Investing in Gold

[AmericanDream]

When the economy is weak, the price of gold soars. 1 troy ounce of gold was a little under $800 3 months ago. Now its $957 an ounce. Anyone been thinking of investing a big sum in gold. Like gold bullions and coins. Hold it for a a year and sell it. I was considering borrowing some money. But the price of would have to increase enough to pay off the interest of the loan and still yield a good return.

With a interest rate of about 8 to 10 percent, gold would have to go up about $200 per ounce to pay off interest and leave my wallet feeling a since of accomplishment.

Just an idea. Want to hear from some experts on it.

[Gaulkin]

fcx is the stock i own

p/e and eps is good

[BusinessAdviser]

Any basis for wanting to invest in gold besides the fact that it's gone up in price very quickly recently?

[Gaulkin]

I own it because we are running out of it and the demand will increase as it becomes in shorter and shorter supply.

[Aletheides]

IMO a recession is here and who knows how bad it will actually be.

Buy silver. It's easier to trade and not too expensive.

If the dollar keeps getting worse then you can expect your savings to be...well..worthless. This is of course a worse case scenario, but sometimes the worse happens.

[Gaulkin]

fcx is a gold, silver and copper miner so you get them all.

[AmericanDream]

Any basis for wanting to invest in gold besides the fact that it's gone up in price very quickly recently?

No, not really.

I'm a lil timid to go off into stocks. I rather own the raw gold itself. ie gold coins, etc. But it can be hard to trade, unless they are certified by ngc or pcgs in the case and everything.

[Wozo]

I think im gonna put some money on silver, when I got some. What Ive heard the usage of it is getting bigger.

[jprichardson]

I've been considering investing in Gold/Silver especially considering the looming recession. I'll have to look into FCX, thanks for the tip!

[phppoddotcom]

It is good for long term investment, like 40-50 years.

[jasaunders]

Gold is a horrible short term investment.
Plus, have you ever heard of buy low sell high? Why do you want to buy now that it is high?

[BusinessAdviser]

Gold is a horrible short term investment.
Plus, have you ever heard of buy low sell high? Why do you want to buy now that it is high?

Heard of WHAT?! I always thought it was buy high, sell low! Damn.

[Ahern & Brucker]

Gold is a horrible short term investment.
Plus, have you ever heard of buy low sell high? Why do you want to buy now that it is high?

I agree and you should listed to this guy...As an investment, buying gold now is simply nuts... especially if you are goingg to buy it on margin or (borrow to buy it)

I'd think it would be better to wait for it to go to 1100 and sell a couple gold future contracts and protect them with a few option calls... maybe.??? but if you are going to seriousely screw around with speculation, you need to make "that" your business.

the time to buy was when it was $300 per oz. now we are nearing the time to sell...

their is so much gold in the world and so much more to be mined that the price is not refelcting the raw value of the metal... if you want a better metal investment that doesn't have a lot of it's price built up in speculation, platinum is your metal.

[Gaulkin]

Its true, if you would of bought fcx at 80 like i did you would be great but i wouldnt advice getting in right now. Wait for it to come back down again.