I have some spare cash from an inheritance and was wondering if I should invest in property or maybe put this into gold. Wondered if anyone had made in gold or knew anything about this investment?

 

  • Tim B 2:59 pm on December 23, 2009

    Buy Krugerrands for a low frills cost-efficient gold investment. [do you see the future of gold prices escalating drastically, or falling drastically?]

    Gold is at around $700 per ounce currently… Will market forces dictate gold in five years to be closer to $5,000 per ounce or $50 per ounce?

    [You be the judge]

    Gold prices thrive during economic uncertainty…

    Anyway expect to pay premium prices for any gold considered collectible pieces.

    Does this help any?

  • Dr. Deth 3:00 pm on December 23, 2009

    gold is historically high priced currently – more of a chance to go down than up

  • kate 3:00 pm on December 23, 2009

    Gold , like any commodity goes up and down ,

    Click on the 5 and 10 yr charts to see the price movement ( those are 1 troy oz prices )
    Just went over $700 again recently . . .

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

    You can buy gold coins , like the American Eagles at coin dealers listed in the yellow pages .

    >

  • Smartass 3:00 pm on December 23, 2009

    I have, well, actually silver more than gold. In fact most of my money is solidified in precious metals.

    If you’re not sure where to start, I think American Eagles (gold or silver) should be an easy place to start.

    eBay is the best place to buy, ask me any other questions. I’ll leave a source link as to why silver works better than gold for me.

    Investing in property, however, is not a bad idea but you should wait until foreclosure bubble explodes (soon). These two options are far away in initial capital, a house costs $100-400K, which means the downpayment is $10-50K. But gold costs $700 an ounce, you can’t buy much more than $10K at a time without worrying where to store it.

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