Is it good to invest in gold at current levels.. at around $678oz.. ? or Should i wait for some corrections...? Many analysts have recommended a target of about $738oz this year .. Please suggest me something...
Gold usually always increases. I have myself made profits buying gold early when it was not as costly. I say you should go for it
Forget gold, copper is the precious metal that is really shooting through the roof and it keeps climbing. They can't make enough of it to fulfill the demand of building all those transmission lines. I just read a business story today where copper prices have gone up 45 percent in just two months and there is no end in sight.
This is a very touchy bussiness. If you mean physical gold then i would be careful what you buy and how. If you are talking about somthing like e-gold i would say use EXTREME caution. I have seen websites that rip people off for thousands and hundreds of thousands of dollars doing the e-gold thing. Now i do trust www.e-gold.com BUT people who claim they can change your e-gold into cash should be treated with extreme caution. I have seen websites like this pop up and i have personally seen people put thousands of dollars to these websites off their credit cards just for that "e-gold cashing" website to dissapear with the money with in a matter of days sometimes hours depending how much they got. Please be very careful.
GOLD is an ever green investment for me......always made money in GOLD.......its yellow shine is very app ealing....... Though lately i have started investing in Domain Names......
brian is right. There is a larger profit margin with silver and copper. With gold, you need many thousands to make the same ROI you see with the less expensive precious metals.
I would stay away from gold, it is not a very transparent investment, to much gold is held with central banks who try to influence the prices for there own interests. Look at other commodities instead, not sure about copper and silver they have been in a 5 year bull market, maybe look at coffee or corn, or maybe orange juice. -Jason
Gold stock market shot up in price over last year and half. If you bought year and half ago you would be OK. I have a acre of Moonplot for sale fo £UK ten million if interested???
Sorry to bump this back up, but it's worth mentioning that you can actually buy a gold ETF on NYSE (GLD). Silver is SLV.
I can't believe I just read on DP that I should be investing in OJ. I just bought a gallon for $6 today, what a rip. Maybe if I don't drink it and keep it in my fridge, I can resell it for a couple years for $8?
Ye i think you should invest in gold since its always rising, and you will most likely get money from it.