Investing money during the recession.

DiggerUK

Bluey 890,
You ask about investing in gold. As I am a gold hoarder I'll give you a few pointers.
It is not a route to getting rich, any benefit comes from increase in asset value, and preservation of your wealth. It's main claim to fame is that you will never end up with a piece of worthless gold .

Past performance is no guide to future performance, and I have to say that after 5,000 years it's too early to tell.

The time frame you are looking at is also ideal, if you want easy access as a priority, then gold is the wrong vehicle for you. You need to hold for at least a year, possibly more.

After holding steady for a while now prices have dropped, sub 590, and buyers are hoping for more downside. Whatever you allocate to gold, avoid going all in at one buy. Like anything else of this nature you aim to buy on dips, averaging your way in mitigates the risk.

I am going to post on a gold thread to bump it up for you to have a look at.

It's not rocket science, but with a little research you can see if it is for you.

Best of fortune.