PeachyDay asked:
Is gold price too high to invest in now??
Question Details:Hi,
I am really worry about the inflation of USD.
So I am thinking of turning the USD i have into gold coins. I am not sure if this is a good idea.
Its more for safety than profit. But with gold being at $930/oz, I dont know if I will lose money if it go down again?
But then, I might also lose money if the USD get inflated.
So I am not sure which I should do. Invest in gold? or not?
Thanks
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{ 2 comments }
we could always vote ron paul for president
You should understand that the USD inflation can infact affect gold also and take its price up. The gold price being at a hight has got a little bit influence from the dollar inflation. If you have enough moeny i would advice buying a property like a plot or a house etc.