gold is a good protection strategy.

Historically there are plenty of examples of gold performing well.

Yes, it seems safe enough. I agree about the portfolio and I suppose it's a good idea even though it's now three times more expensive than when we sold. Some mistakes haunt ya forever I guess.

unique1 · 02-03-2009, 10:33 PM

With the economy as it is right now, the people that are doing it are most likely protecting their assets. In my opinion, it's a good idea to do if you can afford the time and money involved with "investing" in it. I mean, either way you look at it, it's an investment.

katharina · 02-04-2009, 08:56 AM

Quote:

Originally Posted by unique1

With the economy as it is right now, the people that are doing it are most likely protecting their assets. In my opinion, it's a good idea to do if you can afford the time and money involved with "investing" in it. I mean, either way you look at it, it's an investment.

That's the way I look at it, yes. If the economy crashes even worse, gold should hold its value. If it *doesn't* I'm afraid there are going to be much worse things to worry about.

I think a lot of people are losing trust in banks and that's really scary.

woodpecker · 02-04-2009, 11:37 AM

Right now, gold is extremely expensive. Moreover, I feel that the quality of gold is no good these days. I got a bangle a few months back, and it is already bent. Perhaps purchasing gold when it is cheap is a great idea, provided you want to sell it when the price goes up. Personally, I prefer real estate to gold as investment.

alaine · 02-04-2009, 09:34 PM

Unfortunately, real estate isn't doing so great right now. Gold tends to go up in price when people are feeling insecure about the economy. It may not be the best time.

katharina · 02-05-2009, 01:06 PM

Quote:

Originally Posted by woodpecker

Right now, gold is extremely expensive. Moreover, I feel that the quality of gold is no good these days. I got a bangle a few months back, and it is already bent. Perhaps purchasing gold when it is cheap is a great idea, provided you want to sell it when the price goes up. Personally, I prefer real estate to gold as investment.

Sorry to hear about the bangle, woodpecker. I was talking about gold buillon and coins for investment, though. There are various degrees of purity and it's bought in bars certified by a refiner.

katharina · 02-05-2009, 01:08 PM

Quote:

Originally Posted by alaine

Unfortunately, real estate isn't doing so great right now. Gold tends to go up in price when people are feeling insecure about the economy. It may not be the best time.

While it goes up in bad economic times, it rarely goes down, so what is bought now will still be holding its value even if the economy suddenly gets stable again.

heretoday · 02-16-2009, 09:13 PM

I spent a few years working in a pawn shop and dealt with gold. Here is an a little bit of insider advice for you. Go to your local pawnshop, talk to the person who handles the jewelry and tell them you're interested in buying scrap. Broken rings and bracelets, that sort of thing, that is plainly stamped with the carat rating on it. Dicker about price, based on grams. You'll be surprised at how much gold you can sock away for relatively little money.

katharina · 02-17-2009, 10:05 AM

Quote:

Originally Posted by heretoday

Broken rings and bracelets, that sort of thing, that is plainly stamped with the carat rating on it. Dicker about price, based on grams. You'll be surprised at how much gold you can sock away for relatively little money.

That sounds like a very good idea. And yes, gold is very expensive now... $969 as I speak. We freaked after 9-11 and sold for about $350. What a stupid mistake but a valuable lesson learned.

Platinum, by the way, is up $90... from $1000 just a few weeks ago, to $1090 today.

chocoguy · 02-18-2009, 06:58 AM

I don’t think that gold wouldn’t be good investment since it is hot on the bad guys. Knowledge is a better investment because it cannot be stolen and it can always get you good amount of money when you are using it.

Taggart · 02-18-2009, 08:20 AM

Comparing gold to real estate as an investment reminds me of some horrible stories. For example, before and during WW II there were people fleeing their countries who could transport their gold but left their property behind. I know that's a situation that none of us want to see again.

Also I've heard that there's currently much more interest in gold coins and bars than in stock in gold companies. People seem to want what they can hold and carry with them.

01-30-2009, 09:49 AM	#1 (permalink)
katharina Member Join Date: Jan 2009 Posts: 386	Gold as Investment What do you think about gold as an investment? I know a lot of people are doing it... wonder if it's to protect their assets or as an investment opportunity?

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02-02-2009, 05:46 PM	#2 (permalink)
alaine Junior Member Join Date: Feb 2009 Posts: 30	I've always thought gold and silver was a great idea. It's fairly stable. Actually, if it's down right now it would be a good idea to invest. Last time I thought about doing it, a year later it skyrocketed to being worthy triple what it was when I had the initial thought. Unfortunately, I didn't invest

02-03-2009, 10:33 PM	#6 (permalink)
unique1 Junior Member Join Date: Jan 2009 Posts: 16	With the economy as it is right now, the people that are doing it are most likely protecting their assets. In my opinion, it's a good idea to do if you can afford the time and money involved with "investing" in it. I mean, either way you look at it, it's an investment.

02-04-2009, 11:37 AM	#8 (permalink)
woodpecker Junior Member Join Date: Feb 2009 Posts: 30	Right now, gold is extremely expensive. Moreover, I feel that the quality of gold is no good these days. I got a bangle a few months back, and it is already bent. Perhaps purchasing gold when it is cheap is a great idea, provided you want to sell it when the price goes up. Personally, I prefer real estate to gold as investment.

02-04-2009, 09:34 PM	#9 (permalink)
alaine Junior Member Join Date: Feb 2009 Posts: 30	Unfortunately, real estate isn't doing so great right now. Gold tends to go up in price when people are feeling insecure about the economy. It may not be the best time.

02-16-2009, 09:13 PM	#12 (permalink)
heretoday Member Join Date: Jan 2009 Posts: 396	I spent a few years working in a pawn shop and dealt with gold. Here is an a little bit of insider advice for you. Go to your local pawnshop, talk to the person who handles the jewelry and tell them you're interested in buying scrap. Broken rings and bracelets, that sort of thing, that is plainly stamped with the carat rating on it. Dicker about price, based on grams. You'll be surprised at how much gold you can sock away for relatively little money.

02-18-2009, 06:58 AM	#14 (permalink)
chocoguy Junior Member Join Date: Feb 2009 Posts: 78	I don’t think that gold wouldn’t be good investment since it is hot on the bad guys. Knowledge is a better investment because it cannot be stolen and it can always get you good amount of money when you are using it.

02-18-2009, 08:20 AM	#15 (permalink)
Taggart Member Join Date: Jan 2009 Posts: 154	Comparing gold to real estate as an investment reminds me of some horrible stories. For example, before and during WW II there were people fleeing their countries who could transport their gold but left their property behind. I know that's a situation that none of us want to see again. Also I've heard that there's currently much more interest in gold coins and bars than in stock in gold companies. People seem to want what they can hold and carry with them.