How profitable is buying gold ?

Question

For the purpose of saving money

Answer 1

Some say it will soon go to $5000!  If inflation picks up here in the US this will probably happen. In other words the dollar will become more and more worthless so people will protect their wealth with gold.  So you would increase your money by 5 times.

Answer 2

Past have indication that gold have minimum volelity and bear run.

So it is good idea.

Answer 3

Buying any metal or commodity or stocks is subject to market risks. Sometime back, when the dollar was weakening, people hedged their bets on gold and the metal value shot up. Then there was a meltdown in metals and the value came down marginally. So it will depend on whether you want to go for long-term or short-term investment. There are several experts' blogs on the net which give a good overview about investing in gold. For starters you can go through this recent one-page article:

http://articles.moneycentral.msn.com/Inv...

And here is a starter's guide to investing in gold:

http://www.mahalo.com/How_to_Buy_Gold

Hope this helps.

Answer 4

Normally if the economic going down the gold's price will go up.

Answer 5

now it worth $901/ounce,buy now coz i see it will rise arround 950 in the next couple of month.