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-   -   Is it a good idea to invest money in gold/silver ? (https://gfy.com/showthread.php?t=255568)

DarkJedi 03-20-2004 10:04 AM

Is it a good idea to invest money in gold/silver ?
 
I think the prices on silver have been climbing steadily.
Is it a good idea to invest some availiable money into gold or silver ?

Giorgio_Xo 03-20-2004 10:07 AM

It would be smarter to play Silver and Gold production stocks. Frankly, China's massive growth is spurring copper stocks. A good long term play are Chinese building materials companies that trade ADRs on the NYSE.

B40 03-20-2004 10:08 AM

ADR's?

milambur 03-20-2004 10:55 AM

No, it is not a good investment at the moment, the gold and silver prices are only high (in dollar) because the dollar is low. As soon as the dollar goes up the prices will drop. Given that the dollar is at a really low level it is very probable that it will go up.

IPK 03-20-2004 10:56 AM

no you should invest your money in aluminum. i hear that shit is going to blow up

Trax 03-20-2004 10:57 AM

answer is NO
prices are at their highest point since what
13 years if im not mistaken
something like that
you dont buy when its that high

Ludedude 03-20-2004 11:00 AM

Quote:

Originally posted by B40
ADR's?
American Depositary Receipts = ADR. Depositary Receipts are negotiable U.S. securities that generally represent a non-U.S. company's publicly traded equity. DRs trade just like any U.S. security, alleviating certain obstacles associated with investing directly in the home markets of non-U.S. companies.

cayne 03-20-2004 11:05 AM

i wouldn't buy gold, because in europe many countries selling their gold-reserves, because they changed a law, which made it now possible to sell big parts of their gold.

shima 03-20-2004 11:39 AM

With Dow Jones loosing 500 points in the end of last week, and all the major stocks going down, what do you think will happen to USD? Invest into the Currency Market. :2 cents:

shima 03-20-2004 11:47 AM

Has anyone ever tried these HYIP programs?
http://www.gold-hosting.com/

Note: Gold-Hosting.Com has NOTHING TO DO with GOLD-DESIGN.COM ! :winkwink:

doornx 03-20-2004 11:55 AM

buy oil...do not invest in diamonds..bad long term investment unless you are wearing them yourself

Spunky 03-20-2004 11:57 AM

I don't think so...depending on how much you are willing to invest,I like banking institutions better

shima 03-20-2004 12:27 PM

Quote:

Originally posted by spunky1
I don't think so...depending on how much you are willing to invest,I like banking institutions better
The ones that give you 12% a year you mean?
Here you can double your deposit in a week. (Theoretically of corse) :)

twistyneck 03-20-2004 12:47 PM

No, don't invest in gold. Instead, stock up on the real currencies of the future: gasoline, ammunition, and cigarettes.

Spunky 03-20-2004 12:48 PM

Quote:

Originally posted by shima

The ones that give you 12% a year you mean?
Here you can double your deposit in a week. (Theoretically of corse) :)

I mean stocks...they always are growing... expensive but profitable:thumbsup

Alex Xe 03-20-2004 02:01 PM

gasoline! Best choice!

Maru 03-20-2004 02:13 PM

Oh man - I owned gold stocks 2 years ago. Sold them way, way to early. :( I think it's a little late to get in now.

The stock market as a whole:
Right now, small guys (private investors) are buying and big guys (institutuonal investors) are selling. Always a bad sign.

FreeOnes 03-20-2004 02:21 PM

yes you are definately TOO LATE.
Buy low, sell high. You will take way 2 much risk if you buy now.

LA Mike 03-20-2004 07:26 PM

Yes, "SILVERCASH" lol

FreeOnes 07-22-2005 04:06 PM

http://www.kitco.com/charts/livegold.html

1 Year Gold Chart: http://www.kitco.com/charts/popup/au3650nyb.html

azguy 07-22-2005 04:13 PM

I think that everyone should accumulate gold on a regular basis (certain % of your income/savings). Not necessarily as a money-making opportunity, but a way to preserve wealth. You just never know.

http://goldmoney.com/en/why-gold.html


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