Hi

The price of gold is at about $500 , is it worth investing in it ? and if so whats the best way to go about it ?

Thanks

Anonymous wrote:Hi

The price of gold is at about $500 , is it worth investing in it ? and if so whats the best way to go about it ?

Thanks

There are lots of options available such as gold coins, gold bullien etc..

An alternative to directly investing in the metal would be to invest in say a fund of precious metal commoditoes or in gold shares or a fund of gold stocks etc...

Looks like gold is goign much higher !

Its up at $526 !!!

Right I need to buy some gold ! Or gold shares / Investment trusts

Can anyone recommend a few to look into ?

Which is a good gold unit trust ?

WOW ! I missed this its been to above $570, whats it going to do now ? Should I buy ?

Gold is a much more liquid investment than platinum. Platinum on the other had has some unique properties that could make it more in demand than gold. It is a catalyst. Its most popular use these days is in automobile catalytic converters and as such it is in high demand. Gold however is also in high demand but as a hedge against inflation. If inflation should not become a problem or if the US dollar should once again become a strong currency--fat chance of that happening--then the price of gold will likely abate.

Standard investment advice is that you should invest in a diversified mix of stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks as individual stocks are too risky. Most folks have a dificult time buying a properly balanced portfoilio of stocks on their own. They will misbalance their portfolio by buying all small stocks or all growth stocks, or some other misbalanced assortment of stocks. Unless you know what you are doing, it is best to buy mutual funds.