gwwatsons


I have some spare cash from an inheritance and was wondering if I should invest in property or maybe put this money into gold. Wondered if anyone had made investments in gold or knew anything about this investment?

4 Responses to “Has anyone invested in gold or Kruger rands and know anything about this investment?”

1. Dr. Deth on January 30th, 2009 6:41 am

   gold is historically high priced currently – more of a chance to go down than up

2. kate on January 31st, 2009 10:49 pm

   Gold , like any commodity goes up and down ,

   Click on the 5 and 10 yr charts to see the price movement ( those are 1 troy oz prices )
   Just went over $700 again recently . . .

   You can buy gold coins , like the American Eagles at coin dealers listed in the yellow pages .

   >

3. Smartass on February 2nd, 2009 1:50 am

   I have, well, actually silver more than gold. In fact most of my money is solidified in precious metals.

   If you’re not sure where to start, I think American Eagles (gold or silver) should be an easy place to start.

   eBay is the best place to buy, ask me any other questions. I’ll leave a source link as to why silver works better than gold for me.

   Investing in property, however, is not a bad idea but you should wait until foreclosure bubble explodes (soon). These two options are far away in initial capital, a house costs $100-400K, which means the downpayment is $10-50K. But gold costs $700 an ounce, you can’t buy much more than $10K at a time without worrying where to store it.

4. Tim B on February 3rd, 2009 12:14 am

   Buy Krugerrands for a low frills cost-efficient gold investment. [do you see the future of gold prices escalating drastically, or falling drastically?]

   Gold is at around $700 per ounce currently… Will market forces dictate gold in five years to be closer to $5,000 per ounce or $50 per ounce?

   [You be the judge]

   Gold prices thrive during economic uncertainty…

   Anyway expect to pay premium prices for any gold considered collectible pieces.

   Does this help any?

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