Has anyone invested in gold or Kruger rands and know anything about this investment?
- 4 Comment
I have some spare cash from an inheritance and was wondering if I should invest in property or maybe put this money into gold. Wondered if anyone had made investments in gold or knew anything about this investment?
Sphere: Related Content4 Comments on this post
Trackbacks
-
Tim B said:
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?
July 10th, 2009 at 8:07 am -
Dr. Deth said:
gold is historically high priced currently – more of a chance to go down than up
July 10th, 2009 at 8:07 am -
kate said:
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 .
>
July 10th, 2009 at 8:07 am -
Smartass said:
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.
July 10th, 2009 at 8:07 am