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<p>[QUOTE="coleguy, post: 729064, member: 9167"]Everything I've read lately says not to buy gold right now, and for good reason. People always buy high thinking it's just going to go higher. There really is a cap on commodity inflation, and I believe gold to be nearing it. Gold's not going anywhere. Wait for it to drop then buy if you have to. As an investor (I'm assuming you're one to be asking this question here) ask yourself this: why should gold continue to rise in value? The economy is the generic answer, but as we know, the economy is in a slump, and slumps never last long. Will gold drop as the economy rebounds? Why don't major investors use gold as hedges? I'm not talking individual investors, but large firms. Birkshire Hathaway doesn't and they're about the only ones who have continued to make money during the recession. I know, because they just made me 12K today.</p><p><br /></p><p>In short, do some hard research before you dump your money in an uncertain prospect. Otherwise it's not an investment, it's a gamble and a poor one at that.</p><p>Guy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 729064, member: 9167"]Everything I've read lately says not to buy gold right now, and for good reason. People always buy high thinking it's just going to go higher. There really is a cap on commodity inflation, and I believe gold to be nearing it. Gold's not going anywhere. Wait for it to drop then buy if you have to. As an investor (I'm assuming you're one to be asking this question here) ask yourself this: why should gold continue to rise in value? The economy is the generic answer, but as we know, the economy is in a slump, and slumps never last long. Will gold drop as the economy rebounds? Why don't major investors use gold as hedges? I'm not talking individual investors, but large firms. Birkshire Hathaway doesn't and they're about the only ones who have continued to make money during the recession. I know, because they just made me 12K today. In short, do some hard research before you dump your money in an uncertain prospect. Otherwise it's not an investment, it's a gamble and a poor one at that. Guy~[/QUOTE]
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