In last three years I have found that prices of gold has been almost doubled. Can anyone suggest me whether it will rise the same way in next 2-3 years, as I may be investing in it if the return is high in two years at least.
I sure hope that the return rate would be great. I want to invest in gold as well but am always leary of investing in things that I am unsure of. But if it would double then I would be pleased.
In times of uncertainty investors turn to Gold as a hedge against unforeseen disasters since gold is one of the few investments that is not simultaneously an asset and someone else's liability. This can be the main reason why Gold is an outperformer.
Well said Ginger. Truly gold is made for bad times investment when the economy is going through a phase of uncertainty.
Yeah it is for a time when the people are not certain about how the economy is going to perform in the coming future, so gold is considered a safe investment to hedge through the inflation in the economy,keeps your purchasing power intact.
Yes, I am planning to buy gold now and not other things like shares or bonds. But one doubt. Shall I invest in paper gold or physical gold.
I prefer physical, for the sheer fun of looking at it and owning it. But you should get 24K and buy genuine gold, as in, don't buy from places like eBay, buy from a dealer
Gold and Silver are generally good things to invest in, especially in hard economic times like now. I personally plan on investing in some myself. I have heard over the next 3 years it's supposed to double if not triple. But it's all controversial, who really knows what will happen. But for the most part, it's generally a good investment.
Gold is a good investment, only if you invest wisely. I would advice to invest in ETFs and gold certificates rather than investing in physical gold in the form of jewelry and bullion gold coins. Also, invest for a long period of time rather than two or three years.
It is going to breach $3,000 / Oz soon. Read More Remember that Gordon Brown sold out more than half of UK's gold reserves in 1999, at around $250 / Oz. Just imagine how much damage it did to the British treasury. Perhaps the most stupid act by a Prime Minister in the 20th century?
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Despite the ups and downs of the economy, gold and silver have proven to retain their worth.we believe a portion of everyone's financial portfolio should contain them and we strongly believe that now is the time to own them.
