Is investing in Gold a good option?
By sreekutty
@sreekutty (1051)
India
October 18, 2011 4:58am CST
Currencies and bank policies are differing and market trends are also going up and down. Gold prices are rising only upward, so is it wise and best to invest in Gold?
12 responses
@SQD444 (677)
• India
9 Nov 11
hi....
its a very good decision that you decided to invest in gold... but the mistake ost people make is that they think gold is the safest investment and invest ain it with out taking into account the prices...try to accumulate at price dips and hold ... another thing most people do is they check their profit or loss status every now and then,,, in my opinion such investments should be given some time and investments should be done on a long term view to be a successfull investor
@scheng1 (24649)
• Singapore
18 Oct 11
Hi Sreekutty, who tell you that gold prices are rising only upward?
If you think that gold investing is perfectly safe, then you are very ignorant about gold price.
You can check out Kitco for current and historical gold price.
That is the international gold price, and you can convert to the currency in your country.
Bear in mind that the gold price is for raw gold, and not for gold bars.
Gold bars are priced higher because of the cost of making them, shipping them and storage.
@substance (585)
• India
20 Oct 11
Very much.. Gold and real estate are the only two things that is rising everyday....: Go for it
@marguicha (223776)
• Chile
24 Oct 11
I don´t like to invest in gold unless I have somewhere safe where to keep it. I invested on gold once and it was stolen. For me, right now, and if I can do it, the best investment is in houses as the prices are very low. I will receive some money soon and I´d like to buy a rundown property in a good neighborhood. That´s a good investment for me.
@vasumathi (436)
• India
20 Oct 11
In present situation, i think it is good to invest in gold. at the same time dont invest full amount in golg
@alienstar (5142)
• India
18 Oct 11
Investing in Gold is always a good option, but timing is very important. When we see gold rate rising, it is not the time to buy as we got to see its fall from the top and then pick it up after decent fall and looking into global scenario. Now when the whole world was facing financial crisis and stock market had also taken a deep cut, people started investing in gold which the say as evergreen investment.So, investing in Gold is really a wise decision and we only have to look into the proper timing of investing in it
@emine08 (1551)
• Indonesia
18 Oct 11
hi... i think it is the best choice to have some gold investment. as you know the price of gold rises every year. it means that you will get more advantages with this situation. if i have a lot of money i will do this investment. nice discussion...
@anusha2128 (886)
• India
18 Oct 11
Yeah that was a good option to invest money as gold is a precious and costly metal now a days....I think you made a correct decision...
@atulmalla (229)
• United States
18 Oct 11
Gold is the only asset that increases or decreases its value by significant amount in short time. And by observing the present condition, investing on Gold is one of the best ideas to earn profit.