Gold as Investment

[katharina]

Unfortunately, real estate isn't doing so great right now. Gold tends to go up in price when people are feeling insecure about the economy. It may not be the best time.

While it goes up in bad economic times, it rarely goes down, so what is bought now will still be holding its value even if the economy suddenly gets stable again.

 

[heretoday]

I spent a few years working in a pawn shop and dealt with gold. Here is an a little bit of insider advice for you. Go to your local pawnshop, talk to the person who handles the jewelry and tell them you're interested in buying scrap. Broken rings and bracelets, that sort of thing, that is plainly stamped with the carat rating on it. Dicker about price, based on grams. You'll be surprised at how much gold you can sock away for relatively little money.

 

[katharina]

Broken rings and bracelets, that sort of thing, that is plainly stamped with the carat rating on it. Dicker about price, based on grams. You'll be surprised at how much gold you can sock away for relatively little money.

That sounds like a very good idea. And yes, gold is very expensive now... $969 as I speak. We freaked after 9-11 and sold for about $350. What a stupid mistake but a valuable lesson learned.

Platinum, by the way, is up $90... from $1000 just a few weeks ago, to $1090 today.

 

[chocoguy]

I don’t think that gold wouldn’t be good investment since it is hot on the bad guys. Knowledge is a better investment because it cannot be stolen and it can always get you good amount of money when you are using it.

 

[Taggart]

Comparing gold to real estate as an investment reminds me of some horrible stories. For example, before and during WW II there were people fleeing their countries who could transport their gold but left their property behind. I know that's a situation that none of us want to see again.

Also I've heard that there's currently much more interest in gold coins and bars than in stock in gold companies. People seem to want what they can hold and carry with them.

 

[katharina]

Comparing gold to real estate as an investment reminds me of some horrible stories. For example, before and during WW II there were people fleeing their countries who could transport their gold but left their property behind. I know that's a situation that none of us want to see again.

Also I've heard that there's currently much more interest in gold coins and bars than in stock in gold companies. People seem to want what they can hold and carry with them.

This is so right... can't take a house with ya... but I don't think people are thinking about having to carry it with them somewhere... or at least *I* wasn't until you mentioned this.. gee, thanks, Taggart!

But it's just because gold doesn't lose it's value as far as I know. Platinum today is $105 higher an ounce than just a few weeks ago.

I don't know what *people* think of the so called "stimulus" package but the markets are screaming that it was a huge mistake the way it looks. Wonder how often they're wrong?

 

[Laughingmouse]

Gold is a good investment, which is why you see ads enticing really stupid people to bring in their gold jewelry. It's only good if you own it.

I moved some of my investment money into previous metals when gas spiked this past summer, and it stemmed the bleeding as other stocks dropped.

Real Estate is still a good deal as long as you aren't buying a home outside of Arizona. If you buy some parcels of land that you aren't forced to build on within a certain amount of time, you still come out ahead, but you have to wait a few years to see your return.

 

[katharina]

Gold is a good investment, which is why you see ads enticing really stupid people to bring in their gold jewelry. It's only good if you own it.

I see online ads for this all the time and constantly get spammed with it, too... send us your unused gold jewelry and we'll send you CASH! People need to take a moment to realize it's worth a LOT more if they keep it and sell it privately if the situation becomes dire.

 

[SageMother]

I see online ads for this all the time and constantly get spammed with it, too... send us your unused gold jewelry and we'll send you CASH! People need to take a moment to realize it's worth a LOT more if they keep it and sell it privately if the situation becomes dire.

I know!

Makes me want to pull out some of my savings and buy up some of this "fool's gold" myself!

 

[katharina]

I know!

Makes me want to pull out some of my savings and buy up some of this "fool's gold" myself!

Indeed! And if you have a gold ring or necklace right now that's just lying around gathering dust in your jewelry box, I'll give you twenty bucks in CASH to take it off your hands.

The lure of cash has caused many a downfall.