Is it the right time to invest in gold?

Geopulse

Do you think it is the right time to invest in gold? If yes, how to approach for it?

Lokolo

If you are from the US then it's likely this is the wrong site for you.

Masomnia

Be careful, and do your own research.

http://uk.reuters.com/article/2011/05/17/hedgefunds-holdings-gold-idUKN1662873620110517

dunstonh

Geopulse wrote: »

Do you think it is the right time to invest in gold? If yes, how to approach for it?

If you have a TARDIS then it is the right time but then it always would be.

DiggerUK

Geopulse wrote: »

Do you think it is the right time to invest in gold? If yes, how to approach for it?

In my opinion yes, it's the safest place to protect and invest ones savings.
Go and buy some physical.....or maybe some miners....or go for junior explorers, ......or whatever.

cashbackproblems

You might have missed the big gains but yes as a long term investment its as good/risky as any investment, personally i would say go for it.

I got a 24carot gold chain as a present 5/6yrs ago and they paid about £150 and recently got it valued at about £800-900!! Then was the real time to buy!

mike88

If you live in the US then you clearly have not been watching your TV. Many stations including Fox, NBC, CNN and CBS have saturation advertising encouraging people to buy gold presumably in order to ramp up/stabilise the price whereas most experts interviewed suggest that gold is likely to decline as the dollar recovers. Now is not the right time to buy gold.

ruperts

It's all a big pump and dump in my opinion. Unprecedented in scale and level of involvement, it's taking advantage of the new financially aware but often still naive public.

Gold is not a particularly useful material. The price is being driven high by nothing but demand which is being driven by these marketing campaigns.

Almost everybody is a shoe shine boy promoting gold at the moment. Even my 11-year-old nephew wants to buy gold.

Any minute now the big boys will pull out in coordination and the price of gold will plummet through the floor.

lvader

Soros pulling out hasn't really affected the price, the thing that gold has in it's favour is the popularity of gold in the 2 biggest emerging markets, India and China. China also has a very long way to go in terms building adequate gold reserves as part of it's foreign reserves/currency strategy.

JuicyJesus

ruperts wrote: »

It's all a big pump and dump in my opinion. Unprecedented in scale and level of involvement, it's taking advantage of the new financially aware but often still naive public.

Are the public now financially aware? Not as far as I can tell; most now just think they are because they've seen a few adverts for finance-y things and that nice Mr Lewis has told them about some things on GMTV. They don't actually know anything, but they pretend they do.

There's no new financial awareness, just hubristic ignorance, pointless anger and antipathy towards the financial sector and the naivety you mention. All of which combine to make someone a perfect sucker for an investment scam that markets itself as "a secret the banks don't want you know..."

Poshbird

cashbackproblems wrote: »

You might have missed the big gains but yes as a long term investment its as good/risky as any investment, personally i would say go for it.

I got a 24carot gold chain as a present 5/6yrs ago and they paid about £150 and recently got it valued at about £800-900!! Then was the real time to buy!

Yes might have missed the big gains but still will go higher.

This is a good leaked phone call from some very big names with some good questions and answers.

http://www.youtube.com/watch?v=elzmzwaicl4&feature=fl_lolz&playnext=1&list=FLU1yUXV8AX10