investing in gold help

Thank you for your wise words, as I am only 25 I don't have the years of experience that most of the community has, and I accept your ideas threw and threw. I will definitely look into non us gold denominations, as I am not against getting more for my money in any way. BUT would the percentage of gold in said coins offset the total weight that much? I see that some of the world currency gold coins have maybe 91% gold and are 1/10oz as for others they are the same weight but the content is a little higher like 95%-99.9%. So would that be the reason why they are a little less than us gold currency? also I will look at ingots, but i have found at the amount that i am willing too spend, for any reputable company they are going too be a little bit above spot (by as much as 30%), so that in my eyes would not be a sound investment, but i could be looking in the wrong places.
Well it looks as if this thread has almost come too a close, as my question has been answered too the fullest, and I now have enough information too make the right move as too how too invest. I thank you all for your help, and I will keep you updated with my "collection"

thanks again,

john michael

 

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American Gold Eagles aren't .9999 gold -- they're actually 22 karat gold (.9167 fineness) -- a 1oz AGE is 33.931g, which works out to 1oz AGW.

 

whoops my mistake. thank you for clearing that up.

 

I couldn't agree more. Gold has remained stagnant lately. It may be at record highs now, but it hasn't made any significant moves like silver has for a few months now. I take that as a sign it may be at or very near it's peak, which would be a bad time to buy. But, like all prospects, it's anyone's guess. I say invest in a savings account and guarantee your investment.
Guy~

 

Inflation folks...a savings account is worthless unless you like losing money

 

You don't lose your initial investment in a savings account, no matter how much inflation there is. That can't be said for investing in commodities where you can lose every last cent you put into them.
GUy~

 

This thread has disappointment written all over it.

 

What are you talking about? Do you know what inflation is?

 

Er well you can't lose your nominal investment anyway... but if your money is in an account earning an interest rate lower than the rate of inflation, the actual buying power of the money in your account is constantly losing actual (inflation-adjusted) value.

Compare that to the value of precious metals, that actually increase in value, because of increased demand, during times of higher inflation, and you'll see why precious metals are a popular way to hedge savings against inflation. There's a reason why gold has been valued as a store of wealth for literally thousands of years.

Now to be fair, you can lose money in gold... however gold is likely to always be worth something so long as it's reasonably scarce and someone doesn't find a mountain made out of pure gold somewhere. Keep in mind that the real reason most people invest in gold is to have a stable hedge against inflation over the long term, not necessarily sell it at a profit as its price fluctuates upwards. The first is reasonably safe... the latter strategy is a lot more risky. Know what you're getting into, and if anyone claims they know exactly what gold's price will do in the future, realize they're lying; the best one can do is make an educated guess based on trends. Coveat emptor.

 

Yes indeed, Troodon.... that's really what it's all about right now. Just hedging your money against the falling dollar.

In reality, gold really hasn't changed price all that much over the years. The volatile USDollar just makes it look that way when you check that spot price in the paper or whatever.

 

In some views, silver has a much larger upside potential than gold...and it's easier to buy on a small income.

http://news.silverseek.com/SilverSeek/1205273785.php

DYODD

 

Gold has been pretty flat for the last few weeks but if you look at trends it has been doing this for the last 4 or 5 months. Gold will jump up 40-60 per oz in one week then it will drop about 20 where it sits for 3 to 4 weeks. Then it breaks through the last peak and goes for another 50 per oz. Review the charts for gold since around September or October and you will see this pattern.

I expect gold to break the 1k mark by the end of the month and I think silver will break the $21.25 mark which shows to be alot of resistance at. After we break those marks though I think we will see a new level of gold and alot more people will get into the marker pushing the price higher. By about summer time we should see gold around $1150 and silver about $27.50. At that point we will probably have alot of resistance of $1200 and $30.00 as we are having now at $1000 and $20.25

 

If it was as easy as all the talk here to secure profitable income in metals, we'd all be wealthy and the matter would be mute. The reason we aren't retiring with gold-lined pockets is because the market for metals has always been unstable and a poor choice to dump ones futures into. It'll be interesting to save these threads on gold and revisit them in five to eight years and see what everyone's opinions are then.
Guy~

 

Well, it's been 5 years and gold is up 70%. What do you think now, smart guy?