In which should I have to Invest? New House or Gold?

Hi besthope44, i suggest you to read Robert T. Kiyosaki's books. The question is: Are you a good investor in property? Are you a good investor in gold? Because, if you are not good investor, than you should not invest your money there..learn first about property or gold if you are interest to invest on that. And, if you buy a new house and live there, then i think in this case the house is not an investment. If you rent the house to someone else so you can earn some money, then thats investment. Buy a second house -not a new one- is cheaper and smarter way to invest your money, IF you know how to buy a good one and in best location. Invest in gold, in my opinion, is more convenience, for it is easier in handling. You buy now, save it for years, and sell at higher price. I suggest you to buy gold bar, not gold jewelry. Gold and property are not affected by inflation, and the value tend to rise as year goes by. Hope it can help you with information you need..! :) Good luck!

Well It really depends on you. Luxury or investment? But ofcourse you can sell the house in the future but gold is much faster to sell and gold prices ofcourse will be higher in the future. If it was for me, if the house I am at is still enough for me family then i will invest in gold. But if the house is all broken down or not enough for me family then buy a house.

Here it seems it is better to invest to a house because everybody needs it. As to the gold, it is an extra luxury thing. And here the house price goes crazy as time goes by. The profit can be larger than the gold. I love China

Hi Besthope44, where are you staying if you do not have a house yet? If you are staying with extended family, then I suggest that you invest in gold first, and save up for a down payment of a house. If you have more cash upfront, you do not need to take a bigger loan. That means you can save on interest. It is hard for most people to save money. Whenever they see a large sum of money in the bank account, they are tempted to spend it. In this case, you can save money by buying gold and silver. Then you can sell away the gold and silver when the price is higher, and use the money for down payment of a house.

You should always be the one who makes a final decision on investing no matter what!!! Never let others tell you what to do. That being said let's consider a few things. All great people at investing know one should buy low then sell high. To do otherwise always costs. Let's compare houses and gold. Houses due to the financial crisis are at an all time low. there are many foreclosed houses you can get a great deal on. As soon as the market catches up the value of these bought houses will climb faster than average. Let's look at gold. The price has really rocketed up. There is talk like this could be a bubble. One could buy gold and the price could continue to climb pretty fast, however when the bubble pops, one better be very close to the door and get out or one could loose a lot of money. Pull up a chart on gold prices and see what happened at the last bubble. See how long it took to come back. So there you have it. The answer is really simple now. Isn't it.

If those are the only choices, I'd say, invest in gold. Robert Kiyosaki, author of Rich Dad, Poor Dad, says that the house is a liability, not an asset. He added that if your house is your biggest investment, then you're in big trouble. He explained that house does not add to you income column. It just incurs more expenses - mortgage, maintenance, utilities, etc. Whereas if you would invest in gold, you are expected to generate higher returns. Gold is a more stable commodity. Usually, when the market is unstable, traders go for gold. Remember the movie "Taking Pelham 123"?

I think you would be better off to invest in a home again. You will be able to enjoy it now. If you invest in gold, you may never reap the benefits that you are looking for if it takes too long to see the benefits.

Well, it is difficult to say. However, I believe that a piece of land, except for some extraordinary circumstances is a better option as it is a good worth of a real asset.Gold is a high now, but one cannot be sure of the future. Or may be a split investment may be good. Regards

I believe Gold is the best investment if done on right time, i am pro forex trader and I always invest on gold when it dips, like I bought it some 7-8 months ago when it was $1160 now its %1500, but this is not the right time to invest, so better go for a home and rent it out. :)

I suggest you must invest a new home or buy back your old home. You already have a stable good paying job, now its a perfect time to have a home for you and your family. That i think is the best investment as of now, a decent good shelter for your family. Good luck and God bless.