Is buying gold still a good investment at today's prices?

Question

Is buying gold still a good investment at today's prices?

Answer 1

I dont think so.  Its higher than hades right now.  If it goes back to normal you will lose a lot of dough.

Answer 2

Absolutely yes - IAU or GLD etfs

Answer 3

Yes.  Great idea.  Go for it :)

Answer 4

No. Gold is much more likely to go back down then go any farther up.

Answer 5

I have been a silver and gold trader for many years now... I am a firm believer that with the international economy at risk because of the main financial mean today being credit that buying precious metals is always a good idea... The question here shall be then when and how (which format) is a wise investment to do... My opnion on that would be you can wait for the market to retract a bit, as no market goes straight up (even though it can come straight down)... every market has a slight fluctuations and being in such a high gives you the view that it is due to a correction soon (that means people who have bought sell to cash out there profits and since as in any market the gold market is based mainly in supply and demand factors the more it has on the market the cheaper you will pay) ... The other question is how to purchase it.... I would not recomend you to go for Gold stocks unless you are market savvy, options and futures NEVER, but now you can choose between dealing directly with a big trading firm like IFXmarkets in the UK for a spot purchase you can hedge and hold through the bumps of the market to cash your profits in a better price or if your goal is really long term go for Gold bullion, www.kitco.com is a good place to start your research.