I agree with you. It is like don't put all your eggs in one basket. We really cannot predict the market even in currency trading. It is a wise decision not to put all your funds in precious metals such as gold. You need to segregate it in order to accumulate a tiniest profit from your investment. It is also true that factors such as world events affects everything.
Gold isn't really an investment in that it's a commodity. Gold doesn't pay dividends and has a set amount of it available. However, i would recommend looking into a few high quality miners. The miners are notorious for being undervalued and are way overdue for a breakout. They have a set cost of operation, so if the price of gold takes off, so will their profit margin, meaning their stock could very well outperform gold itself.
Agree as well. Don;t put your eggs in one basket. That is a really good phrase by pinklily. Its all about even distribution and if one works better than the other, then invest.
In the long run I am very bullish on gold and silver 5+ years from now the price will be much higher then the current price. However what I see reading the technicals on the chart is that both gold and silver still needs a healthy pullback. After that big drop we have been having choppy sideways consolidation that I see correcting in the downside. Time frame for this pull back is down for 4-8 months. Then I'm sure some signal will show up that its time for our lifetime buying time frame for both gold and silver.
Gold is definitely a good form of investment .I'm saying this because i have never heard of gold prices going really low. Looking at the current trend its really a good move. I'm just 21 and already invested some amount in gold. My parents has invested a lot in gold rather in stocks. Purchasing gold now a days is not that easy as the prices has gone sky high. People who had purchased when the price was really would would reap the benefits.
Long term investment I agree, but Gold silver and anything else tradeable out there needs a healthy pullbacks every once and awhile and the chart too me looks like it still needs a healthy pullback.
Yeah right. Gold still a good investment. Indeed, Aristotle was right.. Gold is the best standard of sound money.
There are always opportunities to enter the market and get abit more Gold for your Dollar but the people investing in Gold Bullion for the long term are doing it to protect their purchasing power. Gold is Money, a store of wealth.
I'm not sure wether I have posted this link before but I think this guy just about says it all really! Tarek Saab is a bullion dealer from Texas and gives a great insight into how a dealer makes his money. - http://www.youtube.com/watch?list=UUwo1lEiVFySDG_V6Fab86_g&v=6K8JXjE57Ec&feature=player_detailpage
In the last several years, we have seen gold fulfill its role as financial insurance in the face of a series of crises involving everything from terrorist attacks to massive bank failures. we believe that gold must be a permanent fixture in every portfolio.
It is true that gold can rise and dip at anytime, it is also true that it will never lose its value. Without getting into a philosophical debate, most everybody will have to admit that gold can pretty much stand against time in terms of influence unlike anything else.
I was investing in Gold for last 6 years ans still growing. I wish I may add up more on upto next two years where gold price may get saturated for some period.