Is Gold a Good Investment?
By bobby_12620
@bobby_12620 (1099)
India
June 22, 2009 9:10am CST
Gold has always been seen as a permanent currency, it is non-perishable and durable and it's value has always been recognized especially in times of economic turmoil, such as during the great depression.
Now more than ever in today's financial crisis, many are investing in gold as a safe option
3 responses
@oyenkai (4394)
• Philippines
24 Jun 09
I do believe that gold is a better investment as compared to keeping money in the bank, etc. Gold's value has never really dropped - even as the stock market prices drop, gold continuous to rise. It's still one of the most important market leverage.
Places like pawnshops in particular are doing well because of the economic crisis not because of the "loans" they provide but also because the current gold they hold are increasing in value.
Thanks for the response on my discussion :)
@geniustiger (1694)
• Philippines
22 Jun 09
Yes thats true , it is a kind of good investment of
everyone.Whatever happens to the value of dollar still
gold is there. And if it happen the value of it high
and high so we can have money of it later on.
As the years go by , the value of gold also increased.
So this is the best thing to save forever.
