Gold has no yield and is only useful as it has perceived value. Be wary, unless you think the world is going to implode...
Invest half of them into real estate and buy a good earning website for 500$ and market it well using the services given by the members of DP here. It will benefit you and also the members of DP
You have to beat inflation for that to be worth it. Realistically and technically; you don't make nothing at all. I.E If inflation is 5% (Grocery prices etc) and your interest rate at 7%, you only made 2% of that investment back. I'd personally look in other areas to invest it, obviously not all of it as diversity is a great tool (in general). In this case not. With such a small amount don't expect to make any money unless you take a risk starting a business etc etc.
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And why stocks in the current market? "Just need to pick the right ones." "We're at the bottom of the market now." A lot of banks are releasing their reports next week, and yesterday the Bank of America said it doesn't need any more money from the Fed. That's why they jumped. Doesn't mean it's still a good time to buy and going "oh I missed the boat" is the wrong mentality. Only invest in Gold if you actually get the bullion (as in you get to hold it). I believe most places (I'm not in America) give you a piece of paper entitling you to it, not gold it self. I.E When the World implodes and it's the only commodity left, you will still be able to trade it.
I personally would remove my investments from the markets right now and only trade short term. Recent investigations are exposing many of the biggest traders for fraud. These traders have been working with the banks and real estate companies. The recent uptrend in the markets lately is only due to peoples perception that maybe this is it, maybe this is the bottom of the market as explained above. Do not be fooled as I believe this uptrend is only short term and the markets will come crashing down once again. Tread familiar ground and don't make any risky investments just yet.
Get PPC Classroom 2 or PPC Ninja and go start figuring our how adwords and PPC works doing real practise. If you aren't an idiot you can get good ROIs.
Put it ALL into stocks worth 1 penny each, if they go up by 1 penny in value, that means a total 100% raise!
I heard a wise man say that if you want to double your money, fold it over and put it in your pocket. Seems fitting for these financial times.
Where has any body here doubled there money in this thread; although I do agree with you I just don't see how it's relevant. There is no reason why he can't capitalize on these "financial times". A lot of business out there are thriving because of it!
Why buy gold now? aren't things still going down? If your going to buy gold, buy it in a bit when things start to pick up. I say you buy sites with revenue, or start a site yourself.
You usually buy gold to secure your investment in times of volatility i.e now. He only has enough for one oz which is, basically, not much. The price would have to fluctuate substantially for it to make a profit. To actually make decent gains you have to invest decent money. Unless you start something, have a niche etc etc you're in the same boat as every body else.
Put it in the Stock Market at these low levels, just buy a fund that follows the S&P index. You can do this at many online brokers, although I believe Vanguard has the lowest fees.