Do you think it is a good time to purchase gold coin right now?
By kingparker
@kingparker (9673)
United States
June 10, 2010 4:30am CST
Gold can be valuable over time, especially during economic turmoil and war time. Money bill can be devalue over time, or depend on from country to country. The situation can be different. From the advertising on TV, people suggested it is a good time to purchase gold, but I after done some research on the gold market, the price on gold is pretty high right now. $1200 for an ounce, something like that. Do you think it is the time to purchase gold coin?
2 people like this
7 responses
@oldchem1 (8132)
•
10 Jun 10
All I know is that it is not a good time for me to buy gold - I've got no money!!!!
The price of gold though does seem very high at the moment so I would imagine that the time is good to buy, but don't quote me, if I knew what I was talking about on these matters perhaps I would have
some money!!!!
The price of gold though does seem very high at the moment so I would imagine that the time is good to buy, but don't quote me, if I knew what I was talking about on these matters perhaps I would have some money!!!!@coolcrux1 (141)
• India
10 Jun 10
Very good humor very much liked the content of your message. But tell me if you would have the money, would you have really buy the gold this time
@Professor2010 (20162)
• India
24 Jun 10
Here in india price of gold rises every month, in my opinion it is one of the best things to put money in gold, i bought 100grams of pure gold in February this year, by the time it has gone up again..
Thanks for sharing.
Welcome always.
Cheers.
Professor
Cheers.
Professor
@coolcrux1 (141)
• India
10 Jun 10
I don't think this is the right time to buy the gold only in terms of the price of gold is very high. But if you are investor and looking for investing the money than gold can be considered but on very short time. The reason why gold prices are hiking because people are not trusting on companies shares, they want raw material.
@srganesh (6340)
• India
10 Jun 10
If you like to spend your money as an investment then gold is the right choice as it is the Universal currency.But if you are concerned about seeing profit in the near future,then stay away for some time.Once the share markets stabilize,gold value will decrease a lot.
@GADHISUNU (2162)
• India
10 Jun 10
The price of Gold in India is at an all time high. There ws never a time when one could say Gold prices had come down, as far as India is concerned. I do however agree that buying Gold as an investment makes lot of sense though if it is not a safe county to hoard gold, i.e. if the law and order is pretty bad it is easily stolen.I almost though of buying, but desisted. I think I must pull up resources and buy.
for its beauty and value. But I don't think it's a good time to purchase gold, the price is too high now. I'm waiting for the time it fall down.
@sherielapjat (169)
• India
10 Jun 10
i think it is not. definitely there wouldnt be a big difference but you can save some money when you are going to buy gold in off season.now the gold buying is too not a wise idea as there are a lot of other options like platinum and also diamond
