| Is it a good time to invest in Gold? why or why not?

Is it a good time to invest in Gold? why or why not?

cling1tr asked:

I’m looking to invest around $8000. Should I invest in gold? What is it about the “economic times” that makes investing in gold a good or a bad time to invest?

If Obama “fixes” the economy or at least turns it in a more positive direction. What will this do to the value of gold?

If I invest now and things turn around in the economy will that drive down the demand and therefor the price of gold?

I am also interested in trading foreign currency. Can anyone give me a brief explanation of this as well as the pros and cons or both this and gold investing?

Thanks, webs

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4 Responses to “Is it a good time to invest in Gold? why or why not?”

  1. Robert P on July 21st, 2009 11:41 am

    the prices of gold and silver are almost always stable. if you invest now and the economy gets better, the price of gold iwll go up.

  2. jkrd156 on July 24th, 2009 9:18 am

    Gold actually tends to trend away from the economy. Poor economy and higher gold prices like we have now. Gold and all precious metals are a high risk and volatile market.

    As far as trading foreign currency, Good Luck. It takes a lot of research and time to keep up with the constant change. Monies can fluctuate a bunch in just a day. if you are not using a broker / dealer you probably won’t have the time to watch every yen and peso.

  3. World Top Investor on July 25th, 2009 2:15 am

    If you are serious to invest, you can google for HSFX Asset Management and start making consistent return!

  4. Alex S on July 27th, 2009 11:08 pm

    If you are really interested in Gold as an investment you really need to do a little research and ask for professional guidance from an ad visor,however i came across an interesting free report regarding gold that may provide you you with some insight..hope it helps