Is now a good time to invest in gold? Why or why not?
Question:
Answer:
NO...NO...NO...This is the wrong part of the cycle.
You should have made your investment in 2003!
Wait until the next recession is at its deepest point and then make an investment in gold!
Not Now!!!!
well gold is hard to find now a days
No. Never invest in Gold.
Now is the best time to invest in Real Estate. Prices are down and so are interest rates. Always remember, they are NOT making any more.
If you want an insurance policy which could protect you in the event that the "paper currency" system ever comes apart, yes. All financial advisors would caution you about putting too much of your assets into gold, but a reasonable weighting should be in all investors portfolio. When you look at the size of the derivitives market and the size of all debt, especially government debt, gold begins to make a lot of sense. I might suggest www.jsmineset.com for the best, most advanced discussions of the gold market I know of if you have furthur interest.
You will never get a real answer here (or any where else) you have to examine the data and make your own decission.
Try this site as a start http://www.dailyreckoning.com
1) No
2) There are far better investments than gold.
Gold is an investment against inflation. If you think inflation will rise, buy gold.
Inflation seems to be tamed for the time being.
The price of gold is where it is, because there are as many people who think it will go up as there are people who think it will go down.
There is no point in asking any one, because it is all a matter of chance. Random walk
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