Does Gold always go up in value? Say you have 30k in random stocks would that be a smart idea compared to buying 30k in Gold? And if Gold is the better option how long would you have to wait to notice a significant ROI?
Question About Gold
- Thread starter WickedSick
- Start date
No, gold does not always go up in value. Technically speaking gold holds the same value for the most part, it is fiat currencies that go up and down. 1 ounce of gold can always buy a nice business suit or a steer. It has had the illusion of going up the past 10 years because US Dollars have been going down. It takes more US Dollars to by an ounce of gold today than it did 10 years ago because US Dollars are worth less. It's not so much that gold goes up as it is that your US Dollar goes down. There are other factors, but this is a main one.
Gold isn't like stocks where you buy into a business. With gold you are trading currencies, similar to buying Euros or Japanese Yen. Whether or not 30k in stocks is better than 30k in gold is based on a ton of factors and nobody really knows, you read up on things, do your homework and make your best educated move.
Gold isn't like stocks where you buy into a business. With gold you are trading currencies, similar to buying Euros or Japanese Yen. Whether or not 30k in stocks is better than 30k in gold is based on a ton of factors and nobody really knows, you read up on things, do your homework and make your best educated move.
Silver is rarer, and has far more applications, so realistically it should be worth more than gold. But like anything else, something is only worth what someone else is willing to pay.
Gold is great during depression and recession times like the ones we are currently going through, but like slayer said, its always best to do your own research before investing in anything.
lol I hope your knowledge of aff marketing is much strong than that of the capital markets. lol
Gold is simply the most marketable commodity in history, has a history of acting as money and was the basis of the fractional reserve lending system that was pioneered by the money changers that became the Rothschild family.
In terms of always going up in value, no.
Gold is used as a reserve currency by many of the world's banks. Buying gold should be used as a wealth preserver, not a speculative investment.
Gold doesn't go up or down in intrinsic value, it's everything else that inflates or deflates around it.
Who the fuck puts any amount of money in random stocks?
And who the fuck thinks gold is a guaranteed investment with a predictable ROI?
Stupidest question of the year for sure.
EDIT: Bro, just thought of a great investment for you. Brietlings are going up 15% in November. Hollla.
EDIT2: Yeah, just listen to what Dullspace said.
And who the fuck thinks gold is a guaranteed investment with a predictable ROI?
Stupidest question of the year for sure.
EDIT: Bro, just thought of a great investment for you. Brietlings are going up 15% in November. Hollla.
EDIT2: Yeah, just listen to what Dullspace said.
I've heard times like these make millionaires, and real estate has probably made more people rich than anything.
Not sure what you might get for 30k.
As for gold, its high for a 10 year look, so not sure if the timing is right.
Not sure what you might get for 30k.
As for gold, its high for a 10 year look, so not sure if the timing is right.
Yes... Investing in Gold would be a far better idea than investing in a "random stock"..
And you can never guarantee an ROI on a commodity or stock.
I would suggest buying a few "non-random' stocks (tesla?), a few ounce of Gold, and a few long term bonds. Or better still a well diversified Mutual Fund.
These will not guarantee you an ROI, but you do stand a better chance of getting an ROI.
"Please don't invest in "random" anything."
Solar technology and Lithium Cell technology are my favorite now. And Apple.... Shit Man.. People are lining up to Cell Phones that does not receive cell phone signal.. That beats any research
eh...
EDIT: LoL at FTC-Hater... Exactly what I was trying to say..
silver is not more rare than gold. It used to be that gold was approximately 10 times as rare as silver. It is now that gold is approximately 6 times as rare as silver.
you are correct in your point though. ultimately silver is "should" be more undervalued at current prices because of a number of reasons (industrial use, rarity, historical trading ratios, reserve amounts, etc).
That said
2009 Close June 30, 2010 Close 2nd Quarter YTD
Gold $ 1,087.50 $ 1,244.00 11.52% 14.39%
Silver $ 16.99 $ 18.74 7.09% 10.30%
Unfortunately even since last year (when i bought a bunch of silver) , gold has outperformed silver. I believe this is due to more speculation being present with gold. As I have bought silver as a hedge against inflation, this does not bother me.
I'll see if I can find the source I read on the rarity of silver, but it had something to do with the fact that silver is consumed in industrial applications, but Gold is almost always recycled - therefore although gold was rarer in the ground, based on our usage of the two metals, there is less silver available to buy than gold.
I found an interesting video explaining it, but I don't know who these guys are so I'll try to find some other sources:
[ame="http://www.youtube.com/watch?v=pVYeQwgYArA"]YouTube- Broadcast Yourself.[/ame]
Gold is for chumps.
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