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Is now a good time to invest in gold?

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  • Is now a good time to invest in gold?


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Answer #1 | 28/12 2013 22:20
Perhaps not; gold has reached its peak and you might like to wait for its downtrend. Be on the watch.
Answer #2 | 28/12 2013 22:30
it's never a bad idea to own some gold but now isn't the best time to buy because it's trending down. wait for the current retracement to complete and price to start ticking up and then buy.
Answer #3 | 28/12 2013 22:21
This is a tough question as most serious "investors" do not invest in gold so much as they use it as a hedge. If you look on line at what an ounce of gold bought at various times in history, they are roughly equal. So if an ounce of gold in today's market buys a 10 year old used car, it likely bought similar most times in history. Clearly this is not an exact science. A better question is: "Should I own gold?" and the answer always is yes. "How much?" well, that depends on your time frame. If you can afford it, hold up to 5% of your investment capital in gold. You can buy bullion on line at AMPEX or eBay. Watch the shipping costs though. Also, you can buy an ETF - check on the GLD for example. Good Luck!
Answer #4 | 29/12 2013 01:08
glod is going down right now, but you should try bitcoin or dogecoin they are like gold but on the internet and they are getting a lot of value right now also they are not regimented by the government so you dont to pay taxes on them
Answer #5 | 29/12 2013 02:39
It was on its peak but now it's decreasing. I suggest not to invest in it
Answer #6 | 30/12 2013 09:45
Gold (and precious metals in general) are not "investments". They are for speculators and traders. The MAIN component driving the price of gold is FEAR. When fear is high, gold is high. When fear is low, gold is low. Gold has no earnings behind it, it does not pay dividends, and it does not produce anything. The price of gold is not remotely predictable.
Answer #7 | 29/12 2013 20:11
No.

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