Thread: should i buy gold?

I have about enough for a little less than an half ounce of gold in savings bonds (matured). They are just sitting and was wondering if it would be a good idea to buy gold. I've never bought gold or silver so all help is appreciated.

Buy silve, you can get more of it, gold has reached a high, dolnt buy gold till its like 1500 an ounce

That's a good idea thanks for the help

Shure

Originally Posted by thecoin

...gold has reached a high..

And you purchased your crystal ball where?

My Gini got it for me as a birthday present

It is like this one hehe
http://crystal-cure.com/crystalball.html

There is still strong correlation to silver and gold pricing, so if one is going down so will the other and visa versa. I hate to ask an important question here, but why do you want to buy it? Hype, short term investment, long term investment, to hide in a bomb shelter for the apocalypse? The middle 2 are reasonable, and if you feel the bull run will be over in a couple of years, paper assets of gold make the most sense due to leverage. If your target range is over 5 years, then physical may be the answer.

My suggestion is to put half into education materials on commodities, financial systems, or numismatics and the other half as an investment. Without knowledge, you will probably lose more than you would spend for books or a class.

Im looking for a short to long term investment since right now the money is just sitting. School is taken care of by the gi bill

Give half of it to silver one ounce rounds, a quarter in gold and a quarter in stock or gold too

Thanks for the advice guys I will definitely utilize it

Yourwelcome, funny how I have like 100 bucks, im 12, and I can actually give advice on what to do with 850 dollars although never had that much!

Lol scary

Originally Posted by thecoin

Yourwelcome, funny how I have like 100 bucks, im 12, and I can actually give advice on what to do with 850 dollars although never had that much!

The internet makes so many things possible.

If you are diversifying your portfolio it is not bad idea to buy now if you are buying to make short $$ it is probably a little late to jump in the game, PMs could go down if this economic recovery the markets are anticipating thanks to QE doesn't come thru.