IS IT A GOOD TIME TO BUY ....

[tulah]

GOLD COINS.
I WAS CONSIDERING BUYING AROUND $20,000
WORTH OF 1OZ $20 LIBERTY GOLD COINS.

WITH GOLD ON THE RISE I WAS WONDERING IF ANYONE HAD ANY THOUGHTS !!!

SHOULD I WAIT .MAYBE IT'LL GET CHEAPER?

THANKS

 

[Chadman]

Difficult to say. I think, with your post in the other thread that putting 2/3 of your overall investment "portfolio" into any one type of investment (other than maybe stocks or land) is not advisable. Gold is very high right now, and it's pretty much just a bet if you buy now hoping for it to go up. I think buying some gold as part of your overall strategy is smart - excellent hedge against inflation. But, I would personally find it hard to buy gold right now - at least a lot of it. There are other ways to invest in gold - gold mining and rights holding companies, etc. I did very well three years ago (I think it was) with some gold-related stocks. Not sure now...depends on many factors with each individual company. How much it costs them to produce the gold, what they can sell it for, if they already have locked-in contracts at a lower price - etc. Do your homework, if you go that route.

 

[s_dooley24]

I like gold as well, but I wouldn't invest more than about 10-15% of your overall portfolio into it

 

[s_dooley24]

This fund has about 16% in actual gold bullion and the rest is in gold related companies....if you want to go heavy into gold at least diversify the risk a bit...still i wouldn't recommend making this or any fund for that matter more then 10-15% of your overall portfolio...commodities have alot of volitility especially metals and you don't want to be over exposed in 1 area

http://quicktake.morningstar.com/Fund/snapshot.asp?Country=USA&Symbol=SGGDX

 

[tulah]

I ALREADY HAVE ABOUT 18 1OZ LIBERTYS
ON MY 8TH YEAR OLD B-DAY MY GRANDMA BOUGHT ME ONE. ITS' WHAT I'VE GOTTEN EVERY YEAR SINCE.


I'LL BE NEEDING A TOTAL OF AROUND 70

IT'S A CRAZY GYPSY THING!

I'LL NEED TO GIVE 30 EACH TO MY 2 BOYS WHEN THEY ARE READY TO BE MARRIED.
WE ROM(GYPSY) GET MARRIED BEFORE OUR 20TH B-DAY
RIGHT NOW THEY ARE 8 & 6

I KEEP HEARING THAT GOLD MAY ESCALADE TO OVER $1000 PER OUNCE

THANKS

 

[s_dooley24]

I like it to top around $800 by the end of the year, but $1000 is pretty lofty

 

[tulah]

I'm not saying that it would top $1000 by 2007.
In the long run(2-3yrs) I read it's very possible to reach that figure.


I would love it to be around $800 by years end.

Thanks