Lux Investing
Are you investing in gold or precious metals right now?
Do you think that if we head towards a depression, people will be doing more of this kind of purchase? Or better question, should people be doing this now?
Public Comments
- Although the price of gold seems high right now, I think it will go even higher. There is a great book on the reasons why, part of the Rich Dad/Poor Dad series. The title is " Guide to Investing in Gold and Silver" by Michael Maloney, published 8-2008 - Amazon has it. He and I both believe that the enormous deficit of the US will cause a weaker dollar against foreign currencies, and that gold and silver will be much higher in the next few years. I wouldn't go 100%, but 10% to 40% of your investments should be in gold and silver right now. Silver may have an even bigger return than gold. Palladium is also relatively cheap right now. Just my opinion, hope that helps, Dean
- I personally think gold is a bad investment. The only reason people buy it, is because it used to back all money. It doesn't anymore. Gold has offered some of the poorest returns. Right now is a bad time to buy anyway because everyone is overbuying and pushing the price up. How much more can it increase? You want to buy when people are selling and sell when people are buying. If people are selling htey are drving up down the price so you can get a better deal. If they are buying you want to sell because they are driving up the price. The best investments in any bear market have been individual stocks. You can't feed a family with gold pieces. Your local market will probably not take it as currency. Stocks offer dividends in cash payments and growth.
- I invest in a Precious Metals and Minerals Fund. It helps to offset the big losses of my other funds. It's done the job so far. I don't invest heavily in it though.
- I buy gold coins for an insurance. Not really as an investment.
- In nowadays market crisis, If you are serious to invest and have no intention to lose your money, you can google for HSFX Asset Management and start making money!
- In nowadays market crisis, If you are serious to invest and have no intention to lose your money, you can google for HSFX Asset Management and start making consistent profits!
