What is ur opinion on gold investment?

@fifi21 (15)
China
November 26, 2009 7:39am CST
Currently the price of gold is getting higher and higher for almost 3 weeks, it was incredible. Before i have bought some gold but unlucky sold them very early, otherwise i can make good investment. Can anyone tell me when is the good time to buy gold and what are the factors infecting this high demand on gold?
3 responses
@echomonster (2226)
• Greenwood, Mississippi
28 Nov 09
I think the high demand for gold is stemming from the huge debt that most so-called rich countries have. Just look at the "balance sheets" of countries like the United States, Japan, Germany and other EU members...if these were companies, they might be bankrupt. It will be very tempting for these countries to print money to pay off their debts and devalue their currencies in the process so people are increasingly buying gold (a tangible asset) to protect themselves from this coming inflation. The danger is no one really knows when the "debt bubble" will burst so investing in gold may not pay off in the near term. As long as there is so much government debt, though, investing in gold seems wise for the long term. I also think there's an opportunity to buy silver which hasn't increased as much as gold. It's also a tangible asset, though it has more practical uses as a commodity so it's not primarily a store of value like gold.
@SACHIN2708 (1634)
• India
26 Nov 09
well dear you can check price in market and after that you can make your deccsion that you should buy or not at this time but to invest on Gold is like share market,there is risk because there is no waranty that prices will go up well ,In investing the best way to invest on property because in that investment you will never get loss as I think
@TD_GURU (108)
• India
26 Nov 09
Actually investments in GOLD should be done rather than in companies as you can cash out GOLD at any time and as the market is growing day by day for gold it is surely going to increase revenue for you. It is considered as buy gold when there are no festivals, celebration times as GOLD have high prices at that time so consider buying at OFF seasons.