Quote:
Originally posted by Dcat
Yes, I agree. Gold is a lousy investment in general. The prices have remained at about $400/ounce for the past two decades. Buying gold now would definitely be the wrong thing to do. Gold is now pushing $450/ounce, and will rise slightly in the wake of rising inflation (as people buy it up as a hedge against inflation), but it will peak soon, and will be on the downslide again back to where it likes to rest at about $400/ounce. Factor in the fee's to buy it, the fee's to sell it back, and you will at very best break even.
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with the GLD etf the cost to trade it is $9 bucks I bought a lot of it for 9 bucks in 9 bucks out..