Is it time to consider investing in gold/foreign currency with the current market and possible rate cut?
Public Comments
- No.
- Best inflation hedge is gold, the USA gold reserves have drop since the 70s the double deficit of the USA Maybe...
- Hell yes! Gold is nearing its old highs and is above $700 while the dollar sinks through the floor. With a rate cut, expect to see the dollar plummet and gold surge into the high $800's in the very near term. Good trading!
- If you are a conservative gold invester 10% of net worth dedicated to physical gold possession should do. If you are confident gold prices are only bound to go higher in the long run.. possibly as much as 33% of net worth should be tied up in physical gold... caution: gold prices can become extremely volatile should any large holders cash out.. [think yo-yo-ing of the gold market] Does this help any?
- No. However, it is a very good idea to invest in Foreign Stocks in Euros and British Pounds.
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