What should i invest in gold or platnium?
Question:
Answer:
Neither. Both are commodities that have no earnings.
They are not investments.
To make money holding a metal you have to get lucky and trade well. To make money in an S&P Index fund all you have to do is invest a little every month within a Roth IRA.
Gold
platnium
If you know what u are doing invest in gold.... It changes a lot now .. it goes up and down within $10 and jumpes to 20 or 30 its really good i make lots of money playing with gold.
Metals don't generate new wealth like a company does, and therefore their value doesn't gain much, except during times of shortages or falling stock and real estate markets. Gold's value is in some industrial uses; platinum is rare but cannot build a nation. Wealth is now measured in computer bits, not metals.
If I were to invest in metals, given the rise of China, I would invest in copper producing firms instead.
However you go about it, best of luck to you. May you prosper greatly. And remember old Boomer Wisdom in his old age...
Gold is expensive and price is very volatile. Think about silver - you can buy around 650 oz.
I wouldn't recommend either right now. I invested in gold 3 years ago, and have made a lot of money, but it's almost time to sell and take my profits. Platinum follows similar cycles.
Try uranium there is a big supply and demand gap for it right now.
if you confuse where to invest, my suggestion is to invest your money in education first.
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