Would you invest more on gold?
By kingparker
@kingparker (9673)
United States
May 15, 2010 11:50pm CST
According to survey, there are more people investing or buying more gold in the recent years, due to recession effect, and the recent European, Greece economic difficulties. Some people even take out their IRA savings and invest them all in gold coin. As matter of fact, the price for per ounce of gold is in rising, but for a piece of advice, we shouldn't investing more than 10% of our saving in gold. Maybe some people lack of confidence on our government during economic hard time. So, would you invest more in gold nowadays?
2 people like this
5 responses
@Professor2010 (20162)
• India
23 May 10
In my opinion it is the best form of investment, safe, price will never fall,
Thanks for sharing.
Welcome always. 
Cheers.
Prof
Cheers.
Prof
@ketping8889 (302)
• Saudi Arabia
17 May 10
Yes. As most investors has always regarded gold as a hedge or safe haven against investment market declines, currency failure, inflation or burgeoning national debts.
@cheongyc (5072)
• Malaysia
16 May 10
The commodities price is cyclical as well. So, it has its up and down side at times. Therefore, I won't invest all of my money in the gold. I will invest some but I consider that it would be too risky to go all out on the gold. Same applies to other investment strategy. As the saying goes: "don't put all eggs in one basket".
However, in short term, investing in gold is profitable. But in mid term, it might or might not. But if you are investing for long term, then I would say that it still can preserve the value by countering the inflation effect.
@ifa225 (14460)
• Indonesia
16 May 10
i prefer to say yes. Gold is easy to resell than land. while saving money in bank, the fluctuation of the amount make me disappointed. say i have 100 that can buy 1 gr of gold, but because the fluctuation 100 only can but 0.5 gr of gold. so it is safe to invest in gold.
