WHAT DO YOU THINK ABOUT GOLD INVESTMENT?

I live in Europe. A crony of cave referred to shopping the golden goins to quarrel acceleration as well as have one more distinction after the little time. Do we consider it’s the resonable investment? And why?

{ 6 comments… read them below or add one }

cool_fun July 26, 2010 at 4:51 am

Safe, and rewarding!

absolutezero July 26, 2010 at 5:31 am

yes it is save but what is the entry price level. that would be hard to judge.
bear in mind the price is sensitive to suply and demand
. But dear..remember this don’t trust anybody in stock,or other investment. ONLY YOU who really care about your wealth. When you learn you will be able to make your own mind. I suggest you observe first and do alot of reading about gold. Check historical price…good luck.

BERNARD July 26, 2010 at 5:53 am

Gold is a good investment and it’s been beating currencies like the the US dollar because of inflation. Consider this, paper money can just be printed in mass amounts (inflation). Gold is not easily reproducible. You have to find it.

Gold is a good investment.

gold guy July 26, 2010 at 6:50 am

gold coins are a great way to hedge against inflation…check out http://www.aglobalcurrency.com

Computer Guy July 26, 2010 at 6:58 am

Gold is not a particulary good investment, but it is great compared to lots of other things.

Gold is very good at holding value during times of inflation. When the Euro (or the Dollar) declines in value because some government is printing them by the trillions, gold shines brightly.

As an example, in 1933 the US Dollar was pegged to gold at $20/ounce. The last ties between the dollar and gold were broken in 1971. Today gold sells for $1220/ounce. And it’s not just the USA. No government can seem to resist the temptation to print a few more.

I believe it is an excellent investment if you can find any to buy.

Grandpa

Ozzie July 26, 2010 at 7:14 am

One could argue that the European Financial crisis we’re seeing is directly related to Central Banks selling gold. But from a gold investment perspective, for YEARS, Central Banks selling off their gold reserves created artificial supply. While demand was going very high, the supply was artificially inflated, keeping prices way too low. That had to come to an end, and it did, and so the supply now is “normalized” (no longer false supply), and the consistent demand caused the price of Gold to skyrocket from $200’s to $1200’s. And . . . . NOW, Central Banks are talking about BUYING Gold again to “stabilize” their currencies. That will create artificial DEMAND and drive the price of Gold possibly up into 5 digits. It’s hard to see the downside of buying the yellow metal, IMO.

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