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Investing in Gold? forex?

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

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  1. 5starpix

    5starpix Notable Member

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    #21
    Same here, and now that price has surged well over 1500, it has become so much harder to purchase it. However, I am saving to purchase at least one ounce this year.
     
    5starpix, Jan 10, 2012 IP
  2. not_banned

    not_banned Greenhorn

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    #22
    I personally like to invest in Gold. Its safe investment with good returns But if you are good at forex trading then try some ;)
     
    not_banned, Jan 10, 2012 IP
  3. ||||||

    |||||| Peon

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    #23
    you earn more from gold then leaving your money in the bank :p
     
    ||||||, Jan 10, 2012 IP
  4. parkppc

    parkppc Active Member

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    #24
    I believe Gold is best investment for coming year, It can give handsome return.
     
    parkppc, Jan 10, 2012 IP
  5. mmerlinn

    mmerlinn Prominent Member

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    #25
    Wrong! You earn more money from gold IF AND ONLY IF GOLD KEEPS RISING IN PRICE.

    Anyone with a modicum of common sense KNOWS that SOMETIMES you can earn more in the bank than by buying gold.
     
    mmerlinn, Jan 10, 2012 IP
  6. ||||||

    |||||| Peon

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    #26
    you kidding rite?
     
    ||||||, Jan 10, 2012 IP
  7. Kerosene

    Kerosene Alpha & Omega™ Staff

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    #27
    If you'd invested $20,000 in gold in August, you'd have around $16,800 today.
    Unless you're prepared to hold gold/silver for a LONG time, then there are better places to put your money.
     
    Kerosene, Jan 11, 2012 IP
  8. ||||||

    |||||| Peon

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    #28
    ahh.. so we using short term for comparison now eh? why not july then?
     
    ||||||, Jan 11, 2012 IP
  9. Spoiltdiva

    Spoiltdiva Acclaimed Member

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    #29
    Forex trading involves 2 things,timing and patience.After the collapse of Lehmann Bros. 2.5 years ago I traded for U.S. dollars.Kept them for awhile then moved them when the panic stopped,made profit.Now I'm trading for Deutschesmarks because of the mess in Greece.
    I'll hang on to my German money then trade when the German traders calm down and the marks go back up.That's how you do it........timing and patience.
     
    Spoiltdiva, Jan 11, 2012 IP
  10. Kerosene

    Kerosene Alpha & Omega™ Staff

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    #30
    mmerlinn said "SOMETIMES you can earn more in the bank than by buying gold."
    He was right. That's all. :)
     
    Kerosene, Jan 11, 2012 IP
  11. ~~~~

    ~~~~ Well-Known Member

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    #31
    I'd prefer Gold, as currency may (not) hold its value in future.
    Gold, we all know is rare so its bound to go North
     
    ~~~~, Jan 13, 2012 IP
  12. Abhik

    Abhik ..:: The ONE ::..

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    #32
    Gold in one of the most profitable investment for me since 2007. Though the price is moderately high ATM, but still it is a good investment.
     
    Abhik, Jan 13, 2012 IP
  13. mmerlinn

    mmerlinn Prominent Member

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    #33
    Someone on DP can read? That is a miracle.

    Thanks Kerosene for clarifying the issue. And keep up the good work.
     
    mmerlinn, Jan 13, 2012 IP
  14. Lindabrock

    Lindabrock Peon

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    #34
    been hearing about forex a lot lately. I think it sounds interesting
     
    Lindabrock, Jan 13, 2012 IP
  15. Achiever

    Achiever Well-Known Member

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    #35
    i think that you can make investing on the basis of the background and many things which are needed to be consider while investing.
     
    Achiever, Jan 13, 2012 IP
  16. Spoiltdiva

    Spoiltdiva Acclaimed Member

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    #36
    If I may be allowed to wander off topic a bit.You mentioned investing.Two years ago I purchased stock in a Canadian company that was trying to develop a vaccine for the AIDS virus.They have apperantly done it and expect to have it on the market within 5 years.There are problems with the vaccine at present,but they are optomistic none the less.Imagine how much my shares will be worth "if" they succeed?
    I did well with GM stocks too.I bought them 2 years ago when they were trading at their lowest level since the Korean war.They were 'supposed' to be going bankrupt.
    p.s. never invest more than you can afford to lose,and diversify.Never put all your eggs into one basket.
     
    Last edited: Jan 13, 2012
    Spoiltdiva, Jan 13, 2012 IP
  17. mmerlinn

    mmerlinn Prominent Member

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    #37
    But I like scrambled eggs!!!
     
    mmerlinn, Jan 14, 2012 IP
  18. Spoiltdiva

    Spoiltdiva Acclaimed Member

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    #38
    I am very 'egg'cited to hear about your financial portfolio.Don't scramble it all up,get cracking on it now.I'm being serious here and am not "yolking" around.:)
     
    Spoiltdiva, Jan 14, 2012 IP
  19. WebConsulta

    WebConsulta Greenhorn

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    #39
    both of them ,but the gold is best.
     
    WebConsulta, Jan 14, 2012 IP
  20. mmerlinn

    mmerlinn Prominent Member

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    #40
    I am eggstatic that you are not yolking around.
     
    mmerlinn, Jan 14, 2012 IP
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