Yield2Greatness asked:
The stock market, Bernie Madoff, real estate, the pitiful bond market/interest rates — it seems that gold and silver coins and bars is a good investment for the next several years.
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{ 4 comments }
gold never depletes in value so it is always a good time to invest!
I like to think of it this way. What the heck does anyone actually use Gold/Silver bars for other than Jewellery? It does not make sense why the demand/prices fluctuates so much based on its simple use. If the economy is deteriorating, then who is going to head out to Tiffany’s to buy some gold/silver pieces. In Canada, Birks increased their prices to offset the costs for Gold and Silver which was not insignificant and deterred a purchase.
I just don’t understand how it is all tied to the economy when I think of it in common sense, so for that reason I say leave those precious metals alone. If I don’t understand it I leave it…unless you undertand it of course.
gold. I go panning for it way up in New Hampshire.
Gold’s historical rate of return is rather low. One might wish to be a gold speculator, but gold as an investment is a pretty poor bet.