Given that they retain their value in any economic situation…

Advice? Pros? Cons?

 

  • Franco 7:04 am on October 31, 2009

    Gold is good to buy now, if you believe war against Iran will come before too long. Then sell quickly and take the profit.

    But the best prospects are for platinum. It is used more and more in industry, eg in catalytic converters for cars, in jewelry etc, there is very little of it in the world and one day it will run out. There is only one way for its price to go!

    And if you take my advice and become rich, do not forget to send me a thank you message.

  • peter p 7:04 am on October 31, 2009

    gold has historically been a good hedge against inflation.
    your best bet is to buy the ETF that tracks gold (ticker symbol GLD) if you want to go that route….dont let some gold-broker scam you into buying gold coins or anything like that. way too illiquid.
    you might also want to take a look at the stock of gold producers…’yamana gold’ (ticker symbol AUY) has had a great run over the past year.

  • muncie birder 7:04 am on October 31, 2009

    I am not a fond believer in precious metals as an investment because their value is based much on speculation. But in my opinion the best way to invest in them is through the mining companies that mine them such as ABX, RTP, and the like. Maybe you might consider oil instead of precious metals. Just give it some thought. Demand it there and ever increasing. Supply is not keeping up. Oil companies pay fairly decent dividends also. Sort of the black gold.

  • Thomas M 7:04 am on October 31, 2009

    Precious metals have a place in your investment plan. But you should not invest more than 10% of your overall portfolio in them. The gold market has risen, but it is still only about 67% of the price in 1979. So if you bought then, you would never have seen the price come close to those highs.

  • Santosh 7:04 am on October 31, 2009

    Some of the best metals to invest are copper, nickel, gold, silver and platinum.