Is it wise to invest in gold?
Question:
Answer:
For short term - No. For long term- wait for some time since gold is at its heighest now. Let it cool and then buy
i guess it's ok!!
it would have been two years ago. if you do it now, you are buying while the price is high, there is far lesser chance of making any money.
depends on how much gold you can buy
There are good and bad points of gold.
Gold has it value as it a metal and is rare. However we can argue hat gold is not valuble as it is just a metla like iron. Diamonds are just compounds of carbon...they are worth nothing really but people believe they are.
So its value today has not dropped yes so believe its still worth osmething . Gold i wouldnt invest too expensive and what am i going to do with gold? i prefer cold hard cash!
Gold is trending up to $850/oz in 18 months
I bought gold in 2002, and i got my *** handed to me. It might go higher or it might go down.since its been doing so well recently, i would have to think its about to tank.
Judging by the past trends there is no reason why one should not invest in Gold right now.
But just keep in mind whatever goes up one day comes down also.
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