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Started By
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Investing in gold
Posted on 10/4/16 at 6:12 pm
Posted on 10/4/16 at 6:12 pm
I may be in the market to invest around $25,000 soon, and I need to know from somebody smarter than me if gold is something that will appreciate rather than depreciate? And if so, where would one go about finding $25,000 worth of gold? Is it a good investment ?
5
Posted on 10/4/16 at 6:28 pm to papasmurf1269
To be completely honest, if someone knew which way the price of gold would go, why would they tell you?
Posted on 10/4/16 at 6:39 pm to iAmBatman
I don't know shite about shite but I know the price of gold fluctuates but I would guess it's probably a pretty good investment. Money is always paper but gold is always gold
Posted on 10/4/16 at 6:42 pm to papasmurf1269
Historically it's not a good investment. I actually think it even loses to inflation if you go back hundreds of years.
You could probably do better trading it, in which case you'd buy something like GLD or the leveraged etfs that track it (this requires knowledge and probably luck).
If not as a trade, many people use it as a hedge against a possible bear market, but who knows when that'll happen.
Also, as a "rule of thumb," metals shouldn't comprise more than about 2% of your portfolio. So if you've got the $25k for gold, have fun...but there are far better ways to invest that kind of money long term.
A consistent dividend paying stock will likely destroy gold over 20-30 years.
You could probably do better trading it, in which case you'd buy something like GLD or the leveraged etfs that track it (this requires knowledge and probably luck).
If not as a trade, many people use it as a hedge against a possible bear market, but who knows when that'll happen.
Also, as a "rule of thumb," metals shouldn't comprise more than about 2% of your portfolio. So if you've got the $25k for gold, have fun...but there are far better ways to invest that kind of money long term.
A consistent dividend paying stock will likely destroy gold over 20-30 years.
This post was edited on 10/4/16 at 6:44 pm
Posted on 10/4/16 at 6:47 pm to bayoubengals88
Food for thought. Thank you
Posted on 10/4/16 at 10:26 pm to papasmurf1269
Gold is a good investment during market downturns. Last two downturns have seen Gold double in prices. However when market conditions are good, gold is not a sure thing. Definitely wouldn't invest all 25k in Gold.
Posted on 10/4/16 at 10:36 pm to iAmBatman
Why would they not telling? Would they be afraid he would buy up all the gold leaving none for them?
Posted on 10/4/16 at 10:59 pm to papasmurf1269
If you want a tangible asset you can physically possess, consider rare third-party graded US collector coins. NOT the current US Mint Gold Coins.
Make sure it's all pre-1933 dates.
Here's what one looks like-
Make sure it's all pre-1933 dates.
Here's what one looks like-
Posted on 10/4/16 at 11:17 pm to soccerfüt
Bit coins. 25000 dollars in bit coins. But wait till after the election when they dump from 600 to 300 and then buy a bunch. Cash in a year later.
Posted on 10/5/16 at 5:13 am to papasmurf1269
quote:When you find him, let me know. I'll buy him a Racing Form and take him to the Fair Grounds with me.
I need to know from somebody smarter than me if gold is something that will appreciate rather than depreciate?
Posted on 10/5/16 at 12:54 pm to papasmurf1269
quote:
but I would guess it's probably a pretty good investment.
not necessarily.
you can invest in:
gold mining stocks
gold ETF's
physical gold
gold futures contracts
This post was edited on 10/5/16 at 12:55 pm
Posted on 10/5/16 at 12:55 pm to Fat Bastard
Yea I'm in a good mining stock, EGO, been struggling though.
Posted on 10/6/16 at 12:22 am to windshieldman
I've been looking at the value of gold the past couple of days because they said the value was dropping on Yahoo. I've wondered about investing in gold myself and I went on lie and found out that Gold has only been valued at about 400 dollars an ounce for the last 30 years. The price of gold though skyrocketed to 12-14,000 dollars. If you had purchased 25,000 dollars it would be with a lot 78,000 dollars today.
That's the reason you see all of these gold mining shows on tv, the price of gold is way out of wack. IMO it will continue to drop the stronger the dollar gets and If Trump wins and we get anywhere near 3-4 percent of GDP growth then people will be selling Gold to get more liquid assets that they can invest.
That's the reason you see all of these gold mining shows on tv, the price of gold is way out of wack. IMO it will continue to drop the stronger the dollar gets and If Trump wins and we get anywhere near 3-4 percent of GDP growth then people will be selling Gold to get more liquid assets that they can invest.
This post was edited on 10/6/16 at 1:00 pm
Posted on 10/6/16 at 11:21 am to windshieldman
quote:
Yea I'm in a good mining stock, EGO, been struggling though.
I've got a GOLD ETF but use it as nothing more than a hedge.
Posted on 10/6/16 at 12:36 pm to Mud_Till_May
quote:
The price of gold though skyrocketed to 12-14,000 dollars. If you had purchased 25,000 dollars worth of gold in 1987 it would be valued at 25,000,000 today.
You might want to take a 0 off of the gold prices you listed. And if you had bought gold in 1987, you would have bought at around $400 an oz. It's currently at $1250, so your $25k increased to $78k, not $25 million.
Posted on 10/6/16 at 1:00 pm to Omada
Yes your right. I completely did my math wrong. Thanks.
Posted on 10/6/16 at 5:09 pm to Fat Bastard
quote:
you can invest in: gold mining stocks gold ETF's physical gold gold futures contracts
Gold mining stocks will be big winners moving forward as the price of gold/silver rises in the coming years. They have been some of the worst performers since 2011. They have been the best performing sector this year. I would stay away from GLD and SLV.
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