Is it good time to invest in Gold?

[tecfl18]

Gold market is changing. Is it good time to invest in Gold? What do you think?

 

[DavidsAwesome]

If u have money.

 

[foo2thabar]

It's always a good idea to invest in gold.

As in, have your savings exchanged with gold bars.

That way when America implodes you can bring it to Canada or something and still be ballin'

 

[Dynash]

It always is changing after a recession. Rip the poor of their valuable gold, which may be their last valuable resource. That's why I find all these damn gold buying companies so annoying.

 

[JasonS]

Gold is the most stable currency - that's how the world sees it - it's just just about ripping people, it's because all the world currencies were becoming unstable and gold surfaced.

It would have been good to buy gold say 5-10 years ago and sell it 6 months ago - but now it's a bit late. But it's a safe investment to invest out of recession and sell when in recession.

 

[Seraphim]

Yeah. The gold prices are way up because of the current economic conditions- it is a bad time to buy gold.

However it is a good time to sell it if you have some already.

 

[flashfango]

i do not think it is good time to inverst in gold at present.

 

[~ServerPoint~]

Yes. But only if that is considered as long term investment.

 

[cyberdesignz]

Hello,

Well I will go with "Ben" as he is right.

 

[Bossbuild]

Gold prices are at pretty much the highest point they have been in years. If you invest money in lots of gold, the price will go down and you will lose money. Your better of waiting until the gold market crashes again, then buy a load in bulk and wait for it to rocket back up!

 

[Eclouds]

Yup, the price of gold is high now however it wont stay that way forever. If you invested a few months back you'd have made some good money.

 

[Seraphim]

Incidentally the gold price dropped from $1364/ounce to $1337/ounce a few hours ago.

But it remains way higher than it was a few years ago, I kind of remember it being in the $800/ounce range.

Meaning sell it if you have it, but don't buy it right now you're getting ripped off.

 

[softaculous]

Yeah anytime its always good to invest in gold because the cost of gold are increasing day by day. You can make good money by investing in gold.