Whats better to invest : Gold or CD account?

Question

Whats better to invest : Gold or CD account?

Answer 1

Gold is dropping and the CD is the best way to go. Buy the short term CD.

Answer 2

gold

Answer 3

Right now a CD would seem to be the best investment. Gold is on its way down after a huge run up. A CD is about as solid (if not boring) as you can get.  

Answer 4

If you account for inflation a CD is' nt paying anything the money is locked in and is backed by the government. The government is back by its debt . Gold is a valuable asset debt is not.  

Answer 5

WOW..... there's no comparison.  CD's are for the most conservative part of a portfolio & gold is for the most aggressive part of your portfolio.

The next issue is "Time Horizon".....  The CD you can lock into for a year etc... you get your money back in a specific time with specific earnings.  Gold... there's no clue to when your should take your money out & if you'll have a profit or loss.  You might have to wait 10-20 years or more to break even (if you had gold in the early 80's you wouldn't have broken even untill last year.

The next issue is "risk tolorence".... can you handle drops of 50% in the value of your investment?

Learn more about investing.  Without it... you'll do great harm to your money.