Do you consider to invest to the gold?

gold - a lot of gold
@youless (94410)
Guangzhou, China
April 23, 2013 2:54am CST
Lately the gold price drops dramatically. Many people think that this is a good chance and here some people buy the gold crazily. I wonder whether they are so rich and buy so much gold. It may not be a right time. And I wonder whether this is a good investment.
2 people like this
23 responses
@veganbliss (3901)
• Adelaide, Australia
23 Apr 13
Have you heard? What set the scene for this week’s big drop in the gold price were the EU documents that showed Cyprus had had to sell about 10 tonnes of gold to raise 400 million euros to meet its bailout conditions! That sale itself wasn’t such a big deal, but it was the precedent that seemed to be set: that if European countries got into trouble, they would have to sell gold to reduce debt. During last year’s euro crisis, gold fell instead of rising as expected because of selling by central banks and other investors trying to raise cash. And then there was the South China Morning Post interview with George Soros, published on April 4, in which he pronounced that “gold was destroyed as a safe haven, it has proved to be unsafe”. The final trigger for this week’s 'gold rout' were the weaker than expected data on retail sales and manufacturing in the US, on top of the 7.7% GDP growth number in China. That also affected industrial commodities, but for a different reason – that demand would fall. The reason it affected gold is that growth shortfall now evident in 2013 is undermining inflation expectations, which is what the gold price relies on. Our economists reckon inflation expectations have artificially inflated the gold price by US$300 an ounce, most of which has now come out of the price. But large open positions have now been liquidated and the gold price is likely to stabilise in the short to medium term as a result of jewellery demand in India and China responding to lower prices, as well as a cutback in mine production – also because of the lower price. But the great gold bull market looks to be over. The price peaked at US$1911 in September 2011 and had a final dying fling a year later. How far it could eventually fall in the long term is anybody’s guess because its value is completely incalculable. If people don’t think it’s a hedge against inflation and/or disaster, then it’s not. I don't invest in gold... it's just plain dangerous stuff!
2 people like this
@youless (94410)
• Guangzhou, China
24 Apr 13
According to my experience, if many people invest to the same thing at the same time, it will not work so well. As you will not see many rich people after all.
@jazel_juan (15767)
• Philippines
24 Apr 13
actually, if you are into business of gold, this is the right time to buy it..as like you have said the price is low, just like in stock market..and you wait till demand goes high and that is the time to sell them, thus giving you profit. Gold will always be in demand because it is scarce already. It may be low for now but sooner or later its price will go up.
1 person likes this
@youless (94410)
• Guangzhou, China
24 Apr 13
But nobody can ensure that this is already the lowest price.
@jazel_juan (15767)
• Philippines
24 Apr 13
Lol yes but if you are someone into the gold business you will definitely know if this is the lowest or a good price to buy.. in the business you have to be familiar with prices, it may not be the lowest ever but it may be low enough for you to earn money. Just like in stocks my friend.
@varier (5699)
• Indonesia
23 Apr 13
Investing money on precious minerals/metals is always a good investment for a long term. Because of its scarcity, it will never lose its value. Another good thing is you don't need to buy a lot of it, so it's also a good way for savings.
1 person likes this
@youless (94410)
• Guangzhou, China
24 Apr 13
I am not interested in this investment.
@varier (5699)
• Indonesia
24 Apr 13
You were wondered if it's a good investment and now you have decided that you are not interested in that. Oh well.
• China
23 Apr 13
actually i want to buy gold for investment too,therefore i went to the gold store last weekend.i found the gold price is nealy RMB350/Gram,and most of the gold store are depleted.finally i did not buy anything since i don't have enough money to buy a gold bar.buying gold ornaments is not worth for investment.what about you?my friend in GZ.
1 person likes this
@ryanong (9694)
• Vietnam
24 Apr 13
When the gold price goes down, i would like to buy but unfortunately i didn't have much money at that time, i just bought some grams only.. Right now the gold price is higher again...
1 person likes this
@youless (94410)
• Guangzhou, China
24 Apr 13
I don't want to buy gold anyway. Rich people are calm and they will not go to invest the same thing at the same time. By the way, I heard there is even no gold in the stores. But people still pay for it and then get the gold later.
@Zer0Stats (1316)
• India
23 Apr 13
Yes it is the best time.The price of gold is pretty low right now.If you own a demat account gold ETFs are the best form of gold investment.If you don't,choose gold mutual funds.Buying jewelry is a good decision but it doesn't look like a big investment to me.
1 person likes this
@youless (94410)
• Guangzhou, China
24 Apr 13
What else it is not the lowest price?
@Zer0Stats (1316)
• India
24 Apr 13
Yes it is the lowest and surely the best price to buy gold but you won't be making a descent PROFIT in gold jewelry instead you can invest your money in gold mutual funds or gold ETFs. I mean if you need a jewelry then buy it but don't buy it as a investment there are a more better options available for investment.
@RAJASB (109)
• India
23 Apr 13
Irrespective of dip or rise in gold prices, it's always advisable to invest in the gold as it's the best investment. GOld can be used as ornament and investment as well. Many people invest in Gold as the Gold price rises very quickly. It's always a safe bet to invest in gold.
@youless (94410)
• Guangzhou, China
23 Apr 13
Of course the price will be up at last. But who knows how long time you shall wait for it.
• Philippines
23 Apr 13
Thanks RAJASB for the advice. I just learn this now. Maybe when I have money to invest, I'll spent it on gold.
1 person likes this
• India
24 Apr 13
Gold is one of the best investment options. It is the most liquid investment as it can be mortgaged or sold for quick money in times of need. I also plan to buy gold, but as of now I do not have enough money to block in it. I currently need cash for my daily requirements and have just invested some money in government bonds. Will surely invest in gold within 12 months from now.
@youless (94410)
• Guangzhou, China
25 Apr 13
At present I haven't invested to anything yet.
@kokomo (1868)
• Philippines
24 Apr 13
In our province, jewelries with gold are in demand because people there are fond of using those. Even my father, he use to give us Saudi gold when he go home for a vacation. I guess they are just grabbing the opportunity right away and they will use it for investments in the near future when the price of gold will strike high.
1 person likes this
@youless (94410)
• Guangzhou, China
24 Apr 13
Here seldom people will wear gold stuff outside because the crime is serious.
@Ixodoi (445)
• Israel
24 Apr 13
Right now economy is very unstable. It move according you human physiology more than anything else. And if there is one thing that is consistence in human perception of economy is that human value gold as an expensive and safe investment. Right now gold drop because people fear that some government will sell their gold. Yet, as the economy is still unstable and USA is still in troubles - gold will climbed back, not just to its previous level but much higher. So yes I think investing some of your long term investment in gold is a good idea. Now make sure it is your long term investment money (since it might take a few months to go back up), and only put some of it - since you don't want to put all your eggs in one basket...
@youless (94410)
• Guangzhou, China
24 Apr 13
The investments need the patience.
• China
24 Apr 13
I don't know how much gold I need to buy if I want to make a fortune and I don't think I can afford that. So I won't invest in gold, I don't know anything about finance or investment, though gold is good. It often turns out to be wrong when you follow others, especially when they do things like crazy. :)
1 person likes this
@youless (94410)
• Guangzhou, China
24 Apr 13
I think it is not a good investment method to follow others.
@elmiko (6640)
• United States
24 Apr 13
if i was you then i would buy silver. when gold goes up silver also goes up at a high percentage. you could say silver is gold on steroids. be careful though as silver can also go down faster as well.
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@youless (94410)
• Guangzhou, China
24 Apr 13
You are smarter
@bintang9 (196)
• Indonesia
23 Apr 13
If I have much money I would buy the gold right now in cash. Buying gold actually not for looking for the benefit, but merely to anticipate inflation of the currency. In this time (the price of gold drops), because I don't have enough money to buy gold in a large amount, so I decided to loan from bank with the long period to return (about three years), and I can buy gold in a large amount with the lower price. This is my way to invest. Of course with considering the risk
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@youless (94410)
• Guangzhou, China
24 Apr 13
Like many people do.
• Slovenia
23 Apr 13
I have invest some money in gold one year ago. Its true that prices of gold is low now, but I am sure that will raise again. I think investing in gold is a long term investment. Now maybe its good tome to invest, because of low prices.
@youless (94410)
• Guangzhou, China
24 Apr 13
I hope you can earn more from it.
• China
23 Apr 13
In my mind,if gold do not worth to invest,then nothing worth to invest in the world,and only the gold is accept by all countries in the world and I think ont only in the old days of right now but also in the future gold will as a really money by all nationalities,so if I have enough money I think I will put plenty portion of it to gold investment.
1 person likes this
@youless (94410)
• Guangzhou, China
24 Apr 13
I don't want to invest to any markets which I am not familiar with.
@myl999 (2093)
• India
23 Apr 13
If you ask me and even just have some data about the gold prices for some years you will see that there is a continuous increase in the prices so it is a better option for investing..interestingly today I went to my jeweller shop to see that my mending work has been completed or not and I saw ladies coming and asking for gold bars because the price is decreased...so I think even the not so investment experts like housewifes if see this is working than its working I think.But unfortunately I do not have so much money to invest in gold...
1 person likes this
@youless (94410)
• Guangzhou, China
24 Apr 13
I am not interested in investment to gold.
@wolfie34 (26792)
• United Kingdom
23 Apr 13
That is providing you have a very safe place to keep it or store it? I have never been interested in Gold to be honest, or the investments of it, I would be worrying constantly that if I did have it, it could be stolen, or the price devalues. I do see a lot of places in town that buys old gold.
@youless (94410)
• Guangzhou, China
24 Apr 13
Even if keeping the gold in the safe in the bank is not so safe. Besides, it charges much and the safe case in the bank is very small.
@Angelpink (4022)
• Philippines
23 Apr 13
Gold is a very good investment because its price in the market is very expensive. In our country price is always going up and up , never was it known that the price of gold goes down. This is a good investment because gold doesn't undergo wear and tear . Gold is forever , won't shrink , decay or be spoiled.
1 person likes this
@youless (94410)
• Guangzhou, China
24 Apr 13
I shall check where you come from
@scubapro (1056)
• Gifu, Japan
23 Apr 13
in turkey people cant find gold in these days,yes its right. because everybody attacks it,buy it like crazy. i think if you buy anything too much,it drops its price.why people cant figure it out. so i think buying gold is not a good idea in these days,it can drop its price more. peace
1 person likes this
@youless (94410)
• Guangzhou, China
24 Apr 13
Same situation here. The store can't offer gold right now.
@williamjisir (22903)
• China
23 Apr 13
The price of gold has dropped a lot. Since our government is now dealing with the housing policy,some people with enough spare money are considering purchasing gold instead. It might be a good investment if you have some spare money as it is a good time for gold due to its low price. But I am not taking it into consideration. I am conservative in this regard.
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@youless (94410)
• Guangzhou, China
24 Apr 13
When people do the same thing crazily, there will not be a profit.
@mohkanari (1957)
• India
23 Apr 13
Yes "Gold" is reliable to invest for long term target at any time. Always expect some dips in value of gold and keep some funds to buy gold in dips. Then profit in short term too is possible by "averaging cost".
@youless (94410)
• Guangzhou, China
24 Apr 13
You are right.