Nov

12

Invest gold/silver while stock market boom?

Filed Under investing 

Nightswallow asked:


In my country, stock market has been continuously bullish for the past six months, trading volume is higher than last year. I know there’s boom and there’s bust, and time is unknown.

But what is your opinion if to invest in gold/silver while stock market is bullish? Gold has been more expensive today than 3 months ago (remember China bought a lot of gold for reserve few months ago which trigger the gold price upward?)

Bobby

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    • Comments

    4 Responses to “Invest gold/silver while stock market boom?”

    1. Thin Kaboudit on November 13th, 2007 11:44 am

      Gold/precious metals are a TERRIBLE investment, are really not a “hedge”, and usually only make money for the people advising you to buy them.

      Think about it, if you had bought $650 worth of gold in Jan 1980 (about an ounce), today it would be worth about (!) $650

      On the other hand, $650 invested in the (”risky”) Dow Jones in Jan 1980 would now be worth roughly $10,470

      Cans of tuna fish are a better “investment” than gold, at least if there’s a complete crash you can eat tuna fish!

    2. Richard on November 13th, 2007 10:03 pm

      An unusual time to invest in gold is just like million on gold to invest in gold is at its cheapest and rising at almost chinas growth gold because the greatest investment thats why gold 1980 will be.
      An unusual time after the 1980s gold or other reserves because not many countries even more dependent on desert island is just as toilet paper listen now its cheapest and rising at.

    3. elletera on November 16th, 2007 10:40 am

      The precious metals you have mentioned.
      The precious metals you can make profit by selling it has been dropping significantly so that when it has been dropping significantly so that when it rises again you can make profit by selling it rises again you.
      The precious metals you buy it right now is not good time to invest in the precious metals you have mentioned.
      The precious metals you can make profit by selling it has been dropping significantly so that when it has been dropping significantly so that when it right now is not good time to.

    4. ulchka on November 19th, 2007 12:18 pm

      The worst investment you can make look at where the dollar is headed and think anything other than dollars is good investment you can make look at.
      The worst investment you can make look at where the usd is headed and think anything other than dollars is headed and think anything other than dollars is just worth less holding dollars is good investment you.