Is gold a good investment at the moment?

Question

From what I've read it will most likely stay at about the same rate as inflation so for a long term investment, is gold the best way to go?

Answer 1

I wouldn't recommend putting all your money in gold as it is

a) less liquid than a cash account.

b) you lose money to buy and sell it.

That being said putting some money in it is not a bad idea even with a hyper conservative investing approach like you are talking about you can still diversify with Bonds, Gold, Money Market.  etc.

Answer 2

Gold is never a good investment 'cause its prices change after a long time and dont fluctuate that much! So invest in something that gives u profit soon and plenty !  

Answer 3

Yes, it is right decision ar right time. All the best

Answer 4

Gold can never be classified as low risk.Since the early eighties, it has risen to 800 Dollars/ounce, fallen to 200, and recently hit 1,000, before dropping to 787 at today's rate. When world economies recover, it will drop further.

Answer 5

Gold is not an investment as such, but as you have surmised, it will hold it's value well during times of inflation.  I think it is an excellent long term investment.  If you want to physically hold gold, visit a local coin shop, and tell them you are interested in Krugerrands, Maples, or Pandas, all examples of "bullion" coins, valuable because of their metal content, rather than their rarity.

Grandpa

Answer 6

Gold is in demand so yes it is holding its value, so long as you sell when the value starts to drop it would be a good investment.

Answer 7

Hello,

(ANS) Its a well known & recognized fact that Gold Metal holds its price unlike any other commodity (substance) and this is especially true in times of economic turmoil, chaos, crisis or war. Everything else financially may be going up, down, sideways or stagnate but gold ALWAYS holds its value no matter what.

**NOTE: If this wasn't true why else would the British Government & the Bank of England have several massive basement rooms stacked floor to ceiling with solid gold bars i.e. Millions of £ in pure gold. The UK has a Gold Reserve its especially to guard against economic hard times or chaos.

**I think the current gold price is £1,000 an ounce at the moment. This is a the highest its been for several decades and shows no signs of falling at present. So gold is seen as a good investment still.

**The more the chaos & turmoil the higher the gold price goes.

Ivan.

Answer 8

Your question should have been this:

"What should I do so that the value of my money can keep up with, and even do better than inflation?"

In hindsight, anyone can say that gold went up (or down) by this much, hence they think it will do the same in the future. No one knows what the market will do next.

Not one asset class can guarantee a good return over time. You might want to diversify and allocate part of your portfolio to different assets, or find a money manager you can trust.

Good luck!

http://jsforex.blogspot.com

Answer 9

If you are talking of returns for investment, gold is not a good investment as such. At the moment, it is safer to invest in shares of blue chip companies.  

Answer 10

But don't buy gold from your local jeweller, you need to buy it from a proper gold dealer.

Answer 11

I'd say that at the present time silver is a better investment than gold.  Because silver prices have recently gone down a lot more than gold prices.  And now you can buy silver for a much better price than you can buy gold.  

I'm not sure if inflation will be a big problem during the next 10 years.  But the economy probably will have some serious trouble for a long time.  And during such times people often put some of their savings into precious metals, including silver.  The price of silver probably will go up substantially during the next few years.  Although there is no guarantee that this will happen.