Is It Time To Start Buying Gold?
With the bad economic conditions, the stock market has gone way down over the last couple of years. One would have though that the price of gold would would have gone up during that time as people usually buy gold as a hedge against hard times. Gold is the one thing that can be counted on to never go to zero and it is seen as an insurance policy in case things get dicey and that they are right now.
One of the reasons why gold has not risen is because many hedge fund managers are having to cash in their gold positions to pay off all the other failing investments they have made. People have been trying to get out of stocks for over a year now and these fund managers need to get money from somewhere. This has made it necessary for them to cash in some or all of their good investments such as gold. Is this a trend that will continue or will gold start to rise again this year?
Gold has held up pretty well during this time period but it just hasn't gone up like you might have thought it would. Will it continue to hover around the same price of will the massive amount of new dollars the treasury is going to pump into the system make gold start to rise again? So many companies are getting bailouts from the US government that one has to wonder how much the dollar is going to be worth. Is it time to start buying gold?
With all the things going on in the world, gold might be a smart place to put some. The stock market is very unreliable and interest rates are practically at zero. This leaves very few options of where to safely invest money and get some return. Gold has always maintained its value over thousands of years and it is probably a pretty good investment. It must be noted that gold is not for everyone and you should probably not put all your money in it but a portion of your assets in gold right now might be the correct play.
At least you can be sure that the price of gold will not go to zero and you can look through history to see that. Gold can always be counted on for value and in this difficult economic time, it is no different. The future is more uncertain than ever before in our lifetimes and we don't know whether we have seen the worst of it or whether more is to come. Gold could be the right investment choice for the remainder of 2009. - 23200
One of the reasons why gold has not risen is because many hedge fund managers are having to cash in their gold positions to pay off all the other failing investments they have made. People have been trying to get out of stocks for over a year now and these fund managers need to get money from somewhere. This has made it necessary for them to cash in some or all of their good investments such as gold. Is this a trend that will continue or will gold start to rise again this year?
Gold has held up pretty well during this time period but it just hasn't gone up like you might have thought it would. Will it continue to hover around the same price of will the massive amount of new dollars the treasury is going to pump into the system make gold start to rise again? So many companies are getting bailouts from the US government that one has to wonder how much the dollar is going to be worth. Is it time to start buying gold?
With all the things going on in the world, gold might be a smart place to put some. The stock market is very unreliable and interest rates are practically at zero. This leaves very few options of where to safely invest money and get some return. Gold has always maintained its value over thousands of years and it is probably a pretty good investment. It must be noted that gold is not for everyone and you should probably not put all your money in it but a portion of your assets in gold right now might be the correct play.
At least you can be sure that the price of gold will not go to zero and you can look through history to see that. Gold can always be counted on for value and in this difficult economic time, it is no different. The future is more uncertain than ever before in our lifetimes and we don't know whether we have seen the worst of it or whether more is to come. Gold could be the right investment choice for the remainder of 2009. - 23200
About the Author:
Are you interested in finding out the price of gold for dummies? If so, please visit my website Current Gold Price.
posted by X - Men @ 1:42 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home