Should i invest in gold right now? what is the upside?
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Answer:
The ONLY upside to gold investment, is if the goverment fails (complete upheavel), you still have a source of barter-able assets.
Gold is not an invesment- it is a safehold.
Yes. You will get better returns.
or how about silver?
Jim Puplava (I believe) talks about the possibility of $100/oz silver...
the projection for the next five years is gold with double in value. That is a projection not a forecast of truth. I know it will rise for a while however. Someone told me once if you invest in gold get the actual product so you can ensure it is a real gold program.
Commodities work great, gold is going up and I hear china might back some of its currency with gold, and if they decide to just do 3% of their currency, they will buy out all the gold for an entire year, which will make it double...all speculation, but most seem to agree.
If I had the money to invest right now, I'd invest in crude oil.
of course man.
Hard assets, like gold, react differently to changes in the economy than traditional financial securities (stocks and bonds). In times of rising inflation or in bear markets, when stocks and bonds may be negatively impacted, gold often outperforms.
Use gold, or other precious metals, as a means of diversification and a hedge against inflation.
The price of gold has skyrocketed the last 3 years and although there is still some room to run, most of the gains have already been made. Gold is one of these commodities that are in very long cyclical markets (sometimes 20 yrs). Right now Gold is nearing an upswing, but if uncertainty in global politics conue, the price might continue to go up (like that of oil). There is potential upside, but even more important the risk of a big loss is minimal. Gold, unlike the stock market circa 2001, will unlikely take a 30% plummet in 1 year. For a better investments (with more potential upside), look into internation ETF's like the Sweden fund (EWD).
at USD 300 people were excited to see USD 400 now people are talking about USD 700 as the next level.
Please put in perspective the larger issue of Commodity investing. In the field of Private Wealth Managment I would prefer to have you clearly defining what is your time horizon. If you want a 2 to 3 years horizon you might be better off participating in a fund (passive) that invest in many commodities such as the one from Mr. Jim Rogers (RICI Index) which you will find by searching on Google. Please contact me if you need more information.
Regards
Milan Despotovic
COGES SA
i hear golds gonna hit 900 an ounce
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