Selling gold?

[Beststarter]

Re: áðàóçåð

@goddamniamsoawesome

Investing in gold for returns is a poor decision. However if you feel like you want a hedge against inflation then yeah, fair enough. Eitherway, never put all your eggs in one basket.

@TLK

that is what I meant and that is why I said that unless you have a solid plan of how you are going to re-invest your money, I say that dont sell it.

Well I think it’s pretty obvious that TLK meant just as a “savings” type investment, since right now interest rates on savings accounts are low in most places and of course, riskier than precious metals like Gold. No one invests in Gold for the returns, the ROI doesn’t exactly make it a cash crop but definitely a safe place to have your money.

As for Gold being high or low… that’s kind of subjective and hard to say. Gold will probably tend to go up for the most part (in the long run) so… no it’s not at it’s highest… and you can’t exactly say it’s low either since the rate at which the price of gold is rising is considerable at the moment. I’d agree with TLK and say unless you need the cash for something or have some other investment plan… probably don’t sell your gold. I wouldn’t.