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
Xander Crews asked:
I’m finally about to get my career underway. I’m a pretty frugal person, so even though the initial pay isn’t fantastic I should be able to save at least $10,000 in the first year while I pay off all of my credit card debt and auto loan debt. From then on out it’s about 24k of structured student loans.
Each subsequent year, I should be able to save at least $20,000. So over the course of 5 years with a small amount of interest, I should have $100,000 saved. I would like to put this toward the purchase of a house. Hopefully the housing market will be stabilized and deflated by then so I can make a wise investment. (Yes, deflated.) See http://www.businessinsider.com/the-housing-chart-thats-worth-1000-words-2009-2
Here’s where I’m uncertain. The dollar is volatile, to say the least. If I hold onto my assets in the form of dollars, then my $100,000 in 2014 could have the buying power of 50k of today’s dollars, or even 20k or worse.
Would I be wise to convert the balance of my savings account into Euros? Can I even do that in a domestic bank, or would I have to open an overseas account? I’m trying to anticipate a solid way to save my money and maintain its buying power through thick and thin. I would be stupid to put money on a house before the upcoming Option-Arm housing crisis runs its course and the market loses another $1-2 trillion.
I’m even contemplating buying gold (not gold “investing” as you see on those commercials, but physically owning gold coins), but that comes with a whole other set of concerns for keeping it safe.
Nata asked:
If I don’t want to invest in GLD gold stock and simply want to
buy some real, plain gold, where can I do this in USA?
I want it to be a certified gold which I can sell
later, but not collectable golden coins.
When I used to live in a foreign country for a few
years, I was able to buy gold at any bank, for example
100 grams or more. They were plain pieces of gold
without any embroidery or decorations. They came with
a certificate which I could use to prove that it
wasn’t stolen.
I am not familiar how it is in USA. Maybe you know or
can give me information of how to buy plain gold in
US?
Thank you!
Marisa B asked:
Since the value of the dollar is going down I have been investing in silver and gold. But, i’m not sure which is better to buy. There are silver rounds, silver bars, and silver dollars (coins). Which one will hold its value the longest?
q a asked:
some people mention investing in silver coins, gold coins…how are they doing it…could someone please explain the process..i am assuming the logic is buy cheap and sell high…
so i guess the only way is to invest in mining companies
Carol B asked:
what is the safest way? Our brokerage has closed its gold accounts because of the “rush”. Should you go online? (Radio stations advertise certain websites). Visit a coin shop?
John_W asked:
I sold some old coins to a broker in NY and he told me politician from DC are buying tons of gold and investing in European banks.
And these are the people making decisions about YOUR money!
Green Pagan: You are an idiot.
TJ A asked:
I want to invest in the gold market. Where should I look. I want a place where I can cash in my gold whenever I feel the time is right.
