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Gold is an better option for saving?

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skkhan
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Gold is an better option for saving?  Reply with quote  

hi
Now a days gold has become an another tool for saving. Gold is exchange tool also for the payment of crude oil. Gold is like reserve.

Gold prices define the market movement.

So what do you think is an option for saving?
Post Wed Apr 04, 2012 7:56 am
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littleroc02us
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Definetely not Gold! Gold has only become substantial in the past decade due to fear. The Stock market is almost back to where it was before the crash of 2008 and has a much better track record. Did you know that the worst 25 year period for the S&P 500 since 1920 was 8%? Gold was stagnant for the longest time and recently has flatlined. So I personally am banking my retirement entirely on the stock market and real estate.

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Wed Apr 04, 2012 3:05 pm
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webgain
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I don't think that Gold is the best option to save money. This can be down due to market price of the Gold. there are another more methods to save money.
Post Mon Apr 09, 2012 8:05 am
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aditi
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Gold may be the best option for saving but real state will always the first choice for saving. Gold rates not fixed every time.

it's only a substitute not fixed option for saving. Gold prices always fluctuates that's why.
Post Thu Apr 12, 2012 8:34 am
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lifesettlement
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quote:
Originally posted by aditi
Gold may be the best option for saving but real state will always the first choice for saving. Gold rates not fixed every time.

it's only a substitute not fixed option for saving. Gold prices always fluctuates that's why.


There are too many factors here at play to come to a logical conclusion. Gold will always be a solid investment (get it? lol) ... however oil will eventually run out, and if Iran goes to war, supply & demand will be altered and we all know what happens when supply goes down and demand goes up, right? Very Happy
Post Tue Apr 24, 2012 6:01 am
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ronita.gosh
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Gold investment tips  Reply with quote  

Since a long time, investing in Gold (considered as one of the most precious and auspicious metals) has remained the suggested idea for planning one’s savings for the future. You might have heard about it from your parents or even grandparents! So let us have a close watch on how to attain this investment path.
1.The Gold market is associated with a varied time-frame, if you are looking out for a winning expedition. You should not expect your gold returns to be surpassing all expectations overnight. You might observe a general trend of price hikes in the recent gold market, but it is still not advisable to invest in this market for a short term.
2.You may be investing in gold for your marriage, or want to keep a gold account in the form of gold coins, or bars etc. If you are clear about your goals, it would be easier for you to choose the right gold products.
3.Any investment planning can earn you benefits if you’ve chosen the proper guidance. Thus, even gold investment can give you good results with the help of an expert investment advisor. It is recommended that you choose your advisor with utmost care and that he is abides by the law.
4.Any sort of investment is a business which, if not done with proper planning, may end up dropping your growth opportunities. Therefore, while buying gold or any other precious metal, for that matter; you need to identify the right percentage of the metal to be purchased which can fetch you high returns.
5.Managing your accounts or portfolio is important when you need to protect your privacy and know about the legal implications while dealing with such financial accounts. There are many gold products which are not legally binding per se, as they can be purchased from the gold dealers for free. On the other hand, there are gold instruments which fall under the legal purview of a country and need to be handled with care.
6.The objective of buying gold can be attained by contacting the right dealer. You may find gold dealers spread in the market, but not all of them can fulfill the criteria of ethical gold dealings. You should do a thorough check and shop for a while before finalising the right dealer while buying gold with 100% purity.
7.There are different ways of gold investment. In one form you deal with the actual metal and in the other you trade with funds which do not offer you the physical metal. So you need to understand the different options available while trading with gold.
8.Unlike the real gold ventures, the gold stocks do not entertain you with good interests and your returns are attached to the company which mines and refines gold. So, if you do not want your days analysing your stocks, investment in real gold is preferred.
9.You are familiar with Gold; you must have come across the terms 18k, 22k, or 24k gold. These terms are associated with the purity of the gold. The gold content and purity are the two terms linked with the gold market. You may find different gold products with the same content; however the purity quotient may vary.
10.Do you buy gold in the form of jewellery? Then you do not fall under the usual list of investors. Gold bought in the form of jewellery undermines the whole idea of gold investment in usual terminology as in its jewellery form, its purity may differ. But you can always rely on buying gold jewellery and anticipate a better return when sold.
Post Mon May 07, 2012 6:41 am
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ganesh6789
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Hi,
Yes it is.But rather than buying physical gold;Go for Gold ETF and Gold Mutual funds.
Post Tue May 08, 2012 3:43 am
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ETFs_R_Best
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Re: Gold is an better option for saving?  Reply with quote  

quote:
Originally posted by skkhan
hi
Now a days gold has become an another tool for saving. Gold is exchange tool also for the payment of crude oil. Gold is like reserve.

Gold prices define the market movement.

So what do you think is an option for saving?

Diversify. Gold is a hedge against the next market collapse, so that instead of losing 50%, you might only lose perhaps 40%. Also in 2008 gold went down with the market (although not as much as stocks went down), but NEXT time around gold may go up or hold its ground. People like Peter Schiff are predicting government debt to be the next bubble. That means treasuries and the dollar collapse, inflation, etc. Don't you think gold will be the safe haven next time?

Cramer says to invest no more than 20% in gold.
Post Thu May 31, 2012 7:20 am
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iqfox
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Gold is too overbought now, and I think it is still in the correction. If it shows reversal pattern I would go long.
Post Fri Jun 01, 2012 4:33 pm
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ETFs_R_Best
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quote:
If it shows reversal pattern I would go long.

THIS....
GOLD +3.85%
S & P -2.46%
Post Fri Jun 01, 2012 8:26 pm
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coaster
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And what is gold's performance over the last 30 years versus the S&P's (including reinvested dividends)?

~Tim~
Post Fri Jun 01, 2012 10:32 pm
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ETFs_R_Best
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True, but I look at gold versus government debt.
Post Fri Jun 01, 2012 11:53 pm
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coaster
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How do you look at gold versus government debt? They're two different things entirely. It's like saying you like pickles and when asked why you say, "well, look at pickles versus annual snowfall."

I think the comment deserves elaboration.

~Tim~
Post Sat Jun 02, 2012 4:49 am
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ETFs_R_Best
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quote:
Originally posted by coaster
How do you look at gold versus government debt? They're two different things entirely. .

?? Gold has been driven by government debt. It devalues the currency, then people buy gold.
Post Sat Jun 02, 2012 5:01 am
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