Investment in Gold

Hi Friend, I can tell you that gold is such an adorable piece of stone that is hard to get but earns one oa fortune once you get it. similar to diamonds the person who puts his health at risk and mines for the pieces is never awarded properly. a good example is in countries like DRC Congo, South Africa, Senegal, Siera leone, infact 90% of the worlds gold and diamonds comes from Africa. but look at how poor the people are? Gold is being used all over the world as a standard over currency[Gold Standard]. one can opt to store his currency in terms of gold instead of cash. a good example was the U.S DOUBLE EAGLE GOLD COIN, that the Federal Bank of America did produce for its citizens to use in the 1930s. but the huge depression that nearly placed Americas economy on its knees made the Federal Bank to recall all the gold coins and destroyed them and kept the residue as gold bars. After a long transverse between Africa and Europe as it was getting stolen every now and then. Look at the IAAF Golden Jackpot to its athletes who manage to win seven races in the IAAF tournament circuit within a year; one gets Gold Bars worth $1.0M as a price. now SONY are giving away 30 Gold Coins in my country in a competition that people have to buy LCD HD TVs once stands a chance to win them. Its even a way of awarding people. my dad on his 25th anniversary as a worker for BAT he was awarded a Gold Seiko Watch with a certificate set on tiles fixed in a golden frame. I know of a place in my country where people get to mine gold and sell a single gram for $13.00 to brokers yet the same can fetch one $80.00 in the official market. am even thinking of trying that lucrative business if i get capital. Thank You Pal!

so far i know The price of gold is usually directly proportional to the rate of inflation and price changes in U.S. Dollars. So if inflation rises or an increase of U.S. dollars, the price increases emaspun participate.so i guess i's the best investment. happy mylotting

I was originally an investor in shares and fixed deposits.But when i read in the internet that gold constitutes safe haven investment during times of recession i started taking interest in gold.I found that for the past 5 years gold has performed well when compared to the other asset classes.I feel if one has excess money one ought to invest in gold as the metal will always be more valuable than currency.

Yes very true..especially women in India loves gold at all ages. Investment in gold is really a great one at current period!

I never invest in anything but gold! Diversifying your investments through a broker or financial adviser is more traditional but gold is easy for just the investor. No broker fees, no spread sheets, and better yet, when you keep it in a safe place no one can rip you off. Think Madoff. No ponsi schemes. First think gold, second think real estate. Third think silver.

Do invest in precious metal. it may depreciate at times but it does not loose it value unlike currencies. If a nation has crisis currency depreciate and sometimes your left with nothing. Before, nations are based on gold standard not currency or dollar.. Who ever thought of making dollar as the standard to follow? What a bad idea. Now dollar is being overpowered by euro money.

hi professor as always you make such good sense. but alas I am a senior citizen living on social security and ssi checks and most of my money goes to pay my rent and board here at Gold Crest.so what little I have left is just to cover my personal expenses which is why mylotting is so good for me. But had I any money to invest I would indeed invest in gold plus savings account.