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<p>[QUOTE=&quot;troyheights, post: 344828, member: 11271&quot;]The cautious posts are likely from the &quot;Don&#039;t put all your eggs in one basket&quot; school of thought.&nbsp; And, there have been several Nobel prizes for economics awarded to people who described the importance and value of diversification when investing.</p><p><br /></p><p>Your best investment is to pay off any debt you have.&nbsp; Having done this, I would consider three things:</p><p>1. What is your goal? (new car, college, retirement, etc)</p><p>2. How much risk are you comfortable with?</p><p>3. How long do you have to your goal?</p><p>Answering these questions will steer you as to how much money you need to save and what types of investments you&#039;ll want to look at.</p><p><br /></p><p>If you choose over-weight in any single investment (in this case gold), you must have an exit strategy.&nbsp; What will you do if gold goes up <u>and</u> what you will do if gold goes down.&nbsp; Every day you should check not only its price, but any relevant news and be prepared to execute your pre-determined strategy.</p><p><br /></p><p>If you want more diversity in your portfolio, there are many nice mutual fund companies out there.&nbsp; My personal favorite is Vanguard, as most of their funds are indexed funds (essentially an indexed fund provides market typical performance for a fraction of the cost of managed funds).&nbsp; And, they have quite a selection, where you can choose from broad based funds that follow the whole U.S. stock or real estate markets or focus on a particular sector (say, mining).</p><p><br /></p><p>In conclusion, keep educating yourself; there are a lot of good resources out there (and not just the internet, Suze Ormond, for instance, is excellent).[/QUOTE]</p><p><br /></p>

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