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Investing in Gold? forex?

Discussion in 'General Chat' started by Aslanov Biz, Jan 6, 2012.

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  1. #1
    Hello.
    I am going to buy and keep for years to sell it later for high price. As you see or no, gold is only increasing in price since 2001.
    p.s. what dp you think pf flrex? Did you try it before? Any achievments?
     
    Aslanov Biz, Jan 6, 2012 IP
  2. mmerlinn

    mmerlinn Prominent Member

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    #2
    You can invest in gold. It might go up or it might go down. Never use money you need for needs to buy gold.

    You canNOT invest in Forex. Look up the definition of "invest" in your lexicon.
     
    mmerlinn, Jan 6, 2012 IP
  3. Aslanov Biz

    Aslanov Biz Banned

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    #3
    I know what does invest word mean.
    and i meant not investing in forex. I meant just working with it ;)
     
    Aslanov Biz, Jan 7, 2012 IP
  4. websitedesignservices

    websitedesignservices Peon

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    #4
    investing in gold is best..
     
    websitedesignservices, Jan 7, 2012 IP
  5. Kerosene

    Kerosene Alpha & Omega™ Staff

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    #5
    How much are you looking at investing?
    Physical or paper?
    ---
    Also, don't forget about gold's little brother.
    [​IMG]
    ---
    Digital Point is not a good place to get financial advice.
     
    Kerosene, Jan 7, 2012 IP
  6. laceybeautiful

    laceybeautiful Peon

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    #6
    Now a day, Gold is better then Forex because it is a real wealth.
     
    laceybeautiful, Jan 7, 2012 IP
  7. aiki

    aiki Member

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    #7
    Gold may be like a bubble, it cannot increase forever... However having some gold in your account is not a bad idea at all.
     
    aiki, Jan 7, 2012 IP
  8. Jonsanggaharja

    Jonsanggaharja Peon

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    #8
    Oh, I have not investing in gold and forex.
     
    Jonsanggaharja, Jan 7, 2012 IP
  9. MarTh-

    MarTh- Well-Known Member

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    #9
    I wouldn't invest in gold/silver until the elections are over.
     
    MarTh-, Jan 7, 2012 IP
  10. wonaya

    wonaya Peon

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    #10
    if you leave in china,just say no.
     
    wonaya, Jan 7, 2012 IP
  11. mmerlinn

    mmerlinn Prominent Member

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    #11
    What does that have to do with investing?
     
    mmerlinn, Jan 7, 2012 IP
  12. Aslanov Biz

    Aslanov Biz Banned

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    #12
    I was thniking to buy some gramms. Here in my city, banks sell 5 gramms for around 500$ and in Internet I found one gramm for 74$. I am not going to invest. Forex is good when some tragedy happens or accidents then people as i know buy that country.'s currency.
     
    Aslanov Biz, Jan 8, 2012 IP
  13. edringo

    edringo Peon

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    #13
    Forex is good for your business-sense training, but gold investment is the best as long as you do it by skill and good instincs of business.
     
    edringo, Jan 8, 2012 IP
  14. Kerosene

    Kerosene Alpha & Omega™ Staff

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    #14
    Don't bother buying grams. The premium will be ridiculous.
    e.g.
    Gold spot price is $1572 AUD per ounce today.
    Current retail price for a 1 gram PAMP bar in Australia is $65, so you're effectively paying $2021 per troy ounce.
    On the other hand, a 1 troy ounce PAMP bar is $1621... much better value.
    (prices in AUD, which is pretty much 1:1 with the USD)
     
    Kerosene, Jan 9, 2012 IP
  15. Spoiltdiva

    Spoiltdiva Acclaimed Member

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    #15
    As far as trading in the foreign exchange market goes,I have always kept things simple.I buy U.S. dollars,British pound sterling,and German deutschmarks....end of story.
    (Goldman Sachs,Barclays Capital,Deutsche Bank)
    p.s. I also buy euros.
     
    Last edited: Jan 9, 2012
    Spoiltdiva, Jan 9, 2012 IP
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  16. MarTh-

    MarTh- Well-Known Member

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    #16
    Lots of volatility, less easy to predict.
     
    MarTh-, Jan 9, 2012 IP
  17. ||||||

    |||||| Peon

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    #17
    gold is good investment. forex is good source of income :)
     
    ||||||, Jan 9, 2012 IP
  18. 5starpix

    5starpix Notable Member

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    #18
    Gold is an awesome investment. I know a lady here in Canada who purchase gold coins a while back in 1996 or 1997, and she only sold them last year. She spent around $300 for a coin in 1997 and sold that same coin for $1400 last year.
     
    5starpix, Jan 9, 2012 IP
  19. Kerosene

    Kerosene Alpha & Omega™ Staff

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    #19
    5 years ago (at around $700 per ounce) I convinced myself that I'd missed the gold boat. :(
    I kick myself on a daily basis, and will probably do the same for not jumping in at $1500/1600 today.
     
    Kerosene, Jan 10, 2012 IP
  20. lachrymologist

    lachrymologist Active Member

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    #20
    gold is better for long term investment
     
    lachrymologist, Jan 10, 2012 IP
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