What I can think is, Gold rates does not fluctuate too much as Forex rates. So for me investing in Gold is less risky. But finance theory "Risk is directly proportional to return - less risk = less return, more risk = more return". Don't jump into forex right away with all your money, do it slowly, learn it, then gradually increase your investments.
I agree for a safe place to park money is in gold silver. But for profit and investment, it is the exact opposite, especially with silver. When it starts trending up, it can be parabolic and can be a short-medium term investment. Chart of silver last year Holding money in a bank, C.O.D., bonds, treasuries is a long term route and often cannot keep up with inflation. Gold/silver is for inflation hedge or speculation.
You could say Gold is better but, the increase in value should be more than than the rate of inflation and other factors. If you think of it, you might have achieved more with the 700USD in 1997 than the current 1600USD. Forex is great but only for the wise gambler.
Leverage is the killer in forex.. High leverage and overtrading will lead to huge losses, borderline gambling.
Before you can invest, you need money. Don't start investing until you have a secure job and six to twelve months of living expenses in a savings account, as an emergency fund, in case you lose your job. Learn how to budget your money and to spend your earnings wisely.
I will invest in gold soon, will buy around 5 gramms. Gold is really very good for long term investment plus i am going to put some money in bank under percent.
before making any decision you must know your investment profile.. gold much more safe and good for long term investment, while forex is very volatile but good profit if know how to play
Kangtj, agree with you. If you know how to play on forex you can make suddenly in 10 minutes 500,000$ and even more.
Lots of volatility = Lots more potential profit, unless you are dumb or unlucky. And ... you can LOSE suddenly in 10 minutes 500,000$ and even more.
It has little risk, but it calls for a lot of money. I was in Saudi Arabia recently and visited a jewelery shop in the airport. It was loaded with gold. That place must have had at least a good ten million dollars worth of gold. Those who got into the business early could really make a good amount of money when the time comes to sell everything.