I've been seen these commercial on TV to invest in Gold is that a good investment?
Question:
Answer:
Any investment advise advertised on TV is about as useful as dog poop on a stick. The answer is a resounding NO ! Don't ever purchase anything related to investing on an infomercial.
Yes. But only if you don`t need the money for other things.
But don`t believe in everything you see, or hear.
Do you buy everything you see on infomercials? Are they ever a good investment?
If you really want to learn about good, solid investments from your TV, tune into MSBC or CNN or even money-management seminars on PBS.
It has been "VERY" good for me over the last 6 years.
Here is a site I can highly recommend where you own Gold in storage or you can take delivery, if you want to:
http://www.goldmoney.com/
Good Luck!
Please beware of slick stock salesmen & woman that only think of getting some commissions when they give you advice.
I have been into Gold panning, Gold stocks that used to pay decent dividends, coins & bars, and my wife has made profits selling her old jewelry, for over 30 years.
"BEWARE" of the Gold ETF's, James Turk a former Central Banker, has done extensive research concrerning the ETFs, he says the Gold is held in The Bank of Englands vaults & nobody but nobody is ever allowed to audit the amounts. Therefore no one ever knows if there was a run on Gold if there would be enough Gold to pay off depositors.
The URL I posted does quarterly audits to guarantee the exact amount of Gold is in storage. It is also insured by Lloyds of London.
In the last 6 years my physical Gold holdings have done much better than my Gold stocks.
Annualized rate of return during this period was 24%. Coins can be sold or bought on the net with little trouble:
http://www.ajpm.com/htbin/gold.cgi...
Disclaimer: Past performance is no indication of future earnings!
Thank You.
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ignoring the informercial part of it...
Gold is a good investment, particularly when there is excessive turmoil / volatility. Investors generally move their money to gold when they see the market as too risky. If you believe the market is due for a strong correction, or if you think the world is going to hell in a handbasket, buy gold.
You might want to consider the gold stock ETF, GDX. The gold mining companies can make money even if gold drops and they also mine other things.
Yes, gold is a good investment. I started buying while it was around $289 oz., and that wasn't long ago. Now it's around $650. Try to buy the 1/10 oz. coins as close to spot price as possible. If something drastic happens to the economy, gold will ALWAYS spend.
gold is a good investment - it does carry with it risk, as any investment does. gold will go up as inflation goes up and the demand for gold itself (demand has been skyrocketing for virtually all the metals), not necessarily as the $ weakens or interest rates rise - although they will certainly keep a bid beneath it. however, you need to think of gold in terms as the federal reserve thinks of gold. gold rallying is a central banker's worst nightmare. it means investors have lost faith in the central bank's ability to fight inflation.
gold, as an investment, is a hedge against inflation. every well diversified portfolio should have some gold in it - i would say no more than 10% - but thats up to you.
the ads you see on tv are probably for full service gold bullion brokers. if you do invest in gold - bullion is the way to go - you can hold it forever. however - there is now a gold etf that trades on the american stock exchange and can be purchased with any stock brokerage account, symbol GLD - which will mimic gold's rise and decline on the futures market - you can hold this etf forever, or for as long as its in existence - it is very popular and very liquid. you'll have to do research online to find a reputable gold bullion broker - most full service brokerage firms should be able to acquire it for you. the main thing to look at when purchasing bullion is commissions, or the price you pay your broker for buying the bullion for your account, also, the financial stability of the firm is something that while overlooked, it still very important - you'll have some headaches if your broker goes under. i haven't looked into the brokers on tv, but i would suspect that they are high $ commission brokers. i would call full service brokerage firms and ask if they deal in bullion.
yeah it was a good investment when interest rates were going down. By the time mass media knows about it, all the insiders are just about ready to offload their shares. These TV commericials are great marketers to help inside investors find fools to get in at the highest prices. I would be real careful if i were you, interest rates are starting to edge up which means prices of commodities other than money should be coming down in price. when cheap money goes out the door, expensive money comes in.
But only if you act RIGHT NOW! We've got just the right deal for you...if you call within the next 15 minutes, we'll also send you this matching set of solid gold kama sutra coffee pots. Don't forget the Ginsu Knives! Cut open a tomato can, then a real tomato! Cleaning them is a real snap! And LOOK, the water still BEADS!! Not convinced? Wait, there's MORE! place your order now and we'll send you two bars of gold for the price of one. You can't beat our deal ! ORDER NOW!! taxes, titles, carry, insurance, shipping and handling fees all extra. operators are standing by. CALL NOW!
RULE: If it's in an infomercial...they are making their money "selling you an idea" instead of doing what they tell you to do. If their idea was so great, they would not be tellng you about it...they'd make plenty of money doing it themselves (without "cutting you in on it"). Honestly, nobody does an infomercial to help YOU.
Gold sold through tv commercials are the most expensive, worst version of "investing" in gold.shouldn't even be called "investing"...terrible, terrible scam on the American public.
If you wanted to "invest" in gold...NEVER buy coins, bullion (bricks), someone's grandmother's old jewelry, etc. etc. etc.
Investing in gold is easier than ever..buy the gold index (an ETF in the stock market) or a precious metals company (stock market) or precious metals/gold oriented mutual fund (stock market)...you can sell any of these investment within minutes and have all your funds within three days settlement time. Owning coins, bricks, old jewelry...the pricing is very subjective, it's hard to find someone who would actually buy it from you later ...and if you do find someone they know how hard it is to find a buyer of such things so you get the "worst" pricing.
You have complete control over your investments with the stock market and you have a "solid" method of "cashing out".however. NONE of these investment methods guarantee any profits...HECK you can LOSE a lot of money doing this... GOLD does best when the world is scary...runaway inflation, market crashes, war, etc.
Good Luck
Yes. (If you are a millionaire)
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