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investing in silver/gold question

D

dk dogs

New member
I was thinking about investing in some silver-gold. I was wondering your thoughts about it? It sounds like a good investment. I have a couple thousand to work with that I want to invest. Open for thoughts

Thanks,
Dave
 
I'm not a financial adviser, but I think that it would not be wise at this time. Gold prices are high now, so you will be buying it at a high price. When your ready to sell it, chances are the going rate of gold will be lower than it is now, so you will be losing money. You could wait until the price is high again to sell, but then you will be breaking even. All of the commercials you see on TV about buying gold is because the seller is attempting to make more money by trying to convince you to buy it at an inflated price. I'm not up on silver prices, but it generally follows the same upward and downward trends as gold.

Chuck, ky posted that the stock market is a better choice and he's probably right, since it's not a bull market right now, you won't be buying at an inflated price. The general idea in these types of investments is to buy low, sell high.

Good luck.
 
A lot of experts are predicting that gold is going to be selling for $2,000 or more an ounce within the next 1 or 2 years..you can buy gold or you can invest in gold mining stocks - either way - could make you money.....myself, I have chosen to buy some mining stocks.

BTW keep in mind that silver is another precious metal that will also be on the rise in the same time frame....buying silver rounds is not a bad idea either
 
Gold is waaaayyy over inflated right now bc of the economy we are emerging from. Silver is a little better but now is the time to put your money in the market. Its a great time to find gold though!
 
Look up stock SA on the market and see what you think.. Works for me...

Chinese saving bonds might be a good idea if you know where and how to get em.....:rofl:


Remeber what you paid for this advice and treat it accordingly.:nopity:
 
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