Bought some gold..

@dhawanbm (3705)
India
June 20, 2009 4:06am CST
I thought it better to buy some gold from the local dealer goldsmith. Its very benificial deal as you never know the rates of gold zooming up. Do you see it as an investment! say 100 gms or so!
2 responses
@goldeneagle (6775)
• United States
21 Jun 09
You have actually made a pretty wise choice in my opinion. The value of gold has increased tremendously over the last ten years or so. I would buy as much of it as you can afford to buy right now, because the prices are going to continue to increase. I would be buying it myself, but I do not have any money to invest right now. Gold is probably the safest investment opportunity out there right now, especially if you are planning to hold it for a few years as a long-term investment.
@rosedust82 (2074)
• Philippines
20 Jun 09
I think you have a good idea in buying gold instead of other things. I believe the price of gold goes up every year and it's a good thing to stock up on gold jewelry. I remember buying a piece of jewelry and later on selling it at a higher price since gold, during the time I sold it, was pretty high. So yes, I do think it's a good investment.