Invest in gold?

On December 12 2010 12:47 tx.zyclon wrote:
Over the times gold has been worth much to many. Sifting through the internet on the price of an ounce of gold it has gone up consistently every year for atleast 50 years. Going from 20 dollars about 30 years ago to 1450ish in 2010. Many economists say that with the falling of the USD that gold may be worth up to 50,000 in a short while.

If you guys had an extra 20,000 or even a 1,000 saved. Do you think it is a wise idea to invest in gold? Even if it doesn't go to 50,000 dollars, Even people 30 years ago who maybe spent 1000 dollars for 50 ounces of gold, can now trade it in for 70,000 dollars.







Curious to hear your thoughts.

On December 12 2010 12:49 n.DieJokes wrote:
Yea but at the rate particle physics is advancing what if in the next thirty years they come up with cost efficient ways to add protons to atoms, then you're boned

On December 12 2010 13:23 Chylo wrote:
Random people asking if they should buy some random investment on a website totally unrelated to investing is a classic sign of a bubble. Smart people were buying gold in 2003, not now when random kids on starcraft forums think it's a good buy. Could you still make money in gold and could it still go up more? Yes, but the risk is quite high.

Also buying gold is not investing, it's speculating. Unless you understand the difference you shouldn't be buying either investments or speculative products.