Is Gold a buy right now?
With so much uncertinty in the marketplace it is hard to figure out where you place your investable money. I have been looking at a few different areas…CDs, savings accounts, Real Estate. None of them really provide that great of a return right now.
A buddy of mine told me about investing in Gold and Gold bullion. I really don’t have any gold or bullion investing expierence but I do hear that gold and gold bullionis trading at an all time high …nice to hear that something is. The other good thing about gold is that, even if the value of the dollar goes down the value of gold should stay stable and maybe even increase in these cases.
You may want to buy goldor buy gold bullion if you want to hedge against inflation and against this down economy.
6 users resposed " Is Gold a buy right now? "
May 29 2009
Wait and watch in the current market.Price of the gold are moving randomly.Not right time to invest the money.
June 3 2009
Very nice post. Today every field is effected by the recession. All of us familiar with the condition of share market so we don’t want to invest money in this field also. So we have the best option is investing in gold.
June 5 2009
Hi,
Very nice post.
Thanks for the sharing.
June 6 2009
Hi,
Yes you are right that market is very unstable right now.
If you want to invest the money than gold is good choice for that.
June 11 2009
I am sure that the share market India, as depicted by the India market news can come up as a strengthened fact of the new economic system which will take over the economic crisis. The stock exchange news will see a new face of economic recovery with in the next few days.
June 15 2009
No one can make assumption on market totally unstable market, hard to say where to buy but gold may still preferable option, post much helpful for investor.