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Is investing in gold a wise financial decision?
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12 Contributors
in this discussion.
I think investing in gold is a wise financial decision.
I think it is a great idea to invest in gold. Gold will always be valuable, although the value will fluctuate. Gold is a precious metal, and it will always be precious. Many people like the look and feel of gold and it is a traditionally used for many occasions.
Yes FemaleTyron73I think that investing in gold is a wise financial decision, as long as it is part of a diversified investment strategy.
Historically, the value of gold has fluctuated a good deal. When other investments are not doing so well, often, gold will show a great increase in value. Alternately, when other investments, such as stocks and bonds, are doing well, gold and other precious metals may fall in value. So, while I agree that investing in gold is a wise financial decision, I think it should be paired with other investments for an overall positive wealth position.
Yes SuddenRashad84Given the uncertainty of currencies, such as the dollar and euro, gold is a sensible investment, as it always retains value.
Countries and businesses rise and fall, but gold, since ancient times, always retains its value. Therefore, in times of uncertainty, such as today, gold is a sensible investment, as it protects the owner from any possible collapse of the currencies, such as the dollar or the euro. While gold may go up and down in value, it will never completely lose its worth.
Yes EminentBennett93Gold is one of the few things that has proven to be a sound investment in this economy.
During this economic downturn, gold is one of the few things that has shown itself to be a wise investment. Traditional investments, such as real estate, have lost a lot of value in the past few years. Conversely, gold has grown in value since the beginning of the economic downturn of the past few years.
Yes TrainLockGold is one of the only investments that will never vary as much as a stock.
Investing in gold is probably the safest investment that can be made in these uncertain times in the stock market. Gold will never lose its value because people will always need it to buy expensive gifts. Even if the economy falls apart, the rich will still purchase gold. Stocks may fluctuate drastically, so gold is the best option at this time.
Yes M0r3InteriorI think investing in gold is a good financial decision, because it will always be a valuable commodity.
I feel that investing in gold is a sound financial decision. It is always going to be worth money. Since history has been recorded, there has always been top dollar paid for gold or gold products of any type. Gold has remained popular throughout the ages, and I am sure it will continue to do so.
Yes TickoCa22Yes, because I think Gold will hold it's value.
Gold is a precious metal that has many uses, both for decoration, and for technological devices. Gold is also a stable material that holds a stable international price and demand.
Yes Random47292Gold is one of the most profitable ores.
In the last decade or two, gold has skyrocketed in the market. Even though it has always been a precious metal, the value of gold has increased immensely. Investing in gold right now would be the ideal, because in the next few years, the price will probably double, if not triple.
Yes 54bIinkRede
Not exactly...
When one looks to invest in gold they should first look at the state of the economy and the value of the dollar. Then make there mind up.
No AnonymousInvesting in gold doesn't make any sense but buying gold is the best financial move you can make right now.
Will Rogers once said, "I am not so much concerned with the return ON my money as I am with the return OF my money". We buy gold to preserve the value and buying power of our money. Gold is purchased as a form of insurance against corrupt and incompetent governments.
No AnonymousNo, because gold is a bubble market right now.
Investing in gold is extremely risky right now. Gold has increased exponentially over the past few years. Gold may continue to rise in the short term but, eventually, it will crash, like the housing market bubble did.
No LimpingMurray93No, investing in gold may not necessarily be a wise financial decision because of its nature as being very volatile.
Gold, while having the potential to be a wise short term investment, goes up in value when the stock market and dollar go down. However it is very volatile, and its value can change very rapidly. Gold depends on the economy being in a slump. Just as well, if the stock market crashed, people would be trading goods for services and not using gold as the primary means of currency.
No R4yAnych
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