WIth US Dollar down should I buy Gold?

Question

I know gold is high but won't it just get higher? I'm worried about inflation and my savings.

Answer 1

I know gold is high but won't it just get higher?

If you think all investments only go higher, with never a downturn or corrections, this is a good premise.  I would of course, not 'make this leap'.

Answer 2

Yes you are right to be worried about inflation and your savings. I was the same like you. So I started a year ago to buy gold ,has it gone down ? But if I had held on to my paper dollars I would have lost 20% due to the deliberate devaluation of the dollar? If you want to play it safe buy 10% of all your money in gold, as part of your portfolio. As long as the dollar goes down and inflation, gold will go up and up.

Gold bullion is real, honest money...and, many say, the best form of money the world has ever known. It is a store of value and a safe haven in times of crisis. Gold is rare, durable and does not wear out in the manner of lesser metals (or paper!) when passed from hand to hand. A small amount, easily carried, can purchase a significant amount of goods and services. It is universally accepted, and can be easily bought and sold around the world.

Answer 3

it is the dollar that is going up and down, the value of gold is constant. read this to see what i mean.

http://www.gimmiegets.com/gold-bullion-f...

i suggest canadian maple leafs if you choose to invest to hedge inflation. they are the purest gold coins in the world.

Answer 4

Yes. (If you have at least $250,000.00 USD)

Answer 5

I don't know about dollar But as far as i know gold is in peak point ,i don't think it will raise more than these,we can't expect gold more than these,But surely there will be a chance of decreasing gold rate not suddenly but slowly.for furthere details see these < http://tinyurl.com/funnyrobo > for investing

Answer 6

You can fight inflation buying gold. But please dont expect to really enjoy the money, unless you really trade gold vs USD.

http://www.mnc2u.com/